Commercial Lines

Discover the lessons from the CrowdStrike outage that risk managers and insurers can’t ignore.

While hacks and scams are among the more eye-catching ways that the increased use of artificial intelligence (AI) can expose businesses, awareness of AI performance failure risks is beginning to make an impact.

Many personal lines clients mistakenly believe their standard homeowners insurance policy covers cyber incidents.

Demand for surety bonds remains strong thanks to federal government legislation funding construction and other growth areas such as fraud mitigation.

“Small businesses are as vulnerable, or more so, than enterprise organizations,” says independent agent Robert Sargent. “However, many small businesses do not acknowledge their vulnerability.”

As the restaurant market evolves, restaurant owners need clarity on what coverage they have and where they could be vulnerable.

The soft market for bonds has been underpinned by sufficient reinsurer capacity and new surety company entrants into the market. However, there are some indications that the market is hardening.

How independent agents can guide businesses in risk management.

In addition to property damage, the Difference in Condition (DIC) earthquake program can offer coverage for earthquake shock, earthquake sprinkler leakage, business interruption and other perils.