Category: Uncategorized

Small businesses often tend to ignore the need for insurance due to the associated cost of insurance or a misleading belief in the low probability of major risks impacting their organizations. However, this misplaced confidence can have catastrophic repercussions for small businesses. It is essential to cover and protect all business assets with the appropriate… Read more »

Various internal and external sources of risks can cause significant damage to business operations. One significant investment businesses incur is real estate. The office or other buildings that are key to business operations have a large share of sunk investments. In businesses like real estate or property development, the commercial building itself is the business!… Read more »

The United States is the largest tech market globally with presumed market size of $1.6 Trillion in 2019. Disruption is a fact of life here and startups come and go at a dizzying pace. In fact, the industry has the highest failure rate too, estimated at 63% in 2018. So, for those looking to enter… Read more »

The images linger in our memory of the streets of Dallas covered in snow after a raging winter storm slammed the city. Images of snowed-in shops and stark-white streets filled the news only a few weeks ago. Reports say that this year’s winter storm could be the most expensive weather event in all of Texan… Read more »

Are you looking to become a professional merchant on Amazon? Then you’ll need insurance. This may come as a surprise to many but Amazon requires their sellers – big or small – to have product liability insurance. With so many cases of faulty products leading to expensive lawsuits for Amazon – can anyone blame them?… Read more »

What is the first thing that comes to your mind when you think about business insurance?  For many small business owners, it may well be – ‘Later’.  But this particular word is the root cause of most problems. A survey reveals that about 75% of US businesses are 40% underinsured. While the main reason is concern about… Read more »

Did you know that in 2019 alone, there were 888,220 nonfatal injuries and illnesses in private industry occupations? This figure doesn’t include workplace fatalities. Situations like these are deeply traumatic; for both the company and employees. They can also prove to be very expensive –financially and in terms of goodwill. This is why companies have… Read more »

We’d all like to believe that our employees reflect the scruples of our companies. Sadly, employees will sometimes conduct themselves in ways that go against corporate and even personal ethics. They may exhibit discriminatory or predatory behavior, mismanage benefit plans, or more. In such instances, it’s difficult to predict the extent of legal woes a… Read more »

According to the National Insurance Crime Bureau, fraudulent claims in worker’s compensation may amount to $80 billion annually in the USA. While some large-scale businesses may have additional resources to tackle such situations, small businesses risk major financial losses in the battle against fraud.  Employee fraud tends to make up for about 20% of the annual worker’s comp frauds… Read more »

US retail stores achieved a profit of $6 trillion in 2018. And there were about 3,100 more stores at the end of the year than in 2017. While the events of 2020 presented challenges for the sector, retail is a pillar of the economy and there’s no reason to assume it won’t remain so in 2021…. Read more »