How Business Insurance Impacts Rental Properties

As a business owner, you are constantly looking for ways to stay ahead of the competition. While brainstorming new opportunities, perhaps you have decided to expand into a new market. If you’re opening a new location to test a new target market, you may opt to rent space in a smaller building to see if there’s potential for permanent long-term

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5 Key Elements of Cyber Insurance

Both small and large businesses are facing heightened levels of cyber threats. For instance, between 2020 and 2021, security attacks increased by 31 percent, according to Accenture’s report. One security attack – whether it’s malware, data breach, DDoS attack, or ransomware – on average costs enterprises $200,000. Besides, a lot of the affected businesses closed shop six months after the

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Important Tips to Help Manage Your Small Business Insurance Costs

As a small business owner, you face different challenges on a regular basis. Operating a business is demanding. There are multiple situations where you could be at risk of getting sued. That’s why it’s recommended that you look over your business insurance policy to ensure that you have enough coverage to protect you in any situation. However, research shows that

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5 Factors to Consider Before Canceling Your Business Insurance

If you’re forced to temporarily shut down your business, canceling some of your business insurance policies may seem like a smart way of cutting costs. For instance, because a third party is unlikely to suffer a slip and fall injury at your closed business premises, you may consider general liability coverage to be an unnecessary expense. However, the long-term costs

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8 Tech E&O Insurance Claims That Merit Your Attention

If you provide information technology (IT) services, you should protect yourself from possible errors and omissions or E&O insurance claims. A client who’s unhappy with your service could sue your company, exposing you to potentially destabilizing financial loss. Here’s a look at potential IT E&O claims and lawsuits and a few strategies to mitigate your risk. Businesses at Risk for

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