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Accident Benefits for Overseas Federal Contract Workers

Zurich is now offering accident benefits to U.S. government contract workers who are employed overseas. Zurich’s new Defense Base Act (DBA) Accident Wraparound policy provides benefits for employees who are involved in accidents while off the job. Zurich also offers occupational coverage that provides compensation when contractors or owner-operators are injured on the job. The DBA, mandated by the U.S. government, requires all U.S. government contractors and subcontractors to secure workers’ compensation insurance for their employees working overseas, as well as provide death benefits to eligible survivors of employees killed in the course of employment. Zurich’s DBA Accident Wraparound policy… Read More »Accident Benefits for Overseas Federal Contract Workers

What? Physician Ruling is Back!

Just a few months after the California Workers’ Compensation Appeals Board ruled that a non-approved physician’s report cannot be used to support workers’ compensation eligibility, it is reconsidering that ruling.

Were you asked for your zip code while completing credit card transaction at a retailer?

Retailers in California are engaged in coverage disputes with insurers over growing litigation alleging privacy violations for collecting customer ZIP codes during credit card transactions. More than 150 lawsuits challenging the collection of ZIP code information have been filed against retailers that include Bed Bath & Beyond Inc., Crate & Barrel, Target Corp. and Wal-Mart Stores Inc. Forty separate class action suits on the subject were filed just 10 days after the California Supreme Court ruled in February that ZIP codes constitute “personal identification information,” the collection of which violates the state’s consumer privacy law, said Steve Fraser, senior technical… Read More »Were you asked for your zip code while completing credit card transaction at a retailer?

Best Insurance Coverage for Russia and Ukraine is…

…insurance coverage for Foreign Corrupt Practices Act investigations. FCPA Corporate Response was developed by Marsh’s financial and professional liability practice and provides cost of investigation coverage for individuals and the organization, the New York-based brokerage said in a statement. The coverage is triggered when an anti-corruption investigation is launched under the FCPA as well as foreign regulations, such as the U.K. Bribery Act. It is available to companies of all sizes that conduct business globally, Marsh said. “Responding to investigations launched under the (FCPA) and other anti-bribery statutes can require organizations to dedicate significant time and expense, including legal, accounting,… Read More »Best Insurance Coverage for Russia and Ukraine is…

EPLI Coverage

When shopping for EPLI coverage (Employment Practices Liability Insurance covers businesses against claims made by workers who allege that their legal rights as employees of the company have been violated) make sure to pay close attention to the following factors: 1. Check more Markets Admitted & Non-Admitted. Usually, admitted markets provide better coverage for the less premium; however, it these may not be always available for your operations. 2. Low Minimum Premium – it’s good when you don’t have to pay arm and leg upfront. 3. Broader Coverage: look for a package policy with D&O (*directors and officers), Fiduciary & Crime 4.… Read More »EPLI Coverage

WHAT HAPPENS WHEN A BUSINESS OWNER DIES?

When a sole proprietor dies, the business is almost certain to die with the owner unless there is someone in the family who can step in and keep it running. The reason is that the creditors of the business line up right away to collect their money. The beneficiaries are put under tremendous pressure to settle all accounts payable immediately. The problem this creates is that the business then must be sold, and quickly. Whenever it is necessary to sell quickly, the potential buyer is in a strong bargaining position, and the sellers can see their asset greatly diminish. In… Read More »WHAT HAPPENS WHEN A BUSINESS OWNER DIES?

WHAT IS BUSINESS LIFE INSURANCE?

This is one of the most neglected ways of protecting one’s family and business. The same types of life insurance are used in this area — it’s just the way they are used that’s different. Business life insurance is primarily a funding vehicle. It provides money for solutions to problems caused by death. If the problem is, say, loss of profits when an owner or other key employee dies, and if the solution is to have money on hand to offset lost profits and hire a replacement, then life insurance answers the question “Where will the money come from?” Most… Read More »WHAT IS BUSINESS LIFE INSURANCE?

Flood Insurance in California

With aging storm drains and no money in the coffers to fix them, flooding homes and businesses will become reality. Especially with 3 times the normal snowpack in the Sierras, parts of California will be affected even before next year’s rainy season. There are clients out there who have experienced downpours, flooding and mudslides wondering why they didn’t have more insurance to fix their mess. Paperless Insurance offers protection against these calamities.  But, remember, it is too late when a flood is imminent as there is a 30-Day waiting period before coverage is in effect. Even though it doesn’t normally rain much in California,… Read More »Flood Insurance in California

San Francisco Health Fee to Rise

Employers with workers in San Francisco must pay more next year to comply with the city’s health care spending law. Beginning on Jan. 1, 2012, employers with 100 or more employees in San Francisco will be required to spend $2.20 per hour per covered employee on health care, up from $2.06 in 2011. Employers with 20 through 99 employees will have to spend at least $1.46 per hour, up from $1.37, city officials announced last week. Employers with fewer than 20 employees are exempt from the requirement, which uses the funds generated to provide medical services to the uninsured. Premiums,… Read More »San Francisco Health Fee to Rise

Often Misunderstood Facts Surrounding Certificates of Insurance

Certificates of Insurance are informational only, and cannot be used to grant, amend, extend or alter coverage or policy terms; Inserting any additional wording onto a Certificate of Insurance that grants, amends, extends, or alters coverage is an improper use of the Certificate of Insurance and is in violation of certain state statutes; The number of days notice for cancellation to a Certificate Holder should not be inserted onto the Certificate of Insurance; this notice can only be accomplished by attaching a separate endorsement to the policy; The separate cancellation notification endorsement is attached to the policy, it is not attached to and… Read More »Often Misunderstood Facts Surrounding Certificates of Insurance