Jeremy Hill

On Jan. 8, 2015, Congress reauthorized the Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance backstop. TRIA was allowed to expire on Dec. 31, 2014. The bill will be effective as soon as the president signs it, an action that is expected in early January 2015. What is Terrorism Risk Insurance? TRIA was originally enacted […]

Commercial general liability (CGL) policies often have a care, custody or control (CCC) exclusion written into them. In simple terms, this means that if you take possession of someone else’s property and the property is somehow damaged while in your possession, the damage claim could be denied by your insurer based on the CCC exclusion.

 A key to understanding your workers’ compensation premium is the experience modification factor, also known as your mod. Understanding your company’s mod and the data used to obtain it helps you identify ways to minimize your workers’ compensation premium. Who calculates the mod factor? Most states use the National Council on Compensation Insurance (NCCI) to

 It is a common misconception that product recalls are covered under a general or product liability policy. Those coverages do a good job of covering bodily injury and property damage, but generally exclude contamination and recall events. This is referred to as the sistership liability exclusion. The addition of a product contamination or product recall

Why does my company need Business Interruption coverage?Originally established for the manufacturing industry, Business Interruption Insurance has evolved into an essential risk transfer tool for all industries. Coverage provides resources that aid in recovery and can help get a company back on its feet quickly. A small business owner ‘s restaurant in Mississippi was devastated by

Preparing for winter storms, whether your work involves being inside, outside or in a vehicle, 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. Use these tips to refresh your knowledge on winter

With all the possible OSHA violations and potential fines, ensuring OSHA compliance within your company can seem like a daunting task—but it doesn’t have to feel that way. Start with RecordkeepingDo you have an employee who is responsible for recording all cases of injury or illness? If you don’t, this is a good place to

Most industries are cyclical to some extent, and insurance is no exception. As an insurance buyer, it’s important to know what factors determine the cost of coverage. But understanding the market cycle is only half of the pricing equation: since you can’t control the market, it’s equally important to know what you can do to

Legal Considerations with Social MediaThe Web is full of legal concerns, and social media is no exception. Even if your company does not participate in social media, your employees undoubtedly use it on their own time, creating potential liabilities. Fore companies that do not engage in social media, various risks should be considered-from who owns

According to the Federal Emergency Management Agency, 40 percent of businesses never reopen after a disaster. Implementing steps to prepare for and respond to disasters can help to reduce loss. In order to protect your business from unavoidable interruptions, it is recommended that you have a plan in place. Having a plan in place serves