Every industry faces unique risks, which play a significant role in determining insurance rates. Understanding the specific hazards associated with different sectors can help businesses secure the right coverage, mitigate these risks, and potentially lower their premiums.
In this article, Central’s Director of Small Business Underwriting, Anne Russo, explores some of the higher risks in various industries, how they impact insurance rates, and what to do to reduce exposure.
High-Risk Business Insurance: Contractors
Insurance companies may consider contracting a high-risk business because these professionals can face a wide range of risks depending on the nature of their work. According to Russo, the key factors insurance professionals consider when determining...
Fiscal stimulus remains an upside risk to growth in both Canada and the U.S.. Government bonds remain attractive heading into the second half of the year. Corporate bond holders are not being compensated as much for taking on corporate credit risk, with spreads at near 20-year lows, although all-in yields look attractive.
2024 overview
Canadian and U.S. interest rate policies are closing out the first half of the year on divergent paths with the Bank of Canada easing, while the Federal Reserve remained on hold. Most measures of core inflation in Canada have been below 2% on both 3 and 6 month annualized bases,1 suggesting that the headline...
Alright, folks, let’s have a little heart-to-heart about something most people would rather not think about—insurance. I know, I know, it’s about as exciting...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, continued to increase its assets under management in the...
How to Address Today's Cyber Threat
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High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial...
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Even though many academics are sounding the alarm over the housing affordability crisis in the United States, the affordability problem continues to...
As the pandemic continues to take a toll on the nation's businesses, employees rely on job-related benefits more than ever. Your business can turn to its employee benefits broker in Santa Rosa to ensure that you offer the critical...
Cardiovascular health and wellness is one of the main focuses in modern healthcare, and for good reason. Heart disease is still the leading cause of death both in the United States and globally. Unfortunately, many cardiovascular issues go undiagnosed...
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KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by...
More than $112 billion was lost to retail shrinkage in a recent year, according to the National Retail Federation (NRF). Retail loss, or “shrinkage”...
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Medicaid and private health insurance are two types of health coverage that individuals can obtain to help pay...
Benefits are an important tool for business owners, but the administration process can be tedious. Thanks to the advancements in automation, you can now use benefits management software to streamline the process. Take a look at the features of...
Whether it’s fixing storm damage, updating a kitchen, or making essential improvements, choosing the right contractor for your home or business is key. But for many residents in Wisconsin, this decision can turn into a nightmare, thanks to one...
Health insurance is a notoriously complicated subject in the United States. Whether you're purchasing it for the first time or switching plans, keeping track of the Open Enrollment Period is critical. Here are the answers to your top questions...
“The boat is safer anchored at the port, but that is not the aim of boats.”― Paulo Coelho, The Pilgrimage
Did you know that you are not required to have boat insurance to operate a vessel on the water in...
You don’t need to be a millionaire to leave a meaningful legacy to your loved ones. Here, how to begin thinking of your legacy, and how to begin building it now, in both monetary and value-based waysby Anna Davies...
Your agent is best positioned to advise you when they have all the facts.
Your local independent insurance agent is prepared to create a personalized coverage plan tailored to meet your and your family’s...
Hurricanes can be among nature’s most destructive events.
Atlantic hurricane season runs from June 1 to November 30, though storms can take place outside of those dates. Take steps to minimize damage and speed...
Last Updated on April 6, 2022 by adminIn response to the Covid-19 pandemic, the hospitality and tourism industry have pulled together to produce protocols across all sectors, including specific Covid-19 Holiday Let Cleaning Guidance for self-catering properties. The Covid-19...
Last Updated on January 25, 2021 by admin
There has been much media coverage of the Supreme Court Judgement made on the 15th January 2021 regarding the FCA Test Case involving some insurers business interruption wordings. Understandably this has caused...
Last Updated on July 4, 2024 by adminBoshers Insurance is headed by Jason Jackson, who has worked in the insurance industry for 36 years. Jason is an avid history fan and enjoys travelling both abroad and within the UK....
Last Updated on March 17, 2021 by adminTemporarily Closed Holiday Letting Properties – Updated 17th March 2021We appreciate the significant impact that government measures to control the spread of the coronavirus is having on all businesses, not least self-catering...
Virtual home inspections, necessary during the pandemic, remain popular because of convenience.
When you buy home insurance, the amount of coverage you purchase should be the amount that it would cost to rebuild...
Last Updated on January 11, 2021 by adminNational Lockdown – Stay At HomeOn the 4th January 2021 the Government announced a third lockdown in England to control the rapid increase of coronavirus cases. The devolved administrations in Scotland, Wales...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
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The Kovacic Family’s Real Life Disability Insurance Story
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Power outages can be extremely inconvenient and at times scary. Keeping on top of a simple stockpile can help make all the difference when an emergency strikes.
In most cases, a blackout can be temporary. When storms hit, they can...
Self-funding is an ideal way for small to midsize businesses to save on health insurance costs. Part of the self-funding puzzle is finding a TPA that will meet your needs and help you enjoy the benefits that self-funded insurance...
Understanding Insurance Companies in FloridaWhen it comes to choosing between the insurance companies in Florida, finding the right one can be challenging. Here’s a quick overview of some top insurance companies in Florida to help you make the best...
Retirement Strategy Checklist
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The Future of Your Money In An Uncertain Economy)
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WELCOME, TO YOUR WORLD OF RETIREMENT…
When it comes to retirement planning,...
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}This week's featured customer car is a little red Corvette. This 1998 convertible Corvette is a beautiful example of America's modern muscle car. McElhinny Insurance Agency insures all types of...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Millions of Americans might not be able to get health insurance, depending on the election’s outcome. It determines whether the country stays with affordable and readily available health care or goes back to more costly, limited insurance options.People might...
Equipment malfunctions can severely disrupt business operations, leading to delays and lost productivity. Whether it’s a computer crash, machinery failure, or technical breakdown, these unexpected issues can disrupt your workflow. However, maintaining productivity despite such challenges is central to...
Deductibles in health insurance are a set amount you’ll have to pay for healthcare annually before your insurer begins paying for your healthcare expenses. Once you’ve paid off your deductible, you only pay the copayment or coinsurance for the...
Getting your Idaho Contractor license is a significant milestone in your career, opening the door to a wealth of opportunities in the construction industry. Whether you’re planning to start your own business or join an established firm, this license...
By Tom Driscoll, Financial Advisor at R&R Wealth Management
You may have heard it said before, but it bears repeating: Life insurance isn’t for you, it’s for them—for the people who mean the most to you, for the loved ones...
Highlights
Dave Chase, founder of Health Rosetta, met with Mike Schroeder, president and founder of Roundstone, to host an insightful webinar.
This webinar revealed some of the most eye-opening inefficiencies of traditional, fully insured health plans.
Among the topics presented, viewers learned...
