Insurance companies use many factors to determine your insurance premium such as zip code, age of operators, make, model, age of your vehicle, etc. They also obtain an insurance score from one of the credit reporting companies. Information used is: payment history, outstanding debt, credit history length, pursuit of new credit, credit mix. A credit […]

There is no pandemic exclusion in the business income policy. There doesn’t need to be a “pandemic” exclusion in the business income policy. The absence of the word or an exclusion containing the word does not change the facts of coverage. Adding a “pandemic” exclusion would be deceitful. A pandemic exclusion is unnecessary and ultimately […]

Prior to the COVID-19 pandemic, the number of workplace injuries have been declining for decades.  Overall, the frequency of injuries declined 30% from 2006 to 2017, according the the Bureau of Labor Statistics.  Bad news: The total claim severity (cost per injury) has increased.

Unoccupied refers to that status where it is a temporary measure and all of the livable elements still exist (furniture, utilities still turned on, etc.). Whereas vacant refers to that state where there is no intention to return, the residence has no furniture or other means for someone to live there.