I encounter many people who run their business year in and year out without insurance and only approach the subject when it becomes a contractual obligation. While they may not be required or regulated to carry the insurance, doesn’t mean the risk isn’t present for them to be pulled into a suit for misrepresentation etc. Even BS suits (pardon […]
Now doctors say a bystander can recognize a stroke by asking three simple questions: S * Ask the individual to SMILE. T * Ask the person to TALK and SPEAK A SIMPLE SENTENCE (Coherently) (i.e. It is sunny out today) R * Ask him or her to RAISE BOTH ARMS. If he or she has […]
if you haven’t heard of the turmoil occuring in the financial sector, well – i wouldn’t look at the news today! Banks around the world are filing for bankrupcy protection after years of service (some surviving the great depression)! Adding to the market instability we have falling house prices, manufacturing companies downgrading their staff and […]
The home market has been booming over these past few years and with it, the contracts for renovations and construction has become more numerous. Insuring the businesses of a contractor is fairly straightforward. Like any business policy you start with insuring third party liability, then you insure some property. In the case of a contractor’s […]
On Monday, I commented on an advertisement in Contractor’s magazine and now I found something else to discuss: How to insure specialized equipment. I noticed a surveying machine produced by Topcon Positioning Systems and it reminded me of a policy I was working on last year. This type of equipment can be easily be improperly […]
In my Case study series, I will offer you a look at highlights of an insurance package for fictional companies in various industries. So let’s pretend that I am a contractor C’s Renovations Inc.
A contractor client of mine approached me recently to let me know that he is renting heavy equipment and that the rental company requires proof of insurance. A certificate of insurance was pretty simple to put together for him, but I wanted to dig deeper. I asked for a copy of the rental agreement because […]