The Importance of Event Insurance: What the Pandemic Has Taught Us

event insurance and why its so important

The pandemic has completely disrupted the lives of people across the planet. It has destroyed lives and businesses and forced the rest of us to adapt to a new way of life. The situation we are in has been a wake-up call for many of us on a wide variety of issues and have changed the way most people view event insurance. Many have been fundamentally changed by their experiences during this period. Among the many lessons have been things like appreciating the small freedoms that have temporarily been lost…

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Five Things to Consider Before You Invest In Business Insurance

Five Things to Consider Before You Invest In Business Insurance

The fine line between total loss and sustainability is a measure of the risk a business possesses. Entrepreneurs take up business risks in expectations for future gains and rewards. This means that all companies, regardless of their industry or operational nature, are continually exposed to financial risk. Unforeseen expenditures or unaccounted financial burdens are ordinary in every small and large business. While some industries may be less risky than others, unfortunate events are common occurrences and can have devastating consequences on one’s business. What should business owners do to protect…

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What Insurance Do You Need If You Are in the Home Care Business

Home care business insurance

The home care industry is growing. With demand comes responsibility. Home care poses greater risks than taking care of patients in a medical facility or a nursing home. This is because in an in-home care setup, the responsibility and risks will be solely on your shoulders. To protect your business and your personal assets from such risks, you need insurance. Getting insurance for your home care business is not an option. It’s a must. Without proper insurance, you can end up losing your business in the event that you’re bombarded…

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Petbusinessinsurance.com the #1 agency for the Pet business industry

pet insurance for business and how it works

We here at Pet Business insurance want to make sure every pet business gets insured with the specialized types of insurance coverage that are available to them. Unlike normal business insurance, pet businesses have extra options such as animal bailee coverage when getting property coverage. Animal bailee coverage protects business owners when a pet in their care gets injured or dies. According to Forbes, this is a great time to start your very own pet care business! Millennial and Generation Z Americans are pet-obsessed, accounting for 62% of pet ownership. …

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Broadway giant Jujamcyn Theatres sues insurers over pandemic payouts

Jujamcyn Theaters - Image of the interior or a theater

The company operates big-name theaters and is suing two insurers for the size of the payments. Jujamcyn Theaters, operator of the homes of top shows such as “The Book of Mormon”, “Moulin Rouge: The Musical,” “Hadestown”, and “Mean Girls,” is suing its insurance companies. The insurers named in the lawsuit include the Pacific Indemnity Company and the Federal Insurance Company. According to the Jujamcyn Theaters filing, the insurance companies paid only $250,000 for covering what it alleges should be “tens of millions of dollars” in losses associated with the pandemic…

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Morgan Stanley insurance offerings move into P&C coverage

Morgan Stanley insurance - hand holding bubble with house inside

The firm’s partner brokers will be offering wealthy clients these new coverage products. Morgan Stanley insurance products now include a range of P&C products designed for high net worth clients and their families. The brokerage has partnered with Marsh Private Clients Services, HUB International, and Willis Towers Watson to add to its available products. Support for the brokerage’s insurance clients will be provided through “dedicated service teams.” According to Barron’s, “dedicated service teams” will provide Morgan Stanley insurance customers with service. Clients will also be able to benefit from a…

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Cannabis business insurance options weak despite thriving marketplace

Cannabis Business Insurance - Cannabis being weighed

Only six large insurers in the United States are currently offering this type of coverage. Despite the fact that 32 states have legalized medical and/or recreational marijuana use, it remains challenging to obtain cannabis business insurance for companies in this market. There are a number of difficulties that are holding insurers back from selling this coverage. Among the top hurdles in the way of cannabis business insurance is the fact that medical and recreational marijuana use remains illegal on a federal level. As a result, despite the fact that it…

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