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Protect yourselves and your customers with technology insurance

Even with the best intentions, mistakes can happen, and it is important for businesses of all sizes to be prepared. Not only can a comprehensive business policy protect company owners, it can also protect their customers. 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.In a ...
March 11, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Invest in tool insurance now to avoid problems later

Apprenticeships are not thought of as being common in today's business world. However, for certain trades, they are still very useful. Carpenters and builders, individuals who are constantly working with their hands and often have expensive - and sometimes niche - tools will still take the time to train new workers.One question that could arise though, is whether or not tool insurance is still a necessity. The answer is yes. Whether an individual is an ...
March 7, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Gymnastics center finds strength after tornado devastates town

Paul Comstedt, Kip Johnson and Derek Hammeke are co-owners of Amplify Gymnastics, a youth-centered facility in Joplin, Mississippi. Comstedt explained to FOX Business that while he had never anticipated that gymnastics would be his career, he eventually realized that the power of the mentor relationships that develop between children and coaches was something he wanted to help flourish.Another unexpected event though was the tornado that ripped through Joplin in 2011. According to Comstedt, one month ...
March 5, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Small businesses have more difficulty recovering after natural disasters

This blog has previously underlined the importance of business owners taking the time to conduct thorough risk assessments and find comprehensive insurance policies. Smaller companies must take extreme care in this process, as unexpected events can prove to be very costly.A recent survey from Alibaba, Vendio and Auctiva showed that 74 percent of small business owners have not created a disaster recovery plan, even after Hurricane Sandy and Winter Storm Nemo. Furthermore, the Red ...
February 28, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Why does my business' location matter for insurance?

Location might be crucial for real estate, but it is just as important for business owners across numerous industries. Insurance policies can be catered to account for intricacies of a company that are not always immediately considered.California-based companies know that they will not be affected the same ways as New York businesses when it comes to hurricanes. However, location-specific issues are crucial to any organization. According to a new report by Lloyd's of London, ...
February 27, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Avoid overly expensive clean-up costs with comprehensive insurance

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.However, commercial insurance specialists can help organization heads find the right policies that meet the needs of their firm's location. Without commercial property insurance ...
February 26, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Things to keep in mind if you're renting your business' space

The same way that individuals who lease an apartment are advised to invest in renters' insurance, business owners who rent their organization's location should follow suit. Criminals can rob a rented brick and mortar location just as easily as one that is paid for. Severe weather does not care if a store was bought by its owner or if they are paying on a monthly basis.Commercial insurance specialists can be of great assistance to ...
February 21, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Business owners need to keep themselves educated on workers' compensation laws

Employees are what make business possible for companies across all industries. Without workers, daily operations would be difficult for just managers or organization owners to complete.It is important for business leaders to keep this in mind when trying to put together a complete business plan. Workers want to be able to rest assured that when they are employed by a company that their present and futures are taken care of. This is where workers' ...
February 20, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Florida issues 70 citations for workers' compensation violations

While workers' compensation varies from state-to-state, it is still crucial for companies across all industries to be aware of their location's requirements for the coverage. Otherwise, hefty fines or expensive legal fees could follow, should an employee bring a business to court.In Florida, investigators with the Department of Financial Services' Division of Workers' Compensation Bureau of Compliance and Division of Insurance Fraud randomly visited construction sites. The department saw 375 construction sites, contacting a ...
February 15, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Small business relief is slow, steady process following Sandy

This blog previously discussed how businesses of various sizes need to keep themselves prepared for the impact of severe weather. Hurricane Sandy proved to many owners that cleanup costs can be immense, and applying for a loan through the Small Business Administration (SBA) was a good option for many companies.When organizations are creating a business plan, ensuring that all aspects are accounted for and paperwork has been properly filed, it's important to not forget ...
February 14, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »