The Commercial Line

Business Insights to Give You a Competitive Advantage

Silicon Valley – Where Tech Meets . . . Insurance? Apple, Google, Facebook. When you think of these companies we doubt insurance pops into your mind. But in Silicon Valley, insurance is undergoing, let’s call it a “makeover”. An organization called Plug and Play has an insurance vertical program connecting startups from around the world to companies and investors. So what is coming out of these connections which could impact your life in the near future? Heard of Airbnb or Lyft? Most of us are utilizing these sharing services for travel and transport but what happens if there is an […]

How to Prevent Utility Line Damage: What is 811?

Whether you’re a business owner installing lawn signage or digging in your own backyard, you never know what lies beneath the surface. Tasks such as landscaping, structure installation or any other project that requires digging can easily interfere with a utility line that lies underground. The tricky part is that oftentimes these lines are not marked, leaving residents and building owners guessing where they can dig. The good news is even with underground utility lines, you can still complete your digging project by calling 811 to learn where, exactly, lines are on your property.   What Are Your Risks When […]

Lightning Damage: How to Prepare & Protect Your Business

One strike and your business could be out. One strike of lightning, that is. Lightning can pose a serious risk for your business and employees. In fact, nearly 25 million cloud-to-ground lightning strikes occur in the United States each year, resulting in damage or fatalities. Globally, there are nearly 1.4 billion flashes of lightning per year. These powerful bolts can cause serious property damage ranging from fires to power outages, to damage to electrical systems, power lines and communication systems. Before your business becomes another statistic, learn what you can do to protect your property, employees and assets from the […]

Storm Dangers: More Than Just Wind and Flood

During a catastrophe, high winds and floods aren’t the only storm dangers to watch out for. Customers can quickly become victims of fraud schemes that could leave them, once again, victimized. Be On the Lookout – Fraudulent Contractors One of the toughest things to find following a catastrophe is a contractor; there just aren’t enough of them to do the work.  This is where disaster fraud can occur; the lack of available contractors gives rise to dishonest, fraudulent impostors.  Types of Fraudulent Contractors The Door-to-Door Salesman: This contractor makes cold calls soon after the storm. The Magician: This contractor disappears […]

Workplace Safety for Part-Time Student Employees

A staggering 70 percent of undergrads set aside time to work during the school year, and with good reason. With living expenses and tuition bills to foot, students can use the extra money and are often eager to accept temporary jobs. Businesses near campuses, like restaurants, fitness centers, tutoring facilities, or retail stores actively recruit college students for part-time jobs. Why? Because students are an ideal fit for part-time employment, especially for seasonal positions that offer minimal and flexible hours.  Regardless of their age or number of shifts worked, student employees are still the responsibility of their managers. Should something […]

Hurricane Irma: Preparedness is Key

Hurricane Harvey has been a stern reminder the devastation hurricanes can leave behind.  Now, with Irma threatening, there’s a small, yet crucial, window of opportunity to prepare and mitigate damage. Protect Your Property Due to the financial magnitude of loss and time spent on repairs, 25 percent of businesses do not reopen following a major disaster according to Claims Journal.  Protecting your property goes a long way to securing what is inside. Trim or remove damaged trees and limbs on your property. Secure loose gutters and unclog as necessary. Lock storm shutters. If you do not own shutters, purchase plywood […]

Employees’ use of personal vehicles at work

It’s not uncommon for employers to require employees to drive their personal vehicles to conduct company business, whether it’s calling on clients or running to the post office. But what if they cause an accident and injure someone while on the job – or even headed to or from work? What is your company’s responsibility?
You could be liable for damages not covered by the employee’s personal policy.

How to control your business risk

As the owner of a small to mid-sized business, you may believe your risks are limited – that only large companies need to be concerned about addressing potential risk. But businesses of every size face risks, and failing to identify and control them could put your business at serious risk.

Theft of contractors’ equipment

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 new TRIA renewal: What it means to carriers and customers

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.

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