Blog Page 17
Commercial Property Insurance: What Are The Average Costs?
Determining the cost of commercial property insurance can be extremely complex. To unravel the complexities of commercial property insurance rates, you first need to have an understanding of how pricing is determined.
Oil & Gas Insurance: What Is It?
The U.S. oil and gas industry is responsible for nearly 10.3 million jobs and accounts for 8% of our national GDP. It has been a critical industry for many states for the last century. This industry is not without its risks. In fact, the oil and gas industry is one of the most dangerous when it comes to potential employee injuries and business liability. That is why a quality oil and gas insurance program is so important.
Tail Insurance Coverage - What Is It?
“Tail coverage” is an optional insurance provision found on a claims-made policy. It allows the insured to report claims against a policy for a specified period after the policy has expired.
Manufacturing Insurance: What You Need To Know
Manufacturing companies are an essential component of society. Every product has been designed and built to specifications. Whether you are manufacturing for the food, aviation, automotive, medical device, or even furniture industry - your product plays an essential role in people's lives. For this reason, manufacturing operations come with a lot of potential liability risks. These are all questions you should be asking yourself. These are also items that insurance can cover at a reasonable cost.
What Is A Hammer Clause? (Definition & Examples)
Even though the hammer clause is just a small paragraph within an extensive insurance program, it can have a significant impact on your professional reputation and insurance coverage.
Hiring a Contractor Without Insurance - What Are The Risks?
If you’re a homeowner, business owner, or real estate investor, your properties require maintenance. Roofs wear down, plumbing leaks, and sometimes you may want to remodel your space. In these cases, you will need to hire a contractor. Hiring a contractor with general liability, automobile, and workers compensation is a must. Without it, you could be held responsible for any injury or damage your contractor causes.
Outside Directorship Liability Coverage - What Is It?
Outside Directorship Liability is insurance coverage on the Directors & Officers (D&O) Liability Policy. Its purpose is to extend coverage to certain additional organizations, usually non-profits, because an executive or officer of the insured company is serving on the outside organization’s board.
Directors And Officers Insurance Claims For Nonprofits
As a director or officer of a nonprofit, you could be held personally liable for financial damages caused by you as a board member. Depending on the operation and size of the nonprofit, this could be the most significant financial risk that you have. Nonprofit leaders are sometimes even held to the same standards as corporate executives and board members. No matter your qualifications or the duties you sign up for, your personal assets could be exposed to the liability of your organization.
Finding Affordable Business Insurance In 6 Simple Steps
It is always smart to do your due diligence and make sure you are getting affordable business insurance that protects you. Here are six tips for finding cheap business insurance quotes.
What Is Employee Dishonesty Coverage?
Did you know that the median loss per case of employee fraud is $125,000? Or that a typical fraud case lasts 14 months before detection and causes an average loss of $8,300 per month? There is an insurance policy to help guard your business against this, though: Employee Dishonesty Coverage.