Unique Insurance Coverage

What is Critical Illness Insurance?

Over the past few years, voluntary benefits have emerged as a way for employers to enhance their overall benefits package in an efficient and cost-effective manner. Most people are familiar with offerings such as dental, vision, life and disability insurance, but critical illness insurance is now emerging as the most popular voluntary benefit in the marketplace, primarily due to the increasing costs of medical expenses and employers’ need to shift more of that cost to the employee.

What exactly is critical illness insurance? Read More »What is Critical Illness Insurance?

Report: New Emerging Risks

Report New Emerging RisksSwiss 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:

  • Cloud computing security
  • Contagious emerging market crisis
  • Eurozone crisis leading to deflation
  • Short-termism of macro-policy measures
  • Air pollution as mortality driver
  • Concussion crisis in sports
  • Democratisation of genetic testing
  • Digital slander
  • E-cigarettes
  • Financial consumer protection regulation
  • From closed to open business models
  • Food and water safety: trade-offs with growthRead More »Report: New Emerging Risks

Trade Credit Receivables Insurance in U.S.

Trade Credit Receivables InsuranceMarkel Corp. is now underwriting trade credit insurance – also known as receivables insurance – in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in all states. Worldwide capacity for the coverage, which protects companies that sell products against the risk of non-payment from vendors, is close to $9 billion and has increased substantially over the last 10 years as more insurers look to benefit from the profitability of the segment. Companies from retail and manufacturing to engineering to software firms can use the coverage.
Read More »Trade Credit Receivables Insurance in U.S.

Museums and Cultural Institutions: Unique exposures

Goudi Building Museum

Your priceless collections and exhibits are what pull visitors through your doors. But keeping those visitors safe – as well as your employees, volunteers, building and reputation – is what keeps those doors open. Travelers has years of experience working with museums and cultural institutions. We understand your industry. We can help you with your insurance needs – from protecting your fine art collections, to covering your property risks to providing general liability coverage to workers compensation.

Fine art expertise

We offer Museums and Cultural Institutions customized product and service offerings. Our Inland Marine division is a Fine Art market leader that provides flexible solutions for your unique needs:

  • Local underwriting presence with fine art expertise
  • Broad, worldwide coverage at current market value
  • Coverage for exhibitions, loans and items while in transit
  • High capacity for high-value collections
  • On-site risk control consultations to help enhance facility and collection management
  • Dedicated fine art claim team committed to proper claim handling for unique valuable objects
  • Access to our Special Investigations Group who focuses on theft prevention and recovery of stolen property
One company for property exposures

Read More »Museums and Cultural Institutions: Unique exposures

Protecting Religious Organizations: Unique Insurance Coverage to Consider

Traditional coverage religious organizations typically require include:

  • Liability Insurance – liability insurance protects the church when it is liable for damages caused to another or another’s property
  • Professional Liability or Acts, and Errors & Omissions Coverage – protects employees and the church in the event of a lawsuit for an actual or alleged wrongful act in connection with their position at the church
  • Business Auto – if the church owns a fleet of vehicles, they need to explore business automotive coverage
  • Workers’ Compensation Insurance – depending on state laws, churches may need to provide workers’ compensation coverage to its employees.

However, the following two unique insurance coverage are applicable to every religious organization:Read More »Protecting Religious Organizations: Unique Insurance Coverage to Consider

Bicycle Theft on the Rise

how to lock your bike tutorial In San Francisco, a bike is stolen every three hours and there has been a 70% increase in bicycle theft since 2006. The SFPD has a warehouse filled with hundreds of recovered bikes, most of which were probably stolen, but they have no way of returning these bikes to their owners because many people don’t keep a record of their serial numbers and don’t register their bikes.

To combat this problem, San Francisco SAFE and the SFPD have just started a bike registration program. By going to the Safe Bikes website, you can register your bike, upload a copy of your purchase receipt and also upload photos of your bike. Then, if your bike is ever stolen, there is a much greater chance that it can be returned to you.Read More »Bicycle Theft on the Rise

Commercial Kitchen Fire Safety

commercial grade kitchen equipmentOperation of a commercial grade kitchen, many safety considerations should be addressed, including food safety, employee and volunteer safety, and fire safety. This blog post addresses the specific issues associated with providing adequate fire safety for your kitchen.

Commercial cooking operations are defined as kitchens that have cooking equipment that produce grease and grease laden vapors. This includes flat grills, char broilers and deep fat fryers. The typical residential range (electric or gas) would not be considered a grease producing appliance. Other equipment, such as ovens, microwaves and steam kettles also fall into the non-grease producing appliance category. The following is information regarding two of the most common types of equipment that produce grease and/or grease laden vapors.

Deep Fat Fryers

Deep fat fryers are a major cause of kitchen fires. Oil can splash and easily come into contact with an open flame from an adjacent piece of cooking equipment, such as a gas-fired range top. A 18-inch clearance must be maintained between the deep fat fryer and the open flame cooking equipment. If a 18-inch clearance is not possible, a vertical steel barrier extending 12 inches above the top of the deep fat fryer or open flame appliance(s) can be used as an alternative means of protection.Read More »Commercial Kitchen Fire Safety

Coverage options for your barber and beauty business

Beauty Salon Parlor InsuranceCoverage for barber and beauticians professional liability is automatically included for your “employees” under the commercial general liability coverage form. We have the ability to provide professional liability coverage for barbers and beauticians that are independent contractors – this optional coverage is available for $25 per independent operator under the Additional Insured-Independent Operators form -CG T567 (11-03).

The form does require each operator be scheduled. For additional information, contact us via email or call 877-239-0067

Read More »Coverage options for your barber and beauty business

How to Choose Insurance for Every Life Stage

In this article, insurance experts, including Travelers Personal Insurance Vice President Elaine Baisden, recommend reviewing your policies annually and whenever you experience a life event, such as attending college, making a major purchase like a car or new home, getting married, having a child, changing jobs, renovating a home, or caring for an elderly parent. Download this article

Faulty Workmanship Coverage Endorsement

What is the Faulty Workmanship Coverage Endorsement? Contractors Faulty Workmanship Coverage is a new and unique endorsement that provides a $10,000 limit to protect your clients against claims arising out of faulty workmanship, materials or products. These claims would otherwise be excluded by the “business risk” exclusions found in every standard ISO Commercial General Liability policy. In states that require… Read More »Faulty Workmanship Coverage Endorsement