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Category: Business Insurance

Beginner’s Guide to Key Person Insurance

You have devoted your time, creativity, energy, and finances to build a business. The last problem you need is the risk of losing it all if a key member of your team passes away. Key person insurance is a specific type of life insurance that protects a business in this situation.  What is Key Person Insurance? Key person insurance pays out death benefits to a...

Professional Liability Insurance vs. General Liability Insurance

All businesses, large and small, face the risk of liability. Professional liability insurance and general liability insurance both provide protection for your business. The main difference between these two types of insurance is the different risks they cover.  What Is Professional Liability Insurance? Also known as errors and omissions (E&O) insurance, professional liability insurance is designed to protect you in case a client files a...

How Workers’ Compensation Is Designed To Work

Workers’ Compensation Insurance Workplace accidents occur every day in. Even if your business has an excellent safety program, people get injured.  Many times people who are injured at work need time to recover. Thankfully, there is workers’ compensation insurance to cover the medical and time loss costs. If an employee is injured on the job, employers are legally liable to the employee. Workers’ compensation will...

Are You In The Market For Employment Practice Liability Coverage?

A Business and Risk Update The Equal Employment Opportunity Commission (EEOC) just released the latest numbers relating to employment claims, and they remind us of the need for employment practices liability insurance. Retaliation was the most frequently filed charge with the EEOC in 2018, followed by race and disability. Sexual harassment charges with the EEOC increased by 13.6%, based on preliminary 2018 results. Monetary awards...

New Cyber Challenges For 2021

The CIOVID-19 pandemic has affected businesses operate in a significant way.  Many businesses are requiring people to work remotely.  Employers are now finding that having employees work remotely is the new normal. COVID-19 has forced commercial businesses to become more dependent on the internet.  This new normal now requires special procedure and policies to protect your organization, its data, and network. When workers feel secure,...