Insurance Coverage - KMRD Partners

10 Situations When You Need Pollution Liability Insurance

June 14, 2017 / by KMRD Partners / From Brian's Desk, Insurance Coverage / 0 comments

Oil and chemical companies understand the need for pollution liability insurance coverage. But they aren’t the only ones with potential exposure to pollution-related incidents. In fact, many other types of companies have uninsured pollution exposures. And it’s possible there are literally thousands of companies exposed and unaware of the financial risk they currently face. We can’t know for sure […]

WannaCry Ransomware: Everything You Need to Know

May 16, 2017 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

Risks in a business from data breaches and other malicious cyber acts just keep on growing. Due to potential limitations of standard liability coverage when dealing with the evolving cyber environment, forward thinking organizations are transferring their risk to cyber insurance products. While WannaCry ransomware cyber-attacks have slowed since being initiated on Friday, vigilance remains the […]

5 Top Risks In A Business; Cyber Is A Big One

March 7, 2017 / by KMRD Partners / General, Insurance Coverage, Risk Control / 0 comments

While risks in a business can range in size and potential impact, many can lead to serious financial consequences. There are many risks in a business. Below are five that can do the most damage: Flooding Pennsylvanians can be grateful for many things, including a great abundance of scenic rivers and streams. In fact, Pennsylvania […]

What To Look For When Purchasing Insurance For Your Business

November 7, 2016 / by KMRD Partners / Insurance Coverage

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 […]

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

December 10, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

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 […]

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

December 4, 2015 / by KMRD Partners / Insurance Coverage, Risks Ahead Series / 0 comments

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 […]

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

December 2, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

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 […]

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

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

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 […]

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

November 10, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

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 […]

Fitness Exclusion on Fitness Center Insurance Program

October 27, 2015 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments

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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