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The Rough Notes Company Inc.

Coverage Concerns

    NO INDIRECT COVERAGE WITHOUT DIRECT DAMAGE

NO INDIRECT COVERAGE WITHOUT DIRECT DAMAGE

No Indirect Coverage Without Direct Damage The owner of a car dealership was frustrated with their insurer due to a couple of incidents that occurred after an area snowstorm. The dealership’s roof suffered storm damage but that didn’t cause an issue. The dealership’s problem was the snowstorm eliminated access to its location, so customer traffic ceased. Naturally, this significantly reduced car sales revenue. The dealership’s insurer paid for the roof

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    A TIME OF TESTING—AND VINDICATION?—FOR PREMIUM FINANCE

A TIME OF TESTING—AND VINDICATION?—FOR PREMIUM FINANCE

Insurance operations should think long and hard before getting into any type of lending. But consideration of premium finance must acknowledge not just money left on the table, but the opportunities, too. A TIME OF TESTING—AND VINDICATION?—FOR PREMIUM FINANCE Tech-driven vendors say they can help agencies reduce the risk and expense of financing premiums By Joseph S. Harrington, CPCU 2020 could have been a very bad year for premium finance

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    THE DUTY TO DEFEND IS A MIGHTY OBLIGATION

THE DUTY TO DEFEND IS A MIGHTY OBLIGATION

THE DUTY TO DEFEND IS A MIGHTY OBLIGATION Membership to a tanning spa required providing a fingerprint scan. However, that was the only requirement made of customers in providing personal information. One customer, upon learning that the spa sold the fingerprint information to a third party, headed up a class action lawsuit. The suit alleged that the sales was in violation of a biometric information privacy law. After the spa

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    YOUR CLIENTS BOUGHT THEIR FIRST GUN. OR IS IT THEIR FIFTH? SHOULD YOU CARE?

YOUR CLIENTS BOUGHT THEIR FIRST GUN. OR IS IT THEIR FIFTH? SHOULD YOU CARE?

In the wake of the COVID-19 pandemic and civil unrest over policing, Americans are buying firearms at record levels, in many cases their first. As an agent or broker, should you care? YOUR CLIENTS BOUGHT THEIR FIRST GUN. OR IS IT THEIR FIFTH? SHOULD YOU CARE? The risk of loss with firearms is remote but real By Joseph S. Harrington, CPCU In the wake of the COVID-19 pandemic and civil

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    DEPENDENT STATUS DETERMINED COVERAGE STATUS

DEPENDENT STATUS DETERMINED COVERAGE STATUS

DEPENDENT STATUS DETERMINED COVERAGE STATUS An auto owner was insured under a personal automobile and a personal umbrella policy from the same insurer. The auto policy’s limit was exhausted, responding to the claim where a person, given permission by the vehicle owner to use the car, struck several persons on the side of a roadway. The injured parties sought coverage under the umbrella and the insurer filed for a declaratory

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