Discover real value independent insurance agents add to commercial businesses. Read why commercial businesses should connect with independent insurance agents. No business is an island, as each one depends on vital connections. Independent insurance agents are a reliable and reachable connection for the needs of many commercial insureds. We are Independent for you, giving you […]
Employment Practices Liability (EPL) claims are on the rise as companies reevaluate staffing levels and continue to outsource work, understanding how your EPL policy will respond is important. The gig economy is full of freelancers or independent contractors who provide their services to a company or that company’s clients. These workers are often online platform […]
Discover a personal connection between what’s accessible and commercial insurance. Read about five Northeast Ohio amenities that rely on commercial insurance. Ohio is home. I grew up in Northeast Ohio and have always worked here. Despite trends of an aging population and shrinking workforce, Northeast Ohio has much to offer residents, workers, and visitors. Take […]
The annual cost of insurance fraud to businesses and consumers is $3,860,000,000.00 in America according to The Coalition Against Insurance Fraud. The Coalition broke down the most common types of insurance fraud as follows; Life insurance: $74.7 billion Property & casualty insurance: $45 billion; auto theft fraud totaled $7.4 billion Health insurance: $36.3 billion Workers’ […]
Learn about equipment operator safety and maintenance of business equipment. Read about equipment maintenance checks important to protecting your business. Proper equipment maintenance is essential for workplace safety. Some businesses schedule planned shutdowns during which equipment is inspected and routine maintenance is performed. Planned shutdown or not, any business which involves the operation of equipment […]
Learn about subrogation and waiver of subrogation in commercial insurance. Read about the Waiver of Subrogation Endorsement/Clause and why your business may need it. Practically, and to a large extent legally, businesses need the protection provided through commercial insurance. The trains don’t run without proper commercial insurance in force. For some business sectors, a not-so-well-understood […]
Nobody is immune from cyber-attacks! In August 2021 T-Mobile had a total of 40 million subscriber, prospect, and former customer accounts hacked. The breach included names, driver’s license numbers, Social Security numbers, and device information. In 2020 SolarWinds, a provider of system management tools, was attacked using a supply chain of attack. This method inserted […]
Read about Professional Liability/E&O Insurance and what types of businesses need it. Learn about Professional Liability/E&O Insurance, commonly written on a “claims-made” basis. Professional Liability Insurance is a type of commercial insurance that should be purchased by any business engaged in a profession. The business may be as small as a one-person sole proprietorship or […]
On the Saturday before Memorial Day last year within the span of 5 minutes, I received three phone calls from three different insureds that somebody had driven their car into a building damaging it and taking off (luckily nobody was injured). In this situation, Richey-Barrett insures the building owner and two tenants of the building. […]
Are you just starting up your new business? Or perhaps you have recently been wondering if your current commercial insurance coverage is enough. It can be frustrating trying to educate yourself about business insurance options. Let us help you understand some basic aspects of business insurance. General Liability This is the foundation of most policies. […]
