business insurance company Archives

Business insurance is growing for added tax and litigation protection

December 20, 2023December 19, 2023 Logan B.

Rising risks are driving companies to purchase more coverage against potential financial losses. For the last year, business insurance coverage for tax and litigation have been sharply on the rise and experts are predicting that this trend will only continue in the same direction. As companies increasingly learn of these benefits, they are pushing their coverage to higher levels. Mergers and acquisitions as well as other commercial deal structures have been transformed by the addition of these forms of business insurance during the last couple of decades. They have provided…

Natural disasters have affected about 1 in 3 American small businesses

October 1, 2015September 30, 2015 Julie Campbell

Natural Disaster damage insurance trends

A new app has been developed by Allstate in order to help these companies to prepare for such events. Regardless of how much entrepreneurs would like to deny the truth of the matter, natural disasters do happen, and about one third of U.S. companies are affected by them at some point in their existence. These can come in the form of severe rainstorms, snowstorms, earthquakes, wind, flooding and other catastrophes. When these natural disasters strike, insurance claims are much easier to make when certain basic steps have been taken in…

Severe weather leads to over $1.2 billion in insurance losses in March

April 10, 2012April 9, 2012 Marc

Insurance industry gets hit with huge losses for 2012. Global reinsurance intermediary, Aon Benfield, which is also responsible for the Aon plc capital advising, has released its most recent Global Catastrophe report edition, which provided an overview of the global natural disaster events of March 2012. The report was published by the catastrophe model development center of excellence for the company, Impact Forecasting. It showed that a number of serious weather events struck the Tennessee Valley, the American Midwest, and the Southeast of the country during the first week of…

What type of insurance coverage should small businesses consider?

April 8, 2012April 30, 2013

Basics of commercial insurance coverage plans Proper insurance coverage is important for companies of all sizes, but when it comes to shopping for policies, small business owners often struggle to know what they should be buying. This is because there are several different types that should be considered and that may need to be covered. It can be vital to the financial security of a small business that it covers itself against the main risks involved in the ownership of that business. The right policy will make the difference between…

What should you think about when you consider buying cyber insurance

April 2, 2012April 2, 2012 Nordstrom

Data breaches are a form of attack that can come on with absolutely no warning or provocation, and can cause either very little or no damage, or can cripple a business’s ability to function. Because they are so unpredictable, making them extremely challenging to budget for, cyber insurance is considered by many to be a very practical way to offset any of the unanticipated costs that can be associated with them. That said, it remains very important to take additional preventive efforts and security practices to ensure that your data…