07 Jan

Posted at 23:54h in Property & Casualty White Papers by . .
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These days, floods, earthquakes and similar catastrophes are common threats to a business’s property.

In fact, according to the Insurance Information Institute, natural disasters cause billions of dollars in property losses in the United States each year.

While commercial property insurance is an essential component of a business’s risk management portfolio, it can exclude coverage for floods and earthquakes. To address potential gaps in coverage, many businesses secure difference-in-conditions (DIC) insurance. This Coverage Insights provides an overview of DIC insurance, including what it is and what types of businesses can benefit from such a policy.

18 Dec

Posted at 20:15h in Property & Casualty White Papers by . .
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As an employer, you care about making your workforce feel valued and managing your organization successfully.

However, even if you do everything you can to ensure smooth relationships with your staff, employment practices liability (EPL) risks remain. That’s why it’s crucial for your organization to have EPL coverage. Such a policy can offer protection for claims that result from employees alleging various employment-related issues—such as discrimination, harassment and wrongful termination.

11 Dec

Posted at 17:28h in Property & Casualty White Papers by . .
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Maintaining adequate insurance coverage is an important practice within any organization.

A key element of ensuring a robust insurance program is to take steps to avoid experiencing potential gaps in coverage during policy transition periods.

One common cause of such coverage gaps stems from claims that are reported after a policy expires. Fortunately, that’s where an extended reporting period (ERP) can help. Review the following guidance for more information on ERPs and when to consider implementing this offering.