Category: Business Insurance
What is employment practices liability insurance (EPLI)?
Posted: February 21, 2012
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to...
Worker's Compensation Insurance Settlement with AIG
Posted: February 11, 2011
Just more reasons for all of us to admire AIG (not really)!!! Minnesota Department of Commerce part of $100 million settlement with AIG over misreporting of workers' compensation premiums. Minnesota's cut is more than $2 million American International Group Inc., AIG, and its workers compensation insurance affiliates have agreed to pay $100 million in fines to insurance regulators in all 50 states and the District...
What is Professional Liability/Errors & Omissions?
Posted: June 16, 2009
Errors and Omissions Insurance protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract. Coverage includes legal defense costs - no matter how baseless the allegations. Errors and Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy....
Business Insurance And Personal Exposure
Posted: December 30, 2008
If you're running a business from your home, you have no insurance coverage for a business exposure. Personal homeowner, auto or umbrella policies provide no coverage for business liability, professional liability, workers’ compensation, business auto, business equipment, and loss of business income. Some homeowner's policies have a business liability endorsement but this endorsement creates a larger problem. Most small business owners want to keep personal...
