Completing an application for insurance can be time-consuming and tedious. Nevertheless, the application is important because an insurance company will use an applicant’s answers to determine whether to offer insurance and how much to charge. In making these determinations, insurance companies generally have the right...
In an effort to avoid annoying and unnecessary communication, are we insulating ourselves from opportunity? Take this situation that happened just yesterday. I had a lead for someone and didn't have his email address. I called the receptionist to get it. She, rather unpleasantly, answered, "That...
A surprising number of employers offering employee benefit plans to their employees, including 401(k) plans, are refusing to purchase fiduciary liability insurance. Despite the dubious wisdom of refusing the insurance, the decision must be accepted if it was made with a complete and accurate understanding...
According to the Department of Justice and the Federal Trade Commission, the nation's computer fraud problem is increasing on a yearly basis. Those using computers to perpetrate their crimes have introduced the business community to a plethora of risks that are typically uninsured by traditional...
Self-storage operators are not immune to slip-and-fall liability. While the volume of foot traffic at a self-storage facility may not reach that of other types of businesses, customers must still enter the premises to store, access and retrieve their property. As a result, an exposure...
Do employers have seven days to notify the Occupational Safety and Health Administration of a work-related incident that has resulted in the death of an employee? No. All employers covered by the Occupational Safety and Health Act of 1970 are required to notify the Occupational Safety...
Is lawyers' professional liability insurance necessary for a small law firm? Professional liability insurance is vital for all law firms, no matter the size or the nature of the law firm’s practice. Lawyers’ professional liability insurance covers direct loss and expense to a lawyer or law...
Pursuant to Florida’s workers’ compensation laws, an employer is generally required to pay compensation or furnish benefits to an employee who is injured on the job. To be considered compensable, an employee’s injury must arise out of and in the course of his or her...
Increasingly, consumers are asking why their credit rating affects the rates they pay for automobile insurance. Yet using an individual’s credit rating as a criterion for determining an auto insurance premium is a fairly common practice in the insurance industry. Why? Statistics compiled by the...
Did you know that the need for spoilage coverage extends beyond food-based risks? If your business has any stock that would be destroyed or rendered unusable due to an extended loss of power, then you would be wise to consider coverage that protects this perishable...