Personal Injury Coverage What many people don’t know is that Personal Injury is often excluded from Property Managers E&O coverage forms. This can be a huge coverage gap for unknowing agents and their insureds. Clauses impacting personal injury coverage can be found in the definition of “Wrongful Acts”, the insuring agreement, endorsements or in the …
Most brokers are aware that Commercial Umbrella or Excess Insurance policies require the maintenance of an underlying schedule of primary insurance at mandated limits and coverage. Compliance with this coverage requirement for many brokers and agents consists simply of verifying the adequacy of the schedule underlying limits. There are some other common oversights which can …
The Importance of Maintaining Underlying Coverages Read More »
As the holiday season quickly approaches and many people begin their holiday shopping, it may be a great time to start considering how you’ll protect yourself against identity theft. I wanted to share the attached story with you. You may find it useful to forward to any of your clients that “collect” personal information from …
Risk purchasing groups have been used in many areas of commerce, for insurance purposes they were authorized by the 1986 Federal Liability Risk Retention Act. People often confuse Risk Purchasing Groups with Risk Retention Groups. We will discuss the key differences and similarities between the two. What are the Differences? The key difference between risk …
A Basic Comparison of Risk Purchasing Groups vs. Risk Retention Groups Read More »
In this modern-day of technology, most organizations and companies are working with some sort of network and/or databases of information. For that reason, most organizations and companies are vulnerable to hackers. Cyber hackers can be difficult, if not impossible, to prevent. This is why cyber liability insurance has become so necessary. All business sizes from …
