Aon launches Piracy Insurance to fill Loss of Earnings gap

Global risk and insurance firm Aon has launched a new insurance policy for charterers, shipowners and cargo owners to cover loss of earnings from a ship being detained by pirates. There have been over 50 reported attacks off the coast of Somalia, with 32 vessels hijacked, in the first eight months of 2008. The average [...]

The Importance of Good Records

The Importance of Good Records With all the legal and tax obligations required of entrepreneur’s, it’s imperative to keep careful records. A good record keeping system will help you keep your business growing, help you prepare important financial statements, and help you satisfy local, state, and federal business reporting requirements. Safekeeping your own records of [...]

Contractors Could Save Fortunes in Insurance by Joining Forces With Each Other

Smart and wealthy building contractors are the ones who associate with winners in their specialties, for good reason. They’ve come to realize they will never live long enough to learn all they need to know by themselves. They see the value of sharing information and comparing notes. They skip long, expensive learning curves suffered by [...]

How To Negotiate With Commercial Insurance Brokers – Take Control Of Broker Sales Interviews

Traditionally, as your insurance policy expiration date approaches, your insurance broker(s) will want to schedule sales interviews with you to deliver their quotations. Of course, some may also try the “asleep at the wheel method” of renewal to see if they can get away with it, which is to simply mail you a renewal billing [...]

Product Liability or Professional Indemnity ~ Which is Best for You?

In her article ‘Product Liability vs Professional Indemnity Which is Better for You?’ Maria Dawson sets out: “One of the areas of greatest confusion is the difference between Professional Indemnity, General Liability and Product Liability Insurance. Professional Indemnity Insurance provides coverage for professionals (corporate or individual) for any negligent act, error or omission alleged to [...]