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Recent Posts from Rick Callaway Insurance Team
The Rick Callaway Team at Pacific Diversified have been for over 100 years protecting you and your business property from unfortunate occurrences, often out of your control, like the following incidents that may happen at office buildings, nursing homes, restaurants, warehouses, multifamily dwellings and apartments: Burglary and Theft Burglary or theft can be caused by …
Insurance for Business Property, Multi-family dwellings, Apartments and Nursing HomesRead More
As 74 million Baby Boomers are aging, there is more demand for senior living facilities while at the same time a shortage of skilled workers caring for the seniors. The surge in claims and lawsuits against the facilities has caused some insurance companies to exit this market, which drives the rates higher and higher. For …
Many homeowners rent out in-law units, parts of their houses, investment homes, duplex, triplex or quadplex, but they only have homeowners’ insurance. This article explains about landlord insurance, homeowners insurance and renters insurance. We will address the importance of having landlord insurance to protect your investment that generates a steady stream of rental income. Homeowner …
Landlord insurance, homeowners insurance, and renters insuranceRead More
Perils that trigger Rent Loss Coverage Assuming an office building had a fire, repairing the damage requires all tenants to vacate the premises, thus no rental income for the owner of the building during the time of repairs. The owner had previously taken out an insurance policy that protects against perils such as fire, lightning, …
Insuring Against Loss of Rents for Commercial PropertiesRead More
Imagine after dutifully paying E&O, D&O insurance premiums for years, only to be denied coverage because the claim’s notice was filed after the deadline. It is a nightmare for insured as well as for the broker/agent who can be liable for errors and omissions if they had not advised their clients of their duties or …
How To Avoid Denial Of Insurance Coverage Due To Late Claim NoticeRead More
One of the nightmares for a commercial property owner or manager is sewer backup. It is hazardous and expensive since it often requires professionals to clean up. Does your standard commercial insurance policy cover this peril and other types of water damage? Endorsement and Limits Most standard commercial property policies exclude sewer backup. A separate …
200% Increase in Wage-violation Lawsuits Wage-violation lawsuits have doubled nationally in the last 10 years, with various claims such as under compensation for overtime, mixing “independent contractors” with “employees”, not withholding taxes with cash payments, etc. Restaurants’ Violations of Minimum Wage and Overtime Law Restaurant of all types of eateries are no exception. …
Wage-and-hour Violations by Restaurants and Insurance CoverageRead More
Insurable Interest is not just an ownership interest: A commercial insurance policy is tested when a loss occurs: whether a claim is rife with problems, or is verified as having an insurable interest, depends in large part on if the policy was done right in the beginning before a peril takes place, since what was …
Insurable Interest, Named Insured, Additional Insured, What, Whom, WhereRead More
