The insurance landscape in California is undergoing a significant shift, with major carriers reducing their presence in the state’s market. This development has led to the emergence of a “hard market,” characterized by rising rates and limited coverage options. In this blog, we aim to shed light on what a hard market means for consumers […]
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Many employers, especially in the construction industry, need employment practices liability (EPLI) coverage to protect themselves against employee claims.
Recently, Hartford did a study that showed that 75% of all commercial buildings were underinsured. And of those that were underinsured, they’re at 40% underinsured. That means that if you have a property that’s worth a million dollars, you’re only having it insured for 600,000. If you have a catastrophe, you’re only going to get […]
Business owners can recession-proof businesses by minimizing workers’ compensation claims, creating employee trust and safety, and investing in insurance.
The prevalence of employee-owned smartphones and other devices in workplaces across the country has grown considerably in the last few years and shows no sign of stopping. A recent study by Bitglass found that 85% of organizations surveyed allowed their employees to use their personal devices for work functions. If it wasn’t obvious already, the […]
Inflation is one of those economic concepts that everyone has heard of—especially today—however, few people understand what it means. In essence, inflation is a rise in prices across the economy. This phenomenon can have several consequences for property owners and investors. This considered, it’s important to understand how inflation works and how it affects property […]
A high experience modification rating (EMR) leads to high workers’ compensation insurance premiums. Reduce your EMR by identifying risks and implementing a safety program.
Reviewing “Rising Inflation Can Mean Your Home Is Underinsured” It’s no secret that inflation has been on the rise lately. In fact, it’s been increasing at a steady rate for the last few years. This might have you wondering if your home insurance policy is still adequate. If your policy was purchased when inflation rates […]
What if you could have insurance that paid out when a specific event occurred, regardless of the cost of the damages? This is what parametric risk insurance is all about. In this blog post, we will discuss what parametric risk insurance is, how it works, and who can benefit from it. What is Parametric Risk […]
Additional insureds are added to insurance policies because of liability exposures; loss payees receive payment from insurance policies in the event of a loss.