Accident and Illness Insurance
by Admin
Posted on 16-06-2023 10:46 AM
Travel
insurance
is not obligatory when going abroad. However, it is strongly advised to take out such insurance, as, in the event of an accident, illness or loss or damage to property you will be able to rely on the insurance policy for financial assistance for any of the previously mentioned events that might arise during the course of your trip.
6 ways to prevent burglary and theft at your business
One of the best ways to protect your business from theft, property damage , and burglary is to install an alarm system. The presence of an alarm system is often enough to deter any would-be burglars, and it can help you keep an eye on both external and internal threats. Most small businesses don’t need to invest in the most expensive alarm systems. Many setups can be customized, and security companies offer numerous low-cost options. Just make sure that the system can be controlled and monitored remotely on your smartphone, tablet, or pc, and use a ul-certified central monitoring station to monitor your alarm system 24/7.
Not everything about the global pandemic has been gloomy. The bright side has been neighbors coming together for the greater good of our communities, working to help those in need, volunteering time, supplies and funds to help protect the health and safety of those most vulnerable in our neighborhoods. Unfortunately, pandemics and natural disasters cause a large strain on communities and individuals as well. Whether a result of extreme need or periods of high unemployment, civil unrest and financial downturns also lead to surges in cases of theft, burglary and vandalism. While your property insurance policy may cover costs for cleanup, repairs or replacement of items – or even business interruption – prevention is always the best option.
1. Install an alarm system
There are several ways you can protect your home and make it more secure so that it’s less susceptible to burglary and damage. Here are some ideas: have a home alarm system in place and make sure it’s visible to deter burglars. If this is a monitored system, you may get an extra discount. Fit security locks on windows and doors. Have fire systems in place. These may include smoke detectors, fire extinguishers/blankets and sprinklers. Have a carbon monoxide alarm installed. Install motion detector lights outside. Put timer switches on your lights so that it looks like you’re at home when you’re not.
How small business insurance protects your business from burglary and theft
When a small business owner purchases insurance, they don’t do so with the expectation of a loss. Most see insurance not as a shield against the daily risks inherent in running a business, but as a buffer that allows them to be safe, rather than sorry, after a catastrophic event. However, a public adjuster would beg to differ. According to a 2015 study from the hartford, theft and burglary make up roughly 20% of all claims filed each year. Furthermore, while most businesses never experience multimillion-dollar losses, ordinary theft and burglary incidents result in claims averaging from $8000 to $50,000.
According to a study conducted by the hartford, the most costly insurance claims for small businesses are: reputational harm: average claim cost is $50,000. Vehicle accidents: average claim cost is $45,000. Fire: average claim cost is $35,000. Product liability: average claim cost is $35,000. Customer injury or damage: average claim cost is $30,000. Wind and hail damage: average claim cost is $26,000. Customer slip and fall: average claim cost is $20,000. Water and freezing damage: average claim cost is $17,000. Struck by object: average claim cost is $10,000. Theft and burglary: average claim cost is $8,000. Related articles.