The Growing Importance Of Cyber Liability Insurance
Posted: January 2, 2018
In the 21st Century, technology is vital to conducting business. However, the same technology your business relies on can also leave it vulnerable to costly security threats. Cybercrime is big business and becoming increasingly more sophisticated with advances in technology. No one is safe from cybercrime – not individuals, not small businesses, not even the largest corporations. Cyber liability insurance can help protect your business...
Why A Growing Business Needs To Look Into Key Person Insurance
Posted: December 18, 2017
In a small, thriving business, the death of a key employee could cause the business to collapse. It could be an owner, a founder, a key salesperson, or any other important player. Life is full of uncertainties, but key person insurance helps protect your business should the unexpected happen. How Key Person Insurance Works Key person insurance is life insurance on a key person in...
Do You Need Business Insurance When Working Out Of Your Home?
Posted: November 2, 2017
Many small businesses in the U.S. today are home-based. For a small business owner or entrepreneur, working out of the home has many advantages. It is convenient, cost-effective, and comfortable, and you can skip the daily commute and wear pajamas or sweats all day if you like. However, conducting business in the comfort and convenience of your own home does not make it risk-free. You...
Surety Bonds and Insurance Requirements for Cannabis
Posted: October 31, 2017
A surety bond is an agreement between 3 parties: Obligee – The state, municipality, or other entity requiring the purchase of the bond Principal – The business seeking the surety bond Surety – The bonding company that executes the bond and provides a guarantee to the Obligee that the Principal will fulfill their requirements. As municipalities and the Bureau of Cannabis Control begin to issue...
The Importance Of Key Person Insurance For Small To Midsize Businesses
Posted: September 25, 2017
Key person insurance is life insurance on a proprietor, partner, or a valued employee who is key to the successful operation of a business. Small and midsize businesses typically have one or a few key persons who are primarily responsible for generating revenue. Examples include the partners in a two-attorney law firm, the sole cosmetologist in a small beauty salon, or the owner-founder chef of...
