When a business suffers a loss to a fixed physical asset, such as when a fire damaged a building, the insured may incur an interruption to their business which can result in the loss of income and the incurrence of expenses. The Property insurance policy will define what a business interruption (BI) loss is and …
For almost 15 years, Paperless Insurance Services agency has offered exceptional and cost-effective insurance solutions for educational institutions. We specialize in Higher Education insurance for colleges and universities with 10,000 or fewer enrolled students and provide excellent insurance products that cover everything from general liability, property, educators legal liability, employment practices liability as well as …
Just about all types of contractors have environmental exposure. From a roofing contractor to an electrical contractor and everything in between, there are various degrees of environmental exposures. Who needs Contractors Pollution Insurance? Many contractors have a need for Contractors Pollution coverage, including, but not limited to: Utility, street, and road Plumbing/piping Excavation/grading Heavy highway …
There have been many alarming stories in the media about sexual abuse of children in athletic organizations, religious organizations, and schools. Organizations have a responsibility to protect the children they support from a sexual perpetrator. Beyond the moral responsibility, some organizations, such as youth sports organizations, are required by law to take specific steps to …
Don’t overpay for your insurance. Using industry grade professional rating tools we can help you to calculate the replacement cost (RC) of your property and explain the co-insurance requirements, so you’re paying for insurance only what it should cost you. Remember: if the actual replacement cost of your property is $300K but your insurance policy …
Contracts record specific promises agreed to between parties. At best, contract negotiations can be time-consuming, complicated and frustrating. Construction contracts are no exception. One of the promises that the parties make to each other is the kind and amount of insurance required for a construction project. Project owners will require contractors on a project to …
As of September 2018, 37 states require carriers to report coverage on vehicles they cover to departments of motor vehicles. Many states require data for commercial vehicles and have rigid timelines for reporting based on the coverage effective date. Some states are considering fines for continually exceeding their timelines. Police patrol cars now scan vehicle …
A common in the claim process is the late reporting of claims. There are many reasons for missing a reporting deadline; however, in most cases, they will not matter. We have seen the courts stand behind the strict reporting requirements of the insurance policy. The policy is a binding contract between the two parties, and …
Each calendar year, the Internal Revenue Service (IRS) makes modifications and amendments to the tax code, but through each iteration, the Low-Income Housing Tax Credit (LIHTC), Solar Investment Tax Credit (ITC) and Historic Tax Credit (HTC) have remained intact. These credits were created to encourage the flow of private funds into specific solar, low-income housing …
Allegations of sexual harassment have made headlines across virtually all areas of society: churches, entertainment, politics, businesses, non-profits, sports, and education. In October 2017, the #metoo hashtag was used by more than 4.7 million people on Facebook during the first 24 hours to disclose stories of harassment and abuse. Time magazine even named “The Silence …