Commercial Insurance Tag

26 Aug Understanding The COVID-19 Business Interruption Insurance Quandary

Posted at 14:10h in Commercial Insurance

This article was originally published in the Summer 2020 issue of ActionLine, a Florida Bar Real Property, and Trust Law Section publication. The coronavirus disease 2019 (COVID-19) pandemic appears to have softened the ground for a legal battle between commercial property insurance companies and the growing...

11 Jan Risk Transfers: Indemnification and Additional Insured Status

Posted at 21:15h in Commercial Insurance, Labor & Employment Law, Professional Liability, Risk Management, Safety, Self-Storage

Risk allocation involves identifying who is responsible for what and for how much. In some cases, a contract requires one party to assume the liability of another party. These risk transfers are commonly found in construction and landlord/tenant agreements, and are becoming common practice in...

14 Dec IRS Extends Deadline to Furnish ACA Forms to Individuals and Good-Faith Relief from ACA Reporting Penalties

Posted at 20:49h in Affordable Care Act, Commercial Insurance, Employee Benefits, Labor & Employment Law

On November 18, 2016, the Internal Revenue Service gave employers averaging at least 50 full-time or full-time equivalent employees in 2015 (Applicable Large Employers or ALEs) an early holiday gift. The IRS extended the Affordable Care Act’s due date to furnish 2016 Forms 1095-C to...

23 Jun Psst. Do You Know The Most Common Workplace Accidents and Injuries?

Posted at 12:55h in Commercial Insurance, Risk Management, Safety

Did you know that maintaining a safe workplace can lower the cost of workers’ compensation insurance? It’s true. Employers with fewer workplace injury claims may enjoy valuable premium credits. Alternatively, employers with more injury claims may suffer higher insurance premiums. The resulting premium difference can...

09 Jun Now What? Preparing for the New FLSA White Collar Overtime Exemptions

Posted at 12:46h in Commercial Insurance, Employee Benefits, Human Resources

On December 1, 2016, it will be more expensive for employers to take advantage of the Fair Labor Standards Act’s (FLSA) so-called white collar overtime exemptions. Since FLSA violations have always been expensive, employers should begin the process of determining whether and to what extent...

02 Jun Florida Supreme Court Ruling May Increase Workers’ Compensation Premiums

Posted at 20:41h in Commercial Insurance

A recent decision by the Florida Supreme Court may soon have employers paying substantially more for workers’ compensation insurance. In Castellanos v. Next Door Company, the Court ruled that Florida’s mandatory workers’ compensation attorney fee schedule is unconstitutional. In response to this ruling, the National...

06 Apr Did You Get the Text About Distracted Driving Awareness Month?

Posted at 16:59h in Commercial Insurance, Personal Insurance, Professional Liability, Risk Management

Did you know that April is National Distracted Driving Awareness Month? If not, it’s time to take notice. According to the National Highway Traffic Safety Administration, approximately 10% of crash fatalities and 18% of crash injuries involve distracted drivers. The consequences of distracted driving can...

10 Feb Using the Benefits of Representations and Warranties Insurance When Buying or Selling a Business

Posted at 14:41h in Commercial Insurance, Professional Liability, Risk Management

Deals to buy or sell a business typically include statements of fact by the seller about the business. These representations and warranties are then combined with indemnification provisions to allocate risks and liabilities between the parties. Negotiating representations and warranties can be challenging, and deals...

18 Nov Business Insurance 101

Posted at 17:58h in Commercial Insurance, Risk Management

Insurance is an essential part of running a successful business. Though you don’t have to be an insurance expert, a general understanding of the following business policies and coverages can help identify and fill potential coverage gaps. It can also make you a more informed...

13 May Is Your Self Storage Facility a Hazardous Workplace?

Posted at 13:33h in Self-Storage

The fact that self storage facilities aren't typically considered dangerous workplaces doesn't mean operators can be casual about workplace safety. According to the most recent statistics from the Bureau of Labor Statistics, of over 3 million private industry nonfatal reportable injuries and illnesses in 2013: ...