Businesses of all kinds and sizes need to protect their customer information and other data. It is beyond dispute that non-tangible assets - especially those stored on computers - are critically important to virtually every business. Consider: most buildings are replaceable. The formula for Coca Cola is not.
Every day, our small business specialists are focused on superior customer service and tailored insurance protection for small businesses. Our client-centric approach is designed to make the insurance buying process easy for you so you can focus on what is important; your business! Here are some resources to guide you in your insurance buying process as well as key risk exposures that are facing small businesses today.
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The Private and Nonprofit D&O market trends have remained static over the last few years. Rates have continued to remain flat for the most part barring any significant changes or increased risk profile. As such, capacity is still vast and competition among markets can be fierce, so coverage enhancements are readily available despite an increase in both the frequency and severity of claims.
Every year insurance buyers are eager to learn about what pricing they should expect for the next year. The insurance market has been pretty benign the last few years—with the exception automobile liability.
The events following the unconstitutionally-held 1 October referendum in Catalonia are both historic and unprecedented.
In 2005 the country—and the insurance industry experienced KRW—Katrina/Rita/ Wilma. 2017 will be remembered as HIM—Harvey/Irma/Maria.
In today’s interconnected world, the risks businesses face can have a catastrophic impact on a company’s financial health and ultimately shareholder value.
Does it seem to you so much is politically charged today? No matter where you reside on the spectrum—it’s a challenge deciding how to best address certain issues. Global warming is one of these issues. The phrase “global warming” evokes emotions for most people so we want to steer away from that terminology. We have used “extreme weather” in its place.
As the U.S. economy continues to recover, so too have the businesses of most of our private and nonprofit clients. As a result, D&O markets generally have seen marginal rate changes from -1% to 2%, whereas previous rate increases ranged from 0% to 5% when there was no change in financial condition, exposures or losses.
This publication, and its companion online platform, Global Security Insight (https://gsi.s-rm.co.uk/), offers our take on some of the security issues we think will define 2017.
The most recent data about the current marketplace is showing generally soft market conditions. Following are a few excerpts from February’s Market Scout report. • Rates for commercial property/casualty insurance fell 4 percent in the first month of the new year • Commercial property insurers are getting ready to scratch each other’s eyes out as they fight for market share • Umbrella/excess liability and workers’ compensation rates actually increased slightly over the same period • Large and jumbo accounts (over $250,001) were assessed rates slightly higher in January versus December