June 26, 2023
AgencyHow To Prevent Vehicle Theft
The National Highway Traffic Safety Administration (NHTSA) reports that vehicle thefts in the United States are on the rise, with more than 1 million motor vehicles stolen in 2022—a 25% increase from previous years. In partnership with the National Insurance Crime Bureau, the NHTSA encourages all vehicle owners to be extra vigilant in their security […]
June 22, 2023
AgencyHow Contractual Risk Transfer Can Help Businesses Reduce Insurance Claims
Contractual risk transfer (CRT) is a risk management technique that allows a business to shift potential liability to another party through a noninsurance contract or agreement. This mechanism aims to transfer risk to the party that is better equipped to manage and control it. While insurance is the most common method of risk transfer, CRT […]
June 22, 2023
AgencyHow Contractual Risk Transfer Can Help Businesses Reduce Insurance Claims
Contractual risk transfer (CRT) is a risk management technique that allows a business to shift potential liability to another party through a noninsurance contract or agreement. This mechanism aims to transfer risk to the party that is better equipped to manage and control it. While insurance is the most common method of risk transfer, CRT […]
June 16, 2023
AgencyHow Cybercriminals Are Weaponizing Artificial Intelligence
The past few years have seen artificial intelligence (AI) surge in popularity among both businesses and individuals. Such technology encompasses machines, computer systems and other devices that can simulate human intelligence processes. In other words, this technology can perform a variety of cognitive functions typically associated with the human mind, such as observing, learning, reasoning, […]
June 15, 2023
AgencyUnderstanding Management Liability Insurance
Management liability insurance is a crucial component of an organization’s insurance portfolio, as it can provide coverage for a business and its leaders. Running a business entails a multitude of responsibilities and decisions. Whether they are making strategic choices or overseeing daily operations, business leaders are exposed to numerous risks. Management liability insurance consists of […]
June 12, 2023
AgencyHow To Avoid Underinsuring Your Home
Your home is one of your greatest assets and a significant long-term investment. As such, it’s vital to protect your home and its contents with adequate homeowners insurance. Nevertheless, recent research found that many homeowners lack proper coverage. In fact, nearly 2 out of every 3 homes in America are underinsured—which means that the home […]
June 7, 2023
AgencyThe Importance of Prompt Incident Reporting For Small Businesses
Businesses should take every incident that could result in a claim seriously, no matter how minor the event may seem. For example, if a patron slips and falls but appears unharmed, they could still file a claim several weeks later for injuries that may not have been immediately apparent. If a business failed to promptly […]
June 4, 2023
AgencyTrailer Safety Week
Its Trailer Safety Week! Towing can be a convenient way to transport a variety of items, from boats to RVs to construction equipment. However, towing involves the interaction of several components, including the driver, tow vehicle and trailer, each affecting the combination’s safety. With that in mind, here are some tips to help make your […]
May 30, 2023
AgencyUsage-Based Insurance and You
As a result of increasing auto insurance premiums, consumers are showing interest in usage-based insurance (UBI) options. According to the J.D. Power 2023 U.S. Insurance Shopping Study, 22% of insurance shoppers were offered a UBI option and 18% purchased it. UBI uses telematics software to monitor driving habits. The insurer assigns rates based on safety […]
May 24, 2023
Agency10 Essential Cybersecurity Controls Every Business Should Implement
Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent, impacting organizations of all sizes and industries. As such, here are 10 essential cybersecurity controls that organizations can implement to help manage their cyber exposures: Multifactor authentication (MFA)—While complex passwords can help deter cybercriminals, they can still be cracked. MFA can help […]