The relationship between parent and child is one of devotion and responsibility. Even in the most extreme circumstances, there is little that a parent would not voluntarily do for his or her child. However, what would a parent do for the person who was injured...
It's settled law that workers' compensation insurance covers employees when their injuries “arise out of and in the course and scope of employment.” But it's possible that employees who are injured while participating in company-sponsored recreational activities may also qualify for workers' compensation. This determination...
Business owners commonly agree to accept the liability of another party, in a practice known as "risk transfer.” Contractual risk transfer is a non-insurance contract between two parties whereby one agrees to indemnify and hold another party harmless for specified actions, inactions, injuries, or damages....
The day was progressing like any other - putting out fires, monitoring production, cultivating new business - until the receptionist announced the presence of an unexpected visitor. The hand you held out for an introductory shake was met with a bundle of paperwork. The confusion...
In addition to serving meals, many food service establishments have become their community's local watering hole. This can be welcome news because offering wine with dinner or serving a few cocktails during the 'big game' may serve to boost the bottom line. And, during these...
What the risk-management process lacks in excitement it more than makes up for in importance. Since the absence of an effective risk-management plan can undermine even the most successful business, minimizing or eliminating risk is the cornerstone of any profitable commercial venture. When developing a risk-management...
Did you know that by 2010, approximately one in six drivers across the United States may be driving without insurance? According to a recent study from the Insurance Research Council, the current recession is expected to trigger a sharp rise in the rate of uninsured...
John F. Kennedy once said that "a rising tide lifts all boats" to illustrate the idea that everyone benefits from a strong economy. Although the accuracy of this macroeconomic view may be challenged, its optimism cannot. However, if this premise is correct, then the opposite...
Many food service establishments offer delivery services to their customers. Although this convenience provides the opportunity to increase revenues, it may also be accompanied by the unwanted consequence of increasing liability exposure. By placing delivery drivers on the road to advance a specific business interest,...
True story: A bookkeeper for a gas station began stealing from his employer, embezzling thousands of dollars in just a few months. The owner, unaware of the employee's dishonesty, went on vacation, leaving the bookkeeper with unsupervised access to the business's bank accounts. Upon returning,...