COVID-19 and the recent political unrest have come with implications that are either direct or consequential to the insurance market. Many businesses looking to renew long-standing commercial insurance policies are finding either increased premiums or a refusal of certain excess carriers to extend the same policy limits. This has caused many businesses to either shop
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Was Your Business’s Property Damaged during the Civil Unrest? Ten Things You Can Do if Your Property Has Been Damaged.
By Christopher Yetka & Paul R. Smith on
Posted in Insurance, Insurance Insight Series
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Notify Your Insurer.
Typically, property insurance policies require notice of a claim as soon as practicable. Notice requires a description of when, where and what happened to result in a claim. If you have a loss, put your insurer on notice immediately.
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File a Police Report.
Make sure to file a police report. Many policies
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Directors and Officers Coverage Renewal: Pitfalls to Avoid
By Christopher Yetka on
Posted in Insurance, Insurance Insight Series
Introduction
What do all construction and real estate companies have in common? They have directors or managers and officers concentrating on running the companies and remaining profitable. Most companies maintain Directors and Officers (D&O) insurance to protect these important stakeholders from liability and lawsuits that can arise from their work. Because there is no standard…