Tag: liability insurance coverage

53% of independent workers think they don’t need self employed liability insurance

H. Cutner
Self Employed Liability Insurance - Man sitting on couch using laptop

A new survey showed that more than half of freelancers think they don’t need any coverage. Fifty three percent of freelancers, independent contractors and small business owners feel they don’t require self employed liability insurance, said a new Qdos survey. Moreover, over half of those who think they don’t necessarily need it don’t have any coverage at all. The Qdos survey showed that 29 percent of those freelancers and independent contractors had no self employed liability insurance at all. That said, clients are coming to understand the importance of coverage…

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Farmers market insurance important rises with farm to table trend

Julie Campbell
Farmers Market Insurance - Farmers Marekt - Fruit - Business

The rising focus on eating whole, fresh foods has underscored the importance of this coverage. Shopping directly from food growers has become an important trend and with that, farmers market insurance has been on the rise. For many people, buying what is in season and grown locally has become a way of life. As a result, farmers markets have become more common, larger, and busier. As a result, farmers market insurance has become much more commonly offered. This makes it possible for vendors at these local events to be able…

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Halloween insurance claims always rise, often more than any other day

Julie Campbell
Halloween insurance claims - Jack-O-Lantern

As much as trick-or-treating may be fun, it can also lead to some of the costliest claims to insurers. Insurers are gearing up for another holiday of Halloween insurance claims, as is the case every year. As fun as this day may be for kids of all ages, homeowners and car owners often face some of their worst outcomes. Data shows that home and auto theft and vandalism claims are consistently high on Halloween. Therefore, insurers always encourage homeowners and car owners to review their policies before Halloween insurance claims…

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Liability insurance demand is increasing in India

G. Turner

Companies are experiencing exponential increases in the number of lawsuits and need protection. In India, businesses are experiencing an increase in the number of lawsuits that are filed against them, at a rate of 30 to 40 percent per year, which has caused companies to flock to their insurers to purchase liability insurance. This has boosted demand in that sector at a staggering rate, with an estimated growth of 10 to 20 percent annually. Among the more popular forms of liability insurance that businesses are purchasing include credit, director and…

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Liability insurance against cyberattacks becoming more popular in the US

Logan B.
cyber insurance

More companies are purchasing liability insurance to protect against cyberattacks A growing number of companies throughout the U.S. are purchasing liability insurance to cover the potential threats they face from cyberattacks. Insurer Marsh Inc. notes that data breaches and other cyberattacks have caused a spike in its business over the past year, with sales of liability insurance coverage for these attacks rising by a third. Marsh claims that companies that already had liability insurance coverage for cyberattacks are purchasing even more protection in order to guard themselves against hackers and…

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Oklahoma lawmakers look to expand liability protection to shelter providers

Lawmakers seek to provide comprehensive liability protection insurance… Last weekend, a number of powerful tornadoes swept through the state of Oklahoma, as well as its neighbors. According to the National Weather Service, 75 tornadoes touched down throughout the Midwest, many of which caused rampant damage throughout the region, especially in Oklahoma, where a powerful tornado claimed six lives. The total damage of the tornado outbreak is still be assessed by the insurance industry, but the event has spurred Oklahoma lawmakers to develop a comprehensive liability protection policy to help shelter…

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Hackers access account info in Citibank network breach

Marc

Citigroup Inc. has announced that the information to connected to 200,000 North American cardholder accounts has been accessed by hackers when they breached the bank’s network in May.  According to Citigroup, the breach was detected in early May and allowed the hackers to view the names, contact information, and account numbers of customers.  However, it assures customers that other forms of personal information, such as social security numbers, birthdates, as well as the card security codes (CVV) and expiration dates of the cards were not revealed. This cyber attack is…

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