October 17, 2016 / by KMRD Partners / General
Many of the most recognizable names in American business belong to an insurance carrier. These include State Farm, Metropolitan Life, GEICO, Travelers, The Hartford, Allstate, AFLAC, Aetna and Prudential. What do these insurance carriers do? Many of these companies are financial conglomerates, selling all manner of financial services and products to consumers. To the insured, […]
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Risk Perspectives: Where are the Thought Leaders in the Risk Insurance Industry?
April 25, 2017 / by KMRD Partners / From Kevin's Desk, Inside View / 0 comments
Risk insurance industry representatives are rarely asked to weigh in on the pressing issue of the day. Within our culture, thought leadership and the risk insurance industry are rarely intertwined – and I think I know why. Thought leaders in the risk insurance industry are sought out for their opinions and ideas. We are experts […]
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Here’s Why You Need Automobile Liability Insurance
March 8, 2017 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to an estimate released by the National Safety Council, a nonprofit safety advocacy group, roadside fatalities in 2016 reached 40,200. This was a 6% gain from 2015 and a 14% gain from 2014, impacting business automobile liability insurance rates. The Council also released these troubling findings: 47% of motorists reported they are comfortable texting while […]
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Insurance Tip – What To Look For In A Professional Liability Insurance Policy
January 3, 2017 / by KMRD Partners / General / 0 comments
A professional liability insurance policy is triggered when a firm or person fails to properly perform his or her professional duties. Because professionals are expected to have experienced technical knowledge or training in their particular area of expertise, they are also expected to perform the services for which they were hired according to standards of […]
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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 […]
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What Is the Role of the Insurance Carrier?
October 17, 2016 / by KMRD Partners / General
Many of the most recognizable names in American business belong to an insurance carrier. These include State Farm, Metropolitan Life, GEICO, Travelers, The Hartford, Allstate, AFLAC, Aetna and Prudential. What do these insurance carriers do? Many of these companies are financial conglomerates, selling all manner of financial services and products to consumers. To the insured, […]
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3 Things You Need to Know About Umbrella Insurance for Business
October 3, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Your company’s general liability policy outlines the maximum amount your insurance company will pay against a liability claim. As a result, if your business is sued for $1,250,000 for medical costs associated with an injury caused by a worksite or product hazard, but your general liability coverage caps out at $1,000,000, your business will be responsible […]
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How Liability Insurance Protects You Against Pain and Loss in Your Business
September 9, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Risk and potential loss is everywhere. What liability insurance protects you against is the potential for business ending claims – and lots of pain. It’s like a life preserver no business should be without. Liability insurance protects you against the risk of liabilities resulting from lawsuits and similar claims from third party persons or organizations attributing an injury to your business. […]
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Understanding Your Business Interruption Insurance
July 13, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
Business interruption insurance is probably one of the most valuable insurance coverages a business can secure. Also known as “business income insurance”, this type of property and casualty insurance covers income losses due to a disaster. It’s slightly different than “time element” coverage. Time element coverage refers to insurance coverages that are tied to a period […]
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Get Fleet Risk Insurance Because Motor Vehicles are Vulnerable to Hacking
July 1, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments
The FBI and U.S. National Highway Traffic Safety Administration have issued a bulletin warning that motor vehicles are “increasingly vulnerable” to hacking. The FBI warned that criminals could exploit online vehicle software updates by sending fake e-mail messages to vehicle owners wishing to obtain legitimate software updates. Recipients could be tricked into clicking links to […]
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4 Things Your General Liability Insurance Doesn’t Cover
June 8, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
We feel it is important for our clients to understand what is not covered by their general liability insurance programs so they can focus their risk management efforts in those areas first. General liability insurance protects your commercial business from 3rd party claims of injury or property damage but the following four (4) key risks are […]
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