March 17, 2020
An Update on Safety and Autonomous Vehicles (AVs) Nuro For the first time, regulators at the National Highway Transportation Safety Administration (NHTSA) have given permission to an AV manufacturer, Nuro, Inc., to deploy 5000 low-speed electric delivery vehicles without human controls like mirrors or steering wheels. The small, seat-less car, with gull-wing cargo doors on […]
March 11, 2020
As the spread of Coronavirus accelerates in the US, business operations need to create plans for virus prevention and business continuity in the event of an outbreak. In addition to the information below from the CDC on hygiene in the workplace, having a business continuity plan is key. Here are some steps to include in […]
March 3, 2020
What is an OCIP and how can it help you with your construction project? An Owner Controlled Insurance Program (OCIP) is an efficient, cost-effective way to provide insurance for owners and contractors for a specific building project. Construction jobs often have a lot of liability risks, including property damage or bodily injury to the public, […]
February 27, 2020
The typical equipment breakdown insurance policy includes the following coverages: Damage to “covered property” at the location named in the policy. Expediting expenses, to cover the costs needed to get insured equipment operational as fast as possible, such as expedited shipping and making temporary repairs. Business income and extra expense. Similar to coverage you should […]
February 6, 2020
Equipment Breakdown insurance – formerly called Boiler & Machinery insurance – covers much more than boilers and machinery. Insurers introduced boiler and machinery coverage in the mid-1800s to cover valuable steam-powered machinery from explosion or breakdown, and to cover the equipment’s owner from liability for resulting property damage or bodily injury. Today, few businesses use […]
January 23, 2020
The use of insurance in mergers and acquisitions is on the rise, according to a recent report by Aon. Since 2014, there has been a 35 percent increase in M&A deals where warranty and indemnity (W&I) insurance has been part of the transaction. In a merger or acquisition, the seller makes certain representations and warranties. […]
January 10, 2020
When we think of risk, the first thing that usually comes to mind is insurance. But insurance is just one component of a sound risk management plan. A risk management plan includes insurance, plus all the other strategies you need for dealing with the risks associated with your business or organization. The following steps outline […]
December 16, 2019
Surplus lines insurers handle a broad range of business risks. These are some examples of the types of risk commonly insured by excess and surplus lines insurers: A developer re-building homes and businesses in a hurricane-prone area A new business, especially in an industry that has frequent claims, such as roofers and pawn shops A […]
December 1, 2019
A change in your business strategy can create a need to access the surplus lines market. When Dolly Parton insured her breasts for $600,000 and Kiss’s Gene Simmons insured his tongue for $1 million, you can be sure a standard insurer didn’t cover those risks. Same for Bruce Springsteen’s $19 million policy for his voice. […]
November 15, 2019
We are proud to support Susan G. Komen San Diego in their ongoing fight against breast cancer. Thank you to Shaina Gross, President & CEO of Susan G. Komen San Diego for your comments below and photos. We love to help make a difference in our community. Thank you so much for your generous donation! […]
