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?”
In response to a question we’re regularly asked by prospective customers, we decided to write an article briefly discussing the differences between cyber liability insurance and technology errors and omissions insurance while also explaining why these two different policies should be combined. We’ve written multiple times about each of these types of policies separately, but understanding how they work together will ensure your company is not only getting the most from each type of insurance but that there aren’t any critical gaps in protection. Continue Reading “The Difference Between Cyber Liability and Technology Errors and Omissions Insurance”
Most people who own or run a business are aware of the many digital risks threatening their companies with increasing frequency. As new mainstream companies announce data breaches seemingly weekly, business owners are educating themselves on ways to avoid falling victim to cybercrime. But what happens when a company’s cyber defenses fail? That’s where insurance comes into play; specifically, cyber liability, or data breach, insurance. Continue Reading “Making Sense of Cyber Liability Insurance”
While some photographers are used to working on location or at venues, many operate a photography business out of a photography studio. Whether you operate a studio out of your home or out of a dedicated commercial space, your company faces a unique set of risks and should prepare for those risks accordingly. One of the biggest exposures is the risk of injury to a client while at the studio for a shoot.
Continue Reading “5 Things to Know If Someone Is Injured at Your Photography Studio”
Before joining Layr as a co-founder and the head of product, I co-founded and ran an e-commerce company for more than 5 years. The end of the year was always an exciting but stressful time for me and my team. It was exciting because the months of November and December were our biggest sales months of the year. It was stressful because my co-founder and I had to find time to manage all the critical year-end tasks while also ensuring everything operated smoothly during the most important two months of the year. I know firsthand that it’s easy for business owners to forget about key tasks that need to be completed before January 1st. So, I put together a handy checklist of the most important items that businesses need to tackle to enter the new year prepared.
Continue Reading “An End-of-Year Checklist for Small Business Owners and Their Teams”
With increasing frequency, insurtech startups selling cyber liability insurance online are emerging. With founding teams often possessing deep knowledge and experience in enterprise data security and investors interested in funding companies combating the increased cyber threats all modern businesses face, cyber liability insurance is, understandably, at the core of this new wave of startups. While we believe that cyber insurance plays a critical role in all effective cybersecurity strategies, we have serious concerns about the dangers and risks that come along with the insurtech startups that are only selling cyber insurance. Continue Reading “The Dangers of Buying Cyber Liability Insurance From Companies That Only Sell Cyber Liability Insurance”
Photography is an equipment-intensive profession with the tools a photographer depends on easily adding up to tens of thousands of dollars in value. From camera bodies to lenses to lighting, most photographers acquire the equipment they need over the course of their careers given the associated costs. But what happens when a photographer doesn’t have the tools necessary to complete a shoot or fulfill a contract? That’s where photography equipment rental comes in.
Continue Reading “Making Sense of Photography Equipment Rental Insurance”
Understandably, cash flow is king for any business and this rings especially true for small businesses. In fact, many small businesses only cash flow out 30 days at a time. As a small business ourselves, we experience this challenge each and every day. So, we thought we’d take a few minutes and write about 3 things we do to free up our own cash flow.
Continue Reading “3 Ways for Small Businesses to Free Up Cash Flow”
This article is part of our “Learning From Customers” series of blog posts. At Layr, our mission is to help our small business customers thrive. To help them thrive, we are committed to gaining a deep understanding of the industries they operate in and the challenges they face.
Continue Reading “What We’ve Learned About the Photography Industry from Our Photographer Customers”
Subcontractors, or artisan contractors, are a profession that is held to extremely strict insurance requirements. This is primarily because this profession typically involves risks that can cause significant injury to people or extensive damage to property. For example, when a professional in the construction or artisan contractor industry is ready to perform their job duties, they are required to show proof of insurance before any work can be performed and before they are allowed on any job site. So, let’s take a look at the types of business insurance subcontractors and artisan contractors should make sure they have in place.
Continue Reading “What Insurance Do Subcontractors Need?”