Business owners have a lot to consider when choosing insurance that fully protects their business. One coverage option, a business owners policy (BOP), can take the guesswork out of the process. A BOP bundles several types of coverage in one package, similar to the way a homeowners policy works, but is designed for small and midsized businesses.
BOP Key Features
A BOP generally combines the following types of coverage in one convenient bundle:
Did You Know?
The largest source of fire in American homes comes from fuel burning appliances. The main causes of fire include inadequate clearance between the wood burner and walls, floors and furniture; creosote buildup in the chimney; poorly or improperly installed chimneys and improper installation of the wood burner itself.
Use these tips to safely use your wood burning stove:
- Read the instructions for your wood burning stove and follow them carefully.
10 Ways to Prepare for a Successful Wellbeing Program
Open enrollment season is a busy time for many of us in the employee benefits field. The best advice we have for helping to make open enrollment season easier is to begin planning and communicating early, especially when evaluating or implementing an employee wellbeing program.
If you plan to offer an employee wellbeing program in 2019, we recommend spending the weeks prior to open enrollment preparing. Here’s a list of 10...
You may feel that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimized by fraud or theft. In this day and age, thieves (and potentially your employees) do not need direct access to cash to steal from you—merchandise, supplies and securities are all fair game.
The following examples represent common business thefts, specifically by employees:
Did you Know?
Being a defensive driver means driving to prevent accidents in spite of the actions of others or the presence of adverse driving conditions. In other words, defensive driving means that you are ready for any and all surprises on the road.
To avoid accidents by practicing defensive driving, follow a three-step process of seeing hazards, understanding potential defenses and acting in time.
- See the Hazard: Think about what may happen as...
Communication is key to a successful open enrollment.
Each year, most employers will hold an event referred to as “open enrollment.” Open enrollment is a scheduled period of time prior to the start of the company’s new Employee Benefits Plan Year. During open enrollment, employees can make changes to their benefits elections without the requirement of a qualifying event (i.e.: marriage, divorce, birth of a child). Open enrollment can be an extremely positive and rewarding experience...
Did You Know?
According to the Centers for Disease Control and Prevention (CDC), this nasty habit kills over 480,000 people each year and this number continues to rise. With all the health risks associated with smoking, it’s important to extinguish your smoking habit for good! Here are some suggestions to get you started on your journey to being smoke-free.
- Quitting has dramatic beneficial effects on your health within minutes.
- After 20 Minutes: Blood...
Professional liability insurance covers liability for damages arising from the rendering of or failure to render professional services. Protect yourself and your business from claims not covered by commercial general liability coverage.
Professional liability insurance, also referred to as professional indemnity insurance, protects professional personnel against negligence claims made by their patients or clients. Professionals who commonly turn to this type of liability insurance for...
Fall is right around the corner, and, as the weather changes, it’s important to prepare your home and identify potential problems before they arise. Consider performing the following annual fall maintenance tasks to ensure your home is safe and ready for the months ahead:
- Have your heating system cleaned and inspected by a qualified technician. Clean and replace the furnace filter if needed.
- Insulate water pipes in areas exposed to cold temperatures.
- Check for...
Let’s Make This Your Best Open Enrollment
It’s that time of year again—Open Enrollment (OE) season is upon us. This can be a stressful time for both employees and employers. In fact, the 2017 ALEX Benefits Communication Survey showed that 36% of the employees polled say the open enrollment process at their company is extremely confusing and 49% of employees whose companies offer health insurance, say making health insurance decisions is always very stressful for them.