Murphy Insurance joins The Institutes RiskBlock Alliance

Murphy Insurance Agency is excited to announce its membership in The Institutes RiskBlock™ Alliance, the insurance industry’s first enterprise-level blockchain consortium. Along with 11 other companies, Murphy Insurance joins 30 members working to develop blockchain solutions that will reduce transaction costs, enhance customer experiences, and improve the speed and security of data transfers within the industry.

Top 10 Small Business Insurance Claims

An analysis by The Hartford reveals that four out of 10 small businesses may face property or general liability claims within the next decade, with burglary and theft being the most common. However, the most expensive claim for small businesses involves reputational harm, encompassing issues like libel, slander, and privacy violations.