Business interruptions have become increasingly common in the past few years. Having a risk management plan that minimizes the impact on your firm is now more important than ever. Between the COVID-19 pandemic, supply chain shortages, labor force disruptions, and global unrest, it’s now harder than ever to predict what could affect your firm, its employee...

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Authored by Sara Weathers The COVID-19 pandemic exposed many weaknesses in the world when it comes to communicable diseases. While the world is still recovering from COVID-19, firms need to be thinking about the next one, so they can be adequately prepared. Firms need to be sure that their risk management plans are up to date to protect both their busines...

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At AdvoCap Insurance Agency, Inc., we are excited to let you know that we now offer Notary Bonds and Notary E&O Insurance. As all of our friends at law firms know, there are many transactions and circumstances that need a notary public. If your firm already has a notary that needs to renew its commission or is considering getting someone at the firm a...

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Authored by Sara Weathers Climate change and the natural disasters that come with it are becoming costly for insurance companies. According to a recent Insurance Journal article, the total insured damages in 2022 cost $120 billion. Insurance is meant to give its customers comfort that they are covered when disasters hit by paying small premiums but when m...

Read More About How Climate Change is Affecting the Insurance Industry

Authored by Sara Weathers A recent Insurance Journal article stated that natural disasters in 2022 caused $313 billion in damages, with only $132 billion covered by insurance. 2022 comes in as the fifth most expensive year for insurers. Around 42% of the damages were covered by insurance, which converts into a protection gap of 58%, currently the lowest g...

Read More About Global Insured Losses in 2022