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What is D-1 Disclosure Form in Insurance

What-is-D-1-Disclosure-Form-in-InsuranceSeeing the words “not licensed”, “insolvency” and “payment of claims may not be guaranteed” on an insurance policy can, understandably, cause concern with insureds, especially those with little to no experience with the excess and surplus (E&S) marketplace. Let’s take a closer look at required disclosure wording used on surplus lines policies so when your insureds have questions, you can put them at ease.

What is D-1 Disclosure Form in Insurance

Prior to binding insurance coverage with a non-admitted carrier, you are required to sign the Disclosure Form (D-1 Form), formally making you aware of the insurance policy being issued by the non-admitted insurance company.

1. “The insurance policy that you are applying to purchase is being issued by an insurer that is not licensed by the state of California.”

Wording on a policy that references an unlicensed carrier means that the policy was issued by a non-admitted insurance company. A non-admitted insurance company is not licensed in the state where the risk or insured is domiciled and does not file rates in that state. “Not licensed as an admitted carrier” does not mean unregulated. Each insurer must meet certain criteria to be an eligible non-admitted market, including regulations for solvency. It does mean that the carrier has the ability to set their own rates for the classes of business they write, leading to the flexibility in rate and form that is a key differentiator in the E&S marketplace.

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Commercial Kitchen Fire Safety

commercial grade kitchen equipmentOperation of a commercial grade kitchen, many safety considerations should be addressed, including food safety, employee and volunteer safety, and fire safety. This blog post addresses the specific issues associated with providing adequate fire safety for your kitchen.

Commercial cooking operations are defined as kitchens that have cooking equipment that produce grease and grease laden vapors. This includes flat grills, char broilers and deep fat fryers. The typical residential range (electric or gas) would not be considered a grease producing appliance. Other equipment, such as ovens, microwaves and steam kettles also fall into the non-grease producing appliance category. The following is information regarding two of the most common types of equipment that produce grease and/or grease laden vapors.

Deep Fat Fryers

Deep fat fryers are a major cause of kitchen fires. Oil can splash and easily come into contact with an open flame from an adjacent piece of cooking equipment, such as a gas-fired range top. A 18-inch clearance must be maintained between the deep fat fryer and the open flame cooking equipment. If a 18-inch clearance is not possible, a vertical steel barrier extending 12 inches above the top of the deep fat fryer or open flame appliance(s) can be used as an alternative means of protection.Read More »Commercial Kitchen Fire Safety

What insurance do dental labs really need?

What insurance do labs really need? In this short article we provide answers to some of the most common insurance related questions. Today dental lab owners and lab technicians can be sued. But it is never late to give your business insurance a check-up and determine the type of liability insurance you need to have and then to make sure you have it. The good place to begin with is to check the NADL (National Association of Dental Laboratories) or your state dental laboratory association. If you are a member of NADL than you can talk to their membership service… Read More »What insurance do dental labs really need?

Earthquake Deductible Buyback in California

A few facts about earthquake insurance: Fact I:  Most residential insurance policies do not cover earthquake damage – a separate earthquake policy is required. Without earthquake insurance to help you cover the costs of repairs and other expenses that come with catastrophic damage, you will pay out-of-pocket to fix your home, to replace your personal property, and to live and eat elsewhere. Fact II:  Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates depend on location and the… Read More »Earthquake Deductible Buyback in California

Renters Insurance Quotes

Protect your belongings for as little as 57 cents a day Chances are your landlord’s insurance won’t cover your personal property if there’s a fire or break-in. By getting renters insurance for as little as $0.57/day, you can protect your belongings and help make sure you can replace them if something happens. When you get renters insurance through Paperless Insurance Services, you’ll be able to: ► Save time — you’ll receive instant multiple quotes within minutes. ► Find affordable rates — choose from several options (coverage and carriers) ► Buy easily — purchase online or over the phone. ► Save even… Read More »Renters Insurance Quotes

CA Work Comp Carriers Change Rates

Several California admitted insurance companies are going to file new rates with the California Department of Insurance for workers’ compensation policies effective in July 2020. To see a comparison of averages rates and to learn more about how these changes affect premium, go to www.paperless-insurance.com and click on “Get a Quote Now”. As you are shopping for the renewal, it is important to keep in mind that not all rates change uniformly. Rates for some policyholders will go up and some will go down. Knowing how much your renewal rates are changing could be valuable information to have as you… Read More »CA Work Comp Carriers Change Rates

Cheesy for some Papa John’s

Fireman’s Fund has opened the door to a new eligible risk and franchise for Paperless Insurance! The franchise’s ‘Better Ingredients,  Better Pizza” has made them infamous but their esteemed reputation and recognized leadership practices has made them our goal! Papa John’s Pizza now eligible in Paperless Insurance’s national Pizza Operators Insurance Program. Our program is written on a Business Owners Policy (BOP), which includes Business Personal Property with Tenants Improvements and Betterments, Business Real Property (if insured owns the building) and Business Liability. The BOP also includes Data Compromise, Crisis Management, Food Contamination, and Identity Recovery. Other coverages available in most states include Non-Owned Auto, Hired Auto, Owned Auto, Excess Liability, Liquor Liability, Workers Compensation, Employee Benefits Liability, Employment Practices Liability and Payment… Read More »Cheesy for some Papa John’s

Zurich Settles Half a Billion Claim

Zurich Financial Services Ltd. and its Farmers Group Inc. subsidiary are paying $455 million to settle a class-action lawsuit challenging management service fees paid to Farmers, Zurich said Thursday. Law suite details you can read on your own – Google is your friend. We just want to point to your attention that Zurich and Farmers Group “do not accept that there is any basis” for the claims regarding the management fees, but Zurich said it decided to settle “in order to provide certainty to its shareholders and clarity to customers as well as to avoid the risks and significant exposure of… Read More »Zurich Settles Half a Billion Claim