How Often Should I Shop my Commercial Insurance?
Written by Katie Bratek, Senior Account Manager In a post-pandemic world, with costs rising, concerns over inflation and a host of uncertainty, a question that we often get from both clients and prospects alike is “How often should I be shopping my insurance policies?” According to the latest report from the U.S. Board of Labor […]
Read MoreNY 2023 New Year Update
Paid Family Leave, COVID Vaccination Leave, Minimum Wages and Salaries The following changes to New York employment law cover employers of all sizes: Paid Family Leave expanded to cover siblings: Beginning January 1, 2023, eligible employees will be entitled to use Paid Family Leave (PFL) to care for a sibling (whether biological, adopted, step, or […]
Read MoreCyber claims are on the rise
Cyber claim rates are on the rise and the majority of victims are small to medium-sized businesses being hit with cybercrimes like funds transfer fund and ransomware attacks, which are more prevalent now due to many businesses working remotely and not having the proper security in place. See below for a step-by-step guide on how […]
Read MoreNew COBRA Subsidy Information
The COBRA subsidy began April 1, 2021 and lasts through September 30, 2021. To be eligible, employees: Must have a COBRA qualifying event that is a reduction in hours or an involuntary termination of a covered employee’s employment; Must elect COBRA continuation coverage; Must not be eligible for Medicare; AND Must not be eligible for […]
Read MoreCyber Security: A Continuing Threat … Are You Prepared?
Cryptomining. Ransomware. Business email compromise. Spear phishing. This is the new language of business risk. Whether it’s a massive data breach that exposes customer information like the Marriott incident reported in November 2018, or an automated ransomware attack that extorts bitcoin payments from a medi-spa owner, the cybercrime wave continues to swell as the cybercrime […]
Read MoreThe Importance of Personal and Commercial Umbrella Policies
Could you or your business benefit from an umbrella policy? When it comes to getting insurance, many individuals and business owners purchase the bare minimum and hope that the worst won’t happen to them. The reality is that disasters can happen to anyone and any business. When the worst does happen, an umbrella policy can […]
Read MoreThings to Do When Getting New Business Insurance
How to handle securing the right commercial insurance policies for your new company. One of the most common mistakes startup business owners make is failing to buy adequate insurance for their businesses. Of course, it’s an easy error to make – you may think that your new business has few to no risks of suffering […]
Read MoreDo Small Businesses Need Umbrella Insurance?
Is it worth small businesses getting umbrella insurance? When it comes to commercial insurance, small business owners do not have enough protection to protect themselves from liability. You may think that you have the right coverage in place for your small business’s needs, but accidents happen. One sizable lawsuit or disaster can be all it […]
Read MoreDoes Your Small Business Need Cyber Insurance?
How your business can benefit from a cyber liability insurance policy. Cyber liability is a hot topic, with large amounts of cyber attacks making the news. With more and more businesses waking up to the daunting reality of cybercrime, cyber insurance is becoming a must-have insurance policy. So, does your company need cyber insurance? Businesses […]
Read MoreHow to Prepare Your Business for the Most Common Types of Insurance Claims
Secure reliable business insurance to protect against common claims. As a small business owner, you’ve likely heard that business insurance is important. However, most business owners fall into the trap of believing that insurance is only for extraordinary events. Unfortunately, workplace losses occur much more frequently than business owners anticipate. To help you secure the […]
Read MoreDo You Need Employers Liability Insurance?
How employer’s liability insurance protects your business. Employer’s Liability insurance is one part of a Workers’ Compensation insurance policy. The two work together to provide an umbrella of coverage that protects a business against liabilities arising from injuries or death of an employee. Together, they are critical to a business that could suffer severe financial […]
Read MoreWhat Does My Business Owner’s Policy Actually Cover?
Determine what your Business Owner’s Policy (BOP) covers. A Business Owner’s Policy (BOP) is a convenient package that combines General Liability with coverage for your business property, inventory, and your building (if you own it). In addition, it can also cover the property of others that is in your care, custody or control. In essence, […]
Read MoreIs Your Small Business Prepared for a Winter Storm?
Storm preparedness tips for your small business. As Game of Thrones always reminds us, ‘winter is coming.’ Thursday, December 21st will mark the start of winter, and now is the time to ensure that your business is ready for what is to come. Winter storms can impact any business, large and small, but there […]
Read MoreWhat You Should Know About Employee Fraud
Hoping you hired the right team isn’t enough – tackle employee fraud before it starts. No business owners want to believe that they are ever at risk of employee fraud. Each owner would like to think that they treat their team well and that no member would ever think about committing fraud. Unfortunately, this isn’t […]
Read MoreEasy Steps to Keep Employees Safe at Work
Whether it’s an office or a construction worksite, business owners need to keep their team safe. Every business should provide a safe work environment for workers and safe space for business operations. In addition to this, the business must assure the security of customer information, employee information, and company property. We’ve all heard the famous […]
Read MoreDo Small Businesses Need Umbrella Insurance?
Your small business may lack in size, but not in risks. Many small businesses mistakenly believe that umbrella insurance is predominately for larger businesses. Generally speaking, umbrella insurance is for any business whose risks are great enough. The main function of commercial umbrella insurance is to extend your liability coverage. Liability coverage you already have may […]
Read MoreHow to Insure Your Home Business
Running a home-based business isn’t easy, here’s how you can insure it to protect your business equipment. If you run a business from the comfort of your own home, you may not have enough insurance to protect your business equipment. A standard homeowners insurance policy provides only $2,500 of coverage for business equipment, which is […]
Read MoreDoes Your Property Need an Energy Audit?
Going green is something that many companies are doing as a way to help the planet, but can an energy audit really help save your small business money? The planet is changing. Many people say it’s difficult to justify the renewing, reducing, and recycling without evidence of the return on investment. While money is certainly […]
Read MoreSocial Engineering Endorsements That Protect Clients
In recent years, hackers and cyber-thieves have developed new ways to acquire sensitive bank accounts information. Early phishing scams were fairly easy to spot: a request from a Nigerian prince or a fake link to your bank’s customer service center where you would be required to input your information. Now they have gotten a lot […]
Read MoreBusiness Interruption Insurance: Cover Your Losses
Can your small business withstand weeks or even months without revenue? If not, business interruption insurance can be your hero. Your typical property insurance policy will cover physical damages and losses done to your property if a covered incident occurs like a fire, theft, windstorms, and other such events. But what about the losses that […]
Read MoreInsurance for Your Company Holiday Party
The holidays are right around the corner but before you get ready for your company holiday party, there are some things you need to know and do. The holidays are a fine and festive time for many people across the nation. While it is good to have fun during these holidays, it’s also important that […]
Read MoreWays to Reduce Cyber Liability
All businesses are connected to the internet, which means that they are at risk of being hacked. Do you know how to reduce your cyber liability exposure? All businesses, small and large, need to know their risks in order to best prevent them. Many of these risks are physical like fires, floods, and burglary and […]
Read MoreWays to Make Your Business “Green”
Making your business go Green may not only save you money, but it will also contribute to saving the planet. Our irresponsibility since the start of the Industrial Era has put humanity in a bit of a rut: our world is getting warmer at a rate not seen since the extinction of the dinosaurs. Luckily, some […]
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