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Insurance Considerations for Contractors

Contractors have enough items to juggle without adding insurance into the mix; however, insurance-related issues are often unavoidable and, in some cases, misunderstood. Sure, it’s easy enough to determine how much coverage is needed for tools and equipment and it’s…

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Excess Policy or Umbrella Policy? What’s the difference and which is better?

One of the questions a commercial lines underwriter hears most is, “Is your umbrella follow-form?” Basically, will it only increase the limits of my current coverage (follow-form), or will it also offer some additional coverage (umbrella)? Of course, the answer…

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Business Insurance 101: Where Do New Business Owners Start?

If you’re the proud owner of a new business – or even just kicking around the idea of hanging your own shingle – you’ve probably realized that there is a lengthy list of items and issues to address. From startup…

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Cracking the Code on Commercial Umbrellas

Many people in the insurance industry will agree that umbrellas are one of the most misunderstood lines of insurance coverage in existence. Of course, it’s easy to understand why when you look up the definition of “umbrella” and get explanations…

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Common Misconceptions about the Personal Umbrella Policy

One thing I’ve learned over the years is there are several common misconceptions regarding personal umbrella insurance policies. In some cases, people who have one think it provides a blanket limit of protection but are often unclear as to how…

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Managing Your Product Liability Exposure

If you are a manufacturer, retailer, or wholesaler, managing your product liability exposure is a critical part of your overall risk management plan.  Let’s take a look at some of the questions a liability underwriter will ask when deciding whether or not…

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