October 23, 2023
AgencyFive Cyber Readiness Practices to Boost Your Cybersecurity
Cyber threats are an ever-present concern across businesses, non-profits and public entities with organizations of all sizes often targeted by advanced and evolving attacks. The annual Travelers Risk Index shows cybersecurity persistently remains a top concern. The impact of cybercrimes like ransomware attacks, social engineering fraud and business email compromise make the implementation of robust cyber readiness […]
October 18, 2023
AgencyUnderstanding The Impact of Secondary Perils on Property Insurance
Secondary perils, such as severe convective storms, floods, wildfires and hailstorms, have significantly impacted the commercial property market. In fact, according to industry data, secondary perils have consistently accounted for over 50% of insured natural disaster losses in recent years. This blog provides more information on secondary perils, including their impact on the property insurance […]
October 12, 2023
AgencyWhat Is The Difference Between Commercial Excess Liability And Umbrella Insurance?
Commercial excess liability insurance and umbrella insurance are secondary coverage policies that attach after primary insurance policy limits—such as general liability, employer’s liability and commercial auto insurance—have been exhausted. This additional coverage can protect your business from the financial consequences of large losses that exceed what your primary insurance can cover. While excess liability and […]
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 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 […]