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The Ripple Effect of High Tort Costs on Texas Insurance Rates

March 4, 2025March 3, 2025 H. Cutner

How Texas Stands Out in Tort Lawsuit Costs Texas is no stranger to big numbers—whether you’re talking about its size, economy, or legal landscape. But one area where the Lone Star State makes an unfortunate mark is in tort lawsuit costs. With an average of $4,594 per household in 2022, Texas ranks 10th nationwide for its tort costs, even outpacing many larger states. What makes Texas different, and why does this matter to you as a resident? A Legal System Known for High Stakes One key factor is Texas’s reputation…

How New York’s Insurance Law Is Setting a Precedent for the Nation

February 11, 2025February 10, 2025 Nordstrom

New York Introduces Stand-Alone Business Interruption Insurance Law New York has taken a bold step to support businesses in managing unforeseen disruptions with the introduction of a stand-alone business interruption insurance law, effective the later part of 2024. This groundbreaking legislation expands coverage options beyond traditional policies, offering businesses more flexibility and security. What is Stand-Alone Business Interruption Insurance? Stand-alone business interruption insurance is a specialized policy designed to cover financial losses resulting from business closures, even when there is no direct physical damage to the property. Unlike conventional business…

Mastering CRM Selection: Expert Tips for Startups and Small Businesses

January 28, 2025 Guest Author

Introduction to Choosing the Perfect CRM In today’s competitive market, startups and small businesses rely heavily on building and nurturing customer relationships. Customer relationship management (CRM) software can be a game-changer, offering tools to streamline processes, improve customer engagement, and scale operations. However, choosing the right CRM consulting service is often a challenge for startups with limited resources. This guide offers a step-by-step approach to help small businesses select and implement the ideal CRM solution. Why is CRM Software Critical for Business? CRM software is critical for startups as it…

A Comprehensive Solution for Entering the Transportation Industry

December 31, 2024 Guest Author

Mastering the Road: Essential Strategies for Transportation Startups Breaking into the transportation industry demands more than just purchasing trucks and finding drivers. Successful entry requires understanding complex regulations, establishing efficient operations, and building reliable business relationships. Modern transportation startups benefit from integrated solutions that address business setup and operation. From obtaining operating authority to implementing technology systems, comprehensive approaches help new carriers avoid common pitfalls while establishing strong foundations. Navigating Compliance: Essential Tools and Guidance for Transportation Success Insurance and compliance management form critical components of successful operations. Professional guidance…

GLP-1 Insurance Coverage in the Corporate World

October 1, 2024October 4, 2024 Anna Cruise

In recent years, prescription weight loss medications have become increasingly popular and common among consumers around the world. At the same time, access to weight loss drugs like GLP-1 can be challenging due to the associated costs with the medication. CNBC’s report on obesity drug insurance among employees found that 76% of companies surveyed provided GLP-1 drug coverage for diabetes but not for weight loss. On the other hand, only 27% provided coverage for weight loss. At the same time, smaller businesses have an even harder time providing coverage for…

Maximize Savings and Efficiency with Property Tax Outsourcing Services

September 7, 2024 Guest Author

Key Takeaways: Property tax outsourcing services can help decrease property tax expenses, identify potential overpayments, and navigate complex property tax laws and regulations. By outsourcing property tax management, businesses can focus on their core competencies, save time and resources, and ensure compliance with changing property tax requirements. Property tax outsourcing services can help overcome challenges such as managing multiple properties and jurisdictions, staying up-to-date with property assessments and appeals, and dealing with complex property tax valuation methods. When choosing a property tax outsourcing provider, consider their experience and expertise, cost…

Unlocking Seasonal Secrets: How Business Owners Can Boost Productivity and Sales Year-Round!

August 15, 2024August 14, 2024 H. Cutner

Seasonal Productivity Trends: A Guide for Business Owners As a business owner, understanding the seasonal ebbs and flows of employee productivity can be an invaluable asset. Not only can it help you schedule performance reviews and set realistic sales objectives, but it can also assist in predicting sales numbers and timing new policy writing for insurance agencies. Let’s delve into seasonal productivity trends and provide actionable advice for optimizing business operations throughout the year. Understanding the ‘August Slump’ The “August Slump” is a well-documented period of decreased productivity that many…