Strive Insurance Group, Inc. | Home, Auto, Business & Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
    • Life Quote
  • Auto
  • Business Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
    • Life Quote
  • Auto
  • Business Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Life Sciences Insurance

1/19/2021

0 Comments

Top Business Insurance Risks For 2021

 
Picture
While these are responses from large corporations, we take away many applications for medium and small businesses. Here are some of the risk issues for 2021. According to a recent AMEX survey, 92% of businesses pivoted last year, and 76% of small businesses believe they will need to pivot again in 2021. The 2021 pivot may have a different nature, however. 2020 pivots were mainly adjustments to shock changes in customer demands due to safety measures.
  1. Cyber Liability- Cyber liability and data theft is one of the hottest topics for businesses, risk managers, and insurance companies.
  2. Employee Safety- Making sure your business follows all COIVD compliance protocols will be a top priority.
  3. Remote workers- In 2021, remote working and safety measures should become more routine. How businesses recruit, onboard, train, and terminate employees has changed, some say permanently. How businesses are dealing with employee burnout, talent management, and allocating will need to be addressed.
  4. IT security- Remote workers will require new IT protocols.
  5. Slow economic recovery- Businesses will need to do planning to manage the recovery in 2021.
  6. Government mandates and regulations - There continues to be increased oversight from the government in healthcare and financial reporting that creates new risk and liability for businesses.
  7. Political and Civil Issues - As seen in 2020, political and civil issues have a direct impact on many small businesses. Having the right kind of business insurance is important to protect your business in the event of civil riots.
  8. Business Interruption - If your business has a loss and you are unable to operate for a period of time, you will need financial resources in order to get back in operation. You may even need to continue payroll for a period of time. Business interruption insurance can provide these resources.
  9. Class actions and COVID-19 cases- This year has also seen the first class-action lawsuits directly related to COVID-19. Examples include lawsuits against cruise lines that suffered coronavirus outbreaks, as well as suits regarding the business impact of COVID-19 on companies’ financial performance or operations and misrepresentations about COVID-19-related therapies.
 Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.

We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.
 
Sources: Forbes, Insurance business

0 Comments



Leave a Reply.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    January 2022
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016

    Categories

    All
    Architects And Engineers
    Auto Insurance
    Bio Tech
    Boat Insurance
    Business Insurance
    Commercial Insurance
    Cyber Laibility
    Flood Insurance
    Holiday Safety
    Home Business
    Home Insurance
    Life Sciences
    Personal Insurance
    Product Liability
    Professional Liability
    RV Insurance
    Toy Insurance

    RSS Feed

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not to be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher. Privacy Policy.​

​Strive Insurance Group, Inc. | 701 N. Central Expressway Bldg 1|Richardson | Texas | 75080 | 866.538.8174
Photos used under Creative Commons from Randy Heinitz, dhublimited, Gamma Man, Nguyen Vu Hung (vuhung), roarofthefour, propertysnaps, Ada Be, Mire de rien