Digital.com Announces Best Business Insurance Companies of 2021 | State News

SEATTLE, Wash., Aug. 16, 2021 /PRNewswire-PRWeb/ — Digital.com, a leading independent review website for small business online tools, products, and services, has announced the best business insurance companies of 2021. The top firms were evaluated based on coverage types, claims process, and customer support.

Each provider was expected to offer a variety of coverage options, including general liability, commercial property, and workers’ compensation. Research experts at Digital.com also examined insurers with flexible ways for clients to file and track claims. The study prioritized companies that provide 24-hour customer service with timely and helpful support.

“Business insurance is a cost-effective way to cover expensive damages or legal claims,” says Christelle Feniza, Communications Manager of Digital.com. “This comprehensive guide can help small businesses and startups narrow their search for the best providers.”

Best Business Insurance Companies of 2021

Digital.com reviews and compares the best products, services, and software

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Mutual Benefits Strengthens Retail Insurance Base Through Strategic Alliances

Ebere Nwoji

Mutual Benefit Assurance Plc has said that it has resolved to strengthen its retail insurance market through strategic alliances and partnerships with relevant organisations and sectors that would carry its products to the doorsteps of average Nigerians.

To this effect, the company, recently at its periodic retail team training and retraining programme sealed a partnership deal with a Health Management Organisation (HMO) known as Life Partners to provide health care services to its clients.

Speaking during the training programme, the Managing Director/CEO, Mutual Benefits Assurance, Mr. Ademola Ifagbayi, said Mutual Benefit, in organising the periodic retail team training and programme, wished to create value by designing products that will add value to existing products the company has already pushed to the market.

He said the underwriting firm was partnering a friendly Health Management Organisation; Life Partners to push its two existing life insurance products Term Assurance and Loss

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Long haul for complicated workers comp COVID-19 claims

Long-term health issues following a COVID-19 diagnosis will likely affect the workers compensation industry indefinitely now it is considered a disability by the federal government, experts say.

The Office for Civil Rights of the Department of Health and Human Services and the Civil Rights Division of the Department of Justice in July provided joint guidance on what is referred to as “long COVID,” which it describes as a list of symptoms that are known to exist among COVID-19 patients who have overcome the initial infection. Such symptoms include fatigue, chest pain, shortness of breath, joint or muscle pain, and difficulty concentrating.

“We’re in the long haul,” said Beth BurryJackson Richmond, Virginia-based senior vice president of case management for Sedgwick Claims Management Services Inc., of the complicated scenario of managing COVID-19 claims with long-term symptoms.

Symptoms are diverse, require care from different kinds of practitioners and much coordination is

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Amazon to pay shoppers hurt by others’ products

(Reuters) — Amazon.com Inc. on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation.

It also announced Amazon Insurance Accelerator, a network of insurance providers that sellers can access if they choose, and an updated policy requiring more merchants to obtain product liability insurance. Amazon itself is not offering this insurance, it said.

For years, consumers have sued the world’s largest online retailer, arguing it is liable when a merchant sells bad products on Amazon.com. A woman in Pennsylvania, for instance, in 2016 sought to blame Amazon for a merchant’s retractable dog leash that blinded her eye when it snapped.

Amazon maintains that sellers themselves are responsible, and most courts have ruled in its favor. A state appellate court in California, however, last year said it could be liable for

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Making Business Insurance Simple with Zensurance

 

Credit: iStock

Business insurance can be overwhelming—Zensurance offers a new, digital solution that will simplify your life and clear your mind.

Maybe you’re a small business owner reopening after COVID or an entrepreneurial spirit looking to make your side hustle into a full-time gig. You might even be a long-time business owner looking to make a change in the marketplace—in any case, you’re going to need business insurance that fits your needs.

When it comes to purchasing business insurance in BC, like many aspects of business (and life), true success comes with understanding what you might not know and asking all the right questions.

For example, business owners may not know that their home insurance policy does not cover those who operate the business from their homes.

Business Interruption Insurance is a solid buy because it covers the loss of income that a business may suffer after a

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NEXT Insurance Participates in Amazon Insurance Accelerator

PALO ALTO, Calif., Aug. 10, 2021 /PRNewswire/ — NEXT Insurance, the leading digital insurtech company transforming small business insurance, today announced it is participating in Amazon Insurance Accelerator, providing Amazon sellers looking to buy insurance with instant quotes at competitive rates, directly within Amazon Seller Central. NEXT is the only US-based carrier currently participating in the initiative, further building on its partnership with Amazon Business Prime, NEXT’s fully digital, customized e-commerce General Liability coverage also provides sellers with instant, automated Certificates of Insurance (COI) and seamless online claims resolution processes.

“The pandemic ushered in a tremendous amount of innovation and growth for small business e-commerce strategies and access to simple and affordable insurance to protect their livelihood is more important than ever,” said Guy Goldstein, CEO of NEXT. “NEXT’s digital insurance products are easily embedded into the software systems that small businesses regularly use to run their

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Business Insurance 101 Introductory Guide

There are many things that we have to think about when we are just planning to start our business and also in maintaining it to keep it alive and running. Joining the business industry is an everyday cutthroat competition. You must do everything to survive and continue to have your customers and supporters. Owners think about lowering their price, having promo deals, discount days, sale days, and even gimmicks like hiring celebrities for endorsements and commercials. 

It is the things that business owners do to protect their respective businesses, they make a partnership with other businesses. Another way to protect your business, not against other competitors but against any future financial loss, is to have it insured through the best and most suitable business insurance plan for it. As beginning entrepreneurs, you may ask yourselves what is business insurance and how is having one beneficial for your business? 

Business Insurance:

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Woligo Partners with INSURICA to Provide Business Insurance for Self-employed Workers and Small Business Owners

Partnership Will Provide Professionals with Quoting and Counseling

OKLAHOMA CITY, OKLAHOMA, UNITED STATES, August 4, 2021 /EINPresswire.com/ — Woligo has teamed up with INSURICA, a Cameron Group partner, to offer business insurance options such as General Liability, Professional Liability, and Cyber Insurance. Woligo’s platform offers a variety of insurance, benefits, banking, and retirement solutions to independent workers and small business owners.

“Self-employed individuals and small business owners have a variety of insurance needs,” said Jennifer Dunn, Woligo Venture Manager. “We are very excited to collaborate with our sister company to provide these professionals with agent-assisted quoting and counseling.”

INSURICA CEO, Mike Ross, said he sees the new partnership as a reflection of INSURICA’s core value of Innovation.

“This new partnership with Woligo represents an important step for INSURICA,” Ross said. “Innovation is at the heart of everything we do here, and we see Woligo as a kindred spirit

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Insurance industry most frequent focus of ransomware: Report

The insurance industry was the most frequent focus of ransomware attacks in the first half of this year, while the overall number of cyberattack incidents increased 125%, according to an Accenture PLC report released Wednesday.

The report from Accenture’s cyber investigation, forensics and response unit is based on data obtained from Accenture clients.

Ransomware was the most frequent malware by category, accounting for 38% of attacks, followed by backdoors, which allow criminals to bypass normal authentication channels and gain remote access, which accounted for 33% of the total, the report said. 

Insurance accounted for 23% of the ransomware attacks by industry, followed by consumer goods and services (17%) and telecommunications (16%), according to the report.

Fifty-four percent of ransomware attacks were against companies with between $1 billion and $9.9 billion in revenue, followed by companies with between $10 billion and $20 billion in revenue, at 20%.

“Despite heightened awareness, government

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Nigeria loses N530bn yearly to motor insurance evasion | The Guardian Nigeria News


Only 1.2m of 11.8m vehicles have third-party insurance

Although Nigeria has about 11.8 million registered vehicles plying the roads, only about 1.2 million of such vehicles have valid insurance.

The implications are that the nation’s insurance industry may be losing about N530 billion due to the unwillingness of motorists to register their vehicles, statistics available to The Guardian have shown.

The development, according to stakeholders is worsened by the inability of insurance companies to honour claims on the third party insurance that is predominant in the country.

Some insurance shareholders, however, argued that unless the companies obey the rules guiding the industry, vehicle owners might continue to shun motor insurance policies.

According to them, ‘’it is actually pathetic that Nigeria continues to lose money that would have actually impacted on the economy in several ways, especially in job creation, as vehicle owners presently prefer not to take insurance policies but

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