What is a Fidelity Bond? A fidelity bond, or employee dishonesty, is not insurance but it protects your business against specific losses that may occur from the dishonest acts of employees. The fidelity coverage guarantees that the insurance company will pay the insured business for money or other property lost because of dishonest acts […]
May 27, 2018
Keeping your business moving forward requires a lot of your attention. Every one of our clients wants their business to grow and to have their assets and resources protected. It is important to invest in tools and resources that will allow your business to thrive in 2014. Having the right kind of business insurance is […]
May 17, 2018
A Business and Risk Update Businesses purchase commercial insurance to protect against the unforeseen costs related to a claim, damage, or loss. Commercial insurance provides the financial resources necessary to help your business recover from an insured loss. As your business grows, so does your risks. As societal norms change, your business risks also change. […]
February 28, 2018
A Business Insurance Update Companies prepare for and manage many forms of business risks from the traditional ones such as fire and flood to the emerging types including cyber, dishonest acts of employees, and even insider fraud. Industry experts have found that the cost of an average fraud loss averages about $50,000 (The Association of […]
February 17, 2018
In the past it was uncommon for a company to be sued for more than a million dollars. Now it is not uncommon for a company to have multiple such large claims going on at the same time. A large judgment against your company could damage your reputation and it might even put you out […]
January 18, 2018
A Commercial Property Update Most business owners who own a building worry about what might happen if their build is damaged by a fire or some other loss. Your business relays on the experience of the agent to design a commercial property policy that will respond to a claim. For most businesses it is important […]
December 28, 2017
A Cyber Risk Update Have you ever received a “junk email” claiming to be American Express and speaking of an unauthorized charge to your account say from a recently known cyber-attack such as, Home Depot and they are asking for you to follow a link to correct the problem? The sophisticated web user knows this […]
October 8, 2017
A Workers’ Compensation Update According to OSHA, there are over 4.1 million workplace injuries in the United States each year at a cost to employers of about $155 billion. There is no doubt workers’ compensation is a big expense for employers. Is your insurance broker doing the following things to help you reduce workers’ compensation […]
September 28, 2017
Business Insurance and Risk Every business faces a variety of risks. If you have employees you have the risk of employee injury and you buy workers’ compensation insurance to protect yourself from this exposure. No owner or manager wants to believe that their business is exposed to great risks; however, many situations may expose your […]
September 9, 2017
Cyber Liability continues to be a major issue for businesses in 2017. In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show 39% of all cyber incidents affect businesses with fewer than 100 employees. Human errors and systems glitches caused nearly two-thirds of data breaches globally […]
September 7, 2017