Insurance Insights

As a business owner, it is your responsibility to protect your business from every possible risk exposure. While you may have thought about protection against litigation, employee dishonesty, vandalism, theft, and damage caused from unexpected events, there is more to consider. Your business relies on a network for communications, business-related data and a variety of other important files. It is crucial that you protect your business from possible network failures, outages, and virus activity. Obtaining a business insurance policy that includes network protection will provide you with financial security and peace of mind knowing every aspect of your business is secure.

Owning and operating your own business means that it often falls on your shoulders to think of everything:  from hiring employees to getting the right kind of business insurance. One thing you may have not considered is having a backup generator. While it may seem uncommon to have the power go out in your building, it does happen, and you can suffer significant loss if it occurs. When the power goes out, your business operations will halt until it is restored. If the power is out for an extended period of time, your business income continues to suffer, sometimes until it has made a severe impact on your assets. The importance of purchasing a backup generator for your business is something that should be considered as part of your overall disaster preparedness.
Reasons to Purchase a Backup Generator

A detailing shop offers detail work for vehicles, such as washing, vacuuming, polishing, and some other more specific detailing jobs requested by the customer. When you own a detailing shop, you are responsible for the customer’s vehicle while it is in your possession. If a customer has asked for more time-consuming jobs, you might even store the vehicle, which is a larger risk to you. With all of the risks associated with operating a detailing shop, detailing shop insurance should be considered. Business insurance is always important, and as a business owner you should choose wisely in order to cover any and all expected risks.
Types of Detailing Shop Insurance
It can be tempting to choose just one type of business insurance for your detailing shop, but there are several to consider. You should take into account all of the risks you may be exposed to, and cover each of them for the most comprehensive coverage.
Detailing Shop Business Owners Policy
A business owner’s policy is a type of business insurance that is customizable. You will actually decide what risks should be covered in your business owner’s policy, based on the risks you feel are most probable for you and your detailing shop business. It often includes general liability insurance along with other coverages such as more comprehensive property damage and legal costs, all in one policy. If you feel your detailing shop is at risk of damaging your customer’s property, this is something that should be included in the business owner’s policy.
Detailing Shop General Liability Insurance

If you own and operate a business that frequently does business across state borders, then you need a special foreign qualification. This includes having a bank account in another state, selling products through a distributor or sales rep in another state, having company offices in another state, and owning business property in that state. Applying for foreign qualification is mandatory in the United States and is not optional. You should get your foreign qualification when conducting business of any sort out-of-state to avoid fines and penalties, back tax liabilities, and other legal ramifications.

An attorney office handles a bevy of claims and lawsuits for clients. As an attorney, you represent an array of clients who come to you for legal advice, to help them out of a difficult situation, or to sue another party. To run a successful attorney office, you must have licensed and knowledgeable attorneys and know every aspect of the law. Unfortunately, this type of business also opens you up to a wide range of risks. As someone offering legal advice and representing others, you can in turn get into legal trouble in the process, along with risks associated with your office such as potential property damage, theft of clients’ personal files, and various legal ramifications. Protect these risks by purchasing attorney office insurance.
Attorney Office General Liability Insurance

Any time you start a business endeavor, you expose yourself and your business to risks. In order to determine how to handle the risks associated with your business, you should first identify and quantify them. Quantifying small business risks is about identifying the risk and coming up with the best way to measure the expected risk. In order to improve the success of your business without fault, you should not only quantify your risks, but manage your risks. This process begins with being in the know as far as the types of business risks.

The worst of the economic crisis may be over, but the current economy continues to struggle as it tries to pick up the pieces. Small businesses, in particular, are having difficulty staying afloat and avoiding closing down. If you own and operate a small business, this can be devastating for you after having spent so much time, money, and energy on building up a business you’re passionate about. While you can’t avoid some things, you can work to improve the success and vitality of your small business with the following tips.

Having a mobile pet grooming business is beneficial to both you and your customers; you are able to run a profitable business, while your customers benefit from you visiting their homes to groom their pets. Mobile pet groomers perform all of the necessary grooming services a traditional groomer does, including bathing, trimming, and cutting nails, but in their van in front of the customer’s business or residence. If you have chosen this profession because of your love for animals, you may find it not only profitable, but rewarding. However, there are risks you should be aware of. As a pet groomer, you risk causing harm to the animal from the tools you use, along with risks of being a mobile business and other liabilities. Protect these risk exposures by purchasing a mobile pet grooming insurance policy meant to offer this type of business coverage.
Types of Mobile Pet Grooming Insurance

If you travel for business on a regular basis, you may be concerned with losing your belongings, primarily your mobile device. Since mobile devices are small and easy to carry around, they can also be easy to lose. You’ll commonly place them on the seat next to you, on the counter or a nearby table, and completely forget their existence until you have already boarded or gotten off the plane. In fact, during a 2010 study, Credant Technologiesfound that more than 8,000 mobile devices were left behind in US airports. When you leave behind your mobile devices, you’re not only risking the money to replace them, but a host of security risks if someone dishonest finds your device.

Research consultants are responsible for conducting research that is targeted to a specific subject, and following their completed research, compiling it into a detailed report. As specialists in their respective fields, clients are commonly in the scientific field, but may also be found in engineering firms, government associations, or other types of industries.  Research consultants have a passion for what they do, but should also be aware of certain risks and how to protect them. Risk exposures for this type of occupation include property damage for certain research projects, injury to your employees or clients as a result of accidents, professional mistakes, and a variety of other liabilities. Protect your risks with proper research consultant insurance.
Types of Research Consultant Insurance