What To Look For When Purchasing Insurance For Your Business

Insurance For Your Business

Organizations rely upon business insurance to protect them from the risks and potential threats to their successful and continued operation. Below, we have listed and explain eight common types of insurance for your business. A licensed, reputable broker like KMRD Partners can help you choose the right insurances for your business by determining which coverages meet […]

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Flood Insurance – Could your business be washed away by a flood or sewer back-up?

Flood Risks

Pennsylvania is considered to be one of the most flood-prone states in the nation, with approximately 83,000 miles of river and streams and nearly 2,400 local governments enrolled in the National Flood Insurance Program (NFIP). Although flood and sewer back-up is excluded under most standard commercial property policies, sewer back up can be added as […]

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Risks Ahead. Did you know? The following key risks are not typically covered by a General Liability Policy?

Employment Practices Liability Insurance

Financial injury resulting from actual or alleged misrepresentation, mismanagement, or lack of oversight by a company’s directors and officers. Employment-related discrimination, harassment or retaliation. Breach of fiduciary duty imposed by ERISA for an employee benefit fiduciary liability claim. Financial injury that may be insured by professional liability or product or service E&O liability policies. First-party […]

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Contingent Business Interruption Insurance – Are you protected from third party disruptions?

If you answer yes to any of the following questions, your company needs Contingent Business Interruption Insurance. Do any of your company’s operations heavily rely on a single or select group of third party providers of goods or services? Would a long-term computer outage disrupt your company’s ability to maintain normal business operations? Would losing […]

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Business Auto Insurance Policy – Don’t Be Sideswiped By Negligent Entrustment

What if an unscheduled event suddenly seizes control of your business? Are you ready? With hazardous driving conditions about to return, it becomes even more important to examine the theory supporting negligent entrustment. The law maintains a company has a legal duty to investigate the driving records and qualifications of all potential drivers and take […]

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Weather Insurance – don’t get snowed in by excess costs

According to the Farmer’s Almanac, we can expect a stormy winter with a significant amount of snow in the tri-state region. The Almanac is “red-flagging” the second week of January and the second week of February for possible heavy winter weather with a long, drawn out spell of stormy weather extending through the first half […]

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Fitness Exclusion on Fitness Center Insurance Program

This scenario represents an actual coverage flaw in an insurance program of a well-run, profitable business. A popular fitness center’s General Liability policy included the following endorsement. Isn’t it obvious?! Hire the insurance professional with a proven system to make sure every detail of the policy is reviewed and negotiated to meet the needs and concerns of your management team. […]

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Flood Insurance – South Carolina’s flooding reinforces the importance of planning

Although Hurricane Joaquin bypassed land, another storm provided enough tropical for  what South Carolina officials have called a 1 in 1,000 year storm. More than 18 inches of rain in roughly 24 hours fell in the state, leading to severe flooding. Charleston got nearly one foot of rain on Saturday.  It has been estimated 11 […]

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Negligent Entrustment – Auto Liability Insurance – Interlock devices save lives

Auto Accident About to Happen

According to Pennsylvania State Statute 75 §3805(a), all autos owned by DUI offenders may for a first offense and must for a second offense be equipped with ignition interlock devices for at least 1 year following license reinstatement. In New Jersey, a first time offender with a BAC greater than 0.15 must install an ignition interlock device. […]

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