July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
Read more
Community Alert Systems
September 12, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
Both Montgomery and Bucks Counties in Pennsylvania established Community Alert Systems for local residents and employees. After signing up for this system, residents and employees receive alerts and notifications on their cell phones and e-mail regarding emergencies, severe weather, road closures and crime alerts. In addition, individuals who select the Health Alerts group will be […]
Read more
Check Your Workers Compensation Loss History
September 5, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments
Workers’ Compensation policy purchases and renewals will likely cost more beginning January 1, 2013 for any firm with a poor loss history. This is because at the beginning of the year, 38 states will change the way premiums are calculated. The National Council on Compensation Insurance (NCCI) helps 38 states set their Workers’ Compensation rates. […]
Read more
Workers Compensation Rate Reduction in PA
August 10, 2012 / by KMRD Partners / 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 second year in a row, Pennsylvania’s Workers’ Compensation Rating Bureau has enacted a workers’ compensation rate reduction. The overall decrease of 4.01% went into effect April 1. Not all employers […]
Read more
Does Your Company Need E&O Liability Coverage?
July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
Read more
Errors with E&O – Part 4
June 20, 2012 / by KMRD Partners / 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? If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get perfection, we are fortunate it exists. Following the 2008 financial crisis, Robert Boatti joined […]
Read more
Errors with E&O – Part 3
June 20, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
The Holmdel Fabric Company, like Ford, Hewlett Packard and Apple, was launched in a garage. Through hard work and intelligence, the founder built the firm into an enterprise employing more than 100 workers. Holmdel held many patents, including one for a fabric which changed color with a person’s body temperature. An entrepreneur saw an opportunity […]
Read more
Errors with E&O – Part 2
June 13, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get to the level of expertise suggested, we are fortunate it exists. An international investment management company hired Do It Right Software Solutions to build a Secure Client Space. In its Scope of Work, Do It Right listed […]
Read more
Errors with E&O – Part 1 – KMRD
June 6, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
During the otherwise error free month of June we will review how professional liability insurance, also known as E&O, can help three fictitious firms be ready for one minute from normal. Let’s begin with the question: How do you know if your firm needs professional liability insurance? Traditionally, “learned professions” including legal, medical, engineering, accounting […]
Read more
Don’t make these E&O errors
May 23, 2012 / by KMRD Partners / 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? Insufficient or incorrect E&O coverage could financially ruin your firm one minute from normal. Following are a few “don’ts” regarding your E&O coverage following an incident: Don’t alter or make changes to […]
Read more
The Titanic was the mother of all disasters and everyday risk
April 18, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
Before Chernobyl, 9/11 and Fukushima Daiichi, there was the Titanic. Even after these catastrophic events, there is still the Titanic. 100 years after the “unsinkable” ship was torn apart in a collision with an iceberg, its memory is as buoyant as ever. On the 100th anniversary of the sinking of the ship, Kevin McPoyle, President […]
Read more