Affordable Health Plans for Cooley Law Students
Organizations and businesses often do not understand the significant exposure they have with Hired and Non-Owned Auto Liability. Many believe that they do not need Commercial Auto coverage if they do not own vehicles. However, all business organizations have an exposure to loss when employees or volunteers use their own personal vehicles...
Read More »
Every year employers look for ways to reduce and control their employee benefit expenditures, especially for medical coverage. For the most part, when it comes to medical coverage employers increase deductibles or co-pays without really studying alternative plan designs to reduce costs and increase benefits to employees. Cost shifting to empl...
Last week, I went into detail about the speicific parts of Ordinance or Law coverage. Click here to read the article. When considering the need for the Ordinance or Law coverage, building owners should also consider the effect that the new codes or laws will have on the time it will take to repair or replace the building. Under a no...
Last week, I discussed the importance of Ordinance and Law Coverage for older buildings. Click here to read the article. As I mentioned in my previous entry, Ordinance and Law Coverage has three basic parts. The specific coverages provided under this endorsement are: Coverage A - Loss to the Undamaged Portion of the Building - If part of ...
There are many situations in which an employee drives his or her personal auto to perform a business-related task or activity. They may be traveling between worksites, visiting clients, transporting clients, traveling home from work-related events and even making quick stops to pick up food for a meeting. In some cases, even making a work-rel...
If you travel outside of the United States and Canada and want to rent an automobile, you'll need to take special consideration when it comes to insurance. Your personal automobile policy in the United States most likely will not respond, as coverage is typically confined to the U.S. and Canada. However, there are other options available to you as...
Refrigeration systems have been utilized to the extreme during this hot weather. If these systems fail, it's important to know if your insurance will adequately protect your business. If you have food of significant value in walk-in freezers, you should consider adding coverage for food spoilage. A recent example involves the Mid-Michiga...
Last week, we talked about what you should do if you come out of a store to find your car damaged. But, what if you saw the incident or have witnesses who saw the person who damaged your car? If you can determine who hit your parked vehicle, try to obtain their license plate number and a description of the vehicle and the driver. If possible, take...
Unfortunately, many of us have been in this situation before. You walk out of the grocery store or mall and find that someone has hit and damaged your car! What should you do? If possible, go back into the store you were visiting and report the fact that your car has been hit. If you're in a mall with a security service, contact security to...
With the floods in North Dakota splashed across the news daily, we find ourselves more aware of how damaging water can be. While the situation in Minot can be clearly defined as a "flood", many water claims do not meet that definition. Typical water damage claims result from: Sump pump failures Backup of sewers and drains Damage t...
The U2 concert planned this weekend in East Lansing brings enormous economic opportunity, revenue, energy, and enthusiasm to the Mid-Michigan community. In addition, it brings assorted liability exposures. While Spartan Stadium is accustomed to hosting large public events, it's important to note that an organization's liability exposures may incre...
With the increased frequency of data breach stories in the news recently, we've been getting questions about what specific terms mean. Here is a brief guide to data breach terms: Data Breach - The unauthorized release of nonpublic information. At least 37 states have laws that mandate certain requirements once a data breach is discover...
Simply put, reinsurance is the insurance purchased by insurance companies. There are two types of reinsurance: facultative and treaty. Facultative is reinsurance for a specific account, such as the Mackinac Bridge. Treaty reinsurance is on a class of business an insurance company sells, such as homeowners insurance. All insurance companies pur...
