In the dynamic landscape of modern business, risks are as inevitable as they are varied. From financial pitfalls to cybersecurity threats, these challenges can derail even the most robust business plans. However, proactive preparedness can turn these potential obstacles into manageable aspects of a successful strategy. In this blog, we’ll explore five common business risks […]
January 17, 2024
Dealing with a denied business insurance claim can be a challenging and stressful experience for any business owner. Here are some steps to consider if you find yourself in this situation: Understand the Reason for Denial**: The first step is to get clarity on why your claim was denied. Common reasons include lack of coverage […]
January 12, 2024
Artificial Intelligence (AI) has revolutionized the way businesses operate, streamlining processes, enhancing customer experiences, and providing valuable insights. While AI brings numerous advantages, it also comes with legal liabilities that businesses must navigate. Understanding and addressing these potential pitfalls is crucial to ensure compliance, mitigate risks, and build trust with customers, partners, and regulators. Data […]
December 17, 2023
December 18, 2023–Los Angeles, California– The Armstrong Company, Insurance Consultants celebrating the 50th year of its founding in 2023 has announced that it has hired industry veteran Stacey Shilling as its first Chief Operating Officer. Armstrong was founded and has been led for the past 5 decades by Desmond Armstrong, who built the property and casualty insurance agency […]
December 13, 2023
Are you struggling to create a New Year’s resolution? We’ll go over some of the most popular resolutions and how to pick one. Happy New Year! Now that 2023 is coming to a close, millions of people may be thinking about their New Year’s Resolutions. Many people vow to improve something about themselves at this […]
December 12, 2023
Today, almost any business can find itself facing a liability lawsuit. A Professional Liability lawsuit can put owner’s and other executive’s personal assets at risk including homes, cars, and other possessions. One simple mistake could cause financial devastation, as well as end your professional career. Many businesses don’t think they have an exposure to professional […]
December 8, 2023
Property management is a dynamic and lucrative industry that involves the management, maintenance, and leasing of real estate properties on behalf of owners. Whether you’re overseeing residential complexes, commercial spaces, or mixed-use properties, the success of your property management business heavily depends on consistent cash flow. Unexpected disruptions, such as natural disasters, accidents, or other […]
November 20, 2023
Commercial General Liability (CGL) insurance and Professional Liability insurance (also known as Errors and Omissions insurance or E&O insurance) are two distinct types of business insurance that provide coverage for different types of risks. Here’s a comparison between the two: Commercial General Liability (CGL): CGL insurance provides coverage for claims related to bodily injury, property […]
November 12, 2023
What is Cyber Liability Insurance? Cyber Liability addresses the first- and third- party risks associated with e-commerce businesses, the Internet, networks and informational assets. Cyber Liability Insurance offers coverage protection for exposures arising out of Internet communications. The concept of Cyber Liability takes into account first- and third- party risks. The risk category includes data […]
November 11, 2023
Don’t drive drowsy! Follow these tips to protect yourself and the others on the road with you from drowsy driving. Drowsy driving can happen to anyone. A survey by the National Sleep Foundation revealed that over half of adults in the United States drive drowsy consistently, and 20% admitted to falling asleep behind the wheel […]
November 8, 2023