BLOG
BLOG
Navigating the Liquor Liability Insurance Market in 2024
If your business sells or serves alcoholic beverages, you understand the importance of liquor liability insurance. This coverage protects you from costly lawsuits and damages if an intoxicated customer causes harm to themselves or others. However, the liquor liability insurance market is undergoing significant changes in 2024 that could impact
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 independent contractors. This development not only affects employment classifications but also has significant implications for insurance coverage. This post explores the key components of the DOL rule and its impact
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 the moment we learn to talk, we ask, “But why?” It’s no different when unexpected events affect us as adults. If you’re responsible for managing your company’s commercial insurance, you’ve
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 (CCIP) is a critical choice with significant insurance and risk implications. Here are some key considerations to help make an informed decision: Key Considerations 1. Cost ControlWith an OCIP, the
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 cyber liability insurance. Recent breaches faced by major companies like MGM Resorts International and Caesars Entertainment highlight the gravity and unpredictability of these threats. MGM’s Cyber Breach: A Wake-Up CallOn
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. As a business owner, it’s crucial to understand the protective safeguards included in your insurance policy. These safeguards are designed to mitigate risks, reduce potential losses, and promote responsible practices.
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 industries. The spirits industry faces unique risks that require supplemental coverages beyond standard general liability, property, commercial auto, workers’ compensation, and umbrella policies. Specialized coverages such as crop protection, contamination
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
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
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
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
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
Hosting Events or Parties at Your Home
Everybody loves a great party, and everyone appreciates a great host. Special memories are made when we gather together. However,
Understanding the Property Insurance Crisis in California: Navigating the Storm
In recent years, California has been grappling with a pressing issue that affects commercial and habitational real estate investors, homeowners,