Umbrella Liability Insurance – What Limit of Protection is Enough?

So you have a commercial umbrella liability insurance policy. How did you select the limit of protection? Is it high enough or should it be higher? Perhaps lower? Although at the end of the day the particular risk preference of your enterprise will weigh heavily in your selection of limit, here are some other considerations to keep in mind. Lease Obligations Some of the larger broadcast tower companies are now requiring that tenants have umbrella liability insurance limits of up … Read More

Clearing Up Some Common Misunderstandings About Insurance

Property and casualty insurance coverages can be complex, can differ from one insurer to another, and can change from one year to the next. Your representative at Preston-Patterson is your key resource should coverage questions or issues arise. But the following is a discussion to clear up some common misunderstandings relative to insurance. New Employee Drivers – Do We Need to “Add” Them for Coverage? Actually, you don’t. But being attentive to who is qualified to drive your company vehicles … Read More

Network and Data Security and Privacy Insurance

In spite of robust security measures, a number of prominent companies – Equifax, Target, Uber, Yahoo and others – have in recent years been victims of cyberattacks. But it is not only the large companies that are hit with such attacks – according to a Verizon Data Breach Investigations Report, 61% of breaches in 2017 were sustained by firms with fewer than 1,000 employees. Insurance companies have for some time provided network and data security and privacy insurance (NDSP) to … Read More

Introduction to Employment Practices Liability Insurance

Sexual harassment. Wrongful termination. Discriminatory hiring. Hostile work environment. The number and scope of recent allegations of inappropriate workplace conduct has renewed the focus on the need for proper employee management practices. But even with proper diligence, things can happen, allegations can be voiced, complaints filed, and lawsuits presented. And that’s when it is important that the broadcaster have a solid employment practices liability insurance (EPLI) policy in place and have a good understanding as to the scope of coverage … Read More

Vehicle Fleet Safety

Remote broadcast vehicles are an important part of a radio station’s engagement with listeners and ENG trucks are a key resource for locally produced news shows. But it seems that traffic is heavier everywhere these days. And isn’t it amazing how a low-speed, parking lot fender bender can result in the other driver sustaining “serious injury resulting in extraordinary pain, suffering and impairment”? While many commercial enterprises have historically had somewhat of a limited concern about vehicle fleet risk management, … Read More