Ways to Prepare Your Home for Winter

Winter weather can wreak havoc on your property and increase energy costs, but taking proactive steps in the fall can help minimize these challenges. Preparing your home can be crucial for safety, energy savings and preventing damage from harsh winter conditions. Fortunately, most winter preparation tasks are relatively quick and budget-friendly, making it feasible to […]

2024 Risk Trends for Schools

We’re tracking the top challenges facing schools and government agencies. See what’s on our agents’ radar and find out how the right insurance provider, and find out how the right insurance provider can help public entities to better manage these risks. Violent Events While only the most extreme violent event headlines grab public attention, statistics indicate […]

Listen to Todd Phelan on the Dave Nemo Show

Todd Phelan was in Orlando last week for the annual MCIEF conference where he joined the Dave Nemo Show: a popular trucking-focused talk show on SiriusXM, along with Brett Conyers of Morgan, Trevathan & Gunn Insurance. Todd and Brett discussed their respective agency’s long histories with the trucking industry and shared thoughts on several topics, […]

Average Data Breach Cost Hits All-time High of $4.4M

According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3% since 2020. While $4.45 million is the average across the 16 countries included in IBM’s survey of 553 organizations, breaches in the United States cost far more […]

Farms: Risk Management Strategies

The agriculture sector faces several risks stemming from ever-changing weather, yields, prices, government policies and global markets. In general, the following are five types of risks the agriculture sector must mitigate: Since risk is an integral part of agriculture, producers must take precautions to minimize its impact on business. There are a number of strategies […]

Ransomware Attacks in the Construction Industry

As the construction industry continues to increase its use of technology, the risks of cyberattacks also rise. According to an analysis by encryption software company Nordlocker, the construction industry had the most cases of ransomware attacks between January 2022 and January 2023. Certain aspects of the construction industry make it vulnerable to attacks, such as […]

Your Business Risks in an Economic Downturn

Without a thorough evaluation of its business model, any manufacturer can be severely threatened by an economic downturn. While devising creative solutions to keep your business running despite unfavorable economic conditions, keep in mind that changes to your business can result in changes to your liability exposure. Facing Your Supply Chain It’s no secret that […]

Cyberthreats Are a Leading Cause of Loss at Hotels and Motels

The nature of the day-to-day business at hotels and motels puts them at high risk of cyberattacks. These organizations handle enormous amounts of personally identifiable information (PII) and personal financial information (PFI), making them lucrative targets for cybercriminals. In fact, data shows cyber losses account for 18% of all losses at hotels and motels. The […]

Direct Marketing and Product Liability for Farmers

Direct marketing is an efficient way for farmers to interact with consumers and capture the full value of their harvests without depending on a third pary. Examples of direct marketing opportunities include farmers markets, roadside stands, pick-your-own, agricultural tourism and direct sales to restaurants and stores. While both consumers and growers profit from these increasingly […]

Contractual Risk Transfer Explained

Contractual risk transfer (CRT) is a risk management mechanism that can be utilized by many businesses. It involves shifting potential liability through a non-insurance contract or agreement and is intended to transfer risk to the party (e.g., vendor, supplier, subcontractor) that is better situated to control it. While insurance is the most common method to […]