Posts by Insurance News Editor
What Is General Liability Insurance?
“What is general liability insurance?” This is a question many business owners ask. And they don’t just want to know what it is, they want to know if they need it. The truth is, liability insurance is an essential part of an insurance plan. General liability insurance (GLI) can help cover claims that your business caused bodily…
Read MoreWhat You Need to Know About Commercial General Liability Insurance
Many small business owners have no idea what type of commercial insurance they really need. After all, nobody wants to spend money unnecessarily. For most, all that is required is general liability coverage. What is Commercial General Liability Insurance? Your CGL policy protects your business from financial loss in the case of property damage, bodily…
Read MoreCommercial General Liability Insurance
A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. It covers non-professional negligent acts. Understanding this coverage is an important first step in managing CGL risks. Here are just a few examples of…
Read MoreIN: What Does Liability Insurance Cover?
Dear Valued Customer, Liability claims are common and can come up during normal business operations. They can get expensive for small businesses and many don’t have the resources to cover a liability claim. That’s why we’re covering them in more depth in this issue of “Waimea Insurance News.” Not only that, there are dangers in…
Read MoreIN: Do Independent Contractors Need Liability Insurance?
Dear Valued Customer, As a 1099 contractor, it’s important to have the right insurance protection. You can get sued just as easily as any other small business owner, and liability claims can be very expensive. If you don’t have coverage, and if a client, customer or unrelated injured party sues you, you’ll have to pay…
Read MoreWhat is Employment Practices Liability Insurance (EPLI)?
What happens if you fire someone and they turn around and sue you for discrimination? Regardless of why you let them go, you are going to have to pay for your legal defense. Imagine if one of your employees harasses another. Your company could face settlements and legal fees, all because the offense took place…
Read MoreIN: EPLI Insurance and Employee Benefits in the Age of the Coronavirus
Dear ——, The COVID-19 pandemic has forced employers across the country to rapidly make numerous and significant decisions about how to manage their business in this unprecedented time. Employers have had to quickly develop and implement policies and procedures addressing remote work, layoffs, furloughs, pay cuts, workplace conditions, and a host of other issues. Not…
Read MoreIN: High Risk Of Coronavirus Related Discriminations Claims
Dear Valued Customer, It is too early to know the full extent of lawsuits resulting from the impact of the coronavirus pandemic, but come they will. We anticipate OSHA claims in the coming months, claims to do with the Family & Medial Leave Act, (FMLA), the Fair Standards Act, (FLSA), wrongful termination claims, and more.…
Read MoreCoronavirus & Implications On Employment Claims And Insurance
My colleague, Jason Rubinstein, recently wrote a piece highlighting potential impacts the coronavirus pandemic might have on various commercial lines of insurance. Though too early to know the full extent of resulting lawsuits, it is only a matter of time before employers start to see claims by current or former employees stemming from issues related to…
Read MoreHigh risk of discrimination claims as employees return to work
Small and medium-sized businesses (SMBs) could face a higher risk of discrimination claims and employment practices liability (EPL) lawsuits when their employees return to work once COVID-19 restrictions are lifted. There are multiple factors exacerbating EPL risk amid the coronavirus pandemic. Many SMBs were forced to close their doors for two months or longer during…
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