Everything you need to know about additional insureds
An additional insured is a party (a person or an organization) that’s not included on a liability insurance policy but is added at the request of the named insured, usually via a policy endorsement, related to a specific job, activity or location. Additional insureds may also be named in the “who is an insured”
What’s covered by General Liability Insurance (and what isn’t)
The Insurance Information Institute reports that the average jury award for a major liability claim in 2015 was $1.14 million. Imagine that a product you sold causes a customer to be injured. Even though you would never purposely harm someone, you may be liable for medical bills, court fees, and other damages, and those
Top 4 Coverage Traps to Avoid in Commercial Property Insurance Policies
When you consider purchasing commercial property insurance, there are a few sneaky traps that should be avoided. We’ll explain what each of these are and why you should be wary of them below. These are the four most common traps. Ordinance or Law Ordinance or Law coverage is often something that is overlooked.
How Restaurants Can Prevent Lengthy Business Interruption
Restaurants have to rely on utilities and services like them to keep things running smoothly. There needs to be access to clean water for a number of uses, like cleaning and cooking, and access to electricity to keep lights buzzing and equipment working. Plus, gas needs to be available to use for ovens, stovetops and
Contractors: Do You Know Your Minimum Insurance Requirements?
The construction industry is a thriving field that is in the middle of a huge boom in opportunity. Growth is expected to steadily rise over the next few years and cities like Portland and Phoenix are opening up to population growth due in part to the construction industry. But while this is great news for
The Current State of Construction Insurance
The construction industry has seen a huge boon in recent years, working hand-in-hand with a growing economy. The industry is seeing growth in nearly every aspect including non-residential commercial construction, employment and manufacturing. Even the public sector portion of construction is looking at a small increase from last year, according to Associated Builders and Contractors.
What to Do if Your Restaurant Gets Sued
People who own and manage restaurants and cafes have plenty on their plate already. From having to focus on turning a profit to keeping employees happy and motivated, restaurant owners don’t want to have to shift their focus to legal issues related to customer claims. Restaurants are prime locations for good food as much as