3 Types of Crimes Covered by Commercial Insurance

Businesses everywhere are vulnerable to a variety of crimes and schemes, whether they are committed by outsiders or the employees themselves. Commercial crime insurance can cover a variety of crimes depending on the organization’s specific needs and risks.

1. Ghost Payroll 

Ghost payroll is a type of fraud where the employer pays the salary of non-existent workers. This money is placed into one or multiple fraudulent shell accounts where the criminal can claim the money. This scheme can go undetected for months depending on the business’s funds and size, and its impact increments during that time. Source: World Wide Specialty Programs

2. Embezzlement 

Embezzlement occurs when an employee misappropriates or outright steals company funds or property. The employer, a fellow employee, or a business partner can entrust these stolen resources. This crime varies in scale, from a cashier taking a few dollars from the register to executives placing millions in a personal bank account.

3. Theft of Trade Secrets

Most businesses within the same industry have information that gives them a competitive edge against others. These trade secrets are generally specific business strategies, procedures and methods. Theft of these trade secrets takes place when an unauthorized party obtains and publishes the information, removing the company’s advantage and potentially reducing profits.

Theft, fraud, and other crimes have a strong financial impact on businesses and their employees. Owners can use personalized commercial crime insurance to mitigate these losses and protect their organizations.

Personal Appearance Tips for Company Policy Manuals

Businesses want their employees to behave and dress professionally. A violation of company policy can lead to legal trouble when inappropriately applied. Carefully review guidelines regarding personal appearance to ensure it does not curb an employee’s protected rights.


As seen on https://www.sboneinsurance.com/, restrictions cannot discriminate against protected-class characteristics. That being said, companies can clearly define appropriate hair and grooming styles. Countering that with guidelines on what is inappropriate can help employees clearly follow guidelines. For example, well-groomed hair versus greasy hair.


The dress code is largely dependent on the organization. A company may have uniforms employees must wear whether full or only a shirt. Formal business attire may work in certain industries better than others. Business formal has the strictest guidelines while a casual dress code may not have many restrictions. Include a list of items not to be worn such as ball caps and flip flops.


While some businesses have no problem with visible tattoos, other companies may not want to see them at all. Be sure to include in the dress code policy any tattoo or piercing restrictions. For example, a tattoo may not look out of place at a bar, but a company selling mutual funds may not want employees to show them.

How a business handles a violation of company policy regarding dress code should be clearly stated. Make sure your policy manual is simple and easy to understand.

Improving Educational Careers With Liability Insurance

Education is integral to a functional civilization. This means that teachers, principals and other educators play a very important role as they shape today’s youth into becoming successful members of society. However, their profession also leaves them vulnerable to numerous risks and potential lawsuits. School administrators and leaders can protect their staff from such exposures with a strong educator liability insurance policy.

Potential Risks

While teaching does not initially seem like a dangerous career compared to many others, it can open legal disputes. The experts on www.caitlin-morgan.com/ list some potential risks.

  • Injuries underinsured party’s supervision
  • The hiring of unqualified educators
  • Improper education and teaching methods
  • Physical and sexual abuse claims
  • Privacy rights violations

The instructors are often liable in these scenarios. Regardless of the situation, educational institutions benefit from the protection provided by insurance.

Benefits of Liability Insurance

A strong coverage policy considers every potential vulnerability that instructors face, from claims against them to property damage done to them. They help cover potential legal expenses that would otherwise hurt the school. Even if the teachers’ reputation never recovers, they are compensated for their ordeal. Additionally, a financially healthy institution is best capable of helping its students.

Educators greatly benefit their communities and deserve the best protection against occupational risks and hazards. An educator liability insurance plan is best suited for these situations.

Potential Impacts of the Coronavirus for the Insurance Industry

The novel coronavirus, COVID-19, is now impacting people, businesses, and the overall economy on every continent except Antarctica, with a reach that extends from the local to the global level. The implications of the virus for the insurance industry are only beginning to be revealed. Connecting with insurance agent news sources will help agents stay abreast of I for the industry as they become known.

Which Industries Will Be Impacted?

While the impacts on the health insurance industry are likely the most obvious, other segments of the insurance industry will also potentially experience the effects of the virus as it begins to disrupt multiple sectors of the economy. In recent days, event cancellations have hit the hotel industry as large events and travel plans are canceled. Source: Program Business. Possible insurance industries to be affected include:

  • Life
  • Travel
  • Commercial
  • Farmers
  • Unemployment

COVID-19 has only recently begun to spread in the U.S.; thus, currently, there have been few claims resulting from the virus. However, this has the potential to change rapidly if the virus is not contained. Major disruptions to business and the food supply chain could result in more claims from business owners, farmers, and the unemployed. Staying informed can help insurance agents to be prepared for future impacts on the insurance industry.

Tax Season Advice for Truckers

Tax season is here again, but as a trucker, you don’t have to dread it. There are a variety of ways to make tax laws work for you so that you can get a sizable return, or at least minimize the amount you owe. Use these truck driver tax tips to help you prepare to file.

  1. Get Organized

No one likes to think about taxes every day, so set up a system where you don’t have to. Designate a special envelope for receipts and keep a notebook in the glove compartment to keep track of mileage. Having everything in one place will minimize your stress at tax time.

  1. Hire a Professional

Accountants eliminate the stress of worrying whether you have filled out complicated forms correctly. As Western Truck insurance programs point out, tax laws change every year, so you need a professional to keep you up to date with the latest changes.

  1. Think Outside the Box

Trucking is a unique profession, so your tax deductions are going to be different from those in other jobs. Potential deductions might include:

  • Furnishings for sleeper berth
  • Highway tolls
  • Fuel
  • Professional trucking magazines

Using these tips will help make preparing your taxes as painless as possible. Remember, the deadline to turn in your tax return is April 15.

Why Staying Informed on Insurance Matters

Business insurance plays a big part in whether or not your company sees the success you desire. While selecting the right insurance is a big step, there is also a lot of upkeep required to ensure you are doing what’s right by your company. Staying informed is a key way of understanding the changes happening in your industry. Directories like Program Business can help immensely in this regard. If you’re wondering what is Program Business, look over this information to learn more.

Endless Information

As showcased on https://www.programbusiness.com/, there are a number of useful features available to insurance providers and business owners. First, Program Business features a comprehensive list of insurance agents and agencies. This can be a huge asset in and of itself. What’s more, the site also features the latest insurance news. Topics covered on the site include:

  • Acquisitions and mergers
  • Changing laws related to insurance
  • Distribution changes and data

Staying Informed Matters

Having an in-depth understanding of the current landscape of the insurance industry can be a huge help. When you know the latest changes sweeping the insurance world, it can provide you with the insight you require to make the best decisions for your own business moving forward. Take time to explore the information provided on sites like Program Business to learn more about what’s out there.

Risks in the Dry Cleaning Industry

Successfully running your own dry cleaning business takes a lot of hard work and persistence. It also requires you to be properly prepared for the risks you face as the owner. Here are some of the main dangers that you should know about and what you can do to protect your business from them.

Business Risks

The most important risks that involve your business include the following:

  • Equipment failure
  • Property damage
  • Theft or vandalism
  • Fire
  • Injuries

These issues and others may arise as a result of a number of factors, such as natural disasters, power outages, excessive chemicals on clothing and inclement weather. No matter how careful you are, running into trouble while doing your job is inevitable.

Staying Protected

While it’s impossible to shield yourself from every potential risk, you can do your part in keeping your business safe by investing in the right dry cleaners insurance program. The insurance firm Irving Weber Associates, Inc. reports that you can properly protect your business by finding coverage that is specifically catered to your needs. This ensures that the insurance program you choose is most appropriate for your business.

Protecting yourself from risk allows your dry cleaning business to succeed in the face of adversity. Be sure to look into the coverage that most closely matches your needs and goals to be fully prepared for anything.

Rent Default Insurance Coverage

When it comes to concerns related to becoming a landlord, there are few greater worries than that of not bringing in rental income. Most people can’t afford to miss one month of rental income, let alone six months to a year. And unfortunately, this is more common than one might think. The good news is that loss of rent insurance can be found on such sites as https://www.rentrescue.com. While it may not cover all rental income losses, it does cover a lot of them.

Tenant Abandonment

There are several reasons why a tenant may abandon their rental property. Some of these reasons include:

  • Military Deployment
  • Family Emergency
  • Serious Illness
  • Imprisonment
  • Death

Although individual policies vary, loss of rent insurance may pay anywhere from 1 – 6 months of lost rent under these kinds of circumstances.


Evictions happen, and they happen for a number of different reasons that range from selling a property to not adhering to noise curfew regulations. Under some circumstances, landlords may get reimbursed for the total amount of rent after a resident is evicted.

Legal Fees

Landlord and tenant arguments sometimes lead to legal action, which comes with pretty hefty fees. Whether it’s attorney fees, filing fees or court costs, an insurance policy could help with some of these expenses.

Insurance for Supermarkets and Grocery Stores

If you’re a supermarket industry veteran or executive, you probably already know a thing or two about a supermarket insurance program. If you’re new to the industry or the executive world, however, here’s a quick primer on this type of program.

Accident and Loss Coverage

The supermarket industry is rife with loss and risk. A supermarket insurance program typically covers the following accidents and losses:

  • Customer injuries
  • Food spoilage
  • Hepatitis
  • Power failure
  • Shoplifting

The types of coverage include, but are not limited to, the following:

  • Business auto (hired and non-owned)
  • Property and liability
  • Umbrella
  • Workers’ Compensation

Druggist and liquor liability may also be available to supermarkets and grocery stores that sell pharmaceuticals and beer and wine.

Risk Management and Accident Prevention Services

Many supermarket insurance program providers not only specialize in coverage for accidents and losses but also offer risk management services and accident prevention measures. According to Smithtown, New York-based insurance industry leader Irving Weber Associates, Inc., these additional services help clients to increase the safety of their retail spaces and reduce insurance claims.

Learn More

If you seek a supermarket insurance program, contact a licensed provider in your area. Most providers will work with you to create a coverage program that fits your operation’s unique needs and risk profile.

Financially Protect Employees from Workplace Injuries

Understanding the differences between an occupational accident policy vs workers compensation policy can help you choose the right plan for your business and employees. Both plans help protect against the lost wages incurred when employees are injured on the job. The benefits and differences between the plans can make a difference.

Occupational Accident

The insurance firm U.S. Risk Insurance states that not all companies understand the difference between the two plans. Occupational accident insurance puts the burden of proof on employers should the employee sue the company. Since the plans come with limits, they tend to cost less upfront with the employer responsible for covering anything over those plan limits should an incident occur. These plans are more customizable for the employer.

Workers Compensation

A guarantor protects the money in the workers’ compensation system that covers the lost wages and medical expenses the employee incurred. Employer liability is greatly reduced because the burden of proof falls on the employee in the event of a lawsuit. The cost is much higher than an OAI policy.

There are clear differences between an occupational accident policy vs workers compensation. Employers benefit from litigation protection measures and employees receive some financial protection caused by a workplace accident. However, it is important for companies to understand the differences to select the best one for them.