Proud Sponsor of the 2019 La Mesa Oktoberfest

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 […]

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What is Environmental Liability Insurance?

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 […]

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Who Needs Product Liability Insurance?

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 […]

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

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 […]

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How to Protect Your Business from Crime

July 10, 2019

Theft is one of the biggest reasons businesses often struggle. Consider these recent findings: The University of Florida National Retail Security Survey estimates total retail losses of $44 billion every year, with 30-40 percent of those losses walking straight out the door. In a survey conducted by Kessler International, 95 percent of employees admitted to […]

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Umbrella & Excess Liability: What limit do you choose?

July 3, 2019

We are often asked, “What limit of coverage should I have?” While there are several factors to consider when making this decision, we suggest considering these top three: What assets am I trying to protect? Is there someone outside of our company that requires specific limits of coverage? What is my attitude toward taking/retaining risk? […]

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Cyber Liability Insurance Policies

June 19, 2019

Due to the lack of actuarial data, it’s been difficult to price cyber liability insurance. This is one reason Insurers depend so much on evaluating each insured according to its risk management procedures and risk culture. As a result, cyber risk coverages are more customized and, therefore, can be more costly, depending on the vulnerabilities […]

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Two Essential Property Endorsements You Need if You Plan to Rebuild after a Loss

June 5, 2019

Your insurance may cover your losses, but will it be enough to meet new building code requirements if you rebuild? A good insurance program will protect your business property from loss due to fire, theft, vandalism and more. But without certain important coverages, your property coverage could leave you short of the funds needed to […]

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Preparing for the Worst with Active Assailant Insurance

May 22, 2019

The coverage was introduced only a few years ago and more companies are now offering it. Sadly, following incidents like the shootings in Las Vegas, Parkland, Fla., Christchurch, N.Z., as well as numerous shootings in California and up and down the east coast and elsewhere in the U.S. this year and last year, there is […]

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Don’t Be the Victim of a Nigerian Prince

May 8, 2019

You wouldn’t knowingly send money to a Nigerian Prince but ransomware and phishing attacks are becoming more sophisticated. Smaller companies are especially vulnerable. By now, everyone who has heard of the Nigerian Prince emails knows they’re a scam. You’re told you just need to pay the so-called prince a small advance fee for helping him […]

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