How to Perform a Cyber Risk Assessment
Cybersecurity has never been more important in today's digital world. Secure systems and networks are the pinnacles of protecting data, finances, identities, accounts, and any other private information. One of the first ways to enhance your cybersecurity is to analyze...
Insurance Agent vs. Broker
When shopping insurance, it may be common to hear the terms "insurance agent" and "insurance broker." While these terms are sometimes used interchangeably, they actually have different meanings within the insurance market. Read on to learn more about these two...
Everything You Need to Know About Loss Runs
You may think of business insurance as an expense, but it's also an investment. Indemnity protection is important to securing a business’s financial future. Like anything else, however, you want to get the right coverage for your money. Surprisingly, there's a simple...
Why Employee Benefits Are Important
Employees are often viewed as the backbone of any organization. They perform essential tasks that make daily operations possible and are typically one of the main reasons why a company succeeds. Having great employees with strong work ethics, dedication, and expertise...
General Liability vs. Professional Liability Insurance
Operating a business can be risky. Liability insurance can be an important risk management tool that can help protect businesses against third party liability losses. Commercial general liability insurance (also called CGL) and professional liability insurance are two...
How Employees Can Help Reduce Cybersecurity Risks
Many small businesses conduct themselves directly online. Having employees who are not properly trained in cybersecurity can increase the risk of a cyberattacks. Adequate cybersecurity training is important as employees can often be the first line of defense against...
What Are Certificates of Insurance?
A Certificate of Insurance (COI) is typically a document issued by an insurance broker to provide proof of insurance coverage at the time the COI is issued. A COI provides important information about an insurance policy, such as a policyholder’s name, coverage type,...
Businesses Must Take Steps to Mitigate Their Cyber Risks
Cyber insurance provides robust financial protection to businesses if they incur a data breach and is an essential part of any risk management plan, according to a video released by the Insurance Information Institute.* Cyberattacks and data breach-caused losses are...
What Is Errors and Omissions Insurance?
Operating a business is always a risk, and if you are in the business of providing professional advice and services, some errors could cost your business. Having errors and omissions (E&O) insurance could help protect the business you have worked so hard to build....
What Is Liability Insurance and How Does It Work?
Accidents happen, but if you or your business is to blame, you could be found liable for resulting third-party losses, including medical and legal bills. Liability insurance, or third-party insurance, is a risk management solution that helps protect insureds from the...