Blog Page 17
Tail Insurance Coverage - What Is It?
“Tail coverage” is an optional insurance provision found on a claims-made policy. It allows the insured to report claims against a policy for a specified period after the policy has expired.
Manufacturing Insurance: What You Need To Know
Manufacturing companies are an essential component of society. Every product has been designed and built to specifications. Whether you are manufacturing for the food, aviation, automotive, medical device, or even furniture industry - your product plays an essential role in people's lives. For this reason, manufacturing operations come with a lot of potential liability risks. These are all questions you should be asking yourself. These are also items that insurance can cover at a reasonable cost.
What Is A Hammer Clause? (Definition & Examples)
Even though the hammer clause is just a small paragraph within an extensive insurance program, it can have a significant impact on your professional reputation and insurance coverage.
Hiring a Contractor Without Insurance - What Are The Risks?
If you’re a homeowner, business owner, or real estate investor, your properties require maintenance. Roofs wear down, plumbing leaks, and sometimes you may want to remodel your space. In these cases, you will need to hire a contractor. Hiring a contractor with general liability, automobile, and workers compensation is a must. Without it, you could be held responsible for any injury or damage your contractor causes.
Outside Directorship Liability Coverage - What Is It?
Outside Directorship Liability is insurance coverage on the Directors & Officers (D&O) Liability Policy. Its purpose is to extend coverage to certain additional organizations, usually non-profits, because an executive or officer of the insured company is serving on the outside organization’s board.
Directors And Officers Insurance Claims For Nonprofits
As a director or officer of a nonprofit, you could be held personally liable for financial damages caused by you as a board member. Depending on the operation and size of the nonprofit, this could be the most significant financial risk that you have. Nonprofit leaders are sometimes even held to the same standards as corporate executives and board members. No matter your qualifications or the duties you sign up for, your personal assets could be exposed to the liability of your organization.
Finding Affordable Business Insurance In 6 Simple Steps
It is always smart to do your due diligence and make sure you are getting affordable business insurance that protects you. Here are six tips for finding cheap business insurance quotes.
What Is Employee Dishonesty Coverage?
Did you know that the median loss per case of employee fraud is $125,000? Or that a typical fraud case lasts 14 months before detection and causes an average loss of $8,300 per month? There is an insurance policy to help guard your business against this, though: Employee Dishonesty Coverage.
General Liability Vs. Professional Liability: Which To Choose?
General liability and professional liability (often referred to as professional indemnity or errors & omissions) are two common forms of insurance that work together, forming a comprehensive risk management solution for all types of businesses.
Oklahoma Workers Compensation Insurance - Explained
Running a business with employees is a huge undertaking. In addition to developing a competitive product and winning business, you also have to manage people and deal with the regulations associated with having employees. It is a large responsibility, and not one you should take lightly. Once you become an employer, you have to start thinking like an employer. What if an employee gets hurt on the job? What are the workers comp laws in Oklahoma, anyway?