Spontaneous combustion is a fascinating yet potentially devastating phenomenon. It refers to the ignition of organic matter caused by an internal source, without any external flame or spark. From an insurance perspective, understanding spontaneous combustion is crucial for both policyholders and insurers, especially in industries dealing with materials prone to this risk. What is Spontaneous… Read more »
Social inflation, also known as legal system abuse, refers to the rising costs of insurance claims due to various societal and legal factors where the focus moves away from making a claimant “whole” to a focus on punishing defendants. This phenomenon has significant implications for insurers, businesses, and consumers alike. Let’s delve into the causes, impacts,… Read more »
Acadia Insurance is honored to support the Northeastern Retail Lumber Association (NRLA). As the endorsed carrier for NRLA members, we provide competitive coverages, local claims service, loss control expertise, and the potential for returns through dividends. These dividends are based on the group’s and members’ experience at 12, 24, and 36 months after policy expiration,… Read more »
Whether you’re starting a business or thinking about updating your business insurance, you will want to ensure you have the proper coverage in case of an accident or emergency. This article will serve as a general overview and guide, but you should work with your agent to ensure the coverage you purchase meets your specific… Read more »
The winter season is just starting. Many businesses are getting ready to safeguard their properties. They want to be sure they don’t face any hazards that can get expensive, cause losses, and lead to reputational damage. Recommended preventative measures can help keep your company safe. The Problem: Power Outages Power outages are common during the… Read more »
Driving Risks as Daylight Decreases As the sun sets earlier and the days grow shorter, the decrease in daylight can have a significant impact on road safety, especially during the transition to darker winter months. Did you know that the annual shift to standard time not only affects our daily routines, but also poses heightened… Read more »
Storms threaten business safety and security. Intense wind and rain can smash windows, damage foundations, and cause flooding. The risk of extreme weather has increased over the years, and business owners must be prepared. Businesses that take practical measures and invest in quality insurance can help keep their companies safe. Read on to learn how… Read more »
Safety in the workplace, for employees and customers/visitors alike, is a substantial concern for any business. With slips, trips, and falls prevalent in the workplace and on business premises, it is important for business owners to take precautions to help prevent these types of accidents from happening. Based on statistics from the National Floor Safety… Read more »
Growth of the Cyber Insurance Market: In the changing world of modern business, an unparalleled dependence on data and technology has led to new levels of cyber threats. In the face of this digital landscape, businesses today have no choice but to grapple with such cybersecurity necessities as strong protection against harmful online threats. It… Read more »
Commercial property insurance, one of the most important instruments for safeguarding businesses, is often accompanied by compliance with safety codes. The installation of smoke and carbon monoxide alarms not only satisfies code requirements, but also demonstrates a commitment of businesses to their employees’ safety and protection of valuables. In this article, we will discuss the benefits… Read more »
