Auto Loan/Lease Gap

Auto Loan/Lease Gap 2 minute read Everyone knows the adage that a new car drops in value the moment it’s driven off the lot. Estimates are that the value drops 10-15% immediately, and up to 50% in the first three years. Aside from the economics of purchasing an asset that decreases so quickly, it can […]

Dependent Business Income – Part 2

Dependent Business Income – Part 2 2 minute read ISO uses 5 forms to offer Dependent Business Income coverage. As a reminder, companies which provide this coverage generally have broader terms than ISO uses. Still, it is a good idea to be familiar with basic terms of DBI. The five ISO forms are: Business Income […]

Dependent Business Income

Dependent Business Income 2 minute read Contemplate these loss scenarios: A company manufactures widgets, depending on a main supplier of component parts. The suppliers suspends operations when a truck drives into the building. After current inventory is sold, revenues for the widget manufacturer drop 100%. A farm sells all of its vegetables to a national […]

Managing Non-Owned Auto Exposure

Managing Non-Owned Auto Exposure 2 minute read Many businesses have non-owned auto exposure, employees driving their own vehicles in the course of business. While the insurance policy may provide coverage, managing the risk is often overlooked. Risk management strategies can be used to reduce this exposure. After a non-owned accident is a bad time to […]

Stand Alone Extra Expense

Stand Alone Extra Expense 2 minute read BusinessIncomeAndExtraExpense. Sometimes we spit out the words so fast, it all sounds like one thing, similar to HiredAndNonOwnedAuto. But in fact, they are separate coverages. Most agents that have a license know that BI can be purchased without EE, but some do not know that EE can also […]

Extended Business Income and Extended Period of Indemnity

Who gives these confusing names, anyway?

Alternatives to Coinsurance for Business Income – Part 2

Does Business Income require coinsurance?

Alternatives to Coinsurance for Business Income – Part 1

Does Business Income for Property require coinsurance?

War Exclusions in Cyber

Is that war exclusion in the cyber policy innocuous?

Voluntary Property Damage

What is Voluntary Property Damage coverage, and who needs it?

Host Liquor Liability

What is Host Liquor Liability, and who needs this coverage?

Specified Causes of Loss

Looking for a way to reduce Auto insurance costs during the hard market? Consider Specified Causes of Loss.

Employee Benefits Liability

Is Employee Benefits Liability the same as Employers Liability? And if not, then why oh why are the names so similar?

Cybersecurity and Infrastructure Security Agency (CISA) Services

What’s better than a Cyber policy? Scanning and testing for threats before they happen.