I’m currently working with several small business owners regarding their commercial insurance needs. One of the questions each of them have asked is what commercial insurance do they need to adequately protect themselves and their businesses. The answer is it just depends on the business. Some need general liability, others need business property coverage, and a couple need professional liability or errors and omissions (E&O) coverage.
On a day in September with a clear blue sky over New York City where most people were going about their day dropping kids off at school, getting to work, and tackling the tasks on their to do lists, our lives were forever changed. American Flight 11 and United’s Flight 175 crash into the twin towers roughly 14 minutes apart. 37 minutes later …
North Texas was hit by an ice storm about two weeks ago. Rain fell and froze then built up on trees and powers lines until weight won out and lines began to snap. The storm led to power loss for over 270,000 people with no numbers reported on the impact to small businesses.
ast week we looked at the insurance lessons we could learn from the fertilizer plant explosion in West, Texas on April 17th. The explosion destroyed the plant, killed 15 people, injured 200 and damaged or destroyed 350 homes, a school, an apartment building and a nursing home. Preliminary estimates of the damage and destruction were pegged at $100 million.
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