Preventing Small Business Claims : Dear Insurance Agent...
HomeAbout UsContact UsCommunity ConnectBLOG: Dear Insurance Agent

936.209.1858
EPAY

AGM Insurance Group

Preventing Small Business Claims

by A. Montalbano on 08/23/15

It is peace of mind to have coverage for your small business so when the major mishaps occur, you have protection.  But as a policyholder, you must do your part to prevent claims.  AGIS has outlined the top 5 business claims and what to do to prevent a loss and rising rates.

1.  Burglary/theft:  20% of claims derived from burglary/theft.  Ways to prevent this type of loss are installing cameras, an alarm.  These type of systems can also lower your insurance rates.  Lessen the number of personnel who has access to codes, passwords, and keys to the business. 

2.  Water and Freezing Damage:  15% of claims derived from cold weather or water hazards.  Maintenance even on rented space can be done with little cost and simple steps. 

3.  Wind and Hail Damage:  15% of these claims occur during storms but there are ways to prevent excess damage.

4.  Fire:  10% of claims happen due to fire.  Ways to prevent fires on your premises is crucial especially if a restaurant or food truck.

5.  Customer Slip/Fall and other liabilities:  10% of these claims are preventable.  It starts with safety on the sales floor.


Comments (0)


Leave a comment


AGIS | PO BOX 448 | MAGNOLIA, TX 77353
Blog





Construction
Keeping it safe on the job site and whats trending in the builders world.






​01/24/17 
Gotta Love A Tool: 
5 Tips from an Equipment Thief 
​08/2014 Gotta Love A Tool:
History of Tools: 2 Great Empires
08/2014 Gotta Love A Tool: 
10 Important Tool Wonders
07/07/16
Outdoor Projects Heat Alert


Insurance

Secrets and tips of how to stay ahead.​

​04/07/19 Secrets Before You Buy A Home. Part 1
06/06/18 The Story of Your Insurance Matrix Life
05/20/18  10 Things You Should Never Keep From Your Agent
05/16/18 Agent vs Do-It-Yourself
03/01/18  How Your Website and/or Social Media Can Kill Your Chances of Business Insurance Coverage.
10/20/16Safety is Key When Prepping Home for the Holidays 
​10/06/16About Hurricanes and Storms For Texas Newcomers 
​08/02/16Vicious Dog List problematic coverage.
​07/01/16How Insurance Helped the U.S. Prosper: Colonial America and Benjamin Franklin
​01/07/16Steps to Take When Involved In An Auto Accident 
​12/28/1510 Things When Searching for An Apartment.
10/22/15Prepping Your Home for Fall Season Is Claims Deterrent 
09/2015  Personal Liability Affects Everyone.
08/2015  Does My Car Have Flood Coverage?
08/2015  High Risk Drivers...
04/2015 7 Car Shopping Strategies.(Progressive)
11/2014  Not-So-Bright Mishaps...
​10/2014 10 Dumb Ways to Increase Insurance.


​Business

Keeping abreast of trends and get inspired on making your mark in business. 

06/25/17  American Entrepreneural Spirit: Ideas to Independence  
02/15/17 
U.S. Open for Business 
01/25/17 
And the Self-Made Shall Inherit the Earth 
01/05/17 
Small Business the Fabric of American Society 
08/2015
Preventing Small Business Claims.
08/2015  
Myths and Facts: Business Liability...
09/2014  How the USA Prospered: Ships Sailed to the New World
08/2014 The Rise of Lloyds of London
08/2014 Why Every Size Business Needs General Liability
02/2014  What the Stars Insure.
Month of May 2019:  Safety on the site.
OSHA Guide to Recommended Practices.
Presenting what we know: The Building World, Insurance, Business.
Get the latest trends, secrets, tips and know the history to move us forward.