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"General Liability"
Having one person handle all aspects of accounting puts a business in a VERY vulnerable position. There is no one there really checking that everything is accurate and watching the money so to speak. This leaves a lot of room for employee dishonesty. There are some basic controls that can be put in place to help eliminate such losses. The easiest may be an annual outside audit, to help lower the risk of fraud. Small business owners often feel close to their employees and put a lot of trust in them leaving little room for acknowledging dishonesty. Continue reading
In October 2015, the much-discussed Payment Networks’ Liability Shift associated with EuroPay, MasterCard, and Visa (EMV) is due to take effect in the United States. It’s a major milestone for financial companies (meaning banks and credit unions), credit card issuers, retailers, and more. There is a great deal of information, and misinformation, afloat regarding the US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned. – See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.srtKy4Ej.dpuf Continue reading
There are two different insurance policies that will cover employee theft; a commercial package policy with a crime endorsement or a separate crime policy. Many business owners think that their commercial property coverage will protect them against employee dishonesty; however, typically property policies do not cover cash or funds and exclude accounts. Continue reading
Many common home remodeling mistakes are design related. If you don’t believe us, a quick Google search will show you a plethora of examples of design gone awry. Problems like doors slamming into ceiling fans and drawers hitting walls, not to mention additions that look like they haphazardly collided into the existing house, could easily be avoided with a good design. Continue reading
The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts.
During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues related to business interruption and detailed why risk managers should anticipate all possible worst case scenarios in anticipation of loss. Continue reading
Summer season has arrived! Temperatures are heating up, vacations are being planned, pools are opening, and my personal favorite it is BBQ season. Summer brings on a whole new need for personal insurance. If you own a home with a pool, have a trampoline, or intend on having people over this summer to enjoy the Las Vegas weather, be sure to check you insurance policy for proper coverage. Continue reading
Risk Management is a process that involves identifying a company’s risk by an in-depth analysis. Once the risks are identified a business should then try to reduce, eliminate, or transfer the risk. As a business, simply having insurance is not enough. Risk management is a crucial part of a business’s structure. If you don’t know where you have a risk, then how can you properly be protected? Continue reading
Japanese air bag manufacturer Takata Corp. is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, making it the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Continue reading
