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Common Risks You Should Protect Your Business From

Running a small business comes with risks, no matter how careful you are. That is why it is crucial for any business owner to ensure protections are in place should they encounter a difficult situation. 

With the proper preparation and business insurance coverage, you can minimize the repercussions of the risks we’ll share in this post:

Types of Insurance Risk

There are many different types of insurance risks that businesses face every day. Some of these risks are more common than others, but all of them have the potential to cause serious financial problems if they are not properly covered.

Data Loss

Data loss is one of the businesses’ most common and costly insurance risks. And with the rise of cyber attacks, that cost will only go up.

There are many different ways that data can be lost, including hardware failure, human error, and cybercrime. And once data is lost, it can be challenging, if not impossible, to get it back. That’s why it is so crucial for businesses to have data loss insurance in place.

Data Breach

A data breach can be a severe problem for a business and can happen in various ways. A hacker may gain access to your systems and steal your data, or someone may gain access to your files through a stolen or misplaced laptop. In some cases, a data breach may result from an employee’s mistake.

You could face many serious problems if your business experiences a data breach. You may be sued by customers or other companies who have had their data stolen. You may also have to pay for credit monitoring services for those affected by the breach. Your reputation may also suffer, and you may lose customers. You should have insurance that will help protect you from the financial consequences of a data breach.

Property Damage

Property damage is one of the most common risks, and it can cause serious financial problems if you’re not adequately covered.

There are many different types of property damage that businesses can face. The most common include fire, water damage, and theft. All of these risks can have a significant impact on a business’s bottom line, and it is vital to have insurance coverage to protect against these risks.

Workers’ Compensation

One of the most common insurance risks businesses face is workers’ compensation. Workers’ compensation is a type of insurance that provides benefits to employees who are injured or become ill due to their job. It can help businesses cover the costs of medical bills, lost wages, and other expenses related to injury or illness.

In most states, workers’ compensation is required by law, so businesses must have it in place. 

Professional Service Mistakes

This risk can occur when a professional provides a service that is not up to par, and the client suffers damages. This type of risk is often covered by professional liability insurance, which can help to protect the business if a claim is made.


By familiarizing yourself with the risks your business could face in the future, you can decide how to protect your business and plan for any potential problems. Understanding the risks enables you to make informed decisions about what steps to take to protect your business. If you want to know more about the risks discussed above and the proper protection for your needs, consult an agency that offers business insurance in Conyers, GA.

The Tabb Insurance Agency offers businesses the best insurance coverage in Conyers, GA. Get in touch with us today to learn more about our business insurance plans and other solutions!

The 7 Most Common Types of Small Business Insurance

What type of insurance do small businesses require? This is a commonly asked question with no easy answer. This is because the sort of business insurance you require is determined by your sector and state. As a result, to comply with state regulations, you must purchase adequate coverage.

You may have to pay for claims if you do not have the proper small business insurance. Many small firms cannot afford to pay claims and may eventually fail. That is why small business insurance is such an important investment.

The seven most common forms of insurance necessary for small businesses are as follows:

Commercial General Liability Insurance

Commercial General Liability Insurance is a must for any small business, as it protects from claims brought by clients and third parties for bodily injury or property damage.

It is the most basic form of small business insurance for several reasons. It covers you in case of an accident on your premises and when you’re on the job. Moreover, it protects you if a customer has an accident on your premises.

Product Liability Insurance

This type of insurance protects you from damage to property, bodily injury, and death arising from using your products and services. It is also known as product liability insurance.

Product liability insurance is important for companies that manufacture and sell products and companies that provide services. It protects these companies from lawsuits arising from injuries or damages caused by their products or services.

Business Interruption Insurance

This type of insurance safeguards your business from the loss of income that results from a covered event, such as a fire or a natural disaster. It pays for your expenses, such as rent, utilities, and payroll, while your business is closed.

Business interruption insurance is important for companies that rely on their physical location to generate income. It is also important for companies that have a large number of employees.

Professional Liability Insurance

This type of insurance protects you from lawsuits arising from your professional activities. It is also known as errors and omissions insurance.

Professional liability insurance is important for companies that provide professional services, such as accounting, consulting, and engineering. It is also important for companies that sell products.

Cyber Liability Insurance

This type of insurance protects you from lawsuits arising from cyber attacks, such as data breaches and hacking.

Cyber liability insurance is important for companies that store customer data, such as credit card numbers and personal information. It is also important for companies that use the internet to conduct business.

Employee Benefits Insurance

Employee benefits insurance is a type of insurance that helps companies pay for employee benefits, such as health insurance, life insurance, and disability insurance. This type of insurance is important for companies that want to attract and retain employees.

Commercial Auto Insurance

Commercial auto insurance is a type of insurance that helps companies pay for damages that occur as a result of an accident involving a company-owned vehicle. This type of insurance is important for companies that use vehicles for business purposes.


There are seven types of small business insurance that you should be aware of: commercial general liability insurance, product liability insurance, business interruption insurance, professional liability insurance, cyber liability insurance, employee liability insurance, and commercial auto insurance. Each type of insurance protects your business differently, and it’s important to have the right coverage in place to protect your business from any potential risks.

If you are looking for a company that provides business insurance in Conyers, GA, look no further than our services here at The Tabb Insurance Agency. We provide different insurance plans and high-quality service in Conyers, GA, for all your personal and business needs. Call us today for more information about our insurance and their featured coverages.

The Most Overlooked Business Insurance Vulnerabilities

Business owners need all the coverage they can get, even if they are small businesses. Most businesses don’t know, however, that their coverage might not be enough. Here are several areas where business owners often lack coverage.

1. Cyber Protection

Make sure your business is covered on the computer and online. Most business owners don’t realize that a lot of insurance policies have a limit on the amount paid out for any one claim. So if a lawsuit results in a $500,000 judgment against you, the most your insurance will pay is $500,000. Likewise, if there is a breach of security and all the data is erased from your computer, there won’t be anywhere near enough coverage to replace all the losses.

2. Property Insurance

Business owners need to look at their insurance policies to make sure they’re covered against every type of property loss. There is often a limit to how much the insurance company will pay for any one claim, and there can also be limits for loss in a single year. Make sure both these amounts are large enough to cover your business losses. For example, if you’re in a flood zone and get 3 inches of water in your shop or warehouse, you could easily look at a loss exceeding $200,000.

3. Extreme Weather Protection

A lot of business owners are surprised to learn that they’re not covered in the event of extreme weather. For example, if a tornado or hurricane damages your property, you will not be covered unless you have special weather insurance. The same is true of fires caused by lightning and floods caused by a tidal wave, hurricane, or tsunami. You’ll want to look into extra protection for each of these events.

4. Product Liability Coverage

If you sell products in your business, you need coverage for any liability for the products you sell. This includes not only the product but any additional items that are sold along with the product. For example, if you sell a bicycle, you’ll want to make sure that you’re covered if someone is injured while riding it. You’ll also want to ensure that you will be covered if there is a defect in the product and it causes a fire in the customer’s home.

5. Hired Help Coverage

Many business owners have employees. However, if you’re not paying their benefits, medical insurance, and Social Security, you aren’t responsible for them. So if they get hurt on the job, there isn’t any coverage from your insurance company. You’re only covered if you make these payments. Many business owners are surprised to find that they get sued when an employee is injured, and there is no coverage from their insurance.

6. Equipment Coverage

Lack of equipment coverage is another area where business owners are often unprotected. If you own expensive equipment, you’ll want to ensure that it’s covered against fire, theft, flood, and any other damage. Many insurance companies won’t pay to replace your equipment if it is lost without a physical inventory.

If there is a disaster and your inventory is destroyed, you’ll need to provide an inventory of everything lost in order to get a payout. If you don’t have a written inventory, you’ll get far less, if anything at all.


There are lots of little things that business owners don’t realize about insurance. A great insurance policy is a lot like the police have to “protect and serve.” If you are a business owner, you need to make sure you have at least the standard insurance to protect your business.

You also need to take advantage of all the different types of coverage available so that your business is not susceptible to any kind of loss.

If you are looking for a company that provides business insurance in Conyers, GA, look no further than our services here at The Tabb Insurance Agency. We provide different insurance plans and high-quality service in Conyers, GA, for all your personal and business needs. Call us today for more information about our insurance and their featured coverages.

Preparing Your Business for the Event of a Flood

Just like your home, your business can flood and potentially experience extensive damage. However, your business has a completely different set of risks than your home does. After a flood in your place of business, you could experience loss resulting from damage to records, inventory, equipment, and technology as well as other valuable property and assets. You also face a potential loss of business income in the time it takes to restore your facility – not to mention the cost of debris removal, cleanup, and restoration. Business owners can mitigate risk by developing a flood disaster plan and, of course, by having the proper insurance coverage in place.

Flood Damage is Serious Business for Your Business

Flooding can be caused by many events, including heavy rainfall, overflow from rivers or ponds, or a breach in a levee or dam. Often, flash floods can occur with almost no warning. In regards to damage, floods do more than simply make everything wet. Flooding can cause structural and electrical damage. The flood water itself often contains sharp debris like metal or glass fragments or hazardous, unsanitary matter, and this water can contaminate anything it touches. Of course, if employees are present at the time of the flooding, their lives can also be in great danger.

Ask Your Agent About Available Insurance Coverage

Most standard commercial policies do not cover flood damage. However, some carriers offer coverage that is specifically tailored for business floods. The majority of these policies are provided through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). The NFIP only covers commercial property, so you will need to ask your agent about adding flood-specific business interruption coverage to protect your operation against loss of income.

Create a Comprehensive Workplace Flood Disaster Plan

One of the most important ways you can prepare your business for the event of a flood is to keep copies of your insurance documentation and other vital documents in a location that will be safe from any potential flood damage; you can even keep these documents off site if you are able. In addition to important documents, you will want to keep a backup list of all employees’ contact information. The next step is to assess the risks your building faces – check all walls and seams for cracks, move valuable items from bottoms floors if possible, and consider installing a sump pump to help prevent water from getting inside your building. Finally, in the event of an emergency during work hours, you will need an evacuation plan that all employees are trained in.

In the Event of a Flood…

You will be grateful that you have insurance to lessen the impact of the damage. Reach out to your agent today to find out more about your options to get covered.

Is Employer-Provided Insurance Enough?

You sit down with your new employer to discuss benefits, and they mention providing a low-cost or free life insurance policy. Great! You’re set, right? Don’t be so sure… Insurance provided through an employer group policy, especially life insurance, is likely not going to be sufficient for your needs and those of your dependents.

It Looks Good On Paper, But…

We’re human. If someone gives us something for free – or even cheaper than we expect – we jump at the chance to take it. This is completely understandable, but you shouldn’t let the “too good to be true” nature of employer-provided insurance blind you from seeing what you really might need coverage-wise. A life insurance plan provided through your employer likely amounts to only one or two times your salary. True, you may have the option to purchase additional coverage through your employer’s plan, but even this additional coverage might not be sufficient.

What Happens if You Leave Your Job?

If you find yourself in between jobs, and you have lost your employer-provided life insurance, your dependents will be left vulnerable in the unthinkable case of your death. Just like other workplace benefits, employer-provided insurance is not portable. You could leave your job for a number of reasons – health issues, termination, retirement, or simply wishing to move on. Even taking a leave of absence or switching to a part-time schedule could affect your eligibility for benefits. To protect against dangerous gaps in your insurance coverage, the smart thing to do is to purchase your own individual life insurance policy.

It’s Better to Act Now

Another factor to consider is your age and health status. If you are young and healthy, now is the best time to purchase life insurance in the individual market. Your premiums will likely be lower, and as you age your premiums may be higher, or it may be more difficult to qualify for coverage. Avoid potentially being declined in the future by securing the coverage you need now.

Determine What You Really Need

Opinions vary on how much life insurance the average person needs. Most experts recommend 10 times your salary. Some individuals may be able to get away with purchasing less, or even with sticking with or adding to their employer-provided coverage. That’s great! However, people with large numbers of dependents or significant debts will certainly need the most coverage they can afford. An independent insurance agent can assist you in determining how much life insurance you should have based on your own unique circumstances. Reach out today to get a quote from an agent with the experience to understand what you need.

Strategies to Reduce Employee Illness and Injury

As a business owner, the health and safety of your employees should be a top priority. Not only are healthy employees happier, but they are more productive, too. Ultimately, having high health and safety standards will also reduce costs to your business since insurance premiums will be lower with a cleaner safety record. Additionally, having employees that are healthy and able to work will reduce costs that would arise from loss of productivity or hiring and training in the case that your employee has an accident and is unable to continue.


Workplace injuries or illnesses can occur for a number of reasons. Improper application of safety procedures or protective gear, misuse of equipment, lack of ergonomic solutions, and overexertion from overtime work are common themes that lead to workplace injury–or even death. It is important to pay attention to the past injuries or accidents that have occurred at your business, so you can plan to prevent them in the future.


The best way to ensure that health and safety standards are met in your workplace is to regularly educate both management and staff about the proper procedures. While everyone may receive this kind of training in orientation, employees that stay on for several years will eventually forget what they learned and may unintentionally lapse in their duties to uphold the company’s standards. For this reason, it is a good idea to schedule employee health and safety refreshers at regular intervals.


With regular meetings about wellness and safety comes an increased awareness of the unique safety concerns that may be present at your business. Each type of business will have its own specific concerns. Meetings can be an excellent way to hear the concerns and opinions of all employees and identify matters that may need to be investigated or procedures that may need to be adjusted. If your business does not already have a health and safety plan, use these meetings to develop one based on the input of your management and staff.


Implementing high health and safety standards can do a lot to reduce the frequency of employee illness and injury, but accidents may still happen. In the case that they do, you want to make sure your company has the right insurance coverage to take care of your employees and prevent losses to your business.

How Can Your Business Be Prepared for a Fire?

Even though it made for one hilarious episode of The Office, a fire at your business is no laughing matter. Hopefully, you’ve insured your equipment and space, but even so a fire can be a major setback and, even worse, can seriously endanger everyone present. Fire prevention and safety should be practiced and encouraged in the workplace, and there are specific measures that can be taken for everyone’s safety. It is vital that everyone in the workplace is familiar with your fire plan, and there is equipment that every business should have handy.

What is your fire plan?

While the equipment and materials in your business may be costly, nothing is more important than everyone’s individual safety. That means that your first priority should be educating each employee in fire safety and devise an escape plan in the event of a fire. Any decent sized building should have an evacuation plan displayed for everyone to see. Of course, never include elevators in these plans.

Several local governments can arrange for a fire marshall to visit your business and instruct everyone. Sometimes, if a marshall cannot visit, a building’s property manager can assess the structure and inform everyone of the best ways to escape in the event of a fire.


Almost every fire code that you’ll ever be subjected to will require at least one fire extinguisher on each floor of your business. It’s never a bad idea to have more though, since they can put out small fires quickly and save valuable equipment from being damaged. Fire blankets are not always required, but having one on hand could save someone’s life.

Most laws will also demand that you have a sprinkler system and smoke detectors in place. Make sure to test the batteries in your smoke detectors routinely, since they can be your first indication of danger. In some scenarios, particle detectors capable of alerting you of other chemicals may be a wise investment. Lastly, having a first-aid kit in a known location, like the kitchen, can be instrumental in treating any injuries caused in a small fire.


The correct response to a fire is the best way to combat it. Make sure your employees know to call 911 in case of a fire and remain calm. At least one fire drill should be conducted each year, just to be positive that everyone knows how to exit the building properly.

If there are no employees trained in first aid, then hosting a workshop or class could prove valuable. When going over fire safety, teach everyone how to operate a fire extinguisher. Lastly, make sure that all of your employees know how to deal with different types of fires, such as grease and electrical fires.

Fires are unpredictable and can cause a lot of damage, so being ready to prevent or handle one can save lives and money. For more tips and advice, contact one of our agents. If you aren’t insured in case of a fire, we can help with that as well. Preparation is key to fire safety!