Protecting Your Produce: The Benefits of Spoilage Coverage

By | Business, Central, Claims, Commercial, commercial insurance, equipment breakdown coverage, fresh food, Insurance, Liability, Loss Control, perishable food, Risk Management, spoilage coverage, utility interruption coverage

According to Statista, total retail and food services sales in the United States totaled 5.32 trillion dollars in 2015.[i]  This includes perishable foods, which is food that “will spoil the most quickly and require refrigeration.”[ii] A recent article…

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Creating and Maintaining a Drug-Free Workplace

By | Business, Central, Commercial, drug and alcohol policy, drug testing, drug-free workplace policy, Education, Human Resources, Insurance, Risk Management, safety program, Substance Abuse and Mental Health Services Administration, United States Department of Labor, workers safety, workplace issue

Illicit drug use and drug addictions are an unfortunate occurrence that we often see broadcasted on the evening news or even directly affecting the people we know. Businesses are not exempt from facing this epidemic as the use of drugs…

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Corporate Governance: Keeping Our Corporations on the Right Path

By | Business, Commercial, Communication, corporate culture, corporate governance, corporate scandals, Education, Employees, how to lead others, Human Resources, Insurance, leadership, Risk Management, successful business, tips for success

In recent years, we have seen many scandals at a number of corporations involving issues such as bribery, personal misconduct, and several glaringly egregious business practices.[i] The result of these scandals has led to reduced corporate profits as w…

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What’s in a Name? The Importance of Named Insured Underwriting

By | Business, Commercial, commercial lines underwriter, commercial underwriting, Education, Insurance, insurance underwriter, named insured, named insured underwriting

When underwriters think about risk, perils such as fire and theft come to mind. One risk that can be overlooked is improperly underwriting multiple named insureds. This article will discuss the importance of underwriting named insureds. A key element o…

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Enterprise Risk Management: An Alternative Approach to Managing Risk

By | Business, Business Insurance, Central, Commercial, commercial insurance, Education, Employees, enterprise risk management, Insurance, managing risks, Risk Management

One of the core concepts of insurance is risk management. The Institutes define risk management as “the process of making and implementing decisions that will minimize the adverse effects of accidental losses on an organization.”[i] Insurance professio…

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