One of the types of insurance coverage offered to businesses is business interruption coverage. This type of coverage provides protection to businesses for income losses resulting from unexpected events.A recent Allianz report outlined some global trends regarding...
Insurance Law
Many companies offering pet insurance as an employee benefit
One type of insurance that has become increasingly popular lately is pet insurance. This is insurance that covers things like medical treatment expenses for a person's pet.It is becoming more and more common for employers to offer pet insurance to their employees as...
Cybercrime is a risk for both businesses and their insurers
For most businesses, insurance is a necessary protection against situations that may occur with any business. They may suffer a fire, which damages a retail operation, a warehouse or the main office. Inventory could be lost, in addition to the cost of repair or...
Murder will out and insurance will pay
In the last few decades, we have seen the rise of marketing culture, dominated by a "Mad Men" ethos, where any product can be sold, no matter how harmful or dangerous, as long it is properly "positioned" within the market place. This line of thinking is not without...
Your business may not be covered for that
Small businesses have to deal with many types of insurance to ensure they are protected from the threats they face. They likely have a commercial general liability (CGL) policy, which provides for basic liability and property coverage. Some may have flood insurance....
Failure to inform insured of offer found to be bad faith (pt.2)
In a recent case involving a certified question to the Louisiana Supreme Court involving a bad faith insurance law claim, the Court found that an insurer has a duty of good faith and fair dealing to their customer.The case involved a claim against an insured. The...
Failure to inform insured of offer found to be bad faith (pt.1)
The Louisiana Supreme Court recently addressed two questions involving an insurer's bad faith liability to an insured in the state. The issue arose from two certified questions sent to the Court from the federal Fifth Circuit Court of Appeal. Certified questions occur...
Illegal acts or criminal acts exclusion in insurance policies
Insurance coverage is one of the necessities of modern life. Most people drive motor vehicles and can at anytime be involved in a serious collision or crash with another vehicle. Such crashes can cause catastrophic injuries or death. The cost of medical care and the...
Insurance costs vary depending on the risk
Insurance is a business designed to make money. It operates on the principal that if many purchase coverage, the insurer does not have to charge extreme rates for the coverage, because the risk is spread broadly across a wide spectrum of customers, and it is...
Don’t cut the locks when they are open
Insurance fraud may appear to many as the perfect crime. After all, the perpetrator of the fraud is often an individual, and the victim of the crime is typically a large insurance company. Some individuals may believe because an insurance company handles millions of...