Business

Covering Losses with Business Interruption Insurance

Posted on by TheSph3r3
Business Interruption Insurance

Business interruption allows companies to stay afloat in rough waters.

Believe it or not but business interruption insurance can be as important to your survival as property insurance coverage. Most people would never consider opening a business without buying insurance to cover damage due to fire and windstorms. However, too many small business owners fail to think about how they would manage if a peril took their company down for a substantial number of days, weeks, or months.

A business that has to close down completely while the premises are being repaired may lose out to competitors, not to mention lose their regular income!

How would your business handle such an event? Fall back on your business interruption insurance, of course!

What is the coverage?
Business interruption insurance compensates you for lost income if your company has to vacate the premises due to a disaster that damages your property. This disaster must be a listed peril that is covered under your property insurance policy, such as fire. The coverage reimburses you for the revenue that you would’ve earned, based on your financial records, had the disaster not occurred.

Generally, business interruption insurance covers:

  • Revenue lost due to the closure
  • Fixed expenses, such as rent and utility costs
  • Expenses of operating from a temporary location

It’s entirely possible to add extra protection onto your policy so that your expenses are covered. Ask your insurer for more details.

Are there limits?
Business owners should ensure that the policy limits are sufficient to cover your company for more than a few days! After a major disaster, it can take more time than many people anticipate to get the business back on track. There is generally a 48-hour waiting period before the coverage kicks in!

Are you ready to secure this insurance for your business? Contact the professionals at All Nevada Insurance to secure your needed insurance in Las Vegas and neighboring cities in Nevada.

How a Data Breach Occurs (and How to Protect Your Business!)

Posted on by TheSph3r3
How a Data Breach Happens

Business owners, do you know how hackers can attack your systems?

Even though many business owners believe their Internet, software, and network to be stable and safe, the reality of it is that more and more criminals are taking to the cyberspace to wreak havoc. Understanding your business’s vulnerabilities and how to defend against them can help companies protect their data from thieves who are in search of valuable personal data.

An Attack

A data breach or cyber attack occurs when there is a vulnerability in a business’s digital system. An attack exploits user information and safe files, accessing and controlling a large part of the business’s digital dealings. From there, the hacker could access sensitive data, complete commands, and take over administrative sites.

Prevention

Cyber attacks and breaches occur to all businesses, large and small. Even so, many firms are not prepared for such attacks which leaves their company floundering when one occurs. An attack that pinpoints the vulnerabilities in a software is not only very common to occur to businesses, but it’s easy to prevent!

Action

Each business should work to implement a vulnerability program as well as knowing how to prevent cyber threats. Everything from proper training, anti-viral software, and securing the right insurance is necessary for your business.

To prevent the possibility of your company’s data suffering, be sure to take cyber risks seriously. Also, safeguard your business with reliable Cyber Liability Insurance and business insurance to fully protect your business. Get started on your policy in Las Vegas, Nevada by contacting All Nevada Insurance today.

Manage Construction Risks with These Tips

Posted on by TheSph3r3
Construction Risk Management Tips

Improve the construction site and safety with these simple steps.

As part of a construction crew, you do everything you can to ensure your work is completed on time and to standard. Even so, the costs and hurdles that many construction teams face are ever-changing. New materials and techniques enter the market, while codes and other requirements require every team to be on their toes with regulations.

Despite your best efforts, sometimes you can end up the target of a construction defect claim. When something goes wrong, understanding what happened and why it happened can make or break your business.

To best manage construction defect risks, use these defenses:

Know your codes – Keep up to date with current regulations and standards, including building codes, industry advisories, and the best practices.

Understand the products you use – Follow manufacturer guidelines, study product warranties, and expiration dates, too. Always know the limitations of every material and system, and don’t risk it if you can help it.

Choose the right subcontractors – Pre-qualify subcontractors to help ensure each has the proper credentials, experience, and skills to deliver the high standard of work that you aim to produce.

Transfer risk if necessary – Always rely on your legal counsel and risk advisors to help ensure that contracts protect you against errors and limit your obligations.

Document and record everything – Build a solid record of every step in the construction process to help defend against claims of poor workmanship. Always back up these documents digitally and store them somewhere safe.

For the protection that you need, visit All Nevada Insurance and secure the right commercial insurance to suit your needs. Visit us in Las Vegas, Nevada today!

Beat Work Stress with These Tips

Posted on by TheSph3r3
Work Stress Las Vegas NV

Beat the work blues once and for all with these tips.

Do you find yourself working 10-hour days? Are you burning the midnight oil, long after all of your co-workers have headed home? Whether you’re putting in more hours each day or deal with a highly stressful job, you may be feeling more pressure than pleasure. As stress can be the cause of many health issues, such as depression, high blood pressure, weight gain or loss, acne, and heart disease, it’s important to have as little stress as possible.

Don’t let stress get in the way of your successful career!

  • Get enough sleep – Sleep is essential for us to perform to our best ability. Lack of sleep reduces our cognitive function, weakens our memory, and makes us irritable – not ideal for the workplace! Get your 8 hours of sleep each night.
  • Eat well – If we eat unhealthily, we’ll feel it. Be sure to eat balanced and regular meals, exercise often, and drink plenty of water. Avoid processed foods, caffeine, and eat plenty of fruit and vegetables. Your body (and mind!) will benefit from this.
  • Make compromises – While you may want to impress your boss by picking up the slack, taking on too much work can be a recipe for disaster. Learn to say ‘no’ when you become overwhelmed with work.
  • Get organized – Whether you have a calendar, a To-Do list for the day, or a checklist for the week, getting organized will mean that you’re properly equipped and mentally prepared for the work ahead.
  • Take breaks – Even though you have a lot to get done, remember to take breaks. We work best in increments of time, rather than working a full 8-hour straight day.
  • Make time for yourself – Even if it’s time where you plan to do nothing, it’s important to make time for some rest, relaxation, and quality family time!

Reducing your stress will ensure that you can lead a healthy and happy life! From the insurance professionals at All Nevada Insurance, we hope that you take the time to lighten your load. Visit us for the insurance policies to protect your finances and assets in Las Vegas, Nevada.

Do You Need Personal or Commercial Auto Insurance?

Posted on by TheSph3r3
Personal or Commercial Auto Insurance Las Vegas NV

How does personal and commercial auto insurance differ?

Buying car insurance can seem complicated, particularly when you’re not sure about the appropriate type of coverage for your needs. In general, you have two choices: personal and commercial auto coverage.

Personal Auto Coverage
These policies typically exclude any businesses uses. Personal auto coverage is designed for the needs of consumers, either as an individual or a family. If you’re in a car accident, this coverage can provide assistance with your vehicle repairs, other involved vehicles’ repairs, medical expenses, and liability charges.

Commercial Auto Coverage
Is driving a part of your business? If so, it’s important to prepare for a worst-case scenario when assessing your company’s ability to survive an unexpected event on the road. You can achieve the much-needed protection by obtaining a commercial auto insurance policy.

This coverage is designed for the needs of business that have several drivers and multiple cars. It works around the possibility that every employee within the company will drive the vehicles, so the liability protection is generally greater than the amount provided under a personal plan.

Additionally, commercial insurance can provide coverage for a number of drivers. Even if you only have ten employees that drive occasionally, you’ll still need commercial auto coverage!

Unless you’re starting a company and intend to use the vehicle for business purposes rather than personal needs, opt for personal coverage. When you’re buying commercial insurance, avoid making these common mistakes.

Are you ready to get started on the right plan for yourself or company? Contact the professionals at All Nevada Insurance, serving Las Vegas and surrounding cities of Nevada to select the right policy today.

How Best to Protect Your Business!

Posted on by TheSph3r3
Protect Business with Insurance in Las Vegas NV

You’ve worked hard to grow your business, here’s how to protect it.

Today, business owners work harder than ever to create stealth tactics for selling, benefits for employees, and locks for the building. In a world of cyber criminals and physical thefts, there are plenty of ways in which each company should protect their investment.

So that your business is adequately protected, check out these tips!

Theft

  • Install cameras and put signs up for your guests to see, stating that they are being filmed. People will be less inclined to break in if they know that they’re being watched.
  • Light your business well, including into the night, so that people are easily spotted.
  • Minimize your losses – Never leave a significant amount of cash or valuable data in a building overnight.
  • Install burglar alarms and deadbolts – teaching your employees and the cleaning crew to use these.

Slips, Trips, Falls

  • If there are spills or leaks on the floor, clean them up right away before they become a hazard.
  • Tidy up cords and wires that may be trailing on the ground.
  • Never block hallways or paths.
  • Place doormats indoors for guests to wipe their feet when it’s been raining outside. 

Financial Strain

  • Buy insurance to protect your business from liability charges, perils, and financial hardship! Business insurance is there to protect your company from incidents and accidents that can hinder your operations, finances, and reputation.
  • Check out why your business needs cyber liability insurance.

Contact the professionals at All Nevada Insurance to get your Las Vegas, Nevada business set up with the right levels of business insurance coverage! Our professionals will match you with the proper coverage to meet your needs and budget.

Does Your Company Need Cyber Insurance?

Posted on by TheSph3r3
Cyber Insurance Las Vegas NV

Skilled hackers can hinder your business – here’s how cyber liability insurance can help.

Business owners, have you done everything to protect your company? While you may be thinking that you’ve got the deadbolts, fire alarms, and security locks in check, have you got cyber protection? Imagine that your company has come under attack by a skilled hacker.

This trained thief has accessed your customers’ names, contact information, Social Security numbers, payment methods, and more! On top of that, your website is disabled so that you can’t take orders or collect the payments that you need to stay in business. If important information was to fall into the wrong hands, you could lose the business and trust of vendors, clients, guests, and your employees.

With protection, your business can face liability risks, no system recovery, fines, and lawsuits.

To protect your business from data breaches and the like, cyber liability insurance can step in should an incident occur. A policy covers several types of risk, including:

  • Loss or corruption of data
  • Business interruption
  • Multiple types of liability
  • Identity theft
  • Cyber extortion
  • Reputation recovery

With your cyber liability insurance at hand, your business can protect against any possible risks with daily practices to prevent attacks and lower risks. Train your employees to get smart about detecting risks online, as well as taking active steps to limit your exposure to breaches:

  • Install, maintain, and update security software and hardware
  • Contract with an IT security services vendor
  • Use cloud computing services.
  • Regularly back up data at a secure offsite location
  • Encourage employees to change passwords every month
  • Always change passwords when a member of staff leaves the company

Get started by securing the right cyber liability insurance policy for your company’s needs in Las Vegas, Nevada. Contact the professionals at All Nevada Insurance today!

Ways to Keep Your Employees Happy

Posted on by TheSph3r3
Cheap Ways to Keep Your Employees Happy

Low-cost solutions to boost employee morale.

As your business takes off, the last thing on your mind is giving your employees any more than they need.

As you grow your business, you’ll face the dilemma of wanting to attract the best and brightest workers, but you can’t afford the high-dollar salary and brilliant benefits.

The good news is that a lot of employees are looking for more of a balance of salary and perks. In the long run, providing low-cost benefits can help you to attract loyal employees and compete for the top-tier of workers! Check out these low-cost ways to keep your employees happy.

  • Unlimited paid time off – You may be thinking that giving employees free reign of paid time off sounds like you’re going to see all play and no work. However, this freedom motivates employees to work harder and get tasks done so that they can enjoy their time off. With the right policies in place and trustworthy employees, this can be a good pay off for the individual and the company alike.
  • Telecommute – Give employees the option to work from home one day a week so that they can run errands, take care of their pets, and enjoy life – all while getting their work done. Additionally, you don’t have to pay for the electricity or gas to run your office one day a week!
  • Encourage breaks – Set up a designated quiet room for employees to take 10-minute relaxation breaks. Anything from a yoga mat to a comfy chair makes a good spot for workers to catch their breath.
  • Team building events – Take your staff to an off-site location to enjoy team building, at least once every six months. Whether it’s a potluck in the park on a Friday afternoon or a baseball game on Thursday, your team can strengthen through out-of-work interaction!
  • Let the dog out – More and more of us are adopting shelter pets and abandoned pups. While this shows our compassionate side, leaving them cooped up indoors all day. Designate a day where your employees can bring their dog to work so that they can feel at ease knowing that their 6-month old lab isn’t tearing up the sofa. Plus, who doesn’t love a quick cuddle with the four-legged friends?

One thing that your business shouldn’t have to worry about it coverage for accidents, lawsuits, and damages. For this all-encompassing business insurance, contact the professionals at All Nevada Insurance, serving Las Vegas and neighboring cities in Nevada!

What Insurance Do Startup Businesses Need?

Posted on by TheSph3r3
What Insurance Startup Businesses Need

Get your business off the ground with secure defenses in place.

For most businesses, even fledgling ones, business insurance should be considered as essential to their survival as basic utilities and steady customers. Some types of insurance are required by law – others are just smart for your business. Which ones does your company need?

To make sense of the nonsensical insurance terms, it’s helpful to have a guide. And All Nevada Insurance is here to be exactly that for your business! We want to help you safeguard all of your hard work, so here are the top coverages that your startup needs.

General liability insurance – This provides financial protection for your business in the event of lawsuits and claims. These may arise as the result of injuries or property damage connected with your business, or even non-physical acts like slander or libel.

Property insurance – If you conduct business from a building – which is more likely than not – you’ll need this coverage to protect your property from fire, wind and hail storms, and vandalism.

Business Owner’s Policy – This cover is the best of both worlds! A BOP bundles general liability and commercial property coverages, and is generally the most affordable choice. If you’re a small business owner and you want the convenience of a single policy covering the bulk of your risks, this is a great choice.

Flood insurance – Backed by the federal government, the National Flood Insurance Program covers businesses from financial losses due to property damage caused by flooding.

Does your startup need the protection that will allow you to focus on excelling your company? If so, then contact the professionals at All Nevada Insurance. We serve Las Vegas and neighboring cities of Nevada with the right business insurance policies and can tailor coverage that’s right for you, no matter what your business needs.