Lakewood business insurance Archives

Small Business Insurance

Small business is alive and well! I’m working with three new business owners who’ve decided to go out on their own and know they need business insurance to help protect their dream. The new owners include a therapist, a civil engineer, and a new retail store which will sell mattresses. I can’t imagine three more diverse businesses, but surprisingly, there are common themes about their needs. There are many different types of business insurance, however, most small businesses will benefit from two broad categories – general liability and professional liability.

Drone Insurance

Drone, or unmanned aerial vehicles (UAV) have made a huge splash in the news over the last year. Amazon has discussed using them for local delivery, one landed on the White House lawn, as well as, their war time use in the Middle East. The commercial uses for drones are seem almost endless as people imagine how they can be utilized. Hollywood has won approval to use them for filming movies, farmers believe they can be used to check on crops, as well as administer fertilizer and insecticides more efficiently and utility companies want to use them to check power lines. Insurance companies are planning to use drones in disaster response situations.

Commercial Insurance and Excess Liability Coverage

I’ve been thinking a lot about ice cream lately, specifically Blue Bell ice cream. They’ve been in the news a lot since listeria bacteria was discovered in some of their ice cream products. Officials believe that Blue Bell ice cream contaminated with listeria is responsible for the deaths of 3 people in Kansas in the past year.

Insurance Moratoriums & Binding Prohibitions

I received an email from one of my commercial insurance companies on Tuesday. It informed all their independent agents of an immediate moratorium on writing new policies in Baltimore, Maryland after Monday night’s rioting.

Identity Theft and the Anthem Data Breach

Anthem, the second largest health insurance company in the US, announced last week it had been the victim of a massive data breach. The good news appears to be no medical records or credit card data was compromised. The bad news was the names, birth dates, and Social Security numbers of up to 80 million people were compromised which could lead to an even bigger problem than had they simply taken credit card data.

The Horse Park and Commercial Insurance

Last fall, Dallas was set to open a horse park near the Great Trinity Forest in southeast Dallas. The opening was delayed partly due to

Net Neutrality, Politics, and Small Business

On November 14 of last year, I wrote a blog post on why small businesses should care about net neutrality (see http://50.87.248.161/~wiseinsu/why-small-businesses-should-care-about-net-neutrality/). I wanted to revisit it because of a Wall Street Journal article posted on Monday, January 5th which stated Republicans in Congress are working on plans to fight the FCC’s rules on net neutrality. The FCC had to revisit the work they were doing on net neutrality after President Obama made a speech calling for a free and open internet available to all.

When More Than One Type of Liability Coverage is Needed

I’m working with a Dallas area consulting firm which has experienced explosive growth over the past year in terms of both people and revenues. They are negotiating a lease for their first office space and will move out of the owner’s home in the coming months. It’s a very exciting time for them involving a lot of moving pieces, insurance being one of them.

Commercial Insurance and Business Interruption Coverage

Hurricane Dolly struck South Padre Island on July 23, 2008 with winds near 100 miles per hour, a four foot storm surge, and 12 to 15 inches of rain. Damage to structures on the Island and in Port Isabel, across the bridge on the Texas mainland, was pretty moderate and consisted of mostly damage to roofs. Power was knocked out to most residents and businesses for one to two weeks. Anything perishable, whether in a business or home spoiled.

Cyber Liability Insurance for Small Businesses

Unless you’ve totally unplugged from all news media and the internet over the past week, you’ve heard of the Heartbleed bug. The Heartbleed bug (it’s not a virus) is a vulnerability in the OpenSSL library, the software that makes your website and other sites secure when a person is reviewing banking records, making a purchase from your company, or updating their information or method of payment in their on-line account.

Tag: Lakewood business insurance

Small Business Insurance

Drone Insurance

Commercial Insurance and Excess Liability Coverage

Insurance Moratoriums & Binding Prohibitions

The Horse Park and Commercial Insurance

Net Neutrality, Politics, and Small Business

When More Than One Type of Liability Coverage is Needed

Commercial Insurance and Business Interruption Coverage

Cyber Liability Insurance for Small Businesses

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Professional Liability

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