Insurance Insights

Employment Practices Liability Insurance, or EPLI, is becoming an increasingly important type of business insurance coverage for companies to purchase. In fact, it’s a huge risk for businesses with employees to operate without this particular type of insurance coverage.

On September 11, 2001, the world changed for businesses in the United States – especially where insurance was concerned. The $40 billion economic toll of the 9/11 attacks, resulting from nearly 3,000 lost lives combined with an unprecedented amount of property damage on U.S. soil caused by acts of terror, fell largely on reinsurers who were completely unprepared for the scale and scope of the financial fallout of these terrorist attacks.

Equipment is an investment for any businesses. Small businesses often feel the pinch of this investment more sharply than larger businesses. Regardless, of the size of your business, however, the need to protect your investment remains the same. These are just a few great ways your small business can protect your equipment investment.

Starting a small business often comes with a significant financial commitment for owners. With their fiscal futures on the line, small business owners will want to make sure they are protected from all types of threats. One of the fastest emerging risks small businesses in the United States are facing is cybercrime. In fact, a recent study conducted by the Ponemon Institute found one-third of all U.S. small businesses were a victim of a cyberattack in 2012.

While small business owners around the country may still not be as optimistic as they were before the recession hit in 2008, there has nonetheless been a slow and steady increase since bottoming out in mid 2010.

Owning and operating your own business can be a wonderful way to earn a good living and be your own boss, but you also have a lot to think about. Protecting your business and property is one of those important things. There are many things that can affect your business property, from natural disasters to extreme weather conditions like snowstorms or heavy winds.

It is estimated that over 36 million Americans currently work from home, and the number is growing each year. It’s an attractive way to make a living because the daily commute consists of a short walk from the bedroom to the home office each morning.

The National Earthquake Information Center records information and publishes reports about earthquakes around the world that meet certain standards. Currently the NEIC publishes around 30,000 earthquake reports each year, representing a significant resource for the many million that take place each year.

As a business owner, keeping account of your company’s physical assets is important for commercial insurance purposes. In the event, of a fire, theft, damage or loss, you want to ensure that your business is protected. Creating an office inventory list will assist in keeping record of your company’s insurable assets.

According to a report released by the National Coalition for Safer Roads on May 20th, 2015, red light driving violations increase during summer months. This report was based on data collected during the summer season of 2014.