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
Paid Family Leave was introduced in New York in January 2018 as a program to provide workers job protection and paid time off for certain qualifying events such as bonding with a new child, caring for a loved one with a serious health condition, or to assist a family when someone is deployed on active military service abroad. For employees they can … Read More
Managing Workplace Violence Risk For today’s blog, I want to discuss risk control strategies focused on Managing Workplace Violence Risk. As a brief refresher, Managing Workplace Violence insurance responds to threats of workplace violence and actual violent events to help fill in coverage that is normally not covered in other business insurance policies. Like all … 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
Why are Commercial Insurance Rates Increasing in 2021? Over the past several years, you may have noticed the cost of your business insurance increase, and in 2021 you may have seen or will see an even greater increase in those costs. So what’s going on with insurance rates for businesses in 2021? What we have seen … Read More
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