Most businesses need crime insurance, yet it is often overlooked and not discussed in detail. While an open-perils property policy may cover theft, it often excludes or sharply limits coverage for money and securities. Under a named-perils property policy, theft is typically excluded altogether. Employee theft is excluded under all property policies, so businesses with employees who handle money should carry crime insurance. Crime insurance must be carefully structured, with

Your insurance company may request that Verisk, formerly ISO, come out to your property and conduct a survey to establish the base loss costs for your property. While many carriers say they do not use the Verisk loss costs, they do use the data collected during this process. Inaccurate data can lead to incorrect construction classifications and no sprinkler credits given. This information will persist until another insurance company orders and pays for a new survey. Your prop

Every business uses cars or trucks to conduct their business. As auto accidents are the most frequent commercial insurance claim, you...

A manufacturing risk with high piled rack storage had a fire pump to support their sprinkler system. The fire pump was tested and the...

It has been said that unless you understand history, you will repeat it. That proves true with loss experience. Lack of understanding and...

What can your car tell me about you? Uses of Telematics Telematics is a powerful tool for managing fleet safety and vehicle maintenance....

Additional insured status runs in one of two directions: asking for additional insured status from someone or providing additional...