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Recent Posts from Rick Callaway Insurance Team
Increase in the cost of construction and building code upgrades must be considered in insurance policies for residential property landlords. Is your property insured at the current rebuilding cost? A lot of residential property landlords and owners of multi-family dwellings or single family houses don’t bother to increase their insurance coverage for their properties to …
Online ordering, curbside delivery and sidewalk dining and drinking will continue to expose owners to liquor, auto, cyber related liabilities. As vaccination picks up speed, more and more people are able to physically frequent bars, brewpubs, tab-rooms, and local niche breweries, will consumers’ new habits developed during COVID for curbside pickup or deliveries continue? Most …
Restaurants, Bars, & Breweries: Pandemic Related Risks and Insurance ProtectionRead More
Commercial insurance policies such as contingency liability insurance can protect against supply-chain risks for manufacturers and suppliers. After 6 days, the giant container ship stuck in the Suez Canal was finally freed today (March 29, 2021) by the rising tide and much work by engineers and tugboats, after blocking 376 ships in both directions. According …
Insuring Against Risks in Manufacturing, Distribution, and Supply Chain disruptionsRead More
Increasing global warming-related disasters and social unrest drive rate increases in almost every category of commercial insurance in 2021. Wildfires. Hurricanes. Civil unrest. Riots. Explosions. Pandemic… Across the US, they have been wreaking havoc since 2020. The increase in losses are real, and they are systemic. The insurance industry is bearing the brunt of losses …
Commercial construction labor and material costs continue to rise. Property owners are advised to review insurance for sufficient coverage. The cost of commercial property construction has been rising due to factors such as labor shortage, increased costs for materials from trade tariffs, higher prices for land, and higher demand for new construction after devastation …
Property Owners: Time to Review Insurance Coverage due to Rising CostsRead More
We last discussed what damages ransomware can inflict, three types of ransomware, three ways of getting infected with ransomware and cyber liability insurance protection in September 2020’s blog post. Now we are discussing the pros and cons for paying a ransom, preventive measures, and again the importance of having proper cyber liability insurance coverage. Pay …
Ransomware attacks & cyber security insurance (part 2 of 2)Read More
In this Part 1, we will discuss what damages ransomware can inflict, three types of ransomware, three ways of getting infected with ransomware and cyber liability insurance protection. The next blog, as Part 2, we will discuss the pros and cons for paying ransom, preventive measures, and again the importance of having proper cyber liability …
Ransomware attacks & cyber security insurance (part 1 of 2)Read More
Running a business is challenging enough without having to worry about lawsuits, customer injuries, or property damages. General liability insurance can help cover the costs of various lawsuits including attorney’s fees, court costs and settlements in situations like the above examples. We understand that every business is unique and may need different coverage to suit …
General Liability of Commercial Insurance Coverage by the Rick Callaway TeamRead More
