Information for business owners.

Can Your Business Survive A Cyber Attack?

You’ve probably seen the news headlines such as “Business crippled by cyber-attack” or “Hackers cost company millions”… the facts are that studies have shown that 60% of small businesses who experience a cyber attack go out of business within 6 months of the attack1. Cyber attacks can hit a business hard. Often times there is some sort of ransom payout in order to stop the attack, however, even with no ransom, the fallout of a cyber attack could drain your bank account. Can your company survive a cyber attack? When it comes to [...]

2022-04-26T18:08:39+00:00May 8th, 2022|

What Are Ancillary Benefits?

What are ancillary benefits? Ancillary benefits, also called supplemental benefits, are benefits that are not part of your core health insurance. In other words, these benefits aren’t generally part of your main health insurance. They are offered in addition to that coverage. Benefits that fall into the ancillary category typically include: Dental Insurance. This benefit helps to cover the cost of visiting the dentist for basic or preventive services such as teeth cleaning, x-rays, and fillings. Vision Insurance. This benefit helps to cover the cost of vision care including eye exams, eyeglasses, contacts, [...]

2022-04-01T15:29:16+00:00April 10th, 2022|

Insurance Score?

You may know that your history of accidents and violations, insurance claims, and more impact your insurance rates. But did you know that you have an insurance score? Insurance scores, or insurance credit score, is a three-digit number assigned to you that predicts the risk of an accident or insurance claim in the future. Scores above 770 are considered good, 500 – 770 are average, and below 500 are poor. The lower your insurance score, the higher your premium may be. Think of it as a credit score but for insurance. How is [...]

2022-03-04T16:34:34+00:00March 27th, 2022|

Who Needs EPLI?

We’ve all heard horror stories. An employee was let go and then turned around and sued the company claiming wrongful termination. An employee sues their company on the grounds of discrimination or harassment. We have repeatedly heard this in the news and from our business contacts or friends and think that could never happen to us. WRONG! Employment practices claims can happen to organizations of every size, industry, and at any level. They can disrupt businesses, damage reputations, hurt employee morale, and hit a company hard financially… all before they ever see a [...]

2022-03-04T15:31:21+00:00March 27th, 2022|

Manufacturing: Insurance For Your Unique Needs

Manufacturing can be a dangerous business. Whether you work with band saws and drill presses or harmful chemicals there are a lot of risks that both your employees and your business face. From on the job injuries to environmental accidents… these risks could end up costing you a small fortune. How do you protect yourself, your employees, and your business from the risks you face daily? You most likely already implement safety procedures and policies to keep everyone safe. You also probably have checks and balances in place to safeguard your business [...]

2022-02-23T16:52:21+00:00February 23rd, 2022|

Increasing Rates?

Each year we take a look at the current trends of the insurance industry and evaluate how those trends may impact our customers' insurance rates. When it comes to home and auto insurance, here is some of what we have seen over the last year. Auto Insurance Trends In 2021, we saw an increase in accidents along with an increase in repair and replacement costs. This means that the overall cost of a loss has increased. Some of the factors that are causing this include: Used car prices have increased by up to [...]

2021-12-28T20:00:47+00:00January 23rd, 2022|

Who Needs Public Liability Insurance?

Does your business need public liability insurance to cover any future lawsuits and the settlement or compensation costs that come with them? While this coverage is not required unlike employers’ liability insurance, which includes workers' compensation, it is safe to say every business needs public liability protection to some extent.How much public liability coverage you need depends on what kind of business you are in and your own unique risks. For example, a landscaper or brewery could have greater risks than a walk-in retail store or professional business (realtor, insurance agency, or attorney [...]

2021-11-18T15:29:18+00:00November 18th, 2021|

Municipalities… Insurance For Your Unique Needs

Municipalities face a lot of risks. From a child getting hurt on a community playground to a town official being sued as the result of their decision-making, many things can go wrong when you are running local government. How can you protect yourself, your staff, and your municipality? The right insurance coverage can help you manage the risks. Every county, parish, town, township, city, and village are unique and require insurance solutions tailored to their distinct needs. Let’s take a look at some of the coverage options you should consider. [...]

2021-11-18T17:54:17+00:00November 18th, 2021|

The Who, What, and Why of Professional Liability Insurance

For those working in industries where they advise others, the risk of making a mistake can be fatal to your business. Your advice can impact another person’s livelihood and, if you make a mistake or your client perceives that you made one, it could be costly. The risk of being sued based on how others feel your advice impacted them is great. This is where professional liability insurance comes in. Professional Liability Insurance, also sometimes referred to as Errors and Omissions (E&O Insurance), is protection for your business from claims of negligence that [...]

2021-07-29T19:20:30+00:00August 15th, 2021|

Importance of Directors and Officers Liability Insurance

As a director or officer of an organization, you make many important decisions regarding everything from policy choices to financial aspects. These decisions help your company to succeed, but they can also leave you and your organization open to lawsuits. Lawsuits that can be costly to you personally but also to your organization. Directors and offices can be sued for a variety of reasons related to their roles, including: Breach of fiduciary duty, resulting in financial loss or bankruptcy Misrepresentation of company assets Misuse of company funds Fraud Failure to comply with workplace [...]

2021-07-29T17:29:16+00:00August 8th, 2021|
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