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TRIA Bill Renewal in June

According to congressman Randy Neugebauer, Chairman of the Financial Services Subcommittee on Housing and Insurance, the Members on the Majority side of the Committee are to unveil a draft outline that would reauthorize TRIA, but also modernize and reform the Program. They are working with Members over the next two weeks to finalize that draft. I will also sit down with our Ranking member to solicit his feedback with the hopes of working on a bipartisan basis. From there we plan to release a draft bill with the intention of holding a mark-up in June.Read More »TRIA Bill Renewal in June

AirCare – New Travel Insurance by Berkshire Hathaway Specialty Insurance

pack travel insuranceRight in time for the vacation season, Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel insurance line designed for travelers, travel agencies, tour operators and travel suppliers called AirCare.

AirCare is a fixed-benefit flight protection coverage available up to one hour before flight departure.

Compare Travel Insurance Quotes Now

Read More »AirCare – New Travel Insurance by Berkshire Hathaway Specialty Insurance

State-specific Resources for Workers Compensation

In this post we are providing some state specific Workers Comp. benefit overview.

National

Alabama

Alaska

Arizona

Arkansas

California

Read More »State-specific Resources for Workers Compensation

Environmental Claims Part 2: Examples that Can Lead to a Loss

In first part of this article series, we described claims scenarios that can result from your known and unknown environmental exposures. Because it’s often difficult to know when an environmental coverage is necessary, we’ve compiled a list of leading questions that will help you consider your environmental exposure.

For Contracting, Consulting and Transportation Risks

  • Do you ever have any contracts that ask for contractors’ pollution liability coverage? How have you responded to those requirements?
  • Do you think there could be any additional jobs available to you if you carried this kind of coverage?
  • Do you ever do any digging or excavation? What would happen if you hit an unknown pipeline or storage tank?
  • Do you ever do any work around/consult on the removal or testing of lead paint or asbestos? What would happen if you didn’t remove it all or dispose of it correctly? Are you involved in any way with Indoor Air Quality Testing?
  • Do you ever do any work around or provide consultation about hazardous materials? What about the transport/permitting of hazardous materials?
  • Do you ever haul or have you ever hauled any soils or other material?
  • Do you ever arrange for the disposal of any hazardous material?

Read More »Environmental Claims Part 2: Examples that Can Lead to a Loss

Protecting Religious Organizations: Unique Insurance Coverage to Consider

Traditional coverage religious organizations typically require include:

  • Liability Insurance – liability insurance protects the church when it is liable for damages caused to another or another’s property
  • Professional Liability or Acts, and Errors & Omissions Coverage – protects employees and the church in the event of a lawsuit for an actual or alleged wrongful act in connection with their position at the church
  • Business Auto – if the church owns a fleet of vehicles, they need to explore business automotive coverage
  • Workers’ Compensation Insurance – depending on state laws, churches may need to provide workers’ compensation coverage to its employees.

However, the following two unique insurance coverage are applicable to every religious organization:Read More »Protecting Religious Organizations: Unique Insurance Coverage to Consider

Insurance for Home Business and Office

Home business insurance is just what it sounds like — insurance for business conducted off private residence. If you have a full-time or part-time business you operate from your home, you should consider this coverage because most HO policies don’t cover an in-home business.

Why Paperless Home Business Insurance?

Our home business insurance is coverage specifically designed to meet the needs of home-based business owners. From accounting services to crafts to computer repair services, every policy is quoted and written with the specific business in mind. It is affordable, quick and available for 200 unique home-based businesses.

Are you covered?Read More »Insurance for Home Business and Office

Small Business: Getting Started with Start-ups

By Laura Mazzuca Toops, April 1, 2014, PropertyCasualty360.com

In a sign that the U.S. economy is finally on the (gradual) upswing, the entrepreneurial rate in the U.S. is now higher than it was at the height of the dot com bubble of 15 years ago, according to the Kaufman Index of Entrepreneurial Activity (KIEA) — which currently lists more than 20 million non-employer businesses, with more starting every day. As defined by the U.S. Census Bureau, non-employer businesses have no paid employees, have annual receipts of at least $1,000 and are subject to federal income taxes. These new businesses can range from part-time consultants to billion-dollar start-ups backed by big private-equity money.Read More »Small Business: Getting Started with Start-ups

Four Steps to Help Keep Employee Drivers Distraction-Free

Keep Employee Drivers Distraction-FreeIn observance of National Distracted Driving Awareness Month (celebrated by National Safety Council), we are providing important information to help businesses with employees who drive as part of their job safeguard against distracted driving. According to the National Safety Council, the average work-related motor vehicle injury claim costs $69,206, which is twice as much as other work-related injuries.

Helping employees avoid distraction while driving starts with management and creating a culture committed to safety. Employees who drive for work often feel pressure to respond to emails and phone calls, especially from their manager. It’s important for company leaders to set the expectation that it’s better to respond later than while driving.

More than two in three drivers admitted to talking on a cell phone while driving, according to the AAA Foundation’s 2014 Traffic Safety Culture Index. Additionally, one in four drivers admits to typing or sending a text message or email while driving. Despite these behaviors, a recent survey of our customers found that only 27 percent reported having a formal policy on distracted driving that was strictly enforced.
We recommend a four-step program to help businesses better protect their employees from distracted driving:Read More »Four Steps to Help Keep Employee Drivers Distraction-Free

Environmental Claims

Demolition Contractor – AsbestosDemolition Contractor – Asbestos

  • During the demolition of a portion of a museum, a contractor inadvertently disturbed unknown asbestos that had been contained in the floor tiles. The asbestos contaminated other areas of the museum, forcing closure during the remediation. The demolition contractor was held responsible for the clean-up costs and business interruption.
Drilling Contractor – Raw Sewage
  • A subsurface drilling contractor caused the release of raw sewage into both the soil and groundwater after failing to identify a sewer line before drilling. The clean-up included the excavation of several tons of impacted soil and caused a number of nearby businesses to be shut down for a few days after their basements filled with sewage. Substantial claims for business interruption and clean-up costs were filed.

Drywall Contractor – Mold

  • A drywall contractor was hanging new drywall at a construction project when an employee accidentally drilled through a small water pipe located behind the wall. The drywall contractor did not realize the leak occurred and a substantial amount of mold grew between the walls before anyone noticed. The drywall contractor was held responsible for clean-up of the mold, as well as defense of third-party bodily injury claims.Read More »Environmental Claims

Swimming Pool Insurance and Risk Management Guide

Summer is just around the corner. Weather permitted and people are rushing to swimming pools for fun, workout, recreation. If your facility manages swimming pool (including HOAs), take a moment to review this guide as using swimming pools and spas involves a certain amount of risk. You do not want an accident to spoil the good times patrons have come to expect. Fortunately, most accidents can be prevented, but it takes a great deal of responsibility and diligence on your part.Managing a swimming facility is complex, so this guide is not intended to provide all the answers regarding swimming pool… Read More »Swimming Pool Insurance and Risk Management Guide