Cyber insurance coverage critical as Homeland Secretary warns over ransomware

Cyber insurance coverage - cyber security

DHS Secretary Alejandro Mayorkas said coping with ransomware will become a top priority. Cyber insurance coverage importance has never been clearer than it became when Department of Homeland Security (DHS) Secretary Alejandro Mayorkas warned that dealing with ransomware will become a top priority. This has only underscored the rising threat of cyberattacks and the data-scrambling malicious software. Ransomware is a type of malicious software that locks an individual, company, organization or government out of its files and networks until a payment is made. This type of attack has been rapidly…

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The Importance of Event Insurance: What the Pandemic Has Taught Us

event insurance and why its so important

The pandemic has completely disrupted the lives of people across the planet. It has destroyed lives and businesses and forced the rest of us to adapt to a new way of life. The situation we are in has been a wake-up call for many of us on a wide variety of issues and have changed the way most people view event insurance. Many have been fundamentally changed by their experiences during this period. Among the many lessons have been things like appreciating the small freedoms that have temporarily been lost…

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Trapped Suez Canal ship Ever Given insurance providers face millions in claims

Ever Given Insurance - Image of Cargo Ship

The owner of one of the largest container ships in the world is making massive insurance industry news. The Ever Given insurance claims following the container ship’s disastrous blockage of the Suez Canal are expected to total millions of dollars. In fact, insurance industry news sources were already predicting that total even if the massive ship had been rapidly refloated. The 247,000-ton, 1310-foot ship ran aground last Tuesday morning after it lost its steering. A dust storm and high winds contributed to the container ship’s loss of control, according to…

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5 Hotel insurance policies you should have as the business owner

what type of insurance do you need to run a hotel business

This type of business involves a substantial amount of risk, but the right coverage offers protection. When you’re first starting your new business, the right types of hotel insurance coverage are a critical component of your success. The right policies make sure you’re financially protected against what could otherwise be catastrophic. Of course, hotel insurance isn’t the only component of a successful business strategy.  You will need other business essentials, too.  This likely includes a hotel management system that will provide you with everything you need from the start, and…

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Five Things to Consider Before You Invest In Business Insurance

Five Things to Consider Before You Invest In Business Insurance

The fine line between total loss and sustainability is a measure of the risk a business possesses. Entrepreneurs take up business risks in expectations for future gains and rewards. This means that all companies, regardless of their industry or operational nature, are continually exposed to financial risk. Unforeseen expenditures or unaccounted financial burdens are ordinary in every small and large business. While some industries may be less risky than others, unfortunate events are common occurrences and can have devastating consequences on one’s business. What should business owners do to protect…

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Tips for Finance Enthusiasts to Up Their Game

Tips for Finance Enthusiasts to Up Their Game

It is a good idea to stay ahead of your finances. If you’re a financial enthusiast, you’re most probably on the constant hunt for great tips to implement. Money is an essential part of life, and managing it is a vital life skill. Once you get the hang of looking after your money and knowing when to spend it, you’re setting yourself up for a peaceful life. Here’s how you can take your finance game to the next level: 1. Make A Budget. Always start any financial endeavor with a…

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Things to Keep in Mind before Starting a Travel Agency

Things to Keep in Mind before Starting a Travel Agency

In today’s dynamic era, the mundane 9-5 jobs don’t appeal to the upcoming millennials. As a result, they step into entrepreneurial ventures with a vision to expand their horizons and explore the world. While some think of becoming tour guides, others have bigger plans like starting a travel agency. After all, what could be better than exploring new places, cuisines, and cultures while making money?  The travel industry is consistently growing, which means that travel demand isn’t likely to drop anytime soon. In short, people love to travel, and these…

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