8 Important Insurance Conversations Every Business Owner Should Have Running a business comes with a fair share of risks, and one of the best ways to protect your hard work is through comprehensive insurance coverage. While selecting a policy might seem straightforward, there are essential conversations that every business owner should have with their insurance…
Gone are the days when phishing attempts were easy to identify and limited to only emails. While malicious messages are nothing new, they’re becoming more sophisticated and harder to pick out from legitimate business communications. They are also coming at us through texts, social media chats and even phone calls. A few simple actions with…
Imagine this hypothetical scenario: you’re a small business owner who needs to fill an open position at your company. After sorting through resumes and interviewing four candidates, you hire the one you think will be the right fit for the job. Your new employee joins your team, and business continues as usual. Three weeks later,…
Rather than using a letter of credit (LOC) to guarantee performance, businesses can work with insurance carriers to fulfill their performance guarantee needs. Securing bonds rather than LOCs enables an organization to preserve credit limits and cash reserves for other important business reasons, such as equipment purchases or inventory requirements. Commercial contract (performance) bonds ensure…
How Does Cyber Insurance Work? The cost of dealing with a data breach goes beyond repairing databases, strengthening security procedures or replacing lost laptops. Regulations requiring notifications to affected customers also drive up costs for companies when a data breach compromises personal or confidential data. Traditional business insurance may not be enough to protect companies…
Each new year brings its own unique set of opportunities and challenges for small business owners. And 2022 is no exception. From shifting consumer shopping habits and government regulations to emerging technologies and the continued effects of the pandemic, it’s enough to make any small business owner take a moment to seriously consider what’s coming…
Small Business Insurance Glossary Trying to understand how your small business insurance works, but having trouble with the language? We understand. Here are some of the more important terms to help you understand your policy. Signing Up Endorsement/Rider: Additional protection purchased in addition to your core business owners policy (BOP). You can use riders to add…
Are You Covered When an Employee Claims Harassment or Discrimination? You probably never want to imagine a situation in which an employee, a former employee or an employment candidate sues your business for sexual harassment or discrimination (on the basis of, for example, age, sex, race or disability). Unfortunately, though, it does happen. Sexual harassment…
