The retroactive date on your policy specifies the earliest point in time that your insurance policy will provide coverage. This is also known as your prior acts coverage. Your professional liability policy is written on a claims made basis including a retroactive date. This means, in order for coverage to apply, the claim must be made and reported to the insurance carrier during the policy period and must have occurred after the retroactive date on your policy.
Life is inherently dangerous and the ability to get back on your feet is no accident. Having the right insurance makes all the difference. As the experts at Merriam Insurance will tell you, as they present Risky Business: Dealing with the Dangers of Life.
In the 30 years of my professional career in risk management and insurance, I have never come across an issue as divisive as the debate over National health insurance. I will admit, right up front, that I am an opponent to the idea. Categorically, I am one of those conservatives who are prone to side with Thomas Jefferson who was quoted as saying, “The role of government is to do for society what society cannot do for itself.” Likewise, I am apt to quote what was printed in the monthly periodical
It is becoming clear that Health Care reform is not what the American people were promised. A new study released on March 3, 2014, written by Senior Fellow David Hogberg, Ph.D. of the National Center for Public Policy Research, states that exchanges have reduced the choices and increased the price of insurance policies when compared to what existed in the 2013 market. Healthcare reform supporters, including
In January of this year, I took my 16-year-old daughter, Kalina, to Haiti for a short-term mission trip. I hoped that, by showing her the poorest nation in the western hemisphere, she would have an appreciation for the bounty that is ours in America. Additionally, I hoped that she would perceive an obligation to someday help those who have not been as well blessed as we Americans. Even those who are below the poverty line here in our own country have available resources that those in poverty in Haiti do not. Four years ago I took a similar trip
What comes to mind when you think about spring? Tulips, motorcycles, tattoos, long rides and vacations. Are you insured for the season? We have insurance to fit your needs! If you have an accident or covered loss while more than 100 miles from home, trip insurance will pay for your lodging up to your policy limit. Is your motorcycle insurance up to date and your coverage adequate? Are your liability limits high enough to cover you in case of a loss?
New business owners are concerned to see that conditions are favorable for the success of their business, which includes obtaining the protection of business insurance. However, it is possible that business success and longevity may cause complacency. Ten years ago, you might have started your business with just a small office space and one computer. Yet, today you have an office full of employees and equipment. You may now need to make changes to your original insurance coverage. It is common for small businesses to start out with basic insurance coverage,
Human error is an inevitable part of doing business. Even the most thorough and conscientious employee will suffer from distraction or a momentary lapse in judgment. Such errors, intentional or not, cost valuable time and resources to correct, may alienate customers, and may hurt the trust teammates have in each other. A policy of dealing proactively with mistakes must permeate your organization. The ideal scenario is that a mistake be reported to a person who has the power to correct the issue before too much damage is done. This proactive attitude may include
Colorado is full of opportunities to take a vehicle off-road. Once a Jeep owner proudly proclaimed that if he couldn’t make it up a snow-packed road, no one could. In the next few moments, my family and I zipped by in our Subaru Forester equipped only with studded snow tires. I grew up in Pittsfield, Mass and pride myself on being a great driver, not necessarily a “wheeler.”
A strong employee benefits package is a powerful tool for attracting and retaining the best workers. In a 2011 Harvard Business review survey of human resource leaders, 60 percent said an attractive benefits package is “very important” in recruiting and retaining quality employees, as opposed to 38 percent who said a high base salary is very important. Benefits play an integral role in employee satisfaction. A recent survey by Met Life found that roughly 49 percent