Veracity Insurance Blog
Veracity's blog contains educational and informative articles about insurance.
It’s that time of year again! We’re thrilled to be hosting our 3rd annual Tournament of Champions; here’s a recap of last year’s event. This year’s tournament will be held on May 8, 2019, at TalonsCove Golf Course, located in Saratoga Springs, UT. We hope you’re ready to golf, enjoy lunch, and share some laughs with us. This tournament wouldn’t be possible without our gracious sponsors. We’d like to thank each member of the community who supports us and helps make this event one of our biggest successes year after year. Our Sponsors Continue Reading
For Boldify creator, Mike Viskovich, developing hair products is more than just business, but his passion. We sat down with Viskovich, to chat about his business inspiration, marketing and branding strategy, and the how product liability insurance plays in the success of his business. Here’s what he had to say. Tell us about Boldify and your inspiration for starting up your business. “Boldify is about catering to people with thin hair. I’ve always had thin hair and so has my brother. We used to buy bottled hair fibers that would cost around $60 each. Right now, our main focus has been on getting the brand up-and-running—we’re a small, husband-and-wife team. I’ve always wanted to get into e-commerce —both on Amazon and online. I figured because it’s something I’ve dealt with personally, launching an affordable product for those wh Continue Reading
We sat down with Veracity brokers for a Q+A session about what makes Veracity’s Vape Insurance Program so unique. Here’s what they had to say. From a broker perspective, how would you describe the current state of the vape insurance industry? The insurance industry is shrinking for this class of business. Markets have, and continue, to drop out due to unfavorable claims experience. One driving factor is US suppliers using inferior products in an effort to drive the device pricing lower. The use of imported/counterfeit batteries is at the front of most of the explosions claims we have seen on the news. What are the most common claims you see from vape businesses? We see a lot of battery malfunctions or explosions, theft of personal property, and mislabeling ingredients in e-liquids Continue Reading
Our industry-leading products liability program began in 2008, and we’ve been working with the same reputable carriers since. This program targets manufacturers, importers, and distributors. We can place product liability insurance for an array of businesses including niche markets such as beauty and cosmetics, nutraceuticals and supplements, and the vape industries. If you’re looking for solutions for your hard to place clients, watch the video to find out how we can help. Continue Reading
Veracity employees gathered in the building’s lunch area following their shifts on Tuesday, May 22, 2018 to prepare survivor kits for the Younique Foundation’s annual retreat. “The women who attend the retreat are survivors of sexual abuse,” says Veracity Compliance Officer, Vickie Goodman. Goodman headed up this service project by developing a committee and rallied to get each department involved. “I got the idea to donate to the [Younique] Foundation after a conversation with a friend that works for the company,” Goodman says. “We completed 32 kits, equal to the number of women who attend the retreat each year.” Each kit contained several handmade items: fleece blankets, leather-bound journals, beads, ‘Thank You’ cards for each survivor’s sponsor, ‘Warrior’ cards, and a glass bowl. Retreat atte Continue Reading