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Build a Career That Matters: 6 Reasons Young People Thrive in Insurance
“Insurance is greatest industry in the history of mankind.” – John Wepler, Chairman of MarshBerry The insurance industry might not be the first career path that comes to mind for young adults, but it offers a wealth of opportunities that sadly go mostly unconsidered by those entering the workforce for

Preparing for Excess Policy Audits: A Guide for Insureds
As an insured business, you rely on excess and surplus (E&S) insurance to cover risks that standard policies can’t handle—think high-hazard operations, unique liabilities, or niche industries. Recently, some E&S carriers have started auditing their excess policies to ensure premiums, terms, and risks align with today’s volatile market. These audits

State Farm’s Proposed 22% Rate Increase: How It Could Affect Your Insurance Costs
California’s insurance market is at a tipping point, and the ripple effects could hit your bottom line. State Farm General has been provisionally approved for a 22% rate hike on homeowners insurance policies, but the increase is not a done deal just yet. Here’s what you need to know and

Improve your Chances of Securing Fire Insurance
Securing commercial or personal insurance in high-hazard areas, particularly with the increasing frequency and severity of wildfires, can be challenging. There are, however, steps you can take as a company to improve your chances of obtaining fire insurance, mitigating risks, and keeping your insurance premiums manageable: 1. Assess and Improve

Experience Modifier: How to Reduce Workers’ Compensation Premiums
A well-organized safety program benefits not only your employees but also helps reduce workers’ compensation premiums. For many business owners, increasing insurance rates often feel beyond their control, with factors like collective loss history, inflation, and industry trends driving up costs. However, one critical factor—the Experience Modifier (e-mod)—is within your

How to Navigate Commercial Property Insurance Coverage
Whether you’re a small business owner or managing a large enterprise, protecting your commercial property is essential. With various coverage options available, it can be overwhelming to determine what your business needs. Here’s a guide to help you navigate the essentials: Building Coverage If you own the building where your

The WCIRB’s New Insurance Classifications for Food and Beverage Businesses
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has announced significant changes that will impact businesses in the food and beverage industry. Beginning September 1, 2024, new insurance classifications will take effect, offering more precise coverage and potentially better rates for businesses. Here’s what you need to know about these changes,

Cyber Attacks and Cyber Trucks: A Cautionary Tale
Last month, CDK Global, a software provider for auto dealerships worldwide, became the target of a sophisticated ransomware attack that severely disrupted its operations. The cybercriminals successfully breached CDK Global’s systems, encrypting critical data and rendering many of its services inaccessible. This attack affected approximately 15,000 dealerships that rely on

Creative Ways to Save Money on Commercial Auto Insurance
Commercial auto insurance is a critical investment for businesses that rely on vehicles for their operations. However, rising premiums can strain budgets and erode profitability. To alleviate this financial burden, companies must explore creative strategies to save money on their insurance coverage without compromising on protection. Here are innovative approaches

Build a Career That Matters: 6 Reasons Young People Thrive in Insurance
“Insurance is greatest industry in the history of mankind.” – John Wepler, Chairman of MarshBerry The insurance industry might not

Preparing for Excess Policy Audits: A Guide for Insureds
As an insured business, you rely on excess and surplus (E&S) insurance to cover risks that standard policies can’t handle—think

State Farm’s Proposed 22% Rate Increase: How It Could Affect Your Insurance Costs
California’s insurance market is at a tipping point, and the ripple effects could hit your bottom line. State Farm General

Improve your Chances of Securing Fire Insurance
Securing commercial or personal insurance in high-hazard areas, particularly with the increasing frequency and severity of wildfires, can be challenging.

Experience Modifier: How to Reduce Workers’ Compensation Premiums
A well-organized safety program benefits not only your employees but also helps reduce workers’ compensation premiums. For many business owners,

How to Navigate Commercial Property Insurance Coverage
Whether you’re a small business owner or managing a large enterprise, protecting your commercial property is essential. With various coverage