Developing a business safety plan
A business safety plan is an easy and effective way to save money while protecting your employees.
Business safety tips
Here are some tips to ensure your business is protected properly.
Employment practices liability tips
Follow these basic procedures during the hiring process to protect yourself from discrimination allegations – or worse.
Transitional return-to-work programs
A successful plan tracks injured workers' progress. That can mean big benefits for your business.
Answers to your questions
This coverage can be critical to the financial health of your company should you have a serious loss. Although this insurance is often not required by lenders, it covers the ongoing bills and extra expenses you will face and helps retain customers in the event of a catastrophe. It is included under some insurance programs and can be purchased as an endorsement with others. To estimate how much a catastrophe could cost your business, consider:
- Would you rent another facility if yours was unusable?
- Would you retain employees on payroll or risk letting them go?
- How long would it take to replace or repair machinery and what would you do in the meantime?
- How would you keep your customers and what would that cost?
QBE and other commercial insurance companies offer policies that combine protection from major property and liability risks in one package. The package is created for small- and medium-sized businesses. QBE's BOP includes:
- Property insurance, which protects buildings and contents owned by your company
- Liability insurance, which covers your business'' legal responsibility for the harm it may cause to others
- Loss of business income coverage, or business interruption, which covers lost income and extra expenses incurred after a loss for a limited time.