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Professional Liability Insurance

The 2023 Small Business Startup Guide

Starting a new business can be a daunting task, but with the right approach, it can also be a highly rewarding experience. In this guide, I will take you through the steps involved in building a new business from the ground up in 2023. Step 1: Identify your market niche The first step in building a new business is to identify the market niche you want to target. This involves researching the market to understand the needs and preferences of your potential customers. You can use online tools like Google Trends and social media to gather insights about your target… Read More »The 2023 Small Business Startup Guide

Nursing Home Liability

With ample capacity in a nursing home and long-term care liability insurance, competition remains strong among carriers. However, clouds have been gathering on the horizon, with the convergence of three separate events threatening to create a perfect storm in the marketplace.

Increasing Claims

Claim frequency and severity has been climbing for the past several years, with nursing home litigation being one of the fastest-growing areas of health care litigation. In a recently published report on an actuarial analysis of the long-term care sector, it was stated that long-term care frequency is increasing by 5% annually.

Severity is a concern as well. Consider a few mega-claims in the past few years:Read More »Nursing Home Liability

Video: Insurance for home based business

There are two ways to provide more property and liability insurance for your in-home business. The right choice will depend on the nature of your business, its annual receipts and the amount of coverage you need.