For small business owners, navigating the complexities of business insurance can often seem daunting yet is undeniably crucial. Effective insurance not only guards against unforeseen financial losses but also provides a foundation for stability and growth.

Like most people, you may have seen your car insurance premiums increase this year even if you haven’t had any auto accidents in the past 12 months. The personal car insurance industry is currently in a hard market, meaning the price of insurance is higher than usual.

The past year saw a continuation of many difficult conditions still affecting the homeowners insurance market today. The inflation spike during 2022 reverberated throughout the U.S. economy, and supply chain issues and labor shortages continued to impact the cost of construction.

Being in a car accident can be a scary and stressful experience. Even minor fender benders can leave you feeling shaken up or even cause you to suffer from post-traumatic stress. However, if you've been in an accident, there are important steps you should take immediately that will help to protect yourself, comply with the law, and start the claims process.

Professional liability insurance, also known as errors and omissions (E&O) insurance, is an important consideration for many professionals. This type of insurance provides protection against claims that your professional advice or services caused financial loss to a client. In this comprehensive guide, we’ll explore what professional liability insurance is, who needs it, its key benefits, and tips for getting adequate affordable coverage.

Auto insurance is one of the most frequently purchased types of coverage in the United States. However, while these policies may be common, they can still be complex and nuanced. Policyholders must be diligent and meticulous to ensure they fully understand their auto coverage and have ample financial protection.

Homeowners living in states that typically have more natural disasters, such as wildfires and hurricanes, are experiencing rate increases. Those in disaster-prone areas may see steep home insurance premium increases in the near future.

The auto insurance market is struggling with multiple challenges, resulting in sharp auto insurance premium increases for consumers. According to some estimates, the average auto insurance policy is expected to cost 8.4% more in 2023, representing the largest increase in car insurance costs in six years.

Homeowners insurance is one of the most frequently purchased forms of coverage among U.S. residents. As their name suggests, these policies provide critical financial protection for your home, family and belongings. However, homeowners insurance coverage can also be a complicated subject.

The ubiquitous presence of microplastics raises numerous concerns for the environment and human health. As scientific studies document microplastics’ harmful effects, liability issues for businesses contributing to such pollution may arise.

According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3% since 2020. While $4.45 million is the average across the 16 countries included in IBM’s survey of 553 organizations, breaches in the United States cost far more than the average. The 2023 average hit $9.48 million, according to the report.

As cyberattacks become more frequent and costly, it’s crucial for organizations to maximize their financial protection against related losses by purchasing sufficient insurance. Cyber coverage, also known as cyber liability insurance, can help organizations pay for a range of expenses that may result from cyber incidents—including (but not limited to) data breaches, ransomware attacks and phishing scams.

It is essential to effectively back up data since its loss can have significant financial and reputational consequences. Yet, as technology advances, backup strategies also evolve. For example, the 3-2-1 rule, a long-held data backup standard, has developed into the 3-2-1-1-0 rule that provides businesses with more robust guidance on mitigating the risks associated with data loss.

Hurricanes can cause significant damage to homes, resulting in costly repairs and even total property loss. Hurricane season starts May 15 on the west coast and June 1 on the east coast and along the Gulf of Mexico.

Wildfires burning since Aug. 8 on Hawaii’s Maui Island will likely result in the second-largest insured loss in the state’s history, according to a brief from catastrophe modeling firm Karen Clark & Company (KCC).

When an emergency arises on the job, evacuating the workplace can be challenging. However, preparing in advance to safely exit the area can help ensure a smooth and successful evacuation. Consider the following emergency evacuation best practices.

The past few years have seen artificial intelligence (AI) surge in popularity among both businesses and individuals. Such technology encompasses machines, computer systems and other devices that can simulate human intelligence processes. In other words, this technology can perform a variety of cognitive functions typically associated with the human mind, such as observing, learning, reasoning, interacting with its surroundings, problem-solving and engaging in creative activities.

Preventing workplace injuries and fatalities is crucial for organizations of all sizes and across sectors. Without safety initiatives in place, organizations could experience increased incident rates, higher workers’ compensation costs, reduced productivity levels and diminished staff morale. Fortunately, various technological solutions can help organizations mitigate potential hazards and protect their employees from harm.

Homeowners may have to manage significant losses and complicated processes after a significant weather event. While trying to get back on their feet and return to a sense of normalcy as quickly as possible may be tempting, it’s essential to be thorough and diligent in navigating the recovery process.

When employees leave a company, there is a heightened risk of data theft, which is also known as data leakage or exfiltration. This risk is present whether an employee’s departure is voluntary or not.