Category: Uncategorized

Equipment Breakdown – Not Just Boilers

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Equipment breakdown coverage, an often misunderstood coverage, can be an attractive complement to a company’s product line. Historically, coverage was marketed as “boiler and machinery.” A common misconception is that a risk has to have a boiler for the coverage to apply. Boiler and machinery coverage was… Read more »

Insurance Questions for A Long Hot Summer

Summer can be so much fun – but it can be risky business too! Along with the heat, this season brings myriad activities and purchases that ought to have their protection. But they don’t – so you’re going to have to figure that part out. Luckily, there’s this post to guide you on some risks,… Read more »

Dog Bite Liability

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Dog bites or dog-related costs were responsible for more than one-third of all homeowners liability dollars paid out in claims, or over $530,000,000. (www.iii.org) According to the American Pet Products Association, there are more than 56 million households with over 83 million dogs in the United States…. Read more »

Deciphering Debris Removal Coverage

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Debris removal coverage is an often overlooked, but very important, segment of a comprehensive property insurance program. Property insurance is intended to help the insured rebuild to the same circumstances they were in before the loss. However, before one can even think of rebuilding, there is a… Read more »

Condominium Conundrums

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Condominiums present special challenges to the insurance agent. Common questions for the agent include: Doesn’t the association cover the building items? What coverage do I need? The answers depend on how much of the “building” items the owner is responsible for. Insurance responsibilities vary depending on each… Read more »

Business Income Fundamentals

What Every Insurance Professional Needs to Know and Share with Policyholders By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Business income coverage is one of the least understood insurance coverages, but it is also one of the most important. Business income coverage can mean the difference between staying in operation or going out of business…. Read more »

Avoiding Underinsurance Problems

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Most losses are partial losses. It may be tempting for an insured to try to control costs and only buy enough coverage to pay for the loss they think they could have. This practice could backfire in the event of a loss. The professional insurance agent knows… Read more »

What Is A Micro Business (And Does It Need Insurance)?

The most common way to define a micro business is through the number of employees in the organization. A business with 1 to 9 employees is usually termed as a micro business. Size and scale are also factors used to define micro-businesses. Companies that function as sole proprietorships and earn annual revenue less than $250,000… Read more »