Organizations that do not have a general business insurance policy, or have coverages that do not account for all aspects of the company, could face a difficult recovery.
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Organizations that do not have a general business insurance policy, or have coverages that do not account for all aspects of the company, could face a difficult recovery.
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Small to medium-sized business owners need the right policies to give their companies a chance to undergo a quick recovery should any unexpected events occur.
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Running a company is not necessarily always riddled with mishaps and unforeseen events, but assuming that nothing will ever happen can be extremely costly in the long-run.
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With construction showing positive growth, it is a perfect time for contractors to review their current insurance policies.
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As a California business owner, you might not realize how important electricity can be for daily operations, or at the very least, you might not know what longstanding outages can cost your company.
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There is nothing wrong with enjoying the laid back feel June and July bring, but before company leaders become too relaxed, reviewing their current general business insurance policies is a wise move.
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Whether a cyber criminal hacks into the computer system or an employee knowingly exposes sensitive company data, any type of data breach can be devastating to a business.
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The Bureau of Labor Statistics released its May jobs report, showing that the unemployment rate rose to 7.6 percent and 175,000 jobs were added.
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Recent research shows that cloud computing has become an exceedingly common business trend, and experts believe that companies must shift their focus to providing the right security for their company.
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For individual contractors, landscaping companies or even smaller construction firms, this could be a very profitable time. But with all of that traveling, moving from one location to the next, it is essential that your property remain protected.
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Whether an entrepreneur is experienced or fresh out of college, there are several factors to consider to ensure that the business has short- and long-term success.
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Smaller firms that are operated out of an owner’s home cannot be fully reliant on a standard homeowner’s policy.
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However many firewalls and password protections are put in place, small to medium-sized business owners must take a few extra steps to keep their organization safe.
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Without the right California business insurance, any companies that experience a wildfire could be facing a long and expensive recovery process.
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As a Nevada business owner, it does not matter what industry your company is centered. Not having the right insurance policy—or set of policies—could be extremely detrimental in the long-run.
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California business owners have many things to consider when they first open their doors. However, one question that might not be asked enough has to do with insurance.
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Should an unexpected event happen, and you do not have a comprehensive Arizona business insurance policy, the recovery process could be expensive and devastating in of itself.
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While not every small to medium-sized business needs to prepare for a tornado, owners should find a comprehensive commercial property insurance that accounts for severe weather.
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According to a survey, 70 percent of small businesses don’t consider themselves at risk for experiencing a disaster similar to Hurricane Sandy.
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No matter how small or niche a business might be, there is a business insurance policy – or set of policies – that can protect the company through numerous situations.
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With the economy slowly working its way back to full strength, company leaders should not have to worry about how severe weather, vandalism or even a car accident involving a commercial vehicle could affect them.
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The Washington State Administrative Office of the Courts suffered a data breach, and as many as 160,000 Social Security numbers could have been accessed.
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As a Nevada business owner, you might not have to worry about hurricanes for severe weather, but it is important to take note of how unexpected events can affect your company.
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Things like severe weather or vandalism cannot be controlled, but managers can control their insurance policies. Without the right coverages, a recovery process could be exceedingly expensive and be more time consuming.
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For small to medium-sized business owners in Arizona, it can be a small – yet costly – mistake to not have updated insurance.
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How can an entrepreneur guarantee that his or her great idea will be able to not only become a reality, but become a stable business?
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While some owners might question whether they actually need certain things like commercial property insurance, it is better to take the time and find the right policies than deal with the repercussions of inadequate coverage later.
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Working with commercial insurance specialists who specialize in various forms of California business insurance policies is well-advised.
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By Leila Banijamali One of the popular recurring themes we have seen among our brilliant startup clients is that success is not about ideas, it’s about making ideas happen. It’s about planning how to make things happen and being determined …
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Jessica Isaacs was ready to open her own bakery, but then Hurricane Sandy struck and changed everything.
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If recent events are any indication, all types of organizations could fall prey to an online attack, and the recovery process could be expensive and time-consuming.
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May is National Small Business Month, which is as good of a time as any for company leaders to take a look at their organization and make sure everything is in working order.
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An important thing to remember is that when building a company up from scratch, having the right insurance policies in place are necessary for long-term success.
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As small and medium-sized enterprises become more reliant on computer systems and mobile devices, it is crucial for company leaders to remain diligent in updating security systems.
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Without the right policy, or combination of policies, the recent optimism being seen by business owners could once again fall flat.
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As many startups are run through an individual’s home, assuming that homeowner’s insurance is enough is not well-advised.
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If you take care to have the most recent cell phone, why would you not have the same forethought when it comes to keeping your company safe?
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Company heads need to have a protection plan in place that can help in the recovery process, should a cyber criminal break through or if there is a security breach.
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No two businesses are identical, which is why working with commercial insurance specialists is a wise move for many owners.
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According to the Small Business Owner Optimism Index from the National Federal of Independent Business, small business owners are less confident than they were last month in terms of economic recovery.
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A recent study, the 2013 Global Entrepreneurship Monitor, said that more than one-quarter of workers 65 or older are planning to start a business in the next three years.
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Karen Mills, administrator of the U.S. Small Business Administration (SBA), explained how important small companies are to the overall success of the American economy.
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Even with some startup success, businesses need to have the right protections in place, otherwise one setback could force owners to shut their doors.
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The tax deadline is quickly approaching and individuals as well as business owners must ensure that they have all necessary paperwork on hand so filing can be as simple as possible.
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What do you need to do as a small business owner to guarantee that your company is properly insured?
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According to the the March NFIB Index of Small Business Optimism, sales expectations dropped, along with owners’ plans for investing in inventory and labor market indicators.
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Neighborhoods evolve, which could affect other insurance coverages. Without keeping policies up-to-date, should unforeseen events take place, the recovery could be long and expensive for owners.
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Small and medium-sized company owners might wonder what exactly qualifies them for needing business insurance. Just having an organization open for customers makes them qualified.
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Small and medium-sized business owners can see their company’s normal routine affected by numerous events. Some of them are expected, but others will be unforeseen. The important thing to remember though is that it is never a hindrance to be overprepared.
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No business owner opens up shop with the expectation that it one day might close. Why then, would a company head not prepare for scenarios that could force it to shut down?
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When owners are trying to fine-tune their unique organization, it is important to not neglect an insurance policy that caters to the business’ daily operations – regardless of what that entails.
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Many large corporations have adopted bring-your-own-device (BYOD) policies, to account for employees transporting information to and from the office. However, such security measures should not be forgotten by any business, regardless of its size.
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A recent study found that the average cost of a data breach is $6.75 million total and $214 per compromised customer record.
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Working with commercial insurance specialists can help companies in numerous industries remain up-to-date and covered for everyday occurrences as well as the unexpected.
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Some businesses are seasonal, or will see higher revenue during certain parts of the year. What happens if severe weather strikes? Or if a cyber criminal hacks into the computer system?
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When a strong technology insurance policy is paired with other cyber security measures, small and medium-sized businesses are lessening their chances of encountering an expensive data breach and recovery period.
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No business owner ever expects to temporarily or permanently close due to unforeseen circumstances. However, nearly every company head expects to have a quick recovery should anything from a natural disaster to vandalism occur to their store front.
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According to data from the Census Bureau’s Business Dynamics Statistics, the five-year survival rate for a retail-based business is 41.1 percent, while construction is just 36.4 percent.
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Without the right technology insurance in place, businesses could be facing an expensive recovery process.
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A recent survey by The Hartford found that businesses impacted by Hurricane Sandy took an average of seven days to reopen, primarily because of connectivity and power issues.
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If a driver is making a delivery or simply going on a run for a manager, it is important to have comprehensive coverage that accounts for business needs.
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The digital age is in full force, and it is important for small and medium-sized businesses (SMBs) to have necessary precautions in place to keep their data, and customers’ information, safe.
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Insurance policies are often thought of as things that are never necessary until you don’t have it. Whether or not this is true, it is not a healthy mindset for small to medium-sized business owners to have.
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The same way that businesses need to occasionally adjust marketing techniques, in order to meet the changing needs of their customers, insurance coverage might need to be adjusted over time.
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While Florida braces for hurricanes, the Midwest has to buckle down for tornado season. However, for small- to medium-sized business owners, simply having an idea of what might come their way is not the same as actually preparing for it.
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With so many organizations becoming reliant on mobile devices and cloud technology, cyber criminals are also becoming more common. One small instance of lost consumer data could cause a business thousands of dollars in a cleanup process.
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As new products, technologies or partners are added, privacy policies should be adjusted accordingly. Additionally, new laws and data collection practices arise all the time – business owners must keep abreast of such opportunities.
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Homes, personal cars and even one’s own life are often realized to be what they are – important assets and acquisitions. Tools are the same for those who use them on a daily basis.
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Taxes, booth design and setup, product guarantees and wholesale distributors have all been covered. However, what about your insurance?
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A youth gymnastics center is not a typical business. However, even unique organizations are susceptible to unforeseen events.
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Sticking to the basics is not always enough, especially when it comes to finding comprehensive coverage plans that can account for every nook and cranny of a business and keep companies protected against the unexpected.
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Just because organizations like The Wall Street Journal and Burger King make headlines when cyber criminals breach their systems does not mean that smaller companies can have lax security settings in place.
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Business owners cannot think, “it will never happen to me” or “something small will not affect my company.” They need to dissect daily operations in order to figure out the intricacies that must be accounted for should an unexpected event occur.
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Location-specific issues are crucial to any organization. According to a new report by Lloyd’s of London long-term average tornado losses are on par with that of hurricanes – further proof that owners must account for the area in which they are based.
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Companies that have not experienced severe weather might not understand the importance of insurance policies that can account for damages that follow a storm. The cleanup process can be expensive and long-lasting, and without taking the right precautions, business owners might be stuck with the bill when it comes to making repairs.
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How necessary is workers’ compensation insurance? In many states, it is required for businesses to have some policy in place. While some companies may feel this is a superfluous protection, only meant for clumsy workers, there are far more issues at hand.
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The same way that business were affected by Hurricane Sandy or Winter Storm Nemo, owners on a lease could greatly suffer from natural disasters. What if an earthquake rips through a California town where your business is set up? What if you didn’t invest in any type of California business insurance because you were sure it wasn’t necessary?
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Depending on the location of an organization, the specifics of such insurance policies can differ. Partnering with commercial insurance specialists can help owners find coverage that meets state standards and keeps employees confident that their employers are willing to invest in them.
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Natural disasters can wreak havoc for a number of businesses. This blog has previously discussed Hurricanes Irene and Sandy as well as Winter Storm Nemo. Repair crews were tasked with ensuring that residents and companies were able to receive power. This is one example of a dangerous job that could benefit from a comprehensive policy.
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According to a press release, nearly one in ten companies failed to carry the required workers’ compensation insurance. Specifically, 70 citations were issued to construction companies and other businesses.
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Reports have Sandy as being the third-largest disaster in the United States, behind Hurricane Katrina in 2005 and the 1994 Northridge (California) earthquake. So far, the SBA has approved more than $1.1 billion in disaster loans for East Coast business owners, homeowners and renters.
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When designing a business plan, owners must also account for commercial property insurance. A structure could seem fine on the outside, but damages from flooding and burst pipes can be far-reaching, and could be more expensive than originally anticipated.
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With sensitive information being stored on smartphones, tablets or laptops, companies run the risk of a security breach should an employee lose the device. Pairing with commercial insurance specialists can help businesses of all sizes find the right policy for their facility.
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Companies that are dependent on travel would benefit from commercial auto insurance. Should any damages occur to a vehicle while in transit, standard automobile policies will not cover a car or truck while it is being used for business operations.
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In addition to comprehensive and far-reaching security measures – strong passwords, encryption codes, anti-virus software – business owners should also prepare their companies for any possible aftermath, should hackers still cause a data breach. This is where technology insurance can come into effect.
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Companies in the construction industry will want to take full advantage of new opportunities, and as such, it’s crucial to take necessary precautions. For example, business owners would be well-advised to work with commercial insurance specialists, to help them find a comprehensive contractor’s policy in place.
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Advantage Health Physician Network terminated a worker’s employment after photos surfaced of her on Facebook, which the organization found to be in contradiction with her FMLA claims.
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The U.S. Department of Energy admitted that hackers breached 14 of its servers and 20 workstations two weeks ago. While the organization said that “no classified data was compromised,” it added that personal information belonging to several hundred employees was taken.
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For organizations in California that are either undergoing renovations, or are beginning to build a business, it’s important for company decision-makers to have everything properly insured throughout the entire process.
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Companies are well-advised to ensure that they have a comprehensive technology insurance policy in place. That way, should any security threats occur, the organization has the necessary means to make a quick and fully recovery.
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With more businesses relying on computer systems – and cloud computing – there is a larger risk for data breaches. Without a comprehensive technology insurance policy, firms could pay the price if cyber criminals break through their system.
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While different states might have varying definitions for workers’ compensation, it’s important for business owners to ensure that they have such insurance policies in place. That way, their company is protected against possible legal action.
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When it comes to businesses and non-profit organizations, the SBA may loan up to $2 million to repair or replace storm-damaged property.
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The Utah Department of Health is facing scrutiny for experiencing a data breach. According to a UDOH statement, an employee of an outside contractor lost an unencrypted USB memory stick containing personal information for 6,000 Medicaid clients.
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The fish hatchery located in Bethel, Vermont, suffered extensive damages during Tropical Storm Irene. Without funding from the Fish and Wildlife Service, it could have taken up to five years to fully repair the organization.
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Mandalay Bay President Chuck Bowling recently spoke with Vegas Inc. to discuss the changes happening to his hotels and venues and why they’re going to continue to keep the businesses competitive.
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It’s important for businesses that have access to sensitive information to keep themselves protected against possible illegal actions by employees. Whether a device is stolen or information is hacked, data breaches can be extremely detrimental to companies across all industries.
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When companies decide to break ground, it's important for business owners to keep many factors in the forefront of their minds. Having a comprehensive California contractors insurance policy is important for organizations building new structures.
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According to the Huffington Post, animal shelters are facing thousands of dollars in losses and are banding together to help one another out. Many are still in need of assistance, such as funding, supplies and volunteers.
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According to a Washington State Department of Labor and Industries news release, a Spokane man is being charged with workers compensation fraud after operating his own business after claiming a workplace injury.
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Health IT Security said that now, 56,000 patients from Norfolk, Virginia-based Sentara Healthcare have been notified of the breach, as well as 8,500 patients in the South Jersey Healthcare system.
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Not only is it necessary to have a comprehensive commercial insurance policy in place for when the firm is up-and-running, it’s important to keep employees protected throughout the expansion process as well.
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The Hutterische Church Society specialize in agricultural work, but have expanded into construction, which raised complaints from businesses saying that they could not competitively bid against the group.
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As reported by the Reno Gazette-Journal, a group of developers will begin their plans to remake the former post office into an upscale retail center early next year. Additionally, the upstairs offices will be transformed into modern businesses.
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According to the Arizona Daily Star, the closed Tucson location had a two-alarm fire that may have caused damage to surrounding companies that are still open for business.
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The Met Cinema, located in Oakhurst, continued to run print films – along with hundreds of other venues across the country. However, many of those companies have been forced to close over the years, as the trend has switched to theaters using digital distribution.
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As reported by the Los Angeles Times, a woman filed a lawsuit after suffering a broken wrist while riding a bumper car at the Great America amusement park in Northern California.
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The Verizon Data Breach Investigations Report (DBIR) found that the most likely threats for the next year involve more tried-and-true vectors, such as authentication attacks and failures.
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As the region continues to rebuild, businesses in areas similarly prone to natural disasters should not overlook the lessons Sandy provided to them.
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Many of these fears are unfounded, because a strong cyber security plan should be just as effective when IT security professionals are not actively monitoring systems as it is when they are.
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Owner Janis Hood applied for a historical monument designation for the stand last year, which she said, caused her landlord to increase rent by 50 percent and has refused to renew her lease since December of last year.
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In early October, Nationwide Mutual Insurance, and its subsidiary Allied Insurance, suffered a security breach when hackers broke through their computer system. An estimated 1.1 million individuals were affected, including non-customers who had sought insurance quotations.
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Not having commercial property insurance in place could make it more difficult for an organization to resume normal operations after bad weather.
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According to a Property Casualty 360 article, companies should guarantee that they have an insurance policy that is all-inclusive for unexpected events as well as day-to-day functions.
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During November’s Professional Liability Underwriting Society Conference in Chicago, 105 insurance professionals were surveyed. According to the results, 58 percent say they expect to see an increase in requests for media-liability policies to mitigate social-media risk.
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With changes in data storage and accessibility, the risks of security breaches are also changing, and businesses need to keep themselves protected against possible liability.
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Company decision-makers would be wise to partner with commercial insurance specialists to ensure that their organization is fully covered for a variety of events.
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During Macy’s annual Thanksgiving Day parade, some of the shredded papers thrown as confetti turned out to be filled with the names and Social Security numbers of New York police officers from the Nassau County Police Department.
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The same way that individuals were affected from dust and mold after the September 11 attacks in 2001, some officials fear Sandy cleanup crews could suffer similar fates.
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After being unable to return to Merivic and not finding work elsewhere, Enrique Gutierrez filed for worker’s compensation. An arbitration hearing determined that he had suffered a 100 percent total loss of his earning capacity as a result of the work injury.
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The livelihoods of more than 40,000 employees in 12 casinos, plus hospitality industry workers at businesses catering to the tourism industry, all depend on a strong visitor base
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Commercial property insurance is a necessity for all kinds of businesses. Situations – like Mother Nature’s wrath – can be highly unpredictable. It’s beneficial to be fully prepared for a number of different outcomes.
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Millions of dollars in repair costs – or cleanup from fraudulent transactions – could severely hinder a technology company’s daily operations and harm its long-term outlook.
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Construction sites pose a number of risks for laborers, who expose themselves to falls, electrical accidents and heavy machinery malfunctions, just to name a few. It's important for contractors to keep this in mind as they prepare for a job. …
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This month we address a subject you really need to know more about. If you are an employer and have employees that drive their cars while on company time, please read on. Employees routinely use their own vehicles in their …
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