Straight From The Source Blog by Higginbotham Insurance

Insurance coverage is a smart purchase. Sometimes it’s even a necessary expense. When cash flow is low, however, paying for premiums up front can present a problem. For some businesses, premium financing might be the solution.  

In our fast-paced globalized world, the age-old adage of "time is money" has never rung truer. While recent advances in telecommunication have enabled remote collaboration beyond what we ever imagined possible, digital meetings often aren’t nearly as effective as communicating in person.

Even under the best circumstances, there’s no way to predict whether an accident or oversight involving your business will injure others or damage their property. That’s why you carry commercial general liability (CGL) coverage to protect assets and cash in the unfortunate instance that a court finds your business liable for damages to another party.

Strategic planning is an organizational process designed to define a company's overarching mission and vision, clearly identify measurable, actionable goals and implement control mechanisms to maximize the likelihood of achieving them. 

Business insurance is one of the most integral parts of any modern organization. From natural disasters to job site injuries, theft and more, this crucial protection can spell the difference between success and failure. Most small business owners need business insurance because their personal assets are more closely aligned with their business assets.

Is your commercial roof coverage as good as you think it is? Exclusions in commercial property insurance policies are becoming very common. Here’s what you need to know about roof limitation endorsements.

It’s perhaps the most instantaneously unnerving and terrifying natural event you can experience. When an earthquake strikes, there is no warning. There’s no storm track to follow. There’s no battening down the hatches. There’s no time to evacuate. And you can’t outrun it.

For businesses and homeowners alike, Hurricane Laura was yet another stark reminder of the power and fury of windstorms. With sustained winds as high as 95 mph in Lake Charles, LA, and gusts recorded as high as 150 mph in other places, Laura caused 59 deaths and nearly $9 billion in damage in Texas and Louisiana.

It’s one of the worst nightmare scenarios for any business owner. After pouring your sweat, soul and financial resources into building a successful business, a devastating event comes along and forces you to close your doors. It could be a fire, natural disaster, equipment failure or any one of numerous other scenarios. And, it could result in a temporary shutdown – or a permanent business failure. 

Why Your Business May Need Social Engineering Coverage

Most companies are aware of their ransomware and data breach exposures and the urgent need for cyber liability insurance. However, there are other exposures that exploit human nature and gaps in internal controls. Worse yet, losses caused by employee mistakes may not be covered by standard liability coverage. That’s why you may want to consider adding social engineering fraud coverage to your business insurance policy.