Some risk is normal when you’re a business owner. The challenge is what to do about it. Fully assessing what your risks are, what aspects of your business could be affected and what to do about each exposure can be a big job. But the right process makes tackling risk easy. A risk assessment is [...]
Inventory businesses are frequently advised to check the forecast and have a plan for severe weather. But advice often ends there. Less attention is paid to the different types of weather alerts, what they mean and what to do with them. For a business like inventory, weather matters. Here's how to get the most out [...]
Originally published October 21, 2020. Last updated January 23, 2025. Managing inventory comes with many challenges, an important one being how to reduce inventory damage. Damage to inventory can occur at any point in your processes. Some products are damaged at the time of receiving, some are damaged during handling or storage and others are [...]
Many inventory dealers wonder what happens when they have a claim. What claims are most common and what circumstances lead to those claims are also top questions asked by dealers. As one of the nation’s top insurance administrators, we see a lot of claims. Here are four of the most common claims for inventory and [...]