Educational institutions face evolving risks across property, casualty and cyber liability. Learn how to school districts should be covered for casulty, property, cyber, and SAM insurance.
Restaurant insurance protects your business from unexpected costs like lawsuits, injuries, and property damage. Learn what coverage you need, how much it costs, and why it’s crucial from day one.
Why General Liability Coverage Alone Isn’t Enough When it comes to construction projects, General Liability insurance is essential but not always sufficient. General Liability typically covers third-party bodily injury and property damage claims resulting from faulty workmanship, but it doesn’t cover the costs to repair or replace the defective work or products. This is where Professional Liability insurance comes into play. Professional Liability, also known as Errors & Omissions (E&O) insurance, can cover these costs, including situations where faulty workmanship causes only financial losses without any physical damage. For most construction claims, which often involve bodily injury or property damage,… Read More »Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors
“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.
See revised and updated version of this post here: https://www.paperless-insurance.com/additional-insured-form-comparison-2/ – revised on August 12, 2024. 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 project owners on contractors doing work for them – “the contractor will provide the owner with additional insured status for claims against the owner arising out of… Read More »Additional Insured Form Comparison
While slip, trip and fall hazards are present year-round, there is an increased potential for them in the winter months due to snow and ice. As a property owner or manager, you must make a reasonable effort to reduce the potential for injury to your guests, employees and patrons. Any business that has people visiting its facility (e.g., hotels, apartments, manufacturing firms, shopping centers, supermarkets, office complexes) can be susceptible to this hazard and the associated liabilities. The first line of defense against slip, trip and fall incidents includes having a well-planned strategy and implementing a snow and ice removal… Read More »Protecting Against Slips, Trips and Falls During Winter
This original post was published on 6/29/2021 and fully updated on 3/5/2024. Many business owners ask themselves do I need liability insurance for my business if my customers sign a waiver, and the answer is yes. A waiver or release form is a contract designed to shift liability away from the business with the consent of the customer. Waivers are meant to significantly alter the legal landscape from a place where the business is responsible for a place where responsibility lies more with the customer. However, if a customer makes a liability claim, release forms may not always be enforced.… Read More »Do I Need Liability Insurance for My Business If Customers Sign a Waiver?
There are hundreds of thousand of small, medium and large manufacturing facilities operating in the United States today, and each one of them faces unique risks and challenges due to the complex process of making stuff. Business Owners Insurance Can Help Protect Against Common Problems 1) Equipment Failure Due to the nature of manufacturing, the risk posed by equipment breakdown can be grave. Because of the high pressures that can build up throughout the fermentation process, storage tanks and vats can break down or even explode if not properly maintained. Small-scale facilities will rarely have backup equipment at the ready in the… Read More »Insurance for Manufacturers – 4 Common Claims
Designed to protect truck brokers in the event one of their contracted truckers has a coverage issue. Truck and freight brokerage operations need coverage for the exposures presented when their clients’ policies fail to respond. Our Truck Broker Contingent Liability product helps to service this segment of the industry. Coverages Contingent auto Contingent cargo E&O General liability Limits Truck Brokers Up to $5,000,000 – Contingent Auto, GL, Professional (E&O) Up to $250,000 – Contingent Cargo Truck Leasing $1,000,000 – Contingent Auto $100,000 – Off-Lease Physical Damage Availability National Requirements Contingent Brokerage Application: https://paperless-insurance.com/insurance-application/ Sample Broker Carrier Agreement List of Motor Carriers… Read More »Truck Brokers’ Contingent Liability
Hashiri/Facebook A brewery in Michigan recently opened several “craft beer shanties” where customers can be served outside while indoor dining is temporarily restricted statewide. The owner of Brass Ring Brewing in Alger Heights reportedly modeled the enclosed wooden structures after ice fishing shanties and said they can be reserved in 90-minute blocks by groups of four, as long as the guests are from the same household. The restaurant is one of many establishments in the U.S. and Canada building temporary outdoor dining structures in an effort to keep business flowing amid surging COVID-19 cases, new restrictions on indoor dining, and cooling temperatures. The options… Read More »Outdoor Dining Structures Could Put Restaurants at Risk