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Category: Commercial Insurance

What is commercial business insurance?

What is commercial insurance? As the name suggests, commercial insurance protects businesses, including business owners and their employees. Because every business is different, there is no one-size-fits-all insurance policy for small business owners. For instance, an ice cream shop has very different insurance needs than an auto repair shop or a golf course. That’s why many small businesses opt for a business owners policy (BOP),...

4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey

Many businesses purchase insurance policies hoping they never have to use them. Unfortunately, that hasn't been the case with cybersecurity insurance. A recent Wells Fargo survey of 100 U.S. middle-market and large companies found that 85 percent say they have purchased cyber and data privacy insurance, while 44 percent have already filed a claim as a result of a breach. The report didn’t look into...

What Is Bonding & Liability Insurance?

Surety bonds ensure that a project is completed as agreed Small business owners that want insurance for mistakes, accidents or work stoppage problems that can occur during the course of operations have a variety of types of coverage to consider. Surety bonds ensure that a project will be finished and are widely used in the construction industry. Liability insurance covers damage, injuries and other problems...

With Premiums on the Rise, What’s the Truth about Auto Insurance?

  To quote Nobel Prize winner Bob Dylan, “You don’t need a weatherman to know which way the wind blows.” You certainly don’t need TTAC to tell you auto insurance premiums are on the rise. You already know rates are trending up, well in excess of inflation. Nonetheless, let’s unpack some of the factors that have the average American now spending more than $100 per...

In A Car Accident. Check Out These Helpful Tools

Four Things To Do After A Road Accident If you drive regularly, the statistics suggests that sooner or later, you will be involved in an accident. The only question left is how severe will the accident be. Hopefully, with a bit defensive driving and due care on your part, it will be nothing more than the inconvenience of a fender bender. With that in mind,...