Pittman Insurance Group

18
Nov

The Four Major Causes of Business Interruption

In Allianz’s annual Risk Barometer report, business interruption ranked number one for six consecutive years from 2012 to 2018, making it the most crucial business-related risk today. According to the aforementioned report, the financial losses resulting from business interruption typically tend to be significantly higher than the financial losses resulting from property damage. More specifically, the average business interruption and

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25
Aug

What You Need to Know About Workers’ Compensation Claim Process

Many construction companies lose a considerable amount of money in workers’ compensation claim cases. Managing these claims can be difficult if you don’t pay attention to the details of the process. Here are the things that you should check to ensure a formulated post-injury process is in place. Ensure Proper Reporting Including Claim’s History The first thing to do in

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18
Aug

Exploring Your Business Insurance Needs in Northern Carolina

As home to many small businesses, North Carolina is a state that attracts many entrepreneurs. One of the first things to think about when launching a startup in NC is your business insurance needs. Here’s a business insurance guide that highlights what you need to know about proper coverage in this state. Types of North Carolina Business Insurance Offered Two

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4
Aug

13 Important Facts That You Need to Know About Surety Bonds

Many industries in North Carolina and across the country reinforce professionalism and discourage malpractice by requiring professionals to have a surety bond. A surety bond is a contract between multiple parties (principal, surety, and obligee) wherein the surety guarantees that the principal will fulfill their obligations as per the terms of the bond. Here are some of the essential facts

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28
Jul

Is Workers’ Compensation Insurance Needed by a Sole Proprietor?

Being a sole proprietor of your business means you make all business-related decisions on your own. If you are a sole proprietor with no employees whatsoever, you are not required to purchase workers’ compensation insurance. However, getting this insurance can still be beneficial for you even if you have no employees. With workers’ compensation insurance, if you are injured on

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21
Jul

Business Interruption Insurance for Lost Wages

While some businesses are perfectly safe with just one type of business insurance, others need more comprehensive policies. One of the most common types of insurance needed for business is business interruption insurance which covers the loss your business might experience in the event of a temporary shut down or compulsory move. It provides financial support to help you stay

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14
Jul

Different Types of Commercial Claims and How to Handle Them

All businesses, whether large or small, are bound to experience certain mishaps. It is advisable to get commercial insurance policies that will protect your business income and operations in the event of such unfortunate accidents. However, handling insurance claims can be a complicated process, which is why it is important to work with an experienced insurance agent who will help

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7
Jul

Is Professional Liability Insurance Needed by Contractors?

It is a well-known fact that businesses must carry insurance, but many people seem to forget about the independent contractors who offer their services to different businesses or companies. Like business owners, contractors also need professional liability insurance to be well protected if an unpleasant or unforeseen situation arises. What Is Contractors Professional Liability Insurance (CPL Insurance)? This policy offers

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30
Jun

Understanding Internet Defamation & How You Can Protect Your Business Against It

Internet defamation can happen in various digital forms, such as a blog article, a social media comment or post, or an online news report. It can hurt your company’s revenue or reputation among your customers and other stakeholders. If an individual or organization has defamed you online, you’ll want to move quickly to control damage and preserve your image. Here’s

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24
Jun

General Liability Vs. Errors and Omissions Insurance: What You Need to Know

Liability protection is a crucial component of any business’s success strategy. If a client accuses you of causing them financial loss due to poor quality work, you’ll need liability protection. If a guest is injured in a trip, slip, and fall accident on your premises, you may be held liable, too. Having general liability and errors and omissions insurance keeps

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