Category: Industry Insights

5 Essential Reasons Why Your Business Needs Insurance

Post author By Heather
Post date May 26, 2025

As Memorial Day kicks off the summer rush, small businesses across the country are prepping for seasonal surges, pop-up events, and patriotic promotions. While you’re focused on driving sales and bringing in more foot traffic, don’t overlook one of your most important assets, protection. At Gild Insurance , we believe protecting your business is just as important as growing it. That’s why we’re sharing the 5 essential reasons why your business need insurance this Memorial Day and beyond.

5 Essential Reasons Why Your Business Needs Insurance This Memorial Day

1. Increased Holiday Foot Traffic Means More Risk

When customers flood in for Memorial Day sales and celebrations, your liability risk rises.

If someone slips on a wet floor or is injured near your setup at a pop-up event, general liability insurance can cover medical costs, legal fees, and settlements.

Why this matters now:

One claim can cost thousands. Without coverage, it could come out of your pocket.
Memorial Day weekend is one of the top five shopping holidays in the U.S.
Outdoor events and vendor spaces increase accident risks.

At Gild, we make it easy to get a quote and secure the protection you need—fast.

2. You’re Hiring Seasonal Workers

Many small businesses bring in extra help during the holiday or summer months. If you’re hiring, workers’ compensation coverage is essential. It’s required in most states and helps cover medical bills, lost wages, and more.

With Gild’s support, you can match your policy to your staffing needs. Plus, our partner Envision Payroll can simplify hiring and payroll, helping you stay compliant without the hassle.

3. Pop-Ups and Vendors Often Require Proof of Coverage

If you’re participating in a holiday market or event, you’ll likely need to show Certificates of Insurance (COIs). Without them, you could miss out on high-traffic opportunities.

This is another reason why your business need insurance this Memorial Day. Gild helps you request and send COIs quickly, so you can book events without delay.

4. You’ve Got More Inventory to Protect

Stocking up for the holiday rush? Whether your products are on shelves, in storage, or on the road, you need a plan to protect them.

Commercial property insurance helps cover inventory losses due to theft, fire, or weather. It ensures your investment is safe—wherever your products go.

And if damage or loss happens, Gild’s Claims Concierge is here to help you recover quickly. We fast-track repairs and replacements, so you don’t lose precious time or revenue during the busiest season.

5. It’s Time to Protect What You’ve Built

Memorial Day is a time for reflection and gratitude. It’s also a moment to honor your own hard work as a business owner. If you’re expanding operations, purchasing equipment, or applying for funding, now is the time to strengthen your foundation.

Gild offers flexible policies that grow with your business. And with Owners Bank, you can explore small business-friendly financing to support your next big move.

Protect Your Business with Gild This Memorial Day

You’ve worked hard to build something meaningful. Don’t let one unexpected incident set you back. These 5 essential reasons why your business need insurance are a reminder to take action now—before the holiday rush peaks.

Gild Insurance makes it easy to get protected, stay compliant, and move forward with confidence.

→ Let’s protect what you’ve built. Get a quote today.

Industry Insights Claims

Storm Preparedness Tips and Fast Support from Gild’s Claims Concierge

Post author By Heather
Post date May 22, 2025

A contractor working representing storm preparedness tips

Severe weather season is here and that means it’s time to act. From hail and heavy winds to flooding and fallen trees, property damage can strike fast and derail your business. These storm preparedness tips will help you minimize downtime, avoid confusion, and recover faster.

And with Gild’s Claims Concierge, you won’t have to navigate the aftermath alone.

Storm Preparedness Tips to Avoid Getting Caught Off Guard

Even the best-run businesses can be vulnerable to extreme weather. The cost of not being prepared? Lost revenue, delayed projects, and expensive repairs.

Here’s what you can do today:

Review your insurance policy and know what’s covered
Keep photos and videos of your property on file
Create a contact list of vendors, contractors, and insurers
Secure loose items outdoors and protect windows
Save your insurance documents in a digital folder

Gild Insurance takes it a step further. If a storm damages your property, our Claims Concierge handles the claims process for you from inspection to repair.

Storm Preparedness Tips Only Go So Far—Here’s What Happens Next

Storm damage can be overwhelming. But Gild’s four-step Claims Concierge makes recovery simple and fast:

✅ Step 1: Sign Up for Claims Support and Storm Preparedness Tips

Complete a short form so we can match you with a partner claims advisor.

✅ Step 2: Let Us Handle It

We work directly with adjusters, so you don’t have to chase anyone down.

✅ Step 3: Repairs Begin Immediately

Once your claim is approved, work starts right away—even before your insurance check arrives.

✅ Step 4: Stay in the Loop

You’ll receive real-time updates through email, text, or phone—whichever you prefer.

Fast, Free Support—Even If You’re Not a Gild Policyholder

Severe weather doesn’t care who your insurance carrier is—and neither do we. Gild’s Claims Concierge is free for both policyholders and non-policyholders.

When you use our service, you get:

Faster claims processing
Vetted and approved network of contractors
Better experience, fewer delays

If you’ve been searching for storm preparedness tips that go beyond “buy sandbags,” this is it: get expert help, and get it fast.

Stay One Step Ahead Start with Gild

Preparation is essential, but action is everything. Gild is here to make sure you’re not alone when the storm hits and not stuck after it passes.

👉 Sign up for Gild’s Claims Concierge
👉 Review your policy with an agent
👉 Download a storm preparedness checklist

Storm preparedness tips only go so far. Let’s protect what you’ve built—together.

Frequently Asked Questions

Q1: What should I do immediately after storm damage occurs? Ensure safety first, then document all damages with photos and videos. Contact your insurance provider as soon as possible to initiate the claims process. Gild’s Claims Concierge is a service that provides personalized support throughout the insurance claims process, helping policyholders navigate post-storm recovery efficiently.

Q2: How can I prepare my home for storm season? Secure loose items, reinforce windows and doors, trim trees, and review your insurance policies to ensure adequate coverage.

Q3: How long does it take to process a storm damage insurance claim? Processing times vary based on the extent of damage and the volume of claims, but initiating the claim promptly and providing thorough documentation can expedite the process.

Industry Insights

How Do Tariffs Affect Small Businesses and Entrepreneurs and How to Respond Now

Post author By Heather
Post date May 21, 2025

a woman with her head in her hands wondering how do tariffs affect small businesses and entrepreneurs

The Liberation Day tariffs are here and for U.S. small businesses, the impact is immediate and personal. Rising household costs and skyrocketing business expenses are squeezing margins from both sides. Entrepreneurs are getting hit twice: at home and at work. From food trucks and retail shops to consulting firms and manufacturers, small business owners are feeling the pressure. How do tariffs affect small businesses and entrepreneurs? The short answer: financially, operationally, and strategically.

That’s why Gild Insurance created the Tariffs Runbook . A resource built specifically to help small businesses adapt, survive, and protect their operations during ongoing trade disruptions.

If you want practical strategies to stay ahead, cut costs, and safeguard your future, this guide is a must-read.

How Tariffs Affect Small Businesses and Entrepreneurs on the Ground

Real-time market data shows that the impact of tariffs is accelerating faster than many expected:

Import Dependency: States like California and Texas, source over 20% of small business inputs from now-tariffed countries. In industries like electronics and textiles, reliance can exceed 50%. (National Retail Federation, 2024)

Cash Flow Pressures: About 20% of U.S. small businesses have fewer than four months of cash reserves (Source: PYMNTS, 2025). Rising costs from tariffs and slowing consumer demand could push many to the brink by mid-2025 if conditions persist.

Supply Chain Disruptions: Port delays at major hubs like Los Angeles, Long Beach, and New York/New Jersey are affecting 10–20% of shipments, contributing to inventory shortages and delivery backlogs (Source: Seavantage, 2025).

These pressures aren’t theoretical, they’re happening now. The businesses that adapt early will survive and thrive.

Get the strategies you need inside the Tariffs Runbook — built for small business owners like you.

Why It’s Critical to Act Now

Tariffs aren’t a temporary problem; they’re part of a broader shift toward protectionism. Without a plan, small businesses risk:

Shrinking profit margins

Lost customer loyalty due to price hikes

Increased operational downtime

Greater vulnerability to supply chain disruptions

You don’t have to figure this out alone.
The Gild Tariffs Runbook helps you assess your exposure, rethink your supplier strategies, and protect your business with smart risk management moves.

What’s Inside the Tariffs Runbook (And Why You Need It)

The Tariffs Runbook offers actionable guidance without the fluff, including:

Insurance Risk Audit: How the right coverage shields your business from ripple effects like delays, lawsuits, and revenue loss.

State Level Risk Snapshots: Breaking down where tariffs will hit the hardest in 2025.

Risk Identification Checklist: Spot hidden tariff vulnerabilities across your supply chain.

Partner Resources: How Gild partners can help you reduce costs and give your business access to affordable services beyond insurance.

Don’t let tariff uncertainty catch you off guard. Download your Tariffs Runbook now.

How Gild Helps Beyond Tariffs: Partner Resources to Reduce Costs

Need help finding more savings beyond insurance? Gild works with vetted partners who offer real solutions:

Rocket Lawyer – Affordable legal help for renegotiating contracts or adding tariff clauses

RangeMe – Connect with domestic and tariff-exempt suppliers

Envision Payroll – Streamline back-office operations and reduce labor costs

Owners Bank – Smart financing options to weather short-term cash flow disruptions.

By leveraging these partnerships, small business owners can strengthen their operations, streamline expenses, and stay resilient—no matter how trade policies shift.

Protect What You’ve Built

You’ve worked too hard to let global trade shifts derail your success.

Download the Tariffs Runbook today to stay informed, stay protected, and stay ahead.

Want personalized help? Schedule a call with Gild Insurance and discover smarter ways to protect your business—now and into the future

Industry Insights Business Insurance

Restaurant Business Insurance: Protecting Customer Data from Hacks

Post author By Heather
Post date May 16, 2025

a restaurant owner reviewing restaurant business insurance

As a restaurant owner, you already know the importance of fire safety, food liability, and workers’ comp coverage. But in today’s digital world, another serious risk looms behind the scenes: cyberattacks. From stolen credit card numbers to hacked loyalty apps, data breaches can put your customers, and your reputation, at risk. This is where restaurant business insurance plays a critical role.

At Gild Insurance, we help restaurants of all sizes, from food trucks to upscale cafes, protect what matters most, including your customer data. If you’re collecting payments, managing online reservations, or storing customer info, it’s time to take cyber risks seriously.

The Cyber Threats Facing Modern Restaurants

Restaurants are increasingly reliant on technology to run smoothly. You might use:

POS systems that store cardholder data
Online ordering platforms with customer login details
Mobile apps offering loyalty perks
Cloud-based payroll and scheduling tools

While these tools increase efficiency, they also open the door to hackers. A single breach could cost thousands in regulatory fines, legal fees, lost trust, and even downtime.

With tailored restaurant business insurance, you can shield your business from these digital threats and focus on serving your guests—not damage control.

Cyber Liability Coverage in Your Restaurant Business Insurance Plan

A strong protection plan should include cyber liability insurance, which offers protection against data breaches, ransomware attacks, and other digital exposures.

This coverage can help pay for:

Forensic investigations
Customer notification and credit monitoring
Public relations and reputation management
Regulatory defense and penalties
Business interruption from system shutdowns

If you’re not sure whether your current policy includes cyber liability, our team at Gild can help you review and update your plan to reflect the realities of today’s digital environment.

Go Beyond with Tailored Restaurant Business Insurance

Many restaurant owners assume that general liability is enough. But general liability typically won’t cover cyber incidents. That’s why we’ve created restaurant business insurance bundles that can be customized to include:

Cyber liability for data protection
Property insurance for fire, water, and theft
General liability for customer injuries or lawsuits
Workers’ compensation for employee accidents

Adding cyber liability to your restaurant business insurance isn’t just a precaution, it’s a smart investment in long-term security.

If you haven’t already, check out our past blogs on property and liability risks and workers’ compensation insurance for restaurants to see how these coverages work together to fully protect your business.

How Much Does Restaurant Business Insurance Cost?

The cost of restaurant business insurance depends on several factors such as your business size, location, number of employees, and the type of coverage you choose. Cyber liability coverage may slightly increase your premium, but the financial protection it offers in the event of a data breach is well worth it.

Still have questions about pricing or policy details? Visit our Food & Beverage page to learn more.

Final Thoughts: Is Your Restaurant Data Really Safe?

If you’re using digital tools to take orders, pay staff, or promote your menu, you need restaurant business insurance that goes beyond slips and spills. Cyber threats are real, and the best way to prepare is to partner with a provider that understands your business.

Gild makes it easy to get covered online, compare policies, and get expert support at every step. Don’t let one hack undo years of hard work. Let’s protect what you’ve built—inside the kitchen and in the cloud.

Ready to Protect Your Restaurant?

Get a quote today for restaurant business insurance that includes cyber liability coverage. Gild makes it simple, fast, and tailored to the way you run your business.

Industry Insights

Protecting What She Built: How Gild Supports Mompreneurs

Post author By Heather
Post date May 9, 2025

At Gild Insurance, we’re proud to support the women who balance motherhood and entrepreneurship with courage and creativity. Whether she’s opening a café, running a freelance design studio, or managing an online shop during nap time, all mompreneurs deserve insurance that makes life easier, not harder.

This Mother’s Day, we’re celebrating the moms who lead, build, and protect their futures while showing how Gild helps them protect what they’ve built.

Why Mompreneurs Deserve the Spotlight

A mompreneur is a woman who balances motherhood and entrepreneurship, building a business while raising a family.Today’s mompreneurs are launching and scaling businesses in every industry, from consulting and hospitality to trades and tech. These women wear many hats, often juggling childcare, financial decisions, and business strategy in the same day.

Balancing family life and entrepreneurship takes resilience. When you add in the pressure of managing business risks, it becomes clear that support isn’t a luxury—it’s essential.

What Risks Do Mompreneurs Face?

No matter the business size or structure, mompreneurs face real-world risks every day. Some of the most common include:

Customer accidents at salons, studios, or pop-ups
Service errors or contract disputes in freelance work
Cybersecurity threats for e-commerce and digital brands
Property damage to equipment, inventory, or leased spaces
Business interruptions that affect cash flow and operations

Even a small claim can have a big impact on a mompreneur’s momentum and income. That’s why it’s so important to have the right protection in place.

How Gild Helps Protect Mom-Owned Businesses

Gild makes it simple to find coverage that fits your business and lifestyle. Our platform is designed for speed, flexibility, and expert support because we know mompreneurs don’t have time to waste.

With Gild, you get:

Quick, personalized insurance quotes
Easy online comparisons
Access to top-rated carriers
Friendly support from real people

Popular coverage options for mom-owned businesses include:

General Liability Insurance – for third-party claims like slip-and-falls
Professional Liability Insurance – for service-based businesses and freelancers
Business Property Insurance – to protect tools, equipment, or inventory
Workers’ Compensation – if you have employees or part-time helpers

Flexible Coverage for the Modern Mompreneur

Your business may start as a side hustle, but it can grow quickly. Gild offers flexible insurance plans that evolve with you, whether you’re working solo or expanding your team.

You shouldn’t have to choose between protecting your family or your business. With Gild, you can confidently do both.

This Mother’s Day, Let’s Celebrate What She’s Built

Behind every mompreneur is a story of passion, perseverance, and purpose. From early mornings to late-night emails, she’s poured her heart into building something that matters.

This Mother’s Day, we honor the moms who lead with love, and we’re proud to help protect what they’ve built.

To every mom in business—this one’s for you.

Get a personalized quote and start protecting your business today.