Business Insurance

Cover Your Online Business Presence with Cyber Liability Insurance

Posted by on Apr 28, 2017 in Business Insurance | 0 comments

Cover Your Online Business Presence with Cyber Liability Insurance

It’s impossible to turn on the news these days and not hear something about hackers accessing secure email servers, performing large-scale credit card hacks resulting in data breaches, and much more. Owners of businesses large and small have been cyberattack and breach victims, paving way for the new cyber liability insurance sector. These new policies cover “consumers of technology services or products” and can include “both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.” Business owners can use cyber liability policies for a wide variety of things, but one of the most important aspects of this coverage type is protection in the event of a data breach. Did you know? Cyber liability insurance accounts for only a small portion of the insurance sector. According to Deloitte, this insurance type, “only generates between $1.5 billion and $3 billion in annual US premiums … representing only a tiny fraction of the $505.8 billion domestic carriers wrote in total in 2015.” However, industry insiders expect cyber insurance to become a bigger part of the insurance industry by 2025; premiums could grow to $20 billion or more. According to the International Risk Management Institute article, comprehensive cyber liability plans cover business owners from data breaches and stolen identities as well as aid in the event of business activity interruption, data loss and ruin, funds losses in fraud cases, and cyber extortion. If insured business owners file claims, cyber liability plans can help them cover costs resulting from damage or loss of funds, time, and business operations on part of both business owners and their customers in any type of cyber breach. Are you truly covered where you need to be? As it becomes commonplace for business owners to move important operations online — including sales, information transfers, financial information, and presence — carrying a cyber liability insurance line has become crucial for many. General insurance policies don’t typically cover these types of losses and damages, meaning many business owners may be at risk. A negative cyber event — without proper insurance coverage — can be damaging, especially to owners of small businesses. Regardless of size, all owners doing business over the internet should consider cyber liability insurance benefits. These policies not only provide peace of mind but also protect business owners and their clients. Contact a Concklin Insurance expert today to help you determine if you have dangerous gaps in your business or franchise cyber liability...

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Reduce Insurance Costs Without Reducing Coverage

Posted by on Feb 8, 2017 in Business Insurance, Franchise Insurance | 0 comments

Reduce Insurance Costs Without Reducing Coverage

Owning a franchise restaurant or any other small business is a costly endeavor. You have your building, staff, supply costs, and more to think about. Savvy business owners are always looking for ways to streamline processes, become more efficient, and ultimately cut costs, but one place many owners fail to look at is insurance costs. Many business owners fear it will translate into less coverage or coverage gaps if they pay less for insurance. However, it’s possible to save money on insurance while still maintaining adequate coverage. In some cases, an insurance review by trained experts can lower insurance premiums while maintaining and — in some cases — improving coverage.   These six tips can help small business and franchise owners reduce insurance costs while preserving adequate coverage: Perform an insurance review. Make sure your insurance policies are current and cover the correct things and people. High employee, equipment, and other turnover is common in many industries. Make sure your insurer has an updated list of these items to ensure your policies aren’t covering unnecessary or outdated things and people. Bundle where possible. Some insurance carriers give discounts when you bundle property, vehicle, and other insurance types. Check to see if you could save money on insurance costs by bundling policies with your provider. Check for redundancies. As problematic as insurance coverage gaps can be, double coverage for the same things on different policies is another costly mistake business owners make. Compare policies side by side to review and eliminate any redundancies. Avoid over-coverage. Many owners of small businesses and franchises fear insurance coverage gaps and overdo insurance coverage in the process, therefore unnecessarily increasing premiums. Reducing insurance costs is possible when business owners have more insurance than they will ever realistically use. Adopt a safety plan. By putting a safety plan in place, and utilizing it, your workforce will likely experience fewer injuries and claims, which can reduce insurance premiums over time. Utilize an insurance broker. Insurance brokers like Concklin Insurance professionals can help business owners like you shop around for policies to ensure yours are fair and cost-effective while maintaining adequate coverage. It’s no secret that business insurance is a significant budget portion for all owners of franchises and small businesses. By implementing these six tips, owners can reduce insurance costs, leaving more money to invest back into their businesses. Contact a Concklin Insurance expert today. We can look at your small business or franchise insurance policies to determine any coverage gaps as well as find places you can cut insurance...

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Keep Your Home and Business Safe this Holiday Season

Posted by on Dec 22, 2016 in Business Insurance, Personal Insurance | 0 comments

Keep Your Home and Business Safe this Holiday Season

As children write lists and Santa checks them twice this time of year, don’t forget the important items on your own list: your home and business! As many as 98 million people travel this time of year, so as you make Hanukkah, Christmas, Kwanzaa, and New Year’s travel plans, be sure to take the proper steps to protect your properties while you’re away. Not only do burglars know many people are away this time of year and take advantage of that fact but water and fire damage are also more likely to occur due to festive decor and weather conditions. When you leave your home and business unoccupied, you leave them at risk — but you can help protect these investments when you take the proper steps. If it takes a burglar more than 4 to 5 minutes to get into one of your properties, he or she will likely move on to the next place. Using these quick and easy strategies to keep your home and business safe can deter burglars and help protect your properties from disaster if you plan to travel this holiday season: Keep travel plans offline. While it’s fun and tempting to update friends and family members about your exciting travel plans, burglars can also use this information. It advertises exactly when you’ll be leaving your home or business empty. By keeping your travel plans offline, potential criminals are less likely to know whether someone is there or not. Use lights. Install bright lights that shine on doors, windows, and any other potential break-in locations. This can deter burglars because it makes it more difficult for them to conceal entry. Also, use indoor light and lamp timers to give the appearance that someone is home in the event someone is casing your home or business. Ask a friend or neighbor to stop by. If someone shovels snow and picks up mail, packages, and newspapers, it furthers the appearance that someone is taking care of your properties. When nobody completes these simple tasks, homes and businesses are easy targets for break-ins. Mind holiday lights. Holiday lights — especially on real holiday trees that dry out over time — are huge residential fire dangers. Make sure to unplug all lights, heaters, and any extra electronics to help protect your properties safe from fire while you’re away. Keep pipes from freezing. If your home and business are in a cold climate area and you’ll be leaving them unattended for an extended period of time, make sure to disconnect all garden and outdoor hoses, keep interior temperatures at least 68 degrees, and open cabinet doors in front of pipes so heat can circulate to prevent freezing and, thus, bursting. Get proper coverage. Despite your best efforts, catastrophes and losses can still happen. Make sure you properly ensure your home and business in the event something happens while you’re away. It not only offers financial protection but also gives you peace of mind to enjoy your trip. When you’re planning your holiday travels, make sure you’ve properly protected your investments so they’re just as you left them upon your return. As you make travel plans and cross off to-do items on your list, make sure to contact the experts at Concklin Insurance. We’ll help you determine your insurance needs and make sure your home and business are properly covered in the event of a break-in or disaster while you’re...

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Welcome to the Concklin Insurance Agency Blog!

Posted by on Nov 17, 2016 in Business Insurance | 0 comments

Welcome to the Concklin Insurance Agency Blog!

At Concklin Insurance Agency Inc., we’ve long been committed to educating our clients to help reduce insurance costs and ensure adequate coverage. It’s our mission to not only make sure you and your assets are well-covered but also to help you understand your options, how coverage is determined, and the many other personal factors affecting your coverage. We’ve spent years doing this in one-on-one sessions, through our website, and, most recently, with our mobile application. It’s available on both iPhone and Android devices and allows you to access ID cards, certificate of insurance requests, claims, quote requests, and more on your handheld device. Download our App: To further our goals of lowering insurance rates, reducing gaps in coverage, and educating clients in an accessible way, we started a blog! Through this new platform, we’ll be sharing the valuable information and experience we’ve garnered over the years to help you better understand the insurance industry and your policy options. We’ll publish the Concklin Insurance blog every other week and cover a wide variety of topics, including assessing coverage gaps, understanding your insurance policies, insurance tips for franchisees, important insurance insights for small business owners, life insurance relevance, personal health insurance importance and coverage types, help with handling personal insurance needs, and Concklin Insurance mobile application details and uses. Our main goal has always been to reduce your insurance costs and reduce gaps in your coverage by looking at your insurance requirements from a risk management viewpoint. We’ve also always worked hard to partner with you to ensure you understand your coverage and the greater industry that informs policies and coverage. We aim to use this blog to do just that: to provide a useful resource to individuals and business clients alike. Concklin Insurance Agency has been a provider for over 50 years, and we’ve earned the trust of the more than 4,000 individual clients and 3,500 business leaders we serve. Many members of the Concklin team have more than 20 years of experience in this industry, and we carefully represent a selected group of financially sound, reputable, A-plus-rated insurance companies as we work hard to place your policy with the company offering the best coverage at a competitive price. Through this blog, we’ll be sharing the expertise, tips, tricks, and experiences that have positioned the Concklin agency as an industry leader over the last 23 years. If you have a subject you’d like more information on or a question you’d like us to answer, please contact us with your suggestions; we’re happy to address topics relevant to your personal and business needs. Be sure to follow Concklin Insurance on Facebook and subscribe to our RSS feed to stay up to date with our posts. You can also use the social share buttons at the end of each post to share our blog articles to your social networks. Thank you for your support in this new endeavor. We’re thrilled about the Concklin blog and we can’t wait for it to become our clients’ number-one source for timely and important insurance information. Contact us with any questions or for an insurance coverage...

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