Lower your Risk by Tightening up your Hiring Processing

Written By Charlotte Insurance on September 3, 2015. It has 0 comments.

If you’ve owned a business for more than a few minutes, you’ve had employees that cause problems, upset customers, and make trouble no matter where they go or what they do. They’re a real liability until you can let them go.

Your business is only as good as your worst employee. Customers might not remember when they received good service, but they’ll remember the time something went wrong. When you’ve got an employee who causes the problems through neglect, deceit, or other wrong-doing, you’ve got a risk on your hands.

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Will Younger Truckers Equal Higher Insurance Costs?

Written By Charlotte Insurance on August 27, 2015. It has 0 comments.

In 48 states across the country, someone who is 18 years old can receive their commercial drivers license (CDL), assuming that they can past the required tests. Garbage trucks, 18-wheelers, delivery trucks, you name it, they could all potentially have an 18 year old behind the wheel.

What a driver that young cannot do is cross state lines. Drivers must be at least 21 to be an interstate trucker. That is, unless a recently added provision in the six-year highway bill currently being proposed passes into law.

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Drone Insurance is Becoming a Reality

Written By Charlotte Insurance on August 20, 2015. It has 0 comments.

Just a few years ago, drones were solely associated with the military, but now an enterprising business owner or a gadget-loving homeowner can own their very own drone.

For business applications, the possibilities vary. Real estate, film, agriculture, photography, public safety, marketing, shipping – the list of current uses already in place is long. As time goes on, people will find more ways to incorporate the use of drones into their businesses.

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Lower your Risk by Keeping Policy and Procedure Documents Up-to-Date

Written By Charlotte Insurance on July 22, 2015. It has 0 comments.

Operating any business comes with a certain amount of risk and reward. Working with people of any age, especially those who need medical services, increases both the risks and the rewards.

The biggest reward is knowing that you’ve helped someone. The biggest risk is often from injury-causing accidents.

You didn’t go into the business of helping the elderly to cause any harm. The opposite is true. Whether it’s a nursing home, an assisted living facility, or even a retirement community, you opened your doors to help our aging population.

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For Hotels, More Amenities Equals More Risk

Written By Charlotte Insurance on July 6, 2015. It has 0 comments.

In 2015, over $300 billion is expected to be spent on global business travel. That number doesn’t factor in what vacation travelers spend. To cash in on all that spending, hotels that want to stay competitive must offer at least a few amenities.

With added hotel amenities comes more risk to your business. Whether you already have all the amenities you want for your hotel, or you’re thinking of adding more, you’ll want to make sure you have the right insurance coverage when something happens. And something will always happen.

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Why Contractors Need a Charlotte Builder’s Risk Insurance Policy

Written By Charlotte Insurance on June 30, 2015. It has 0 comments.

You spent countless hours preparing a bid, answering the client’s questions, and understanding their specifications. Beating out dozens of other major construction companies, you were awarded the job. It’s the biggest you’ve ever won. Now you’re hiring new people, finding new subcontractors, and looking forward to adding this project to your list of satisfied clients.

Then disaster strikes. A fire takes out most of the job site. The job is on hold indefinitely as the cause of the fire is investigated. Your clients have determined they don’t have the money to start over.

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What Type of Insurance Does your Church or House of Worship Need?

Written By Charlotte Insurance on May 18, 2015. It has 0 comments.

You may not think of your church or house of worship as a business entity. Why would you? You help worshipers get in touch with their spirituality. You counsel the downtrodden and visit the sick. Your church nursery is filled with precious children who may grow up to join the church as adults. You work with people. Why would you need a special type of insurance?

The fact of the matter is that churches often function as much more than places of worship. Your church may also be a day care, preschool, meeting location, counseling center, and more. Even though your intent is to take care of your community, you still have the same worries and concerns as any other business: damage, theft, destruction, and, unfortunately, potential lawsuits.

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Charlotte Commercial Truck Insurance for Owner Operators

Written By Charlotte Insurance on April 15, 2015. It has 0 comments.

The open road, independence on the job, and a second home on 18 wheels – the life of a trucking owner operator isn’t always easy, but for many, it’s worth it. You are your own business, and if something happens to you or your truck, you’re out of work and out of money. Protect yourself, your family, and your business by making sure that you have the right kind of insurance for your truck, your trailer, and you.

TYPES OF INSURANCE COVERAGE FOR OWNER OPERATORS

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Common Types of Insurance Fraud

Written By Charlotte Insurance on April 10, 2015. It has 0 comments.

While average people are often perfectly honest and would never think to commit fraud against anyone, there are plenty of people who are not. Insurance fraud may seem harmless enough, but when schemers are paid money they’re not due, the result is higher premiums for everyone. Insurance fraud is expensive and illegal. Honest, law-abiding citizens are encouraged to report insurance fraud when you see it. Take a look at these common types of insurance fraud so you know what it looks like.

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Workers Compensation Ghost Policies

Written By Charlotte Insurance on April 7, 2015. It has 0 comments.

Inexpensive Charlotte workers compensation insurance coverage sounds like a dream, doesn’t it? For small business owners with no employees, who are typically exempt from workers compensation, it can be a lifesaver – or at the very least, a business-saver.

Ghost policies are a type of workers comp coverage that satisfies mandated requirements for single proprietors or self-employed business owners. When a job requires coverage but you are exempt from needing workers compensation, ghost policies step in to fill the gap at a lower cost. The only thing ghost policies do is fill a requirement for a company or government entity that might be hiring contractors. They don’t provide any actual coverage.

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