Builder’s risk insurance is essential coverage for new and remodel construction projects. The construction contract often requires that it be purchased by the project owner or general contractor. Unfortunately this does no always happen, and when a property damage claim is incurred, you don’t want to get burned. Here is an actual claim regarding a …
Cybersecurity attacks have become not only more numerous and diverse, but also more damaging and disruptive. Contractors are not immune from cyber-attacks, or the costs and liabilities caused by these attacks. Download the Article
July 1st 10.2% Rate Reduction Approved. On May 7th, the California Insurance commissioner approved the WCIRB’s request to lower the existing advisory pure premium rates by 10.2%, effective for policies renewing on or after 7/1/15. Download the Article
Are you properly screening your drivers and enforcing your written rules for the use of your company vehicles? If not, punitive damages are possible under the theory of negligent entrustment, and they are not insurable under California Insurance Code Section 533. Download the Article
Workers’ compensation costs and Experience Modification Rate (EMR) ranking are two key components of any competitive bid. Experience has shown that it takes a total team effort from internal and external champions to be best in class. Here is a checklist of 30 ideas to help you succeed in reducing your premiums and EMR: Download …
As you know, workers’ compensation costs and your Experience Modification Rate (EMR) are two key components of any competitive bid. Multiple small claims (below $7,001) can, and often do, adversely affect your EMR more than one very large claim. Accordingly, when thinking about how to reduce your premiums and EMR, one of the primary goals …
New Heat Illness Requirements May Take Effect May 1st: The Occupational Safety & Health Standards Board (OSHSB) recently proposed amendments to the current heat illness regulations. The new regulations are not yet in effect, as they have to be approved by the Office of Administrative Law (OAL), but they are worth discussing nonetheless. Download the …
Daily news reports continue to highlight the need for Employment Practices Liability Insurance (EPLI). The recent high profile case of Ellen Pao v. Kleiner Perkins received daily media attention. Greg Bauman, the editor in chief of the Silicon Valley Business Journal, reported on April 2, 2-15 that “Even though the verdict rejected Pao’s claims…the damage …
Employment Practices Liability Insurance Lawsuits on the Rise Read More »
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 »