Authored by Sara Weathers Automobile insurance costs are rising, but it's still a good market for consumers looking to purchase it. In 2020, the amount of driving consumers did dramatically decrease compared to prior years. Because of this, auto insurers had to refund $14 billion worth of premiums.   According to an article on CNBC.com, auto insurance rat...

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Authored by Sara Weathers Natural disasters create openings for fraudulent contractors to prey on homeowners that may have just lost everything. These scams can happen when homeowners are already at their most vulnerable and usually begin with a contractor showing up at their door, making promises about what they can fix, and asking to be paid upfront. Af...

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Authored by Sara Weathers California Governor Gavin Newsom recently released the state budget, only allocating $2 billion to wildfire costs.  With the amount of destruction caused by wildfires in California in previous years, and with there being more than 700 wildfires in California from January to June in 2021 alone, this number could be considered low....

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Authored by: Sara Weathers It’s peak hurricane season and property insurance is a necessity this time of year. With the prices of construction materials and labor staying inflated due to COVID-19, it’s imperative that property owners communicate with their insurance consultants to ensure all their coverages are up to date.   In a recent interview with Bet...

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Authored by Sara Weathers   With more and more companies moving to a virtual workspace these days, cyber security is more important than ever. Years ago, financial institutions, such as banks and credit unions, retail stores, and healthcare organizations, like hospitals, were the main targets for cyber-attacks. Now, any company with an online presence and...

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Authored by Sara Weathers One of the unexpected side effects of the COVID-19 pandemic has been the prices of materials and labor skyrocketing. Because of this, increases in property insurance claim costs are taking place as well. In an interview with Jim Sams of ClaimsJournal.com, Greg Pyne, who is the vice president of pricing solutions at Versik’s Xactw...

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Did you know that most employment-related claims are not within the scope of the general liability coverage? These claims are excluded by the expected or intended injury exclusion, the employer’s liability exclusion, or because the damages sought are neither bodily injury nor property damage. As a consequence of the routine use of an exclusionary endorsem...

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Wrongful acts include omissions, errors, misstatements, misleading statements, neglect, or breach of duty. Beneficiaries are the directors, officers, or the corporation itself. Directors and officers can be personally sued by shareholders, creditors, employees, suppliers, customers, competitors, or regulators. Suites can be bought for various reasons- Sha...

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The Employee Retirement Income Security Act (ERISA) of 1974 was designed to protect private pension plan participants' rights. Fiduciaries of all employee benefits plans, including welfare plans and pension plans, assumed new responsibilities relating to the management and administration of benefits plans. Under the law, a fiduciary can be held personally...

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It is important to protect your firm from liability claims. General liability insurance (GL) is coverage that can protect you from a variety of claims, including bodily injury, property damage, personal injury, and others that can arise from your business operations. General liability insurance is often combined with property insurance in a Business Owner...

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