Insurance

Risk assessment is the first step toward effective risk management. Businesses of all types and sizes operate in an environment of risk. Their financial health and even their continued existence are at risk from the impact of physical damage to property, legal liability, human safety, cyberattacks, and other threats. 

In 2025, there are many risks that businesses are going to face that standard insurance policies simply won’t cover. This could range from unexpected legal claims to accidents that can’t be avoided. Umbrella insurance offers an extra layer of protection, safeguarding your business against unforeseen liabilities that could exceed your primary policies’ limits. As we move into 2025, with evolving…

The Snowbird Lifestyle and Its Insurance Implications  The term “snowbird” generally refers to retirees or semi-retirees who spend part of the year in a northern state and migrate to a southern state during the winter. While this lifestyle provides a pleasant break from cold temperatures, it also creates complexities regarding your residency status, taxes, and especially insurance. Each state has…

Charleston, South Carolina, is a beautiful coastal city but is also prone to flooding due to its low elevation and proximity to the Atlantic Ocean. The city has experienced a number of flooding events that have had devastating financial impacts on the community. For example: Hurricane Hugo made landfall near Charleston on September 21, 1989 as one of the most…

People purchase life insurance for a variety of personal and financial reasons, primarily to ensure the financial security of their loved ones. It can:  Replace lost income when a primary earner dies, helping the family maintain its standard of living  Fund future expenses such as childcare, schooling, and college tuition  Pay off outstanding mortgages to ensure the family can stay…

 Cyber threat trends predicted for 2025 indicate an increasingly complex and challenging landscape for individuals, organizations, and governments. Here are some of the key trends anticipated in the year to come:  Cybercriminals are expected to leverage AI and machine learning to automate attacks, making them faster and more difficult to detect. Enhanced phishing schemes will increasingly use AI to craft…

It’s not unusual for small business owners to underestimate their vulnerability to cyberattacks and what they stand to lose if they become the victim of one. It’s tempting to think that cybercriminals target only larger businesses. It’s also dangerous. Cybercriminals often target small businesses because they believe they’re easier to victimize than larger companies. And in many cases, they’re right,…

Home insurance is all about managing risk—specifically the risk of a residential property being damaged or destroyed. For most people, their home is their most valuable asset. If that home is not owned outright, a bank or other mortgage lender has a financial investment in it as well. So, it’s no wonder that purchasing home insurance is a prerequisite for…