A wave of sexual harassment claims began last year from women coming forward to name the men who harassed them; Harvey Weinstein, Bill O’Reilly, Matt Lauer, and countless others. These courageous women provided the foundation giving birth to the #MeToo movement, something that should have happened a long time ago. Commercial insurance companies believe this movement may lead to a wave of employment practices liability claims.
I had a fun phone conversation last week with a social media solopreneur about business insurance. Ruby’s business has grown, the clients are getting larger, and she wanted to get a handle on the business insurance she should be considering for her growing enterprise. I believe our discussion provides a great framework for solopreneurs and small business owners contemplating their business insurance needs.
If you’re a small business owner or run a non-profit, did you know you could be sued if an employee or volunteer is involved in an accident while driving their own car or a rented vehicle on business? Unfortunately, it’s true and there is an option that may be added to your commercial insurance policy or purchased separately, if it can’t be added to your general liability insurance, to protect you in such an event. It’s referred to as hired and non-owned auto liability, or HNO liability, and it could save your bacon financially.
I had a conversation with a local Dallas home builder recently. We were discussing an upcoming project he was about to start and the builders risk insurance he needed for it. We’d already covered the project’s scope, the current value of the home, and its increased value when the renovations are completed. I then asked him about the value of materials he’d be purchasing and the delivery schedule.
Last week, I wrote a post about Dallas area homeowners receiving notices from the mortgage companies regarding their monthly mortgage payments are increasing. This is due to their home insurance rate increasing, or an increase in property taxes, or some combination of both (see https://wiseinsurancegroup.com/home-insurance-property-taxes-and-escrow-accounts/). It turns out they aren’t the only ones receiving these notes!
I received an email from one of my commercial insurance companies on Tuesday. It informed all their independent agents of an immediate moratorium on writing new policies in Baltimore, Maryland after Monday night’s rioting.
Three weeks ago, I was outlining a post for Monday’s blog when I discovered my website had been hacked. My familiar main page featuring my latest two posts along with links to pages on home, car, life, and business insurance had been replaced by someone claiming to be a jihadist and that they now held all my previous posts. There was no request for ransom, just the smug comment they’d done this to me.
When was the last time you thought about your insurance? Any kind? Most people don’t think about insurance, whether car, home, or business, except at different times including the purchase of a new car or adding a teen driver, buying a home, when a baby arrives, or when starting or growing a business. Some people may think about their insurance when it renews, and everyone thinks about it if when they have a claim.
Last fall, Dallas was set to open a horse park near the Great Trinity Forest in southeast Dallas. The opening was delayed partly due to
It’s hard to believe Thanksgiving is already here. Whether you’re trying to get somewhere to be with people, preparing for an influx of relatives, or spending a relaxing and quiet day on the couch watching football, I hope the past 12 months have been extraordinary for you too!
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