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.

How Building Insurance Safeguards Your Business from Hidden Dangers

Guest Author
small business building insurance and coverages

Protecting your business property is essential for ensuring its longevity and success. While you may be aware of obvious risks like fire or theft, there are hidden dangers that can pose significant threats to your business. Building insurance plays a critical role in safeguarding your investment by providing comprehensive coverage against these hidden risks.  In this article, we will explore how building insurance protects your business from hidden dangers and the importance of having adequate coverage in place. Protecting Your Business Investment  As a business owner, protecting your investment is…

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4 Trends Shaping the Commercial Property and Casualty Insurance Industry

Tate Ellison
insurance trends in commercial property sector

The year 2022 was the worst one for the property insurance and casualty insurance industry (P&C) since 2011. Insurers are likely to pay out billions of dollars due to severe weather conditions in the United States.  Hurricane Ian, which struck Florida in late 2022, caused the second largest insured losses after Hurricane Katrina, resulting in $65 billion alone. Swiss Re has revealed that the natural catastrophe losses of more than $100 billion surpassed the ten-year average by 40% last year.  Even AM Best’s new special report has made shocking revelations.…

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8 Best Practices for Small Businesses With Commercial Auto Insurance

Guest Author
commercial auto insurance and tips

Commercial auto insurance is a vital aspect of risk management for small businesses that rely on vehicles for their operations. Whether it’s a delivery service, a construction company, or a transportation business, having the right insurance coverage is crucial to protect your assets, employees, and reputation.  Allied Market Research says that this insurance policy offers tailored coverage for damages and losses associated with commercial vehicles and their owners or drivers. It provides coverage for accidents, collisions, natural disasters, fires, and other relevant situations, specifically for businesses-owned vehicles.  The global market…

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Why SMEs Should Not Skimp on Cyber Liability Insurance Investment

Guest Author
cyber liaiblity insurance for small business owners

Running a small or midsize enterprise (SME) is not a mean feat despite the relatively smaller scale of operations. As a business owner, you may struggle with money and resource constraints more often than you imagine. Embracing a savvy mindset can keep your enterprise afloat, but cutting corners in some areas may cause more harm than good. Business insurance is an element most entrepreneurs consider an unnecessary burden, but it can be a lifesaver. While you may realize the significance of commercial liability coverage, cyber liability insurance might not be…

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Climate change is sending California into an insurance crisis

Julie Campbell
Climate change - Crisis Ahead California Flag

Increasingly frequent and damaging wildfires are making coverage extremely expensive, when it’s available. Climate change has been blamed for the worsening wildfires that have plagued California over the last few years, and this problem has been affecting the insurance industry to an increasing degree, as coverage becomes more difficult to obtain, and challenging to afford when it is available. Major insurers State Farm and Allstate have stopped selling new home and business policies in California. As is the case with natural disasters in other parts of the country, such as…

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