Insights

Keeping you up to date on industry trends so you maintain your competitive edge and provide timely, accurate coverages for your clients.

5 Reasons Pollution and Environmental Claims are Rising

5 Reasons Pollution and Environmental Claims are Rising

Environmental insurance (also known as Pollution insurance) provides coverage for loss or damages resulting from the unexpected release of pollutants, including claims for bodily injury, property damage, cleanup costs, and business interruption. It's important to know that standard General Liability and Property insurance policies exclude most losses connected to pollution. Unfortunately, many...

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Owner-Operators and Transportation Insurance

Owner-Operators and Transportation Insurance

Owner-operators in the transportation industry must carry the proper insurance coverage for the types of jobs they take on, particularly because the brokers and motor carriers they work with often pass the burden of maintaining proper insurance off to them directly. Insurance agents are such a valuable resource to owner-operator transportation...

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A Closer Look at Punitive Damages

A Closer Look at Punitive Damages

Depending on what part of the country your clients live and work in, most states allow punitive damage insurance coverage. The issue of whether or not to insure punitive damages has been the source of some confusion and frustration. But before more confusion is added to the conversation, it’s best to get a better look at what punitive damages are...

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How to Avoid an Errors & Omissions Claim Amid COVID-19

How to Avoid an Errors & Omissions Claim Amid COVID-19

Insurance agents across the country are being inundated with coverage questions as a result of the COVID-19 virus. As the governing authorities tighten restrictions on large gatherings, questions are rolling in about special events coverage. As restaurant businesses shift towards delivery services, questions are coming in regarding Hired and...

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COVID-19 Dramatically Increasing the Work From Home Population – Now What?

COVID-19 Dramatically Increasing the Work From Home Population – Now What?

As the coronavirus disease 2019 (COVID-19) outbreak continues to spread at a rapid pace, Risk Innovations has received an increased number of inquiries regarding work-related COVID-19 claims. Coverage varies with Workers’ Compensation statutes from state-to-state, so all cases reported are evaluated by our carrier partners directly based on the...

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Why Workers’ Compensation COI Programs are Essential for Construction Clients

Why Workers’ Compensation COI Programs are Essential for Construction Clients

Certificates of Insurance programs are the cornerstone of Workers’ Compensation protection in the construction business. A Certificate of Insurance (COI) is a form that provides proof of an active Workers’ Compensation policy. The document specifies a variety of details such as the policy holder, insurance provider, and the dates of active...

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All About Social Engineering Claims

All About Social Engineering Claims

Social engineering is a quickly rising risk in the cyber community that is causing major financial issues. This cyber risk is executed by tricking employees of a company into transferring funds to a fraudulent scammer on the other end. The fraudster will send out an email to a victim who believes the email is from a legitimate sender, such as an...

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Why It’s Essential for Your Clients to Have Cyber Liability Insurance

Why It’s Essential for Your Clients to Have Cyber Liability Insurance

The need for Cyber Liability coverage isn’t limited to Fortune 500 and Global 2000 enterprises. Losses from data breaches and other cyber events impact businesses of all sizes across all industries, so it’s important to educate your clients on the ways Cyber Liability insurance protects them and covers their potential exposure. Your client may...

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What Is Garage Liability Insurance?

What Is Garage Liability Insurance?

Does your client’s business handle customers’ vehicles – e.g., repair shops, auto dealerships, service stations, etc.?   Garage Liability insurance is a combination of General Liability and Auto Liability. It protects against potential liabilities for businesses in the automotive space including premises liability, auto liability, accidents...

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Professional Liability Insurance Coverage: Notable Exclusions

Professional Liability Insurance Coverage: Notable Exclusions

Professional liability insurance helps protect professionals and their companies against claims related to services offered. These claims typically point to negligence or errors and omissions in advice or services that ended up creating problems for the client, especially if it manifests in financial harm. To protect against these claims and...

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JenCap Holdings to Acquire Aran Insurance Services Group

JenCap Holdings to Acquire Aran Insurance Services Group

JenCap Holdings (JenCap), a specialty insurance business, announced today that it has agreed to acquire privately-held Aran Insurance Services Group (Aran), a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. Founded in 2009, Aran has been led by Tim Kenny and John LaCava who have built one of the leading program administration insurance platforms in the country.

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Your Home Is More Than Brick and Mortar

Your Home Is More Than Brick and Mortar

A home is so much more than the bricks, mortar, and lumber used to build it, especially for your high net worth clients. It's full of memories, private collections, and cherished belongings--and your client’s personality and interests are reflected in every exquisite detail. If your client experiences a claim, they want more than a check from the...

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Don’t Get Railroaded on Your FELA Claim

Don’t Get Railroaded on Your FELA Claim

Almost all private employees in the United States can collect workers’ compensation if they are injured on the job. Railroad employees are the exception to the rule, as they must file for damages through The Federal Employers Liability Act (FELA). FELA was created in 1908 when railroad use was expanding rapidly in the United States. The industry...

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Why Auto Dealers Should Have False Pretense Coverage

Why Auto Dealers Should Have False Pretense Coverage

In the auto insurance world, the focus is rightfully put on the car buyer obtaining coverage to keep their new or new-to-them vehicle safe. But another portion of auto-related insurance that needs to be stressed is the important role that garage insurance plays in covering losses and incidents that can take place on sales lots. This is where a...

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What Kind of Insurance Should Food Delivery Drivers Have?

What Kind of Insurance Should Food Delivery Drivers Have?

It’s no secret that we as a society, especially as consumers, are glued to our phones. In fact, a recent survey of 2,000 Americans showed that we check our phones on average 80 times a day, with some checking their phones up to 300 times a day. You may be checking your phone while you read this. With this in mind, new mobile-based companies have...

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What is a Waiver of Subrogation and When Should It Be Used?

What is a Waiver of Subrogation and When Should It Be Used?

As for any and all contracts that need to be signed for professional services, everyone involved should understand the consequences of each clause. While this may sound like basic common sense, there are some people or companies that skip this step, taking for granted its straightforwardness. Your clients should be made aware of the waiver of...

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3 Common Risks Construction Professionals Face

3 Common Risks Construction Professionals Face

Contractors, construction workers and other professionals in this sector are no strangers to environmental, seasonal, and physical risks. The same liberties and perks that attract many people to this industry, including winters off and being free of the confines of an office, pose some significant risks. In this article, we’ll cover the most...

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Why Bars and Nightclubs Need Liquor Liability Insurance

Why Bars and Nightclubs Need Liquor Liability Insurance

Selling alcohol is a lucrative part of many business operations, but they must protect themselves from the associated risk. When people are under the influence of alcohol, their behavior is often unpredictable. Let us explore the need for a Liquor Liability Insurance policy and what it covers. Who should carry a Liquor Liability policy? Any...

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