Posts made in July, 2017

3 Essential Steps to Protecting Your Business from Extreme Weather

Posted by on Jul 24, 2017 in Business Insurance | Comments Off on 3 Essential Steps to Protecting Your Business from Extreme Weather

In June, severe weather cost the U.S. economy over $3 billion. Insurance companies covered at least $2 billion of that damage. To help compensate for the costs of increasingly extreme weather, many insurance providers have begun raising their premiums and deductibles, making it more difficult for business owners in areas prone to harsh weather conditions to obtain the severe weather coverage they need. In fact, 40% of businesses never reopen after sustaining severe damage from a natural disaster. Here are the three most important steps to protecting your business — and your wallet — against...

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How Is Legal Marijuana Impacting the Insurance Industry?

Posted by on Jul 20, 2017 in Business Insurance | Comments Off on How Is Legal Marijuana Impacting the Insurance Industry?

Marijuana laws are rapidly changing how cannabis is regulated, and one in five Americans now lives in an area where recreational smoking is legal. This change is making new medical treatments easier to access and transforming how people perceive cannabis and its users. It is also impacting those in the insurance industry, as creating marijuana-related policies is uncharted territory for many. Cannabis industry professionals need insurance The cannabis industry is rapidly growing, and those in the field need insurance adapted to the specific needs of growers, retailers, and lab researchers....

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