Commercial insurance brokers and insurance agents have some things in common, but the level of service they provide their clients with can be very different. An agent represents one or multiple specific insurance carriers and is limited to offering you coverage options from those particular carriers. Brokers, like our team at Conover, represent the insured and a wider range of carriers. Brokers act as intermediaries between the insured (an individual or business) and an insurance provider. In this blog, we’ll unpack what this means and clear up any confusion about what an insurance broker is and how they help individuals like you feel more confident in the coverages you have for your business.

If you're a business owner or are in charge of an organization, you are probably well aware of how crucial it is to have adequate insurance coverage. But when it comes to cybersecurity issues, general liability insurance typically doesn't offer the detailed levels of protection you need. Today, we'll highlight the importance of a cyber insurance program that fits your situation. We'll also take a closer look at common types of cybercrime that can threaten you and your customers. 

It seems like every day there are news headlines about companies that have had their data breached. The fallout from these breaches, and the impact on the business and their customers, is severe. New compliance regulations are constantly being introduced to try to address cyber threats. As a business owner, it's imperative that you adhere to these security regulations. So, what exactly do you need to know about data security compliance?

You’re probably aware that there are a variety of scams out there trying to steal your personal information, but there are also types of scams that can try to harm your business. You and your employees should be extra vigilant in defending against one form of cyber crime in particular – social engineering fraud.

As a business owner, especially with the losses that COVID-19 has caused, it is likely that you have heard of business interruption insurance. This is a type of insurance that can cover business income loss suffered if your business is forced to shut down for a period of time. It may cover operating expenses such as revenue lost, rent, lease, or mortgage payments,; loan payments, employee payroll, taxes, and more.

What's included in this Checklist:

• Things You'll Want to Know About Business Insurance
• What Types of Business Insurance Are Mandatory?
• What Types of Business Insurance Are Optional? (But You Should Have)
• Additional Coverage Options
• What Should Business Insurance Cost?
• Business Insurance Q&A

Business insurance coverage is something that even new business owners likely know they need. But with so many types of coverage options, it can be overwhelming, exhausting, and challenging to know which policies you need, how to get the best price, and everything in between.

Whether you're a new business owner looking to purchase small business liability insurance for the first time, or a business veteran who is seasoned in insurance policies, you deserve to know how much you should be paying for business insurance. 

Two Relief Acts related to the COVID-19 pandemic have recently been enacted.  The Families First Coronavirus Response Act (FFCRA) was first signed into law then followed by the Coronavirus Aid, Relief and Economic Security Act (CARES).  There is so much information being distributed by various entities, it is at times, difficult to get a handle on these new laws.  I have found several handouts on these recent changes useful and easy to follow. Links to these documents are below.