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Can an Insurance Broker Be Liable if a Loss Is Not Covered by Insurance?

Jimerson Firm

What happens when, due to a negligent error by the insurance broker, a business suffers property damage that is either not covered, or not fully covered, by what the insured thought was an insurance policy they purchased through the broker to cover the risk? See, e.g., Bennett v. Berk , 400 So.2d 2d 484 (Fla. 3d DCA 1981).

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What Is Overtrading And What Are The Risks For My Business?

Hudson Weir

Not when overtrading is taking place. In this blog, we discuss what overtrading is and what the associated risks are for your business. What is overtrading? Overtrading occurs when businesses do not have the resources necessary to fulfil orders. What are the risks of overtrading?

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Beware of the Pitfalls When Using Boilerplate Real Estate Contracts

Jimerson Firm

While these template contracts may offer a quick solution, their one-size-fits-all nature often fails to address the unique nuances of individual transactions, potentially exposing parties to unforeseen legal and financial complications. Using such a contract in this scenario would be doing a disservice to the contract buyer.

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The Do’s and Don’ts of Sending Someone to Collections

Taurus Collect

When managing your business’s accounts receivable, there are many important considerations. In this blog post, we will explore the do’s and don’ts of sending someone to the collection so that you know how best to manage these delicate situations when they occur.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

For business owners, one of the most dreaded aspects of running a successful company is what happens when customers fail to make timely payments. But how often do debt collection agencies take their clients’ customers to court? However, there are alternatives to court that can help you settle your debt.

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Debt Collection Tips for Startups: 6 Steps Entrepreneurs Must Take to Survive

Taurus Collect

Navigating the financial challenges of running a startup can be a daunting task, especially when it comes to managing receivables. When the need arises to engage a debt recovery collection agency , a solid understanding of your agreements is invaluable. This documentation can provide essential evidence during the debt recovery process.

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Navigating Commercial Debt Collection: Tips and Best Practices

Taurus Collect

In this blog post, we will delve into the tips and strategies that will help you navigate commercial debt collection effectively. What is Commercial Debt Collection and How Does it Work Commercial debt collection is the process of pursuing payment of debts owed by businesses. No Win, No Fee: This model offers risk-free debt recovery.