One of the toughest parts of commercial insurance is identifying all of the exposures a business might have. I met with a new client yesterday, Darth Vader, who is the Operations Manager for a business called The Empire. It sounds…
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Category: Business, Commercial, Employees, Liability, Risk Management, Technology
Tags: Builders Risk, business, catastrophic event, cause of loss, cloud storage, commercial, commercial building, commercial insurance, construction, coverage, cyber, cyber security, data, deductible, employee, employees, exposure, exposures, inland marine, liability insurance, risk, risk assessment, safety, underwriter, workers' compensation, workplace, workplace safety
Winter is here and so is the age-old question: should I clear the snow from my sidewalk? To be completely honest, I had to do a little research on this, as I have been told “yes” as many times as…
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Category: Claims, Home, Liability, Personal, Prevention, Risk Management, Weather
Tags: homeowners, homeowners insurance, homeowners policy, liability coverage, liability insurance, personal property, property, property coverage, rental properties, renter's policy, renters insurance, risk, risk management, snow, snow and ice, snow removal
“I don’t need a Builder’s Risk policy,” said a contractor. “The money I save I’ll just set aside for any losses.” Little did he know how inexpensive a Builder’s Risk policy can be and how expensive a loss can be.
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Category: Business, Central, Claims, Commercial, Liability, Risk Management, Saving Money
Tags: builders, Builders Risk, business, insurance, policy, risk
What is an actuary? Trust me, it’s a valid question. When I tell someone I’m an actuary or that I studied actuarial science in college, I often receive an interesting response. Besides the usual spectrum of confused facial expressions, questions like “Is…
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It happens more than you’d like to think. A person drinking in a bar leaves and causes an accident, injuring or killing another person. The victim’s family then files a lawsuit against the bar. Owning a bar can be fun and financially…
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Category: Accident, Auto, Business, Central, Claims, Commercial, Employees, Liability, Loss Control, Prevention, Risk Management
Tags: accident, alcohol, alcohol training, bar, bartenders, beverage, drinks, establishment, happy hour, intoxication, lawsuit, liability, risk, servers, TABC, TAM, TIPS
