Monthly Archives: April 2017

Protect Your Pets

Your four-legged friend is part of your family, and when your pet gets sick, it needs medical care. Veterinary services can be expensive, though. Pet insurance helps you afford the treatments your pet needs. How Does Pet Insurance Work? Every pet insurance policy is a little different, but in general you may visit any licensed… Read more »

Houseplants Work Better than HVAC Systems

The focus on energy conservation has been making our buildings get tighter and tighter, allowing less and less air exchange. This can result in “Sick Building Syndrome,” with pollutants trapped inside the building causing such symptoms as sensory irritation of the eyes, nose, throat; neurotoxic or general health problems; skin irritation; nonspecific hypersensitivity reactions; and… Read more »

How Trusts Can Protect Your Assets

Most people do not look forward to planning the distribution of assets upon their death. However, it is a task that all of us must face. And, that’s where trusts enter the estate-planning arena. A trust is simply an arrangement whereby one person holds legal title to an asset and manages it for the benefit… Read more »

Why Do You Need Business Insurance?

Most business owners would agree that it’s important to maintain insurance to protect business assets. When they think about insurance, business owners generally consider protection against hazards such as fire, flood or theft at their company sites. This is obviously an important protection to have. However, there are other types of hazards that may not… Read more »

Layoffs and Your Insurance Risks

One of the most difficult aspects of running a business is the hiring and firing of employees. In particular, firing or terminating an employee can be a complex issue regardless of the circumstances involved. Proper handling is necessary in order to prevent the employee from harboring hard feelings against the company. Furthermore, in this situation… Read more »

Builder’s Risk Coinsurance Clauses, Common Mistakes and Penalties

Coinsurance clauses are commonly found in a Builder’s Risk Completed Value policy. As one might deduce merely from the name, a coinsurance clause involves the policyholder becoming a co-insurer of the risk of loss with the insurer. In other words, certain conditions would result in the insurance company not paying the total amount of loss,… Read more »

The Blurry Lines of Liability

In construction and trade contracting, insurance and liability can be tricky. To what extent do you have to cover your own risks? To what extent can you expect the client to take full responsibility? Who pays out if one of your crew members is injured on the job? What if a third party takes a… Read more »

What is a Waiver of Subrogation?

It is very common for the insurance requirements in a construction contract to include a provision requiring the subcontractor to waive all rights against the owner and general contractor for recovery of damages to the extent these damages are covered by the sub’s workers’ compensation and general liability or commercial umbrella liability insurance. Owners and… Read more »