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What is DOL: Defense Outside of Limits in Business Insurance

“Defense outside the limits” is a term used in insurance that refers to the coverage provided by the insurer for expenses incurred by the insured in defending against a claim, even if the claim is ultimately found to be outside the scope of the policy. While “defense outside the limits” coverage is not required by law, it is often included in business liability policies as an added layer of protection for the insured.

What is FDD: First Dollar Defense on Professional Liability / Errors and Omissions Insurance

The fist dollar defense is a term used in E&O insurance. It means that the insurance company will cover the first dollar of any damages that are awarded to the policyholder. This is in contrast to a policy where the insurance company only covers a certain amount of damages, such as the first $10,000. The fist dollar defense is beneficial to policyholders because it ensures that they will not have to pay any damages out of pocket.

No one wants to leave for vacation only to realize that they forgot to shut their windows at home. Use these tips to prep your home before you set out.

Prep Your Home Before a Vacation

Before COVID, US residents took an average of 1.9 billion trips for leisure per year. If you’ve traveled, you probably already know that taking a vacation requires a lot of planning. Between booking flights and hotels or deciding which roads to take and sights to see, there are a lot of moving parts to a great vacation plan. But as you coordinate your… Read More »Prep Your Home Before a Vacation

Additional Insured Form Comparison

CG 20 10 (Edition 11/85): Ties Additional Insured status to liability arising out of “your work” – i.e., the named insured’s work – for the additional insured. Applying the coverage to “your work: encompasses liability incurred while the named insured’s work is in progress and also the named insured’s completed operations. Addresses a coverage requirement that is frequently imposed by… Read More »Additional Insured Form Comparison

Landlords and Habitability Claims

In parts of the U.S., the housing market remains locked in a perpetual impasse between high demand and low inventory of affordable residences. In heavily populated states such as California and much of the Northeast, soaring rents have led to overcrowding in multifamily dwellings, which can lead to living conditions more conducive to maintenance and habitability concerns such as sewer… Read More »Landlords and Habitability Claims

10 Most Common Auto Insurance Claims and How to Avoid Them

If you can avoid auto claims, it will save you big time on your insurance costs. The rate you pay is based, in part, on your past driving and claims history. While no one wants to have an accident, they do happen on occasion. That’s why we call them accidents, after all. Auto insurance is an important part of protecting yourself and your assets.

Even more, it can save you time and injury if you can keep your car and its occupants safe. Here are 10 of the most common auto insurance claims and tips on how you might avoid them.

Guide on Buying Collector Car

You’re in the market for a collector car? Congratulations! Most new buyers can’t wait to run out and make a purchase, whether it’s a car, truck or motorcycle. But next to buying a home, a collector vehicle may be one of the bigger financial transactions most people ever make. You likely wouldn’t purchase the first home you tour, and you should… Read More »Guide on Buying Collector Car