This type of insurance policy is tailored made for small-to-mid-size businesses, and excellent for those operating home-based business or operates in more than one location. Business Owner’s Policy covers a broader scale than the in-home business policy. In-home business policy, Business property and equipment, loss of income, extra expense and liability are covered by In-home business policy.
Have you ever asked yourself if you really business really needs an insurance? The answer is YES.
The problem with small to medium sized businesses is that they don’t usually realize the benefits of having coverage and protection from unanticipated events or factor that can actually lead to the closure of the business due to failure. A business owner only realizes the need when big unfortunate events that leads to instability and disarray happens within the organization. This unpleasant event usually ends with bankruptcy. A business insurance gives you an assurance that you will have enough leverage to save your company in case these types of problems arises.
by: Christine Zafra
Whether due to negligence on the part of the victim or the faulty equipment in the construction site, one fact remains: the victim died on his/her workplace.
Now, leading New York construction accident lawyer David Perecman is becoming worried about the worsening conditions of construction sites where a lot of workers sacrifice their lives for work’s sake. According to New York Times, a total of 10 deaths already happened for the past 3 months in the year 2008. One building already received 25 building code violations but the authorities weren’t able to do anything about it.
Now the question is this: is greed really a priority over safety?
Photo taken from http://www.rsc.org.uk
by: Christine Zafra
Assure UK Business Insurance is not quite making a good name in the business insurance industry. Although their prices are competitive (lower than most business insurance companies), some claim that enrolling a premium in their company is not worth it. Why? Their customer service (if they ever have one) is poor. UK Insurance Index, a website that allows customers to comment on certain services offered by insurance companies in the UK, had there posted in their official page a review of the said company. The commenter said that his/her request to cancel the premium took days (or even weeks!) and that a lot of “promised calls†were made but no calls came back from the said insurance company.
Photo taken from http://machinedesign.com
by: Christine Zafra
Ever since the 9/11 attack in the United States, many countries have been very wary about their own security. A lot of conspiracy theories were formulated since the area where the planes were spotted was a “no fly zoneâ€, but nevertheless, if it was really an attack from another country, people should now be precautious of their surroundings.
Or so we thought. Marsh, a risk management company found out that most of the businesses in London, whether large or small, are not prepared if things go the wrong way. Some proponents of Marsh say that although these small-time businesses can’t do anything to thwart future attacks, they can do some precautionary measures, through some risk management strategies, to prevent further damages.
Photo taken from http://www.bedfordhospital.nhs.uk
by: Christine Zafra
Different kinds of factory accidents nowadays happen. I have posted a previous article in this website that concerned another factory accident in Italy that killed some of their 7 workers—the said incident setting off a very disturbing fuss amongst the Italians.
Again, another one happened in Dubai.
A fireworks factory happened to explode but the source of explosion was not from the fireworks factory itself—it was from another source. The said explosives only worsened the case and almost 80 other storage rooms were turned into ashes. The estimated amount of damages was computed by Emirates Insurance Association, amounting to $150 million.
Photo taken from http://www.thesun.co.uk
by: Christine Zafra
As you prepare your usual coffee in morning to bring it to your office (or someplace else), you smell the aroma of fresh coffee beans being brewed. As you pour the liquid inside your Stanley thermos, an unfamiliar sound startled you. BANG! Suddenly, your surroundings become black.
No, it’s not that you’re injured. It’s due to the charcoal that splattered from the thermos. The 2005 edition of Stanley thermos were withdrawn in the market because of some handle issues. If the vacuum cover of the handle is broken, chances are, it’ll explode and charcoal powder will burst in the air. A family in Arkansas sued the company (since most of their belongings had black powder in/on it) and the owners of Stanley thermos were more than willing to pay and assist them for the damages.
Photo taken from http://www.cpsc.gov
by: Christine Zafra
American and British proponents of risk management have agreed to include ERM (enterprise risk management) in the credit ratings of the companies. Although ERM is included in rating banks and other financial companies, they plan to include almost all companies now with their wider coverage (both public and private). They said that it’ll have a good effect on the companies because if ever the company gets a high risk management evaluation, the higher the chances that it’ll be given a much better credit rating. Credit ratings are needed since these will determine whether the company is worth it of a hefty loan.
Photo taken from http://www.cartoonstock.com
by: Christine Zafra
An accident occurred in England 12 years ago: a worker was hit on the head with a steel (a part of a faulty apparatus) and as a result, suffered grave head injuries. The man had to undergo a lot of reparative operations (tried to aesthetically fix the damage done to his head) and other sorts of medical procedures just to make him function again. Apparently, the man got weary of the difficulties he was facing, and so, as a result, he committed suicide.
The wife felt that the company had to be liable—so she sued the corporation where her late husband had the accident. After years of battling in court, finally, the woman got her prayers answered: the highest court in England declared that the employer was indeed liable for the accident.
Photo taken from http://www.freewebs.com
by: Christine Zafra
A German-owned steel company in Italy had an accident around December of last year. The accident, caused by a fire, killed 7 employees and the Italians were angered by the lack of safety in the said company. Since then, working conditions in Italy are being criticized by the citizens. A lot of rallies had been organized after the December tragedy and major risk groups in Italy have questioned the German-owned company’s accountability to the said incident. The management of the steel plant has been continuously denying the connection of the fire with the working conditions of the workers in the plant.
Photo taken from http://www.firewebdesigns.com