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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Cyber Liability Insurance to protect against data breaches and cyberattacks. If your expansion involves additional digital operations, such as online sales or customer databases, cyber liability insurance can help. Inland Marine Insurance to cover heavy equipment or machinery. This coverage is required in most states.

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

Specialization: Brokers typically offer a broad range of standard insurance products, while MGAs specialize in niche markets like cyber liability, HOA insurance, and high-risk commercial properties. MGAs operate as an extension of specific insurers.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks. – Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance. Assess whether there’s a need for: – Cyber Insurance for data breaches and cyber threats. – Inland Marine Insurance for transporting equipment and goods.