Category: Uncategorized

Transfer of risk is a key component of most contracts. “Indemnify” and “hold harmless” are terms that are commonly seen, and often misunderstood, in contractual agreements. These agreements may be made between companies, individuals or a combination of the two. Helping clients decipher what hold harmless provisions mean and how they are used is a… Read more »

Marty has just purchased his dream home. It took him a long time to save up and get it done. Marty feels good being a homeowner – but he needs to be a responsible one. Thus, Marty does what any sensible homeowner would do – call an insurance agency. But when he does, he’s bombarded… Read more »

Retail sales in the United States went up by 6.7% in 2020 despite the ongoing public health emergency. The retail sector has had a massive shift in recent years with the growing demand for online sales. 51% of Americans now prefer online shopping over visiting physical retail stores. Owing to consumer demands, retail firms are… Read more »

By Sue Quimby, CPCU, AU, CIC, CPIW, DAE Home appliances have drastically changed how people live over the last century. They are great time savers and convenience items, as well as providing entertainment. However, these gadgets and products that are meant to make life easier are also responsible for millions of dollars in insured and… Read more »

Dan had just opened up a shop of his own. He had taken a loan from the bank to open up the shop of his dreams. But none could have predicted that the next few months spelled disaster. It came in the form of one of the most devastating snowstorms to hit Texas in recent… Read more »

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 »

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 »

The impact of the Covid-19 pandemic varied from one industry to the other. The United States, India, and Brazil are the top countries worst hit by the pandemic in terms of the total case count. But even beyond them, a majority of countries had to impose partial or complete lockdowns to contain the spread of… Read more »

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 »

Technology has enabled a significant change in work cultures and models driven by the exigencies of our times. Before the pandemic, 20% of the adults in the USA worked remotely. The number went up 71% during the pandemic. More than half of these people have said they will continue to work remotely post-pandemic if given… Read more »