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 Commercial Line
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.
Work in progress reports from contractors are usually considered “business as usual.” But there are two times when underwriters would have concerns.
Suddenly, everyone has a drone — or at least it seems that way. An estimated one million unmanned aircraft will be sold for the holidays this year alone. And while many will be used for personal entertainment, drones are also being used for commercial purposes including mapmaking, emergency response, aerial photography, crop management and real estate appraisal and surveying.
The first documented use of alcoholic beverages was written in Sumerian around 3200 BC. Since then, practically every civilization has consumed alcohol in largely the same way: by drinking it!
Is Data Compromise coverage the same as Cyber Liability? I receive this question often. The answer is: sometimes yes and sometimes no. In order to understand why, we will need to take a closer look and examine both the similarities and the differences.
With spring in full bloom, the sounds of the season can be heard with regular frequency; lawn mowers, lawn equipment and a gentleman with a Scottish brogue saying “Feed your lawn, feed it.” Many of us maintain our own lawns or hire a landscaper or lawn service to handle the weekly tasks. But, have you ever considered becoming a small business owner and forming your own lawn service?
Typically, when a company (or individual) rents partial space or the entire building from the owners of the building, they may be required to provide fire liability coverage or even broader liability coverage for the value of the section they occupy or the full value of the building. This is why it is important to carefully review all written lease agreements to truly understand what liability the tenant is assuming.