Author: The State of Ohio PIA (Professional Insurance Agents) | Editorial comments are enclosed within the [ ] brackets. The Homeowners Personal Liability insuring agreement [Section II] says the insurance company will “pay up to our limit for damage for which an ‘insured’ is legally liable; and provide a [legal] defense.” [In addition to the… Read More »
Author: Independent Insurance Agent’s of America “Big-I” & Trusted Choice | [Editorial Note: This material applies to any home event where liquor is hosted. Off-Premises events will be dealt with in a later post.] The Trusted Choice® survey found that about one-third of homeowners did not think or did not know if they could be… Read More »
Author: Phyllis Van Wyhe, CPCU, CIC – A rental car agreement defining the obligations of the car rental company and renter may at first appear to be quite simple. However, it is a legal contract with several important options for the car renter to choose. An incorrect choice could lead to confusion, trip delays, or economic… Read More »
Excerpt from ia Magazine – Author Bill Wilson | An agent’s insured has multiple rental properties. During a recent inspection, the insured found hail damage to a roof and reported the claim to his agent, but was not sure of the date the hail caused the damage. Q: “The adjuster claims the last hail storm… Read More »
IRMI Glossary of Insurance Terms
Public liability coverages generally defend against third-party allegations of your negligent action or non-action. That is, you or another insured are alleged to have committed a civil wrong or tort. Bodily injury liability (BI) and property damage liability (PD) coverages can be purchased with either split limits – a separate limit for BI and for PD, or a combined single… Read More »
Author & Copyright: National Association of Insurance Commissioners (NAIC) Why You Need Insurance “Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance: • To protect your assets Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility… Read More »
“For federal employment tax purposes, the usual common law rules are applicable to determine whether a worker is an independent contractor or an employee. Under the common law, you must examine the relationship between the worker and the business. All evidence of the degree of control and independence in this relationship should be considered. The… Read More »
25 Risk-Conquering Ideas
Allied Premier BOP Coverage Highlights