General Liability vs. Professional Liability: What’s the Difference?
As a business owner, it can be difficult to decide what forms of liability insurance you’ll need to protect your business.
Entries by Maddie Tomasek
Your Guide to Directors & Officers (D&O) Insurance
Directors and officers liability insurance is an essential part of corporate risk management. According to Investopedia, more than 25% of private companies reported a D&O loss over the span of three years. 96% of these private companies stated the D&O loss affected resulted in a negative, financial impact on their business.
Why are Workers’ Compensation Rates Rising?
Employers in California are required to purchase workers’ compensation to protect against work-related injuries and illnesses.
Errors & Omissions (Correction: We Misstated)
Errors and omissions insurance is a form of professional liability insurance that protects businesses, their workers, and other professionals. E&O provides coverage for claims of inadequate work or negligent actions.
Insurance Requirements When Undergoing an M&A
Mergers and acquisitions (M&As) have become increasingly common in the last few decades, hitting new highs in 2021 and bringing in trillions of dollars. In fact, according to PWC, 62,000 M&A deals took place globally—a 24% rise since 2020.
What Makes Apex Insurance Different?
Apex was founded to fill the service and consultative gap left by agency consolidations in the insurance marketplace.
These consolidations have left customers who are used to a boutique service approach with no personal connection to their team.
Ransomware: What is it and How do You Prevent it?
These software programs are typically extremely difficult and/or expensive to remove once placed. Most often, cyber attackers will demand a hefty, often increasing fee, for owners to reaccess the encrypted files and data; blackmailing business owners into paying the ransom.
Understanding Your M&A Risk Exposure
Since 2017, business owners have participated in an annual average of nearly 50,000 M&A transactions, worth over $3.6 trillion per year.
Whether buying or selling, both parties should also be aware of the risks associated with mergers and acquisitions transactions.
Natural Disasters and Commercial Insurance
In 2020 and 2021, U.S. insurers paid $176 billion for natural catastrophe insurance claims alone. This was the highest total in a two-year period for commercial insurance claims relating to natural disasters. In 2021, 20 separate billion-dollar weather-related events occurred in the United States, destroying buildings, businesses, and lives. Business owners cant’ control if a […]
What Does Property and Casualty Insurance Cover?
Property and casualty insurance –also known as P&C insurance– protects property owners and the property they own. P&C insurance is a broad term that includes several different forms of insurance such as homeowner’s insurance, renter’s insurance, and auto insurance. How Does Property and Casualty Insurance Work? P&C insurance functions like other types of insurance. In […]
