Insurance Insights

On the Anniversary of Hurricane Katrina, bolt insurance Agency Urges Small Business
Owners to Protect Themselves and Their Businesses

Graphic Reveals Devastating Impact on Business Owners and Tools to Protect Small Business from the Unexpected

Farmington Ct. – June 25, 2012 – Business Owners Liability Team (BOLT Insurance Agency) announced today that it has been chosen by Hiscox as a distributor for its small commercial insurance products to business owners across the country on the bolt insurance portal platform.

“Hands Off” Approach to Sexual Harassment Can Destroy a Small Business (Infographic)

Farmington Ct. – June 18, 2012 – Owners Liability Team (BOLT Insurance Agency) announces the launch of its mobile website to make it even easier and more convenient for small business owners to protect themselves. Smart phone users will now automatically be redirected to the mobile optimized website when visiting www.boltinsurance.com on their smart phones. Small business owners can thoroughly compare coverage and pricing, and ultimately purchase cost-effective insurance for their businesses within minutes, wherever they are.

Farmington Ct. – January 12, 2012 – Business Owners Liability Team (BOLT Insurance Agency) released today its latest infographic detailing the incredible growth rate of women-owned businesses in the U.S. According to the U.S. Census Bureau, between 2002 and 2007, female small business ownership increased 20.1%, while male-owned businesses grew 5.4% in the during the same time period. In fact, in 2007, 7.8 million businesses in the U.S.were majority owned by women, representing almost 30% of non-farm businesses

If you own and operate a retail store  — besides keeping products that your customers want on your shelves at prices they’re willing to pay  — you have a lot to contend with. Add things like keeping your store de-cluttered, easy for customers to get around, and visually pleasing and attractive for shoppers, to your already long list. You should keep in mind the common mistakes many retail store owners make, and work to avoid them at all costs.

All it takes is one single lawsuit from a sexual harassment claim for a business to have its tables unturned and business halted. A sexual harassment claim can cost a business a lot of money, not to mention cost them their reputation. Many small businesses have a sexual harassment policy listed in black and white in their employee handbook, but many do not have sexual harassment insurance as part of their business insurance.

Director’s and Officers liability insurance, otherwise known as D&O Insurance provides
insurance that protects officers and directors of both nonprofit and for-profit
companies from liability for monetary damages that result from actual or alleged
wrongful acts committed while performing their duties for the company. Director’s
and Officers liability insurance also covers expenses associated with administrative,
civil, criminal and regulatory proceedings relating to actual or alleged errors,
omissions, neglect or breach of duty.

If your small business uses vehicles to operate its business, then it’s critical
to have commercial auto insurance.