In 2018, alcohol sales in the U.S. reached an astonishing $253.8 billion (The Drinks Business). This was a $12.4 billion increase from 2017. Aside from a lot of zeros, these figures mean a huge opportunity for the liquor liability insurance industry. Anyone in the business of selling, serving or distributing alcohol has a need for…

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According to 2018 National Association of Realtors research, 30% of vacation property owners and 32% of investment property owners planned to rent their homes as short-term rentals last year. As the number of properties rented on a short-term basis continues to rise, policyholders need to ensure they have adequate coverage. Coverage needs will vary depending…

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The food industry is growing rapidly throughout the U.S. Many people dream of opening their own restaurant to serve their creative dishes to the public, and one way these self-starters achieve their goal is by first opening a food truck or serving food from a cart. In fact, the value of the U.S. food truck…

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According to a recent McKinsey & Company article, “Personalization — or reaching customers with targeted messaging, offers, and pricing at just the right time — is the future of insurance marketing.” This, however, can be a daunting task, especially with all the marketing avenues available today. The article mentions that companies of any size can…

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Privacy has become a front-and-center issue for consumers and businesses over the past couple of years. Huge concerns have emerged about how companies protect or fail to protect consumer data. While criticism has brewed over Google’s and Facebook’s lax privacy protections for years, the situation came to a head with the Facebook/Cambridge Analytica scandal that…

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According to Shorr Packaging Corp., 54 million tons of freight move across the U.S. every day. Furthermore, the U.S. Department of Transportation projects that by 2040, 29 billion tons of freight will be transported every year, mostly on the back of a truck. Many experts attribute the rise in shipping to the so-called “Amazon effect,”…

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With more than 88 percent of businesses in the U.S. using social media to promote their company, business owners are clearly using platforms like LinkedIn, Facebook and Twitter to reach their customers. It can be tough to measure the impact of social media on a business, which is why some business owners hesitate to build…

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A 2017 study directed by Training magazine found that companies spent over $90 billion on training; this was a 32.5 percent increase year-over-year. A total of 125,338 companies were a part of the study, which averaged out to about $76,000 a year spent on training or maintaining their employee needs. If you are like most…

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