As the full threat of hacking and cyber attacks takes hold, cyber insurance policies are evolving so that the primary focus is on business interruption coverage. When these policies first hit the market, they were mostly focused on covering the costs of notifying individuals whose personal data or credit card information may have been exposed,…Read more
Working from Home? Check Your Insurance Policy
As the gig economy grows, more and more people are opting to work from home, either to supplement their income from a full- or part-time job, as a freelancer, or to pursue operating a small business. Unfortunately, your homeowner’s or renter’s insurance may not cover damage to your business assets. Sixty percent of home-based businesses…Read more
What is a Surety Bond?
In today’s competitive market, a surety bond is a valuable commodity for a contractor. Obtaining a surety bond shows your company’s best face to both potential customers and lending institutions. That’s because a surety bond amounts to a seal of approval from an independent third party, the surety bond company, which has evaluated your work.…Read more
Does My Insurance Policy Cover Riot Damage?
Civil unrest can occur anywhere – from big cities to a small-town community. Looting, theft, and vandalism are possible in the midst of the mayhem. But if something happens to your home or business as a result – will your homeowners’ insurance or business insurance cover it? Homeowners Insurance Standard home insurance policies are in…Read more
Cyber Liability Insurance
Research indicates that 75 percent of data breaches occur at small and medium-sized businesses, and that ninety-five percent of these data breaches are caused by hackers, rogue employees, or the loss or theft of equipment. And you don’t need to be a high-tech company to be susceptible to a damaging data breach. Any business, of…Read more
Data Breach Insurance
Breaches involving customer information and data have been common news stories as of late. Major chains including retailers and restaurants have been victims of recent security breaches. This may have affected you personally by having to change credit/debit card numbers or your passwords. But, have you considered how it might affect you professionally if you…Read more