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risk management

You Would Have to Be High Not to Buy This Coverage

Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers  operating within state guidelines have a new option to protect themselves. Coverage for medical marijuana operations is now available. In addition to working with one of the largest, A+ rated, international insurance carriers to develop the raid coverage program, the programs specifically designed to meet the evolving insurance needs of the medical cannabis community to protect legally operating medical cannabis businesses. The coverage provides relief to cannabis operations raided by state or local law enforcement agencies provided the operations have adhered to all specified state and local cannabis-related guidelines and are found innocent… Read More »You Would Have to Be High Not to Buy This Coverage

How to Manage Risks Associated with Delivery

Delivery accidents, whether those are pizza or sushi sedan delivery, or large track furniture delivery, can result from, but are not limited to: Rear-ending the car ahead because the delivery driver is following too closely, speeding excessively or driving while distracted; Turning-related accidents while making U-turns, failing to observe other vehicles and conditions, failing to yield and turning left through intersections; and Backing accidents when not looking behind or to the side of the vehicle when backing up, and rolling back at traffic control devices. To reduce accidents and loss, we suggest drivers: Check to make sure their vehicles are… Read More »How to Manage Risks Associated with Delivery

How to Reduce Drunk Driving

Presently, Texas State law does require that interlock devices be installed in the vehicles of drivers convicted of two or more DUIs, or those that have a blood alcohol concentration of 0.15 or more —  nearly twice the legal limit of 0.08. New Bill, introduced recently, require that all persons convicted of driving while intoxicated have an ignition interlock device installed in their vehicle. Studies have shown that requiring the use of ignition interlock devices can reduce repeat drunk driving offenses by 64%. Currently 8 states mandate the use of ignition interlock devices for all drivers convicted of driving while… Read More »How to Reduce Drunk Driving

Focusing on Risk Uncertainty

1. Uncertainty can be assessed and measured. 2. Emerging risks radars must be built and systems for continuous scanning established. 3. Even under uncertainty, prudent forecasting is possible and necessary. 4. Contingency planning is indispensable. 5. Establishing resilience buffers will dilute adverse impact. A new report from Zurich Financial Services notes that in contrast to the “bulk of risks faced by the corporate sector,” which are more or less “easily identified,” and can thus be dealt with, “there is a class of risks with often severe consequences that is, at times, difficult to grasp, even more difficult to assess, and… Read More »Focusing on Risk Uncertainty

TEACHING FIRE SAFETY – SMOKE ALARM

Some Facts to Introduce Fire Safety to Children • Fires need three things to get started and burn: Oxygen, fuel and a heat source to ignite the fuel. • Many children know that fire is hot and can hurt them. But smoke can be equally harmful. Breathing smoke makes people very sick and can even kill them. • Smoke from a fire spreads quickly and can be extremely hazardous. Most people harmed in fires suffer from injuries related to the smoke or toxic gases they inhale, rather than from being burned by the fire itself. Some Facts for Teachers to Note About Fire Safety • Children “playing” with fire start 40,000… Read More »TEACHING FIRE SAFETY – SMOKE ALARM

AB 2774 – California OSHA Law

AB 2774 became law in California on Jan. 1, 2011. It’s one of the most important pieces of occupational safety and health legislation since Cal/OSHA came into existence. What does AB 2774 do? It provides the Division of Occupational Safety and Health (DOSH) with a series of steps that must be completed to establish a serious violation. And if the steps are followed, employers will face major fines that are more likely to stick—and stick without reduction. This isn’t an additional hurdle for DOSH to surmount. In fact, the law was essentially written by DOSH to make it easier for… Read More »AB 2774 – California OSHA Law

E&O Coverage for Small Law Firms

When it comes to the legal profession, there are two known facts: claims against lawyers tend to increase in an economic downturn; and small firms (with fewer than five attorneys) are extremely vulnerable to legal malpractice and damaging lawsuits. To address these issues, we offer a professional liability insurance program specifically tailored to the needs of small law firms. Rates are competitive because the underwriting guidelines exclude writing large firms that tend to have higher risk and greater claims severity. According to the American Bar Association, over 70% of professional liability claims are driven by firms of less than five… Read More »E&O Coverage for Small Law Firms

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

Top 5 Holiday Insurance Claims

According to Rocky Mountain Insurance Information Association among the top holiday mishaps are: – Stolen holiday decorations from the front yard. Under a standard homeowners insurance policy, decorations are generally covered, but subject to the out-of-pocket deductible and policy limits. Holiday trappings are also generally covered under a standard renter’s or condo policy. – Gifts stolen from the car while it’s parked at the mall. Coverage to replace these items falls under a homeowners or renter’s insurance policy. But, that’s minus the deductible and up to policy limits, so it’s a good idea to keep gifts and valuables hidden. This… Read More »Top 5 Holiday Insurance Claims