Open enrollment is a period of time each year when employers permit new employees to enroll in a health plan and allow current employees to make changes to their existing medical coverage. During open enrollment, employees may decide to change plans, add or drop a...
Cyberattacks are becoming more frequent and complex, and businesses of all sizes and industries are potential targets. In fact, cybercriminals increasingly go after small businesses since they contain much of the same types of sensitive information as larger...
With so many different types of insurance to choose from, it can be overwhelming to determine what type is best for your small business. Bates Hewett & Floyd Insurance Agency is here to help explain the types of insurance policies available and how they can help...
Like many other sectors of the economy, the commercial insurance industry experienced changes to both its market cycles and operating procedures in the last 12 months. Specifically, hard market conditions somewhat started to ease, a contrast from recent years. This...
As an insurance buyer, you may have heard the term “social inflation” used by your insurer to explain the factors driving up the cost of coverage in today’s market. In general, social inflation refers to the rising costs of insurance claims that are a result of...
Cyber incidents—including data breaches, ransomware attacks, and social engineering scams—have become increasingly prevalent, impacting organizations of all sizes and industries. Such incidents have largely been brought on by additional cyber threat vectors and...
