Businesses involved in wildfire response and disaster cleanup must follow classification guidelines to ensure proper insurance coverage. Learn how CA WCIRB resources help classify operations, manage risk, and navigate business changes effectively.
This post provides 10 tips for staying safe after a hurricane, covering hazards like downed power lines, chain saw use, snakes, contaminated water, mold, and more.
You know that severe weather can be unpredictable and strike at any time,
so you have disaster insurance in place to help you recover from a storm. In the event your property is damaged by a hurricane, tornado, hailstorm or similar disaster, you will want to get back on your feet as fast as possible. So, we recommend taking the following actions for the fastest, most efficient handling of your claim.
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 the provisions are usually very clear. We have yet to see a “sympathy clause” in an insurance policy.
Claim Reporting Requirements
An insurance policy is not tested until there is a claim made against it. Most policies are straightforward regarding the acts or events that are covered. Insurance policies also spell out the proper way to submit a claim to the insurer. Within the reporting requirements, you’ll often see time requirements, as well as a list of the information that must be included, that establish sufficient notice of claim or loss.Read More »Claims Reporting: Better Late than Never?
According to the recent ruling of West Virginia Supreme Court pharmacies and doctors who negligently prescribed pain medication can be sued for enabling people’s addictions. According to court documents, FBI raided and shut down the Mountain Medical Center in Williamson in 2010 and found evidence of improperly prescribed controlled substances involving 29 people who became addicted while were Center’s patients looking for a treatment in connection to job-related injuries or injuries stemming from car accidents. The plaintiffs had filed eight separate lawsuits against three pharmacies and Medical Center and four of its physicians. After the FBI raid, one of the… Read More »Addicts Can Sue Pharmacies and Doctors
This morning, downtown Los Angeles is on a massive fire.
The apartment tower that was under construction is burnt down to ashes. Other buildings surrounding it are heavily damaged.
When the fire department is finished, who is going to pay for damages?
First, the damage to the building under construction worth at least the cost of all the materials that are now gone. These are tens of thousands of dollars that the building owner has lost, UNLESS he had Builders Risk Policy in place. Builders risk policy, which is sometimes called Course of Construction policy will pay for the cost of materials lost due to the fire.
Second, what about the neighbor buildings that are damaged too? What if there are people injured (hopefully not)? This is the liability of the apartment building owner which could be tens of thousands of dollar too, UNLESS he had Owners and Contractor’s Protective liability Policy. This is a liability policy which pays for property damage (buildings burnt, roads and street lights damaged) and bodily injury (people injured or dead) that results because of owner-builder’s liability during the construction.Read More »Insurance During the Course of Construction
Roof is the largest single surface and the first line of defense in protecting your home. Insurance carriers tend to see a lot of damage to roofs in those instances where they also have structural claims. Obviously certain portions of the country get very different climate and different winter weather. The northern states will have heavier snow and ice, where the south may get more rain.
Often times our prospective clients tell: – “I wouldn’t worry about this…” or “I wouldn’t worry about that particular issue with my coverage… How likely people are going to sue me for something I should not be responsible for?”
Well, our answer is something most people are not going to like:
– In United States of America everyone with a slightest chance your operations/negligence/products have something to do with the accident or claim that occurred is to be found responsible.
For example,
Swiss Re has released a report – ”New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management expertise to observe and evaluate new and emerging risks.”
Some of the other emerging risks examined in the SONAR report includes the following:
Our West Coast readers can skip this post. All other homeowners in the U.S. are aware that with a snow comes snowplow damage.
Mailboxes often are the first objects damaged because of snowplows, and the city ordinance may note that city shouldn’t be responsible for digging them out if they are covered with snow. Many properties sustain damage after a municipal snowplow driver tear apart the entire length of road at the front of residence, damage parked vehicles, lawns. Residents whose property lie beside public roads are reminded not to place any type of private property, including landscaping shrubbery, fences, light posts or mailboxes, in the right of way.
Here is a short video of snowplow literally cleans Brooklyn’s street.