According to data collected by the Bureau of Labor Statistics, approximately 20% of businesses that opened in 2021 were not able to celebrate even their first anniversaries. The sad truth of business is that many ventures fail. Failure can occur for a variety of reasons, including an inability to scale up, a lack of sales, or not… Read more »
Category: Uncategorized
The Latest Trends in Commercial Property Insurance
Climate change, economic upturn, and altering needs are all contributing factors to consider when it comes to commercial property insurance. Citizens are heavily invested and certain about obtaining commercial property insurance because of these factors and the fear of financial burden. According to reports, the global commercial property insurance market will grow at a CAGR of… Read more »
Keeping Your Home Safe from Summertime Disasters
Summers in the United States can be brutal. Temperatures can shoot up and create havoc. Besides, hurricanes, floods, fires, and storms are some of the most common summertime disasters. They leave homeowners in a state of mental, physical, and financial anguish. The 2022 heat wave troubled many Americans, and reports indicate that 7 out of 10 people… Read more »
The Top 6 Risks Small Businesses Face and Insurance Coverage to Mitigate Them
Running a small business is both challenging and rewarding. Business owners invest their hearts and souls into their ventures, striving for success. When a business thrives, it’s not just a measure of financial success — it’s a testament to the countless hours of hard work and unwavering belief people have invested. However, it’s crucial to… Read more »
Why It’s Never Too Late to Get Life Insurance Coverage
Life insurance policies are fairly straightforward. You purchase an insurance policy, pay the premiums, and leave a secure life for your loved ones in the event of a natural or untimely death. However, many Americans are either uninsured or have inadequate coverage. According to a recent LIMRA survey, more than 41% of adults who were both insured… Read more »
Understanding the Threat from Lead-Based Paint (And the Protection)
Lead has long been a source of concern for people worldwide because it is a toxic substance that can have adverse health effects. Its presence and extensive usage in the past for commodities like paints, pipes, and gasoline has invited utter scrutiny, and rightly so. Unfortunately, lead use in several applications in the past has… Read more »
Home or Condo – Understanding Your Insurance Options
There’s always a steady trend of people looking to purchase home insurance. This can be attributed to several factors. On the one hand, for example, the weather is becoming less kind with numerous natural disasters affecting cities across the United States. On the other hand, inflation is so high that repairing a damaged home is… Read more »
An Insurance Primer for Founders Of “Revenge Startups”
The clickbait term – revenge startups is making the rounds in news and debates across the country. Following widespread layoffs, various stories are getting published showcasing laid-off employees launching new businesses in the same industry. These revenge startup stories began with Jen Zhu and Sarah Porter, who founded their businesses after they were asked to wrap up… Read more »
The “Good Boy” Policy – A Glimpse of Pet Insurance
As per the 2023-2024 APPA national pet owners survey, 86.9 million, or 66% of American households, were reported to have a pet. Another study found that the number of pets in American households makes the country one of the world’s largest pet-owning countries. However, having pets comes with a lot of responsibility and expenditure. In 2022, the total… Read more »
Beyond Fire and Flood: What Other Building Insurance Should Property Owners Get?
Having one or more types of property insurance is mandatory. But beyond what mandated by the law, most building owners need more protection. Here are four types of building insurance that we believe are essential for any type of business in the United States. Business Property Insurance This insurance policy differs from standard property insurance… Read more »