Precautions to Prevent Common Business Insurance Claims

Tips to protect your business against common insurance claims.

As a business owner, you want to protect your company from all the risks that it faces.  This is why it’s so important to have the right commercial insurance protection to fall back on.  That being said, most business owners would rather not access their insurance if they don’t have to.  If you want to avoid some of the most common types of business insurance claim events, then here are some of the precautions you should take.

Burglary and Theft

  • Install a security system– Installing burglar alarms and surveillance cameras and publicizing these security measures will reduce the chances of your business being targeted for theft.
  • Illuminate your business– Burglars prefer to work under the cover of darkness. By installing bright lights outside of your business, you can deter all but the boldest thieves.
  • Encourage anonymous reporting– Oftentimes, businesses are robbed by their own employees. By encouraging staff members to keep an eye out for suspicious behavior and setting up a system for anonymous reporting, you can catch and fire employees who are defrauding your company.

Slip- and- Fall Injuries

  • Clear walkways– To reduce the chances of employees or customers tripping and injuring themselves while on your business’s property, you should make sure that hallways and walkways are clear of clutter and other tripping hazards.
  • Install proper lighting– Dim lighting can cause an employee or customer to miss a fall risk. Installing bright lights throughout your business’s property can help you avoid this risk.
  • Clean up spills and fix leaks– If you have a leaky faucet or if there is a spill in a common area, then make sure you address these issues right away. This will ensure that employees and customers don’t slip and injure themselves.

Employment Practices Liability Issues

  • Train supervisors and managers– Everyone in a supervisory or management position should receive training on how to treat the employees working under them. This training should include appropriate modes of communication, how to handle employee complaints, and how to respectfully conduct themselves in a professional setting.
  • Plan for interviews– Before interviewing a potential candidate, you should check to make sure that your interview questions do not constitute discrimination or compromise the rights of protected classes.

These are some of the precautions that you should take to avoid some of the most common small business risks.  Remember, having the right commercial coverage is another way to keep your business safe.  For assistance with all your business insurance needs, contact the experts at James Page Insurance today.

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