The End of 'Comprehensive' Automobile Coverage

The End of 'Comprehensive' Automobile Coverage

Most insurers no longer offer 'Comprehensive' automobile coverage, the age-old sidekick of 'Collision' coverage. Now, you have the option of 'Collision' coverage and 'Other-Than-Collision' coverage. What's changed and why did it change?

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What is a 'Hammer Clause'?

What is a 'Hammer Clause'?

For executives and board members, and also for most professionals, your actions have big effects on others. Consequently, they need special insurance, such as a Professional Liability policy or a Directors & Officers policy. In these policies, there is almost always a 'Consent to Settle' clause, often referred to as a 'Hammer Clause', that puts restrictions and conditions on settling claims. 

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What is Inland Marine Insurance?

What is Inland Marine Insurance?

There are a lot of funny names for insurance, and this is certainly at the top of the list. This article will answer questions such as ‘what is Inland Marine insurance?’, ‘when do I need Inland Marine insurance?’, ‘what is the most common type of Inland Marine coverage?’, and ‘where is property covered with Inland Marine insurance?’

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When Shouldn't You Buy Insurance?

When Shouldn't You Buy Insurance?

Insurance is a great tool to reduce your risk of loss, but it isn’t always the best method. Depending on certain factors, different methods can be employed to cost-effectively remove risk. Sometimes, the best way to reduce risk is to simply retain it! This article discusses the different methods and when to apply them.

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Tenant's Improvements & Betterments

Tenant's Improvements & Betterments

Many businesses do not own the space they occupy, but they make permanent changes and additions to these spaces. At what point does something become part of the building and not part of the business' personal property? What happens to items that fall in between the gap?

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What is Hired & Non-Owned Auto Insurance?

What is Hired & Non-Owned Auto Insurance?

Businesses that allow their employees to use their personal automobiles for business purposes and businesses that rent autos to use for business purposes both have a coverage gap. These situations can end up with uncovered claims without the right endorsements.

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Water Damage

Water Damage

Water damage is almost always excluded from personal and commercial policies. While water damage caused by flood or other outside-water can be covered by a Federal Flood policy, there are endorsements that can cover water damage that originates from inside the building. These types of water damage are commonly defined in four ways.

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