As carriers in the standard market increased rates due to catastrophe frequency and severity and property undervaluation, the excess & surplus market responded by providing inexpensive capacity.
Is it mandated that a company with a 401(k) plan must have fiduciary liability coverage if they already have an Employee Retirement Income Security Act of 1974 (ERISA) bond?
As some companies physically reopen and look to have employees return to work in some form or other, there are numerous logistical matters to consider.
“Contractors pollution liability terms and pricing continue to remain competitive, but site pollution liability is another story,” says independent agent Bill Howard. “Markets are certainly more conservative and carriers are offering short-term policies.”
When employees work from home, is it necessary to list all employees’ home addresses as a workplace for workers compensation to apply?
Since the restoration contractor invoice is paid out of the building limit, how can an agent ensure the cost is covered? Should the price of the building be inflated?
The rise in boutique alcohol producers, from microbreweries to distilleries and wineries, has presented increased risks and complexities in the liquor liability marketplace.
“It’s really important for every commercial client to have this coverage, which we’re keeping in mind as we’re growing our commercial book,” says independent agent Melissa Stallings. “As I’ve learned, employees are the bread and butter of a business.”
The hospitality industry has been forced to reinvent itself by embracing game-changing tactics including online ordering, curbside order pickup and to-go beer and cocktails.
The product offers a multiline solution including professional liability, general liability, property, automobile umbrella and workers compensation coverage for health care facilities.