toppane-house.png

Your center for insurance and risk management tips, news and trends.

How to Avoid Risk and Have Fun While Playing Pokémon Go

Posted by Parker Beauchamp on Jul 27, 2016

Pokémon Go is sweeping the nation! The latest reports estimate that the mobile-based augmented reality game has 21 million daily active users and more engagement than Facebook. So, chances are you’ve heard of it or know someone who is playing.

The game encourages players to explore the real world around them and uses their phone as a lens to catch imaginary creatures called Pokémon, which is Japanese for “pocket monster.” (If you’re curious to learn more about the game, read this article from Vox, Pokémon Go: 9 questions about the game you were too embarrassed to ask.)

Read More

Topics: Insurance News & Trends

Artificial Intelligence and the Insurance Industry: What You Need to Know

Posted by Parker Beauchamp on Jul 21, 2016

Artificial Intelligence (AI) encompasses everything from machine learning to the Internet of Things (IoT). Thanks to these tech advancements, AI systems are now able to perform tasks that previously required human intelligence, such as visual and speech processing, decision-making and language translation.

From self-driving cars to automated assistants, AI is rapidly evolving and finding its way into surprising daily use cases, leading people to underestimate how it’s fundamentally transforming our world. It’s disrupting and improving organizations across all industries, and now it’s headed for insurance.

Read More

Topics: Insurance News & Trends

How to Insure Your Nonprofit: Q&A with an Insurance and Risk Management Expert

Posted by Parker Beauchamp on Jul 13, 2016

This post originally appeared on The Huffington Post.

Nonprofit executive directors face many challenges when it comes to purchasing insurance for their organization. Though there are more than 1.4 million nonprofits operating in the U.S., they serve thousands of niche industries and interests. Understanding the unique risks your nonprofit can encounter is the key to purchasing proper protection and increasing transparency.

That’s why I sat down with a member of my insurance agency’s executive team who is an expert on risk management for nonprofits. INGUARD’s own Larry McSpadden has almost 40 years of experience in the insurance industry, with a heavy focus on nonprofit clients. McSpadden works with nonprofits to create custom risk solutions that provide essential coverage for these organizations as they execute their missions.

In this interview, he answers key questions nonprofit executives ask when purchasing insurance coverage for their organization.

Read More

Topics: Business Insurance

Investing in Catastrophe Insurance Coverages: What You Need to Know

Posted by Parker Beauchamp on Jul 07, 2016

Many people think their home will never be affected by severe seasonal weather. As a result, they don’t invest in the proper insurance coverages. Unfortunately, those individuals may find themselves with crippling financial liabilities, should the unexpected occur.

To protect your home from damages or loss during severe summer and fall weather seasons (e.g. hurricanes or flooding), you must understand your exposure and potential for loss. From there, you and your insurance advisor can determine appropriate insurance coverages and whether or not you can afford to forego catastrophe insurance for your home.

Read More

Topics: Personal Insurance

5 Companies that Offer Incredible Employee Benefits

Posted by Parker Beauchamp on Jun 29, 2016

Employee perks do matter. The modern employee wants more than a job; they want an experience. From paid vacation time to onsite health care, 57% of individuals report benefits and perks among top considerations before accepting a job.

So, if a company wants to attract and retain the best talent in the market, they’ll need to offer more than a competitive salary.

Read More

Topics: Business Insurance, Benefits