Directors and officers liability (D&O) insurance is a critical component of almost every organization’s risk management program.
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- Business Insurance
- Business Insurance
With today’s emphasis on corporate transparency and accountability, an organization’s directors and officers face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers.
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- Personal Lines
Some of the most disruptive and costly claims are a result of water damage from broken pipes. Follow these tips to avoid these potentially devastating claims.
Home Matters – Keep Your Pipes From Freezing
- Personal Lines
Preparing for winter storms is crucial to survival and safety. Become familiar with winter storm warning signals so you can take appropriate action and learn the dangers of winter ailments so you can avoid injury.
Winter Weather Warnings
Familiarize yourself with the following weather alerts so you know what actions you may need to take:
- Winter storm watch: Be alert, a storm is likely
- Winter weather advisory: Experts expect conditions to cause significant hazards, especially to motorists
- Frost/freeze warning: Experts expect below freezing temperatures and damage to plants, crops or fruit trees
- Winter storm warning: Take action, a storm is entering—or is already in—the area
- Blizzard warning: The combination of snow and strong winds will produce blinding snow, near zero visibility, deep drifts and life-threatening wind chill—seek refuge immediately
Preventing Cold Weather Injuries
To prevent serious injury from extreme cold, which could result in death or permanent damage, do the following:
- Select proper clothing for cold, wet and windy conditions and layer clothing when possible, making sure to include layers that repel moisture away from the skin.
- Take frequent breaks in warm, dry shelters when possible.
- Avoid over-exerting yourself, as your body needs this energy to keep its muscles warm. Work in pairs when it’s cold to share the load and watch for warning signs of frostbite or hypothermia.
- When you know you will be exposed to extreme cold, prepare yourself warm, sweet beverages to drink and warm, high-calorie foods to consume. Avoid drinks containing caffeine or alcohol.
Other Winter Storm Hazards
Be on the lookout for the following winter storm hazards:
- Adverse driving conditions, such as low visibility and slippery roadways
- Icy walkways and sidewalks, which could cause slips and falls
- Falling objects like icicles, tree limbs and utility poles
- Electrocution due to downed power lines or downed objects in contact with power lines
- Exhaustion, dehydration and back injuries from conducting manual labor in the snow
- Personal Lines
By Jason Wolf at propertycasualty360.com
It’s been 10 years since a devastating hurricane has hit the Southeast.
There are many property owners and managers whose careers began in the region since the last massive storm. These professionals — relatively new to the industry — may be unfamiliar with what they must do to prepare for the storm season, and the repercussions that are totally unfamiliar.
Even those who were in business more than 10 years ago often need a reminder of how catastrophic a major storm can be. And of course, the individual homeowner must also be fully aware of what he or she must do.
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- Business Insurance
Part of our firm’s signature assessment with each business we work with is to identify their exposure to loss to deliver risk management and insurance solutions.
Most business owners will proclaim, “We have a safety program!”. When diving deeper into the conversation, it becomes apparent that while they want a safe work environment for their employees and talk about being safe with their team, a formal written safety program is missing.
Having a formal written safety program that is constantly re-inforced is essential to a solid risk management strategy.
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- Personal Lines
Jun 29, 2017 | By Nir Kossovsky | http://www.propertycasualty360.com
The potential for damage from corporate reputational crises is greater than ever, with market cap, sales, margins and profits all in danger. But in today’s heated social media environment — in which the public and key stakeholder groups seem all too ready to personalize their criticism and affix blame on individuals — CEOs are now personally at great risk.
Professional risk managers — whatever their positions — need to understand that traditional executive liability solutions are ineffective for these new risks. They need to be able to advise company leadership on new tools available to deter attacks and to insulate their clients when attacks do occur.
Reputational risk evolution
In the past, companies had to worry only about the direct financial consequences of workplace accidents, lawsuits or investigations, officers and directors felt secure with traditional D&O policies, and brand executives were skilled at deploying the full spectrum of the marketing tactics.
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CEOs and companies need protection when reputational crises hitRead More »
- Personal Lines
What You Don’t Know Can Hurt You
Re: Short term rental of your home
The rental of your home for a weekend, a week, a month or more may void some of the coverages afforded by your homeowner’s policy. For example:
- Theft of personal property may be excluded.
- Bodily injury and/or property damage that occurs during a short term rental could result in a denied claim.
- Tenant use of recreational vechicles, boats and/or automobiles that result in a claim against you may be denied coverage.
Contact the Tooher-Ferraris Insurance Group and one of our insurance counselors will review your current insurance to make sure that you are properly covered as well as design an insurance program that will improve your coverage and reduce your cost.
Because You Need the Solution Before You Have the Problem
- Business Insurance
EMERGENCY ACTION PLAN (EAP)
Acadia Insurance | 2017 Hurricane Bulletin
Setting up an Emergency Action Plan helps aid and organize employer and employee procedures during workplace emergencies. Well-developed emergency plans and appropriate employee training, in which employees understand their roles and responsibilities within the plan, can result in fewer and less severe employee injuries and less structural damage to the site during emergencies.
Every business should have an emergency plan. It can save lives, company assets, and your ENTIRE business.
BEFORE THE STORM
Set Up a “Go Box” for Critical Papers
Use a plastic, waterproof container that can be used to hold and carry essential business documents and useful forms including:
– A list of all employees, key customers and clients along with their phone numbers.
– Insurance policies and agent contact information.
– Back‐up electronic data. …
- Personal Lines
May 08, 2017 | By Laura Doyle | www.propertycasualty360.com
Between the 1960s and the 1980s, a total of 25 private collections were open to the public as museums. But as the number of collectors has increased and the value of the fine art market has skyrocketed over the past four decades, so too has the number of private galleries. In fact, 70 percent of all private museums in the world have opened since 2000.
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Insuring private art galleries: A valuable checklist for clientsRead More »
- Personal Lines
According to PropertyCasualty360.com, roughly 6 million couples will get engaged on February 14th. That’s a lot of insurance considerations for couples deciding to make the big commitment of marriage — and possibly, one day, divorce.
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4 Insurance Musts For Couples Getting Married — or DivorcedRead More »
- Personal Lines
Life insurance isn’t a pleasant thing to think about, and it may seem like an unnecessary expense. But if you have dependents who rely on you for financial support, then life insurance is really about protecting them in case something happens to you.
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