Archive for December, 2011

Business Insurance After 9/11

Written by Marlo on Thursday, December 15th, 2011 in Small Business.

The terrorist attacks on the United States on September 11, 2001 resulted in one of the largest insurance losses in history. Reports differ. Some sources state that Hurricane Katrina caused greater losses, others find 9/11 to represent the most catastrophic insurance loss. All agree that losses exceeded $ 32 billion at a time when it was estimated worldwide insurance reserves were approximately $ 300 billion.

The loss involved property insurance, workers’ compensation, liability insurance, airline insurance, and many other facets of the insurance market. And today’s business insurance market was changed forever on that day.

What are the Most Dangerous Jobs?

Written by Marlo on Wednesday, December 14th, 2011 in Small Business.

What are the most dangerous jobs in the United States?

Would you believe fishing? Is it more dangerous to be a law enforcement officer or a sanitation worker?

The Bureau of Labor Statistics, part of the U.S. Department of Labor, has created a summary of workplace fatalities for 2010. I have listed the top ten with some analysis.

About.com Business Insurance

Looking at Additional Insured Status

Written by Marlo on Wednesday, December 14th, 2011 in Small Business.

Not a very exciting title for a post.

There are two times when a business cheifly interacts with its insurance company:

  1. At the start of the policy and during the application process when the business is purchasing the policy; and,
  2. When the company, through its operations, must add another entity to its policy as an additional insured.

Where to Find Premium Savings?

Written by Marlo on Tuesday, December 13th, 2011 in Small Business.

As we get to the end of 2011 it is time to start looking at ways to save business insurance premium dollars in 2012. I though about this after I finished an article on premium savings for green business practices. There are a great number of ways a business can save on premium expense.

  1. First, safety. Like it or not, the best way to reduce premium costs is by having safe employees and safe business practices and consistently applying those standards.
  2. Your business can review its coverage and existing policies.

Is Your Business Covered if a Satellite Hits?

Written by Marlo on Tuesday, December 13th, 2011 in Small Business.

Sometimes I get the best e-mails in this gig! Today was one of those days.

This weekend a German x-ray telescope satellite, ROSAT, is predicted to fall to the Earth. It is reported that large portions of the satellite will survive reentry and strike the Earth. Some reports state that pieces as large as 250 lbs. could strike the ground.

This morning, the helpful folk at the Insurance Information Instituteissued a media release entitled, “REPORTERS WITH QUESTIONS REGARDING INSURANCE COVERAGE FOR FALLING SATELLITES CAN CONTACT THE I.I.I.” Admittedly, at the time I got the release, I was not aware of ROSAT’s impending doom. So, I thought the release a bit…odd.



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