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Protect Your Practice: Understanding Lawyer Professional Liability
As an attorney, you know first-hand that even meticulous and well-intentioned professionals can be sued by dissatisfied clients. Regardless of whether you work with a large firm or a small practice, it’s essential to maintain lawyer professional liability insurance throughout your career (and potentially extended coverage to protect you after
3 Business Liability Risk Exposures You May Be Overlooking
As a business owner or executive, it’s likely that you’ve taken great care to minimize your business liability risk exposures with comprehensive commercial insurance packages. However, there are several common yet often overlooked scenarios that may be putting you at risk without your knowledge. Consider these three business liability risk
Protect Your Business This Spring with Commercial Flood Insurance
Despite having commercial property insurance as a part of your Business Owners Policy or Commercial Package Policy, your business may have a gap in coverage if you haven’t also added flood insurance to your policy. This is especially dangerous with NOAA’s prediction for increased risk of flooding through the end
Cybersecurity Concerns & Cyber Liability in the Wake of the Toyota Data Breaches
The March 29th announcement from Toyota Motor Corporation–Japan about a potential data breach has reignited concerns about cybersecurity and cyber liability for businesses worldwide. Even massive corporations like Toyota, ranked #6 in Fortune’s Global 500 list, are not immune to cybersecurity threats. Toyota’s press release revealed that five Tokyo-based subsidiaries
Business Owners Policy vs. Commercial Package Policy – One Size Doesn’t Fit All
Commercial insurance can be overwhelming, with a seemingly endless list of risks to address and policy options to choose from. To simplify the process, the insurance industry offers policy bundles like the Business Owners Policy (BOP) and Commercial Package Policy (CPP). While they sound similar, these two options serve different
Is Your Coverage Enough? Commercial Umbrella Liability & Excess Liability
Every business owner should ask themselves these two questions annually: Primary insurance policies can be maxed out during major claims, leaving your business responsible for remaining costs. This is where commercial umbrella liability or excess liability insurance can provide additional protection. Commercial Umbrella Liability vs. Excess Liability Insurance Though often
Surety Bonds 101: Sorting Through the Confusion
Surety bonds are one of the most misunderstood products in the industry. Unlike traditional insurance, surety bonds operate in specific circumstances and involve a unique three-party agreement. Whether you need to explain surety bonds to a vendor or are seeking coverage for the first time, this guide will help clarify
What’s Your Risk? 1099 Workers & General Liability Insurance
Do you know if your 1099 contractors or subcontractors are increasing your risk exposure? Are their actions covered by your general liability or professional liability insurance policies? In today’s gig economy, “independent contractors” play a significant role in the workforce. According to a January 2018 NPR/Marist Poll, one in five
5 Strategies for Minimizing the Risk of a Product Liability Claim
Nearly every manufacturing company will face a product liability claim at some point. Whether or not you’re found at fault, the financial burden of investigating and defending a claim can be significant. With careful planning and reliable product liability insurance, your business will be better equipped to respond, react, and
3 Benefits of Ergonomics in the Workplace
While most people today tend to work in an office environment rather than a physically demanding job, workplace injuries still
Insurance Coverage: Evaluating Your Business Needs in 2020
The beginning of the New Year is a time for resolutions. Business owners, especially those starting up new ventures in
How Much General Liability Insurance Does Your Business Need?
It’s important for businesses of all sizes to carry general liability; the reality is that many businesses go without the
Insurance for Startups: 4 Tips for Startup Business Owners
Business is highly risky and unpredictable if you’re a startup business owner. Anything could change at any moment, and there’s
5 Common Sense Tips to Avoid Common Liability Claims
Taking precautions to keep your place of business free of accidents and prevent liability claims is common sense, but they
California Wildfires Remind People to Check Their Insurance Coverage
In another year of warmer climates and dry conditions, California saw more wildfires across Northern and Southern California that claimed