For contractors, theft is one of the leading causes of equipment losses. Every year, the National Crime Information Center receives between 600 and 1,200 reports of equipment theft, with an estimated average cost of $17,400 per piece stolen.
The Commercial Line
In January 2015, President Barack Obama signed an extension of the Terrorism Risk Insurance Act (TRIA) into law, extending the program through 2020. As a result of the Terrorism Risk Insurance Reauthorization Act (TRIPRA), more than 1 million businesses that would have been at risk of losing coverage will retain it, according to the Insurance Information Institute.
Like it or not, here they come … fast By Darryl Chidsey Autonomous vehicles are no longer science fiction, and technology is quickly advancing to create vehicles that can drive themselves. The National Highway Traffic Safety Administration recently adopted the Society of Automotive Engineers’ levels for automated driving systems, ranging from complete driver control to full autonomy. Under this system, levels range from 0 to 5: Level 0 is driving the traditional way, with the driver in complete control Levels 0 to 2 are active monitoring levels, meaning that the driver is still in control, but an aspect or two […]
Something disastrous happens. Your company’s facilities are suddenly unusable. It could be days – or months – before your business can reopen. Are you prepared to cover the loss of income until you are back in business?
As technology advances, more employees are working remotely. While both employee and employer can benefit from this arrangement, managing these employees can prove a challenge.
Weather has always had an impact on businesses. Tornadoes, floods, hurricanes, lightning strikes and other natural disasters can do major damage to a business whether it’s to the property itself or the company’s reputation if business is interrupted for any period of time.
Traveling employees traditionally used taxis or rental cars to get from place to place. To pay, they used their corporate credit cards or they turned in a stack of receipts for reimbursement. But what if you could reduce the expense report hassle, saving time and expenses?
No one thinks it will happen to their business. Flood, fire, earthquakes, loss of data, violence in the workplace – those things impact other business owners, not you.
But failing to plan for a disaster can be a critical mistake – one that could put you out of business.
Electronic equipment is critical to the function of every business, but at some point, all those cell phones, computers, keyboards and other items will begin to fail or become obsolete.
While landlords know they are liable for losses associated with weather, fire and slip-and-fall injuries on their commercial and residential properties, they may not be aware of their liability for other incidents.