Business Interruption - KMRD Partners

Public Company Governance Best Practices Lowers Risk and Increases Results

June 9, 2024 / by KMRD Partners / Blog, From Bob Dietzel's Desk, General

Governance practices for a public company are crucial to ensuring transparency, accountability, and long-term success. Here are some key practices, accompanied by some relevant statistics: 1. Strong Board Composition and Structure Diversity: Boards with diverse members in terms of gender, ethnicity, and skills tend to perform better. Companies with diverse boards see a 15% higher […]

KMRD’s COVID-19 Response

March 16, 2020 / by KMRD Partners / Announcements / 0 comments

To KMRD friends and family, As events out of control are swirling around us, we are prepared to support you no matter what potential restrictions and limitations are imposed on us or on our community. We are finishing our preparations today in the event we are forced to limit access to our offices. Those preparations […]

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 […]

Have you been re-mapped to a flood zone?

April 19, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments

Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert earlier this month by which Pennsylvania homeowners can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase flood insurance. Commissioner Miller said FEMA recently re-mapped most of the country using 100-year flood projections, resulting in […]

Risks Ahead. Property Damage Due to Extreme Weather

April 8, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments

According to the National Oceanic and Atmospheric Administration, 2015 was the second hottest year on record in the 48 states. 10 extreme weather and climate events together accounted for over $10 billion in property damages. 2015 was also the 19th straight year the annual average temperature exceeded the 20th century average. 2016 could be even […]

New Flood Insurance Tool Available in Pennsylvania

March 30, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments

With April showers on the way, it is worth noting although flood and sewer back-up is excluded under most standard commercial property policies, both coverages can be added by endorsement. Depending upon the flood zone identified on the property, coverage is available on a primary basis through a number of carriers. In instances where property […]

Are you prepared for a business interruption?

January 27, 2016 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments

Blizzards that struck the U.S. East Coast over the weekend are likely to result in “multi-billion” dollar economic losses in one of the worst storms in the region in over a century, as reported by Reuters. This is just another reminder, like Hurricane Sandy in 2012, regarding the importance of having the right insurance in […]

Winter Risks Ahead. Winter begins in two weeks, and with it come these risks

December 10, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments

From 1994 – 2013 insured winter storm catastrophe losses totaled more than $1 billion a year on average. Approximately 23% of vehicle crashes each year – nearly 1,312,000 – are weather related. 17% occur during snow or sleet. Water damage and freezing account for almost 22% of homeowners insurance claims, with an average of $4,024 […]

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 […]

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 […]

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