-
Business Crime Insurance for Employee Theft & Other Risks
When it comes to employee theft, banking and financial services top the list of most-affected industries. But companies in manufacturing, retail, and construction aren’t too far behind.
Read More -
9 Tips for Best-in-Class Builder Contracts
Builder contracts are such a fundamental part of construction risk management we tend to take their role for granted. At some point—two, five, ten years ago?—you probably sat down with your attorney. Maybe you purchased a template from your local trade association. You reviewed Massachusetts’ requirements for residential contracting agreements. Now your standard language addresses […]
Read More -
Builders Insurance Costs: 4 Easy Steps that Could Improve Your Rate
Builders insurance costs (premiums) are dependent on a variety of factors. And when it comes to one key rating factor, the fate of your rate is largely in your own hands. It’s called your online presence (i.e. your website, social media accounts, and client reviews). More than ever, optimizing this factor could play a role […]
Read More -
Snow Removal Insurance: Key Differences in Coverage
As you’ve probably heard—or have experienced firsthand—it’s increasingly difficult to buy snow removal insurance these days. An uptick in lawsuits, combined with unfair regulations, drive up the cost of snow plow insurance, by transferring the lion’s share of the exposure to snow and ice contractors. Many commercial carriers don’t want to write these policies. Those […]
Read More -
Renewing Business Insurance during the Pandemic: Tips for Business Owners
In an ideal world, renewing your business insurance is something you do after careful planning and analysis. Taking the time to review what happened last year and anticipating next year’s coming changes is the best way to ensure your new policy will provide adequate coverage at an optimal rate. Unfortunately, during the current pandemic, many […]
Read More -
COVID19 Workplace Safety Standards: Mandatory in Massachusetts
The four-phase approach to re-opening Massachusetts is underway. If you’re re-opening your Massachusetts business in the coming weeks, here are four items to download (and complete), according to state guidelines: COVID-19 control plan template – A template that satisfies the written control plan requirement for self-certification. NOTE: you don’t need to submit this plan to state […]
Read More -
Business Insurance Audits and COVID-19
They happen every year: business insurance audits. COVID-19 makes this year’s process a little more complicated… and potentially confusing. If you’re wondering how different payroll and operational changes could affect your audit, the following FAQs may help. During the pandemic, we’ve included COVID-related audit questions up top. More general FAQs about annual business insurance audits […]
Read More -
COVID-19 Small Business Loans Scam Alert
As you’ve probably heard, The Paycheck Protection Program (PPP) represents a major portion of the U.S. government’s recently deployed CARES Act. The PPP consists of $350 billion in government-backed loans—distributed via private banks. Unfortunately, because so many small businesses have been affected, and because banks are implementing this program on the fly, the application process […]
Read More -
The CARES Act: Coronavirus Aid, Relief & Economic Security
FAQs from Small Businesses on the New CARES Act While we are not financial advisors, bankers, or accountants, we have been fielding quite a few questions about the CARES Act from our commercial clients. Below is a list of these FAQs along with answers we’ve curated from a host of reputable sources, including the SBA […]
Read More -
Business Insurance and Coronavirus: Are You Covered for Lost Income, Employee Illness?
Does my business insurance cover losses due to coronavirus? If you don’t have time to read this entire article, we can tell you up front that the answer is, unfortunately, probably no. But we think it’s important people understand why this is currently the case. (NOTE: there may end up being coverage, as we are […]
Read More
