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From Insurance to Marketing: How to Save Your New Business Money

December 2, 2021 Guest Author

The world’s most successful entrepreneurs understand the importance of saving every penny possible in business. It doesn’t matter if you’re running a home-based start-up or an international organization; it is crucial to adopt a frugal mindset to enjoy substantial revenue and growth. If you are new to an industry, you are likely eager to maximize your finances to avoid money issues and generate a healthy profit margin. Knowledge is power when it comes to business, which is why you should read the following advice on how to save your new…

Things You Should Sort in Your Business Before Opening

November 29, 2021 Guest Author

Opening a business is a very tough thing to do. As desirable as it might be to many people, it is also not plausible. It requires a very demanding amount of work and dedication, so much so that a lot of people are unable to handle such pressure; not to mention once you do finally get your business up and running, those first few weeks, months, and years can be very tough. That doesn’t mean that you should completely neglect the idea of opening a business, however. With the right…

Treasury cyber insurance claims data gets gov watchdog nod

November 29, 2021November 26, 2021 Marc

A Government Accountability Office to release report on the Treasury’s role in shaping market in the spring. The Government Accountability Office has shown its support for the Treasury Department’s rising data collection from cyber insurance providers regarding claims. The information collection occurs by way of a program permitting the government to help with payouts. The data collection is permitted because of a program making it possible for the government to help out with cyber insurance payouts to policyholders when a catastrophic event occurs. The Federal Insurance Office at the Treasury…

Commissioner Ricardo requires more commercial property insurance from FAIR

November 26, 2021November 25, 2021 Logan B.

Commercial property insurance - Business property insurance

The California plan has been ordered to include increases to the decades-old business coverage limits. California Commissioner Ricardo Lara has announced that his office has ordered that the FAIR Plan must incorporate his mandated increases to the limits to commercial property insurance. The commissioner made the order to boost the coverage limits to better support Californian businesses. Lara announced that the commercial property insurance changes were meant to support businesses in California. “My order is part of an ongoing commitment to helping businesses in California thrive as our economy recovers…

Local governments are paying more for cyber insurance but getting less

November 19, 2021November 18, 2021 Logan B.

A growing number of governments are purchasing the coverage due to the rapidly increasing risk. Though more local governments than ever are now covered by cyber insurance due to the rising risk of cyberattacks and ransomware, the trend is headed in a direction of increased rates for decreasing coverage. Higher premiums, deductibles and security protocol scrutiny are coming with the rising risks. As a result, it is becoming more expensive for municipal governments to be able to obtain cyber insurance against these types of digital attacks. The cost of premiums…

Startup Investments: Top 3 Funding Criteria’s To Help Raise Capital For Your Firm

November 4, 2021November 4, 2021 Guest Author

If you are wondering from where to start raising funds for your business or firm, let us assure you that you are not the only one looking for certain ways. Money is the fuel to run any business. But it turns out that not all of us are able to afford such huge sums to start a new business. It is a common question of all the young entrepreneurs and new business starters – From where can we get money? Who will invest in my company? Then comes some traditional…

2021 Demonstrated the Value of Captive Insurance: CIC Services Shares the 30-Day Countdown

November 2, 2021November 2, 2021 PR Article

KNOXVILLE, Tenn. – November 2, 2021 – 2020 proved to be a challenging year for many businesses as they navigated the fall out of the pandemic. As 2021 unfolded and COVID cases decreased, many experts felt this was the light at the end of the tunnel and an end to COVID woes. But unfortunately, that wasn’t the case. 2021 has had its own obstacles. Although businesses have been able to reopen and, in most cases, resume business as usual minus some concessions, businesses have still been plagued by supply chain…

Category: Business Insurance