Usually, you think of retirement programs when you consider fiduciary liability, like the headline cases of the nineties, like Enron and Rite-Aid, where fiduciaries suffered class action judgments for investing employee funds in company stock.
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According to insurance industry estimates, fewer than 50% of companies carry EPLI -- and the smaller the employer, the lower the percentage. Although the cost of coverage varies, a $1 million policy with a $5,000 deductible usually costs from $50 to ...
In construction and trade contracting, insurance and liability can be tricky. To what extent do you have to cover your own risks? To what extent can you expect the client to take full responsibility? Who pays out if one of your crew members is injure...
Let's say a general contractor or owner/developer asks you for a "cross liability" endorsement, but you can't find this provision in the policy itself or as an endorsement. Should you be worried?
Probably not. Standard Liability coverage includes a...
If you love boating and live near an exotic vacation spot, ocean, local marina or lake, you may operate a boat rental business. It allows you to share your passion with others as you make a living doing what you love. Whether you rent boats to the lo...