Why You Need Builder’s Risk Insurance

Most people don’t think about insurance until they need it. And unfortunately, by that time, it’s often too late. That’s why it’s important to understand the different types of insurance available and make sure you have the right coverage for your business. Builder’s Risk Insurance is an essential type of coverage for contractors and builders.…

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What is Business Interruption Insurance?

If your business is faced with a temporary closure or interruption of operations, does your insurance policy provide coverage? Chances are, it doesn’t. Business interruption (BI) insurance is a specialized add-on policy that covers the financial losses a company experiences due to an unexpected event. Read on to learn more about BI insurance and how…

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3 Critical Challenges Facing Global Supply Chains

The global supply chain has been under stress as the high demand for product delivery has only increased over the last few years. Furthermore, as businesses import more products into the USA, supply chains and cargo ships have struggled to keep up and make timely deliveries. While COVID-19 certainly changed the supply industry, there are…

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The Impact of the ELD Mandate on the Food & Beverage Industry

Food and beverage businesses always look for ways to improve efficiency and cut costs. The ELD mandate was no exception. While the mandate presents challenges for some industries, the food and beverage industry can benefit from it in several ways. In this post, we’ll explore how the ELD mandate can help your business run more…

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The Cost of Food Recalls: 2022

Food recalls are a risk for food companies. Not only do damaged goods pose a health risk to the public, but the cost of food recalls can be astronomical. Businesses that are unprepared to deal with food recalls can quickly be overtaken by the process. Therefore, it is important to understand the cost of food…

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What You Need to Know about Marine Cargo Insurance

As a business owner, you’re always looking for ways to minimize your costs and protect your interests. When you’re shipping goods over water, marine cargo insurance is one way to do both. Here’s what you should know about this type of insurance. What is marine cargo insurance? Cargo insurance protects your goods in the event…

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What are the four types of marine insurance?

All insurance is designed to help you or your business manage risks in the event of accidents or damages. Marine insurance is designed to help manage the risks involved with the travel of goods from one destination to another.  Despite what the name implies, marine insurance covers all modes of transportation of goods. However, it…

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What are the benefits of trade credit insurance?

Running a business is difficult. Learning to protect yourself from liabilities and potential losses is one of the most difficult parts of running a company. However, it doesn’t have to be as complicated as people think! One of the best ways to protect yourself from bad debts and unpaid invoices is to get trade credit…

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Who pays for a product recall?

Product recalls are financial and PR nightmares for businesses. Potentially costing billions of dollars, product recalls can be one of the biggest financial losses a company faces. But who pays for a product recall? Many parties are involved, such as the company, insurance, 3rd party distribution, etc. Here’s what you need to know about the…

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Let us help protect you from the fallout of a product liability lawsuit.

Product Liability insurance can help protect you if your business faces a lawsuit from the fallout that occurs in the event your product causes injury or other damage to third parties, even if a product is used incorrectly. Product Liability insurance isn’t just for companies that manufacture products. Any company that sells, distributes or designs…

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