A commercial umbrella liability policy is a relatively inexpensive way to purchase higher liability limits for your business. Any business owner seriously concerned about protecting business assets and earning power should consider a commercial umbrella policy. Accidental tragedies resulting in multi-million dollar lawsuits are far too common to rely solely…
FAQ Category: All
When you or one of your employees rent a vehicle for business use while out of town, there comes that time when you’re standing at the rental car counter and the agent asks the inevitable question: “Do you want to buy our loss damage waiver (or our insurance coverage)?” Most…
Should I purchase the Loss Damage Waiver when I rent ...
Auto and truck dealers make it very easy to buy a new vehicle these days. Buyers usually need to provide only an ID card showing proof of liability insurance and off they go. This practice makes it easy for the dealer and the buyer to overlook proper insurance coverage on…
How do I get coverage on a new vehicle when ...
There is an axiom in the business consulting business that there are two types of organizations: those that have been breached and know it, and those that have been breached and don’t know about it – yet. Of course you may believe you are in a third category: those that…
Does my company really need a cyber insurance policy? ...
A claims-made insurance policy is most often used to provide professional liability coverage, such as the coverage needed by lawyers and doctors to protect them from malpractice claims. But it is also used frequently for other types of liability insurance, such as employment practices liability, directors and officers liability, and…
What is a claims-made insurance policy?
In September 2009, ACORD revised the ACORD 25 Certificate of Insurance form. One of the major changes was the removal of the cancellation notice provision. We are unable to issue an older edition of this form, modify the current form, or complete a proprietary form you provide. Notice of cancellation…
Why is your agency declining to issue a certificate of ...
A certificate of insurance is an informational document issued by or on behalf of an insurance company. The certificate indicates that an insurance policy exists of a certain type and limits. Certificates are simply snapshots of basic policy coverages and limits at the time of issuance of the certificate. Certificates…
What is a certificate of insurance and can I depend ...
That’s an excellent question, and it’s a question asked by many business owners like you. Business income insurance (sometimes called business interruption insurance) can make the difference between “life and death” of a business following a catastrophic loss. It can be as vital to your survival as fire insurance on…