Looking for a superior coverage for exotic, collector and high-value autos. Most standard auto carriers will not write coverage for autos valued over
$150K. Our exclusive high-value car insurance program offers coverage for vehicles up to $750K in value.
We’ve recently written the following accounts:
Read More »Insurance for High-Value Auto
Start saving on Motorcycle Insurance Now! Get a Motorcycle Insurance Quote now: https://www.paperless-insurance.com/motorcycle-insurance-quote/ Motorcycle Safety Course Discount: 5% This discount is applied if the operator has taken an approved course within the last 3 years. This discount does not apply to low-speed vehicles. Motorcycle Safety Course Instructor Discount: 5% This discount is applied if the operator has instructed an approved Motorcycle Safety Course within the last 3 years. This discount does not apply to low-speed vehicles. If a policy qualifies for both the Safety Course and Safety Course Instructor Discounts, only one discount will apply. Multi-Vehicle Discount: 10% – 30% • 10% for two… Read More »Motorcycle Insurance Discounts
If you have been injured at work, you need to be aware of the deadlines that apply to workers compensation claims in your state. In most states, there are two types of workers compensation deadlines. The first is a deadline to report your injury or illness to your employer, and the second is a deadline for filing a claim for benefits. If you miss either of these deadlines, you could lose your benefits eligibility. Use the chart below to learn about the deadlines in your state. State Report the Accident to Your Employer in Writing* File a Workers’ Compensation Claim**… Read More »Workers Compensation Deadlines – All 50 States
Slip-and-fall accidents can hurt customers, cause big headaches for you and even land you in court.
Customer slip-and-fall incidents account for about 10 percent of small business claims at an average price tag of $20,000, according to claims data from The Hartford. If the customer files a lawsuit, which happens about 35 percent of the time in general liability claims, that amount can easily increase to $75,000 or more.
Fortunately for small business owners, there is a way to financially protect your business. Business insurance covers the cost of slip-and-fall accidents that happen to customers, guests and others—such as a delivery driver—who stop by your business. The insurance will even cover you if you get sued. What general business insurance does not pay for, however, are employee slip-and-fall accidents. Employee injuries must be covered by workers’ compensation insurance.Read More »Prevent Slip-and-Fall Accidents from Tripping Up Your Business
Let’s talk about the home office deduction. People ask me about it all the time. “Can I take it?” “Do I qualify?” “Will it increase my chances of getting audited?” All of these are reasonable questions—particularly nowadays, when the numbers of mico-businesses, home-based entrepreneurs, remote workers, work-from-home employees, and freelancers have grown so much over the past few years.
Here’s the answer, in a nutshell: The home office deduction is perfectly legitimate and you should absolutely consider it. Here are some important facts about this deduction—all sourced from the IRS’ summary, Publication 587 (Business Use of Your Home) and Form 8829 (Expenses for Business Use of Your Home). Of course, you should also check with your accountant.
Number 1: To even consider getting the deduction, a part of your home has to be your principal place of business. Read More »5 Things You Need To Know About the Home Office Deduction
One click is all it takes to order goods, exchange payment, and have the items shipped and delivered to a doorstep within hours.
But what happens when that one click is not used to facilitate commerce but rather used to intentionally or even accidentally disrupt a network? When one click releases a malicious code causing an assembly line to come to a screeching halt? When one click transfers millions of dollars to a fraudulent account? When one click by a rogue employee disseminates the contents of personal files to the public? In these instances, who is ultimately responsible?
In recent cases, fingers have pointed directly at the board of directors. Since 2013, several shareholder derivative suits have been filed following network security breaches. Defendants have included Home Depot, Horizon Blue Cross Blue Shield, Target, Wyndham, and Wendy’s. Technology is changing at a rapid pace, and it is clear that consumers and shareholders have high expectations for businesses and those who run them.
Allegations in these network security cases have included breach of fiduciary duty, negligence, breach of implied contract, and violation of various state and federal statutes. Interestingly, most of the aforementioned cases have been dismissed (or settled) – apart from Wendy’s, which is still in its early stages. These dismissals are showing that the plaintiffs are having difficulty: (1) proving corporate mismanagement as a direct cause of harm from a data breach, and (2) showing actual compensatory injuries as a direct result of the breach. Courts have been dismissing cases in which actual damages have not been proven.Read More »Cyber Liability and D&O
Renting space for your small business involves more than finding the perfect location at a price you can afford. Why? You’ll also need to sign a lease, a complex document that typically favors the landlord—and your success can hinge on its provisions.
But the terms of a lease are usually flexible, and with a little know-how, you can negotiate terms that work for both yourself and landlord.
Things to Know Before You Negotiate Your Commercial Property Lease
These are key areas to consider before you sign on the dotted line.Read More »What You Need to Know Before You Lease Commercial Property for Your Small Business
When a cement truck turns over and pollutes a stream, how is that exposure addressed on your insurance policy? If a freight hauler is unloading drums of soap and one of those drums turns over and spills into a storm drain, how are you protected? At Paperless Insurance Services we offer transportation pollution liability (“TPL”) coverage to address these exposures.
Transportation pollution liability provides protection for products or materials transported, shipped, or delivered by the insured or by a carrier on the insured’s behalf. Typically, TPL offered to risks with transportation exposure, but some carriers will also specifically include loading and unloading. While unendorsed contractor’s pollution liability (“CPL”) policies may include coverage for vehicle use at a job site, they usually offer little or no coverage for transportation exposures away from a job site. TPL would be available to address this exposure. Additionally, TPL is available for site-specific risks with transportation exposures including manufacturers, freight forwards, and distribution centers. This enhancement can be endorsed onto site pollution to address their exposure.
While capabilities vary from carrier to carrier, most insurance companies offer coverage on a blanket or scheduled basis with occurrence and claims-made triggers available. Typically, minimum premiums start around $2,500.
Business investors, landlords, and owners of the residential and commercial property have vacant and rental structures for different reasons, including but not limited to a change in tenants,
recurring renovations or refurbishment, and selling the structure. When occupancy changes, the dynamics of loss exposures may shift significantly. Many insurance companies and homeowners policies will not insure or offer adequate protection for such property. If you’re looking for an experienced provider who understands these exposures and is committed to the property insurance market the search is over, as we provide access to coverage for vacant structures and rental dwellings and offer a simple process to convert policies as tenant occupancy fluctuates.
Ask yourself these questions when selecting an insurance provider for vacant and rental property coverage:Read More »Vacant and Rental Property Insurance
Burglar bars, also known as security or window bars, can be found on any type of structure – single-family home, apartment building, storefronts. The bars provide a visible sign of security serving as both a deterrent to potential burglars and a reassurance to those who had the bars installed. However, burglar bars can also be dangerous, preventing residents and other occupants from escaping in the event of a fire and leading to fatalities.
Based on data obtained from the National Fire Incident Reporting System (NFIRS), on average, about 25 civilians are injured or die each year in fires where escape is compromised by unauthorized bars or gates. The actual numbers may be larger than that, due to the fact that the presence of burglar bars is not always collected in a way that is recorded by NFIRS (e.g., written in the text but not coded). The most recent version of NFIRS, version 5.0, allows for the collection of data concerning burglar bars; however, data from the new version is not yet available.
Most fatalities/injuries involving burglar bars occur in residences when people become entrapped by the very bars that are supposed to protect them. Children, the elderly, the mobility impaired, and firefighters are especially vulnerable. The bars also can hamper rescue efforts, especially the efforts of those who arrive before public safety personnel.