What is Commercial Umbrella Liability? An umbrella liability policy provides an insured with an “umbrella” of liability protection over the primarily liability insurance. Most umbrella insurers require you to purchase primary insurance coverage before selling you an umbrella policy; for example, general liability insurance, auto liability insurance, workers compensation or employers’ liability insurance. An umbrella […]
June 24, 2015
Explaining D&O and EPLI Directors and Officers Insurance or (D&O) and Employment Practices Liability Insurance or (EPLI) are important coverages for any business owner. Directors & Officers Insurance (D&O) is a type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. […]
February 26, 2015
From the Desk of Des – Naples While attending a convention in Naples, Florida, I went to visit a resort client on the Gulf Coast. Standing on the beach in front of the resort I looked up at the property and saw a scene of bustling happy vacationers. They were on the beach, in the […]
January 29, 2015
Misconceptions about Cyber Liability Exposures Cyber breaches are mostly a result of foreign offshore sophisticated hackers who are only targeting large retail and healthcare systems. It is true that hackers are responsible for the largest number of losses in claims against cyber liability exposures and that the most advanced hackers are in Russia and Eastern […]
January 21, 2015
Why You Need Building Ordinance Coverage? State and local governments enact and enforce building codes or ordinances to protect the health and safety of building occupants. A building ordinance establishes a minimum standard that must be met to maintain compliant with the building codes that are set forth. Building ordinance coverage is needed to cover […]
January 14, 2015
Minimize Cyber Exposure Cyber Monday, holiday shopping, cyber exposure in general for individuals and businesses alike is becoming more of a constant thought in accessing our risk management. During this holiday season, and as a rule of thumb all year long, it is a good idea to adopt these tips from the experts at CNA’s […]
December 29, 2014
Hospitality Industry – Risk Assessment The hospitality (travel and tourism) industry has seen its ups and downs but currently is thriving as determined by the World Travel and Tourism Council, as among the largest and fastest growing industries worldwide and projected to support 328 million jobs by 2022. This is an exciting time to be […]
December 23, 2014
Independent Contractor versus Employee Source California Division of Labor Standards Enforcement (DLSE) As a company running a business or an individual working for themselves, the topic of independent contractor versus employee is a very important factor to consider when accessing your risk management. As a company you want to be very careful that you understand […]
December 16, 2014
Think you need Cyber Liability Insurance? Source-Bloomberg Staples Inc., the world’s largest office-supply chain, is investigating a potential breach of customer credit-card data, becoming the latest retailer to confront a threat from hackers in recent months. The potential data theft adds to a wave of breaches at companies such as Home Depot Inc., Target Corp., Sears […]
December 3, 2014
Understanding Workers Compensation The widow and son of a Bartlesville, Oklahoma man who died during firefighting training have been awarded more the $503,000 in federal and state death benefits despite testimony that said the man was never with a fire department. This account from the Insurance Journal and many more like them pop up in […]
November 13, 2014