What is Cyber Liability and Data Breach Coverage?

By | General Insurance, Insurance, Professional services

Cyber liability. It might sound futuristic, but its time has come. To address a common misconception head on, it’s not limited to tech companies. Cyber liability coverage is a must for any business that handles sensitive client information— credit cards, customer records, and other confidential data. Nowadays, nearly every company deals with this sort of information as a part of the normal course of business. The Basics Cyber liability and data breach coverage provides protection against the costs your company can incur when a data security situation occurs. For example. say you run a small-town fitness center that charges cards…

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Why Do You Need Error and Omissions Insurance?

By | Professional services

Errors and Omissions insurance, also known as E&O or professional liability insurance, is an option offered to anyone who provides professional services. Should a client suffer harm due to an error on your part or because you failed to perform a service, you and your company are protected. Medical providers, lawyers, architects, social service providers, realtor/property managers, and any other professional service provider could benefit from this coverage. In fact, in some cases, it’s required prior to doing your job. Wondering if you require E&O insurance coverage? Read on for more information about this specialized form of liability insurance. Mistakes…

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5 Questions to Ask Your Insurance Agent About Umbrella Coverage

By | General Insurance, Insurance, Professional services

Umbrella policies help cover your business for catastrophic losses, providing protection above your primary commercial-insurance policies. With the rising medical and legal costs associated with accidents, third-party lawsuits, and other severe loss exposures, it’s important to start a conversation with your independent insurance agent about umbrella coverage–and soon. But not sure where to start? Here are five must-ask questions to ensure you’re getting the coverage you need to keep your small business in the black when a catastrophic accident occurs. How much coverage do I need? This answer varies from business to business, depending on the size and value of…

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You’re An Expert In Your Business, You Need Experts For Your Professional Services…

By | Professional services

As an entrepreneur, you’re naturally driven and focused. You’re an expert in your business, but there are times when it makes more sense to delegate. That’s why you brought on an accountant and hired that lawyer. Smart. Make a mistake on your taxes or a contract and you could sink your business. When it comes to protecting your business against risk, you may think that you need to do it all yourself. But the amount you’d have to know to make an informed decision on your own is enormous, and the smallest oversight could be disastrous years down the line….

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