KR&E is an abbreviation for Kidnap, Ransom, and Extortion insurance. It is a must-have for any firm that has company executives traveling anywhere in the world, and not just for hot spots as defined by the State Department. In fact, KR&E is an inexpensive and critical coverage part even when hedge fund managers don’t travel overseas! … Read More
In this blog; small business insurance explained, we’re going to talk about what most small businesses need when it comes to business insurance in 2021. First, for most small businesses whether you’re in retail, professional office, manufacturing, wholesale distribution, garage risks, and even contracting, your core policy is going to be a business owner’s policy … Read More
Who is Insured on a D&O policy? In the past, I’ve had clients call and ask me to add new directors who have just joined their board to their D&O policy. Some leaders believe that the D&O policy has a schedule of named insureds, so I thought a quick video on who is actually defined as … Read More
Commercial Auto Rates If you have a fleet of trucks or automobiles you’ve undoubtedly seen your commercial auto rates increase. Whether you’re a contractor with a handful of trucks, or a trucker with a large fleet, commercial auto rates, and insurance costs have gone up dramatically over the past three years. Why are Commercial auto rates trending higher, what … Read More
If you’re a small business owner and you’re thinking of selling your business, you may never have heard of M&A insurance or Reps & Warranties Insurance; you may not know how to answer the question in the title of this video is this kind of insurance right for your deal. I get it– the small … Read More
What is Outside Directorship Liability, commonly called ODL Coverage? Most D&O policies contain coverage for what is known as Outside Directorship Liability, commonly called ODL coverage. It protects executives when they sit on the boards of organizations outside of the insured firm when the insured firm requests that they do so. In the small and … Read More
What is an Aggregate Limit in a Liability Policy? In many liability insurance policy forms, you will see the word aggregate limit and wonder what that really means. Let’s break it down. To start, let’s look at the commercial general liability policy or GL policy. If you look at a policy or get a certificate of … Read More
Reps & Warranties Insurance – A Seller’s Perspective I’ve produced a few videos on the subject of Reps & Warranties insurance, a form of transactional liability insurance commonly used in the world of M&A. I thought an example of how this is deployed may be helpful, especially for business owners who are or may be approaching the sale … Read More
In our first video on Reps & Warranties Insurance, I gave a broad overview of what this form of insurance does and how it’s used in the M&A process. Let me give you a brief recap; In a M&A transaction, the seller will agree to indemnify the buyer for breaches of the sellers reps & warranties. Traditionally that indemnity is securitized or … Read More
What is Workplace Violence Insurance? Let’s start with looking at the risk or actual threat of workplace violence in America today. Grim statistics tell us that workplace violence is a real and dangerous threat. To take a step back, workplace violence is not limited to weapon violence, but rather is any threat or act of physical … Read More
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