July 13, 2020
By Stephanie Calhoun, CIC As I worked on my planning for 2020, I never anticipated that we would have to lead the team through a pandemic. As the Operations Manager of our Customer Service teams, I planned 2020 as usual; push process initiatives forward, develop and promote employees, lead, mentor and coach towards growth. But […]
July 7, 2020
Different policies cover different kinds of damage to property. When protestors gathered on the streets of our cities to speak out against the brutal killing of George Floyd, in many instances peaceful demonstrations turned into scenes of violence, vandalism and looting. The damage done to businesses is estimated at $25 million nationwide at this point. […]
June 12, 2020
Now with so many more people working from home because of the coronavirus pandemic, it’s a good time to review your off-site cybersecurity practices. Many — maybe even most — of the people now working from home have probably never worked for you from home before. So, just because you’ve established protocols in the past […]
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 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. […]
