Insurance rates are rising rapidly for contractors, particularly for builder’s risk and excess liability policies as the cost of claims continues to increase dramatically. While rates for builders’ risk have been averaging 10 to 20%, pricing for excess liability and umbrella coverage have in some cases doubled from the year prior. Both lines of insurance […]
Some of the riskiest locations for roadway collisions are work zones, as they often result in changes in traffic patterns and right of way, along with workers present and large commercial vehicles on the scene. Work zones are designed to improve the safety of workers who are enhancing or repairing roads, freeways, bridges, sewage and […]
Staying visible to other drivers is among your biggest challenges when riding—which means it should be among your top priorities. First, you need to understand why the average driver struggles to see you in traffic: Size: Because of its comparatively small size, your motorcycle can appear farther away than it is. Visibility: You can easily […]
As we have become more dependent on smartphones and computers to make many parts of our lives easier and more convenient, this connectivity and technology comes at a cost in terms of potential risks and liabilities. We are more vulnerable to having our personal data being hacked, our identities stolen, our computer frozen and our […]
There are some 63 million dogs in the U.S. and while they make for great companions and help keep our homes safe from intruders, they can also be a significant liability. About 4.5 million people suffer dog bites every year, according to the Centers for Disease Control and Prevention. Of that number, about 885,000 need […]
Every year, millions of Americans safely enjoy outdoor barbecues, but accidents do happen. According to the U.S. Fire Administration, fire departments respond to an estimated average of 10,600 home structure and outdoor fires involving grills per year. These fires cause an average of 10 deaths, 160 injuries and $149 million in direct property damage annually. […]
While most people are understandably concerned about insuring their homes against fire loss, that risk is not what causes the most losses for homeowners. Water damage is a more common threat that accounts for more claims than fire damage. Statistics show that one out of every five homes will experience some kind of water damage […]
In auto insurance there are two main areas of covered physical damage losses: collision damage losses and losses other than collision. These two categories are often referred to as collision coverage and comprehensive coverage. What is comprehensive coverage? Comprehensive car insurance is auto insurance that covers loss to the insured’s vehicle caused by an object, […]
The novel coronavirus pandemic has made many of us work from home, wear masks in public and keep physically distant from others. A recent government study also indicates that it has made us worse drivers. While Americans drove less after the pandemic was declared, they were more dangerous when they did drive, according to the […]
Nobody’s perfect. That’s why should obtain a liability insurance: so, you avoid financial ruin if you accidentally cause major injuries or property damage to others. Problem is, your insurance isn’t perfect, either. That’s where an umbrella insurance policy comes in. What is umbrella insurance? Think of umbrella insurance as a safe way to cover your […]
