Tag: Commercial

5 Essential Tips to Reduce Data Breach Exposure

  Data breaches are increasingly becoming one of the biggest plagues of modern businesses, be those small or big companies. With cyber security becoming a problem for everyone, it’s a good thing to start thinking more about it, if you’re not already. Data breaches can be simple nuisances, or they can seriously jeopardize your entire… Read more »

What is the Role of an Additional Insured on Your Policy and Why It Is Important?

  If you are an Additional Insured, you enjoy the benefits of being insured under an insurance policy. An Additional Insured is typically associated with general liability insurance policies and property insurance. It provides coverage to individuals and groups that were not named initially. It refers to anyone other than the policyholder who is covered… Read more »

8 Reasons Why Subcontracting May Be Right for Your Business

  Subcontracting is the practice of hiring outside of your company to perform tasks under contractual agreements. Why would you require the help of subcontractors? No matter how strong your team is, there are times when they may not have the necessary skill set to get a job done. And if you have a job… Read more »

Top 3 Reasons Why Insurance Brokers are Better than Agents

If you’re one of those people that have used the terms insurance broker and agent interchangeably, you probably didn’t realize that they are two different things. While their functions are similar, they’re not identical. The Difference Between Broker and Agent As mentioned, brokers and agents have their similarities; both are licensed to distribute insurance, adhering… Read more »

What to Expect When Filing and Insurance Claim

In the unfortunate event of suffering a loss due to damages, either to your home, business, car, or even worse yet, to yourself or a loved one, you will need to file a claim with your insurance carrier. Together, you will go through the necessary steps and procedures that ensure you will receive a fair… Read more »

What Manufacturers Need to Know about Commercial Policies for Your Business

  Whether you have a small manufacturing firm or a big one, a Commercial Liability Insurance, also known as a Comprehensive General Liability (CGL), is insurance protection that you will need to help you withstand potential financial losses from liability lawsuits. CGL is a standard insurance policy that protects companies against liability claims for bodily… Read more »

Why Should Business Owners Have Insurance?

The future is a more dangerous place without insurance — especially if you’re a small business or home-based business owner. Insurance coverage is still the best way to protect your business from risks that can endanger your existence and profitability. But protecting your business, you also protect your employees, your property, your products or service,… Read more »

Directors & Officers: D&O Insurance Coverage & Exclusions

What happens in the event that company leaders are held personally liable should their negligence or lousy judgment cause profit loss? And what happens if they are then sued by customers, investors, competitors, vendors, or even its own employees? If they’re protected by Directors & Officers Insurance (D&O), then their defense costs and payment for… Read more »