Is Distracted Driving Increasing Your Auto Insurance Costs?

At least 17% of all highway crashes are the result of distracted driving, according to the National Highway Traffic Safety Administration. That translates to approximately $148 billion a year — $47 billion in in physical damage plus $101 billion in “societal harm,” such as traffic congestion and lost productivity. Distracted driving can be visual — taking your eyes off the …

What Is Subrogation and How Does It Apply to Insurance?

Subrogation, in the context of insurance, is the right of an insurance company to “step into the shoes” of the insured after their company has paid the insured’s loss. Subrogation entitles the insurance company to assert any rights that the insured may have had, on its own behalf, in order to recover payment from the parties that actually caused the …

How Will Driverless Cars Affect Your Business?

It’s predicted that driverless cars will account for 25 percent of global car sales by 2035. How will this affect your business and your employees? Features such as adaptive cruise control, blind-spot monitoring, automated parking and lane departure and forward collision warnings are already making the majority of new cars semi-autonomous. The next level of innovation, implementing automated acceleration, braking …

Do You Need Property Insurance, Even If You’re Just Renting?

You buy property insurance to cover damage or loss to property. But what if you don’t own the property or you rent it? Your liability policy might provide some coverage…but probably not enough. In the world of residential real estate, landlords buy property insurance to cover damage to buildings they own. If you rent a home or apartment, your renter’s …

Why Private Companies Need D&O Insurance

Private corporations and nonprofits are less likely to be targeted in multi-million dollar directors and officers liability lawsuits than publicly traded companies. They still have risk exposures, though. In fact, in a recent survey by Advisen, 25 percent of D&O claims among private companies settled for $1 million or more. Could you protect your directors and officers from claims that …

Business Income Coverage: Survival

Plan for Small Business In survey of business owners by Trusted Choice a few years ago, more than half of the owners said they didn’t have business income coverage. More than half of businesses without business income insurance will close within three years of a serious loss. Business income insurance would “have protected those small businesses from that fate,” according …

The Property Risks You Might Have Overlooked

A strong insurance program will protect your business from loss due to fire, theft, vandalism, and more. But without certain important coverages, your property coverage could leave you short of the funds needed to rebuild and recover. Increased Cost of Construction Do you own your business premises? Any building more than a few years old might not comply with current …

Crisis Management: Where Risk Management and Public Relations Meet

You might (and certainly should) have a disaster management plan to help your company minimize the effects of a catastrophe. You’ve probably planned ahead for the possible necessity of evacuating employees and customers. You have a guide for backing up your data and a contingency plan to make sure your products continue to be manufactured or your services are delivered. …