"Commercial Insurance" Blogs

Intellectual Property Insurance: Why You Should Consider It

Every business has intellectual property (IP), which is oftentimes their most valuable asset. Many high-profile cases have brought IP insurance coverage to the spotlight. Intellectual property insurance is there to safeguard your business, whether small or large, as well as inventors, if you are sued for infringement by another business. In other words, someone takes […]

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Do I Need Cyber Liability Insurance?

Do I Need Cyber Liability Insurance? The cyber age is here and to stay – at least for now. When it comes to data breach, a proper and timely response to protect your business is crucial. Every day more businesses of all sizes and types rely on large amounts of data to effectively run their […]

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General Liability vs Professional Liability Insurance

General liability and professional liability insurance are both great investments in your company since they offer protections unique to the needs of your business.  However, they may also cover distinct types of lawsuits. Based on your business risks, you may need to purchase one or both policies. General Liability Let’s start with general liability. This […]

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Does Your Business Use Gig Workers? Business Insurance May Not Cover Worker Classification Lawsuits

The gig economy is changing the way Americans work. While many workers and companies are embracing the gig model, laws are evolving on how workers should be classified. The resulting wage and hour lawsuits are costly, and this type of liability is often not covered by business insurance or employment practices liability insurance policies. The […]

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‘Tis the Season for Slip, Fall and Fraud Prevention

With one slip, a winter wonderland can turn into a business owner’s nightmare. This time of year, snow and ice create slip-and-fall hazards. Business owners must take steps to keep their customers and their workers safe. Business owners must also stay vigilant to limit their liability and to prevent fraud. In 2016, approximately 9.2 million […]

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The Commercial Property Coinsurance Clause: Beware of Underinsurance

Underinsuring your commercial property may be riskier than you realize. If you skimp on your limits – maybe because you’re trying to save a buck or two on your monthly premium – you won’t have enough coverage to rebuild if your business ever experiences a total loss. But it’s not only a total loss situation […]

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Insurance 101 For New Business Owners

If you are about to start a small business, you already know what it means taking risks in life. Thanks to entrepreneurs like you our economy keeps going. But it’s smart to limit your risks as much as you can. That’s where business insurance comes into the picture and solid guidance from a licensed agent […]

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California’s AB5: Why Employment Practices Lawsuits Could Spike

Does your company use independent contractors? If so, you might find yourself on the receiving end of an employment practices lawsuit. A new law in California, AB5, will make it more difficult for businesses to classify workers as independent contractors. A spike in lawsuits could result. The ABCs of AB5 The gig economy has contributed […]

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Professional Liability Insurance: What Every Business Owner Needs to Know

We all know that to err is human. But when it comes to your business, human error can result in major liability issues. This is why professional liability insurance, also called errors and omissions insurance, is essential for business owners in many common professions. Common Mistakes Can Become Costly Lawsuits Imagine you miss a deadline, […]

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Employment Practices Liability Insurance: 5 Reasons to Get It

If you have employees, you should seriously consider getting employment practices liability insurance (EPLI). A type of liability coverage, EPLI protects your business against lawsuits filed by employees. Common claims typically covered under EPLI include discrimination, harassment and wrongful termination. Here are five reasons to get EPLI for your company. 1. Other types of commercial […]

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Which Businesses Need Commercial General Liability Insurance? Get Answers Here

Without the right insurance, your business could be at risk. Commercial general liability insurance is considered one of the most common and most important types of commercial insurance. If you operate a business, there’s a good chance you need it. Commercial general liability insurance provides coverage for common liability issues faced by businesses. For example, […]

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Obtaining Small Business Insurance: New York State Requirements

Don’t operate a small business in New York without knowing the state’s insurance requirements. Without proper coverage, your business could be vulnerable to the high costs associated with lawsuits, criminal activity, property damage and injuries. You could also face fines and other legal consequences for failing to maintain required coverage. Commercial Liability Insurance Requirements in […]

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