What is Social Inflation? Social inflation generally refers to the rising costs of insurance claims that are a result of societal trends and views toward increased litigation, broader contract interpretations, plaintiff friendly legal decisions, and larger jury awards. What is causing social inflation? There are four major factors that are driving social inflation in the... Read more »
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Business owners in the fitness industry have unique risks that could result in financial loss if not adequately protected. This blog outlines three unique coverages for gym and studio owners, which can be included on a small business insurance policy. 1. Professional Liability As a gym or studio owner, you or your staff probably consult,... Read more »
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The languid days of summer are all but gone and it’s time to begin thinking about the school year ahead. The hustle and bustle and morning rush will soon return, jamming the streets with more vehicles and pedestrians — including our youngest and smallest of citizens. School buses are picking up passengers, kids are hurrying... Read more »
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One of the greatest threats businesses face today falls in the area of cyber risk: Phishing attacks, data breaches, ransomware attacks and social engineering are some top concerns especially for SMBs. Experts in the cyber arena predict that all businesses will at some point face a cyber-attack. The matter isn’t if, but when. The U.S.... Read more »
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Solar power production continues to be a growing industry throughout New England, as more homes, municipal buildings and businesses choose to utilize this type of clean energy. While the Northeast region may seem like one of those places that is lacking in sunlight, there is actually quite a bit of untapped solar potential in our... Read more »
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The U.S. economy depends on trucks to deliver nearly $670 billion worth of manufactured and retail goods annually. It’s estimated that 15.5 million trucks operate in the U.S., transporting over 70% of the country’s freight. These numbers are only expected to increase, as online shopping for the retail industry continues growing year-over-year, creating a huge... Read more »
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While cleaning a double oven, you spill the chemical onto the wood kitchen floor, causing serious damage to the finish. The weather is beautiful and the air is still, until the ladder you’re moving accidentally shatters the homeowner’s second-story window that you were about to clean. A few small drips from the toilet brush holder... Read more »
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Workplace injuries are very serious matters.. Serious workplace injuries can result in additional OSHA inspections and the possibility of fines. However, did you know that they could also bring criminal charges? That is what is happening right now for one Maine-based contractor who is being charged with workplace manslaughter. In this case, the workplace accident... Read more »
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With increasing technology being developed in our world today, comes the issue of distracted driving. Before technology, people were distracted by their passengers, eating, or by reading a map. Today, the technology we have poses an even bigger threat of distraction. Cell phones are the main source of distraction among drivers on the road. Being... Read more »
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Opening a pet services business takes heart—a love for animals and a commitment to their health and welfare. But it also means that you’re a business owner who needs to protect your assets and plan for the “what-ifs,” making sure you’re as committed to covering your business interests as you are to caring for your... Read more »
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