Types of Homeowners Insurance: Named Perils vs. Open Perils Basic, Broad and Special Forms The word “Perils” is insurance industry language for the causes of loss that are covered in a property policy. There is a substantial difference between Named…
What Is Management Liability Insurance? Management liability insurance is a set of coverages designed to protect your company and the people leading it from a variety of business risks. No matter how big or small your company is, your company…
We are excited to offer premium relief or refunds during this time to our clients. We have prepared a summary below with links to each companies website to offer additional clarification. We hope you are all well and safe. Westfield…
Ohio Department of Insurance Issues Bulletin Requiring Property & Casualty Insurers to Defer Premium Payments for 60-Day Grace Period As a result of the coronavirus outbreak, the Ohio Department of Insurance (ODI) has issued Bulletin 2020-07 requiring insurance companies to…
We hope this message finds you safe and well. Dumbaugh Insurance remains committed to providing you the superior service, solutions, and advice you deserve throughout this pandemic. The safety of our customers and team members has always been a priority…
Occurrence Coverage Form Occurrence policies protect you from any covered incident the “occurs” during the policy period, regardless of when the claim is reported or filed. An occurrence policy will respond to claims that come in – even after the…
Do I need an ERISA fidelity bond? The Employee Retirement Income Security Act (ERISA) requires privately held companies who sponsor a retirement plan such as a 401k, SEP IRA, or SIMPLE IRA to purchase a fidelity bond. Some notable exceptions…
Better known as COBRA, The Consolidated Omnibus Budget Reconciliation Act of 1985, requires that health insurance coverage continue to be offered to workers and their families when it would otherwise be lost due to a change in employment status. If…
ACA Affordability Contribution Rate Set at 9.78% for 2020 New Figure Marks Decrease from 2019 Under the employer shared responsibility (“pay or play”) provisions of the Affordable Care Act, applicable large employers—generally those who have 50 or more full-time employees (including full-time…
For many people, celebrating our country’s Independence Day includes setting off fireworks, on or around July 4th. While most of us enjoy a spectacular fireworks display, remember that fireworks are explosives best left in the hands of professionals. From an…