Are You Covered for Personal Use of Company Vehicle?
Getting a company car is a coveted perk for employees, but it can also cause some coverage issues with your personal auto policy. The standard auto policy excludes coverage for non-owned vehicles furnished or available for your regular use. This…
Long COVID Casts Costly Shadow over Workers’ Comp
Workers’ compensation insurers are grappling with covering claims for workplace COVID-19 infections that develop into long COVID, as those claims may stay open for years in some cases. For companies in states that adopted laws requiring workers’ comp insurers to…
Cyber Insurance Pricing Ebbs
After two years of massive rate increases, cyber insurance market pricing has been softening and transitioning into a buyers’ market, according to a new report by Aon Plc. In 2021 and 2022, 100% rate increases for cyber liability insurers were…
Commercial Auto Insurance Rates Spiking
Skyrocketing claims costs and higher accident rates are pressuring the commercial auto insurance market, as insurers impose increasingly larger rate hikes and more are pulling out of the market or restricting who they will cover. While rate increases have been…
Why Your Business Needs an Umbrella Liability Policy
If you own a business or commercial property, consider how easily you could absorb events like these: Incidents like these are rare, but they are always possible. They can drive companies out of business or property owners into bankruptcy without…