Security Breaches Top Concern For Many Business Owners
Posted: April 25, 2023
Security Breaches Top Concern For Many Business OwnersOver the last several years, cyber liability coverage has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have if they don't already. From retailers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the great cyber liability exposure they face. Recent state laws require companies that have experienced a cyber liability breach to...
Directors & Officers Ridk
Posted: April 9, 2023
Directors & Officers RidkDirectors' and officers' liability insurance helps protect the assets of the firm, owners, executives, and managers if individuals, competitors, third parties, or government regulators make claims. A lawsuit against directors and officers most commonly occurs when shareholders (private or public), clients, competitors, or others feel they suffered a loss in the value of their shares because of actions that the board or senior management took...
Commercial Insurance Keeps Your Business Running
Posted: November 11, 2022
Commercial Insurance Keeps Your Business RunningSmall businesses account for 89 percent of all companies. A small business is one that employs fewer than 75 people. In reality, most small businesses have seven or fewer employees. When you own a small business, it doesn't take much to derail it and force you to close your doors. Having the right commercial insurance can provide you with the protection you require to survive. Trying to keep...
Does Your Business Need Interruption Insurance?
Posted: August 16, 2022
Does Your Business Need Interruption Insurance?There is no doubt that commercial insurance has many complex terms and coverage that cause some to ask, “Why would I ever need that kind of insurance?” One term that is not immediately obvious as to its meaning is “Business Interruption coverage”. and the benefits of having it as part of your commercial insurance package. Business Interruption Defined Business interruption insurance is intended to compensate...
Workers' Compensation Cost Reduction Tip
Posted: July 28, 2022
Workers' Compensation Cost Reduction TipIt is true that no company will be completely free of Workers’ Compensation claims. Accidents do happen, and that is why you have Workers’ Compensation Insurance. The goal should be to develop a pattern of reduced claim numbers and claims costs from year to year. One effective way to manage these costs is to change the way you hire. We have noticed that when companies...