The Commercial Line

The lasting impact of being on the losing end of a lawsuit.

By Bill Young – Westfield Insurance CUO Quality Assurance Analyst Our society has become increasingly litigious and people commonly file lawsuits to redress wrongs. In litigation, the plaintiff will try to recover compensatory damages to compensate the plaintiff for his or her damages and nothing more. Compensatory damages would include amounts awarded for medical billings, lost wages, pain and suffering, and any short or long term residual physical effects. Increasingly, plaintiffs also seek punitive or exemplary damages which are amounts awarded by a court, above and beyond what would compensate the plaintiff for his or her actual damages. These are […]

Commercial umbrella insurance: Is an umbrella a follow form?

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.

The Tesla Model 3, self-driving vehicles and insurance implications

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.

Prepare for the worst: What every business owner needs to know

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.

The unforeseen liability surrounding 3-D printing

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.

Tips to protect you from unnecessary liability losses

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.

Agritainment – What’s the Issue?

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.

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