Tags: Business Insurance

Top 7 Threats to Small Businesses

Top 7 Threats to Small Businesses

Optimism drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, though, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their optimism with a healthy dose of reality. In other words, they learn to manage risk. The first step in implementing a comprehensive risk... Read More

Do I Need E&O Insurance?

Do I Need E&O Insurance? Errors & Omissions

We have some good news and some bad news. The bad news: Lawsuits, once a measure of last resort, are now commonplace in settling disputes. The good news? You can protect yourself, and your business and reputation, by investing in professional liability coverage, also known as Errors and Omissions (E&O) insurance. E&O insurance is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional.  In addition to claims of... Read More

Are You Covered in Case of a Business Interruption?

business interruption insurance

If a fire, storm or other disaster caused your business facility to be temporarily unusable, what would you do? Would you start looking for a new building to move into? Would you close down while repairs are made? Would you be able to continue paying your employees—or yourself? Ideally, you would move to a temporary location while your permanent place of business is being repaired. Business Property Insurance does not cover a move or a loss of income when a business must temporarily close. With Business Interruption Insurance, also referred... Read More

Five Things You Need to Know About Small Business Insurance

Five Things You Need to Know About Small Business Insurance

Every business should be insured, but as a small-business owner the maze of insurance coverages, policies and carriers can be confusing and overwhelming. While it is good to talk with your fellow entrepreneurs, the best place to get insurance information is from an independent insurance agent who specializes in business insurance. Business insurance agents are familiar with a wide range of business needs, can help you understand the different business insurance coverages and will help you determine which type of business insurance is best for your company. Here are five... Read More

Cyber Liability Insurance–What You Need to Know

cyber liability insurance--what you need to know

Does your business use computers? Do you rely on technology for record keeping, transactions or services? Is your data protected? No, not the computers themselves, though that is important. Is your data protected? What will you do if a laptop is stolen or your computer system hacked? Cyber Liability Insurance is what protects your company in the event of a data breach, electronic catastrophe or even unwise social media use. Traditional liability insurance policies rarely protect against most cyber liability exposures. Standard commercial policies are written to insure against injury... Read More