First Volunteer Insurance Blog

Cyber Liability Insurance – Ransomware Protection What You Need To Know

The cyber insurance market is at a critical juncture for both insurance carriers and policyholders. While the last few years have seen increased competition among cyber insurance carriers, higher capacity and expanded coverage terms, both 2020 and 2021 saw a rapidly hardening cyber insurance market, globally and here in Eastern Tennessee. Across industry lines, cyberattacks—namely,…

Read More

The Rising Cost of Commercial Auto Insurance

Over the past decade, the commercial auto space has been challenging and largely unprofitable for insurance carriers. According to a recent report from AM Best, commercial auto underwriters saw more than $22 billion in underwriting losses between 2011 and 2020. This is despite underwriters increasing commercial auto premium pricing for 41 consecutive quarters, dating back…

Read More

Don’t Get Caught Short … Stay Ahead of the Curve!

For this month’s blog, we here at First Volunteer Insurance of Eastern Tennessee would like to bring you an update on two basic, but important segments of insurance; commercial property and general liability. There are some important trends in each that when analyzed, could save you money, increase your coverage and protection, or both. Regardless…

Read More

Trends to Watch in 2022

At First Volunteer Insurance, we often examine how outside influences and trends affect the insurance marketplace here in Tennessee and around the world. Businesses should follow suit to determine what factors impact their insurance coverage. For 2022, there are a number of sweeping market developments to consider, so we have outlined a few here for…

Read More

Managing Projected Construction Worker Shortages in Tennessee

Happy New Year from all of us at First Volunteer Insurance of Eastern Tennessee. And not to be a complete Debbie Downer, or rain on the bright outlook for 2022, but we always believe in keeping it real here at First Volunteer, so we need to share an item of some concern with our readers.…

Read More

Another Year Behind Us … And A Few Business Tips For December

As 2021 comes to a close, we here at First Volunteer Insurance of Eastern Tennessee have a few pieces of business advice we’d like to share. In this months’ blog we’ll look at: ● Continuing cyber threats to small business ● Holiday Party Liability Cyber Threats to Small Businesses Small businesses here in Tennessee are…

Read More

Employers, What You Should Know About Covid-19 Vaccines

Introduction: The COVID-19 pandemic has been wreaking havoc in the United States for over a year and a half at this point. Now that vaccines are finally here. There is a lot of information on the internet regarding the vaccines, some of which may be misleading. It’s important for employers to learn the facts about…

Read More

Structural Issues and Aging Buildings

Advice from First Volunteer Insurance on avoiding costly safety issues. While modern building codes and structural engineering have made buildings much safer today, facilities managers must maintain a high level of upkeep for them to remain that way. As buildings age, they can lose their structural integrity. As such, if simple repairs are left unattended,…

Read More

The Impact of The Surfside Building Collapse on the Condo and Apartment Building Industry

The Florida Surfside building collapse tragedy has left widespread Impact on the condo and apartment Industry. Following the partial collapse of a high-rise condominium complex in Surfside, Florida, which resulted in significant fatalities and injuries, government officials and insurers are calling for more stringent building inspection measures to prevent future incidents. Review this information from…

Read More

Cyber Damage and Liability; Is Your Business Covered?

Today, many firms rely on their normal property and liability coverage, rather than a standalone cyber insurance policy to defend themselves against cyber catastrophes. These attacks have been on a steady increase throughout the last decade, and yet, according to a recent survey by the Insurance Information Institute, more than half of businesses (59%) lack…

Read More