Builders' Risk Property and Liability Exposures

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Construction operations are gaining momentum again following a slow-down during the onset of the COVID pandemic. Make certain that you as the property owner protect your risks aside from the coverage offered by Contractors. Call today to discuss your project, 205 - 251-1009. We have access to markets for Personal and Commercial construction risks policies. Building Contractors let us help you as well, including Bid and Performance Bonds. We can offer your Sub-Contractors coverage and COIs so that you can avoid added costs for their services.

Protecting your Business and Clients' Data

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Cyber insurance was once thought to be a product for larger corporate entities, such is no longer the case. Many small businesses have experienced either ransom demands to recover access to data or actual breach of data. In either instance, cost for mitigating the potential impact can be costly and affect business profits and/or reserved funds. Consider consulting with one of our insurance advisors to understand options for transferring or minimizing some cost by purchasing Cyber and Data Breach insurance; don’t delay, cyber hackers are working while you sleep.

New Year Task: Schedule Insurance Check-up

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It is easy to continue business as usual, but just as you have the need to schedule medical/health check-ups you should also consider review of your personal and business insurance portfolios. As society becomes excited with new items and technology advances, we overlook insurance needs and associated liability threats that are growing astronomically, and set the stage for litigious claims which can impact financial resources. ( e.g. the fantastic go-cart, new ring for spouse, drone that was gifted to your child for Xmas or  added as the greatest new business tool for the office; are they all properly insured?)   

Particularly for business operations, many statutory changes and societal public threats give rise to the need for specialized coverage, consult with one of our knowledgeable agents today. Let us help you lessen your exposure to loss with coverage to protect your business and its Directors and Officers.  Below is just a sampling of coverage offerings that are often omitted or declined. but, are most important.   

Directors and Officers Liability  -  Employment Practices Liability   -  Cyber/Data Breach Protection

Workers’ Compensation and Employers’  Liability - Active Assailant Protection - Umbrella /Excess Liability 

rbyinsure@aol.com    

Directors and Officers Liability  -  Employment Practices Liability -  Cyber/Data  Breach Protection -

Active Assailant Protection -  Workers’ Compensation and Employers Liability - Umbrella Excess Liability  

  

Safety: Work Environment Mangement

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If you are operating a business that involves lifting, operation of vehicles, cooking, handling machinery or toxins you should consider adopting periodic training sessions to support safety procedures. Contact us to today to determine if we can place your operations with a carrier that offers loss control services with no added fees. Even if you have an employed safety manager, added resources can provide value to your management process. The question of an Employer’s Liability often focuses on, what did you do or not due to avoid the hazard of injury. Take steps today to position your response to be: We were proactively operating to avoid hazardous conditions and we are prepared to document the same.

Contact us at (205)251-1009 or email for a consultation/quote request kirbyinsure@aol.com   

When should I cancel Physical Damage insurance on my car?

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We advise our clients to process a simple mathematical analysis:  At the end of the exercise ask yourself if you are spending your money in the best way, or should you apply the savings to purchase higher liability limits or even excess limits with the purchase of an Umbrella policy. 

Mathematical analysis:                                                 Example 1                      Example 2

Assess current market value of your car                $4,000                           $1,500

Collision Deductible applicable if loss occurs        $1,000                            $500

Cost of annual Collision insurance                             $500                              $300 

Net actual claim settlement                                         $2,500**                          $700**

**THE QUESTION then becomes, at what value are you breaking even or self-insuring?