What is reinsurance and how does it affect my dealership’s insurance policies?
Reinsurance is a term that many insurance buyers have heard but few really understand. Understanding this concept – how it works and why it can affect your dealership’s coverage and premium – is critical. Treaty Reinsurance: The first type of...
Auto Dealers Webinar: Negligent Entrustment
Negligent Entrustment Automobile accidents are a growing and expensive liability for dealerships, mainly due to distracted driving and a legal concept called negligent entrustment. Many garage liability policies do not offer coverage for incidents of negligent...
Foreclosing on a Condo/HOA Member’s Property
Recovering delinquent fees and assessments from members of a condominium or homeowners association (HOA) can be a headache for the HOA’s board. Each homeowner shares a piece of the association’s operating costs; when they fail to pay their fees, it prevents the HOA...
Keeping Reserves for Your HOA
How much money does your condo or homeowners association (HOA) have in its reserve fund? If you’re puzzled by this question, your HOA could be in for an unpleasant surprise when a major repair—such as replacing the roof—is needed and your association doesn’t have the...
DOL Expands Heat Measures, OSHA Standard Development Underway
From 2011-2019 an average of 38 people per year died of heat related illnesses and for others affected by heat illness, an average of 2,700 days away from work were required to overcome the affects. On Sept. 20, 2021, The US Department of Labor (DOL) announced...