There are many reasons commercial auto rates are rising and as a business-owner you can control some of them. Inexperienced Drivers-A shortage of drivers caused by high demand, a retiring workforce and drivers leaving the industry. This turnover has put the industry in flux. As hiring standards are lowered more accidents are going to occur.…

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Learn why your local independent insurance agent is much more than a salesperson.  Read about customer commitment and your local independent insurance agent. The core of every business is customers. Without customers, there is no market. As an independent insurance agency, Richey-Barrett Insurance strives to be present, for real, for our customers. As we remind…

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The Commercial Property Insurance landscape continues to shift, companies are leaving the marketplace, capacity is being reduced, minimum deductibles are being increased and premiums are going up. However, a not so obvious change is the adding of Warranty Clauses to the policy. What is a warranty in an insurance policy? They are statements made by…

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Learn a few back-to-school commercial automobile liability insurance basics. Read three practical scenarios involving commercial automobile liability insurance. Schools are back in session, and pizza is on the menu. That means more business for some local pizza shops, and more pizza deliveries. Test your knowledge of automobile liability insurance by getting behind the wheel of…

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Most General liability policies issued today have an occurrence limit of $1,000,000.00 or $2,000,000.00 and commercial auto policies typically have limits of $500,000.00 to $1,000,000.00, but is that sufficient in today’s litigious environment? As a business owner if you don’t feel these liability limits are adequate based on a myriad of variables an umbrella policy…

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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…

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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…

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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…

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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’…

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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…

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