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Murphy Insurance News & Articles

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Business Continuation Planning Risk Management

Free 30-minute online seminar! April 28, 2021 from 10 a.m. - 10:30 a.m.: What happens to your business if something happens to you? Business Continuation Planning to Manage Risk.

employee lawsuit protection

Does your business employ one or more people? If so, you need to be prepared for the possibility of an employee lawsuit. Small businesses are just as vulnerable as large corporations… even family businesses aren’t immune. There are steps you can take to prevent lawsuits such as...

home water damage

Water damage is among the most common reasons for making a property damage claim. Home, condominium, renter insurance and commercial property policies cover a variety of types of property damage caused by water. However, not every instance of water damage is covered by insurance. Damage being covered by a policy can depend on the cause of water damage and the type of policy you have. In some cases, it may depend on whether or not you’ve purchased optional coverages.

Canceled

Learn why your insurance might not be renewed. There's a difference between an insurance company canceling a policy and choosing not to renew it.

winter business preparation tips

New England winters are known for their unpredictability. Keeping your business operations running smoothly and safely this winter is dependent on being prepared for whatever winter weather might bring. Taking these steps can help you address the most common problems that cause property damage in winter.

Ordiance or Law Coverage for building code changes

Changes to building ordinances and laws can result in requirements to upgrade your building to new standards during reconstruction, which can result in extra expenses that may not be covered by a basic property insurance policy. Ordinance or law insurance can protect you.

Accounting

With the COVID-19 pandemic, many businesses have had to make adjustments with workers having transitioned to working from home, having reduced hours, and some having been furloughed – some with or without pay, or have been laid off. It is important to maintain accurate payroll records to ensure you are charged appropriate premium for your Workers’ Compensation coverage.

business desk laptop

Understanding the factors used by insurance companies to price a business insurance policy is key to making the best choices when it comes to finding the right coverage for your needs. If you’re planning to start your own business, consider the following factors that can affect the price of your business insurance:

business recovery after storm

The Insurance Institute for Business & Home Safety (IBHS) offers small business owners free, user-friendly resources that can help assure their business continuity and checklists to help them protect their business investments and property when bad or severe weather threatens.

workers compensation sole proprietor coverage

Workers' compensation policies issued to Sole Proprietors and Partnerships do not provide coverage for the individual sole proprietor or partner(s) unless they elect coverage for themselves. This can leave a gap in workers’ compensation coverage, so be sure you understand what coverage is in place for your own protection and when hiring subcontractors.

 

The information provided in these articles are only general descriptions and should not be relied upon as complete, correct or accurate for your specific situation. All coverage informaiton is subject to policy provisions, endorsements and may be  subject to your meeting underwriting qualifications. Murphy Insurance Agency is not engaged in rendering legal, accounting or other noninsurance professional services. Consult an appropriate professional for advice regarding your own situation.