While commercial property insurance policies are designed to protect businesses from financial losses caused by damage or destruction to their property, it is often unclear whether they will cover vandalism. Vandalism can be a severe issue for businesses, particularly those in high-crime areas or with valuable assets that thieves or vandals may Read More
Multi-factor Authentication for Cyber Insurance: What You Need to Know
The right cyber insurance policy can protect your business from financial losses associated with cyberattacks. Per the Insurance Information Institute (III), a standard cyber security policy covers the costs required for system recovery, notification, liability, regulatory fines, and legal expenses, among others. It's worth noting that insurers Read More
Does Your Insurance Cover E-Bikes and Scooters?
26August,2021
By Hoffman Brown Insurance | Are electric bikes covered by insurance?, Do you need to insure an electric scooter?, Is insurance compulsory for electric vehicles? | No CommentsScooters and e-bikes are an excellent means of transport for those who wish to get to places a little faster while saving on money. E-bikes are particularly fun, and if you'd like to incorporate exercise into your daily routine, riding these gets you closer to your fitness goals. However, electric bike insurance isn't something that many people Read More
A Guide to Wildfire Insurance in California
13May,2021
By Hoffman Brown Insurance | homeowners coverage during wildfire, wildfire insurance | No CommentsMajor wildfires occurring in different states, including California, have historically left mass destruction in their wake. They don't just destroy forests; they also burn down homes. Since wildfire insurance can help after such a tragedy, you may be wondering if it's part of your homeowners coverage. Read on to learn about insurance policies Read More
Insurance Scam: Beware of False Agents and Fraudulent Policies
18March,2021
By Hoffman Brown Insurance | Fraudulent selling of life insurance, Insurance Fraud Examples and List, Insurance Frauds | No CommentsBetween 2000 and 2002, unsuspecting Americans bought more than 200,000 fraudulent health insurance policies worth over $250 million from unlicensed insurance brokers, as reported by the federal government's General Accounting Office. It is worth noting that insurance fraud is also common in the life, business, and homeowners insurance categories. Read More
Glossary of Terms
19August,2014
By Hoffman Brown Insurance | | No CommentsActuary An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different Read More
