Claims-made vs. Occurrence: Which Policy is Right for You?
Date: July 7, 2020Category: Author:
From workplace injuries to property damage, from cyber liability to employee fraud, your business faces plenty of risks. Insurance plays a key role in helping you manage these risks and cover losses. All property and casualty (P&C) insurance policies fall into two categories: occurrence policies and claims-made policies. The type of coverage you have matters, […]
Top 10 Ways to Control Your Workers Compensation EMOD
Date: May 6, 2020Category: Author:
Your experience modification factor, or EMOD, is an important component used in calculating your workers’ compensation premium. If you can control your EMOD, you can lower your price — so we’ve gathered top tips to help you impact your bottom line. Investigate accidents immediately and thoroughly; take corrective action to eliminate hazards, and be aware […]
Addressing Abuse and Molestation Liability Through Insurance
Date: May 5, 2020Category: Author:
The possibility of a costly abuse claim arising is a very real threat for organizations that provide care or services to vulnerable populations, including children, the disabled, and the elderly. Abuse can take a variety of forms as it can be physical, emotional, sexual, or even financial in nature. Year after year, sports associations, daycares, […]
Fill Your Coverage Gaps with Inland Marine Insurance
Date: May 4, 2020Category: Author:
Inland marine insurance was once used strictly in the ocean marine industry to protect against property losses before, during, and after water transfers. As the non-ocean aspect of the cargo journey developed, cargoes were transferred to barge, and the term “inland marine” was created. These policies became known as “floaters” because the property covered was […]
The Volunteer Protection Act
Date: April 30, 2020Category: Author:
To promote volunteerism, the Volunteer Protection Act (VPA) was signed into law in 1997. This act pre-empts existing, looser state laws protecting nonprofit volunteers, encouraging the public to participate in social service. Overview of the Volunteer Protection Act The VPA protects volunteers against civil liability under the following conditions: The volunteer was acting within the […]