Comparing an Occurrence-Based Policy vs. a Claims-Made Policy A liability insurance policy helps pay for expenses related to a loss suffered by another person or business that occurred on your property or because of your negligence, error or omission. It covers your legal defense, as well as any costs you must pay Read More
Risk Management Trends For 2022 2022 has been an interesting year for risk management, with emerging political issues creating new risk areas that organizations must now grapple with. The Institute of Internal Auditors, an international professional association, serving more than 70,000 members in North America Read More
Do You Need Burglary Insurance? Your primary commercial property policy may include some coverage for burglary losses, but it is typically quite narrow in scope. Commercial property insurance often excludes certain types of crime-related losses or restricts how much you can recoup for property damaged during a Read More
Spoilage and Contamination Insurance Food products are the first thing that comes to mind when we think of spoilage and contamination. However, there are many businesses that have significant inventories of perishable items, including grocery stores, cold storage warehouses, bakeries, food processing plants, and Read More
Your Sewer Line Broke. Now What? As any homeowner will attest, owning a home brings a great deal of joy, but also considerable financial responsibility. Repairs, not to mention updates, can be costly, even though they’re necessary and well worth it. Yet, what if something major happens, such as a sewer line break? Read More
Probably More Insurance Than You Have A home purchase comes with excitement and quite a bit of stress until the long-awaited moment arrives: the closing. With the keys to your new home in hand, you pass the threshold into your future filled with visions of friends, family, celebrations and many other memorable Read More
Why All Homeowners Should Consider Flood Coverage Most flood claims occur in homes located outside of designated mapped flood zones. Flash rains, ice damming, and faulty gutters or window wells can all cause floods. The out-of-pocket expense can be staggering – an average of $25,000, according to the National Read More
Russian Ransomware is Targeting Small Businesses in the U.S.: What You Can Do Ransomware is used by cybercriminals to infect data in an attempt to extort money, often a cryptocurrency, from the victims. It’s one of the most common types of malware, but it’s also one of the most dangerous. While some ransomware can Read More
Could The Media Presence of Your Nonprofit Be a Lawsuit Risk? Nonprofits rely on electronic communications and social media to spread the good word. It’s cheap and effective exposure – until you go viral for the wrong reasons. From a fundraising snafu to a volunteer mistake, negative media engagement can Read More