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Insurance premiums can feel like a mystery to many business owners. One key factor that directly influences your premium costs is the loss ratio . Understanding what a loss ratio is and how it affects your insurance can help you make smarter decisions, negotiate better rates, and improve your overall risk profile. This post breaks down loss ratios in simple terms, explains why they matter, and offers practical advice on managing them to your advantage. What Is a Loss Ratio? A

Business owners often face a frustrating challenge: insurance audits on their workers compensation (work comp) and general liability (GL) policies. These audits can lead to unexpected premium adjustments that feel like a surprise at the end of the policy period. The good news is that many of these headaches are avoidable with proper planning and record-keeping. This post explains why accurate payroll reporting and employee classification codes matter during commercial insuran

Every business that relies on employees to operate vehicles faces risks that can affect safety, finances, and reputation. A written driver safety program is a practical tool that sets clear expectations and procedures to reduce these risks. It protects employees, passengers, the public, and company property. This post explains why having a formal driver safety program matters and what key elements it should include to support your business’s risk management and commercial ins

Workplace disputes can cost small businesses more than just time and energy. Did you know that claims related to workplace issues are not covered under your general liability insurance ? Last year, 40% of small businesses faced employee lawsuits. According to data from AmTrust, the average jury award for these cases is about $217,000, while out-of-court settlements average around $75,000. These numbers highlight the financial risks businesses face without proper protection. E