Category: Articles
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7 Security Tips for Your Vacation Home
Do you have a second home in the mountains, at the beach, or in another getaway spot? Since you don’t spend all of your time at your vacation property, it’s important to take steps to protect your home from theft or vandalism when no one is around. A vacant home is extremely vulnerable. Have you…
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10 Tips for Boating Season
From the engine and propeller down to your trailer, a little preparation as you get your boat out of winter storage and get ready to get out on the water can help you start off the season right — and get the most out of your time on board. Here are 10 boating preparation tips…
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10 Home Theft Prevention Tips
Did you know that a home burglary occurs every 26 seconds, with an average loss of $2,799?1 Plus, most home burglaries occur during daytime hours, when thieves expect you to be at work, school or running errands. Even the safest neighborhoods can be targets for intruders. Help secure your home with these tips. Keep all your…
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How to Insure Your Home-Based Business
Entrepreneurship is a hallmark of the American dream. In today’s world of 24/7 connectivity, more and more individuals are operating a full or part-time business from their homes, allowing them to “be their own boss.” Whether it’s in-home child care, IT consulting, bookkeeping services, embroidery orders, an online business, or anything else based in your…
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How to Spot Contractor Fraud
36% of homeowners say that fraud is their biggest concern when searching for a contractor to lead their renovation projects.1 If you’re updating your property and plan on hiring a contractor, be on the lookout for the following red flags to avoid contractor fraud. 1. No references Avoid hiring a contractor who is hesitant, or unable,…
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Prepare Your Home for Hurricanes
We all know hurricanes can be devastating, so it’s important to prepare well in advance in case your home or property is ever in a hurricane’s path. When is hurricane season? The Atlantic hurricane season runs from June 1 to November 30, and the Pacific hurricane season runs from May 15 to November 30—with September…
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How to Minimize Business Interruption During Hurricane Season
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…
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Employment Practices Liability Insurance
Employment practices liability insurance (EPLI) provides coverage for allegations made by employees, former employees, job candidates, customers and vendors related to your business’s employment practices. Often these allegations result in litigation, with costs quickly adding up into hundreds of thousands of dollars. Whether you run an established company or are starting a small business, it’s…
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Rise of the Robots: Benefits, Challenges, Risks, and Mitigation of Industrial Robots
There have been multiple generations of industrial robots, beginning in the 1950s with Unimaton, the first company to exist specifically to manufacture such robots. The initial robots were called “Unimates.” These robots could perform a single task, such as removing die-cast parts in the automotive industry. Today, we have industrial robots, collaborative or “co-bots,” and…
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How Disasters Revolutionized CAT Modeling
CAT modeling provides a probabilistic calculation of property loss expectancies associated with a variety of natural catastrophe perils. Insurers and lenders are keen to understand the anticipated loss expectancy associated with a portfolio’s exposure to a particular peril, e.g., windstorm, storm surge, flood, etc. Natural catastrophe insurance limits can be costly and should be accurately…