By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Proper building valuation is a common concern for agents and their insureds. Proper valuation is important both when issuing the policy to determine the correct premium for the exposure, and at the time of the loss so there is enough coverage to restore the property to its… Read more »
Author: Chris Gonzalez
Some Cash Flow Management Tips For Small Businesses
Cash flow management questions keep cropping up for small businesses. It’s a fact of life that many small businesses fail to keep enough cash reserves. This hurts them when it comes to dealing with emergencies and unanticipated problems. Many small businesses also do not pay much heed to cash flow projections. Due to this lack… Read more »
A Roof Over Your Head
By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Having a roof over your head is one of life’s basic necessities. While essential, a roof can also be the cause of claims and problems. The roof is often the first defense against the elements, and a key to the structural integrity of the entire building. Regular… Read more »
A Liability Insurance Primer for Small Businesses
Small businesses often tend to ignore the need for insurance due to the associated cost of insurance or a misleading belief in the low probability of major risks impacting their organizations. However, this misplaced confidence can have catastrophic repercussions for small businesses. It is essential to cover and protect all business assets with the appropriate… Read more »
What Commercial Building Owners must look for in their Insurance Providers?
Various internal and external sources of risks can cause significant damage to business operations. One significant investment businesses incur is real estate. The office or other buildings that are key to business operations have a large share of sunk investments. In businesses like real estate or property development, the commercial building itself is the business!… Read more »
What Tech Start-ups must know about Insurance?
The United States is the largest tech market globally with presumed market size of $1.6 Trillion in 2019. Disruption is a fact of life here and startups come and go at a dizzying pace. In fact, the industry has the highest failure rate too, estimated at 63% in 2018. So, for those looking to enter… Read more »
Insurance Considerations to Focus On In Light Of The Recent Winter Storms
The images linger in our memory of the streets of Dallas covered in snow after a raging winter storm slammed the city. Images of snowed-in shops and stark-white streets filled the news only a few weeks ago. Reports say that this year’s winter storm could be the most expensive weather event in all of Texan… Read more »
What Amazon’s Small Merchants Must Know About Insurance
Are you looking to become a professional merchant on Amazon? Then you’ll need insurance. This may come as a surprise to many but Amazon requires their sellers – big or small – to have product liability insurance. With so many cases of faulty products leading to expensive lawsuits for Amazon – can anyone blame them?… Read more »
Why Small Businesses Avoid The Insurance Question (But Shouldn’t)
What is the first thing that comes to your mind when you think about business insurance? For many small business owners, it may well be – ‘Later’. But this particular word is the root cause of most problems. A survey reveals that about 75% of US businesses are 40% underinsured. While the main reason is concern about… Read more »
The Workers’ Compensation Questions Small Businesses Must Answer
Did you know that in 2019 alone, there were 888,220 nonfatal injuries and illnesses in private industry occupations? This figure doesn’t include workplace fatalities. Situations like these are deeply traumatic; for both the company and employees. They can also prove to be very expensive –financially and in terms of goodwill. This is why companies have… Read more »