September 2012

Enhanced Cyber Coverage

Did you know that the average organizational cost for data breach in 2011 was $5.5 million and the average cost per compromised record was $194*? With a growing body of law directed at protecting personal information, our carriers are constantly looking for ways to improve cyber liability offerings so that our customers have the best coverage in place to protect… Read More »Enhanced Cyber Coverage

Rising Cost of Homeowners Insurance

The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council (IRC) study of homeowners insurance claim trends found that from 1997 to 2011, the average claim payment per insured home countrywide rose 173%. In the… Read More »Rising Cost of Homeowners Insurance

CGL Independent Contractor Exclusion

Many insurance policies include the following standard provision: “This insurance does not apply to bodily injury, property damage, personal injury, advertising injury, or medical payments for operations performed for you by independent contractors or your acts or omissions in connection with your general supervision of such operations” (exclusion). Relying on this exclusion, your insurer may deny coverage for injuries sustained… Read More »CGL Independent Contractor Exclusion

Non-Driving Insurance Factors Questioned

Consumers do not think it is fair for auto insurers to use level of education, occupation and lack of previous insurance in setting prices. That’s according to findings from a national survey of more than 1,000 consumers released by the Consumer Federation of America (CFA), which opposes insurer use of the these and other factors it says are unrelated to… Read More »Non-Driving Insurance Factors Questioned

What Every Business Owner Should Know About Credit Card Protections

Protecting Against Consumer Identify Theft The use of credit and debit cards and electronic payments has become a way of  life for public and private businesses and their customers. With this, vulnerabilities to credit card fraud and identity theft have increased. To help improve credit and debit card security, the credit card industry and federal and state governments have set standards and regulations.… Read More »What Every Business Owner Should Know About Credit Card Protections

Reduce the Chances of Dog Biting

With dog bite claims accounting for over one-third of all homeowners insurance liability claim dollars in 2011, we remind dog owners to take preventative measures to protect themselves from the potentially serious financial consequences of aggressive canine behavior. • Consult with a professional (e.g., veterinarian, animal behaviorist, or responsible breeder) to learn about suitable breeds of dogs for the insured’s… Read More »Reduce the Chances of Dog Biting

Top 10 Car Technologies

According to researchers at The Hartford and MIT, smart headlights, emergency response systems and reverse monitoring features rank highest in car technologies. As more and more of these features are incorporated into vehicles, we believe that it’s important for drivers to be knowledgeable of and use those technologies that can enhance safe driving capacity, comfort, and confidence. Smart headlights: adjust… Read More »Top 10 Car Technologies

How to Reduce Liability When Selecting Subcontractors

General contractors and/or prime contractors are designated “controlling employers” in the Occupational Safety and Health Administration (OSHA) construction standard. Controlling employers are defined as those contractors who may be held responsible for the actions of subcontractors, including bodily injury and/or property damage caused by subcontractors to the public, other contractor’s employees or for injuries to the subcontractor’s own employees. These exposures can be… Read More »How to Reduce Liability When Selecting Subcontractors

Avoiding Liability on Your Website

The Internet provides a rich environment for creative communication. Used with care, it can assist in increasing product safety. But in their enthusiasm to capitalize on its power, some companies are increasing their liability potential. • A company president was not aware of a product on his company’s website. The marketing department put it there because it was a product… Read More »Avoiding Liability on Your Website

California Signs Electronic Proof Of Insurance Bill

Yes! It happens right now. We witness a great moment of the history! Gov. Jerry Brown made California the seventh state in the nation to allow drivers to show proof of insurance coverage using their smart phone. Brown on Friday signed Assembly Bill 1708, a bill authored by Assemblyman Gatto, which will give drivers the option to show proof of… Read More »California Signs Electronic Proof Of Insurance Bill