Blog

Introduction  Hiring a contractor for your construction project is a crucial decision. One key factor that is often overlooked is whether the contractor carries adequate insurance. Hiring uninsured contractors can expose your business to severe risks, including legal penalties, financial losses, and safety hazards. As a project owner or general contractor, ensuring that every contractor…

How Return-to-Work Programs Impact Workers’ Compensation Costs  One of the most effective ways for businesses to manage workers’ compensation expenses is through Return-to-Work (RTW) programs. These programs allow injured employees to return to work on light duty while they recover, reducing the length of absence and helping control insurance costs. For small and medium-sized businesses…

Six Trends Affecting Commercial Auto Insurance  Commercial auto insurance plays a crucial role in protecting businesses that rely on vehicles, whether for deliveries, services, or transporting employees. However, the landscape of commercial auto insurance has been evolving, driven by multiple trends that have resulted in rising costs and limited coverage options. Business owners in Delaware,…

The Importance of Safety in Construction: Protecting Your Team and Business  Safety is a priority for any business, but for construction companies, it’s a matter of life and death. The risks in this industry are high, and without proper safety measures in place, accidents can lead to serious injuries, financial loss, and legal consequences. Small…

The Delaware Compensation Rating Bureau (DCRB) has recently updated its Experience Rating Plan (ERP). This plan directly impacts how workers’ compensation premiums are calculated for businesses. If you’re a blue-collar business owner, here’s what you need to know about the changes and how they could benefit you. What is the Experience Rating Plan? The Experience…

Introduction In today’s digital age, cyber crime poses a significant threat to businesses of all sizes. For small to medium-sized enterprises (SMEs) in the manufacturing, automotive, construction, and wholesale industries, the risks are particularly high. Cyber insurance has become an essential component of risk management strategies, providing crucial protection against the financial and operational consequences…

Insurtech: No Good for Small Business This blog stems from a recent real-life scenario we’re going through with one of our newest clients. For this specific scenario, we’ll refer to this business as ABC Development. ABC Development is a home remodeler that specializes in high-value kitchens and additions for residential properties. Two years ago, they…

Contractors Errors & Omissions (E&O) Insurance Every year, I sit down with dozens of contractors to review their policies and any gaps in coverage they may have. Because our specialty lies within the electrical, plumbing, HVAC industries, the majority of my clients are subcontractors on all of their jobs. As a result, many of them…

Inland Marine Insurance for Contractors: What is it? From the outside looking in, it’s not uncommon to think that contractors don’t have a ton of assets. Many contracting businesses are run from a home office or a small rented space. For someone unfamiliar with the industry, it might appear that contractors don’t have a ton…

Business Insurance Quotes: How The Process Works Every year, millions of businesses have to renew their business insurance at some point during the year. As renewal time approaches, some businesses sit back and leave things on autopilot while others proactively seek out alternative options. Of the businesses that entertain other business insurance quotes, I would…