August 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This scenario represents an actual coverage flaw in the manufacturer insurance program of a well run, profitable business. A manufacturer of specialty and fine chemicals, laboratory products, monomers, polymers, microscopy, histology, biotechnology, electronics and specialty products purchased an “Excess Products Liability Policy” to increase their depth of protection against lawsuits arising out of the sale […]
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Auto Insurance Coverage – Can your vehicle be hacked?
August 4, 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? In February, we reported researchers had warned technology supporting driverless vehicles could be hacked by criminals to override safety features. The Guardian reported FBI concerns that terrorists might try to hack into […]
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Insurance for Landscapers – No Coverage for Trees and Shrubs or Plants qualifies for KMRD HALL OF SHAME
August 3, 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 commercial landscaper utilized a carrier that aggressively targets his industry and controls a large market share of landscapers in the region. A significant risk surrounds the requirement to deliver plant and tree inventory to their jobsites prior […]
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Risks Ahead. The potential results of incomplete auto insurance coverage.
July 31, 2015 / by KMRD Partners / Insurance Coverage, Risks Ahead Series / 0 comments
You should be prepared to pay for these 10 things if you have inadequate or incompletely negotiated Auto insurance coverage: Severe damage to others involved in a major accident Hail damage Damages caused by an underinsured driver (many insured drivers only carry state minimum limits) Damage from hitting an animal Damage from hitting a parking […]
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Choosing the right carrier for network security and privacy liability
February 6, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
As targeted network attacks continue to rise and governmental agencies increasingly regulate the privacy and data security environment, an increasing number of organizations are transferring their risk to insurance products. In many cases, organizations find they have little choice. It has become common for written contracts to require service providers to obtain coverage for […]
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KMRD Partners Risk & Insurance Solutions – 2014 Year in Review
January 17, 2015 / by KMRD Partners / Announcements, Insurance Coverage / 0 comments
Dear Valued Clients, Partners and Prospects, January 2015 marked the end of one journey and the beginning of another. As we look back with gratitude on our first ten years in business, we look towards the future with energy and optimism. GROWTH – Business grew 14%! This is on top of 32% growth in 2013. […]
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Will your cyber coverage cover you when you weren’t attacked?
October 13, 2014 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 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? One minute from normal can occur even though your own network has not been breached, every company laptop is secure and no mobile devices have been left behind in a rental car. […]
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Hall of Shame – Bigger is Better…Right? Large Insurance Brokers May Not Be The Best Fit
September 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This case study represents an actual coverage flaw in an insurance program of a well run, profitable business. An established multi-national Pharmaceutical company sought the financial support of a large investment firm. As part of the deal, the firm forced the company to abandon our services for the services of a large multi-national broker, because “they […]
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Another Workers Compensation Rate Reduction in PA?
August 13, 2014 / 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? For the third year in a row, the Pennsylvania Bureau announced a rate reduction. This year, their press release described an overall statewide decrease of 5.15% scheduled to go into effect […]
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Could You Lose Your Business Due to a Flood?
August 6, 2014 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments
According to scientists, Gulf Stream water currents in the Atlantic Ocean have slowed to their weakest level in 1,000 years, threatening shifts in U.S. and European weather, as well as rising coastal sea levels including in New York and Boston. Pennsylvania is considered to be one of the most flood-prone states in the nation, with […]
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Hall of Shame – No Products Liability Coverage for Chemical Company
August 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This scenario represents an actual coverage flaw in the manufacturer insurance program of a well run, profitable business. A manufacturer of specialty and fine chemicals, laboratory products, monomers, polymers, microscopy, histology, biotechnology, electronics and specialty products purchased an “Excess Products Liability Policy” to increase their depth of protection against lawsuits arising out of the sale […]
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