Category: Uncategorized

Retail Store Insurance May Have Become A Bit More Complicated

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 »

Home Appliances – Helps or Hazards?

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 »

What Is Business Interruption Coverage?

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 »

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 »