Full Business Insurance

Get Out and Vote!

November 2, 2009 – 3:06 pm

Today is Election Day in the U.S. and there are a number of great battles going on across the country. But, you cannot be involved unless you vote – so, get out there!

My favorite election watch today (besides Casinos for Ohio) is the New York 23rd Congressional District. There, third-party Conservative Party candidate, Doug Hoffman, after a conservative Republican revolt, is the main candidate running against the Democrat. The original Republican candidate, Assemblywoman Dede Scozzafava, has come out in support of Democrat Bill Owens and against Hoffman.

That prompted some really virulent attacks on Scozzafava by the talk show folks, including Limbaugh who stated, “we can say that she’s guilty of widespread bestiality.

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Commercial Insurance – Know The Various Types

November 2, 2009 – 2:10 pm

As companies set up operations and go about meeting their corporate objectives, their responsibility to meet employee and shareholder expectations come under the scanner. They are expected to have risk management practices in place to guard against internal or external dangers that might cause any setback to the business.

It is here that they take help of commercial insurance companies who can provide them with different services and products enabling these companies to have the necessary processes and risk management avenues in order. Read full post…

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Ways To Find The Best Motor Trade Insurance

October 31, 2009 – 1:46 am

Motor trade insurance is imperative for running your motor trade business legally. You need to select an apt motor trade insurance policy to save yourself from a crisis or financial instability. Motor trade businesses are of varied kinds, so you need to have different insurance policies that cater to the needs of all kinds of businesses. With plenty of options available today, it is easy to get confused.

You can choose from road risks policy, liability insurance, comprehensive insurance, third party insurance, third party fire and theft and combined insurance policies according to your business demands and budget allotment. Read full post…

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Judge orders insurer to indemnify JPMorgan Chase

October 30, 2009 – 6:36 pm

The litigation in JPMorgan Chase & Co. vs. Twin City Fire Insurance Co. stemmed from the investment bank’s 2005 agreement to pay $2.3 billion to settle a class action suit and other litigation brought by purchasers of bonds of Ashburn Va.-based WorldCom Inc.

WorldCom revealed in 2002 that improper accounting made the company appear profitable for years. The company filed for bankruptcy later that year and emerged in 2004 as MCI Inc. JPMorgan served as an underwriter in connection with the bonds’ issuance.

According to court papers, Twin City refused to indemnify JPMorgan for the insured portion of its losses. T

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Employment Practices Liability Insurance – Because Law Suits Happen

October 30, 2009 – 2:19 pm

Unless you’ve been doing business in an alternate universe, you will not be shocked to know that disgruntled employees like to get even and their favorite tactic is a law suit. Assuming your company is located here in reality land, you’re going to need employment practices liability insurance (EPLI for short)…like the minute you hire your first employee.

The number of law suits filed against employers just keeps going up. No matter that you shoulder the risk, put in a 60-hour work week and haven’t drawn an actual paycheck in months so you can meet payroll. If you’re a business owner, you might as well have a sign on your back that says “sue me.”

And they will. For sexual ha

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The Resilient Coasts Blueprint

October 29, 2009 – 10:19 pm

A Coastal Risk Symposium, hosted by the Travelers Institute takes place today at the Maritime Center in Charleston, S.C. with the purpose to “bring together business, government and community leaders to identify strategies and solutions to protect and insure the coastal region.”

Part of the discussion will focus on the Resilient Coasts Blueprint prepared by the Heinz Center and Ceres. The Blueprint concisely states a proposed strategy to address risks posed by coastal development and the commercial insurance costs associated with such risks. It proposes cost effective and common sense solutions to mitigate risks and losses.

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