Commercial Lines

Protect small businesses by ensuring general liability protection covers these emerging risks.

An employee’s purse was stolen when she startled a robber in the middle of a break in. The carrier says the loss is excluded from the business owners policy under the theft exclusion.

By: AnneMarie McPherson If you think the worst thing about an internet outage is no Netflix for a few hours, think again. For businesses increasingly reliant on the internet to conduct business, an outage is a major disruption. “Every single type of business is impacted by potential internet outages,” says Meredith Elkins, partner at Cohen…

The product offers pay-as-you-go, per-load, all-risk smart coverage that includes automated claims on a digital platform.

The pandemic has reinforced the importance of workplace safety and the flexibility required of employers and employees.

“Recently, the market has been constricting—both in appetite and limits available, and mostly in the excess and umbrella lines,” says independent agent Tony Arneson. “The number of lawsuits and the size of jury awards are rapidly trending higher.”

An underwriter says that tax stamps that are affixed to tobacco packages are money and securities, even though they were previously insured as valuable papers.

While pandemic-related claims and losses were reported, the overall financial impact of the pandemic has been manageable for the workers comp market. But a number of trends continue to evolve and uncertainty remains.

The products offer the clear wording and transparency needed for the unique characteristics of special purpose acquisition companies (SPACs).