Hot weather brings high temperatures, which can turn an enclosed vehicle into a scorching oven in minutes. Combining hot summer sun and carelessness can have devastating consequences, particularly for your company’s products – and its people.
The Commercial Line
Simply put, commercial umbrella insurance provides an added layer of protection against catastrophic losses by providing higher limits. And in some cases, it also helps fill in coverage gaps. Umbrella liability coverage is written over the following primary liability policies.
A combination of risk management techniques, including risk control and risk transfer, can help protect your business from financial ruin resulting from a spoilage loss.
Historians – and those in the insurance industry – may look back on March 31, 2016, as the beginning of a seismic shift in the automobile industry, and how vehicles are insured. That’s the day that American automotive and energy storage company Tesla Motors began taking pre-orders for its new flagship vehicle. Within 24 hours, Tesla racked up more than 180,000 reservations for the $35,000 Model 3.
From San Bernardino, California, to Ft. Hood, Texas, to Newtown, Connecticut, tragic shooting incidents have no geographic boundaries and no rational motives. And businesses and property owners across the country should be aware that most of these incidents occur in commercial or educational environments.
Until this year, provisions under the Employee Retirement Income Security Act of 1974 (ERISA) only governed employee benefit managers of companies with more than 100 employees. But that changed in January 2016, when the federal law expanded its coverage of mid-sized businesses.
With manufacturing technology expanding exponentially and entrepreneurial ideas flourishing, a number of new products have been created and existing products are being modified to meet the needs and desires of today’s consumers.
A subcontractor seriously injures himself with a circular saw at your place of business. Or a roofer starts a fire while performing work at an apartment complex you own. In either case, you and your insurer could be held financially responsible if the contract you entered into contained wording that transferred responsibility back to you.
In today’s agricultural scene, farmers have become creative in finding new ways to earn income in addition to the traditional farming practices of growing crops or raising livestock. One of those supplemental avenues is called agritainment, which is also known as agritourism.
The issue of medical marijuana and employment law is still evolving, making it difficult for employers to understand the legal implications and find affordable workers’ compensation insurance.