Risk & Insurance Articles
Recent news, insights and information on risk management and insurance via Roman Galey.
Acquisition Announcement: Advantage Insurance Company
HATTIESBURG, MS., Dec 16, 2019 SouthGroup Insurance Services - Hattiesburg (“SouthGroup”) announced today the acquisition of Mississippi-based Advantage Insurance Company. The transaction became effective December 1, 2019. Advantage Insurance Company is a property...
Emerging Risk: Digitalization
Business is evolving at the speed of technology. As more businesses embrace the benefits that go along with digitalization, it is imperative that you also explore the risks that go along with increasing digitalization in your business and create effective risk...
Real Estate Risk Management
Real Estate Risk Management While real estate is often a wise investment, it can be tricky business. There are just so many things that go wrong when investors, like you, seek to make long-term investments in real estate. The better you understand those risks, the...
Political Risk Examples
Every day businesses take risks that will hopefully reap big rewards. The problem is taking those risks may not provide the desired results. That is where political risk insurance can help. Political risk insurance is designed to protect your business when certain...
Political Risk Management | Cybercrimes
Political risk management, like all other types of risk management, begins with one simple concept. Prevention. Unfortunately, that isn’t where it must end in order to be effective. But thoughtful prevention does lay the groundwork for an effective risk management...
How to Choose an Insurance Agent in Hattiesburg, MS
Finding the right insurance agent in Hattiesburg, MS requires a little more than checking out the local advertisements. There is a certain level of trust you must associate with someone advising you about something as intimate and important as insurance and the steps...
Insuring a Startup Business
When you open a new business, you quickly realize that you spend most of the time “putting out fires,” rather than implementing the steps of your business plan. The chaos that typically defines a startup diverts your attention from building the business, and in doing...
What Does Political Risk Insurance Cover?
I want to share with you a recent blog post that I did regarding political risk insurance. You may ask yourself, how does political risk insurance affect me? Let me actually start by asking this question. What do North Korea, Iran and Venezuela all have in common? All...
Common Real Estate Risks
Real estate is a business where risk is ever-present. The most common real estate risks often involve unknown factors about the condition of the property and the instability of the real estate market. In some cases, especially if you are purchasing rental properties,...