Most general liability and workers’ compensation insurance policies are issued on an auditable basis. At expiration, insurers will use in-house or independent auditors to review your records, adjusting your premiums to actual exposures. Audits are typically conducted 60-120 days following your insurance policy expiration. The auditor will make an appointment to visit your office and …
The Insurance Service Office (ISO) provides standard insurance coverage forms used by most insurance companies. As updated forms are released, the older forms are taken out of publication and are generally no longer used by admitted insurance companies, as a result of their licensing agreements with ISO. In April of 2013, ISO issued several new …
The Narrowing of Coverage from Additional Insured Endorsements Read More »
BY GREG ROUSH Umbrella coverage is your best line of defense for general and auto liability catastrophes. When most businesses consider an umbrella insurance policy, they think about the premium cost and the possible benefits of the coverage. Some business owners may reach the immediate conclusion that they will never see a catastrophic loss, so …
Managing the Risk of Newly Licensed Drivers. Driver Selection and entrustment of a company vehicle is a critical part of every contractor’s overall risk management program. One of the most important steps in allowing employees to drive company vehicles is to follow a consistent process of driver selection, and evaluation of experience/expertise in driving assigned …