Author: Chris Gonzalez

A 2021 Deloitte study found that 85% of small business insurance buyers could purchase insurance through non-traditional channels. The uncertainty following the 2020 pandemic is undoubtedly a contributing factor to this inclination.  Small businesses are often negatively impacted by new clauses, new rules, and unforeseen circumstances. But why specifically small businesses? It’s because small businesses are typically… Read more »

Ever since the pandemic, there has been a drastic change in how people see their insurance needs. They now care about a lot of things – something that the Insurance Information Institute has shed light on. According to their report, life insurance premiums saw a steady growth of over 11% from 2020 to 2021. But what… Read more »

Did you know that there are over 33.2 million small businesses in the US alone? They range from small-scale manufacturers to bakers and more. However, these small businesses, too, have to deal with the nuances of insurance, even if there are no employees apart from the owner. As it stands, there are four major coverages, including property… Read more »

If you own a business, you know what risks it is prone to. Unforeseen incidents can occur anytime, causing huge monetary losses. So, insurance is vital to protect the company’s assets from such events. But what kind of insurance does your business need, and is it adequate to cover all your needs? These are some… Read more »

By 2035, the US will face a soaring need for around 4.3 million more apartment buildings. Indeed, as the economy recovers and the need for housing grows, the demand for apartments will increase. With this in mind, it is important that all owners take note of how their buildings are insured. There are many facets associated with… Read more »

Did you know that 90% of businesses face lawsuits at least once? These litigations may result from anything from service mistakes, negligence, or non-delivery of products. Hence, insurance protection is crucial for every business, including contracting businesses. Multiple contractor insurance policies can help protect your business against these litigations. The best of all is professional liability insurance…. Read more »

Is having a homeowner’s insurance sufficient to cover all your assets? Surprisingly, no. Although conventional homeowner’s insurance covers all the items you own, in case of loss or damage, it might not insure the full value of certain items. In other words, it might not offer adequate coverage of each of the listed items, especially… Read more »

During COVID-19, there was a drastic decrease in vehicles on the road, which raised concerns among personal and commercial vehicle owners that they were overpaying for the cover of vehicles that never left the driveway. In many ways, concerns like that led to the rise of the usage-based insurance (UBI) concept, where premiums are charged… Read more »

Condo association insurance offers a broad range of coverages. It typically covers the common areas – the structure of the building and the land where the condo is situated. Every condo association’s insurance term and by-laws are different. Therefore, one has to carefully analyze and determine where the responsibility of the individual condo unit ends,… Read more »

The average expenditure on auto insurance has been rising for almost a decade now. On average, the liability premium grew by 30% from 2014 to 2018. The incurred losses due to car accidents were over $96.8 billion in 2017. The number would be even higher now, considering the inflation and the number of accidents. The larger chunks… Read more »