Steers Insurance Blog

OTC Insurance is pleased to share that Shannon Vaughan has earned her Management Liability Insurance Specialist (MLIS®) certification from IRMI.

Having an online presence is important for many small businesses to do to stay current and be successful. One issue with being online is the risk of cyber threats. Do you have a small business and are worried about threats while online? Here are nine tips to have on hand to protect your business.

Did you know October is Cyber Security Awareness Month?

Business insurance protects against potential risks and/or losses businesses can experience so they do not have to cover it themselves out-of-pocket.

On a construction site or work site, there are a lot of moving parts, including all of the contractors, subcontractors, and tradespeople that are essential to any project. No matter what kind of trade you work in, you are critical to getting the job done. But you are also responsible if something goes wrong. Risks, exposures, and liabilities for contractors have changed over the years and could leave you unprotected if something goes wrong. Read on to find out what is essential when keeping people and workplaces safe where fire protection and hot work are concerned.

You may have seen the terms, Bid Bond, Surety Bond, Security in Tender Documents, but what does it mean.  What are Bonds?  How is this different from Insurance?  

What are Surety Bonds? 

Risks, exposures, and liabilities for contractors have changed over the years, and could leave you unprotected if something does go wrong. Let’s have a closer look at Commercial Vehicle and Contractors Equipment Risk Management. 

Each construction project comes with its own special requirements and challenges.  And, the window of unpredictable events that could disrupt your new build could turn your creation into ruin.  Are you sure that your insurance program has the proper coverage while your building is in the course of construction?

Insurance industry cycles are believed to last from two to ten years and are usually affected by world events and natural disasters. Unsurprisingly, the COVID-19 pandemic has caused a hard market for commercial underwriters.