BLOG

How Much Business Insurance Do You Need? A Comprehensive Guide

Protecting Your Business: The Importance of Adequate Insurance

Running a business is a risky endeavor, no matter the industry. From unexpected accidents to costly lawsuits, a wide range of unforeseen circumstances can threaten your business's financial stability. That's where...

Parametric Insurance: A New Approach to Risk Management Traditional insurance policies typically require a detailed assessment of losses before compensation is paid. This process can be time-consuming, especially in the case of catastrophic events. Parametric insurance offers a more streamlined approach, paying out pre-agreed sums based on...

Alternative Risk Transfer (ART): A Non-Traditional Approach to Risk Management

What is Alternative Risk Transfer (ART)?

Alternative Risk Transfer (ART) is a broad term encompassing various strategies that businesses use to transfer or mitigate risk outside of traditional insurance markets. By leveraging non-traditional risk financing techniques, organizations can manage...

AI Related New Insurance Products

While the AI insurance market is still emerging, several new insurance products are being developed to address the specific risks associated with AI:

Cybersecurity Insurance:

• Expanded Coverage: Many traditional cyber insurance policies are being expanded to cover AI-specific risks, such as data breaches,...

Emerging Risks: The Uninsurable

In today's rapidly evolving world, businesses face a myriad of risks, many of which are difficult, if not impossible, to insure. As technology advances, climate change intensifies, and geopolitical tensions rise, new and complex risks emerge that traditional insurance models struggle to address.

Why Are...

Insurable vs. Non-Insurable Risks: Understanding the Difference

When it comes to protecting your assets and future, understanding the distinction between insurable and non-insurable risks is crucial.

What is an Insurable Risk?

An insurable risk is a potential loss that meets specific criteria:

1. Definite: The loss must be...

During November's Chill: Protect Your Business from Winter Weather Risks

As the crisp autumn air turns into the frigid winter chill, businesses across the nation face a new set of risks: winter weather hazards. From icy roads and heavy snowfall to power outages and extreme cold, winter weather can...

Daylight Saving Time Can Affect Your Business

Daylight Saving Time (DST) is that annual ritual where we collectively agree to mess with our internal clocks. While it might seem like a harmless time change, it can have surprising implications for businesses, big and small. Let's dive into the quirky...

A Spooky Good Time: Halloween Safety Tips for Your Insurance

Boo-yah! Halloween is just around the corner, and while it’s a fun time for trick-or-treating and costume parties, it’s also important to be mindful of potential accidents and mishaps. As your friendly insurance broker, I’m here to share some spooky-good...

As the year draws to a close, it's a good time to review your insurance coverage. Ensuring you have adequate protection can provide peace of mind and safeguard your financial future. Here are some key insurance needs to consider:

1. Health Insurance:

• Open Enrollment: If you have employer-sponsored health insurance,...