Supply Chain Issues Affecting Craft Breweries
Most businesses have felt the effects of supply chain shortages and delays during the COVID-19 pandemic. Craft breweries are no exception, as they often need specialty ingredients, whether sourced domestically or overseas, for more exclusive beverages. With delays at ports and trucking shortages at home, consumers are continuing to see the price of alcoholic beverages…
How Small Businesses Can Prepare for a Recession
A recession is a prolonged and pervasive reduction in economic activity. Generally speaking, multiple successive quarters of negative growth in gross domestic product – a monetary calculation of the market value of goods and services generated and sold during a set time period within a given country – constitute a recession. A recession can last…
Harvard Pilgrim Departs CT Market: Understand Your Options for Commercial Insurance
Harvard Pilgrim Health Care, a not-for-profit insurer based in Massachusetts, has decided to depart the Connecticut market after a decade. Businesses offering employer-provided health insurance through Harvard Pilgrim will have to find another carrier or agent. By partnering with HUB/Ion Insurance, you can continue offering this incentive within your employee benefits package! What to Know…
Effects of Social Inflation & Nuclear Verdicts on Trucking Insurance
In recent years, the trucking industry has seen a decline in workers, stricter regulations on hours driven and a growing number of supply chain issues related to increased consumer demand and shipment delays. Further compounding these issues, the cost of trucking insurance has been affected by social inflation and related factor nuclear verdicts. Learn how…
8 Common Commercial Insurance Blind Spots
You may think your business has enough coverage but when you file a claim to recover a loss, you find out your policy excludes a particular peril or limits are insufficient. When it comes to commercial coverage, businesses should anticipate these common blind spots. 1. Forgoing Disability Insurance When a non-work-related injury occurs, workers’ compensation…
