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Insurance Requirements for Contractors and Construction Companies
As a contractor or construction company, understanding the necessary insurance requirements is crucial to protect your business from potential liabilities. Here are some of the key insurance policies contractors and construction companies typically need: General Liability Insurance This policy covers damages and injuries to third parties, including clients, customers, vendors,
Property Coverage Basics
As a spirits industry professional, your business is built on a foundation of hard work, passion, and dedication. However, unforeseen events like fires, natural disasters, or other calamities can strike at any moment and cause significant financial loss. That is where property coverage comes into play. Property coverage is an
The Benefits of Umbrella Insurance
Umbrella insurance is a type of liability insurance that provides additional coverage beyond the limits of your standard insurance policies. While it’s not a requirement, having umbrella insurance can offer added protection for your business and peace of mind for you and your employees. Here are just a few of
Top Misconceptions About Commercial Insurance and How to Avoid Them
Commercial insurance is a crucial aspect of running a business, yet many entrepreneurs and business owners have misconceptions about what it covers and how it works. Clearing up these misconceptions can help you make more informed decisions about your insurance coverage and better protect your business. “Commercial insurance covers everything.”
Cyber Liability Checklist
Hackers are thriving in our digitally-reliant workforce, causing a flurry of cybersecurity concerns for businesses nationwide. Ransomware attacks have been rising each year, resulting in claims for malware attacks, funds transfer fraud, data breaches, pretexting attacks, compromised business emails, and more to skyrocket. Recovering from cyberattacks is expensive and can
The Risks of Being Underinsured in Your Business
First Rule of Sound Risk Management: Don’t Risk a Lot to Save a Little Being underinsured is a common issue among business owners, and it can have serious consequences if something unexpected happens. Underinsurance occurs when a business owner does not have enough insurance coverage to fully protect their assets
Winery Risk Insights
Owning a winery can present a variety of often overlooked risks that pose serious threats to your business if they remain unaddressed. Producing wine is a delicate and intricate process that includes distinct threats to your business. By purchasing proper coverage and implementing good risk management programs, wineries can successfully
What is Builders Risk?
Builders risk insurance is a type of insurance coverage that protects construction projects and the materials being used in those projects. It is designed to cover the loss or damage of materials, equipment, and structures during the construction process. There are a few key aspects of builders risk insurance that
Is it Mandatory to Have Insurance as a Gaming Business?
The United States is one of the leaders in the global gaming industry. Nevada is at the heart of this with multiple casino properties throughout the state. These properties can feature everything from blackjack tables to sportsbooks allowing money to pass through many hands. As a business owner, your insurance
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
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
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