Business Owner’s Policies (BOP) and General Liability insurance are great basic policies for covering your small business’s risks, but as your business adapts to changes in market conditions, operations, staffing, and more, your starter policy may need some extra oomph to ensure your business is sufficiently covered in the event of a qualifying incident. That’s where insurance endorsements come in to offer custom coverage that can be easily added to your existing policies.
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Insurance is one of the oldest industries in existence and accounts for roughly $1 of every $4 spent in the United States. Despite its dominance, stability, and longevity, as an industry, young people increasingly write it off as a potential career path. We believe insurtech can help reverse this trend and change the way young professionals look at careers in insurance.
Continue Reading “Is the Insurance Industry Dying a Slow Death?”
This post was last updated on May 14, 2019.
Innovation in insurance is exploding. Like us, other insurtech startups are developing technologies to bring modern business efficiencies to the insurance industry. One area in the insurtech space that is seeing more new companies than others is around cyber liability insurance.
Continue Reading “The Pitfalls of Buying Cyber Liability Insurance From Companies That Only Sell Cyber Liability Insurance”
Insurance is often an item business owners put off purchasing until an event occurs making it a legal or contractual requirement. In a past article, we took a look at 3 common events legally requiring insurance. However, millions of small businesses operate every day without insurance and they’re risking everything by doing so. In this article, we’re going to discuss the most common types of insurance claims faced by small businesses in America and the events that trigger them.
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We’ve all shopped for insurance at some point in our lives. Whether a personal auto policy or commercial general liability policy, if you research insurance then you’re going to come across A. M. Best’s insurance ratings. But what exactly are these ratings, what factors are evaluated to determine each rating, and what do they mean to a consumer? Let’s take a look.
Continue Reading “The A. M. Best Insurance Ratings Explained”