Blog

27
Jan

Five Kinds of Commercial Insurance Plans Essential for Your Business

Different types of event risks have proven that commercial insurance is vital for business success, whether you’re an SMB or a large corporation. However, the types of policies required can vary by many factors, including your specialty and industry-specific risks. This is why it’s important to evaluate your insurance coverage needs with the help of an expert, such as your

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20
Jan

Does Getting a BOP Insurance Make Sense for Your Business?

Operating a business comes with a lot of rights and responsibilities. One of the common goals is to maximize sales while navigating risks. Having a strong insurance plan can help you navigate those risks. As a business owner, you are subject to a lot of risks. You could get sued at any moment. Business Owner’s Policies (BOP) are designed to

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13
Jan

The Essential Components of Workers’ Compensation Insurance Policy

When you go to work each morning, the last thing you think about is that you will be involved in a job-related injury. Even though you take every possible precaution, an accident can still happen. Workers’ compensation insurance is mandatory in most states and is in place to ensure that you can get the treatment you need to return to

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6
Jan

Does My Professional Liability Insurance Cover Contractual Liability?

Working in a professional field, you face litigation risk and liability claims from dissatisfied clients and even competitors. It’s worth noting that litigation risk varies from one profession to another. For example, in the medical field, physicians are most likely to be sued, whereas psychiatrists have the lowest lawsuit risk, with only about 2.6% facing claims. Either way, you should

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30
Dec

Top 7 Myths Concerning Workers’ Comp Insurance

There are many myths surrounding workers’ comp in NC. While some myths may seem true due to misinformation, most people are simply unaware of what they are entitled to under their workers’ comp policy. It’s important to have a working knowledge of this policy to avoid any surprises when you file a claim. Here are a few common myths related

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23
Dec

Is Inland Marine Insurance the Same as Cargo Insurance?

Ocean marine insurance dates back to the early nineteenth century, making it the oldest form of insurance still used in America. The purpose from the beginning was to protect cargo being shipped overseas. Once goods crossed the water, it was necessary to carry additional coverage for inland transport. Here’s a look at the importance of inland marine insurance in NC.

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16
Dec

How Small Business Insurance Impacts Potential Contracts

Business insurance in N.C. helps protect your business against possible lawsuits. In today’s competitive environment, many partners, vendors, and investors may require small businesses to add different types of insurance coverage to a contract before finalizing it. This often adds another complex layer to contract negotiations. Transferring some risk is a solid business strategy. You want to avoid a potential

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9
Dec

Importance & Benefits of Umbrella Insurance Policy

Umbrella insurance is a type of excess liability insurance that kicks in when you or members of your household are held liable for claims that exceed the limits of your underlying liability policy, such as home, auto, and watercraft policy. Umbrella insurance also covers some liability claims not covered by the basic policies including false imprisonment, slander, and libel. Additionally,

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18
Nov

The Four Major Causes of Business Interruption

In Allianz’s annual Risk Barometer report, business interruption ranked number one for six consecutive years from 2012 to 2018, making it the most crucial business-related risk today. According to the aforementioned report, the financial losses resulting from business interruption typically tend to be significantly higher than the financial losses resulting from property damage. More specifically, the average business interruption and

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11
Nov

A Quick Guide to North Carolina Commercial Auto Insurance

North Carolina is a state with nearly a million small businesses. Every owner must consider commercial auto insurance if their companies use vehicles for work. Finding the right insurer for your business needs is the first step. The next step is to work with your insurer to customize a plan that makes sense for your operation. Here’s what you need

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