Business owners know that having insurance is essential. Without it, they have to pay costs associated with property damage, lawsuits, and other incidents out of their company’s revenues or savings. And the unfortunate reality is that a single issue can create an expense that’s thousands of dollars, tens of thousands, or more. Still, they want to keep the cost of their financial protection as low as possible and wonder, “How is an insurance premium calculated?”

One of the great things about business insurance is that you can control your costs when choosing your coverage. That’s mainly because providers offer flexibility in setting your policy limits and deductibles. These features affect your costs in different ways and can be fine-tuned to ensure you have the protection you need at a price you can afford. But what exactly are insurance limits and deductibles?

Business competition today is fierce. Consequently, creating and sustaining a strong company culture is more than just a perk—it's a necessity. A positive, thriving work environment can attract and retain top talent, boost productivity, and foster a sense of belonging among your team members.

As a business owner, you might have situations where your operations change, and you wonder: Can I cancel my insurance anytime? That’s an excellent question! It’s crucial that your business has all the financial protection it needs, but, of course, you don’t want to pay for coverage that’s no longer necessary.

Have you heard of employer’s liability and workers' compensation coverage? Both relate to workplace injuries, health issues, or fatalities, but they serve different purposes and protect different parties. If you’re a business owner, it’s important to understand the protection provided by employer’s liability insurance vs. workers’ compensation insurance.

You’ve started your small business, and revenue is coming in. That’s great news! Nothing feels better than seeing your dream become reality. But you probably want your business to do more than just survive—you want it to thrive. So, now that you’ve established your brand, it’s time to use some proven business growth strategies to kick things into overdrive!

Dictionary.com defines ethical as “being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession.” At biBerk, being ethical in our interactions with customers and business partners is a top priority. So, we’re thrilled to say that we’ve earned a Torch Award for Ethics from the Better Business Bureau of the Midwest Plains!

If you own or operate a business, you want your days to go as smoothly and predictably as possible. Unfortunately, the weather doesn’t always cooperate. That’s why insurance for storm damage is essential. It can help you get past severe weather events with minimal expenses and business disruption.

Every business—large or small—faces risks. From lawsuits to employee injuries to property damage, the threat of an unexpected expense is always out there. Fortunately, commercial insurance can protect your company. What is commercial insurance? What does it cover? Where and how do you get it? This guide answers these and other crucial questions business owners ask.