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Commercial Insurance

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Anti Indemnity Statutes and Contractors

It’s almost impossible these days to find a construction contract that doesn’t include “hold harmless”, “indemnification”, “additional insured”, and/or “waiver of subrogation” provisions somewhere. These are clauses that attempt to hold the subcontractor legally accountable for job-site accidents and injuries. No one would argue that a subcontractor should not be...
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Commercial Umbrella Liability Insurance

Most of our clients buy an umbrella or excess liability policy. With multi-million dollar jury awards becoming increasingly commonplace, it's a sensible thing to do. If you have any business relationships that require you to provide evidence of insurance, like leases or contracts for example, you’ll also see requirements for...
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Is Your Business Insured in Case of a Cyber War?

Iran recently shot down an unmanned U.S. surveillance drone aircraft flying in international airspace, sparking increased tensions between the U.S. and Iran. Military action was avoided, but the U.S. was reported to have launched a cyber attack on Iranian tech assets in response to the attack. U.S. cybersecurity companies, who...
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Insuring Key People

You know you need properly written property insurance to insure such physical assets as buildings, machines or equipment, stock, inventory and so forth, to ensure the continued operations and profitability of your business. Aside from tangible physical assets, though, many businesses, especially smaller businesses with fewer employees and/or thinner management...
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Drones and Your Insurance

In recent years use of drones (unmanned lightweight aircraft controlled by an operator on the ground) has exploded. Industries and businesses have found many uses for them. Utilities and pipelines use drones as a cost effective substitute for manned inspectors. Construction companies keep tabs on jobs remotely. Commercial property owners...
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What Makes a Good Cyber Insurance Policy?

Businesses are buying Cyber policies at a rapid rate. Two main reasons for this are the unending stream of reports of breaches as cybercriminals find ways to attack even the largest, most sophisticated organizations, and the fact that insurance policies have evolved to a point where they offer real value...
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Admitted vs Non-Admitted Carriers: What You Need to Know

Here’s a term you may have heard or read in the past: “Coverage has been placed with a non-admitted carrier…”. What does that mean? There are, broadly, two types of insurance companies you may deal with, admitted and non-admitted insurance companies. An “admitted” insurance company is one that has been...
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Loss Creep and the Hard Insurance Market

Here’s a term you’ll likely start hearing more frequently… “loss creep”. The commercial property and casualty insurance market is getting harder, faster, than many expected or predicted, and in unusual ways. One major driver for this trend is reinsurance rates. Reinsurers are companies that write insurance for insurance companies. By...
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