Most standard commercial insurance polices typically cover only property and liability issues, which means these companies will need to obtain a policy rider with a flood rating based on location and weather possibilities.
Brokers must be aware of these events so they can better inform their existing and potential clients of the risks likely to impact their businesses over the coming years.
Certified public accountants and other public accountants cannot afford to suffer risks as it not only hurts their business, but it also exposes their clients to undue burdens.
With all of the complexities involved in operating a business, owners and managers need all the help they can get by having a broker there who’s not only knowledgeable about the risks associated with tornadoes, but also with how to prepare in case the unfortunate happens and a catastrophe hits.
One of the most significant trends impacting the insurance world is the rise of cybersecurity breaches and the subsequent need for information security protection.