September 28, 2023
AgencyHow To Reduce Director and Officers Liabilities Through Proper Board Orientation
Best Practices for Board Orientation The board of directors plays a vital role in maintaining the organizational structure of a company. This elected group oversees the organization’s activities and meets periodically to discuss and vote on business affairs. Given the critical role board members play in an organization’s overall success, these individuals need to be […]
September 18, 2023
AgencyProtecting Your Business From Power Surges
Power surges, which are sudden spikes in electrical voltage, can wreak havoc on business equipment and systems. While they may seem like minor inconveniences, power surges can have a significant impact on a business’s bottom line. This blog explores the dangers of power surges, effective strategies to shield businesses from their effects and the crucial […]
September 7, 2023
AgencyNavigating Commercial Property Claims
GUIDE TO NAVIGATING COMMERCIAL PROPERTY CLAIMS Introduction In the event of a catastrophic commercial property loss, the process of getting your business back up and running can be overwhelming. Although infrequent, these types of claims can severely impact operations, earnings, team members and the company’s reputation. Responding to a loss can seem daunting in the […]
September 6, 2023
Agency7 Factors Driving Commercial Property Insurance Costs
Several cost-driving trends have contributed to the hard commercial property insurance market. This environment has led to continuous rate increases and other challenging conditions. In these circumstances, it’s crucial for businesses to understand why premiums have been rising. This blog discusses seven factors currently impacting commercial property insurance costs. 1. Catastrophic losses—Hurricanes, tornadoes, wildfires, winter […]
August 28, 2023
Agency4 Ways Artificial Intelligence Can Help Reduce Workers’ Compensation Expenses
Artificial intelligence (AI) encompasses machines, computer systems and other devices that can simulate human intelligence processes. This technology has the potential to change many aspects of the workplace, especially as it pertains to preventing and managing occupational injuries. As a result, implementing such technology could significantly impact organizations’ workers’ compensation programs, particularly in the realm […]
August 7, 2023
Agency6 Factors Driving Commercial Auto Insurance Costs
The commercial auto insurance space has consistently hardened over the past decade, evidenced by ongoing rate increases, limited capacity and other difficult market conditions. In this hard market, most insurance companies have struggled to reach profitability for commercial auto insurance policies. This is largely due to several cost-driving trends impacting the segment. As such, it’s […]
July 31, 2023
AgencyWhy Does Your Business Need Business Interruption Insurance?
The Importance of Business Interruption Insurance: Safeguarding Against Unexpected Disruptions According to the Federal Emergency Management Agency, 25% of businesses don’t reopen after a disaster. Business interruption insurance can play a key role in ensuring operations resume following a catastrophe. The National Association of Insurance Commissioners estimates that 30-40% of small business owners carry business […]
July 31, 2023
AgencyWhy Does Your Business Need Business Interruption Insurance?
The Importance of Business Interruption Insurance: Safeguarding Against Unexpected Disruptions According to the Federal Emergency Management Agency, 25% of businesses don’t reopen after a disaster. Business interruption insurance can play a key role in ensuring operations resume following a catastrophe. The National Association of Insurance Commissioners estimates that 30-40% of small business owners carry business […]
July 20, 2023
AgencyHow To Assess Your Business’ Cyber Risks
With cyber attacks becoming more frequent, there’s a growing chance that a business like yours will suffer a data breach or computer attack. It’s rare to find a small business that doesn’t conduct at least some of its transactions and communications online. Computers, tablets and other digital assets serve as the backbone of modern small […]
July 12, 2023
AgencyHow Does The Experience Modification Factor Affect Your Workers Comp Premiums?
Understanding the Experience Modification Factor Workers’ compensation insurance is a crucial component of protecting employees in the event of work-related injuries or illnesses. It provides medical benefits, wage replacement, and other necessary resources to injured workers while also safeguarding employers from costly lawsuits. One important aspect that plays a significant role in determining the cost […]