As hurricane season nears, it’s important for business owners, operators, and managers to ensure they have a Business Interruption (BI) policy in place, which guarantees the business is protected from any losses caused by a storm or other natural disaster. This could include lost revenue, damaged facilities, and the cost of restoring lost or damaged…
Is your business in it for the long haul? With the rising threat of business interruption, continuity planning is vital for countering the effects of crises events. In this webinar we will explore business continuity plans and business interruption insurance alongside actual claim and disaster events. We will review critical steps to implement a business…
How do you prepare your business to weather the potential damages hurricanes can cause? The good news is that a relatively small investment of time and money now may prevent severe damage and disruption to your business down the road. Here’s a checklist to get you on the right track. 1. Know your building’s vulnerability…
When a disaster strikes, physical damage is just the beginning. For many businesses, the bigger challenge is the disruption to operations, revenue, and customer trust. Business Income (BI) coverage—often misunderstood or overlooked—has emerged as a critical tool for ensuring resilience. From hurricanes and wildfires to supply chain breakdowns, real-world events have proven that companies with…
When small business owners think about cyberattacks, they picture major corporations like Target or Equifax making headlines. However, in reality, small businesses are increasingly targeted by cybercrime and often experience devastating financial consequences. Even among those businesses that are aware of today’s cyber risks, 64% believe their operation is too small to be an attractive…
In the aftermath of the January fires in Los Angeles, homeowners and business owners are working with their insurers to determine the extent of their losses and the payment amount they will receive to rebuild and recover. The wildfires will inevitably impact the insurance industry in the long term. Additionally, there will be cases where…
The average cost of a hospitality data breach in 2023 was $3.36 million, up from $2.94 million in 2022. That’s a 14% increase in the space of a year. At the same time, where the hospitality industry accounted for just 2% of data breaches in 2019, it now accounts for 4%.1 Frequency A recent report…
Small Business Insurance Your Small Business Is Unique, So Are Your Risks Whether you’re operating a hair salon, running a restaurant, or building custom cabinets, your business will have risk exposures that need to be protected. Make sure you have that protection in place in the event of: Our dedicated team of small business insurance…
Business Property Working Hard to Protect Your Business Business property insurance helps safeguard your property against the risk of loss, theft or damage. It also can help protect against business interruption, loss of income, and loss of the use of your property. Broad Protection Losses caused by fire, theft, and other disasters are included in…
Business Liability Even Minor Mishaps Can Lead to Big Lawsuits As a business owner, it’s important to have liability insurance to protect your assets. Taking these proactive steps can lower the potential cost of liability insurance claims for you and your business: How Much Coverage Does Your Business Need? Several factors contribute to the amount…