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Straight From The Source Blog by Higginbotham Insurance


Is prepaid insurance an asset?

April 09 , 2021

Prepaid insurance

In a word: Yes, prepaid insurance is an asset. Anything that is owned by a company and has a future value that can be measured in money is considered an asset. This includes cash, accounts receivable, inventory, real estate, buildings, equipment, supplies, vehicles – and prepaid expenses, such as insurance premiums and prepaid rent.

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Tags: Business Insurance


What general liability insurance covers (and doesn’t cover)

March 23 , 2021

gl blog

No matter what products or services you sell, the simple act of opening for business each day exposes you to a multitude of liability risks. A customer could slip and fall in your store. One of your employees could accidentally cause damage at a customer’s home or business. Another business could sue you for defamation for speaking negatively about it in your ads.

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Tags: Business Insurance


A 20-step checklist for succession planning

March 17 , 2021

succession v2

There are many unknowns in business, but one event is guaranteed and universal: every business will have a succession, whether the incumbent retires, resigns or is removed by fortune or fate.

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Tags: Business Insurance


What is premium financing for insurance?

January 21 , 2021

Blog graphic template - premium financing 3

Insurance coverage is a smart purchase. Sometimes it’s even a necessary expense. When cash flow is low, however, paying for premiums up front can present a problem. For some businesses, premium financing might be the solution.  

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Tags: Business Insurance


The fastest private jets for sale in 2020

December 15 , 2020

jet

In our fast-paced globalized world, the age-old adage of "time is money" has never rung truer. While recent advances in telecommunication have enabled remote collaboration beyond what we ever imagined possible, digital meetings often aren’t nearly as effective as communicating in person.

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Tags: Business Insurance


Why your business needs personal and advertising injury coverage

December 01 , 2020

Libel and slander

Even under the best circumstances, there’s no way to predict whether an accident or oversight involving your business will injure others or damage their property. That’s why you carry commercial general liability (CGL) coverage to protect assets and cash in the unfortunate instance that a court finds your business liable for damages to another party.

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Tags: Business Insurance


Strategic planning: how it can help organize your business

November 19 , 2020

business plan

Strategic planning is an organizational process designed to define a company's overarching mission and vision, clearly identify measurable, actionable goals and implement control mechanisms to maximize the likelihood of achieving them. 

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Tags: Business Insurance


Aggregate limits explained

November 12 , 2020

aggregate limits blog

Business insurance is one of the most integral parts of any modern organization. From natural disasters to job site injuries, theft and more, this crucial protection can spell the difference between success and failure. Most small business owners need business insurance because their personal assets are more closely aligned with their business assets.

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Tags: Business Insurance


Commercial roof limitation endorsements: what you need to know

November 05 , 2020

roof

Is your commercial roof coverage as good as you think it is? Exclusions in commercial property insurance policies are becoming very common. Here’s what you need to know about roof limitation endorsements.

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Tags: Business Insurance


Is your business prepared for an earthquake?

September 30 , 2020

earthquake damage

It’s perhaps the most instantaneously unnerving and terrifying natural event you can experience. When an earthquake strikes, there is no warning. There’s no storm track to follow. There’s no battening down the hatches. There’s no time to evacuate. And you can’t outrun it.

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Tags: Business Insurance


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