business liability insurance coverage Archives

Allianz points to D&O business liability insurance advantages in tough 2024

January 2, 2024December 22, 2023 H. Cutner

D&O Business liability insurance Form - 2024

The insurer predicts that there will be a spectrum of challenges worldwide that will boost coverage importance. According to a recent report issued by Allianz Commercial with regards to Directors and Officers (D&O) business liability insurance, there are so many challenges occurring worldwide that it is unlikely that the market’s soft conditions will be able to continue. Some of the largest threats to this type of coverage are expected to worsen as 2024 gets going. The authors of the Allianz Commercial 2024 D&O Insurance Report predicted that professional lines would…

What Types Of Insurance are Needed for Cleaning Companies

March 31, 2023 Guest Author

insurance for cleaning companies and the coverages

Cleaning services come in all shapes and sizes— from solo entrepreneurs to small agencies with hired employees. No matter the type or the size of your business, your goal is the same: you want to provide top notch services with adequate coverage in case of any accidents. It’s a non-disputed fact that cleaning companies such as uniqueclean.ie provide important services, but it’s also crucial to build trust. Not only should your cleaning employees treat all clients with the utmost care and respect, but you should have their backs when it…

Spott launches new pay-as-you-sell ecommerce insurance model

November 15, 2022November 14, 2022 H. Cutner

The insurer has rolled out a novel premium calculating for online businesses to pay based on what they sell. Ecommerce insurance company Spott has announced the launch of a new Pay-As-You-Sell liability insurance model. The coverage lets digital businesses pay premiums based specifically on how much they sell. The design of this ecommerce insurance is such that an online company will pay liability coverage premiums based on how much they sell and will never have to pay higher than their original premium amount. As a result of this pricing model…

When Does Your Business Need Fiduciary Liability Insurance?

July 14, 2021July 12, 2021 Nordstrom

Fiduciary Liability Insurance - man looking at computer in thought

This coverage provides a company with protection against certain forms of mismanagement. A fiduciary liability insurance policy is what provides a company and its employees against the claims that could arise due to mismanagement of benefits plans and the legal liability that can result from those claims. That said, while some businesses definitely need this coverage, others simply don’t require it. A fiduciary liability insurance policy protects a company against fiduciary mismanagement. That said, it will not provide protection to a company in fraudulent cases of theft. It’s important to…