Determining Fault in an Auto Accident

Determining who is legally responsible in an auto accident requires identifying who the negligent party is. In most cases, common sense can be used to determine fault, but often drivers do not know exactly which laws were broken by the at-fault party. This makes it more difficult to prove a case to an insurer when making a claim. There are a few places to look for this supportive information. Police reports If you or the other party called the police or 911 after the accident to report injuries, there will be a police report. If that’s the case, you can contact your local law enforcement traffic division to ask for a copy of the report. Many police reports contain a 

Read more

How Much Umbrella Protection do I Need?

One million dollars is the minimum amount of coverage for an umbrella policy. However, insurance companies usually offer these types of insurance policies in one million dollar increments and often go up to ten or twenty million. Some companies that target high net worth individuals may offer up to hundred million or more. Most people who purchase an umbrella policy choose the one million dollar amount, but many choose two million dollars or more. A rough estimate of what it costs for the first million is about $200 to $250 a year but can be higher if you have more than two cars, young drivers or points on your record. While each incremental amount above the first million is slightly 

Read more

Using Ride Services to Your Holiday Party Can Save You Thousands

With the widespread availability of ride services, such as Lyft and Uber, there is no reason to drive to your holiday party, especially if you drink. Nowadays, with lower limits on blood alcohol levels than in the past, driving while being above the threshold doesn’t take much. The cost of driving under the influence can be well over $10,000, and it can also cost you your career. Worse yet, if you seriously injure or kill someone, you can spend time in jail. It’s just not worth it-the cost of a ride or taxi service is a drop in the bucket compared to what an alcohol-related conviction can cost you. Ride sharing services are easy to use if you have a 

Read more

Insurance For Green Commercial Buildings

A study by the U.S. Green Building Council estimated that environmentally-friendly, or “green” construction, would grow at a compound annual rate of 9.5 percent between 2014 and 2019. Traditional property insurance products do not adequately cover these innovative construction methods and materials. In recent years, the insurance industry has unveiled new coverages to help cover environmentally-friendly buildings and property. LEED Program The Insurance Services Office (ISO), which publishes standard coverage forms used by many insurance companies, developed a policy change form that covers the increased costs of green upgrades and related expenses. It defines “green” as enhanced energy efficiency or the use of “environmentally-preferable, sustainable” materials, products and methods in design, construction, manufacture or operation. Something is green only if 

Read more

Cyber Crimes

Cyber crime has grown into a massive expense for businesses and organizations around the world. According to a recent report by Allianz Global Corporate & Specialty, it costs the global economy an estimated $445 billion annually. It costs the world’s four largest economies – the US, China, Japan and Germany – more than $200 billion. And the cost is expected to grow. Because businesses are increasingly interconnected across the globe and cyber crime has become highly profitable, the frequency and severity of attacks has grown rapidly. To combat this, Asian and European governments are following the lead of the US in implementing strict data protection laws. Proposed laws call for harsh fines for data breaches. An increasing concern is business 

Read more