commercial insurance

Top Small Business Challenges of 2022

Owning your own business has been an important part of the American dream for decades. Many people dream of pursuing their passions and seeing the pride of a business they’ve built themselves.

That being said, owning your own business is far from all sunshine and roses.

Being a small business owner is hard, and 2022 is bringing with it a whole new set of challenges. Read on to learn about some of the small business challenges entrepreneurs can expect to face this year.

Coronavirus: Commercial Coverage FAQs

Hummel Group recognizes the unprecedented questions the coronavirus (COVID-19) outbreak is raising for our clients, particularly questions related to business income and event cancellation losses and how policies will respond to these incidents. While one answer does not fit all circumstances, Hummel Group will take the appropriate steps to work with your insurance carriers to evaluate the coverage for a coronavirus-related claim under any insurance policy in a timely manner.

Insurance Requirements for Home-Based Businesses

One of the smartest moves a business owner can make is obtaining insurance to protect his business assets. Even home-based businesses need the protection that insurance can provide. The type of coverage you choose will depend on the type of home business you run, its scale of operation and the risks you face for financial loss. Here’s what you should know about insuring a home enterprise.

Can Military Action Affect Insurance Prices?

The U.S. involvement in conflicts around the world is bound to bring about questions and feelings of uncertainty. The possibility of additional military action abroad has had a few clients ask us about its affect on insurance pricing. The simple answer is, military conflict has no to little effect on U.S. insurance prices, especially in the short-term.

Transportation Risk Specialists - What Are They?

You may notice that some insurance agents have the letters “TRS” next to their name. TRS stands from Transportation Risk Specialist. The designation indicates that agents have gone through specialized training, evaluation, and work experience to develop specific expertise when it comes to understanding and serving the needs of the trucking & transportation industry.