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Blog Page
03 Feb, 2022
Coverage For Business Autos
Many businesses are exposed to the financial consequences of their ownership, use or maintenance of vehicles used in their operations. Most coverage needs can be handled by a Business Auto Policy (BAP) or similar form which cover operations such as:
01 Feb, 2022
Commercial Auto Symbols
Have you ever, during a particularly wild moment, closely examined the insurance policy that covers your business vehicles? If so, you may have noticed the little numbers that appear next to each listed coverage. Hopefully you're familiar with these numbers and their meaning. If not, please see below.
27 Jan, 2022
Umbrella Vs. Excess Coverage
A business usually will buy liability coverage for two chief areas. One is to handle its routine, premises liability. The second is to handle liability that is related to the actions a business performs away from its premises or that may address its professional-level obligation it owes to others while providing products, goods and services to others. A business that uses vehicles, mobile equipment, watercraft and/or aircraft must consider liability protection for those exposures too.
25 Jan, 2022
Policy Insurance Limits
If you examine the insurance policy covering your business, you'll see an insurance limit. For instance:
20 Jan, 2022
Contractual Liability
A business that harms another party or damages/destroys property that belongs to another party may be sued or prosecuted. Larger businesses protect against their liability to third parties with a Commercial General Liability (CGL) policy. An insurance company provides a CGL under some assumptions about the type of losses it is willing to cover.
07 Dec, 2021
Certificates Of Insurance
Business transactions frequently require the valuable protection provided by insurance. A Certificate of Insurance is a document that is often requested as proof that adequate insurance exists. A certificate is not the same as a policy and certificates do not affect the coverage provided by a particular insurance policy. Therefore, requests to "endorse the certificate of insurance" are inappropriate and misleading. A certificate is a separate document that is used to comply with a common contract requirement to verify certain types and amounts of insurance.
03 Dec, 2021
Electric Scooters
Some cities have fought against the disruption caused by E-scooters. E-Scooter Rental companies have usually taken a strategy used by more mature, sharing and gig economy players such as Airbnb. Rather than adhere to traditional business entry practices, such as undergoing licensing or permit protocols, E-Scooter companies often show up in an area overnight, without advance notice.
16 Nov, 2021
Cyber Crime and Your Business
Cyber attacks are a significant issue for every risk manager and business with any type of computer device and electronic data. If you have not suffered a cyber incident such as a system hack, data stolen or held hostage for ransom, or a phishing email scam, sit tight because the possibility is more significant than you might think.
08 Nov, 2021
Restaurants and Viruses
A restaurant may have greater exposure to a virus or infectious disease simply because patrons remain on the premises longer than most businesses. Plus, food is typically handled by cooking assistants, cooks, and servers before making it to the customer's table. Restaurant employees' touch many surfaces, creating many opportunities for viral infection.
25 Feb, 2021
Social Media Liability
Your chances of suffering a loss is increasingly affected by your use of the Internet and, particularly, social media. Increasing your awareness of social media liability loss exposures may help you to minimize or avoid them.