Don’t Forget Your Umbrella

October 15, 2020

If your business is the typical small or mid-sized business, you probably have somewhere between $500,000 and $2 million in liability coverage under your business owner policy (BOP) or commercial general liability policy. How does umbrella coverage work with these policies to provide extra liability protection? In addition to your BOP, you might also have […]

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Teague Team Delivers Weekly Meals to Support Covid ICU Nurses

October 1, 2020

The Teague Insurance team and VP Ernie Togerson were recently featured in an ABC 10 news story. The team has been doing their part to support the Covid ICU team at Sharp Grossmont Hospital by providing a weekly meal to the night shift since the start of the lock down. You can learn more about […]

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Get Ready for Parametric Insurance

September 23, 2020

Parametric insurance is a type of insurance that does not indemnify the actual loss, but pays when something related has occurred with sufficient intensity to justify payment of a loss. Imagine an insurance policy that pays policyholders not because of damage to their property but due to wind velocities reaching a certain level or an […]

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Operating Your Business During the Pandemic

September 10, 2020

Many businesses have adjusted to the pandemic by implementing work from home arrangements for their employees. This is often an incomplete or inadequate solution though. The results can be less than ideal for the business, its employees and customers. Some businesses cannot even survive let alone thrive under these conditions and reopening at least to […]

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Key D&O Terms You Should Know

August 20, 2020

Entity Coverage/Allocation Provisions Claims can get complicated when the corporate entity is named as a defendant along with directors and officers. If the D&O policy does not include entity coverage, the insurer must allocate defense and settlement costs among the (covered) directors and officers and the (uncovered) entity to determine how much of these costs […]

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D&O Policies and The Coronavirus

August 6, 2020

Even before COVID-19, insurance for directors and officers (D&O) was experiencing a hard market. Premiums had increased 44 percent in the first quarter of 2020. Over the past few years there has been a steady increase in the number of lawsuits and the size of jury awards in cases involving D&O. And now with the […]

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Automated Driving Would Reduce Crashes by Only a Third

July 21, 2020

Driver mistakes play a role in virtually all crashes. That’s why automation has been held up as a potential game changer for safety. But autonomous vehicles might prevent only around a third of all crashes if automated systems drive too much like people, according to a new study from the Insurance Institute for Highway Safety. […]

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Leadership in a Pandemic. Leadership Lessons Learned.

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 […]

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Most Business Policies Cover Riots, Vandalism and Civil Commotion

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. […]

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Cyber Security for Mobile Devices

June 26, 2020

If you use a mobile device for company business, you should: Create a strong pin or password, Enable face or fingerprint recognition, Disable Wi-Fi and Bluetooth when not needed, Be careful about which apps you download, Disable location services when not needed, Backup your phone often, and Consider installing remote wipe software to remove data […]

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