On a Friday in late June, the Supreme Court, ruled in a 5 to 4 decision, same sex couples may now be legally married in all 50 states. Many people rejoiced while many people thought America was going to hell in a hand basket. Regardless of where you stand on the issue, the impact of this decision has huge ramifications for small and medium sized businesses specifically in the area of employment practices liability insurance or EPLI.
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.
You’ve worked long hours to fulfill a dream and build your company from a surviving business to a thriving, successful business. Have you given any thought to succession planning; who will succeed you, and how it will be funded? Or maybe you’re a partner in a company and you want to protect the business you’ve helped build, but what if something happens to your partner?
I attended a class on cyber liability insurance earlier this week. It was hosted by one of my commercial insurance companies in their Richardson office. It covered a brief history of this insurance, outlined what’s covered, requirements, potential liability issues and impact, as well as data breach trends.
Over the last few months, I’ve worked with a number of small businesses around the Dallas / Fort Worth area regarding their commercial insurance. In each case, I begin the conversation by letting them know that getting a commercial insurance quote is much different than getting a quote for car insurance. In order to provide them with an accurate quote there are several items of information I need to gather to present to each of the underwriters I work with.
I’m currently working with several small business owners regarding their commercial insurance needs. One of the questions each of them have asked is what commercial insurance do they need to adequately protect themselves and their businesses. The answer is it just depends on the business. Some need general liability, others need business property coverage, and a couple need professional liability or errors and omissions (E&O) coverage.
I started Wise Insurance Group in 2011 during the height of the “Great Recession” when the jobless rate was about 10% and companies were still
Starting a business is as much a part of the American Dream as home ownership, maybe more. It’s estimated that 145,000 small businesses start each
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