Category: Uncategorized

The US economy has an important dependence on retail business, and the entire country realized this fact over the last few months. As retail establishments started slowly emerging from lockdowns, retail sales experienced a growth of 1.2%, as per a report by The Balance. This growth is welcome and more than a little encouraging, given than… Read more »

There’s no denying that a lot of confusion exists regarding condo insurance policies. Sadly, these are often misinterpreted by unit dwellers, as well as property managers. But the blame doesn’t lie with them (always). Very often, this is owing to a lack of comprehension while drawing up the policies by the insurance providers. According to… Read more »

Building owners in the US, whether they own apartment complexes or single buildings, face several financial and other risks that can be reduced by insurance coverages. According to a report by the Insurance Information Institute, insurers get about 40 claims each year for property damages due to strong winds and hailstorms and 350 claims due to… Read more »

We buy a property to dwell in with your family, or for commercial benefit. Either way, we have to take care of the financial and other risks pre and post-purchase to make the most of the investment. One such consideration is buying insurance to secure your property from potential threats, like damages, disasters, and liabilities. … Read more »

What happens if your work location gets damaged due to a hurricane or a fire? Your building insurance will cover for the damages, of course, but what about the disruption in business operations and the expenses involved in starting afresh? That’s when the business interruption insurance comes to your rescue. According to a survey by… Read more »

Americans are extremely aware of the importance of insurance in their lives and businesses. According to a report by Deloitte, the Property & Casualty sector of the US insurance industry saw a 66% increase in value last year. Another report by the Insurance Information Institute reveals that all insurance and related activities contributed to about 2.9% of the… Read more »

The insurance industry in the US has always been pivotal to consistent economic growth. According to Policy Advice, in 2015, the insurance carriers contributed more to US GDP than even banks for the first time. In 2017, this trend held strong, as the insurance sector’s contribution was 3.1%, while the financial sector (banks) contributed 2.9% of… Read more »

Insurance is a silent promise to cover your losses during an unplanned crisis when your savings or other financial means aren’t enough for the same. You can also purchase insurance to maintain your lifestyle or secure your possessions against loss, theft, and damage. As your savings eventually grow, you should keep evaluating the amount of… Read more »

Have you ever faced a situation where you misplace or damage a valuable item in your possession, only to find out that it’s not covered in your homeowner’s policy? God forbid if such a thing happens! The agony you feel in such situations ie real. For example, your engagement ring, an item that’s not only… Read more »

Being a business owner, you must already be aware of the importance of different insurance types, some of which may be mandatory in your state. In difficult times, a successful business is not only defined by its revenue but also the measures it takes to provide for its employees.  Worker’s compensation is one such benefit… Read more »