Social media has grown by leaps and bounds over the past decade. What many people don’t understand are the unique risks that come along with social networking. Anyone using Facebook, Instagram, Twitter (now X), TikTok, or any other social networking site should exercise extreme caution in what they decide to say online. Online bullying can…Read more
Why You Need Umbrella Insurance
Umbrella insurance provides protection beyond standard coverage, and they are available in increments of a million dollars. Sometimes known as an excess liability or personal liability insurance, umbrella insurance doesn’t stand alone. Instead, it adds another layer of liability protection on top of the liability built into other policies you have, including auto, homeowner’s, or…Read more
Employment Practices Liability Insurance
Every employer, no matter how small, faces the specter of being sued by a past, present or prospective employee at some time. Employment Practices Liability Insurance (EPLI) can help protect your business. In fact, such employment practices claims are widespread – so much so that most businesses are much more likely to have an employment…Read more
Business Growth Will Lead to Increased Risk
As the economy continues expanding, companies need to be careful about properly managing their risk, according to a report by Advisen Inc., an insurance research and data firm. Increased activity typically means proportionally additional losses. For example, more trucks driving more miles will inevitably result in more accidents. However, there are other kinds of risk…Read more
Commercial Liability Rates Start Climbing as Lawsuits Rise
Commercial liability insurance rates are starting to edge higher after years of flat or declining rates, depending on your market. A new survey by MarketScout found that general liability, umbrella/excess and professional liability lines increased by 2% in the first quarter of 2019. Another report by insurance exchange IVANS Insurance Solutions found that rates for…Read more
Employment Practices Liability Insurance
Since Title VII of the Civil Rights Act of 1964 passed, the issue of employees’ rights continues to be controversial. Employers involved in interstate commerce are prohibited from discriminating against applicants. Understanding How Fast Lawsuit Risks Are Increasing As more laws are enacted for workplaces, employers face a higher risk of lawsuits. The likelihood of…Read more
