3 Common Small Business Risks to Understand

Do you own a small business? If you haven’t taken the time to evaluate the risk level of your company, you are putting yourself and your enterprise in serious financial jeopardy. Here are three common risks to know and understand.

Risk #1: Property Damage

Property damage is a serious risk that all businesses face—no matter what the size of the company. Fire, theft, vandalism, bad weather, and other similar circumstances where the items you need to run your company are damaged to the point of repair or replacement all fall into this category. This can even include the building where your firm operates, if you own it. As you can tell, property damage can become costly in the event of a situation, so it is very important to protect yourself with adequate insurance coverage ahead of time.

Risk #2: Liability Claims

Liability claims happen anytime a third-party is accidentally injured—either physically or emotionally—by the direct actions of your company or employees. This extremely broad category spans everything from minor injury to malicious slander. Unfortunately, liability is one of the most expensive risks a small business faces due to the rising cost of healthcare bills in this country and the chance that the other person might file a lawsuit. A good professional liability policy is a must-have protection mechanism for all small businesses.

Risk #3: Worker Injury

All small businesses that have employees encounter the risk of worker injury. These instances can range from minor sprains and strains to life-threatening accidents. Here in Texas, worker’s compensation insurance is a requirement that can greatly help you protect your company against a staff member’s injury. However, regularly offering safety classes and creating an environment that fosters the well-being of employees is a good way to mitigate a situation from even happening in the first place.

Ensure your business is protected against these risks and many others. Please contact our team at State Insurance Solutions for further information.

6 Ways To Assist At The Scene Of A Car Crash

When you live in Dallas, it’s likely that you are going to see a car crash from time to time. Instead of driving by and expecting someone else to stop, it can be beneficial for you to stop and assist. There are many ways for you to be of assistance when there is a crash.

Park Your Car
One of the first things you want to do is park your car, at least 100 feet away from the crash. There may be a fire, broken glass, and various other issues. You don’t want to be anywhere near any of this.

Call 911
Call 911 as soon as you are out of your car. The operator is going to ask you a series of questions, including the location of the crash as well as the number of vehicles involved. Provide answers as thoroughly as you can.

Look After the Victims
Go to each of the vehicles and look after the victims. Be sure to tell them that 911 has been called and the emergency vehicles are on the way. If you know first aid, try to administer in order to reduce bleeding and care for the people who have been injured.

Turn Off Cars
Be sure that all of the cars involved in the crash are turned off so that they are no longer engaged.

Leave a Statement
Leave a statement with the police to let them know everything that you saw.

Provide Your Contact Details
Provide all of your contact details to the victims so that they know how to reach you in the event they choose to file an investigation or lawsuit.

Call and speak to one of our State Insurance Solutions agents today. We can answer questions, obtain quotes, and help you find a policy you can count on in Texas.