Carve-outs can help organizations better manage their property and liability exposures by “carving out” specific risks and insuring them separately. The technique might also save money. As insurance prices continue to increase and coverage becomes more restrictive, business owners and CFOs are looking for alternative ways to manage their risks. Some are turning to carve-outs,...
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Are You Guilty of Copyright Violation?
U.S. copyright law protects both published and unpublished original works, including music. Violating another’s copyrights can result in fines from $750 to $150,000 per violation, or each song illegally played. Did you know that U.S. copyright law might consider you a “performer” if you play music, live or recorded, at your place of business? If...
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When To Make Sure Your Business Auto Policy Covers Employees With Their Own Cars
Just because an employee uses a personal auto does not relieve the employer of liability if he or she injures someone while on the job. In many companies, employees drive during the course of their jobs — whether for deliveries, calling on clients or picking up supplies. They use their personal car rather than company...
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Don’t Toss Those Expired Insurance Policies
Especially your expired liability insurance policies. Imagine the worst-case scenario: a customer sues you for injuries allegedly caused by one of your products. It’s not clear when it happened or over what period of time. Then make it worse: you can’t find the policy that might cover that claim. Most liability policies today are written...
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