What is Contractors Errors & Omissions Insurance (E&O Insurance)?
Posted: June 24, 2021
Lets face it, mistakes happen sometimes. Most people understand that General liability covers you for injuries and property damage, but what does E&O insurance cover? To sum it up and keep it simple, E&O will cover your mistakes (Wrongful Acts) that cause financial loss to a customer. There are three general areas that this can occur and those are; errors or omissions in the...
Unemployment Insurance Fraud
Posted: May 3, 2021
Unemployment insurance fraud is spreading fast. Consumers should be aware that these criminals are taking auto insurance policies out in the names of unaware citizens and using the ID card for Identification to establish an unemployment insurance account. If you get a policy sent to you in your name that you didn't take out or an unemployment claim notice that you didn't file, you should...
Insurance Market for Multi Family Habitational Exposures
Posted: March 1, 2021
Casualty Market Outlook for U.S. Multifamily Habitational Risks—Fall 2020 The Property & Casualty market firming that began in the last half of 2019 continued into the second half of 2020, with expectations that things will remain unchanged as we enter 2021. This market firming has impacted both the Primary Liability and Umbrella/Excess Liability marketplace. Although Casualty losses in the Multifamily Habitational market have not reached...
WILL MY HOMEOWNERS POLICY COVER MY HOME FOR SALE OR VACANT HOME?
Posted: November 30, 2020
Many consumers are under the impression that their Homeowners policy covers them for pretty much everything. While the HO-3 or standard homeowners policy does provide a lot of coverage, it also is intended to cover an "Owner Occupied Dwelling" and not a vacant dwelling. The policy has some clear definitions of vacancy, essentially any unoccupied dwelling for 30 days or more. Unfortunately, ,many consumers leave...
How much life insurance do I need?
Posted: November 30, 2020
How much life insurance you need will vary based on personal and financial circumstances, but essentially you need enough to replace your income and cover your dependents' expenses, including future ones. Most people should aim for 10-15 times their income. WHAT! you may say? I can tell you the sad stories of people not having any life insurance or not enough either. What I can't...
