Commercial Insurance

The Facts About Commercial Insurance

Business owners should carefully consider their commercial insurance needs, which offer a range of vital protection related to the business. From vehicles to property and the employees within the business, owners can safeguard their investment and lessen the risk of a scenario affecting its growth and presence. The following areas represent some of the primary commercial insurance needs that any business should approach.

Commercial Auto Insurance

A vehicle that is used within the context of business must have its own policy; a personal car insurance policy is not enough, as it won’t cover items that relate to business. If your business uses vehicles to perform routine or even occasional operations, a commercial auto policy is a must.

Commercial General Liability Insurance (CGL)

Bodily injury, property damage, personal injury, and advertising injury are covered with a CGL policy. A convenient catch-all type of policy, many businesses can use it as a starting point for their commercial insurance needs – in terms of liability.

Commercial Property Insurance

A commercial property insurance policy could be thought of as a commercial version of a homeowners policy. You will find similar covered items, such as fire, theft, and natural disasters that pertain to the business property. If your business has some type of physical location, it would require a property insurance policy.

Workers Compensation

Workers that are hurt on the job can rely on workers compensation for lost income and medical expenses. This coverage is commonly required by employers, and it often extends to temporary employees as well. Make sure your workers are protected and  get the best commercial insurance you can.

Workers’ Compensation Rates on the Rise

Workers’ compensation rates will continue to rise as of April 1, 2018. The Pennsylvania Insurance Commission has approved an overall average increase of 0.70 percent in collectible loss costs. With the rate increase announced and effective Feb. 1, 2018, the combined impact is an increase of 6.80 percent over the April 1, 2017 Premium rates.

What does this mean to your business? Well, that depends. Your industry, labor classifications, and calculated loss and Injury statistics all come into play.

Did you know you can save 5% in Worker Compensation rates, by having a “State-certified” Safety Committee (Give me a call to learn more about this process).

Did you know we can audit your WC rates going back three years? And, we do that at no cost to you! Contact us today to learn more.

Business Owner Package (BOP)

Small business owners can take care of many needs in a BOP policy – it often includes vehicle, property damage, business income, property, and bodily injury, as well as other types of basic insurance needs.

At Advocate Insurance we can provide you with a quote of each commercial insurance individually or within a package.

We offer Cannabis and Hemp Coverage

 

Safety and How It Affects Your Business

WANT TO IMPROVE YOUR BOTTOM LINE? CONSIDER THE FOLLOWING:

A growing number of initiatives and studies are embracing the idea that establishing a true culture of employee safety and wellness in the workplace is dependent on the integration of health protection and health promotion efforts. Leading experts in both the health and safety professional communities are building programs around the concept that health activities impact safety and safety activities impact health. While employers have made great strides in creating a safety culture in their employees, many theorize that they could be more powerful if integrated safety/health/wellness merge into a truly sustainable and integrated culture.

In an effort to better understand how the environment for integrating health and safety in the workplace, studies have demonstrated there is an economic factor that proves positive impact.

Economic Dimension

  • Standards for Leadership & Management
  • Standards for Absence & Disability Management
  • Standards for Integrated Health & Productivity

Environmental Dimension

  • Standards for Healthy Workers
  • Standards for Healthy Workplace Environments

Social Dimension

  • Standards for Engagement in Prevention and Wellness by Employer and Employees
  • Standards for Value Based Health Benefits Management
  • Standards for Corporate Social Responsibility

To learn more about this program, or to apply for our free Safety Awareness Survey (two hours of free consultation at your facility), contact Dale Rothenberger at 484-388-9470 (dale@advocateins.net)

OTHER POLICIES AND SERVICES TO CONSIDER

When You Can’t Afford to Hire – use our Virtual Safety Manager Program

A safety officer monitors workplace activities to ensure that workers comply with company policies and government safety regulations. The duties of this job vary by employer, but safety officers typically have responsibilities pertaining to policy development, safety inspections, safety training and compliance with the federal Occupational Safety & Health Administration, commonly known as OSHA.

Workplace Safety Inspections

Safety officers inspect interior and exterior work areas to determine if there are any safety hazards. During these inspections, a safety officer looks for broken equipment and damaged equipment, slip-and-fall hazards and other potential hazards. The officer also observes workers to ensure that they are wearing required personal protective equipment and following company safety policies.

Policies and Procedures

Developing and implementing safety policies helps employers reduce accident-related costs and prevent losses due to a decline in productivity. The safety officer determines what policies are needed and solicits input from managers and workers. Once a policy has been finalized, the safety officer alerts workers about the change and monitors compliance. He may also ask each employee to sign a statement acknowledging receipt of the information.

Training and Coaching

OSHA requires employers to provide training on dozens of safety topics. These include fire prevention plans, hazardous materials handling and machine guarding. Safety officers identify training needs, develop appropriate training programs and deliver training to employees. They may also solicit feedback from workers and use that feedback to improve existing programs or create new ones.

commercial insurance, insurance company

Regulatory Compliance

Employers must comply with regulations published by OSHA and state occupational safety agencies. This involves reviewing standards, implementing plans to meet those standards and following all record-keeping requirements. Safety officers complete the injury logs required by OSHA and submit OSHA form 300, which is a summary of all injuries that resulted in lost work time, restricted duty or job transfer. They also ensure that the poster entitled “Job Safety and Health: It’s the Law” is displayed in a conspicuous place in the workplace, as required by OSHA.

Cyber Security

How vulnerable is your business? How do you ensure your “Supply Chain Vendors” have the proper protocols in place to protect your business? Security professionals are faced daily with the challenge to secure their networks, workplaces, data, inventories, and all aspects of their operations in accordance with many different security regulations, as dictated by various industry and international government defined security standards. CIOs, and others responsible for ensuring compliance with the applicable security requirements, without a map in hand, probably often ask themselves:

  • Which Standard to begin on the road towards security compliance?
  • Can I map the chosen security requirements to a different framework, in a different industry or country?

Cyber security standards are focused to protect the cyber environment in an organization. This environment includes users, networks, devices, all software, processes, and information in storage or transit, applications, services, and systems that can be connected directly or indirectly to networks. The principal objective of our FREE ANALYSIS is to reduce the risks, including prevention or mitigation of cyber attacks.  We’ll work side by side with you to put the proper plans, procedures, and security concepts and safeguards in place, utilizing risk management approaches, actions, training, best practices, assurance and technologies.

Next Steps: To learn more about how we might be able to help your business, call or email Dale Rothenberger at:

Dale@advocateins.net Call @ 484-388-9470

d.rothenberger@zeemedrdg.com Call @ 484-239-6925