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Straight From The Source Blog by Higginbotham Insurance


Am I protected when serving on a nonprofit board?

January 30 , 2019

GettyImages-Nonprofit Check PresentationYou’ve been asked to serve on the board of a nonprofit. You’re happy to contribute to an organization that serves such a great purpose, but you’re also worried. If anything goes wrong, will you be protected? It’s not the sort of concern you want to dismiss. If you’re serving on a nonprofit board, take time to understand the risks involved.

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Tags: Business Insurance


10 questions contractors should ask before purchasing business interruption insurance

December 19 , 2018

GettyImages-Construction Workers Reading BlueprintJack is a busy contractor with a thriving business. One night there was a major fire at his office/warehouse, and some essential equipment was destroyed. Like most contractors, Jack had property insurance as part of his construction insurance package. He ordered replacement equipment right away, only to discover that the equipment was backordered. Without this crucial equipment, he couldn't complete his pending projects. Needless to say, this scenario created a major crunch in cash flow.

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Tags: Business Insurance


The basics of special events insurance

September 14 , 2018

Special events 

Hosting events such as concerts, festivals, conferences, trade shows, sporting events and celebrations subjects a business to a variety of liabilities and risks that must be considered to avoid costly litigation or other losses when something goes amiss. Appropriate coverage for events include property insurance, general liability insurance, employer’s liability insurance and cancellation insurance.

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Tags: Business Insurance


Protecting your business against employment related lawsuits

August 15 , 2018

 

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Lawsuits can come from many sources, including customers, competitors, vendors and partners. But in many cases, when a company faces litigation, the lawsuit is related to employment practices. To protect your business against these lawsuits, it’s important to understand why they occur.

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Tags: Business Insurance, Risk Management


Filling coverage gaps with inland marine insurance

July 24 , 2018

Inland marine insurance

Inland marine insurance was once used strictly in the ocean marine industry to protect against property losses before, during and after water transfers. As the non-ocean aspect of the cargo journey developed, cargoes were transferred to barge, and the term “inland marine” was created

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Tags: Business Insurance


Why commercial auto rates are rising and what you can do

June 22 , 2018

Rising commercial auto rates

It’s no secret that commercial auto rates are on the rise. Commercial auto insurers have been reporting poor results since at least 2016, and the trend shows no signs of slowing. Fleet managers are left wondering why their rates are increasing – and what they can do to keep the trend from hurting their bottom line.

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Tags: Business Insurance


Don’t take chances with your home-based business insurance

May 18 , 2018

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Do you operate a home-based business? Thinking about starting one? You’re in good company. According to statistics from the Small Business Administration (SBA), roughly 50 percent of small businesses are home-based businesses. And this sector just keeps growing.

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Tags: Business Insurance


These D&O claims could impact your business

April 24 , 2018

D&O claims

Think your business doesn’t have directors and officers (D&O) liability exposure? Think again. When it comes to possible D&O claims, many businesses are left in the dark.

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Tags: Business Insurance


Best practices for your early return-to-work program

March 27 , 2018

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As the old saying goes, prevention is the best medicine. When it comes to reducing the cost of workers’ compensation insurance claims, this holds true. Preventing workplace injuries and illnesses is clearly the best method. Even with the best training, equipment and policies, however, the occasional incident may still occur. When this happens, an early return-to-work program can benefit both the employer and the employee.

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Tags: Business Insurance, Risk Management


The basics and benefits of E&O insurance

January 18 , 2018

E&O insurance coverage

Americans have a reputation for being litigious. Some lawsuits may be frivolous, others may be justified, but all have the potential to be time-consuming and expensive. Professionals who offer their services to the public are especially prone to becoming the target of a lawsuit. This is an unescapable risk, but one that can be mitigated with Errors and Omissions insurance.

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Tags: Business Insurance


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