October 30, 2026
millerinsWhat is the difference between an admitted and non-admitted insurance company?
The main difference is state regulation and financial oversight. Admitted Insurance Company An admitted carrier is licensed by the state insurance department to do business in that state. Advantages: Subject to state regulation, rate approval, and policy form review. Financial solvency is monitored by the state. Policyholders are generally protected by the state’s guaranty fund […]
August 19, 2026
millerinsPreventative and pro-active tips for businesses to avoid costly claims
Preventing claims is one of the best ways to keep insurance costs down and protect a business’s profitability. A strong risk management program can reduce accidents, lawsuits, property losses, cyber incidents, and workers’ compensation claims. General Business Risk Management 1. Develop Written Policies and Procedures Create clear safety, HR, operational, and security policies. Review and […]
July 7, 2026
millerinsShould I buy earthquake insurance for my home?
Whether you should buy earthquake insurance depends on three factors: Your earthquake risk Your ability to absorb a major loss The cost and deductible of the policy Consider buying earthquake insurance if: You live in an area with meaningful seismic risk. Your home is your largest asset. Rebuilding or repairing major damage would be financially […]
June 11, 2026
millerinsWhen would my business need professional liability insurance?
Professional liability insurance (also called errors & omissions (E&O) insurance) is important when your business provides services, advice, or expertise that clients rely on. You would typically need it in situations where a mistake—or even an alleged mistake—could financially harm a client. Here are the key times and scenarios when it makes sense: 1. You […]
March 4, 2026
millerinsHome-Based Business: Am I Covered Under My Homeowners Insurance?
Running a business from home has never been more common. Whether you’re crafting products in your spare bedroom, consulting from a home office, or storing inventory in your garage, many entrepreneurs assume their homeowners insurance will automatically cover their business activities. Unfortunately, that’s usually not the case—and the gaps can expose you to significant financial […]
January 16, 2026
millerinsReal Cases, Real Rewards
Billion-dollar jury awards aren’t just big headlines – they’re a growing threat for businesses of all sizes. In fact, mega-nuclear verdicts, awards that exceed $100 million, have increased by 61% year over year.* Product liability is the leading category, making up 1 in 6 of 2024’s Top 100 verdicts. Large jury awards are no […]
December 10, 2025
millerinsWe all hope that “what if…?” never happens. This is just in case it does.
You’re used to handling challenges and making things happen. But sometimes, you find yourself in a situation you didn’t see coming. Liability risks can come in many forms, and some can be serious. If a big loss goes over what your regular liability insurance covers, a commercial umbrella policy can help. Coming Through When Other […]
October 21, 2025
millerins6 Forces Driving Commercial Auto Insurance Costs
Over the past decade, auto insurance rates have increased steadily, well exceeding the rate of inflation over the same period. But what’s driving this upward trend? Explore factors that have significantly impacted the rates for commercial auto. 1. Bodily injury loss costs Bodily injury severity had a sharp trend upward, increasing 9.2% from 2023 to […]
October 14, 2025
millerinsHow Social Inflation is impacting auto and home insurance premiums
What is social inflation? In short, social inflation refers to the phenomenon where the cost of insurance claims (especially liability claims) rises faster than general economic inflation, driven by legal, societal, and behavioral trends rather than just price increases in goods or services. eforum.casact.org+3NAIC+3Swiss Re+3 Some of the drivers include: Larger jury awards (including “nuclear […]
August 5, 2025
millerinsWhat does it take for an independent insurance agent to provide insurance quotes versus getting a quote in 5 minutes or less?
The difference between an independent insurance agent providing quotes and getting a quote in “5 minutes or less” (like you see advertised by online insurance companies) comes down to a few key factors: technology, data access, carrier relationships, and process automation. Here’s a breakdown of what it really takes for an independent insurance agent to […]