Certificates of Insurance are documents provided by Agents to verify the existence of insurance coverage. They are commonly used when an agreement or contract requires a party to maintain specific types of insurance. For example, a Certificate of Insurance can be used when: A general...
Assume an employee suffers an accidental workplace injury. After collecting benefits under his employer's workers' compensation insurance policy, the employee tries to get more money by filing a negligence lawsuit. Can the employer be required to pay the employee for his negligence damages? Maybe. Would...
The 2013 legislative session saw relatively little activity involving Florida's Condominium Act. Nevertheless, laws have changed, and that's always important. Here is a brief summary of some of the statutory amendments. Insurance The Condominium Act identifies property that must be insured by the association and property that...
The Department of Health and Human Services (HHS) released final rules pursuant to the Affordable Care Act (Act) that are designed to help consumers shop for and compare health insurance options in the individual and small group markets. According to the HHS, these final rules...
Almost every business relies on computers, networks and electronic data to support their business operations and serve their customers. What most business owners don’t realize is the substantial exposure associated with their use of electronic platforms and the data those platforms host. Today, Cyber Liability...
Unfortunately, the concepts of right and wrong often may not influence the decision to breach a contract. This is particularly true during difficult economic times when parties to a contract often use the threat of litigation to forcibly renegotiate the terms of their agreements. Needles...
Did you know that in response to the high number of commercial property vacancies, landlords, in an effort to entice new tenants, are increasingly offering more favorable lease terms? But even sweetheart deals like these carry some risks that business owners need to protect themselves...
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....
It goes without saying that before entering into a contract, especially a construction contract, any prudent businessperson should make sure that the contractor is not only qualified to do the work but also able to meet all the financial obligations required by the job. After...
Often, organizations agree to accept the liability of another party (or business) as a standard practice. Such practice is known as "risk transfer," and the transfer is either embodied in a written contract or agreed to, verbally, by the parties. Contractual risk transfers are commonly...