We have been receiving a lot of queries recently about how inventory is valued by an insurer in the event of a loss.ย  One common question is, โ€œWhy do I get what I paid to buy the inventory rather than the retail price I charge for the inventory?โ€ This post aims to clarify how inventory […]
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Professional liability insurance is the one form of business insurance that most professional service providers agree is non-negotiable. While they may waver over whether or not to get insurance for their business property, autos, or even for their personal lives, most professional service providers agree that professional liability insurance is a necessary cost of doing […]
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With todayโ€™s insurance industry plagued by legal jargon, frivolous litigation, excessive fees and misleading small print, weโ€™ve decided to step back and use our inaugural post to acknowledge the industryโ€™s ancient and humanitarian roots. Although they may not have been using actuary tables, the earliest hunter and gatherer societies were in fact thinking about their […]
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Once a year, your business will get a piece of mail stating that its business insurance is up for renewal. In most cases, it will include a quotation of the premium and a request for payment. It is tempting for the busy entrepreneur to just make the payment and not worry about the issue for […]
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โ€œHowโ€™s your bracket doing?โ€ With March Madness upon us, my basketball-loving friends and I are anxiously comparing stats. ย Along with the game comes the joy of victory, the agony of defeat, last minute heroicsโ€ฆand the occasional human error that thwarts that winning play. Mistakes in small businesses may not be as well publicized or as […]
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BizInsure is pleased to announce our new partnership with the Career Thought Leaders Consortium!ย The Career Thought Leaders Consortium (www.careerthoughtleaders.com) is a nationally recognized think tank of career industry professionals who are focused on innovating all phases of career development and job search. Today, in response to their membersโ€™ request,ย preferred access to BizInsure has recently been […]
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The employment landscape is rapidly changing, thanks to improving technology, growing demand for worker independence and a recession that led many people to go into business for themselves as independent contractors (ICs). ICs are a rapidly expanding percentage of the overall work force โ€“ 31 percent of the US workforce is currently self-employed, and this […]
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