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Travelers New Commercial Auto Endorsement CAT4200710 edition

I m a g i n e   T h i s : You own a small consulting firm. One of the employees has a meeting with one of the firm’s most important customers located across town. The employee decides to use his own personal car to get there. While en route to meet the customer, the employee runs a red light and injures a pedestrian crossing the street. Unfortunately, the employee’s personal auto policy did not fully cover this loss. Luckily, you purchaseв the Select Auto CoveragePlus endorsement along with liability coverage for any auto under your current Travelers… Read More »Travelers New Commercial Auto Endorsement CAT4200710 edition

Simple Ways to Protect Private Information

Use different passwords for your login accounts. Hackers know that it’s very common for people to use one password consistently. So, make sure your password varies. Also, avoid including words or information in your passwords that someone could easily derive. For example, don’t combine the name of the street you live on with your birthday. Recognize “phishing” attempts, avoid them and report them. “Phishing” is when you’re on the web and someone poses as something legitimate—friend, family member, government entity, bank or other trusted organization—in order to draw personal data from an unsuspecting person. Phishing can occur via text messages,… Read More »Simple Ways to Protect Private Information

Keep jewelry OFF the Homeowners policy, here’s why..

If jewelry is on HO: The impact of a jewelry claim is serious! Jewelry loss counts as HO loss. Jewelry losses hit CLUE and PILR reports. Client loses homeowners’ “claim free” rating. HO policy is difficult to re-market after a loss. “Mysterious disappearance” claims, in particular, are red flags. HO policies have capacity limitations. Many HO carriers will not cover higher-value jewelry. HO policies will not list non-family members with “insurable interest.” NOTE: 70% OF PERSONAL PROPERTY THEFT LOSSES ARE JEWELRY Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

Hard Market – Should you wait for it?

If you have active business insurance policy, do your best to keep it, and have no cancellation, especially for non-payment’ otherwise, your policy underwriter can say that future “rewrites” after midterm cancellation may be problematic. This means that another rewrite may need to go through brokerage where rates on your class most likely will be higher and forms more restrictive, probably Claims Made. Most “experts” feel we are on the cusp (

Riot Damage Coverage – What you should know

As many as 50 storefronts were damaged or destroyed in rioting and looting in Vancouver Wednesday night following the Vancouver Canucks Stanley Cup Finals loss, though not all of the riot damage will be covered by insurance. While Business Owners Policy would cover for things like theft and vandalism, and fire related losses, storefront windows are usually covered under a special contract with glass companies, and often exlude riots, criminal acts and terrorism.

Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)

In addition to the full complement of HR helpline services available to policyholders, we have been a consistent, steady market for Non-profit D&O and related coverage for over 6 years. We can provide coverage for virtually all classes of business, including nursing homes, water districts, airport authorities and social service organizations. We can work from any carrier’s application, turnaround time is about a day, and policy issuance usually happens within a day. We offer A+ A. M. Best security from Old Republic Insurance Company, defense costs outside the limits, and no emotional distress or mental anguish exclusion of any sort.… Read More »Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)

Prevent Human Error in Workplace if You Can

If a worker makes a mistake that leads to an accident, should that employee take the blame? Maybe not, according to Indiana University of Pennsylvania Safety Sciences professor Jan Wachter. Wachter believes that human error in the workplace, while not completely preventable, can be managed by better tools to motivate and engage workers in the safety process. “While human error has been associated with the majority of incidents in the workplace, it can be managed through a variety of mechanisms. But motivation and worker engagement may be the keys to human-error reduction,” he said. Wachter will test this theory in… Read More »Prevent Human Error in Workplace if You Can

Make Sure to Insure Your Cargo in California

Very surprising news we got today from the Golden State:  California led the nation in cargo thefts last year, with 247 of 747 thefts in the U.S. that were estimated at $171 million, according to a report released last week by the National Insurance Crime Bureau. Texas was the next most-targeted state for cargo thefts, with 91 in 2010. There also were 66 in Florida, 56 in Illinois, 40 in Tennessee and 39 in Georgia, according to the Des Plaines, Ill.-based NICB’s ForeCAST Report.  Electronics were most often the target of cargo theft, with 139 incidents. There were 108 cases… Read More »Make Sure to Insure Your Cargo in California

How Important to Go Through Drill

If you ever rolled your eyes during a fire or earthquake drill, may be this short article can help to reintroduce the value of readiness exercises. Florida, for example, a state well know for it’s catastrphes and high insurane rates, annual training to prepare for hurricane season. All state agencies as well as county emergency management departments are taking part in the exercise that will test computers, communications gear and other equipment as well as personnel. Officials will be coping with simulated flood and wind hazards as well as possible tornadoes spun off from the storm. Paperless Advise: make sure you… Read More »How Important to Go Through Drill

Record Losses from Weather

Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Globally — including the major earthquakes in New Zealand and Japan — U.S. and overseas insurers could post up to $55 billion in losses, EQECAT projects. In the United States, billions of dollars in damage were the result of a rare violent weather hitting densely populated areas. Paperless advise: Check your insurance for the following coverage 1. Drain back up 2. Debris Removal 3. Flood 4.  Consequentual loss 5.  Loss of business income 6. Exterior Sign Coverage 7. Earth movement… Read More »Record Losses from Weather