Farris Insurance News

A new report from Beazley insurance company has found the top factors and top asks when it comes to buying business insurance. According to the Risk and Resilence report, businesses are looking for financial protection, risk insight, risk management-related services, and flexible coverage that meets their changing needs. Top Five Factors When Buying Business Insurance …

Ransomware has become a substantial business risk in 2021. Major attacks have been disrupting businesses, from pipelines to meat packaging.  No matter the size or industry, companies need to think about steps to take to secure themselves against cyber criminals. Some of the key actions that businesses can take include: Implementing a security awareness program …

Here in Northwest Arkansas, we always have the potential to experience a lot of rain in a short amount of time. Heavy downpours bring threats of flash floods and storm-related power outages. Because of these threats, you need to make sure your Flood Insurance is intact and up to date. And there may be some …

You’ve booked your business appointments. You’ve found the best deals on your hotel booking app. You’ve gotten a new passport size photo to update your travel documents. You may have even searched for “resorts near me” on Google. Now there’s a new must-have item to add to your travel checklist: travel insurance. According to Reuters, …

Experts say the impact of the Suez Canal crisis on companies around the world could last for weeks. The crisis highlights the importance of specialty insurance products like business interruption insurance and supply chain insurance. The 1,300-foot-long, 220,000-ton Ever Given ran aground on March 23, 2021, after losing the ability to steer amid high winds …

February 2021 saw a record-setting winter storm in Northwest Arkansas and across much of the central U.S. Freezing temperatures posed a risk to both lives and property. Officials in our neighboring state of Tennessee have shared some insurance claim information to help consumers know what to do in case of home or automobile damage as …

A small change to the tax code that went into effect on January 1, 2021 could have a big impact if you’re looking to buy permanent life insurance. The year-end spending package approved by Congress and signed by the former president lowers the minimum interest rate for permanent life insurance policies. The change could potentially …

“Now, where did we put those documents?” This is probably a question that has crossed your mind in the course of doing business. In the case of insurance documents, the answer becomes critical when something goes wrong. Having quick access to your business insurance documents can sometimes be essential to helping you get your claims …

If you’re a small business owner, your business and personal assets need protection from the unexpected costs of running a business. Those include accidents, natural disasters and lawsuits. In some cases, insurance is legally required. The US Small Business Administration has put together a guide to insurance for small business owners. Here are some of …

As more businesses large and small have moved parts of their operations online during the COVID-19 pandemic, employees have become increasingly vulnerable to online scams like phishing attacks. According to the Federal Trade Commission, scammers often use email or text messages to trick you into giving them your private information. Scammers may try to steal …

You’ve developed your network. You’re an expert in your field. You’ve filled your portfolio with client success stories. And now you’re ready to take the next steps and become an independent consultant or the owner of a consulting business. But how do you make sure your hard work is protected against risk? One of the …