Skip to the content

Category: Business Insurance News You Can Use

What is Key Person Insurance?

Key Person Insurance Could Save Your Business  Even in this era of teamwork, it's only realistic to acknowledge that some people contribute more to a business's success than others. If one of your employees were to leave your company, are you worried it might not recover from the loss? If so, this employee is considered a "key person," and there is insurance to deal with...

Who Needs Workers' Compensation Insurance?

'Do I Need Workers Compensation' And Other FAQs If you're considering starting a business, it's important to have a comprehensive insurance package to protect your investment. Workers' compensation is a type of insurance that provides protection not only for employees, but for the employer as well. Here are some frequently asked questions (FAQs) about workers' compensation: Do I have to purchase workers' compensation? It depends...

Top 10 Insurance Terms

Directors and Officers Insurance: Debunking the Myths Companies often don't believe they need the much-misunderstood commercial liability insurance product known as directors and officers liability insurance (D&O). Acts leading to claims: This liability insurance provides protection from financial damages and covers legal defense expenses from claims relating to things like mistakes omissions breaches of duty misleading statements or misstatements neglect D&O insurance protects individual directors...

Wellness Plans: Good Health is Good Business

    Sorry Chef: Big Data is Changing High-End Dining Everyone knows the customer is always right. Well, almost everyone. What about those culinary maestros crooned over in magazines such as Vanity Fair and Bon Appetit with the kind of adjectives usually reserved for the Duke and Duchess of Cambridge? You know the type - gourmet chefs on a mission to teach untutored restaurant goers...

What are Surety Bonds, and Do You Need Them?

What Are Surety Bonds, and Do You Need Them? We often see the phrase "bonded and insured", but what exactly does it mean? This refers to the process of bonding through surety bonds. Although they are a form of commercial insurance at their core, surety bonds work slightly differently: Generally speaking, they play a different role and fulfil a different objective than other insurance policies...