What is Fidelity Crime Insurance?

Posted by Nick Ghaffari

What is Fidelity Crime Insurance?  
 

Fidelity/Crime Insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common Fidelity/Crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.

Should Your Client Be a Named Insured?

Posted by Nick Ghaffari

Should Your Client Be a Named Insured?

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with a qualified professional who can provide guidance that considers your own unique circumstances.

Completed Operations - Very Important

Posted by Nick Ghaffari

Completed OperationsDoes Your "Additional Insured" Endorsement Cover "Completed Operations?"

The owner or contractor who seeks an additional insured endorsement generally anticipates it will receive coverage for claims that arise during the project and for construction defect claims that arise after substantial completion. Not all endorsements provide both types of coverage.

Leavenworth Wine Festival

Posted by Dianna Connelly

Leavenworth Wine Festival

 

Don't miss out on a beautiful drive to a quaint town to enjoy some fabulous wines and get your toes dirty stomping grapes!  What a great way to start off the beautiful fall season with the changing of the leaves and the wonders of a Bavarian town.

Levenworth Crush Festival  Sept. 18, 2010  3pm-7pm

 

New Apple Nano

Posted by David Connelly

New Apple Nano

WOW....

I love new exciting products and I have to admit I am impressed.  I insure a lot of products and I get excited everytime I see a cool and sexy product... Apple, you have done it again.

Per project aggregate explained

Posted by Nick Ghaffari

Per Project AggregateThis refers to the "aggregate" limit of your general liability policy. Look at your policy declarations and you'll likely see something like this:

General Aggregate: $2,000,000
Prod/Comp Ops Aggregate: $2,000,000
Each Occurence: $1,000,000
Personal/Adv Injury: $1,000,000
Fire Legal Liablity: $100,000
Medical Payments: $5,000

Waiver of Subrogation Explained

Posted by Nick Ghaffari

Endorsement to a property liability policy whereby an insurer gives up the right to take action against a third party for a loss suffered by an insured. Typically, under terms of the Subrogation Clause, the insurer, having paid an insured for a loss, takes over any rights possessed by the insured who has suffered the loss. For example, an insured, John Smith, is hit by another car while he is driving. His insurance company pays his claim and then may sue or attempt to recover damages from the other driver.

Primary & Non-Contributory Explained

Posted by Nick Ghaffari

Primary and Non-Contributory Wording means your General Liability policy, or any insurance policy that has this endorsement on it, will pay first in the event of a claim. The Non-Contributory part means that not only will your policy pay first, but it will pay the full amount of the claim until the limits are exhausted without your client contributing to the loss with their own insurance. Not all General Liability policies have this coverage built in and it can be quite expensive to purchase if your policy was issued without it.

Growth in the Economy

Posted by David Connelly

Is the economic recovery starting?

Economic activity in the manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®

Health Insurance Tax Credit affects small-business

Posted by David Connelly

As a former small business owner I only see additional layers of bureaucracy do to these mandates, and any savings noted by credits being offset by additional administration and management.

Health insurance tax credit likely to affect small part of small-business workforce

About 16.6 million workers are employed by small businesses that are eligible for health insurance tax credits under the new health-care law, according to estimates that were to be released by a nonpartisan research foundation Thursday.

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