Tips to Reduce Your Liability for Holiday Parties
Hosting a company holiday party? Here are some tips to reduce your liability from the Society for Human Resource Management: 1) Have an alcohol policy – and enforce it! 2)…
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A Few Thoughts on Subrogation and the Waiver Thereof
In exchange for payment of a claim under a policy of insurance, the policyholder surrenders to the Insurer the right to recover the monies paid to settle the claim from…
Read MoreDollar One Defense – What are the benefits?
DOLLAR ONE DEFENSE Dollar One Defense is a unique deductible option for certain insureds. Dollar One Defense or “First Dollar Defense” simply means that if a claim is made against you,…
Read MorePossible change to Denver, CO construction defect
Other Colorado cities have made some changes to construction defect, will Denver, CO make changes also? Click here to see the news story.
Read MoreIntegrated Project Delivery (IPD) What are the Risks?
Generally, the biggest risk to the firm is not its professional liability exposure to the owner, the “team” or third-parties but its ability to manage its cash flow. IPD forces…
Read MoreExtended Reporting Periods for Professional Liability
If a Professional Liability policy is cancelled or not renewed many carriers provide automatic Extended Reporting Periods (ERP or ‘tail’). Typically this automatic ERP period is 60 days and is…
Read MoreHow to Report a Claim – It’s Not All That Bad!
CLAIMS How to Report a Claim: Immediately call or email your agent to discuss the claim or circumstance. With your agent you will determine, based on your policy requirements, if…
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