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 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 […]
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 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 27, 2023
AgencyCyber Attacks: Common Social Engineering Tactics to Watch For
Social engineering refers to a cyberattack method in which a cybercriminal preys on key human behaviors (e.g., trust of authority, fear of conflict and promise of rewards) to obtain unwarranted access to targets’ technology, systems, funds or data. These attacks can be deployed through various tactics, such as digital impersonation, deceitful messages or malicious software […]
November 29, 2023
AgencyThe Importance of Insurance to Value for Commercial Property Coverage
When purchasing or renewing their commercial property insurance, it’s vital for businesses to ensure such coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses. That’s where conducting accurate insurance-to-value (ITV) calculations comes into play. Generally speaking, ITV refers to an […]
January 18, 2024
jdowdinsSix Trends Affecting Commercial Property Insurance
Commercial property insurance plays a critical role in protecting the assets of a business. In the event of a loss, this coverage can help businesses replace or rebuild their damaged or destroyed property and restore their operations in a timely manner. As such, it’s crucial for your organization to obtain a sufficient commercial property insurance […]
January 22, 2024
jdowdinsDoes Your Business Need Product Guarantee Insurance?
Does Your Business Need Product Guarantee Insurance? Many businesses face risks related to their product’s performance, and claims in this area can have significant and far-reaching consequences. Product guarantee insurance can be an integral part of a company’s insurance portfolio, as it may offer valuable protection against allegations that a business’s product failed to meet […]
February 19, 2024
jdowdinsWorkers Comp: Return-To-Work Programs
Types of Transitional Duties in Return-to-Work Programs When an employee experiences an occupational illness or injury, their eventual return to the workplace can create considerable challenges, putting significant stress on both the individual and their employer. Nevertheless, return-to-work (RTW) programs can help alleviate these concerns by supporting staff as they reintegrate into the workforce. These […]
February 29, 2024
jdowdinsNavigating the Cyber Insurance Claims Process
Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent over the past decade, impacting organizations of all sizes and industries. These incidents are only expected to become more damaging and devastating in the years ahead, making it difficult for organizations to recover. In fact, global cyber economy researcher and publisher Cybersecurity […]