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Cyber Security: Do You Decline Cyber Insurance Coverage Despite Acknowledging The Growing Risk?
Does it surprise anyone that cyber security is such a hot topic in our digital world? The Internet of Things (IoT) describes the network of physical objects embedded with sensors, software, and other technologies that connect and exchange data over the internet. According to Statista, there are approximately 15.14 billion
Ransomware Attack Targets Schools, Businesses, and Government Agencies: What You Need to Know
A widespread ransomware attack orchestrated by Russian cybercriminals has impacted schools, businesses, and government agencies worldwide. While the full scope of the attack is still under assessment, the US Cybersecurity and Infrastructure Security Agency (CISA) has reported intrusions in several federal agencies, with significant repercussions for businesses and individuals. State
Navigating Workers’ Comp Audit Difficulties: A Guide for Insureds
Workers’ compensation insurance is a vital safeguard for both employers and employees, providing financial protection in the event of workplace injuries. However, the annual audit process can present challenges for insureds. Insurance carriers conduct audits to ensure accurate premium calculations based on actual payroll and job classifications. While audits are
Product Recall: Preparation and Insurance
Product recalls are complex and heavily regulated processes that can be costly for businesses, whether you are a manufacturer, supplier, or retailer. A product recall refers to the act of returning, exchanging, or replacing a product in the marketplace after a defect is discovered. Defects can include anything that hinders
Risks with Products in Storage or Transit
The spirits industry is a complex and highly regulated field that requires meticulous attention to detail, particularly when it comes to the storage and transit of products. Businesses in this industry face several significant risks when their products are stored or transported. One of the main risks is the sensitivity
73% of Organizations Hit by Ransomware in 2022
Seventy-three percent of organizations reported being hit with at least one successful ransomware attack in 2022, and 38% said they experienced two or more attacks, according to Barracuda Networks’ 2023 Ransomware Insights report. The report revealed that organizations facing multiple attacks were more likely to pay a ransom to restore
Equipment Breakdown Insurance Overview
Running a business involves a multitude of risks, but one of the most significant threats is equipment breakdown. Businesses depend on equipment to function properly and maintain a consistent revenue stream, making any breakdown a potentially devastating financial challenge. However, with equipment breakdown insurance, you can protect your business against
CA Cannabis Protection Bill Introduced
California Assembly Member Reggie Jones-Sawyer recently introduced Assembly Bill 1610, aimed at protecting cannabis consumers and the legal cannabis market by improving testing and labeling standards. This bill represents Jones-Sawyer’s effort to maintain the high quality of California cannabis products while ensuring public safety and transparency. A growing concern in
5 Lesser-Known Types of Commercial Insurance Every Business Owner Should Consider
As a business owner, you likely already know the importance of commercial insurance. However, there are many lesser-known types of coverage that you might not be aware of. Here are five types of commercial insurance that every business owner should consider: Cyber Liability Insurance Cyber attacks are becoming increasingly common
Employee or Independent Contractor? Understanding the January 9, 2024 DOL Rule and How it Impacts Your Business’ Insurance Needs
On January 9, 2024, the Department of Labor (DOL) introduced a rule designed to clarify the distinction between employees and
Mom!! Why Have My Commercial Auto Rates Increased So Much?
What is it about human nature that makes us feel better when we understand why something has gone wrong? From
Large Construction Projects: OCIP or CCIP?
For owners of large construction projects, deciding between an Owner Controlled Insurance Program (OCIP) and a Contractor Controlled Insurance Program
The Growing Importance of Cybersecurity and Cyber Liability Insurance: A Look at MGM’s Incident
In today’s digital landscape, cyber-attacks are becoming more frequent and sophisticated, prompting businesses to elevate their cybersecurity efforts and consider
Protective Safeguards in Commercial Property Insurance: A Guide for Insureds
Commercial property insurance is an essential safeguard for businesses, protecting assets and ensuring continuity in the face of unexpected disasters.
Liquor Liability for Tasting Rooms
At Swarts Manning Spirits, we specialize in providing commercial insurance expertise and risk mitigation for the winery, brewery, and distillery