Electronic equipment is critical to the function of every business, but at some point, all those cell phones, computers, keyboards and other items will begin to fail or become obsolete.
The Commercial Line
While landlords know they are liable for losses associated with weather, fire and slip-and-fall injuries on their commercial and residential properties, they may not be aware of their liability for other incidents.
Violence ranks among the top four causes of death in the workplace during the past two decades. Each year, nearly 2 million American workers report being the victim of workplace violence, according to the U.S. Bureau of Labor Statistics. By identifying risk factors and taking the proper precautions, employers have an opportunity to reduce the dangers of workplace assaults.
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.
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.
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.