Critical Insurance Needs for the Small Business Owner | NAWBO

Thursday, May 24, 2018 -
12:00pm to 1:00pm

As if it was not hard enough to just focus on running your business....

Insurance and Risk Management is becoming more complex, more expensive and more needed than ever to ensure success of your business.

Cyber-attacks are on the rise - It is not just affecting the big companies that you see on the news. Small business owners and independent contractors are a new target of hackers across the globe.

Professional Liability Claims and Lawsuits - One in Seven businesses risk being sued by a client. Having Professional Liability Insurance in place can help protect your business and insure against the legal defense costs even if you did nothing wrong.

Insurance requirements: Everyone from your clients, contractors, landlord, bank and government entities and regulators are all increasing their demands on businesses to provide adequate coverage.

There is a long list of Insurance programs your business may need from: General Liability, Building and Property, Auto, Fidelity and Crime, Business Interruption, Cyber and Data Breach, Workers Compensation, Directors and Officers, Employment Practices Liability, Health, Key Employee, and many more.

Attend this presentation to learn how to protect and insure yourself and your business.

o What are the basic insurance products a NAWBO member should have in place for their business?o What are the key differences between them
o What to look for in a comprehensive policy for each of the key insurance types
o Is there an advantage to prepackaged Business Owners Policy?

o Risks and policies for businesses run out of your home
o Where to buy the coverages, you need for your business
o Role of technology
o Working with an Insurance Agent or Broker vs. Direct or thru a Purchasing groupo Professional Liability exposures trends
o Cyber and Data Breach exposures
o Role of cyber and data breach insurance
o Why the risk situation is projected to only get worse for small businesses

Featuring Scott Reid, National Director of Affinity Insurance Services for 360 Coverage Pros 

After graduating from Indiana University in 1986, Scott immediately joined the insurance industry and continues to be a leading insurance advocate for associations, trade groups, insurance companies and independent businesses. He is recognized as an innovator in providing innovative insurance solutions to independent contractors and the small business market. He has helped create awareness across multiple industries, concerning the persistent threat of various liability exposures a business owner can face, and how to insure against the types of financial losses that can severely impact the financial success of a company or even put them out of business if not properly insured. He promotes the significance of carrying all types of business insurance and the importance of providing easy, affordable access to the plans through technology and working with purchasing groups and Associations.

He is also a proponent and leader in providing Cyber Insurance as part of a comprehensive small business insurance portfolio – and has helped thousands of business be better prepared for their cyber and data breach exposures. Reid’s unique focus on the small to midsized enterprise market has helped companies across all industries to better understand and deal with the increasing threat of cyber-attacks and data breach events, which are increasingly targeting the independent contractor and small business owner.

Recognized for his ability to translate the technical landscape and complex jargon of business insurance and cyber risks into a context that can be easily understood, he delivers a fast-paced, visual and action-oriented presentation that is designed to help increase the business risk awareness of any audience. His real-world experience and claims examples has helped businesses to take a more proactive approach to dealing with the growing cyber threat landscape.

About Gallagher Affinity

Gallagher Affinity is the industry leader in Association Insurance program administration and affinity marketing and is part of the Arthur J Gallagher & Company, which is the 4th largest insurance broker in the world. Arthur J. Gallagher is a publicly traded company listed on the New York Stock Exchange under the symbol AJG.

Serving as the program administrator, insurance and benefits provider for over 300 national associations and affinity groups, Gallagher Affinity delivers unparalleled industry expertise by providing all administrative support and placement of exclusive insurance and non-insurance benefits and services. All programs are customized to meet the unique needs of the group’s membership and insurance coverages are available for virtually any risk or exposure which can be offered to both individual members or to businesses of all sizes. For more information, visit www.Gallagher-Affinity.com.

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