CONTRACTORS PROFESSIONAL/POLLUTION LIABILITY Contractors should work with their agent or broker to be sure they make an informed decision on whether or not to buy By Edward L. Sheiffele Jr. According to the NAICS Association, there are approximately 1.3 million contractors with annual revenues of less than $5 million in the United States. While virtually all of these contractors are currently protecting their businesses with general liability, workers compensation, business
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THE HIGH-TECH FLEET SAFETY BOOST Telematics and analytics for the transportation industry is an all-inclusive solution, involving everyone from the telematics firm to the insurer By Lori Widmer The old days of fleet safety program management are over. Thanks to telematics, an entire industry lifecycle has been established around driver behavior and, more important, improved safety and loss exposure. From dashcams and devices that measure braking, speed, and turning to
Specialty Lines Markets FOCUS ON MUNICIPALITIES Everything from infrastructure to police actions can become a litigious situation By Lori Widmer It took years of litigation, but in January 2021, the city of Newark, New Jersey, reached a resolution. A lawsuit filed by the Natural Resources Defense Council and the Newark Education Workers Caucus alleged that the city and the New Jersey Department of Environmental Protection failed to address in a
CANNABIS INSURANCE As marijuana legalization advances, is it time for agents and brokers to prepare to cover cannabis? By Joseph S. Harrington, CPCU “Happy days are here” for cannabis sellers and users, says cannabis insurance specialist Erich Schutz, borrowing from the famous tune celebrating the end of alcohol Prohibition. As of January 2021, following referenda in four states legalizing recreational use of cannabis (and a fifth allowing medicinal use), marijuana
Coverholders and Risk Takers By Glenn W. Clark, CPCU THE SIGNIFICANCE OF TIMING IN THE PROGRAM SPACE From TMPAA to CHART 2.0 and Patrol Protect “I have not failed 10,000 times. I have not failed once. I have succeeded in proving that those 10,000 ways will not work. When I have eliminated the ways that will not work, I will find the way that will work.” —Thomas Edison Rockwood Programs
