Visionpath’s Post

Why Regularly Shopping for Commercial Insurance is Essential for Every Business In today’s dynamic business landscape, effectively managing your risks is as crucial as managing operations. Regularly reviewing and shopping your commercial insurance ensures that your coverage keeps pace with your evolving business needs and protects against new vulnerabilities. Key Reasons to Regularly Review Your Commercial Insurance: Adapt to Changes: As your business expands, your insurance needs change. Ensure your policies match your current operations. Cost Efficiency: Insurance markets fluctuate, and shopping around can uncover cost savings, allowing more funds for business growth. Discover New Benefits: New insurance features can offer better protection and added benefits. Enhanced Service: Engaging with multiple insurers encourages better terms and services from providers keen to retain your business. Treat insurance as a vital part of your risk management strategy—regular reviews can lead to savings and greater security. Stephen Green Executive Client Advisor Email: sgreen@legacyinsig.com Web: legacyinsig.com Direct: 561-305-1384 #BusinessInsurance #RiskManagement #CommercialInsurance #InsuranceTips #CostSavings #CyberSecurity #LiabilityProtection #WorkersComp #InsuranceReview #BusinessGrowth

Public Entity/Higher Education Cyber Insurance Virtual Roundtable Public entities and higher education organizations are prime targets for cyber attackers, and the need for quality cyber insurance to help protect them has never been greater. Over the last year, an influx of new capacity and increased competition among carriers has led to improved overall market conditions for many insureds. Public entities and higher education organizations stand to benefit from this welcome shift, especially if they’re well prepared to navigate the cyber insurance placement and renewal process. At WTW, we believe that hearing from cyber insurance underwriters themselves will go a long way toward assisting with that preparation. Please join us for our Public Entity/Higher Education Cyber Insurance Roundtable on Thursday, April 11 at 1:00 p.m. ET, where we’ll be hearing perspectives from AIG, AXA XL, Beazley and Resilience underwriters on a number of important topics, including: -The cybersecurity controls that public entities and higher education organizations should prioritize to differentiate themselves as safer cyber risks -Best practices and tips for completing cyber insurance applications and preparing for underwriting calls -Current cyber risk and coverage trends relevant to public entities and higher education organizations -Ransomware and broader privacy developments and their relevance to public entity and higher education clients; and -The cyber insurance claims process – how it works and the risk management opportunities it creates #wtwperspective #publicsector #cybersecurity https://lnkd.in/eftPKWEd

💥 Things can and do go wrong in any business, from mishaps to downright disasters like a fire, flood, theft, cyber hacking event or a roof collapse, but if you’re not adequately covered on your insurance an unfortunate event may only be the beginning of your troubles… ⚖️ Underinsurance has never been more of a pressing issue or more prevalent amongst UK businesses. A 2012 survey by the Building Cost Information Service revealed that 80% of UK commercial properties were underinsured. 📰 Read our latest blog here: https://loom.ly/FXtdOWI to learn the risks of underinsurance, and how you can reevaluate your insurance position. #Underinsurance #Insurance #LocalBroker #Ascend #Business

Discover what's trending in the US Business Insurance Market with Marsh McLennan Agency's Q1 Observations Report! Dive into #property and casualty #insurance trends, prepare for catastrophe risks, and learn about current #CyberSecurity issues. #Risks #MarshMMA

Discover what's trending in the US Business Insurance Market with Marsh McLennan Agency's Q1 Observations Report! Dive into #property and casualty #insurance trends, prepare for catastrophe risks, and learn about current #CyberSecurity issues. #Risks #MarshMMA

Discover what's trending in the US Business Insurance Market with Marsh McLennan Agency's Q1 Observations Report! Dive into #property and casualty #insurance trends, prepare for catastrophe risks, and learn about current #CyberSecurity issues. #Risks #MarshMMA

Understanding the evolving risks in the insurance industry is essential for staying ahead in today’s dynamic market. From cyber threats to climate change, and economic pressures, insurers face numerous challenges that require strategic reassessment. #Insurance #RiskManagement #CyberSecurity #ClimateChange #EconomicTrends #StrategicPlanning

At Gibson, we always tell our clients, "It's all about how you show up" to the markets. With carriers becoming more selective, your insurance submission is your only chance to stand out. Now, more than ever, it’s critical to tell your story clearly—highlight your safety programs, cyber protection, and risk management strategies to ease underwriters' concerns. Working with a broker that understands this can make all the difference in navigating this challenging market. Let’s show up strong together! #Insurance #RiskManagement #Underwriting #FindYourEdge #Gibson

How are SMBs reshaping cyber insurance, and what’s new in Lloyd’s investment scene? Two key developments this week: 1. Katherine Wade joins Helios Board: AEGIS London’s CFO, Katherine Wade, has been appointed as an independent non-executive director at HELIOS UNDERWRITING PLC Her strong financial background will be crucial as Helios plans its 2025 portfolio to attract more third-party capital. Full article: https://lnkd.in/ejD-qhDb. 2. SMBs and Cyber Insurance: Guy Carpenter research shows SMBs now make up nearly 45% of the cyber insurance market. The rise of SMBs in this space highlights the need for accurate risk assessment and data-driven modeling. Full article: https://lnkd.in/eSQGTVwr. Shoutout to Terry Gangcuangco, Abigail Adriatico, and Insurance Business America for the insights. What are your thoughts on these developments? Let’s discuss in the comments below! Follow for more updates. #Insurance #CyberInsurance #Lloyds #FinancialServices #InsuranceNews #SMBs

Discover what's trending in the US Business Insurance Market with Marsh McLennan Agency's Q1 Observations Report! Dive into #property and casualty #insurance trends, prepare for catastrophe risks, and learn about current #CyberSecurity issues. #Risks #MarshMMA