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Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. If the deductible is more than your business can comfortably pay, you might delay repairs or go without needed replacements.

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Business Owner’s Policy (BOP) for Restaurants: Protection from Prep to Plate

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In other states, a wind deductible may apply to Tier 1 coastal locations. Q: What are your property and general liability deductible options? A: Our Restaurant BOP deductible options are $1,000, $2,500 and $5,000 for property. We do not offer GL deductibles. Q: Do you offer cyber liability coverage on the Restaurant BOP?

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Restaurant Insurance in South Carolina: A Broker’s Guide 

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This includes common risks like theft or fire damage but also more niche coverages like food spoilage and cyber liability. Cyber liability insurance: Provides coverage in the event of data breaches and cyberattacks, which can compromise customer and business information.

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Cybersecurity Best Practices

Scott Insurance

High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial Pipeline ransomware attack have highlighted increasing cyber risk for nearly every type of business. Businesses across all industry segments are subject to these trends.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

– Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks. – Premiums and Deductibles : Clarify how much you need to pay and under what circumstances deductibles apply.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage limits, deductibles, and other policy terms can be adjusted to align with the company’s nature and size. ProWriters’ Cyber IQ Comparative Rate Platform now lets you research these liability policies with the same speed and accuracy you get when using it to prepare Cyber Insurance quotes.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

– Potential deductibles and what’s financially viable if you need to make a claim. For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance. Assess whether there’s a need for: – Cyber Insurance for data breaches and cyber threats.