If you’re interested in finding a new insurance broker for your small business, it can be challenging to know where to start. There are countless brokerages and consultants out there with varying degrees of experience, expertise, and effectiveness. How can you find a new insurance broker you can trust to look ou...
Commercial insurance brokers can help businesses reduce costs, minimize risk, and handle claims. However, not all brokers provide the same quality of service. Businesses should be aware of several signs that you need a new insurance broker. To ensure you are working with the best fit for your business, explore th...
The best way to evaluate insurance brokers and advisors is on-the-job performance. But what should you be evaluating and what might you look for in a potential broker before you’ve had the opportunity to work together and evaluate their performance directly? Everyone Wants a ‘Good’ Insurance Broker The first s...
Make Sure You Understand How Your Insurance Broker Is Paid Knowing exactly how your broker is being compensated for their services adds transparency to the process, which can lead to a more productive and open relationship to both party’s mutual benefit. For smaller employers, you may often hear, “I get a fixed com...
What is Errors & Omissions Insurance? Errors & Omissions insurance is a kind of liability coverage that is primarily used by professional businesses and services to protect themselves against damages and liabilities that may be caused by the operations of those professional services. Similar to (and sometimes re...
What is Commercial Insurance? Commercial Insurance is a general term that is used to describe a category of insurance primarily used by businesses, professionals, sole proprietors, and sometimes contract workers. Falling under the commercial insurance header are subcategories of insurance covering everything for...
“Human Resources” vs. “Human Capital” One of the most common misconceptions among modern business organizations is that human resources and human capital are the same thing.While some organizations historically have used the terms interchangeably, and there remains a great deal of overlap between them, the modern u...
Health insurance pools can be difficult waters to navigate even for an individual concerned only with their individual needs - but those difficulties are often multiplied when dealing with employer health insurance on an institutional scale. Because of the multifaceted layers of complexity contained within the comm...
What is Professional Liability Insurance? Professional liability insurance (PLI) is a type of insurance often utilized by licensed professionals in a wide variety of fields to cover certain types of claims against their businesses that may come about as a result of the professional services they provide. Also k...
Cyber Insurance is a type of business insurance that can cover a significant variety of electronic communication, technological, and other cyber-related risks that modern companies face. At its most basic, cyber insurance is intended to cover your business against damages caused by cybersecurity infractions and o...
What is Construction Insurance? Given the considerable amount of money and the coordinated effort of so many people/businesses, there is a lot of risk involved in a construction project that must be allocated among the involved parties and mitigated with insurance. Construction insurance is an umbrella term for ...
Employer Health Insurance Broker vs. Employee Benefits Advisor There are many challenges to overcome when an organization is determining what employer health insurance plan is the best fit for their specific needs. To help navigate the potential advantages and pitfalls in their paths, employers and their HR depa...
What are Health Insurance Brokers? Health insurance brokers provide a number of services for those seeking to purchase health insurance - whether as an individual or commercially. In addition to assisting buyers in the purchasing of health insurance, brokers typically provide continuing services to policy holders ...
Who Rates Insurance Companies? While there are many ways by which an insurance company can be evaluated, discussions of insurance company ratings typically refer specifically to their credit rating (or measure of the company’s financial health) as the standard rating by which insurance companies are graded. Acc...