Businesses often rely on buildings, structures, tools and equipment to provide products and services. Moreover, many businesses are responsible for storing others’ property on their premises. If this property is compromised, it can lead to substantial financial hardship for the company. To mitigate this risk, businesses...
Knowing how to prevent fires caused by spontaneous combustion is a key aspect of maintaining a safe workplace. Several conditions, including the improper storage or disposal of combustible materials, can create conditions for this process to occur. By taking steps to mitigate this risk, you...
In February 2025, local authorities confirmed that 8,000 cartons holding 100,000 eggs had been stolen from the back of a semi-trailer for Pete & Gerry’s Organics, a national egg production company that partners with over three hundred farms across the United States. The incident occurred...
The immediate aftermath of a tornado can be overwhelming and knowing where to turn is difficult. The following guidance outlines some need-to-know information to help your business navigate recovery. Insurance Tips 1. Prioritize Safety and Documentation Check for hazards: Before re-entering the property, confirm it’s safe (no...
The Internet of Things (IoT) refers to a network of devices (e.g., sensors, actuators and trackers) equipped with advanced software and processing capabilities that can connect and exchange information. This technology can provide a wide range of benefits to businesses, including enhancing companies’ visibility of...
It was supposed to be a groundbreaking commercial—an elaborate set designed to resemble a futuristic cityscape, complete with huge LED screens, custom-built props, and high-tech lighting rigs. The production company, BrightFrame Studios, had invested over $500,000 into set design and special effects to create an...
The frequency and severity of natural disasters have continued to pose concerns throughout the commercial property insurance market. The image shows key highlights related to 2024 natural disaster activity. The National Oceanic and Atmospheric Administration reported that through October, 2024, there have been 24 weather and...
Insurance rates are based on a variety of factors, including what’s happening in the economy and business marketplace. For example, today’s strong labor market drives higher wages, which impact the cost of goods and services across all industries. In addition, driver mileage and accident frequency...
Trees can be valuable additions to any property; however, each year, fallen trees and branches cause millions of dollars in property damage. It is crucial to proactively recognize signs a tree may be at risk of falling to help prevent dangerous and costly accidents. If a...