Category Archives: General Liability

Cobb-Hall Insurance: Agency of the Year Award

Cobb-Hall Insurance is honored to be named Agency of the Year by National Underwriter Magazine.  Click link to read full article.    Cobb-Hall Insurance Agency of the Year

Cyber Liability

Data Breach Unsecured Warning Sign ConceptCyber Liability – Data Breach Protection

If you run payments or have sensitive client information you need to consider purchasing a cyber liability policy to protect you from the financial hardship of cyber losses

Nearly all businesses are susceptible to a cyber attack. Besides internet dangers, cyber attacks can also include computer hardware problems, communication media errors, backup and operating system errors and fraud. Your general liability policy may not cover cyber risks and include loss of control over sensitive customer data.

Common causes of cyber related losses include:

  • Human error: Unintentional acts such as leaving a laptop that has access to patient medical records at the airport.
  • Intentional: Illegal criminal activity can occur outside the organization by hackers or criminals, or come from inside the organization.

Cyber Risk Liability policies can be tailored to your needs and do not have to be expensive. Look for a policy that covers business interruption and other aspects like notifying customers of data breach and hiring a PR firm to manage your public image. Some of these policies can also assist you before you are cyber-attacked.

Contact the experienced professionals at Cobb-Hall Insurance to provide solutions designed specifically for your needs.

Excerpts from: Trusted Choice/ Independent Insurance Agents

Steps for Handling A Business Loss

What to do in Case of a Business Loss

At the time of a loss, sometimes it is difficult to know what steps to take.  Your insurance contract Emergency exit signsrequires that you report all claims promptly, so be sure to contact them as soon as possible after a loss. Once the insurance company assigns an adjuster, you will be able to deal directly with the adjuster to settle your claim.Your agent is there to help you, so if you have any delay or problem settling your claim, be sure to contact your agent.

Here are some tips to assist you in case of loss.

Property Claim

  • Contact proper authorities. (Fire Department, Police, Etc.)
  • Protect property from further damage.Contact: Utilities (gas, electric),                                      Contractor (board windows, cover hole in roof)
  • If possible, take photos of damage before emergency repairs are made.
  • Call your agent/insurance company to report the loss. An adjuster will be assigned.
  • Discuss the next steps with your adjuster. (what contractor to call, when to schedule repairs, etc.)
  • Be sure to keep a record of costs and retain receipts.

Automobile Claim

  • Contact the police.
  • Stay safe and out of traffic. Warn oncoming traffic if needed.
  • Check if medical assistance is needed. Call an ambulance if necessary.
  • Collect information: vehicles, drivers, address & phone numbers, license & plate numbers, insurance policy numbers, police report number, witness contact information, etc.
  • Call your agent/insurance company to report the loss.
  • If vehicle is not drivable, have it towed to a repair shop.
  • Discuss the next steps with your adjuster. Do not authorize repairs before the adjuster gives authorization.

Liability Claim- In the event of injury or property damage you allegedly cause

  • If injury is involved, provide assistance and call an ambulance and/or the police if necessary.
  • Obtain details: name, address, contact information for those involved, witnesses, description of event, etc.
  • Call your agent/insurance company to report the  incident.
  • Forward all correspondence, including attorney summons and court documents to the insurance company.
  • Refer all claim questions to your adjuster, including from the other party’s attorney.

Workers’ Compensation Claim

  • If injury is involved, provide assistance and call ambulance and/or police if necessary.
  • Obtain details: name, address, contact information of those involved, witnesses, description of event, etc.
  • Complete state-mandated accident reporting form (form 100). Contact your insurance company/agent to obtain this form.
  • Contact your Workers’ Compensation Insurance company or agent to report the incident.
  • Forward all correspondence, including attorney summons & court documents to the insurance company..
  • Follow instructions from your adjuster and refer all claim questions to your insurance adjuster.

Contact the professionals at Cobb-Hall Insurance to provide solutions for your business insurance needs.

Hired and Non-Owned Auto Coverage

If employees use their vehicle for business, it  may leave a huge coverage gap.

If an employee uses their own vehicle at work or runs an errandDriving in summer for their employer,  the company could be held financially responsible in case of an accident. Usually a business auto policy only protects against loss involving company-owned vehicles and an employee’s personal auto policy  excludes business use. This can present a coverage gap. Even if a business rarely uses non-owned autos, it only takes one serious accident to create a significant loss for the business

How Non-Owned Automobile Coverage eliminates coverage gap

If your company has a business auto policy, make sure it includes coverage for hired and non-owned automobiles. Non-owned autos are vehicles owned by others (such as an employee) that are used for business purposes for their employer.

If your business does not own any automobiles, it is possible to purchase coverage for only losses involving use of Hired and Non-owned vehicles. The ‘hired’ portion would cover your business for liability purposes when renting a vehicle for business use. The ‘non-owned’ portion would cover employees using their own auto in the business.

Make sure your limit for Hired and Non-owned coverage is enough to cover large court judgments.  Non-owned coverage will protect both the business and the employee for liability, but this does not cover the damage to the employee’s auto.

Contact Cobb-Hall Insurance for solutions designed specifically for your needs.

Excerpts from:  Insurance Publishing Plus, Inc., 2014