Business

Commercial Property Insurance: Why to Consider Your Coinsurance Provision

Posted by Paula Johnson on February 2, 2018 | Do you have an adequate limit of insurance on your commercial building? Be aware that if your business property is not adequately insured at the time of loss, you could be subject to a penalty. A standard provision in the commercial property insurance form is coinsurance. This provision states that you, as the insured, agree to […]


Understanding Your Commercial Auto Policy: Covered Auto Symbols

Posted by Paula Johnson on December 1, 2017 | When was the last time you looked at the covered auto symbols in your Business Auto Policy (BAP)? Did you know that the symbols entered in the Schedule of Coverages and Covered Autos sections designate the types of autos you have elected to cover? This is important to know because only covered autos are insured under your […]


Why your insurance company should start Succession Planning

Posted by Jeneé Tenor on September 29, 2017 | Succession planning is not always the top priority for what’s considered a small insurance agency. Growing books of business, retaining clients, and keeping up with the ever-changing market is already enough to think about. However, who is going to maintain your thriving insurance agency after you retire? Have you been producing young insurance agents who […]


Special Information for North Carolina Contractors working in Florida

Posted by Holly Kondas on September 22, 2017 | All North Carolina contractors who are planning to go to Florida for cleanup and restoration work following Hurricane Irma must be sure you have Worker’s Compensation insurance that complies with the state of Florida requirements. Your policy should be reviewed to determine whether coverage is extended to your workers while on the job in Florida. […]


Preparing for Hurricane Irma

Posted by Laura Thomas on September 8, 2017 | Broome Associates Hurricane Claims Guide We are keeping a close eye on Hurricane Irma and want to make sure we provide good information to you to help you prepare should our area be impacted by the storm. Here is our hurricane preparedness guide which gives good information for before, during and after a hurricane.  Should our area […]


Uncovering Business Exposures: Cyber Liability

Posted by Joseph Belt on August 18, 2017 | In 2013, Target was the victim of a malicious cyber attack in which hackers successfully stole confidential customer information over the course of 19 days. The attack was a widespread news story that led to an ongoing legal struggle, ending when Target paid out millions in settlement dollars. Aside from the obvious cost of a legal settlement, Target also […]


Locking Up Your Data: The Reality of Cyber Security and Liability

Posted by Joseph Belt on May 3, 2016 | In a constantly evolving business landscape, managers must have a keen understanding of growth opportunities, future trends, and potential threats. With each passing day the world is becoming more interconnected through various virtual platforms, and many businesses have gone entirely paperless. While these developments have allowed us to become more efficient and generate new revenue […]


Is Your Business Protected? Keeping Your Company Safe From Theft and Fraud

Posted by Paula Johnson on August 31, 2015 | Almost every business today relies on computers to manage their banking and financial activities. While this has made transacting business more convenient, it has also created new risks. A hacker with the right knowledge and equipment can access an organization’s bank account and steal significant sums of money. A company may also be exposed to […]


Insuring Emerging Technology: Drones For Business and Recreation

Posted by Broome Associates on June 3, 2015 | A growing consideration for businesses is the use of a drone. Lately in the news as privacy issues, drones are often used for noncontroversial purposes. The vehicles are becoming more popular as even small businesses are getting on board for retail, transportation, surveying, and contracting uses. Are you one of these people who are implementing the […]