Crime insurance might not be a term you’re familiar with, but for wealth managers, it’s a critical coverage. Indeed, it not only protects your firm from financial losses but also safeguards your reputation and brand. In this article, we’ll break down the importance of crime insurance for wealth managers and why it’s essential for your … Read More
In today’s digital landscape, cyber insurance for wealth managers is not just a recommendation—it’s a necessity. As cyber threats and attacks continue to rise, wealth management firms must protect themselves with comprehensive coverage. Regulatory bodies like FINRA and the SEC often recommend or mandate specific cyber protocols and protections, making cyber insurance an essential safeguard. … Read More
If you’re a tech founder looking for advice on cyber insurance, this article will be helpful. We’ll briefly discuss what cyber insurance for tech firms cover, why it’s critically important, and then dive into how much you should purchase. What Does Cyber Insurance Cover? Cyber insurance is designed to protect businesses from various threats and … Read More
Alright, I’ll admit it—that title, “Cyber Insurance BS,” is a bit click-bait-y, but it’s a question that’s on the minds of many business owners. The reason I bring this up is that only about 30% of small and medium-sized business owners purchase cyber insurance. If you’re a business owner, you might be thinking, “so what?” … Read More
As we step into early 2024, the commercial insurance marketplace is facing significant challenges; therefore, finding a business insurance problems solved is more critical than ever. Premiums are on the rise, underwriting is becoming more disciplined, and we find ourselves in what is known as a “Hard Market.” Business owners may encounter steep premium increases … Read More
Venture Capital (VC) firms face unique risks exposing them to lawsuits from investors, investees, and third parties. This article covers key insurance policies VCs need and how to obtain insurance for venture capital firms. Venture Capital Insurance: What Are the Coverages You Need and Why? The first essential policy is a combined Directors and Officers … Read More
Directors & Officers Liability Insurance or D&O for short is a coverage part often missing from many of the manufacturing company insurance programs I review. In this video I’m going to explain why I think private company D&O is a must have for manufacturers. In this article, we’re going to talk about D&O insurance and … Read More
In this article, we’re going to look at product recall insurance for health supplements, vitamins, and other nutraceutical products. To begin, it’s important to understand the difference between product recall insurance and product liability insurance since they are two different things but are both critically important for manufacturers and distributors of supplements and other nutraceutical … Read More
Road-Show Coverage in a D&O Policy. What is it and who needs it? A lot of startup founders begin their business journey with an eye to the future of a potential public offering. An IPO is a big deal which can lead to potentially significant financial rewards, but it has its downside risks as well. … Read More
Do you need an insurance broker to buy a business insurance policy? The answer to that question is no. There are a lot of ways you can purchase business insurance, you can go online and purchase directly from an insurer or an insur-tech – which is like a traditional insurer but they rely heavily on … Read More
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