Whether you’re starting your own small business from scratch or growing a side hustle into a larger business, it’s essential that you understand your insurance options. On average, less than half of all small businesses (500 employees or fewer) will survive beyond five years.
As New Englanders, we know all too well that at the end of each winter, roadways are left with damage from months of ice, freezing rain, and fluctuating temperatures. These conditions create cracks that eventually turn into potholes under the weight of passing cars above. If you’re not careful, driving over a single pothole can cause up to thousands of dollars in damage to your vehicle.
At Eastern Insurance, we attribute the majority of our success to the quality of our employees. From their dedication to providing the highest level of customer service to their commitment to supporting other employees and the communities we serve, we’re tremendously proud of our team. One employee who is the epitome of an individual we want to represent our brand is Todd Drager, Vice President, Commercial Lines Sales.
Joining the Eastern Insurance Team
This past year, most Americans have faced financial loss in one way or another. As a result of the ongoing COVID-19 pandemic, many found themselves suddenly laid off, unemployed, or closing the doors to businesses they built from the ground up. To combat this loss, many have turned to side-hustles to help make ends meet and to stay afloat during these challenging times. If this scenario sounds familiar to you, be sure you're taking the extra steps needed to protect yourself and your business with an insurance policy.
At the onset of the COVID-19 pandemic, Eastern Bank’s CEO, Bob Rivers, came out of the gate with a “People First Strategy.” Our focus – as it has always been – was placed on the safety and wellbeing of our employees, clients and communities we serve. Since then, Eastern Bank became a founding donor and administrator of the Massachusetts COVID-19 Relief Fund issuing nearly $10M in support to our neighbors in communities across New England.
This month, we are excited to introduce you to our latest colleague Abu Patrick, who has been with our team for eight years and was recently promoted to Account Executive, Benefits Implementation Specialist.
Our Eastern Benefits Group team prides itself on not only the quality of our customer service, but our employees — without whom, we wouldn’t be nearly as successful. Their drive to serve and advise our employee benefit customers every day, and especially in these challenging times, is unmatched. One of our employees who continuously goes above and beyond, not only in our office, but throughout the employee benefits industry, is our newest #EBGSpotlight — Senior Vice President Michael Uretsky, who has been with us for over 16 years!
In the event of a fire in your home, you may have as little as two minutes to escape before it becomes life-threatening and only five minutes before your entire home is engulfed in flames.
With the holidays upon us, the season of craft fairs has begun. In cities across the United States, many individuals will set up tables at craft fairs to sell holiday trinkets, jewelry, clothing, accessories, baked goods and other items they have proudly crafted. While you may think of this as “small business”, the creative industry continues to be an avenue for individuals to supplement their income with a “side gig”. According to the Association for Creative Industries, the total size of the creative industry in the United States is $43 billion dollars!
Are you ready for Cyber Monday? This year, Cyber Monday — the busiest online shopping day of the year — is on December 2nd, with many stores starting their online sales even earlier. According to CNBC, Cyber Monday sales in 2018 increased 19.3 percent from the previous year, with a record high of $7.9 billion spent online; transactions made on mobile devices alone increased 55.6 percent.