Archive for the ‘Business’ Category

Standalone Website Not a Public Accommodation

October 28, 2022

If you read our story “Is Your Website Discriminatory?” you know that the website accessibility provisions in Title III of the ADA apply specifically to places of public accommodation. 42 U.S.C. § 12182(b)(2)(A)(iii). There is an issue, however, with how the phrase public accommodation Is defined. Last month a California state appeals court held that […]

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Concerned Patient

What Future Risks Worry Insurance Companies?

September 23, 2022

Here are the top five future risks troubling the reinsurance companies of the world, according to Swiss Re — reinsurers are the ones that back up the primary insurance companies who actually put their names on the policies (the retail insurers). Legal tech — is AI rendering justice?  Over the past decades, AI in law […]

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Is Your Website Discriminatory?

September 16, 2022

Does your website violate the Americans with Disabilities Act (ADA) because it is not maintained in a manner accessible to blind or visually impaired people? As most employers know, Title I of the ADA, which applies to all employers, public and private, that employ 15 or more individuals, prohibits discrimination against individuals with disabilities in […]

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What is Environmental Liability Insurance?

August 25, 2022

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 […]

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Why Did I Get a “Reservation of Rights” Letter?

August 11, 2022

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. The insurance reference resource Practical Risk Management defines a reservation of rights as “an insurer’s notification to an insured that coverage for a claim may not apply. […]

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How to Reduce Risk in the Construction Industry

July 28, 2022

Recent technologies — from robotics to project management software — as well as better ways to identify and deal with risk are helping the construction industry save money and reduce accidents. Workforce Shortage COVID and its ramifications have placed a strain on finding good workers for most industries. This is no less true for construction. […]

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FEMA Introduces New National Building Code Strategy

July 15, 2022

On April 13, 2022, the Federal Emergency Management Agency (FEMA) released a new building codes strategy, defining the goals and objectives it will pursue to promote the application, adoption and enforcement of hazard-resistant building codes across the United States. The strategy focuses on three core goals: Integrating building codes and standards across FEMA, Strengthening nationwide […]

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What Do Equipment Breakdown Policies Cover?

June 28, 2022

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 […]

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How Litigation Is Driving Up U.S. Commercial Auto Insurance Costs

June 13, 2022

Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019. This is according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, Social Inflation and Loss Development confirms and […]

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Equipment Breakdown Coverage Goes Beyond Insurance

May 24, 2022

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 […]

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