Business Insurance

Internal risks such as exposure from operational processes and procedures are often easier to control. However, external risks such as exposures that may be introduced through partnerships or other parties hired to provide a service for your business, are more difficult to control.

There are many factors that have a role in creating an occupational heat stress risk to workers. These factors include:

• Environmental conditions

• Presence of heat sources

• Level of physical activity

The Terrorism Risk Insurance Act (TRIA), ensures that adequate resources are available for businesses to recover and rebuild if they are the victims of a terrorist attack. It is offered separately or as a special addition—called an “endorsement” or “rider”—to your standard commercial property insurance policy.

Business owners know that having insurance is essential. Without it, they have to pay out of their business’s pocket. And the unfortunate reality is that a single issue can create a huge expense. Still, we would like to keep the cost of your financial protection as low as possible and may wonder, “How is an insurance premium calculated?”

If you’re reviewing an insurance policy, see the word “subrogation,” and wonder what it means, you’re not alone. Subrogation in business insurance is a crucial concept that every business owner should understand. Subrogation refers to the insurer taking the place of the insured to pursue compensation from an at-fault party. Read on to learn what this means for your business.

A commercial liability insurance policy pays for losses arising from bodily injury and property damage – real or alleged. If you’re considering a business liability insurance policy, it helps to know the terms and phrases used to describe these products. Here are some important liability insurance terms and definitions to know.

Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent, impacting organizations of all sizes and industries. As these incidents continue to rise in both cost and frequency, it’s crucial for organizations to take steps to address their cyber exposures and bolster their digital security defenses.

According to Aon’s annual Weather, Climate and Catastrophe Insight report, U.S. and European damage from natural disasters in 2023 totaled $380 billion. Losses from natural catastrophes in 2023 totaled $380 billion, well above century averages. Read how you can protect your business from these unplanned costs.

Fire remains an expensive and common cause of property loss in the United States. A structure fire is reported approximately every minute of every day and results in approximately $12 billion in property loss every year. Planning ahead and being prepared can help you avoid becoming one of these statistics.

Sole proprietors are personally responsible for all business debts, taxes, and liabilities. In other words, there is no legal separation between the company and owner. Sole proprietor business insurance can be customized to your company. You'll want to consider your risk exposure and state requirements.

If you own or operate a business or have attended a private or public event or activity, you may have encountered a liability waiver or release agreement. A common practice that many business owners and service providers often rely upon is the use of liability waivers. Find out what these waivers actually mean.

The holidays often mean increased sales, new inventory and more customers. This time of year can also bring greater risks, from losses due to employee theft, to accidents caused by overstocked shelves. Taking steps to prepare well before the holiday season begins can help avoid these common problems.

While remote work may offer benefits to both the employee and employer, there are potential cybersecurity risks when employees work from locations outside of the office. To help minimize these risks, consider taking these precautions.