Tag: business coverage

Businesses turn to tax insurance to cover themselves from unfavorable rulings

Nordstrom
Tax insurance - Business People

Underwriters and brokers are seeing their busiest year ever from companies buying these policies. Governments worldwide have been cracking down on companies that have been avoiding their taxes, and businesses are now buying tax insurance more than ever before in order to protect themselves against a costly dispute or unfavorable ruling. This year has proven to be a record-breaking year for the number of policies purchased for this reason. According to brokers and underwriters, by the close of December, this year will have seen the most tax insurance policies. This…

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Cyber insurance policies are rapidly producing more claims in the EU

H. Cutner
Cyber insurance policies - cyber attacks

The number of filings insurers are receiving across Europe has seen a sharp increase. European insurers are receiving a much higher number of claims on cyber insurance policies, reflecting an increase in malicious digital attacks. Organizations are increasingly digitized and are facing growing vulnerability to attacks. This new cyber insurance policies data was a part of the findings from Marsh, Wavestone, and CMS law firm research. It involved an analysis on claims data managed by Marsh across the EU. The data showed that the claims growth rate over the last…

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Thrift shop insurance protects second-hand and resale company

Marc
Thrift Shop Insurance - Second Hand store sign

Specialized business coverage helps owners to know they have protection specific to their needs. Resale shops are skyrocketing in popularity for a number of trending reasons and thrift shop insurance helps to make sure those business owners have coverage tailor made for their unique needs. A resale or second-hand store needs standard forms of coverage but faces certain unique risks. Due to the unique risks resale and second-hand shops face, owners tend to find the greatest peace of mind from thrift shop insurance policies. These have been created with the…

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App developer business insurance steps beyond general coverage

G. Turner
App Developer Business Insurance - Computer IT

IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…

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Clothing alteration business insurance for repairs and tailoring companies

G. Turner
Clothing Alteration Business Insurance - Business Suit

These businesses have a very unique position in today’s society, often improving expensive garments. Clothing alteration business insurance is an important and yet often overlooked component of operating this type of company. Today’s consumer depends on tailors and alterations experts to ensure their garments fit perfectly. Your customers have unique and specific tastes and expect your services to produce results that meet or exceed their expectations. They want you to repair damage to articles of clothing they love and want to wear again or that have sentimental value. They also…

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