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Tag: Commercial Insurance

5 Types of Cyber Criminals & How to Avoid Them

Cybercrimes are on the rise in the USA, and business owners need to be alert to the most common ways these criminals operate. The losses incurred by a business after a cyber attack can be staggering, particularly when the personal information of clients has been stolen. There are five general types of cybercriminals, and several techniques to help companies avoid the risk of a data...

Commercial Umbrella Insurance 101

Business owners put general liability insurance in place to protect against the excessive financial costs of defending claims and lawsuits. Umbrella insurance is designed to provide coverage above the limits of business liability insurance policies. This insurance takes over when your liability insurance limits have been reached. Businesses, no matter how carefully they manage their operations, can be named in several types of lawsuits. A...

General Liability vs. Professional Liability Insurance

If you own a business, you need to ensure you have the right business insurance. What is right for your company, general liability, or professional liability insurance? It could not be more critical to select the correct type of business insurance for the activities of your company. For many types of businesses, you need both general liability and professional liability coverage. General Liability Insurance: What...

3 Myths About Workers’ Compensation

Workers’ compensation insurance is essential for any business with employees. Unfortunately, myths about workers’ compensation coverage abound. These misconceptions can have an impact on the overall success of your business. The following are some of the most common myths among business owners concerning workers’ compensation insurance: My Business Is Small with Low Risk of Injury, So I Don’t Need Workers’ Compensation Insurance. Regardless of the...

What Is Cargo Insurance and Why Is It Important?

Transporting goods carries risks. Any number of things can go wrong with goods in transit. That is what makes cargo insurance so important. It can help protect the value of your goods against losses in transit by sea, air, or rail. Cargo insurance provides protection against financial loss for cargo that is lost or damaged due to a covered event. These typically include natural disasters,...