Fiduciary: Meaning, Examples & Why It Is Important
A fiduciary is a term that refers to a legal and ethical relationship between a person or entity (the fiduciary) and another party (the principal or beneficiary) on whose behalf the fiduciary acts. The fiduciary is entrusted with the responsibility of acting in the best interests of the principal or beneficiary and must exercise care, […]
Protect Against Employee Theft with Crime Insurance for Business
Whether it’s protecting the cash register or industry trade secrets, all businesses must prevent crime from causing direct loss and business interruption. From employee crime to occupational fraud, any losses incurred from a crime committed against the business can be devastating for the company and its stakeholders. The likelihood of a business experiencing crime can vary […]
Professional Liability Insurance for Small Businesses
Mistakes happen. What do you do when a client sues your business for professional services provided? Make sure you’ve covered when it comes to legal fees, project delays, and more. Professional liability insurance, also referred to as errors and omissions insurance, is a type of coverage that covers claims and protects professionals and small businesses from […]
A Comprehensive Cyber Insurance Checklist: Protect Your Business
As the threat of cybercrime continues to rise, businesses of all sizes are increasingly vulnerable to security breaches and data loss. In order to mitigate these risks, many organizations are turning to cyber insurance policies. A comprehensive cyber insurance checklist can help businesses assess their coverage needs and ensure they are adequately protected. In this […]
Professional Liability Insurance
Professional liability insurance, also recognized as errors and omissions insurance (E&O), stands as a pivotal safeguard within the realm of business liability coverage. This specialized insurance shields your small business from claims arising due to perceived mistakes or errors in the delivery of professional services. Even in situations where the claim lacks substantial merit, this […]
What Is Side A D&O Coverage: Everything You Need To Know
In the realm of Directors and Officers (D&O) insurance, one important aspect to understand is Side A coverage. Side A coverage is a crucial component of a comprehensive D&O insurance policy that provides protection specifically for directors and officers when the company is unable to indemnify them. This article will delve into the details of Side […]
Workers Compensation Insurance: Coverage, Cost & More!
Workers compensation insurance is a vital protection for both employers and employees. It provides coverage for work-related injuries and illnesses, ensuring that employees receive medical treatment and financial support while protecting employers from potential lawsuits. In this article, we will explore what workers compensation insurance is, how it differs from employers liability insurance, and delve […]
Types of Cyber Insurance: Ultimate Guide
In today’s digital landscape, where cyber threats are becoming increasingly sophisticated and prevalent, it is crucial for businesses to have robust cybersecurity measures in place. However, even with the best security practices, there is always a risk of a cyberattack. That’s where cyber insurance comes into play. Cyber insurance provides financial protection and support in the event […]
Fidelity Bond
Fidelity bonds, often termed “employee dishonesty insurance,” provide small businesses a means to protect against financial losses resulting from employee actions that harm the company or its clients. The potential for employee involvement in fraudulent or dishonest activities can pose a significant risk. In a 2022 report by the Association of Certified Fraud Examiners, small […]