business insurance

Contractors’ Insurance: Change Orders & Work Adjustments- Are You Covered?

By Brian Pilarski, Commercial Insurance Advisor The plans are drawn up, the materials are on site. On paper, everything looks great, ready to roll. Installation starts and there are some problems.  The drawings and actual land/structures are slightly different.  The materials have some variations that pose difficulties. But the work has to get done. Big

Contract or Commodity: The Sequel

By Todd Piersol, Executive Vice President, Brown & Brown of Detroit A couple years ago I posted a an article called Contract or Commodity: , which made the argument that insurance policies should be given more attention as being true contracts versus a commoditized expense.  While my career as an insurance topic journalist may

“Insurance? Oh… Umm… Crazy weather lately, huh?” WHY I Work in Insurance

By Brian Pilarski, Commercial Insurance Advisor With the latest holiday season comes another set of awkward responses when people ask what I do for a living. I often joke that the best way to stop a casual conversation is to let people know you are in the insurance business.  People learn this and really don’t

Selling Your Interest in a Business? Talk to Your Insurance Advisor!

By Brian Pilarski, Commercial Insurance Advisor, Brown & Brown of Detroit Over the past few years, with improved economic conditions and better run companies, we have seen a lot of sales, mergers, and acquisitions. As a business owner, hundreds of “to-dos” arise during the sale. One important “to-do” is to inform your property and casualty

Reimbursement vs. Duty to Defend

By Brian Pilarski, Commercial Insurance Advisor Businesses purchase insurance to provide financial protection against exposures due to the business operations, employees, and litigation matters. General liability, property, auto, and work comp are traditional policies- all protect the entity, the commercial business, due to injury or property damage. Protecting the Executives- For Business Decisions (Non-Injury Matters)

The Art of Buying Business Insurance

By Chris Bolton, Commercial Insurance Advisor Let’s Face It In the event of a serious loss, such as a natural disaster or fire that puts you out of business for months on end, or a dangerous lawsuit that threatens your business survival, the last thing on you mind will be what you paid for your

Top 5 Ways to Reduce your Workers Compensation Costs

Insurance costs are top of mind for all companies. The expense and the hassle of insurance often creates a dislike for the process necessary to best manage the program. At times, companies don’t feel they have much control over the cost, which it is a variation of market forces they don’t believe they can influence. Workers’

How Analyzing Work Comp Claims Helps Both Business and Their Brokers

By Ryan J. Wellman, AAI – Brown & Brown of Detroit Workers’ compensation is a polarizing topic for many businesses- many don’t understand it or don’t think they have any control over it. There are many reasons for this misunderstanding. Coverage can be complex, but clarity empowers employers to take control of current claims and

Policy Language is Critical

By Ryan Wellman, Commercial Insurance Agent Ask any business owner about their insurance policy, and they will say that aside from the limits and premiums, it is standard. This assumption has the potential to cause serious problems when it comes time to make a claim. Most business owners fail to understand that the policy they

“It’s Not You, It’s Me”: We’re Just No Longer a Fit

An old friend of mine (let’s call him Pete) works for a well-known, national tax services firm. It’s not the type of firm that resides in a stylish high-rise downtown. No, for this, think strip mall and a costumed worker out by the street waving people in during tax season. It is a tax-filing machine that promises to

DIY Insurance- Captives: Pros & Cons of Going to DIY Insurance (Captive)

Home Depot and Lowes, along with a binge of HGTV, can make one feel like undertaking a full kitchen renovation. Gut the kitchen, go buy the materials and your new makeover is ready to unveil! Reality- it’s not as easy as it looks. Gutting the kitchen? Well, that’s not too tough. Putting it back together is what often leads

Breaking News: Top Employee Loses Life Savings Due to Employer’s Lazy Insurance Agent

Screeeeeeeech! The 2015 F-150 driven by your top foreman, Charles, slams into the back of a completely stopped garbage truck. The passenger with Charles, one of your new associates, Pete, slams into the dashboard, disrupting a monumental run in Candy Crush, and, more importantly, crushing his forehead. Charles is relatively unharmed, only experiencing a few bruises. It turns out

Death by Medical Error, Time Out Protocol & Business Insurance

Medical errors contribute to a significant numbers of deaths per year, estimated to equate to around the 7th leading cause of death (if ranked and purely visible). To place the quantity of deaths caused by medical error in perspective, the number of deaths due medical error per year is the numeric equivalent of crashing a 747 plane full of

Owner, Spouse, Child- Not Covered by Insurance but the Business Is? Critical Gaps with Individually Owned Cars Insured on Business Auto Policy

PERSONAL CAR INSURED BY THE COMPANY? THE DIFFICULT CHALLENGES OF OBTAINING INDIVIDUAL(S) COVERAGE AS AN INSURED(S) UNDER BUSINESS AUTO POLICIES Many owners of corporate entities choose to place their personally owned/leased vehicles on the company auto policy. The rationale and benefits of insuring the personal vehicles on the company policy are plenty; from some tax advantages, to higher

Insurance for Future Cash- Trade/Credit Insurance

Why are most companies in business? As part of many reasons, one of the top is most likely to be “make money or profit.” A reality of business is the necessity of cash; if your company isn’t receiving revenue from goods & service, it’s likely the business will cease to exist over a short period of