June 3, 2020
Has your business been declared an essential service during the pandemic? If so, you are probably making home deliveries either for the first time or to a greater extent than before. Almost every state requires commercial auto insurance for businesses with vehicles titled to the company driven by employees. But what if employees use their […]
May 12, 2020
During a recent Coronavirus update meeting, President Donald Trump said that he thinks that many insurance companies should be paying business income losses due to the coronavirus pandemic. He acknowledged that many policies exclude events such as epidemics, but “in a lot of cases, I don’t see it. I would like to see the insurance […]
April 20, 2020
Underwriters use a variety of metrics to determine what to charge for EPLI and the scope of coverage to offer. The number of people you employ. Whether you’ve had prior suits lodged against your company. The percentage of employee turnover. Whether you have established rules and practices in place, such as an employee handbook that […]
April 6, 2020
Whether you’re dealing with existing employees or prospective employees during the interview process, every time your business interacts with people it faces the risk of an employment claim. Some of the typical claims brought against employers allege: Discrimination (based on sex, race, age or disability, for example). Wrongful termination. Harassment. Other employment-related issues, such as […]
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. […]
