When purchasing coverage for their home, too many policyholders often make the mistake of simply insuring it for the resale value. However, should a flood, storm or other event occur, they may find that the cost to rebuild far exceeds the original purchase price. This discrepancy can occur for a variety of reasons, including inflated construction costs following catastrophic events that impact multiple homes in a particular area.

To truly protect themselves, extended replacement coverage is essential. This form of coverage provides a benefit over and above the policy limits for replacing a damaged house.…

Consider the following scenario. You have had an employee injured on a job site and your HR policy indicates that you need to have that employee drug tested. You think nothing of it because it’s standard practice, however, what if the employee fails the drug test? Your HR policy states that there are now grounds for termination. In compliance with your stated policies, you fire the injured employee. But have you thought about how the Workers Compensation responds?

This is a very challenging topic that many employers have been faced with, and a topic I have recently helped one of my clients navigate.…

We are often asked about the need for professional liability coverage when we’re conducting our business assessment with general contractors and design-build firms. Our answer usually surprises even the most sophisticated firms. Though design services may or may not be specifically excluded in General Liability (GL) policies, the amount of coverage and support offered is very limited at best. These limitations create a coverage gap for firms that are involved in project design because of the specific damages they are designed to cover; bodily injury or property damage.…