When it comes to general liability insurance, a lot of business owners think they’re covered for everything, but that’s not always the case. Let’s clear up some general liability misconceptions to help you understand what this policy really does—and doesn’t—cover.
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Artificial intelligence, or AI, is transforming the insurance industry, leading the way in revolutionizing tasks that were traditionally performed by humans, such as visual perception, speech recognition, decision making, and language translation. Virtual assistants such as Alexa and Siri are familiar examples of how artificial intelligence (AI) is used in everyday life, capable of performing tasks like calling a contact, setting an alarm, or playing a song through simple voice commands. By utilizing AI in Insurance, the industry is witnessing a profound transformation, leveraging technology to meet evolving customer needs and redefine the standards of service and efficiency.
When you think of pollution, images of oil spills and toxic waste dumps may come to mind. However, pollution risks extend far beyond these headline-grabbing disasters, quietly lurking in the everyday operations of nearly every business. From construction sites to commercial enterprises, pollution risk management is crucial to prevent environmental exposure that can lead to significant financial losses. Every year, there is an estimated $1 billion of uninsured environmental losses, leaving businesses vulnerable to substantial financial burdens.
When it comes to purchasing insurance, you have two primary options: working with an insurance agent or buying directly from an insurance company. While going direct may seem quicker, hiring an insurance agent offers a range of benefits that can save you time, money, and stress in the long run. Here’s why working with an agent is a smart choice:
In recent years, the housing market has been chaotic, underscored by rising interest rates, record-low housing stock, and elevated home price tags. This turbulence has significantly increased the demand for housing, whether buying or renting. In a notable development, U.S. home building surged in May 2023, climbing 21.7% from April 2023, as low inventory in the existing home market continued to boost interest in new homes according to CNN. This uptick in residential construction underscores the importance of builder’s risk insurance in ensuring a Secure Building Future.