Category: Business Insurance

A great resource for both brokers and business owners who are trying to understand what type of business policy works best for them as well as keeping up with terms and changes within the industry. Being informed on the latest business insurance news can be easy with our online resouce updated daily.

5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

Guest Author
5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

It’s not difficult to both love and hate insurance. Few of us enjoy paying for it every month, but we are relieved to have it if something bad happens. That is definitely the case for both home and business insurance.  Buying either can be a costly endeavor, but the good news is that you don’t have to be stuck with high monthly premiums. Instead, by shopping around, working with the insurance company, and living in places with fewer risks, you can make the payments much more manageable. Let’s look at…

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Should unvaccinated health insurance rates be higher?

H. Cutner
Health Insurance Rates - Money

An Ipsos poll shows over 40 percent of employees feel that this would be a fair move. According to the results of a recent survey conducted by Ipsos for Eagle Hill Consulting, more than 40 percent of American employees support higher health insurance rates for people who choose not to be vaccinated. This suggests that vaccinated American workers are seeking more punitive strategies for unvaccinated counterparts. Note: This article is a report on the findings of the survey and does not necessarily reflect the views of Live Insurance News, its…

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How to protect your business investments

Guest Author
How to protect your business investments

It can be a risk to start a business as it is a costly affair. Investing your time and hard-earned money can be both thrilling and scary. So, you need to make sure that your business investments are properly protected. Here are some tips on how to do so.  It can be risky business investing. And it is even more so if you invest in your own business and need to get started from the bottom. It can be a tough world to enter but it also has potential for…

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Does a small business need commercial auto insurance on a personal car?

G. Turner
Commercial Auto Insurance - hands surrounding car

Small business can use personal vehicles for work, but personal policies may not cover it. Commercial auto insurance also goes by a number of other names, such as business auto, commercial vehicle, commercial car, truck, or fleet insurance. The name depends on the type of vehicle being insured, but the concept is all the same. This type of policy protects you company from financial responsibility in the case of a collision. If an auto collision should happen, it’s the commercial auto insurance that protects the company from being financially responsible…

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Cyber attack insurance claims increasingly involve CEOs as victims

H. Cutner
Cyber attack insurance - Phishing Scam

BOXX Insurance has found that C-level executives are easy “spear-phishing” targets. Cyber attack insurance company, BOXX Insurance, based in Toronto, Canada, has found that CEOs and other C-level executives are increasingly victims of spear-phishing scams. Credentials for execs at this level are sold as cheaply on the dark web as $250 per user. The cyber attack insurance provider has cautioned that executives are increasingly filing claims after having been targeted by fraudulent emails which appear to have come from a source they trust. The emails request confidential email, which is…

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Chubb CEO says cyber insurance rates are inadequate

Marc
Cyber insurance rates - Cyber insurance on screen

Evan Greenberg stated that the premiums currently paid are not reflecting the catastrophe risk. Despite the fact that cyber insurance rates have been rising, they are still not yet an accurate reflection of the potential catastrophic effects that a widespread cyberattack could have, said Evan Greenberg, CEO at Chubb Ltd. According to Greenberg, even thought the prices are rising, it’s still low when compared to the risk. “The pricing environment is pretty good,” explained Greenberg as quoted in a Claims Journal report. “But … that is not addressing by itself…

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When do businesses need workers compensation insurance?

G. Turner
Workers compensation insurance - Work injury claim form

In many cases, this coverage is state mandated, so companies need to know when it applies to them. Workers compensation insurance is a type of policy that covers claims related to injuries employees sustain while on the job, including lost wages, medical expenses, rehabilitation, death benefits and more. As such, this type of coverage is typically meant for any company that has employees. It can be quickly and easily obtained from a reputable company such as Embroker. These types of claims are exceptionally common, and coverage is often required by…

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