Recently Forbes ran an article on the top 10 Risks business face. The article focused on some of the risks that are hard or impossible to insure through “standard” business or commercial policies. Business insurance is designed to cover unforeseen accidents to third parties, per the terms of the insurance policy. There are many risks that may keep a business owner or manager up at night, and we thought we might share our list with you.
1.Business interruption. If your business is closed due to a covered loss, we recommend business interruption insurance. This coverage can be a lifesaver for your business. Knowing you have a revenue stream during a period of recovery can help you sleep at night.
2.Employment Liability. Now more than ever employees know their rights. The State and Federal Government are also creating new laws to protect employee’s rights. This increase the risk of being sued for many different reasons, including; civil rights, discrimination, and even suites from illegal workers. Employment Practices Liability insurance address many concerns business owners have regarding their employment liability.
3.Regulatory Risk. Over the past 10 years, Government has become more involved in regulating your business. Since the financial crisis in 2008, governments have stepped up their regulatory functions in setting and determining policies for businesses.
4.Natural Disasters. No one can predict the weather, especially in our part of the country.
Weather-related losses are growing at a fast pace. Commercial insurance covers most weather-related damage. However, earthquake, flooding, and hurricane losses are excluded form most policies.
If you're lucky enough to have a lawn with a good topsoil base, much of the hard work of keeping a lawn beautiful is already done for you. But many of us do not have this luxury, and besides, even with a good topsoil base, you still have to work hard to keep a beautiful lawn and garden.
1. The best time to mow a lawn is when it is cool and dry. Wait for the morning dew to dry off, and before the afternoon, heat takes hold. Alternatively, late afternoon or early evening following a watering in the morning is also a good time.
2. A hedge is a much better boundary divider than a fence. It will provide better privacy and keep pets and children in or out. It will attract birds to its shelter and provide a great backdrop for plants and flowers.
3. Bring the beauty of your garden to you; plant hyacinths near walkways and doors. Their magnificent perfume will swamp the spring air and make your garden really come alive.
4. Add your garden to non-garden items, such as lampposts and mailboxes. Surround these items with flowers planted to take advantage of the earliest to the latest flowerings. You could have white snowdrops, purple and gold crocus, blue hyacinths, and various colored tulips. You could also surround the posts with rocks to provide added interest.
5. Simple but effective weed control can be achieved on your lawn by often mowing during spring. This will prevent dandelions from spreading by eliminating the yellow blossoms and preventing seed formation. Mow high during late spring and early summer. This will allow grass blades to shade the ground and will help prevent crabgrass from sprouting.
Your lawn and garden should be a source of pride and beauty.
You don't need to spend lots of money on expensive fertilizers and herbicides or fancy lawn furniture and ornaments. A little commonsense and thought can go a long way to making your lawn and garden a much better place.
As always, all of us at Contractors Insurance Specialists! Houston TX appreciate your business, and If you would like us to do a 'spring cleaning' of your accounts please don't hesitate to email or call us.
If you own or operate a business, commercial insurance needs to be part of your business plan. If not properly insured, your business most likely will not withstand the effects of a common loss. Business insurance, or commercial insurance, is designed to protect your business from accidents and loss.
Your business can be shut down for a number of reasons including; fire, cyber breach, water damage, customer litigation and more. Key Business Coverage for Your Business Needs
Business Interruption Insurancecovers the loss of income that a business suffers after a covered loss (fire, windstorm, etc.), while its facility is shut down or in the process of being rebuilt.
Directors and Officers Insuranceis needed even if you are a privately held business. Directors and officers liability Insurance protects your business, owners, executives, and managers if individuals, competitors, third parties, or government regulators make claim for damages.
Cyber Liability is a risk that every business has. According to the Insurance Information Institute, businesses have a greater chance of having a cyber breach than they do of having a fire. Most businesses should consider cyber liability insurance, which is designed to cover the costs of investigations, notification, and credit monitoring for affected individuals, regulatory compliance, defendinglawsuits, and payment of any resulting judgments or settlements.
We are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available at the lowest rate possible.
Our agency truly values the long-term relationships with our clients, and is proud to give families, individuals and businesses the personal attention required when it matters most. When claims arise, we realize that it can be very stressful and will do everything possible to assure timely and complete recovery.
Our oil & gas professional has experience within upstream, midstream, and downstream energy operations. We are able can provide you with flexible, innovative insurance solutions for all your oil & gas insurance needs. Our goal is always to find you the best possible combination of coverage, price, and service.
We offer competitive oil & gas insurance packages allowing you to expand their coverage as their business develops.
Protect what matters most to you with Houston, TX. Commercial & Business insurance. We offer the best combination of competitive rates, coverage and personal service in Houston.
Garage and auto-related operations are unique with respect to the exposures they present. We provide insurance covering the legal liability of commercial or personal automobile repair, truck, truck-tractor, motorcycle, mobile repair, tow trucks and recreational vehicle for claims of bodily injury (BI) and property damage (PD) arising out of business operations. Coverage for premises liability insures these businesses against their customer getting hurt on your premises. An example would be if a customer came to your lot and slipped and fell causing injury to themselves.
Almost every type of commercial auto, motorcycle, ATV, or other motorized vehicle repair shop will need garage liability coverage. Basically, any property used for repairing, storing, or servicing any kind of vehicle will need some type of garage coverage. By accessing the markets we are able to design an insurance product to meet your needs.
Garage liability - is the term that applies to the liability exposure associated with your autos and your inventory. If you are strictly in the business of selling cars, then this is the most basic coverage that you need in order to obtain your dealer tags.
Garage keepers insurance - is for those dealers and repair shops that take in cars owned by others and perform repairs on those vehicles.
Because each garage or shops situation is different, our team focuses on individual needs. There are as many unique insurance needs as we have neighbors who live here! To talk with one of our helpful team members about your insurance needs, contact us today.