The COVID-19 pandemic has caused enormous economic impacts across the world. In the US, communities across the country have seen hospitals filled to capacity and local businesses shuttering. Workers are missing out on wages due to lost hours at closed businesses or mandated quarantines after coming down with or being exposed to COVID-19. Consumer spending has […]
Answers to Your COVID-19 Business Premium Coverage Questions Read More »
Cancelling Business Premium Might Cost More Than It Pays: Here’s Why The COVID-19 pandemic has caused enormous economic hardship across many segments of the U.S. economy. Businesses that involve close personal interactions like bars, restaurants and hair salons have had to cut back on capacity and even shut their doors completely based on state and local regulations.
Cancelling Business Premium Might Cost More Than It Pays: Here’s Why Read More »
Death, injury, and loss from defective products can be death sentences for businesses. Small companies can be litigated out of existence with even a single lawsuit. Even major corporations can take massive hits from product liability lawsuits. The average jury award for product liability cases in the United States in 2018 was a staggering $7.7 million. And it
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Premium costs for businesses can be expensive. It can be tempting for companies with razor-thin margins to look at the money they spend on their various premium policies as potential opportunities to cut costs. This is particularly true of the vague-sounding “general liability premium ,” often abbreviated as GLI. But companies are generally advised to
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