Tag Archives: Business Insurance

Marathon Bombings Underscore Need for Terrorism Insurance

By Richard A. McGrath, CIC, LIA While the loss of life and injuries resulting from the Boston Marathon bombings are a great tragedy, the bombings caused another tragedy that understandably receives less attention – many businesses suffered significant losses as a result of the bombings and some may not be properly insured to cover the […]

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Even If You Live Inland in Massachusetts, Hurricanes Can Damage Your Property

By Richard A. McGrath, CIC, LIA That Hurricane Isaac was no Katrina is little consolation to the 13,000 homeowners whose homes were damaged or destroyed by the recent hurricane. Damages from Isaac could top $1.5 billion.  That’s small in comparison with Hurricane Katrina, which caused $81 billion in damages in 2005, according to the National […]

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Insuring the Survival of Your Family Business

By Richard A. McGrath, CIC, LIA Massachusetts Family Business Your business may be successful today, but will it succeed you? Most businesses don’t last past the first generation. Fewer than a third of family businesses survive into the second generation, only 12% survive into the third generation and a mere 3% make it to the […]

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Putting A Well-Reasoned Perspective On The Value of Insurance

By Richard A. McGrath, CIC, LIA To understand the benefit of insurance, imagine a world without insurance. Not having insurance to help you manage the risks you face every day would have a negative impact on just about every facet of your life.  Consider just a few examples: Healthcare Our healthcare system today is expensive, […]

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