June 7, 2011 / 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? With flowers blooming, birds chirping and hamburgers sizzling on the grill, what is there not to like about June? If you work for FEMA or the American Red Cross, or live in […]
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Hall of Shame – Sprinkler Warranty on the Policy of an Insurance Agent’s Tenant?
August 4, 2014 / 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 tenant occupying a 5,000 square foot office suite in a 100,000 square foot 3-story building purchased an insurance policy including the following requirement: What did the “Schedule above” obligate this small tenant to maintain?… The sprinkler system was […]
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Hall of Shame – No Coverage for Waterborne Equipment
July 27, 2014 / 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. An agent sold the standard form to a company using their equipment on, around and even within bodies of water. Here is an excerpt from the policy removing coverage: The agent and the underwriter intended to cover the […]
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Are You Ready for Hurricane Storm Surge Risks?
July 6, 2014 / 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? More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge, according to a report released by property analytics and data provider Core Logic. The […]
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Fire On the Boardwalk – Why business interruption coverage is a crucial element of a comprehensive risk management plan
September 18, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments
It seemed inconceivable New Jersey’s Seaside Heights would be one minute from normal for a second time in two years. Yet, that is exactly what happened when wind-blown fire destroyed six blocks of boardwalk and nearly 50 businesses. Since fire is covered by a standard commercial insurance policy, businesses with adequate coverage will be compensated […]
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Is Your Insurance Coverage Keeping Pace?
November 1, 2011 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments
Insurance Journal recently cited a report indicating, “Commodity price volatility and the rising cost of raw materials such as steel are fueling a rise in rebuilding costs for plants and facilities, particularly for companies operating in the energy sector.” The report went on to warn this imbalance could potentially have disastrous consequences for companies that […]
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Disaster Recovery – Your help is needed
June 7, 2011 / 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? With flowers blooming, birds chirping and hamburgers sizzling on the grill, what is there not to like about June? If you work for FEMA or the American Red Cross, or live in […]
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