Business Insurance Archives - Otterstedt Insurance Agency

You’ve Been Hacked. Now What?

Written on October 22, 2025.

Cyberattacks on businesses are becoming increasingly destructive. According to IBM’s “Cost of a Data Breach Report 2025,” the U.S. broke records in 2024, with data breach costs soaring to $10.22 million. That’s up 9% from 2023. The report attributed this surge to higher...

Autumn Maintenance Tips for Business Owners

Written on September 10, 2025.

The changing seasons are an excellent time for property inspection and cleanup. You might have missed maintenance issues over the summer. Or maybe the heat and rain brought new issues to the surface. Add these tasks to your maintenance rundown to prevent injuries and damage. Repair...

Protecting You, Always: Our Commitment to Your Peace of Mind Continues

Written on July 10, 2023.

You’ve probably noticed it. You probably read about it. You’ve probably seen it on the news. Insurance rates have been on the rise this year. The reasons for this rise in costs are several and include the following: A large increase in the number of claims for home and auto, mostly...

Year End Insurance Policy Planning and Review

Written on September 27, 2022.

Every business owner needs a comprehensive insurance plan for their business. When an unplanned incident happens, your insurance policies cover a variety of exposures, including property, liability, employer, and more. Without proper coverage, your finances could receive a heavy hit, and you...

Protect Your Business from Data Breaches and Cyber Security Threats

Written on August 8, 2022.

Businesses regularly collect data relating to their company, employees, clients, vendors, partners, and more. Therefore, protecting your business from data breaches isn’t just for self-preservation but also to protect the data of other sources your company uses. Data breaches are...

5 Things Your Business Owners Policy is Missing

Written on June 27, 2022.

If you own a small enterprise and looking for an insurance policy for your business, a business owner’s policy, or BOP, can be a great solution. Below we go over what a business owners policy is, what it covers, its advantages, and things your BOP might be missing. What...

Cleaning and Maintenance Tips to Prevent Insurance Claims

Written on May 31, 2022.

Whether you love the opportunity to clean, inspect, and do some maintenance work around the house, or you find it to be a tedious chore, the value of doing some much-needed cleaning is undeniable. Regularly inspecting and maintaining your house or commercial building(s) is just as...

What is Flood Insurance and Why Do You Need It?

Written on May 9, 2022.

As defined by FEMA, a flood is: A general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more properties (at least 1 of which is your property) from: Overflow of inland or tidal waters; orUnusual and rapid accumulation...

Does a Nonprofit Organization Need Directors and Officers (D&O) Coverage?

Written on March 25, 2022.

Nonprofits often face intense scrutiny about how they use their funds and their method of operations. Where claims are made against directors of a nonprofit, the organization, directors, officers, and trustees can find they are neck-deep in expensive legal procedures, resulting in huge fees,...

Commercial Lines Claim Stories

Written on March 8, 2022.

Having commercial insurance is one of the best ways to protect a business from unpredictable situations. At Otterstedt, we understand that most businesses are always one disaster or lawsuit away from closure. Here are some examples of real-life stories of how we help our clients...