Category: Business Insurance

3 Common Types of Construction Bonds

Contractor license bonds, also known as construction bonds, are often required by an investor in a construction projects. The bond is a surety that will protect against potential finanical loss or disruptions should the contract fail to finish the project…

How Predictive Analylitics Benefits the Insurance Industry

The goal of any insurance company is to find new markets, generate leads and develop products that cater to your client’s needs, no matter how niche. With the help of actuarial analytics, you can leverage data to your advantage. What…

Why Seafarers Should Know About the Jones Act

Seamen, like all other workers, are entitled to compensation if they are hurt while on the job, regardless of whether or not there is a claim of negligence. Many sailors believe that if they are wounded on the job, they…

Understanding Builder’s Insurance

Understanding Builder’s Insurance During any type of construction project, there are inherent risks and unknowns that may create additional costs. Instead of hoping that every facet of the project goes well, builders risk insurance is a form of coverage that…

A Short Guide To Fiduciary Liability Insurance

Fiduciary liability insurance, otherwise known as management liability insurance, is a type of insurance coverage that protects businesses and employers from claims that allege a breach of fiduciary duty.  It is a must-have for any business that employs workers. What…

A Short Guide To Manufacturers Insurance

If you own a manufacturing business, you should be aware that running a business, no matter how small, comes with a certain amount of risk. Things like equipment malfunctions and legal claims can end up being extremely expensive and can…

How Can Companies Protect Themselves Against Employment Practices Liability?

Companies that pride themselves on treating their employees well and creating positive working environments may be surprised when they have to deal with a legal claim regarding their employment practices. It is advisable for employers to maintain an employment practices…

3 Important Insurance Policies for Retail Stores

Retail stores have many loss exposures. With so much inventory on hand, employees on staff, and the public in and out of the facility in the course of a normal business day, it’s important for outlets to have the proper…

Do Nonprofits Need Liability Insurance?

General liability coverage is a staple of commercial insurance because it takes care of the most common day to day issues faced by most companies. While there are industry-specific forms that specialize it a bit, all general policies cover basic…

Why Businesses May Require Aviation Liability

Every business requires some form of business liability or general liability coverage. In the aviation industry, there are a variety of unique risks. General liability policies usually exclude aviation-related accidents. If you’re considering what type of insurance coverage you need,…