Straight-From-the-Source-Blog-Header.png

Straight From The Source Blog by Higginbotham Insurance


The importance of workplace safety

February 19 , 2021

Workplace safety

Workplace safety is important to the health and welfare of employees and the overall health and productivity of a company. According to the Bureau of Labor Statistics (BLS), private industry employers reported 2.8 million nonfatal workplace injuries and illnesses in 2019. Of those, 882,200 caused a private industry worker to miss at least one day of work.

Read More

Tags: Risk Management


Understanding the many aspects of operational risk

February 17 , 2021

Operational risk

There’s no reward without risk. Operational risk exists in every business. However, the nature of operational risk may vary depending on the specifics of the company.

Read More

Tags: Risk Management


Cyber issues in contracts: who is liable and indemnification for acts of vendors?

December 17 , 2020

cyber attack

You’re only as strong as your weakest link. Even if you maintain good cyber security practices, a less diligent vendor could open the door to an attack on your data. When selecting vendors and writing contracts, it’s important to address cyber issues, liability and indemnification.

Read More

Tags: Risk Management


How adverse losses affect commercial auto insurance rates

December 03 , 2020

Commercial fleet

Read More

Tags: Risk Management


7 ways to take control of your experience modifiers and your workers' compensation premiums

October 14 , 2020

experience mod blog

For employers, it can be one of the least transparent and least understood aspects of workers’ compensation. And yet, it’s one of the most important factors in determining your premiums.

Read More

Tags: Risk Management


#1 reason you should never report claims late: coverage could be negated

August 19 , 2020

insurance claim form

People put things off for a lot of reasons. You might be busy. Maybe it seems unimportant. It could be just downright unpleasant. We get it. But when it comes to reporting claims to your insurer, promptness is essential. If you delay, your coverage could be negated – and that could be a big problem for your business. Protect your coverage, your company and your bottom line by reporting claims promptly.

Read More

Tags: Risk Management


Are there costly liability surprises lurking in your contracts?

July 29 , 2020

contacts

Dealing with contracts and insurance requirements can be tricky business. Things can get especially dicey when dealing with contractual liability exclusions, additional insureds, “insured contracts” and other intricacies of the contract process.

Read More

Tags: Risk Management


Liquor liability is a big risk – even during COVID-19

July 22 , 2020

liquor

Liquor is big business – but it can also be a big liability. According to The Drinks Business, U.S. alcohol sales reached $253.8 billion in 2018. At the same time, alcohol is associated with health problems, drunk driving and other serious risks – and businesses that sell alcohol may be held liable.

Read More

Tags: Risk Management


Is your business prepared for the next disaster?

July 09 , 2020

fire

There’s no question that eventually, a disaster will strike your business. The real question is whether you’ll be prepared. According to FEMA, 40 to 60 percent of small businesses never reopen after a disaster. Don’t be part of this statistic. Take the following four steps now to make sure you’re prepared for potential disasters and to manage whatever crises develop in the aftermath.

Read More

Tags: Risk Management


Fire suppression system 101 for commercial property owners

June 03 , 2020

fire alarm

Every year, fire consumes thousands of businesses. Some never recover. In 2018, fire departments in the U.S. responded to approximately 1,313,500 fires resulting in $25.6 billion in direct property loss, according to the National Fire Protection Association 

Read More

Tags: Risk Management


SUBSCRIBE TO NEWSLETTERS

Follow us on Twitter