Author: Paul Nielsen

Texas P&C Insurance Agencies Texas P&C Insurance Agencies Texas P&C Insurance Agencies

Do you need E&O insurance for your business?

Now, everyone makes mistakes. Even the best of your employees might. But, some of these mistakes can lead to expensive lawsuits, which can severely damage organization’s financial stability and market reputation. Errors & Omissions (E&O) insurance helps protect your businesses against such losses. E&O coverage, also known as professional liability insurance, protects employees and employers against client’s claims of negligent...

Liability Insurance 101 for Restaurants

The restaurant industry has grown by more than 6% over past few decades and is expected to reach a record $860+ billion of sales revenues in 2019. The industry bears a positive outlook and demand from customers is on the rise. Restaurant owners, however, need to ensure that their business is properly protected by insurance and there are no unexpected...

Commercial Insurance Policy Renewing? It’s time for a review.

The market environment changes rapidly, and you are in a continuous process of realigning your business with it. Obviously, your insurance needs also change accordingly. If your business has changed significantly over the past year, you run a risk of being uninsured, underinsured or potentially overpaying for coverage that you no longer need. Renewal is probably the best time to...

7 Best Car Insurance Discounts that can help lower your premiums

There are several ways to reduce your car insurance premiums. Examples include increasing deductible, reducing coverages, reducing benefits, bundling auto and homeowners insurance, using usage based insurance or telematics, shopping around, negotiating hard, purchasing a group plan and even reducing mileage.

Flood Insurance: 6 Facts that will Surprise you

According to FEMA (Federal Emergency Management Agency), flood is the most common natural disaster in the country. In fact, 90 percent of all natural disasters in the U.S. involve some type of flooding. However, approximately 91% of owner-occupied homes have homeowners insurance but only about 15% of Americans have flood insurance. So, clearly, the awareness level about the need for...

A New Commercial Insurance Model – Customer Centric Innovations

It’s exciting times in commercial insurance industry. The technology explosion has provided the right opportunity for commercial insurers to focus on the customer and innovate. Many believe that the pace of change in the industry is already at an unprecedented level and is only going to increase further. The rapid proliferation of commercial InsurTechs has helped fuel disruptive changes. The...

Top Strategies for Reducing Workers Compensation Costs

Workers compensation insurance continues to be expensive, and its premium is rising faster than any other liability insurance costs. Although rates will vary, they can range from 5-40 percent of payroll. Increasing risk factors such as aging workforce, rising medical costs, opioid abuse and growth in the economy may make the situation even worse. Fortunately, there are number of tactics...

7 Facts You Didn’t Know About Life Insurance

Life insurance, despite being vital, remains one of the most misunderstood financial instruments. Many wouldn’t want to talk about Life insurance because they don’t want to talk about death or just undermine the possibility of a disability or illness. However, Life insurance is one of the pillars of personal finance and is deserving of consideration and attention by every household....

Amazing Innovations in Auto Insurance that you will Love

The revolution that the automotive industry is going through is amazing. The technology forces are giving rise to disruptive trends such as electrification, diverse mobility and autonomous driving, changing the way we travel fundamentally. It comes as no surprise, therefore, that Auto insurance itself is going through a transformation and is ripe for disruption. Auto insurance providers are increasingly using...