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Are Riots Covered on my Business Insurance Policy?

As businesses in England begin to seek insurance coverage for revenue lost as a result of recent rioting, business owners and executives elsewhere might wonder how their business interruption coverage would respond to a sudden outbreak of a riot. Most admitted insurance companies do offer business interruption coverage built into their commercial property policies that would respond to riot-related losses. Beyond income lost as a result of direct property damage, commercial property insurance also covers income lost due to restricted access to the property. In some cases, the coverage will pay employee wages in the event of a business interruption.… Read More »Are Riots Covered on my Business Insurance Policy?

Prepare for Business Interruption

Attorneys and insurance experts offer these tips on preparing for business interruption and pursuing reimbursement from insurers: EVALUATE YOUR RISK PROFILE: Take stock of specific risks posed to your company, industry and area. Stay informed of developments that could lead to civil unrest. Perform the same evaluation for entities in your supply chain, primary customers and receivers. KNOW YOUR POLICY: Work with your broker or risk consultant to understand the limitations of your business interruption coverage, including duration and proximity exclusions. DOCUMENTATION: Insurers typically require claimants to provide evidence of damage or lost income, and proof of a government-ordered evacuation,… Read More »Prepare for Business Interruption

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

Love your neighbor, Help your neighbor

State Farm and consumer research firm Harris Interactive surveyed more than 17,000 people about the state of American neighbors and found that 83% are willing to help a neighbor having financial problems. Every second person said that neighbors affect his or her happiness! Here is a brief summary of our staff advise on how to get closer with your neighbor and develop human mutual aid companionship: – Do your best to know at least a fair amount of your neighbors by name – If needed help a neighbor look for a job – If needed cook meals for neighbors –… Read More »Love your neighbor, Help your neighbor

Barbeque Safety: At Home and On the Road

Eighty-one million Americans have taken part in a barbecue during the last year. Many of them were in celebration of Independence Day. Whether you’re hosting a party or attending one, be sure to be safe when using the grill and handling food. Keep your grill, your home, and your loved ones safe by following these recommendations from the U.S. Fire Administration: Position the grill well away from siding and deck railings and out from under eaves and overhanging branches. Place the grill a safe distance from lawn games, play areas, and foot traffic. Keep children and pets away from the… Read More »Barbeque Safety: At Home and On the Road

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 (

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

Fighting Insurance Fraud

Insurance is no different than any other field of human endeavor; there are those who try to cut corners and seek unfair advantage. Everyone—employers, employees, medical providers, and insurance carriers—has an important role to play in identifying those who cheat. Fighting fraud is a big job, but you can take some simple steps to prevent fraud from affecting your workplace and wallet. Educate your employees about workers’ compensation. he law requires you to inform your employees about their workers’ compensation rights. They should understand the workers’ benefits for legitimate claims and the penalties for fraudulent ones. Don’t be afraid that,… Read More »Fighting Insurance Fraud

What is Return to Work Program

Numerous studies have shown that injured employees recover faster when they return to work. In addition, their return can decrease claims expenses, limit downtime, and eliminate the need for additional staff. A well-planned Return to Work (RTW) program can help bring your injured employee safely back to work as early as possible in a modified or transitional position. You gradually adjust the transitional job to accommodate the employee’s improving physical condition until they can return to their usual duties. You reduce your costs. Your employee can return to a self-supporting status. Everybody benefits.  Doesn’t that make good sense? If you have… Read More »What is Return to Work Program

Watch Your Car This New Year’s Day

You’ve got your plans for New Year’s? The list of commitments is ready, the fridge is stocked for the party. You’re ready to have the best ever yet New Year’s Celebration. And so are millions of people. Everyone is ready to relax, but vehicle thieves. New Year’s Day was once again the leading holiday for reported vehicle thefts in 2009, while Christmas Day repeated as the holiday with the fewest reported vehicle thefts. For the 11 holidays reviewed in 2009, a total of 22,991 vehicles were reported stolen compared to a total of 24,676 reported for those same days in 2008,… Read More »Watch Your Car This New Year’s Day