When Does Your Business Need Fiduciary Liability Insurance?

Fiduciary Liability Insurance - man looking at computer in thought
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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…

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Is employment practices liability insurance worth it for a smaller business?

Employment practices liability insurance - women sitting around a table

EPLI can provide companies of all sizes with coverage against claims of discrimination, wrongful termination and more. Employment practices liability insurance (EPLI) sounds like the type of coverage that would only be required by a large company with hundreds of employees. However, medium and even small businesses are discovering that it can provide them with substantial benefit in the face of accusations from employees. Businesses of any size that have employees have the potential to find themselves in need of this coverage. Should a business of any size face claims…

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Insurance Tips for Entrepreneurs

Insurance tips for entreprenuers

When you are starting a new business, insurance is often one of the last things that you stop to think about. You know that you need it, but it’s rarely a priority, especially if money is already tight. However, starting and running a new business is always a risk, and the right insurance can help you reduce many of those potential threats. Much of business management is about limiting exposure to risks, and that’s why your insurance needs to be in place at the right time and with the right…

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How to Become Your Own Boss

Becoming independent and self-sufficient are two wishes of every progressively thinking individual. The desire to be dynamic, productive, and valuable is a noble perception of oneself. Why? It puts you in a position where you can positively contribute to the wellbeing of others, and most importantly, maintain control over your life. The result? You get to live a well balanced and fulfilled life. With that being said, here are five excellent tips that will help you become your own boss. 1. Prioritize your health and wellness. Becoming a boss requires…

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Pet boarding insurance covers businesses watching animal family members overnight

pet boarding insurance - dog outside dog house

These animal hotels can be run out of large facilities or may operate right out of a person’s home. Pet boarding insurance is a critical part of any business that allows animal owners to leave their furry family members to stay overnight. These companies are popular options when owners head away on vacation, when they need to stay somewhere that pets aren’t welcome, when homes are being fumigated or during renovations. Business owners can use this type of insurance policy to cover themselves against many liabilities. Managing one or several…

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Sexual harassment insurance becomes serious business concern following headlines

sexual harassment insurance #metoo

As many of Hollywood’s most powerful players see a large and growing list of allegations, companies seek coverage. Following the massive headlines made by allegations against Harvey Weinstein, sexual harassment insurance has become a serious topic among businesses. A growing number businesses are seeking to cover their executives as the Hollywood producer and a large number of others in power are accused of sexual harassment and assault. This insurance coverage trend has been growing steadily in recent years but has seen a sudden spike due to headlines. A number of…

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Strange insurance claims rise as a result of fur, feathers and creepy-crawlies

bedbug animal related strange insurance claims

Everything from peacocks to bedbugs are leading to a rise in filings with insurers in the United States. Strange insurance claims resulting from animal-related incidents are on the rise in the United States. Everything from aggressive peacocks to hotel room bedbugs are sending people to their insurers for reimbursement of their losses. This insurance data was published by Allianz SE in a report based on a recent study it conducted. Strange insurance claims in the United States involving bedbugs rose by 50 percent from 2014 to 2015, according to Allianz…

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