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Landlords need to protect their property similarly to any other homeowner or renter. No matter what type of residential properties landlords provide for rent, (e.g. condominiums, apartment complexes, etc.) there are inherent risks for those individuals. Tenants can potentially damage property and steal belongings, among other concerns. Rental properties can also sustain damages due to natural disasters. Fortunately, habitational insurance coverage is specifically designed to protect landlords and tenants against these types of incidents.

A product recall is a request by a manufacturer to suppliers to return a product that is defective or has an unidentified risk of injury or illness that was not originally realized by the manufacturer. A recall allows the manufacturer to make adjustments to the product(s) to ensure optimal safety and product effectiveness. Product recalls are expensive and can cripple a business without proper insurance. Product recall insurance provides protection from the high costs associated with product recalls.

Product recalls are an unfortunate reality of operating a business that is reliant upon the manufacturing of products. Some businesses may overlook the possibility of product failure to meet government standards or other issues which may result in devastating recall costs that have the capability of financially ruin. Product recall insurance mitigates the risks associated with product recalls.

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that establishes minimum standards intended to protect private sector employees who work for companies that provide retirement plans and other benefits (unemployment, scholarship funds, prepaid legal services, etc.).

If your organization is a provider of employee benefits such as health insurance, you know that corporate governance rules and other similar laws and regulations update regularly. Consequently, employee benefit plans are increasingly subject to these regulations. Failure to abide by these laws and/or to properly manage benefit plans may lead to severe consequences. Therefore, it is important for companies to acquire a unique form of protection: fiduciary liability insurance.

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law designed to protect workers who are relying on health insurance, retirement plans and other benefits that their employers have promised them. ERISA establishes standards for how employee benefits should be managed and offers workers a remedy should their benefits be mismanaged. This law also grants participants the right to sue their employers for breach of fiduciary duty and guarantees payment of certain benefits via a federal program called the Pension Benefit Guaranty Corporation (PBGC). So, who is subject to ERISA?

Every business will always gain an advantage from acquiring basic protection against certain risks and liabilities, regardless of the industry it belongs to. This is particularly true for companies that provide employee benefits such as health insurance, disability insurance, and 401(k) and retirement plans. Though these benefits enable employees to devise a long-term strategy for their financial and personal well-being, they can create a risk, if not handled properly, to the employer. Fortunately, there exists a form of insurance designed to shield businesses from claims related to benefits: employee benefits liability insurance. Here is a close look at this type of protection.

Owning and operating a business can be an exciting endeavor, although it can also come with significant challenges and risks. Your company’s leaders, including human resources executives, can commit administrative and communication errors and omissions that may negatively impact your employees and their benefit plans. Fortunately, there exists a type of insurance designed to protect organizations from the fallout of these mistakes: employee benefits liability insurance. Here is a close look at this form of insurance.

Data breaches and other types of cyber attacks remain extremely common in the United States today. According to the Identity Theft Resource Center, companies sustained 571 breaches in 2018 and more than 415 million records became exposed as a result. The ITRC’s study also found that 46% of such incidents were business breaches. As evidenced, it is important for businesses to protect themselves from these attacks. Fortunately, an effective form of protection against breaches exists: cyber liability insurance. So, what exactly does cyber liability insurance cover?

Pollution liability insurance is designed to protect policyholders against claims from third-party entities of property damage and bodily injuries that are caused by toxic waste that is released while an organization conducts routine operations. If you own or lead a company that emits hazardous materials throughout its daily business operations, you may benefit from pollution liability insurance. This includes companies in the oil, construction, excavation and agribusiness industries.