November 15, 2019
The terrorist attacks on 9/11, in which terrorist hijacked and flew commercial airliners into the World Trade Center Towers and the Pentagon, demonstrated how such events are unpredictable, highly destructive and possibly uninsurable. These attacks still count as the deadliest and most costly terrorist incidents in U.S. history, with insurance losses totaling approximately $47 billion, […]
November 1, 2019
Employees file lawsuits against their employers for many reasons. A 62-year-old white male employee with a positive performance record and favorable bonuses was terminated by a foundation. He sued the foundation, alleging he was terminated from his job so that the employer could hide a pattern of discrimination against women and minorities. The employee further […]
October 24, 2019
Protect against viruses, spyware, and other malicious code. Make sure all computers are equipped with antivirus software and anti-spyware and updated regularly. Secure your networks: Safeguard your Internet connection by using a firewall and encrypting information. Make sure your Wi-Fi network is secure and hidden. Establish security practices and policies to protect sensitive information: Establish […]
October 11, 2019
Most people would rather go to the dentist than try to read an insurance policy. Like most things that seem intimidating at first, though, when you break it down, it makes a lot more sense. There are four basic parts to every insurance policy: Declarations Insuring agreement Exclusions Conditions Declarations: The declarations introduce your coverage. […]
September 30, 2019
There are benefits to working from home, but also risks to both employees and employers. Working from home among non-self-employed people has grown by 140 percent since 2005 — ten times faster than growth of the workforce itself. There are plenty of benefits to both workers and employers when employees get online to work remotely. […]
September 16, 2019
Businesses where a shooting occurs risk not only potential lawsuits from innocent customers and bystanders but they will also very likely suffer some business slowdown from loss of reputation. Gun violence affects all aspects of society, especially businesses, such as the Walmart in El Paso, Texas and the merchants in the Oregon District of Dayton, […]
August 26, 2019
At Teague Insurance, we enjoy giving back to our community. Once again, we are a sponsor of the La Mesa Oktoberfest. Located on La Mesa Boulevard and right around the corner from our office, we can’t wait to be a part of the excitement. This year’s celebration takes place October 4-6. To learn more about […]
August 20, 2019
Standard business general liability (GL) policies provide little coverage for pollution damage, including toxic spills like the one in West Virginia in 2014. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the GL policy excludes. Property owners purchase environmental impairment liability […]
August 6, 2019
If you manufacture, sell or distribute any kind of product, you probably need some kind of protection from product liability claims. What Does Product Liability Insurance Cover? Product liability insurance protects the manufacturer, distributor or seller of a product from legal liability resulting from a defective condition that caused personal injury or damage associated with […]
July 24, 2019
Your organization has just been sued, and you’ve notified your liability insurer. Then you receive a reservation of rights letter. Here’s what it means and what to do. Practical Risk Management defines a reservation of rights as “an insurer’s notification to an insured that coverage for a claim may not apply. This allows for an […]
