Surety Bond vs. Insurance

Surety Bond vs. Insurance

What’s the Difference? Surety bonds are an important risk mitigation tool. But it’s important to know that surety bonds and insurance are two different types of tools. The terms “surety bond” and “surety insurance” are often used interchangeably, causing some confusion for consumers. It’s important to note that surety bonds are not insurance. Comparing Surety Bonds & Insurance […]

Ins & Outs of Errors & Omissions Insurance

Ins & Outs of Errors & Omissions Insurance

This article addresses the most frequently asked questions about Errors and Omissions Liability. What is E&O? Who needs E&O? Why do you need E&O? When should you buy E&O? And, where do you find E&O that fits your needs? What is E&O insurance? Errors and omssions (E&O) is the insurance that covers your company, or […]

Directors & Officers Insurance (D&O)

Directors & Officers Insurance (D&O)

The Who, What & Why of Directors & Officers Insurance Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company. The […]

Truckers Insurance 101

Truckers Insurance 101

A commercial truck insurance package has many different parts called coverages. There are different ways to cover the many risks you face in operating your truck. Your coverage decisions will need to be sufficient to protect you from any potential catastrophes. Your livelihood can be taken away in a split second if you don’t have the proper […]

It’s Always Smart To Protect Your Toys

It’s Always Smart To Protect Your Toys

If you are pulling an RV, touring America on your motorcycle, boating on the Great Lakes, or snowmobiling in northern Michigan for the weekend, working with Trustway makes it easy to find an insurance policy for whatever recreational vehicle you may choose for an adventure. Even if there are some recreational vehicles that you may […]

Professional Liability & Property Management

Professional Liability & Property Management

Property managers wear many different hats in the course of their jobs. In addition to overseeing the maintenance, security and overall welfare of the properties they manage, at times they may also function as leasing agents, real estate agents, appraisers, consultants or construction managers. To do so, they must be knowledgeable and up to date […]

Top 10 Threats To Small Businesses

Top 10 Threats To Small Businesses

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards, one gust of wind—or fire or […]

Protect Your Risks With An Umbrella Policy

Protect Your Risks With An Umbrella Policy

  Personal umbrella liability insurance provides an extra layer of protection over your personal assets for when your standard liability coverage is exhausted. Who Needs an Umbrella Liability Policy? You do! Contrary to popular belief, umbrella liability policies are not just for the wealthy. At Trustway, we recommend that everyone consider carrying an umbrella policy. […]

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance

Cyber Liability Insurance As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will only continue to grow. The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. In an age where a […]