Introduction: Just like the bulk-buying benefits at Costco, where purchasing in large quantities yields better prices, the world of insurance operates on a similar principle. Whether it’s for personal or business coverage, understanding how sales volume impacts insurance rates is…
Every year, contractors face the inevitability of liability insurance and workers’ compensation audits. These audits are a vital part of the insurance process, ensuring that the coverage accurately reflects the contractor’s operations and exposures. But why exactly do these audits…
In the realm of business contracts, particularly in industries where there’s potential for accidents or liabilities, hold harmless agreements play a crucial role. Essentially, a hold harmless agreement is a contractual provision that serves to protect one party from liability…
Every year, businesses that carry workers’ compensation insurance should anticipate undergoing a workers’ comp audit. But what exactly does this entail, and what are auditors looking for? Let’s delve into the key aspects of a workers’ comp audit and what…
When it comes to navigating the complex world of insurance, especially during audits, one crucial aspect that demands attention is the choice between cash basis and accrual basis. This decision holds particular significance for general liability insurance, where billing is…
Introduction Receiving an audit bill for your liability insurance or workers’ compensation insurance can be a source of frustration and confusion. Many people are unaware that they have the option to dispute these bills. In this blog post, we will…
In the dynamic landscape of business, safeguarding your company’s financial health is a paramount concern. One crucial aspect to consider is the prevention of claims. Claims not only pose immediate challenges but can also have lasting repercussions that quickly erode…
In the complex world of insurance, the fear of filing a claim often lingers, fueled by concerns about potential rate hikes, non-renewals, and the overall impact on future coverage. In this blog post, we’ll unravel the mystery surrounding insurance renewals,…
Are you a construction company navigating the complex landscape of insurance? Meet Matthew Rogers, a seasoned licensed contractor with an impressive 30 years of combined experience in construction and insurance, representing Contractors Risk Solutions. With two decades in construction and…
Introduction: In the dynamic landscape of business, managing risks is paramount for sustainability and success. One powerful tool that aids in this process is a comprehensive risk assessment. In this article, we will delve into the benefits of having a…
