Business Insurance Archives

Understanding Bodily Injury Coverage in Roofers Insurance

Business Insurance, Claims, Construction, Construction, General Insurance, Home Insurance, Life Insurance, Roofing / By Andrew Darlington

Being a roofing contractor is rewarding yet demanding. Roofers face risks, so having a roofer’s insurance is crucial. This insurance covers various liabilities and risks, making it essential for any roofing company. Understanding bodily injury coverage in roofer’s insurance is essential. This blog will delve into its importance, types of coverage, choosing the right one, …

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Roofing Insurance: Cost and Types Contractors Need

Business Insurance, Claims, Construction, Construction, Home Insurance, Roofing / By Andrew Darlington

Whether it’s workplace accidents or equipment damage, roofing contractors are exposed to a multitude of risks daily, which creates a large need for roofing contractor insurance. Whether you’re a small roofing business or a large-scale contractor, your insurance should be meticulously tailored to you to serve as a protective shield, not only for your roofing …

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Cyber Risk Coverage 101: Everything You Need To Know

Business Insurance, Construction, Cyber Risks & Liabilities, Cybersecurity, Roofing / By Andrew Darlington

The rise in cyber threats and attacks has massively impacted various entities – from private companies to specialist firms to government agencies – resulting in financial loss and reputational damage. TechTarget published 10 of the biggest ransomware attacks on organizations in the United States throughout 2023, including the ransomware attack on the U.S. Marshals Service, …

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Enhance Security with Cyber and Privacy Insurance Solutions

Business Insurance, Construction, Cyber Risks & Liabilities, Cybersecurity, Roofing / By Andrew Darlington

A small online retail company has an online store, and customer databases, and processes numerous transactions every day. Despite basic security measures, the company fell victim to a sophisticated cyberattack carried out by a group of hackers. They gained access and stole sensitive information, including credit card details and personal data of thousands of customers. …

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Cyber Theft Insurance: What You Need to Know

Business Insurance, Construction, Cyber Risks & Liabilities, Cybersecurity, General Insurance, Home & Family, Home Insurance, Manufacturing, Personal & Family Insurance, Roofing / By Andrew Darlington

Through IdentityTheft.gov, the Federal Trade Commission has received 1.1 million reports of identity theft. In addition, 2.4 million fraud reports were received, with the most frequently reported category being “Fraud by Scammers”, closely followed by “Online Shopping Fraud”. A report published by Statista shows that between 2001 and 2022, there was a significant increase in …

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Things You Should Know BEFORE You File Your Insurance Claim in Tennessee

Business Insurance, Claims, Personal & Family Insurance / By Andrew Darlington

You’re probably reading this because you recently had a car accident or suffered some other kind of loss to one of your vehicles, your home or your business. And you’re wondering… Should I submit a claim to my insurance company or not? Will there be any negative consequences? Will my price go up? By how …

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Veritas Certificate of Insurance Box Not Checked

Additional Insured Box NOT Checked?

Business Insurance, Certificate of Insurance, Construction, Roofing / By Andrew Darlington

If you asked your subcontractor to name you as additional insured, you were probably expecting that the Certificate of Insurance you would receive would have the additional insured box checked. To your surprise, the Certificate of Insurance came back and the box “ADDL INSD” is not checked. What should you do? What is Additional Insured? …

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Tennessee workers' compensation rates are decreasing.

Tennessee Workers’ Comp Rates are Declining in 2023

Business Insurance, Commercial Risk Advisor, Workers' Compensation, Workplace Safety / By Staff

If you are a business owner in Tennessee, we have some good news. The TN Department of Commerce and Insurance recently announced that Tennessee workers’ compensation rates in 2023 will decrease for most businesses. How Much Will Your Rates Decrease? In mid-December 2022, The TDCI approved a 10.2% loss cost decrease for workers’ compensation insurance. …

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Preparing for 2023 Ransomware Trends

Business Insights, Business Insurance, Cyber Risks & Liabilities, Cybersecurity / By Staff

Ransomware attacks can be detrimental to businesses of all sizes. These attacks are especially destructive to small businesses, which often have less cybersecurity measures in place, and less elasticity after an attack. This article discusses how your business can prepare for 2023 ransomware trends. What is Ransomware? Ransomware is a type of malware that prohibits …

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Insurance lessons from a murder investigation - Spectrum

4 Insurance Lessons From a Murder Lawsuit

Business Insights, Business Insurance, Commercial Risk Advisor / By Staff

Warning: this blog involves a sensitive issue that may upset some readers. In 2021, a former Spectrum cable technician was sentenced for life in prison for the tragic robbery and murder of an 83-year-old woman. The off-the-clock perpetrator gained entry into the woman’s home by pretending to be responding to a service call. In the …

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Outsmarting Hackers: 3 tips to protect your company's data.

Outsmarting Hackers: 3 Tips to Secure Your Company Data

Business Insights, Business Insurance, Cyber Risks & Liabilities, Cybersecurity / By Andrew Darlington

43% of cyberattacks are against organizations with fewer than 250 employees. Regardless of the size of your business, it is vital to protect your business against cyber attacks and data breaches. Here are three important steps you can take to outsmart hackers and secure your company data. 1. Backup Your Company Data Make sure you …

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Increase your small business revenue in 2023

3 Strategies for Small Businesses to Increase Revenue in 2023

Business Insights, Business Insurance / By Staff

There are hundreds of businesses out there. Cutting through the noise can be difficult, and many small businesses are looking for ways to increase their revenue in 2023. Here are three simple steps you can take to help your small business increase revenue in 2023. Be Innovative You don’t have to re-invent the lightbulb. But …

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Optimizing Your Marketing Strategy for a Recession

Business Insights, Business Insurance / By Staff

Businesses are looking for ways to save money. Many small businesses were hit hard during the COVID-19 pandemic, and things are not seeming to get much better as we enter a possible economic recession. Here are several important ways your business can optimize its marketing strategy to save money and prepare for a recession. Cut …

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3 Cybersecurity Tips During a Recession

Business Insurance, Cyber Risks & Liabilities, Cybersecurity / By Andrew Darlington

The economy is not doing well right now. Whether you categorize us as being in a recession currently or not, the economy is pretty weak, and the future isn’t looking too promising. As such, it is vital for business owners to think of ways to save money and protect their businesses from disaster. As tempting …

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