Insurance Coverage - KMRD Partners

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

October 9, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

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 […]

Negligent Entrustment – Auto Liability Insurance – Interlock devices save lives

October 6, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

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. […]

Hall of Shame – Fellow Employee Exclusion in the Standard Auto Policy

October 1, 2015 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments

This scenario represents an actual coverage issue in an insurance program of a well run, profitable business brought to light and altered by KMRD. The following claims scenario was troublesome to the CEO and CFO: Key manager drives an employee using a company vehicle to a client’s office for a meeting. An auto accident occurs and […]

Cyber Insurance Coverage – Beware Public Wi-Fi Risks

September 29, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

KMRD - Are You Ready For One Minute From Normal?

Features which make free public Wi-Fi hotspots desirable for honest citizens also make them appealing to hackers; namely, they require no authentication to establish a network connection. This enables hackers to obtain easy access to unsecured devices on the same network. The biggest threat to security on a public Wi-Fi network is the hacker’s ability […]

Risks Ahead. Homeowners can appeal an insurance cancellation or non-renewal to the Pennsylvania Insurance Department

September 25, 2015 / by KMRD Partners / Insurance Coverage, Risks Ahead Series / 0 comments

The Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer and avoid possible cancellation or non-renewal of their homeowners’ coverage. According to a review of consumer complaints received by the Insurance Department, some consumers have had their homeowners’ insurance cancelled or non-renewed after not taking […]

Employment Practices Liability Insurance – Five scary EPL facts

September 17, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? Virtually every firm faces an exposure to employment related claims. Following are a few data points measuring your company’s risk: More than 450 employment-related lawsuits are filed in the United States every […]

Don’t Forget To Test Your Business Continuity Plan

September 1, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

According to a recent survey of over 500 midsize business owners and C-level executives in the US, 59% had a formal, documented business continuity plan and 33% had an informal, verbal plan. 8% had no plan. Of those businesses with continuity plans, only 19% had actually tested them. (source: The Hartford) Additionally, the survey found […]

Cyber Insurance Coverage – Is a hacker riding shotgun in your company’s vehicles?

August 26, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

Today’s cars can stream music, place phone calls, navigate and much more. Essentially, they are smartphones on wheels. Just like smartphones, they can be hacked. “Software operating today’s vehicles easily have more than 100 million lines of code — more than a modern fighter jet, airliner or typical operating system such as Windows,” according to […]

Make Safety a Priority / Workers Comp / Safety 1st

August 18, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

Safety 1st – Safety programs can help your organization anticipate workplace injuries and accidents; while making safety a priority can be the first step to a safer workplace. Following are recommendations that can help lead to a safer workplace: Appoint a safety officer or committee Hold meetings with staff to share safety information and tips […]

Enterprise Risk Management – What is your total cost of risk?

August 12, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? When asked about their most pressing environmental, health and safety issues, safety professionals listed managing the total cost of risk as the top response at 72%, followed by regulatory compliance at 58%, […]

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