April 24, 2023
A recent article from Burns & Wilcox revealed that US recalls reached record highs in 2022, where the food and pharmaceutical industries hit the hardest. This is a worrying trend for businesses in these industries, as recalls can have serious financial and reputational consequences. We’ll explore why having the right insurance coverage is essential in…
April 12, 2023
In the second quarter of 2021, more than 2,000 small businesses were sold. The median sale price was roughly $320,000, up 12% from the same time last year.1 Finding the Value of Your Business As a business owner, ascertaining the value of your business is important for a variety of reasons, including business succession, estate…
April 12, 2023
In 2021, the U.S. had a record 24.5 million millionaires, up from 202 million in the previous year. An increase in personal wealth may bring greater financial flexibility; it may also bring greater liability. Individuals with high net worth, or those who are perceived to have high net worth, may be more likely to be…
