As I stepped into this circle of professionals in all my insurance glory, (ready to get my network on), I heard a small business owner regale to a collection of his peers this tale of Insurance Horror and Conspiracy…

In this article O’Shaughnessy states that “Workplace discrimination claims are at an all-time high and small business owners feel vulnerable.” He’s right about the fact that workplace discrimation claims are at an all-time but I highly disagree that small business owners feel vulnerable at all!

Where a Bid Bond ensures the “good faith” of a Contractor’s work-bid, a Performance Bond ensures monetary compensation to the client in the event the Contractor fails to finish the project according to the specifications laid out by the contract (most often due to the default or bankruptcy of the contractor).

Contractors – Bid Bonds provide a guarantee to the Client, they do not release your business from the bid obligation. The contractor will be responsible to repay the Bank or Insurance Carrier any payments made to the Client.

For many 21st Century companies physical assets no longer hold the greatest Loss Value. This is especially true for Technology Companies, many of whom derive their entire Organizational worth from the data, information and intellectual property they control.

I recently came across a great example in the Insurance Journal of the Business Risk Exclusion included in almost every contractor insurance policy. Often I receive facial expressions of disbelief when I explain this exclusion to new business clients.

Recently, I was asked to provide information on ways to Save Money on Worker’s Compensation premiums… This is a commonly asked question and for good reason, Workers Comp can be a significant expense on any (try every) company’s budget.

2010 marks the completion of my 2nd year in the insurance business and my first real step towards Insurance Greatness.

Are you certain that your insurance company will provide legal defense for your organization in the event of lawsuit?

Twenty-first Century Businesses are under constant threat of Cyber Attack. Though all business industries are susceptible to a Cyber loss for the purposes of this article we will focus on the risk concerns for Professional trades such as Lawyers, Accountants, Real Estate Agents, Dentists, Doctors, etc.