Live Insurance News

Business insurance claims denied to vendors at hugely popular farmer’s market

September 17, 2013September 14, 2013 Julie Campbell

st jacob farmers market fire business insurance

Some of the sellers at the St. Jacob’s Farmers’ Market which was destroyed by a fire will not receive a payment. The start of September brought devastation to a farmer’s market so unique that every year, it brings in crowds from around the world, but business insurance couldn’t save some vendor from the losses that were incurred from a massive fire that destroyed the main building. Early on Labor Day morning, flame engulfed the sprawling two-story building, leaving only rubble behind. Now, several St. Jacobs Farmers’ Market vendors are being…

Liability insurance demand is increasing in India

June 6, 2013June 4, 2013 G. Turner

Companies are experiencing exponential increases in the number of lawsuits and need protection. In India, businesses are experiencing an increase in the number of lawsuits that are filed against them, at a rate of 30 to 40 percent per year, which has caused companies to flock to their insurers to purchase liability insurance. This has boosted demand in that sector at a staggering rate, with an estimated growth of 10 to 20 percent annually. Among the more popular forms of liability insurance that businesses are purchasing include credit, director and…

Liability insurance news from exploded Texas fertilizer plant reveals tiny coverage

May 8, 2013May 6, 2013 G. Turner

The company has a $1 million policy, which is an amount that would cover only a fraction of the damage. It has just been revealed that the fertilizer plant from West, Texas, which exploded in April, holds a liability insurance policy of only $1 million, which would provide coverage for only a tiny fragment of the estimated cost that was generated by the blast. Lawyers have guessed that the amount of the policy is small enough to be considered nearly negligible. One of the attorneys, John McCoy, who represents the…

Liability insurance against cyberattacks becoming more popular in the US

March 20, 2013March 19, 2013 Logan B.

More companies are purchasing liability insurance to protect against cyberattacks A growing number of companies throughout the U.S. are purchasing liability insurance to cover the potential threats they face from cyberattacks. Insurer Marsh Inc. notes that data breaches and other cyberattacks have caused a spike in its business over the past year, with sales of liability insurance coverage for these attacks rising by a third. Marsh claims that companies that already had liability insurance coverage for cyberattacks are purchasing even more protection in order to guard themselves against hackers and…

Safeguarding your Company’s Health with Business Insurance

March 10, 2013April 14, 2014 Guest Author

Regardless of what the type of business you own, giving it an extra layer of protection will always be a wise investment. We should never gamble with our company’s assets and protecting it with the right insurance policy ensures that our business is prepared for any eventuality. But with all the insurance policies available in the market today making the choice could be difficult. Studying your options ensures that you’re getting the right set of coverage for your business. Read along and discover facts about business liability insurance – one…

Insurance news in unregulated extreme sports businesses draws industry’s attention

August 26, 2012August 25, 2012 Julie Campbell

Insurance news headlines a uninsured parasailing incident

Some companies require nothing more than an operator’s license. A recent case in Pompano Beach, Florida, is making insurance news as it draws the attention of the industry, as a woman fell to her death while parasailing on August 15 and the company offering the excursion was not insured. All that was legally required for its operation was a business permit due to the lack of regulation. The woman was Kathleen Miskell, who went parasailing through a boat operator that needed only a basic occupational license for the vehicle and…

Business insurance tips for small company startups

April 28, 2012May 26, 2012 Nordstrom

Affordable business insurance can provide significant financial protection for startups. When starting a small company, it is important to look into the types of business insurance that will be required to help you to mitigate risk and protect the financial future of your organization, no matter its size. There are certain types that will be very useful for making sure that you will be covered against a number of different potential circumstances, though there are also forms of coverage that you may not require. As you consider the various forms…