The news recently broke that the vessel, the Ever Given, blocking the Suez Canal for nearly a week has been freed and that the canal should be open again soon. This raises important questions for blue water and brown water insurance claims. When determining what the proper limits should be to insure our marine exposures … Continued
Are you familiar with your insurance policies and the contractual relationship between you and the insurance carrier? Join Brandon Mohr, in-house counsel for Henderson Brothers’ Claims Department, as he explains the benefit of policy review and how to get started. Featuring: Please note that the information contained in this posting is designed to provide general … Continued
The novel coronavirus (COVID-19) has and continues to impact different industries in different ways. Perhaps the most significant is the healthcare sector. Within the sector, nursing homes, assisted living facilities, and other congregate care communities have experienced their own epicenters of COVID-19 developments. These entities have their own set of risks and issues related to … Continued
A fire has a devastating impact on a business. Did you know that 40% of business that have a major fire do not reopen? And that of those that do reopen, 25% fail within the first year? Further, only 29% are still operating after two years. Join Henderson Brothers’ Risk Control Specialists Lance Petro, John … Continued
Our Vice President of Commercial Lines, Clem Wandrisco, weighs on the in application of insurance coverage for damage from a riot: Insurance policies cover riot damage, but it’s more complicated than that (link to article, membership required) Please note that the information contained in this posting is designed to provide general awareness in regard to … Continued
Over the past several months our team of experts from across our business units have been delivering thought leadership to clients. The Henderson Brothers Property & Casualty, Employee Benefits, and HB Retirement teams have been collaborating on this Expert Update – COVID 19 document which provides concise information relative to the impact of COVID-19 and … Continued
On April 1, 2020 the PCRB will be implementing revisions to Basic Manual Rule V- Premium Basis. The most impactful of these changes involves the treatment of prevailing wage fringe benefits paid directly to employees. Below is an explanation of fringe benefits and an overview of how this change will impact policyholders. Prevailing wage fringe … Continued
Your organization’s cyber security should not be an afterthought. Your business likely has a fire evacuation plan, hopefully has a business interruption plan, and may even have an inclement weather plan. Have you given sufficient planning and consideration to your cyber security incident response plan? Our new white paper explains in detail. If you have … Continued
Insurance is an important component of many business transactions. Whether you’re a construction company hiring subcontractors, a manufacturer contracting with a supplier for component parts, or anything in between, you require proof that the other party carries adequate insurance to protect them and you in the event of a claim. This proof is provided in … Continued