In this post we discuss the different types of small business insurance and how to choose the policies that are right for your business. We will also provide tips on how to get the most out of your insurance coverage.
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
Even when you follow all the necessary safety guidelines and precautions, accidents and worker injuries can happen on a construction jobsite. And when you have numerous sub-contractors involved, who is held liable for paying worker injury claims can get complicated quickly. This article details how the Employers’ Liability exclusion works in a Commercial General Liability policy through a hypothetical claims scenario and why its important to thoroughly review and understand this wording, especially when changes are proposed. Employee Injuries – Who Pays? Employee Injuries and Exclusive Remedy. When employees are injured arising out of and in the course of employment, that… Read More »Explaining Employers Liability Exclusion
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
If you have been injured at work, you need to be aware of the deadlines that apply to workers compensation claims in your state. In most states, there are two types of workers compensation deadlines. The first is a deadline to report your injury or illness to your employer, and the second is a deadline for filing a claim for benefits. If you miss either of these deadlines, you could lose your benefits eligibility. Use the chart below to learn about the deadlines in your state. State Report the Accident to Your Employer in Writing* File a Workers’ Compensation Claim**… Read More »Workers Compensation Deadlines – All 50 States
Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. Insurance fraud investigators say the store’s security videotape shows Barnes pouring soda on the floor. Officials say “injured” filed a claim with the stores insurer and later withdrew the claim. Paperless Comment: all business owners, are encouraged to install security cameras, and it doesn’t cost much these days. Those cameras can be setup to record only when there is movement detected. With development of technology, 24/7 access via internet… Read More »Invest in Security Cameras
The Texas Supreme Court has determined that a lawsuit filed against a “governmental unit” within six months of an incident can be regarded as sufficient notice under the Texas Tort Claims Act. The high court’s ruling reverses the dismissal by the Court of Appeals for the 14th District of Texas of a suit against a Texas county. The case was remanded back to the trial court. In Glenn Colquitt v. Brazoria County, NO. 09-0369, the Texas Supreme Court found that because all of the pertinent details that are required in notice to a governmental unit in Texas when filing a claim… Read More »You’ve Been Served, Brazoria County, TX
Zurich Financial Services Ltd. and its Farmers Group Inc. subsidiary are paying $455 million to settle a class-action lawsuit challenging management service fees paid to Farmers, Zurich said Thursday. Law suite details you can read on your own – Google is your friend. We just want to point to your attention that Zurich and Farmers Group “do not accept that there is any basis” for the claims regarding the management fees, but Zurich said it decided to settle “in order to provide certainty to its shareholders and clarity to customers as well as to avoid the risks and significant exposure of… Read More »Zurich Settles Half a Billion Claim
As for me – it’s too early to judge… As for me, it’s too complicated to prosecute. As far as I can see – people still use their cellphones while driving. They talk and text, and get in trouble. How many time have you noted someone, whose driving style was insulting least to say… and then you noticed that person was on the phone? Although, it’s believed that talking on speakerphone is okay and safer, still road hazards are there, waiting for us to happen. However, a study released Tuesday by the Highway Loss Data Institute found no reductions in… Read More »Ban of Texting While Driving Didn’t Reduce Crashes
A federal jury in South Carolina has awarded $14.5 million in damages to a South Carolina printing company against The Hartford insurance company in a case where the insurer believed a claim for a major fire loss in 2008 was arson. In March 2008, investigators said someone sprinkled fuel to set 11 different fires in the building of Genesis Press. The fires damaged several printing presses, computer drives and other equipment. Two weeks earlier, the business had also been vandalized with anti-Semitic graffiti, according to testimony at the trial. The Hartford stopped paying on the $7 million claim after it… Read More »The Hartford Hit With $14.5 Million Over South Carolina Printer’s Claim