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Business Insurance

Meet Bennett – Insurance People’s Newest Team Member

By Business Insurance, Insurance People of North Carolina, Personal Insurance

Name: Bennett Sterling Age: 25 Hometown: Durham, NC Fun Fact: The only type of seafood that Bennett eats is fried shrimp! Bennett is a Durham-native and is a licensed Property and Casualty Insurance agent. He joined Insurance People in early 2020, only three days prior to the initial Covid-19 stay-at-home order. Bennett has a background in Sales and Customer Service Relations, stemming from his passion to serve others. He received an academic scholarship to attend High Point University, his freshman year, where his focus was Business Administration. Bennett enjoys the industry because it is continuously evolving and there is something…

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Consider Safety Before Taking Your Restaurant Outdoors

By Business Insurance, Insurance

Restaurants across the country are taking the necessary steps to ensure that their businesses remain operational during the winter. Because so many restaurants are unable to support indoor-dining, procedures have been put in place to provide outdoor-dining to their customers. Whether it is a plastic-pod or a tent, outdoor-dining options provide these businessowners a chance to serve their customers while limiting exposure to Covid-19. However, these outdoor-dining solutions are not free of liability concerns. These outdoor structures are valuable in the sense that they provide restaurants an opportunity to serve their patrons; however, there are procedures that should be followed…

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How to Protect Vacant Commercial Buildings

By Business Insurance, Insurance

Now, more than ever, commercial buildings are being left vacant because businesses are working remotely. Although the vacancy may be temporary, commercial property owners should still take the time to ensure that their vacant building is protected. These buildings face a variety of risks, including: Crime, Water, Fire, Pests, and Contamination. Whether businesses are closing for the holidays or due to Covid-19, there are eight steps property owners can take to secure their vacant commercial building. Below, you will find those eight steps: Secure the Building – alarm system, security cameras, motion-activated lights, etc. Tell the Local Authorities – Let…

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9 Key Elements of a Data Security Policy

By Business Insurance, Insurance

In an increasingly virtual world, data security has never been more important. Regardless of where they are working, employees must understand their obligation to protect company information. It is crucial that everyone works together to avoid a date breach as well a cyber related claim. Travelers Insurance believes there are nine essential elements of a data security policy. Below, you will find the nine elements. For more information on each element, please follow the link to Travelers Insurance. Safeguard Data Privacy Establish Password Management Govern Internet Usage Manage Email Usage Govern and Manage Company-Owned Mobile Devices Establish an Approval Process…

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Post-Claim Communication

By Business Insurance, Workers Compensation

In August, we posted a blog about the importance of promptly reporting claims. Today, we continue this theme by emphasizing the value of “Post-Claim Communication”. As vital as it is to quickly report claims, it is equally as necessary to keep the communication going with all on-going claims. Because the claims process can be so arduous for the company, it can be easy to forget about the well-being of the injured employee. Employers should take it upon themselves to check-in with the employee to see how they are doing and ask if they need anything. This communication will go a…

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Is Your Business Parking Lot Safe?

By Business Insurance, Insurance, Insurance People of North Carolina

According to the National Safety Council (NSC), each year, over 50,000 auto accidents take place in either parking lots or garage structures. These accidents are the cause of nearly 60,000 injuries and 500 deaths. Many of these accidents are preventable, as the NSC states that nearly 66% of driver’s nationwide user their cellphone while driving through parking lots. Even if a driver is responsible for the accident, the owner of the parking lot or garage could be held legally liable. Selective Insurance states, “Whether the person is exiting or entering a vehicle, walking or driving, their safety is your concern”….

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Work Comp Wednesdays – Do You Know Your Lowest Possible Experience Mod?

By Business Insurance, Insurance People of North Carolina, Workers Compensation

Welcome to Work Comp Wednesdays! Insurance People is the industry-leader in North Carolina workers’ compensation insurance. Each week, our team takes a frequently asked question and expands on the issue for our clients, prospective clients, and community members to better understand the confusing nature of Work Comp. What is a minimum experience mod? What is my organization’s min mod? How do I get to my minimum mod? Experience Mod Your Experience Modification Factor is an important part of determining how much you’ll ultimately pay for your Workers’ Compensation Insurance. The final number evaluates you against peers in your industry – whether that…

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Work Comp Wednesdays – 7 Secrets You’re Paying Too Much for Your Worker’s Comp

By Business Insurance, Workers Compensation

Welcome to Work Comp Wednesdays! Insurance People is the industry-leader in North Carolina workers’ compensation insurance. Each week, our team takes a frequently asked question and expands on the issue for our clients, prospective clients, and community members to better understand the confusing nature of Work Comp. Secret 1: Insurance companies don’t pay for employer injuries – they just finance them for you at an exorbitant cost You pay $2 to $3 to the insurance company for every dollar it pays out for employee injuries. Each claim results in the most expensive financing contract you have in your business. First,…

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National Cybersecurity Month – Risk Management Best Practices for Cyber Risk

By Business Insurance, Insurance People of North Carolina

  October is National Cybersecurity Awareness Month (NCSAM). For the 17th year in a row, the Cybersecurity & Infrastructure Security Agency (CISA) is spreading cybersecurity awareness through this year’s theme, “Do Your Part. #BeCyberSmart.” According to the CISA, “This theme encourages individuals and organizations to own their role in protecting their part of cyberspace, stressing personal accountability and the importance of taking proactive steps to enhance cybersecurity.” Industry Best Practices As is evident from the daily news reports, cyber related incidents are rapidly increasing, leaving businesses vulnerable to an attack.  Businesses can best protect themselves by establishing and frequently updating…

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