Category: Uncategorized

Crazy insurance tales have been making headlines for decades now. There seems to be no end to the capacity of humans to come up with bizarre creative solutions to secure what they think are easy payouts. Before we get into some of the craziest tales we’ve come across, it’s important to understand what insurance fraud… Read more »

Many small business owners may think that they’re “too small” a business for cybercriminals to care about and that only the big fish are susceptible to cyberattacks. This common misconception lands a staggeringly large number of businesses in hot water. It leaves them unaware and unprepared for threats that lurk around them. According to Accenture’s… Read more »

In a nutshell, workers’ compensation is a government-mandated program that pays out benefits to workers who are injured on the job or who fall ill because of the job. This typically covers medical costs, healthcare benefits, income for lost wages, educational retraining, and disability pay. While workers’ comp is a state government-mandated program, the benefits… Read more »

If you are a homeowner or looking to become one, chances are you have already come across the concept of mortgage insurance. And if you haven’t it is worth understanding what this entails as you may be mandated to have it in some cases. Read on to know more. Mortgage insurance is a policy that… Read more »

Did you know that over $100 million worth of jewelry is stolen each year according to the FBI? This is exactly why it makes sense to have your jewelry insured. Losses in 2023 alone amounted to $133.2 million, making it a “historically high” crime rate. There are a lot of risks involved in keeping jewelry… Read more »

Did you know that winter storms can cause as much damage as hurricanes? While the wind speeds of winter storms are not as bad as cyclones, the storm fronts can be over 600 miles long and sweep across half a continent. It’s no surprise that winter storms result in massive insured and uninsured losses year… Read more »

It’s bizarre that we need to reiterate this in 2024, but with a surprising number of Americans opting out of homeowners insurance, it’s time to dig deeper. Recently, the US Fire Administration estimated that over 46 million homes, collectively valued at $1.3 trillion, are highly vulnerable to wildfires and coastal disasters. This is no surprise… Read more »

It’s no secret that small business owners typically have a healthy risk appetite, but even they never mess around with fire. These are not irrational fears because a fire can cause devastating damage to a business, leading to loss of equipment, structural damage as well as loss of data, and danger to the lives and… Read more »

Did you know that insurance fraud costs the industry around $ 308 billion annually? Insurance fraud has made headlines ever since the conception of insurance for all the wrong reasons. Experts have estimated that 1 in 5 insurance claims are fraudulent. To put things into perspective, insurance fraud is one of the most common white-collar… Read more »

Employment Practices Liability Insurance is designed to safeguard small business owners from potential legal actions brought by their employees for various reasons. That includes responses to administrative actions that lead to allegations of wrongful termination and breaches of contract. In essence, EPLI mainly protects businesses from employee lawsuits alleging infringement of their employee rights. Although… Read more »