Many business owners don’t think twice when asking a worker to run to the office supply store, to the bank, or to run another errand for the company while on the clock. But as soon as that employee enters their personal vehicle on a trip for your business, you automatically become vicariously liable for their…Read more
Who Is Liable When a Tree Falls onto a Neighbor’s Property?
Many people have trees on their property. They provide shade and complement landscaping nicely, but they can also cause major disputes when they fall over. A tree may topple over if it is not properly maintained, it’s diseased or a storm knocks it down. When a tree falls over onto a neighbor’s property, a homeowner…Read more
Why Businesses Need Professional Liability Insurance
Architects, engineering firms, graphic design businesses, and other service providers are increasingly being sued for alleged poor work quality, contract breach, or missing deadlines — and jury awards are rising. The costs of defending against a lawsuit of that type could quickly mount, even if you come out victorious in the end. But a commercial…Read more
Small Firms Increasingly Need Directors and Officers Insurance
While directors and officers liability has been traditionally thought of as insurance for publicly traded companies, increasingly it’s smaller companies that account for the largest share of exposure among top decision-makers. A study published by the news website Advisen found that over the past 10 years, small businesses accounted for 70% of all D&O insurance…Read more
Why Your Business Needs Professional Liability Insurance
A majority of companies are leaving themselves exposed to lawsuits as they take on high-end professional services work and demands grow for expedited deadlines. In fact, a recent report by Forbes Insights and The Hanover found that 40% of small business owners believe they face professional risks, yet they have not purchased professional liability insurance…Read more
Builders Risk Insurance
Builders risk policies are not totally comprehensive, though. While specific policies vary, the vast majority of construction coverage policies are written based on a regulator-approved standard form. So for the most part, you can expect your policy to cover the buildings and structures on the property, including the systems directly installed thereto. Usually, your standard…Read more
Types of Insurance a Small Business Needs
If you are just getting a business off the ground, have bought equipment, and started hiring employees, insurance should be top of mind. There are four types of insurance that most small businesses purchase to protect themselves, and without them, one accident or oversight could leave you with liabilities you may not be able to…Read more
Catalytic Converter Thefts on the Rise
People typically lock their cars when they park them to safeguard personal items and components inside the vehicle. Increasingly, however, criminals are less interested in what’s inside the car than they are in what’s underneath it — the catalytic converter. The National Insurance Crime Bureau has reported that thefts of catalytic converters jumped by 325%…Read more
Determining Who Is at 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…Read more
Does Homeowner’s Insurance Cover Damage to Your Foundation?
If you find signs that your house’s foundation may be damaged, it’s obviously disconcerting since it is the support structure for your entire home. A damaged foundation can wreak havoc, putting your home off-kilter, and making those repairs can be costly. You may think that your homeowner’s insurance will cover repairs, but that’s only true…Read more
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