How Changes at EEOC Could Benefit Employers

President Trump’s appointment to the U.S. Equal Employment Opportunity Commission (EEOC) could signal a more cooperative attitude at the agency. Now that the EEOC is likely to have a 3-2 Republican majority under nominee Janet Dhillon, its policies are expected to slant in a more pro-employer direction. Control at the field office level, where much of the litigation against employers …

Ways to Fill Winter Storm Insurance Coverage Gaps

To cover many of the winter storm property insurance exposures not met  by named peril insurance policies, businesses can purchase one of the following: A “broad form” property policy: covers the basic named perils, and adds coverage for falling objects, weight (of snow, ice, or sleet), water damage (from certain causes) or collapse (from certain causes). An “all-risks” policy: covers …

Avoiding Winter Storm Damage

As you read this article, some business owners have already experienced damage from hurricanes. But more bad weather from winter storms — including windstorms, snow and, ice — is coming soon. Is your business prepared? Winter storms rank third in terms of the dollar value of damage they cause, second only to hurricanes and tornadoes. According to Forbes, a “simple” …

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 …