Business owners aren’t legally required to have breach of contract insurance, but it’s recommended. When you agree to do business with a client, it’s important to have a signed contract detailing the arrangement between the two parties. It sets clear expectations about each party’s responsibilities and provides important legal protection for your business.
Read MoreLarge local events can bring in a host of new customers. They also increase business risk. Here's how to prepare so your business can reap the rewards without suffering from the risks.
Read MoreYou might find that your small business insurance cost is higher or lower than a colleague who runs the same type of shop just a few blocks away. While two businesses might both be in the retail industry, their daily operations, the number of employees they have, and their location can all influence their costs.
Read MoreAlthough personal auto and commercial auto insurance are both types of vehicle coverage, they protect drivers in different ways. Understanding what your personal and commercial liability insurance policies cover can help your business survive pricey car accidents, legal fees, and damages.
Read MoreWhether an auto accident injury is covered by a workers’ compensation insurance policy will depend on the circumstances surrounding the vehicle’s use at the time of the collision. In most cases, an injured employee will qualify for workers’ compensation coverage if the car crash occurred in the course and scope of employment.
Read MoreLoss Run reports provide a summary of a small business’ insurance claims history, including the types of claims filed in the past, the frequency of past claims filed and the related costs. This data is used by insurers to help figure out how risky a business is to insure. The calculated risk directly impacts the premium amount a business will pay for insurance.
Read MoreHybrid work is driving a new class of workers’ compensation risk—one that’s harder to verify, slower to resolve and increasingly costly. What was once a clearly defined workplace with fixed hours, controlled environments, and observable behavior has been replaced by a distributed model where work happens at kitchen tables, coffee shops, spare bedrooms, and everywhere in between.
Read MoreThe Internal Revenue Service announced its annual Dirty Dozen list of tax scams for 2026. Scams include :
impersonation
fake charities
misleading social media advice
identity theft and much more.
While material costs continue to rise because of inflation, and potentially tariffs, labor costs are increasing more steeply because of a supply/demand imbalance, especially among skilled trades such as electricians. The demand for skilled trades drives up costs because workers can command higher wages.
Read MoreAn analysis of more than 1 million small-business insurance policies reveals that water and freezing damage claims have risen significantly over the last decade to become a top risk alongside burglary, while fire damage remains the costliest incident, averaging $80,000 per claim.
Read MoreDuring the first 24 hours following a major winter storm, your response will make a critical difference in the pace at which your business can recover and get back into full operation. Both the protection of your property and the safety of your employees are critical to your business resilience.
Read MoreWinter driving conditions can be prime time for accidents involving skidding or losing control. Ice and snow are common hazards that often come to mind. Whether you have employees driving occasionally for an off-site business meeting or an entire fleet of drivers transporting goods, help keep them and others safe by sharing these precautions to help avoid losing control at the wheel.
Read MoreOne of the great things about business insurance is that you can control your costs when choosing your coverage. That’s mainly because providers offer flexibility in setting your policy limits and deductibles. These features affect your costs in different ways and can be fine-tuned to ensure you have the protection you need at a price you can afford.
Read MoreRetailers face mounting pressure to absorb rising costs, maintain customer satisfaction and adapt to shifting trade dynamics. The stakes are especially high for small and mid-sized businesses. In this climate, understanding and responding to the evolving trade landscape is essential to ensure stable operations.
Read MoreLarge numbers of companies have no rules in place for the use of AI in the workplace despite the constant use. Without any restrictions, employees could unintentionally share sensitive data, increasing the chances of a data breaches.
Read MoreAs the fall colors fade, commercial building owners and facility managers find themselves amid another seasonal transition. While the start of every season has challenges, the fall season brings a tougher set of challenges for commercial structures than other seasons.
Read MoreWorkplace accidents can happen anytime to any type of worker. You do can everything in your power to avoid them, but just like any life occurrence, anything can happen. Accidents happen every day, in fact, and in every industry. Find the 10 most common workers comp claims.
Read MoreAccording to the Surety & Fidelity Association of America, surety bonds provide the most comprehensive risk management tool available to protect against default and ensure contractual obligations are met. Different kinds of surety bonds provide coverage to ensure compliance with local, state or federal requirements, guarantee tax or other financial obligations, or guarantee performance of an underlying contract.
Read MoreWhile damage caused by some types of natural events—such as lightning or wind—will usually be covered by commercial property insurance, you need a special policy if you want protection from flood damage. Read on to see what the most frequently asked questions are and the answers.
Read MoreInsurance provides critical financial protection to small businesses. However, coverage gaps can jeopardize that protection. A coverage gap exists when the potential financial impact from events exceeds the protection a company’s business insurance portfolio provides.
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