Category: Uncategorized

From volumes of information and misinformation to time-consuming onboarding processes, it’s natural for a lot of small business owners to have a distaste towards insurance in general. Mainly because they find the entire process to be very hectic and time-consuming. As a result, many end up skipping the entire process of doing their due diligence… Read more »

Introduction If you own a small business and think that you’re too small a fish for cyber attackers to even consider targeting you, think again. It’s this mindset that cyber attackers leverage to deploy attacks that one would never expect. It also makes your small business vulnerable, but don’t just take our word for it…. Read more »

Soaring rates, growing underwriting losses, and a tough renewal period coupled with reduced capacity made 2023 one of the most challenging years for the commercial building insurance market. 2024 brought with it more hope. 2023 was the year of triple-digit rates, these have now subsided as renewals see single-digit increases. Insurance is far more affordable… Read more »

Collectibles, whether they are rare coins, vintage clocks, or classic portrait paintings signed by elusive artists, hold a unique place in our hearts and minds. These items are worth far more than their original sale price and are also considered alternative investments—vehicles that don’t fall into traditional categories like stocks, bonds, cash, or real estate…. Read more »

Wakefield Research conducted a survey that produced some intriguing data about small business owners’ insurance knowledge and expertise. A general insurance knowledge test was taken by all respondents, and 96% of them failed. Three out of ten respondents of the survey acknowledged that their company is not covered for hard times by any type of… Read more »

The American local bar and restaurant market size was worth around $35.3 billion in 2022. According to a report, over 50,000 businesses occupied the market in 2023, driving the 5-year annual growth rate to around 5.9%. The industry has faced the odd downturn and there are many issues that bar and restaurant owners face including… Read more »

It’s well-known that Americans are dealing with multiple chronic diseases. Around 42% of us have 2 such diseases, and around 12% of the population has 5 such chronic diseases, which is a worryingly large number. And this is costing us. Reports suggest that around $4.4 trillion was spent on health globally in the US in… Read more »

The American commercial property market has always seen tremendous changes as well as growth. However, post-COVID commercial properties, especially corporate offices, have seen a marked and steady downward trajectory. The market for US commercial real estate was around $1.66 trillion in 2024 and it is expected to reach around $1.89 trillion by 2029. Let’s look… Read more »

The financial products industry has used underwriting since the eighteenth century. However, underwriting has become a lot harder in the contemporary age because of many uncertain factors like environmental changes, economic disruptions, and more. Over $21.2 billion worth of underwriting losses were faced by the property and casualty insurance sectors in the US. On the… Read more »

Small businesses are at the receiving end of about 46% of all cyberattacks. Their protection is limited and sometimes non-existent, making them easy targets. The lack of technical skills and domain understanding among owners also contributes to this. What can small businesses do? Well, the right insurance and knowledge can help. Possible threats small businesses… Read more »