February 19, 2025
jdowdins7 Insurance Coverages For Contractors
Essential Insurance Coverage for Contractors: Protecting Your Business and Projects As a contractor, your work is demanding, unpredictable, and filled with risks—both on and off the job site. Whether you’re building custom homes, renovating commercial properties, or managing large-scale infrastructure projects, the right insurance coverage is essential to protect your business from financial loss and […]
January 27, 2025
jdowdinsWhat Does a Business Owners Policy Cover?
Many large businesses rely on standalone policies to insure their various risks. However, a business owners policy, commonly referred to as a BOP, packages both property and liability coverage for eligible small businesses. These policies make it easy to protect a business from common risks in a cost-effective manner. BOPs typically include three types of […]
January 23, 2025
jdowdinsWhat is a D&O Runoff Insurance Policy?
Understanding D&O Runoff Policies Directors and officers liability (D&O) insurance is a vital safeguard for business leaders making decisions on behalf of their organizations. However, when a company is merged with or acquired by another entity, these leaders may face personal liability if their D&O insurance is canceled or expires. In these scenarios, a D&O […]
January 13, 2025
jdowdinsPreventing Theft and Vandalism in Small Businesses
Theft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. Given these potential consequences, business leaders must take steps to safeguard their organizations. This blog explores the risks of theft and vandalism, prevention strategies, response protocols and essential insurance considerations. Theft […]
January 6, 2025
jdowdinsThe ABCs of D&O Insurance
D&O insurance policies typically include three standard insuring agreements—Sides A, B and C—detailing the scope of coverage and the insurer’s promise to indemnify policyholders against covered losses: Side A (D&O liability coverage)—Side A protects individual directors and officers against losses when the organization cannot indemnify them. This coverage safeguards personal assets and is crucial for […]
December 26, 2024
jdowdins5 Insurance Policies for Small Businesses
With so many different types of insurance to choose from, it can be overwhelming to determine what type is best for your small business. Understanding the following five insurance policies can help your business make decisions to financially protect employees and the business’s bottom line. 1. Commercial Property Insurance In the case of a catastrophic […]
December 20, 2024
jdowdinsEmployment Practices Liability Insurance Tips
Tips for EPLI Insurance Buyers Assess your employee handbook and related policies. Ensure you have all appropriate policies in place, including language on discrimination, harassment and retaliation. Implement effective sexual harassment prevention measures (e.g., a zero-tolerance policy and a sexual harassment awareness program), reporting methods and response protocols. Promote diversity, acceptance and inclusion in the […]
December 18, 2024
jdowdinsDirectors & Officers Insurance Tips
Tips for D&O Insurance Buyers Examine your D&O program structure and limits alongside your insurance professionals to ensure they are appropriate and take market conditions and trends into account. Consult insurance brokers, loss control experts and underwriters to gain a better understanding of your D&O exposures and cost drivers in the market. Work with your […]
December 16, 2024
jdowdinsCyber Insurance Tips
Tips for Cyber Insurance Buyers Work with your insurance professionals to understand the different types of cyber coverage available and secure a policy that suits your unique needs. Start renewal conversations early. Take advantage of loss control services offered by insurance carriers to help strengthen your cybersecurity measures. Focus on employee training to prevent cybercrime […]
December 13, 2024
jdowdinsWorkers Comp Insurance Tips
Tips for Workers Comp Insurance Buyers Implement safety and health programs to address common risks, especially when using a loss sensitive workers’ compensation program. Conduct routine safety training for employees of all ages and experience levels. Consider implementing various digital solutions, such as wearable safety technology and AI tools, to help prevent incidents, treat employee […]