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Surety bonds are a type of financial guarantee that is often required by businesses and individuals to enter into certain contracts or activities. If the bonded party fails to meet their obligations under the contract, the surety bond company will be obligated to pay the obligee (the party who is...

Franchise businesses are different from other businesses in a number of ways, and this is reflected in the insurance they need. Franchise businesses typically have more standardized operations and procedures, which can make it easier to obtain insurance. However, they also face unique risks, such as the potential for disputes...

What are the Different Types of Technology Insurance?

Technology is an integral part of our lives, both personally and professionally. As a result, businesses and individuals are increasingly exposed to the risks associated with technology. Technology insurance can help protect you from these risks, and there are a variety of...

Insurance and Risk Management Are Key to Financial Security

Insurance and risk management are two important concepts that go hand-in-hand. Insurance is a way to protect yourself financially from unexpected events, while risk management is the process of identifying and reducing risks.

When you buy insurance, you are essentially transferring the...

What is Directors and Officers Insurance?

Directors and officers (D&O) insurance is a type of liability insurance that protects directors and officers of a company from legal claims arising from their professional activities. This can include claims for breach of fiduciary duty, negligence, and other wrongful acts.

D&O insurance...

The Top 5 Insurance Claims Made Against Professionals

Professional liability insurance, also known as errors and omissions (E&O) insurance, protects professionals from financial losses that may occur as a result of mistakes or errors during a professional engagement. The most common claims made against professionals fall into five general categories:

New Insurance Trends in 2023

The insurance industry is constantly evolving, and technology is playing a major role in this transformation. In 2023, we can expect to see even more innovative technologies being used by insurers to improve their products and services.

Here are some of the top insurance trends...

Common Technology Insurance Claims

Technology insurance is a type of insurance that protects businesses from financial losses that may occur due to errors or omissions when providing technology services. This type of insurance can cover a wide range of potential losses, including claims for incorrect or incomplete data, software malfunctions, security...