Category: Insurance

What You Should Know About Occupational Injury Coverage

State and federal government agencies require that employers provide some form of compensation in the event of employee injury occurring during the course of the workday. For the most part, workers’ compensation insurance is a go-to for providing medical benefits and wage replacement to employees. However, not all employers can be covered under a workers’ comp program, and occupational...

Basic Coverages of Crime Fidelity Insurance

Protecting your business from fraud is a top priority, and there are many measures a company can take to prevent or detect fraudulent activity. Careful auditing protocols and comprehensive bookkeeping are two such measures. A thorough audit can stop a theft scheme in its tracks and eliminate further losses. But ultimately, you need to be insured against such damages. And thankfully, there's an...

What Is Business Cyber Insurance?

Ransomware attacks are on the rise. In fact, 2021 saw over a 100% increase in ransomware over the prior year. Colonial Pipeline paid its hackers $4.4 million. The median cost of ransom has gone up to nearly $80,000, even for small businesses. Without cyber insurance, a ransomware attack could mean the end of your business. Here's what you need to know about this coverage. How Do You Get Cyber...

A Short Guide To Truck Insurance

If you are a truck driver or use trucks as part of your business, it is important that you take precautions against all the possible risks you face. A big part of this risk management is having good truck insurance. What Is Truck Insurance? Commercial truck insurance is a type of insurance coverage that is designed to protect against a variety of common risks that trucks are exposed to on a daily...

How To Find the Right Boat Insurance Policy

Whether you love to spend time racing a sailboat across a lake or relaxing with friends on a pontoon, you need to secure the protection of yourself and your watercraft. The right general boat insurance policy can provide the right coverage to give you peace of mind. Assess Your Vessel The rates and type of coverage available can depend on the features of the watercraft, such as: Value Size Age...

Taking Out Owned Auto Coverage for Staffing Firms

No matter what type of business you run, it is important to take time to think over the ins and outs of your insurance policy. When you operate a company in a niche industry like staffing, for example, then you might forget about the various factors that influence your daily operations. Should you forget to take out coverage for an important area like your commercial vehicles, it can wind up...

Protect Your Ship Repair Business With Appropriate Coverage

Running a business in a niche industry can usually prove quite lucrative. Being able to capitalize upon an area that doesn’t have a lot of competition is a nice way to create a name for your brand. Naturally, it is also a road with a lot of obstacles. If your business has to do with commercial marine programs, then you might want to look over the additional regulations that exist. Knowing about...

A Short Guide To Yacht Club Insurance

Running a yacht club can be a great way to make an income.  Your job is essentially to help people relax and bond over boat-related things. However, yacht clubs do face a variety of risks that are land-based and maritime-related. In order to address these risks and properly protect against them, it is important that you have adequate yacht club insurance coverage. General Liability Insurance...

A Short Guide To Insurance For Mobile Entertainers

Being a mobile entertainer may seem like a relatively risk-free profession. However, this is definitely not the case. When you consider the potential for claims to be made against you and the possibility of third-party property damage, you realize very quickly that there is a lot of potential financial damage you could face as a mobile entertainer. Luckily, mobile entertainers insurance can help....

3 Key Differences Between Traditional Insurance and Risk Retention Groups

The basic idea of any risk management strategy is to spread or transfer the potential for catastrophic loss to an entity that can absorb it. While risk retention in insurance can sometimes mean a company handling its losses independently, others choose to cede the potential for loss to a risk retention group. While there are similarities between traditional insurance and risk retention groups,...