Insurance Plans are now tailored according to everyday Consumer’s Technology Summary Insurance technology offers a new way for insurers to pursue business. With changing demands and technological capabilities of customers, InsureTech’s goal is to help Insurers stay ahead of the competition. As the industry is changing and becoming more open to embracing recent technologies, we Read The Full Article →
What Type of Insurance Does a Retail Business Need? The retail industry specializes in keeping up with changing times, whether that means shifting from mass-produced to more local goods or switching from a brick-and-mortar model to an e-commerce one. One reason the retail industry can make these changes flawlessly is because of its eagerness to Read The Full Article →
How will Autonomous Vehicles change Auto Insurance? Summary The popularity of autonomous vehicles or self-driving cars using navigational technology in smart automobiles has caused many questions about their safety, liability, and what it could mean for the future of auto insurance. A recent fatal accident in Harris County, Texas killed two passengers in a Tesla Read The Full Article →
Why Subcontractor Default Insurance Is an Alternative to Bonding Construction is risky when working with many third-party contractors. So, what happens if a subcontractor does not finish a job? Are you left to do the work? Who pays for unfinished work or the cost of hiring a new subcontractor? To remain safe, general contractors or Read The Full Article →
Optical Character Recognition Explained in Less than 600 Words Is your risk management process slow due to keying in data? Do you need a way to edit a printed contract without wasting hours? If so, you need the digital solution of optical character recognition (OCR). Avoid spending hours typing documents from the beginning and risking Read The Full Article →
You Decide: Is Cyber Insurance Helpful or Hindering? Recent Cyberattacks have caused debate around the topic of Cyber Insurance. The debate has two clear fronts, one with those who believe Cyber Insurance attracts cybercriminals and the others who believe it does its part in warding them off. Now it’s time for you to decide, is Read The Full Article →
What Employers Should Know About Wage & Hour Claims Employers carry a lot of different risks. This risk means that there is always the chance of an insurance claim arising. Year after year, the most expensive type of claim employers face is for wage and hours disputes from employees. According to the U.S. Department of Read The Full Article →
Common Restaurant Risks & How to Avoid Them Owning a restaurant can be a risky business, but this should not discourage owners or those looking to open one. In this article, we are going to look at some of the most common risks faced by restaurants, so you are aware before you open your doors. Read The Full Article →
3 Important Things You Did Not Know Cyber Liability Insurance Covered Almost every business today uses computers of some sort to carry out essential business functions. These computers could send or receive information, store information, communicate with those both inside and outside of the organization, and so much more. If any of this data is Read The Full Article →
The Importance of Risk Management in Healthcare Risk Management in Healthcare provides organizations the opportunity to mitigate any risk that may harm them. To achieve this goal, Risk Managers develop strategies to manage risks related to patient record access, protection, and more. In these strategies, they also implement contingency plans for unexpected catastrophic events and evaluate administrative systems & processes that enable operational and financial efficiency. Read The Full Article →
