General Liability - KMRD Partners

Does a Manufacturer Need Employment Practices Liability Insurance?

September 22, 2019 / by KMRD Partners / Blog, From Kevin's Desk, Inside View / 0 comments

The U.S. Equal Employment Opportunity Commission received 84,254 discriminatory employment-practices complaints last year. In addition to lawsuits filed by private citizens, claims filed by federal, state and city regulators are causing more businesses to purchase employment practices liability insurance, known by the shorthand EPLI. Employment practices liability insurance protects an employer from an employee’s claim […]

5 Steps To Choose The Best General Liability Insurance For Your Small Business

March 27, 2019 / by KMRD Partners / Blog, From Greg's Desk, Insurance Coverage / 0 comments

The best general liability insurance policies are designed to protect your assets by paying for obligations incurred if someone gets hurt on the property, by your product or when anyone employed by the business causes property damage or injury. They also cover legal defense costs and any settlement or award if the small business is […]

A Guide to 6 Types of Insurance for Nonprofit Organizations

December 12, 2018 / by KMRD Partners / Blog, General / 0 comments

More than 2 million people each year find fulfillment and purpose by filling board seats in 1.6 million US nonprofit organizations. However, these individuals who are so generous with their time and talent often unwittingly assume significant risk: 63% of nonprofit organizations reported a Directors & Officers (D&O) Liability claim in the past 10 years […]

Cybersecurity Starts In The Workplace; Here’s How to Reduce The Risk

October 24, 2018 / by KMRD Partners / Blog, From Jenean's Desk, Risk Control / 0 comments

According to research sponsored by International Data Corporation (IDC), businesses worldwide will spend more than $100 billion on cybersecurity software, services and hardware in 2020. Of this amount, IDC estimates one-third will be spent by businesses in the United States. To a certain degree, fear is driving this financial commitment. No management team wishes to […]

Cyber Liability Insurance: Four Ways to Safeguard Your Small Business

May 2, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments

Since big companies such as Target, with nearly 2,000 stores in the U.S., and Equifax, with more than $3 billion annual revenue, are targeted by cybercriminals, one might think small businesses would not need cyber liability insurance. This could not be farther from the truth. Unfortunately, small businesses also are targeted with depressing frequency. According […]

Eliminate Workplace Hazards: Five Steps Every Business Should Take

April 15, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments

Most risk and insurance professionals know how to recognize and eliminate workplace hazards. As in most things, an ounce of prevention is worth a pound of cure. Five Steps to Eliminate Workplace Hazards Step 1 – Know a real hazard when you see one Before you can identify and eliminate workplace hazards it’s important to recognize the difference […]

Picking the Best General Liability Policy for Your Business

March 12, 2018 / by KMRD Partners / / 0 comments

The best general liability policy protects your business assets by transferring risk from your organization to an insurance underwriter. The underwriter will pay for obligations incurred if someone gets hurt on your property, by your product or when anyone employed by your business causes property damage or injury. General liability insurance also covers legal defense […]

7 Steps to a Better Claims Management System for Your Business

October 12, 2017 / by KMRD Partners / Blog, From Jenean's Desk / 0 comments

Involve your insurance broker in the management of your insurance claims. Why? Because better claims management will maximize your return on your insurance investment and minimize the impact of poorly managed claims and poorly negotiated settlements on your insurance pricing. Insurance claims can be complicated, time consuming and financially burdensome. Most executives lack the time, experience and […]

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 […]

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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