November 13, 2023
AgencySeven Insurance Policies Every Small Businesses Should Consider
With so many different types of insurance to choose from, it can be overwhelming to determine what type is best for your small business. Dowd Insurance Agency is here to help explain the types of insurance policies available and how they can help protect you, your employees and your business’s bottom line. Commercial Property Insurance […]
November 8, 2023
AgencyWhat Do I Do In the Event of a Commercial Property Loss?
Most people understand that insurance companies have a duty to reimburse insureds for commercial property damage not excluded by their policies. What’s lesser known is that if a loss does occur, insureds also have duties they owe to their insurance company. Many commercial property insurance policies include language detailing steps that must be taken following […]
November 6, 2023
AgencyUnderstanding the Cybersecurity Risks of QR Codes
Quick response (QR) codes are a popular marketing, sales, payment and customer service tool for several businesses. However, as the presence of QR codes has become more prevalent, malicious actors have found ways to use them in phishing attacks and to spread malware. These vulnerabilities can lead to significant financial and reputational damage, and it […]
October 23, 2023
AgencyFive Cyber Readiness Practices to Boost Your Cybersecurity
Cyber threats are an ever-present concern across businesses, non-profits and public entities with organizations of all sizes often targeted by advanced and evolving attacks. The annual Travelers Risk Index shows cybersecurity persistently remains a top concern. The impact of cybercrimes like ransomware attacks, social engineering fraud and business email compromise make the implementation of robust cyber readiness […]
October 18, 2023
AgencyUnderstanding The Impact of Secondary Perils on Property Insurance
Secondary perils, such as severe convective storms, floods, wildfires and hailstorms, have significantly impacted the commercial property market. In fact, according to industry data, secondary perils have consistently accounted for over 50% of insured natural disaster losses in recent years. This blog provides more information on secondary perils, including their impact on the property insurance […]
October 12, 2023
AgencyWhat Is The Difference Between Commercial Excess Liability And Umbrella Insurance?
Commercial excess liability insurance and umbrella insurance are secondary coverage policies that attach after primary insurance policy limits—such as general liability, employer’s liability and commercial auto insurance—have been exhausted. This additional coverage can protect your business from the financial consequences of large losses that exceed what your primary insurance can cover. While excess liability and […]
September 28, 2023
AgencyHow To Reduce Director and Officers Liabilities Through Proper Board Orientation
Best Practices for Board Orientation The board of directors plays a vital role in maintaining the organizational structure of a company. This elected group oversees the organization’s activities and meets periodically to discuss and vote on business affairs. Given the critical role board members play in an organization’s overall success, these individuals need to be […]
September 18, 2023
AgencyProtecting Your Business From Power Surges
Power surges, which are sudden spikes in electrical voltage, can wreak havoc on business equipment and systems. While they may seem like minor inconveniences, power surges can have a significant impact on a business’s bottom line. This blog explores the dangers of power surges, effective strategies to shield businesses from their effects and the crucial […]
September 7, 2023
AgencyNavigating Commercial Property Claims
GUIDE TO NAVIGATING COMMERCIAL PROPERTY CLAIMS Introduction In the event of a catastrophic commercial property loss, the process of getting your business back up and running can be overwhelming. Although infrequent, these types of claims can severely impact operations, earnings, team members and the company’s reputation. Responding to a loss can seem daunting in the […]
September 6, 2023
Agency7 Factors Driving Commercial Property Insurance Costs
Several cost-driving trends have contributed to the hard commercial property insurance market. This environment has led to continuous rate increases and other challenging conditions. In these circumstances, it’s crucial for businesses to understand why premiums have been rising. This blog discusses seven factors currently impacting commercial property insurance costs. 1. Catastrophic losses—Hurricanes, tornadoes, wildfires, winter […]