Management talk: who said you don’t need E&O? Most alarm dealers have Errors & Omissions (E&O) coverage along with their General Liability (GL). However, some believe that carrying GL only, and no E&O, is sufficient. Where did this idea originate? …
California Department of Insurance Orders Workers’ Comp Carriers to Return Premiums Due to Stay-At-Home Orders On June 17th, 2020, California Insurance Commissioner Ricardo Lara issued an Order adopting emergency workers’ compensation regulations in response to the COVID-19 pandemic. These new …
Many of our environmental contractors doing emergency-related services and environmental remediation are considering offering their services to help combat the COVID-19 Pandemic. They also want to keep their doors open and their folks employed through this crisis. It makes sense …
Does my insurance cover business losses from Covid-19? Is your business is experiencing slowing revenues due to the coronavirus? You might be asking this question, “Does my insurance cover business losses from Covid-19?” Under General Liability? Unfortunately, there’s not much …
Cyber Risk – Threats and Treatments The California Alarm Association’s winter convention, one of the foremost industry events in the electronic security arena, was held in San Francisco this past December. There I had the privilege of speaking about Cyber …
You bought insurance for your business for protection, you wanted to make sure you were covered, and now you have a claim… it’s not huge, but you’ve rarely (never?) had any claims before, so this is unfamiliar territory. Do you …
Workers Comp and Independent Contractors: What you need to know Previously, we discussed how a company can protect itself and it’s own insurance from the risks inherent in hiring subcontractors (see this article). There we considered risk management best-practices for …
There’s no doubt that accidents happen in the workplace. However, when an employee makes a false claim of injury, your business is on the line. Workers’ compensation fraud costs the insurance industry $5 billion each year according to the National …
How Much Liability Insurance Should I Carry on My Alarm Company? This is a business question I see frequently, but the answer is a classic “it depends” because there are so many variables that have to be weighed in the …
Don’t Let a Subcontractor Jeopardize Your Insurance Protection The term subcontractor is defined as an independent business or person that carries out work for a company as part of a larger project. Many businesses use subcontractors, or “subs”, to handle …
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