Embroker

Businesses have to adapt to the changing times and the volatility of the market, especially given the events of #2020. But dealing with uncertainty can also be seen as a growth opportunity in itself. Check out these examples of growing startups that have thrived during economic instability and tips on dealing with business uncertainty. ... http://ow.ly/mx5J50E839C #businessuncertainty #startups #growth #businesstips

Does your #startup regularly deal with #businesscontracts? What #liability implications are associated with entering into contractual relationships with various third parties? We recently talked to Silicon Prairie News about how startups can protect themselves from potential breach of contract claims via business insurance and what types of policies startups should look to acquire. ... http://ow.ly/xQpe50E4Qeo #businessinsurance #breachofcontract #errorsandomissions #cyberliability

Additional insured and loss payee are two types of policy endorsements commonly used to extend the named insured’s coverage to a third party. However, the scope of the coverage that each provides is actually quite different. Check out this blog post to learn more about the key differences between the two. ... http://ow.ly/KhPG50E1Yzq #businessinsurance #additionalinsured #losspayee #policyendorsements

Year after year, #cyberattacks continue to increase in both frequency and severity. How can your tech company protect itself from the potentially crippling losses #cybercrimes can cause? Find out in this blog post by our CMO Sean X. that was recently published by Channel Futures. ... http://ow.ly/eudt50DYKia #techstartups #cybersecurity #businessinsurance

Raising Series A funding is no small task. Is your #startup ready? What steps do #founders need to take in preparation for the long and arduous #fundraising process that inevitably lies ahead?... https://www.embroker.com/blog/series-a-fundraising-strategy/ #SeriesA #venturecapital #startupstrategies

#2020 was a difficult year for everyone. However, it did help confirm that the #insurance industry as a whole and our roles as #brokers must evolve with the times. How has 2020 changed the way we approach building insurance products and serving our clients? ... What industry trends can we expect to see more of in #2021 and beyond? https://cutt.ly/Gzbyr8t #businessinsurance #insurtech #insurancebrokerage #industrytrends #2021trends

Employee Fraud Statistics: Fraud causes companies to lose an estimated 5% of revenue every year. One-third of cases occur because companies lack internal controls.... The average fraud case costs a company $1,509,000. A typical fraud case lasts 14 months before it’s detected. One-third of perpetrators commit more than one type of fraud.

Retail Theft Statistics: The average retail theft case costs $1,380 due to dishonest employees. Only 6% of retail theft losses are recovered.... Organizations report a shrink rate average of 1.62%. 44% of retail professionals are allocating more budget towards loss prevention. 29% of organizations consider ecommerce crime much more of a priority. The top three e-commerce crime concerns are identity theft (71%), phishing (66%) and account theft (63%). Retailers with 500 or fewer stores are more concerned with stopping ecommerce fraud.

Today on our blog, we discuss business owners policy vs. commercial package policy. http://bit.ly/2N2lHlg

Costs of Employee Theft... Every year, businesses lose $50 billion as a result of employee theft. Employee theft costs are rising at a rate of 15% per year.... Cash, property, or merchandise are targets of employee theft. People estimate U.S. companies lose 20% of every dollar to workplace fraud.

In one of our latest blog posts, we discuss the types of practices that constitute gender discrimination in the workplace and share what company’s can do to avoid lawsuits related to such claims.

You might have seen the word subrogation in legal documents and business contracts, but what does it mean in the context of business insurance? https://bit.ly/2Tst59y

Learn about why businesses needed auto insurance and what characteristics insurers look at when defining commercial auto insurance costs.

If your team is full-time remote, training or onboarding might look a little different than normal. While pre-COVID onboarding may have included in-person meetings and sessions, many have shifted to virtual.

Last week we released The Embroker 200, a list of startups across over 40 industries worldwide to rank the fastest-growing companies that we believe will fundamentally transform our society. This quote comes from Mike McCarthy, Head of Business Development at one of the startups that made our list, Apto Payments.

To celebrate National Cybersecurity Month, check out this MightyCall article with 7 cybersecurity stats for remote workers.

Rehiring an employee who was let go or furloughed is not always a straightforward process. Remember to proceed with empathy and compassion during difficult times. There are also logistical questions and legal know-how to consider before you reach out to rehire.

If you’re looking to hire new employees, streamline the process with these tips in mind to evolve as the crisis does.

Who made the list?

Wednesday Wisdom: Cyber attacks against law firms are not a new phenomenon, but the rate of incidence and year-over-year growth is staggering. In fact, according to the ABA, up to 42% of law firms between with up to 100 employees have experienced a data breach.

Are you familiar with ACORD certificate of insurance? In one of our recent blog posts, we explain why businesses and insurers prefer to use these documents when showing proof of insurance: https://bit.ly/372IDsy

We’re excited to announce that Embroker is now an exclusive partner of the Carta Inc. Startup Stacka curated list of products and tools to help founders build and scale their companies. Learn more about special offers and discounts: carta.com/partners/startup-stack

Our Senior Account Executive, Tyler Chalk, shares how he came into the world of insurtech and discussed what Embroker is doing to transform insurance.

Workers are postponing retirement more and more, with 67% of workers aged 40-65 claiming that they want to keep working after turning 66.