Personal umbrella

Increasing Frequency of Dog Bites a Reminder of Costly Liability for Businesses and Pet Owners

In Pennsylvania last month, an employee filed a lawsuit against Home Depot and her supervisors alleging the defendants failed to maintain a safe work environment after she was bit by a dog brought in by a customer. Earlier this month, a toddler in North Carolina was hospitalized after he was bit by a dog. Another…

soccer coach

Thai Cave Rescue: How Volunteers & Organizations Can Reduce Risk of Lawsuits

The rescue of 12 youth soccer players and their coach from a flooded cave in Thailand captivated the world this week. The boys, ranging in age from 11 to 16, and their coach were exploring the Tham Luang Nang Non cave complex in northern Thailand on June 23 before they became trapped inside following heavy…

How to Combat Liability Risk for Graduation Parties with a Personal Umbrella Policy

The National Center for Education Statistics is expecting that 3.6 million students will graduate from high school in 2017-18. As outgoing high schoolers around the U.S. hold their graduation parties in the days and weeks ahead, and their parents and guardians recognize their milestone achievements, they should also be aware of the liability they could…

NFL Draft Will Turn Athletes into Millionaires – and Make Them Prime Targets for Risk

More than 200 players will be selected in this week’s NFL draft, marking a turning point in both their professional and personal lives that also brings added liability with increased income and fame. First-round picks in particular will make millions of dollars as the 2017 draft reminded us, with the first overall pick expected to…

Masters Tournament Lodging: Home Rentals Need More Than Homeowners Policy to Protect Against Risk

When the PGA Tour’s first major, the Masters Tournament, is held this week at Augusta National in Georgia, thousands of fans from around the world will converge on the small town of Augusta. It is estimated that 150,000-190,000 patrons attend the Masters each year. And they will all need a place to stay. With hotels and online rentals being booked nearly two years in…

Five Signs Your Client Needs a Personal Umbrella Policy

The average award for a personal injury lawsuit is $789,784, above the limits of many homeowners or standard auto policies.1 With a rising need for Personal Umbrella insurance the key for brokers and agents is to educate and inform clients of the exposures they face and how to properly protect themselves. “For a few hundred…

Top 3: Personal Insurance Articles

Insurance Market Source highlights this month’s top three personal insurance articles on insurancemarketsource.com. 1. Thinking Differently About High-Net-Worth Policies A recent report marks a record total of 10.4 million millionaires in the United States, adding 300,000 new millionaires in 2015. While economic growth has been slow, the number of affluent individuals has risen. High-Net-Worth package insurance…

Protect Your Own: Personal Umbrella

Dog bites, boating accidents, falls on an icy stairway or off a trampoline, collisions with an uninsured driver—mishaps like these happen with surprising frequency. And when they do, lawsuits often follow. Which is why it is probably time to discuss Personal Umbrella Coverage with your clients, if you haven’t done so already. Once presented with the…

Virtues of Excess