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Category: Property and Casualty Insurance
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Small Business Insights: How to Avoid Insurance Gaps | PA Employee Benefits Group
Small businesses in all industries face numerous risks that can lead to significant financial losses. To mitigate these exposures, businesses secure insurance. Many considerations go into building an insurance portfolio; business leaders must be mindful of policy specifics, such as limits and exclusions. Failure to adequately address a business’s insurance needs can result in costly…
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Risk Insights – Risk Management Considerations for Active Shooter Incidents | PA Benefits Group
An active shooter incident entails an individual or group of individuals entering a populated area to kill or attempt to kill their victims, generally through the use of firearms. These incidents—sometimes called mass shootings—have become increasingly common in the United States. According to the FBI, the number of active shooter incidents jumped by 96.8% between…
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Safeguarding Businesses From Tech Support and Internal Help Desk Scams | PA Benefits Consultants
Cybercriminals employ various techniques to infiltrate networks and steal sensitive data. Technical support scams, where fraudsters pose as major tech vendors, and IT-help desk scams, where malicious actors impersonate internal IT staff, are two mechanisms they use to achieve their objectives. Small and midsize firms with limited IT oversight and resources often make for attractive…
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General Liability Insurance: Your Defense Against Liabilities | PA Employee Group
The only way to effectively protect the assets of your business is to carry adequate commercial general liability (CGL) insurance coverage. CGL protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable. What Does CGL Cover? A typical CGL policy provides coverage for…
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General Liability Insurance: Your Defense Against Liabilities | PA Employee Benefits Team
The only way to effectively protect the assets of your business is to carry adequate commercial general liability (CGL) insurance coverage. CGL protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable. What Does CGL Cover? A typical CGL policy provides coverage for…
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Know Your Limits April 2025 | PA Employee Benefits Team
Auto Company to Pay $2.5 Billion After Fatal Rollover—Product Liability A Georgia federal jury has ordered an American auto company to pay $2.5 billion to the family of a couple who died when their “Super Duty” truck rolled over in 2022. When the driver had a cardiac event, the truck struck a driveway drainage culvert…
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2025 D&O Insurance Market Outlook| PA Employee Group
Experts are predicting a slowdown in rate decreases in the directors and officers (D&O) market for 2025, and newly public and mature companies may experience gradual premium increases moving forward. There’s general concern that price decreases have gone too far and may not be sustainable in the long term, necessitating market correction. What’s more, several…
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Coverage Insights: Side A DIC Coverages | Pennsylvania Benefits Team
In a business landscape that increasingly prioritizes corporate accountability, directors and officers face numerous risks in carrying out their corporate duties. Whether a public, private or nonprofit organization, no company is immune from litigation arising out of the management decisions of its boards. Although directors and officers liability (D&O) insurance can provide coverage for “wrongful…
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Know Your Insurance: 8 Common Car Insurance Myths | PA Employee Benefits Team
Auto insurance can be complex and difficult to understand. With all the information available to policyholders, it can be challenging to decipher the facts from myths. Knowing what’s covered under your auto policy and the factors that determine your premium is crucial. What’s more, not understanding your coverage may lead you to believe you’re covered…
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Cyber Attacks: A Growing Business Interruption Threat| Pennsylvania Benefits Team
When you think about what usually causes a business interruption, natural disasters such as fires, earthquakes and floods probably come to mind first. These events can physically damage your property and equipment, making your workspace unusable for a time. The damages from Hurricane Katrina and Superstorm Sandy are great examples of how a natural disaster…
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