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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Category: Business, Claims, Commercial, Liability
Tags: bodily injury, business, commercial, commercial umbrella policy, commercial vehicles, contractors, Employment Practices Liability Insurance, equipment breakdown coverage, general liability, liability insurance, professional liability, property damage, subcontractors
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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Category: Accident, Auto, Business, Commercial, Liability
Tags: business owner, commercial, commercial auto policy, commercial insurance, commercial umbrella policy, commercial underwriting, excess policy, self-insured retention
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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Category: Business, Claims, Commercial, Financial, Liability, Risk Management
Tags: assets, business, business auto policy, Business Income - Loss of Use of Designated Auto Coverage, business income coverage, business income loss, business insurance, business inventory, business owner, commercial, commercial building, Commercial general liability, commercial insurance, commercial liability insurance, commercial policy, commercial property, commercial umbrella policy, equipment breakdown coverage, errors and omissions, independent agent, inland marine, inland marine insurance, loss prevention, professional liability, risk transfer
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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Category: Business, Claims, Commercial, Liability
Tags: blanket additional insured, business owner, Commercial general liability, commercial umbrella policy, general liability, independent agent, liability, liability coverage, owning a business, professional liability, protection, umbrella, 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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Category: Auto, Business, Commercial, Home, Liability, Personal, Umbrella
Tags: auto, commercial umbrella policy, home, liability, personal liability coverage, Personal Umbrella, personal umbrella policy, umbrella policy
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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Category: Business, Central, Commercial, Liability, Risk Management
Tags: commercial umbrella policy, foreign liability coverage policy, liability, manufacturer, product liability exposure, product withdrawal, products liability, quality control program, retailer, risk management, wholesaler