Business insurance Archives - Supply Chain Game Changer™

What is Professional Indemnity Insurance and Why Do You Need It?

How Business Insurance Can Protect You!

Running a business is no easy undertaking. You have to prepare yourself for all the risks and challenges that may come your way. But the question is, how prepared are you to face such predicaments?

If you’re running a business, there’s a chance of becoming liable for damages caused by your company. There’s also a chance of facing legal claims due to negligence in providing expert advice and services, which could cost thousands or even millions of dollars.

Growing Your Insurance Agency in the Era of Frequent Supply Chain Crises!

Coronavirus Exposes Global Supply Chain Fragility!

Back in 2020, mankind had to deal with a threat it never saw coming. As COVID wreaked havoc across the globe, chaos and uncertainty shrouded over the business world.

According to the World Economic Forum, the pandemic resulted in one of the biggest supply chain crises the world has ever seen. Even today, almost three years after the pandemic started, its impact on the global supply chain is still evident.

Selecting the Right Commercial Insurance for Your Florida Small Business!

How Business Insurance Can Protect You!

Commercial insurance holds immense significance in Florida. The employment of 3.6 million individuals by small business owners underlines its pivotal role. Notably, Florida frequently ranks among the top five states with the highest business lawsuit rates. In light of this, acquiring suitable commercial insurance becomes imperative for effective risk management.

Furthermore, small businesses constitute a vital component of Florida’s infrastructure. Contributing significantly to its position as the fourth-largest economy in the U.S. Remarkably, these enterprises employ almost half of the entire workforce.

What is General Liability Insurance and Why Do Businesses Need it?

How Business Insurance Can Protect You!

Running a business requires a lot of support and services from external companies. One of the most significant services every company requires is insurance.

There are many different types of business insurance out there, ranging from sector-specific options to insurance policies that every company needs to have.

Among the latter category is general liability insurance. As the term ‘general’ in the name might suggest, this is a generic form of insurance that covers a wide range of issues that almost any business might encounter.

If you’re unsure of what general liability insurance is and why your business needs it, then keep reading this handy guide to find out more.

Understanding the Basics of Commercial Property Insurance!

How Business Insurance Can Protect You!

In today’s dynamic business landscape, commercial property insurance emerges as a critical shield for businesses against the unpredictable tides of physical and financial risks. This insurance is no mere luxury but a necessity, providing a safety net for the diverse assets that businesses rely on.

From buildings and equipment to inventory, commercial property insurance covers a broad spectrum, ensuring that businesses can bounce back from setbacks like natural disasters, theft, or accidents.

Smart Strategies for Cost-Effective Home-Based Business Insurance!

How Business Insurance Can Protect You!

In the evolving landscape of modern business, the concept of working from home has gained unprecedented momentum. The rise of home-based businesses has brought about a plethora of opportunities, allowing entrepreneurs to turn their passions into profitable ventures without the need for a dedicated office space.

However, amidst the excitement of setting up a home-based business, it’s crucial not to overlook the importance of securing appropriate business insurance coverage.

How Business Insurance Can Protect You!

Case Building for Supply Chain Risk Management!

Business insurance is essential. Businesses, like landscaping for instance, need several types of insurance coverage to make sure that they protect themselves from claims made against them due to negligence, poor quality, contractual failure and many other possibilities.

Here are the different areas in which insurance is vital for the protection of a business.

Industry-Specific Insights: Tailoring Umbrella Insurance Coverage for Connecticut Businesses!

How Business Insurance Can Protect You!

Connecticut stands out as a thriving hub for business, making a significant mark on the corporate landscape. Evidencing this, a notable presence was observed in the 2023 Fortune 500 list. Fourteen companies headquartered in the state secured positions among the largest corporations in the U.S.

What to Do in an Accident with a Commercial Vehicle!

How Business Insurance Can Protect You!

Getting into a collision with a commercial vehicle like a semi or big rig can be a terrifying experience. Small personal cars scarcely stand a chance against the massive trucks that can weigh 80,000 lbs or more when loaded to capacity. Before you think about calling a lawyer for truck accidents you will need to handle the immediate aftermath of the event.

As you sit there trying to process the reality of situation, your first instinct is to check for the safety of the other passengers in the car and think of getting help. The most critical thing to do next is stay calm, breathe deeply, and think about how to get out of the car without aggravating your injuries.

Make a conscious effort to fight the rising panic and follow these steps. Ideally this has been covered in your Commercial trucker training.