A new report from Beazley insurance company has found the top factors and top asks when it comes to buying business insurance. According to the Risk and Resilence report, businesses are looking for financial protection, risk insight, risk management-related services, and flexible coverage that meets their changing needs. Top Five Factors When Buying Business Insurance …
Do I Need Cyber Insurance?
Ransomware has become a substantial business risk in 2021. Major attacks have been disrupting businesses, from pipelines to meat packaging. No matter the size or industry, companies need to think about steps to take to secure themselves against cyber criminals. Some of the key actions that businesses can take include: Implementing a security awareness program …
How Flood Insurance is Changing
Here in Northwest Arkansas, we always have the potential to experience a lot of rain in a short amount of time. Heavy downpours bring threats of flash floods and storm-related power outages. Because of these threats, you need to make sure your Flood Insurance is intact and up to date. And there may be some …
Travel Insurance Demand is Skyrocketing
You’ve booked your business appointments. You’ve found the best deals on your hotel booking app. You’ve gotten a new passport size photo to update your travel documents. You may have even searched for “resorts near me” on Google. Now there’s a new must-have item to add to your travel checklist: travel insurance. According to Reuters, …
Suez Canal Crisis Highlights the Importance of Business Interruption and Supply Chain Insurance
Experts say the impact of the Suez Canal crisis on companies around the world could last for weeks. The crisis highlights the importance of specialty insurance products like business interruption insurance and supply chain insurance. The 1,300-foot-long, 220,000-ton Ever Given ran aground on March 23, 2021, after losing the ability to steer amid high winds …
Insurance Tips for Extreme Winter Weather
February 2021 saw a record-setting winter storm in Northwest Arkansas and across much of the central U.S. Freezing temperatures posed a risk to both lives and property. Officials in our neighboring state of Tennessee have shared some insurance claim information to help consumers know what to do in case of home or automobile damage as …