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Why Business Needs Bond

Getting the proper insurance coverage and licenses is just a start. To run a successful business, you’ll also likely need the right bonds. So, what are bonds for small businesses? Bonds guarantee that your small business will perform the agreed-upon services. Both insurance and bonds help protect your business from being part of the 40% of small businesses that fail after a disaster. For many small businesses, surety bonds are required and help protect third parties like customers. So, if you run a hair salon school and one of your students reports that they didn’t receive services after paying, they can file a claim… Read More »Why Business Needs Bond

Credit Card Incident Response Policy Template

To address credit cardholder security, the major card brands (Visa, MasterCard, Discover, and American Express) jointly established the PCI Security Standards Council to administer the Payment Card Industry Data Security Standards (PCI DSS) that provide specific guidelines for safeguarding cardholder information.  Use the template below to handle breach, theft and fraud related to credit card transactions. Download

Protect Your Special Gifts and Most Treasured Possessions

The most valuable possession that you own is probably your home. It’s also one of the most vulnerable. Weather accidents, floods and property mishaps can easily damage it. But it’s not just the outside structure of your home that’s so valuable. Your contents and possessions inside it also require unique coverage. In this article, we’ll help you learn more about insurance protection for your valuable items.   What Is Insurance for Your Valuable Items? Most renters, condo and homeowners insurance policies will cover your personal property, including items like: Furniture Clothing Appliances But your basic policy may have some restrictions when… Read More »Protect Your Special Gifts and Most Treasured Possessions

Commercial General Liability Exclusions j. (5) and j. (6) Are Not the Same

Denial of Commercial General Liability Coverage (CGL) coverage for certain types of property damage claims made against contractors or other repair or service business frequently cite exclusions j. (5) and j. (6), or as Randy Maniloff1  has named these exclusions, the “double js.” Put another way, these exclusions are appropriately labeled “double js” because if an insurer is citing one “j.”, it will almost always cite the other “j.” as a basis for a coverage denial.   The problem with lumping together of exclusion j. (5) and j. (6), which is the most prevalent when the property damage being claimed is… Read More »Commercial General Liability Exclusions j. (5) and j. (6) Are Not the Same

Claims Checklist for Severe Weather Damage

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.

How to Find the Right Auto Shop

The first rule of finding a good auto-service shop is to ask around and search online. If you’ve got people saying, ‘I’ve used this guy for many years and he’s always been good,’ you don’t want to ignore that.  Here are 7 more things to look for when hiring someone to maintain or repair your vehicle.

Protecting Auto Dealer’s Shrinking Inventories During Hail Season

Hail can fall just about anywhere, at any time throughout our country – although it is more prominent in “Hail Alley,” where Colorado, Nebraska, and Wyoming meet. Unless 100% of an auto dealer’s inventory is stored indoors, it is susceptible to hail-related loss. With 17,000 franchised auto dealers and 45,000 independent used-car dealerships in the U.S., that’s a great deal of assets vulnerable to the elements.  Most automotive analysts are cautiously optimistic that U.S. vehicle sales will return to some form of normalcy in 2021. While demand and pricing remain high, shortages in computer chips have curtailed much of the expected growth in 2021. This forecast… Read More »Protecting Auto Dealer’s Shrinking Inventories During Hail Season