Since 2017, the financial damage caused by data breaches has raised by more than 6 percent. Companies now risk an average loss of $3.86 million for each data breach they encounter. Unfortunately, smaller businesses do not have the resources of larger companies and could face financial ruin if a data
Will Inland Marine Insurance Cover Damages To a Movie Set Construction?
If you are a contractor, builder, or other construction professional, you may be considering whether or not to invest in inland marine insurance. This type of insurance covers materials, products, and equipment that are transported over land, such as by trains or trucks. It can also be used to
What Is a Workers Compensation Audit?
If you have a Workers Compensation Policy or anticipate obtaining one in the future it is important to understand how the policy works and be prepared for an audit of your policy. Working with a workers compensation auditor doesn’t have to be difficult if you are prepared for following through with
Am I Covered If My Employee Embezzles From My Business?
The crime of embezzlement occurs when an employee has access to the funds of your business and steals it. Embezzlement is the theft or misappropriation of funds placed in someone's trust. An example of embezzlement is when a cashier steals cash from the till. Another example is when your office
Why Your Cannabis Dispensary Needs Product Liability Insurance
Product liability is a must-have for any business involved in the high-risk cannabis industry. With recreational cannabis now legal in 10 states and medical cannabis legal in 33, insurance companies are seeing a rapid increase in cannabis-related product liability claims and lawsuits. Product
How Does Workers’ Compensation Insurance Cover My Restaurant Employees?
Workers’ compensation insurance is an insurance program required by state law. The workers’ comp program requirements vary by state. In every state, however, the employer pays premiums, and the program pays benefits in the form of pay replacement and medical benefits to employees who have
The Latest in Drone Technology
Over the last several years, drones have become essential to the function and performance of various businesses and organizations. These unmanned aerial vehicles (UAV) open up brand new opportunities for companies, from delivering packages in record time to recording incredible image and video.
Why Your Next Film Production Needs Production Insurance
Production insurance is in the simplest terms insurance coverage designed to cover the unusual risks involved in filmmaking activities. Production companies and filmmakers and anyone who is producing a film as part of a business activity should discuss the need for production insurance with an
The 2019 Guide to the Most Important Drone Insurance Coverage
Drone insurance includes a range of insurance coverages. The type of drone insurance you need depends on your drone activity and the nature of your drone business. It also depends on your contractual requirements with your clients and subcontractors, or your rental agreement obligations. If you are