From the monthly archives: July 2014

We are pleased to present below all posts archived in 'July 2014'. If you still can't find what you are looking for, try using the search box.

7/30/2014 2:00 AM

Don't Let Crime Plague Your Construction Site

Whether it be arson, vandalism, or theft, construction sites are prime targets for criminal acts. These criminal acts can create some significant added costs, including insurance deductibles and consequential premium hikes; work delays; and replacement of lost equipment, tools, and building materials. Of course, such an event can also affect your overall job site and your client's deadline. The good news is there are several steps you can take to diminish the risk and financial impact of criminal acts involving your job site: 1. Research the work area prior to beginning a job. Carefully researching unfamiliar work areas is especially important if you're not planning to hire on-site security, but should be done regardless. The local police or sheriff department can tell you if a particular area has a high crime rate. If you ask, they'll also usually be able to send a patrol car out to periodically check your site once the work begins. You might additionally ask friendly competitors if they ...

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7/22/2014 10:00 PM

Insurance for Small Construction Businesses

Small construction businesses require several of the same types of insurance coverage that larger businesses need. In addition to this, there are types of coverage available that are specific to the construction industry. It's best to speak with a qualified agent who has experience in insuring small construction businesses. Agents with experience are able to provide the best coverage options. Property Coverage Property insurance may be needed to provide coverage for any real property owned by the company. This coverage may also be needed to cover any personal property that is used for the business. The largest amount of property loss may involve equipment that is taken to varying sites and valuable machinery. Standard property insurance doesn't provide coverage for such items. It's necessary to purchase floaters from contract insurers for such items. Speak with an agent to learn what types of floaters are available and to determine which ones are the best choice for an individual business. It's ...

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7/15/2014 6:00 PM

Understanding Small Business Insurance

There are four types of insurance that most small businesses purchase. The first is property insurance. This type of coverage provides compensation if business property is damaged, stolen or lost. In addition to covering the physical business structure, property insurance covers personal property. This includes inventory, office furnishings, raw materials, computers, machinery and other items that are part of business operations. Property insurance coverage doesn't end with protecting physical assets. It also affords operating funds when business owners must take steps to get their business back on track following major loss. Property insurance may provide coverage for broken equipment in some cases. It may also provide coverage for water damage, debris removal following a fire and several other specific items. Business vehicle insurance is the second type of coverage many small businesses purchase. Anyone who uses their own personal vehicle for business purposes should discuss this type of cover ...

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7/9/2014 4:00 AM

Mind Your Business: Surveillance Cameras and Video Monitoring

Surveillance and video monitoring have become very affordable, easy to implement, and effective. For very little investment, cameras can stream video onto the internet so the owner can monitor and record activities in their business, on site or remotely. Data storage, that is image storage, is almost limitless; and the video history of the store can be kept in multiple locations for safety and replacement ease. Keeping logs and indexes simplifies filing to a few mouse clicks. This video record has multiple uses. In real time, monitoring can deter violent crime, shoplifting, or employee theft. It can help address customer service by dispatching employees to underserved areas of a store, recognize a need for restocking merchandise, or securing a blind area on the premises. Monitoring your business from any remote location allows you the freedom and capacity to balance your family and professional life better. Historically, employee surveillance focused on stolen trade secrets and theft of goods. When ...

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7/2/2014 2:00 AM

Insurance Implications For Green Construction

One of the most popular types of construction in the United States is green construction. This eco-friendly technique gained popularity because of rising energy costs, global climate change and the United States' dependence on foreign energy providers. People all over the country are taking steps to reduce the carbon footprints their homes and business spaces leave. However, this type of construction has very important insurance implications, which all consumers should be aware of. Buildings that are considered green have met several requirements for LEED, which is a certification formally known as Leadership in Energy and Development. LEED was developed by the U.S. Green Building Council in the late 1990s. It was designed to help building owners identify and use construction, maintenance, operations and measurable designs that are better for the environment. In comparison with standard structures, green buildings use water and energy more efficiently. They also have healthier indoor environments ...

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