Police liability insurance mandate central to Minneapolis reform suggestions

Police liability insurance - Police vehicle vanadalism - George Floyd Protests

A number of advocacy groups have issued law enforcement practice reform recommendations. A police liability insurance mandate was a key component of recommendations made by a number of advocacy groups regarding Minneapolis reform law enforcement practices. These recommendations were made following the City Council’s support for abolishing the police department. Twelve members of the City Council showed support for the police department’s complete abolishment after the death of George Floyd, an unarmed Black man who was in police custody at the time. Two chapters of Black Lives Matter, the Minneapolis…

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Elon Musk to cover Tesla directors and officers liability insurance himself

Directors and Officers Liability Insurance - Tesla charging station

The company cited “disproportionately high” D&O policy premiums quotes from insurers. Electric vehicle maker Tesla Inc has stated that it will be forgoing directors and officers liability insurance for the 2019-2020 policy hear. The reason they gave for skipping the coverage is that insurer premiums quotes were “disproportionately high.” That said, Tesla won’t be without any form of D&O coverage at all. Elon Musk, the company’s CEO, has stated that he will personally provide coverage “substantially equivalent” to the directors and officers liability insurance Tesla would receive from traditional insurers.…

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Thrift shop insurance protects second-hand and resale company

Thrift Shop Insurance - Second Hand store sign

Specialized business coverage helps owners to know they have protection specific to their needs. Resale shops are skyrocketing in popularity for a number of trending reasons and thrift shop insurance helps to make sure those business owners have coverage tailor made for their unique needs. A resale or second-hand store needs standard forms of coverage but faces certain unique risks. Due to the unique risks resale and second-hand shops face, owners tend to find the greatest peace of mind from thrift shop insurance policies. These have been created with the…

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App developer business insurance steps beyond general coverage

App Developer Business Insurance - Computer IT

IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…

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Coffee shop insurance protects owners and operators from the unexpected

coffee shop insurance - barista - coffee shop

This type of business coverage requires a number of types of different protection. As a small business owner coffee shop insurance can make the difference between being inconvenienced by an unexpected event, or going through financial catastrophe. Getting the coverage you need protects all the time and money you’ve invested into your company. Coffee shop insurance is actually a combination of a number of different policies combined. It provides your business with protection against a spectrum of risk exposures and liabilities. No matter how large or small your shop may…

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Home stagers insurance starts with liability coverage but includes much more

Home Stagers Insurance -

Preparing a house, condo or apartment for sale or rent takes style, care and protection just in case. Home stagers insurance is a type of coverage that will protect various components of your business against a spectrum of potential perils that can affect you. Even if you’re a one-person operation, to succeed, your business requires the right coverage. Home stagers insurance does start with a traditional style of business liability coverage. That said, it also requires a number of other types of protection as there is more to your business…

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Bed and breakfast insurance can help to keep a dream business safe

Bed and Breakfast Insurance - Victorian home

A B&B can be a highly rewarding home business, but ownership comes with very specific risks. Many people dream of opening a B&B and just as important as a perfect location and customer experience is the right bed and breakfast insurance. Many owners begin a B&B as the first business they have ever run and misunderstand the importance of coverage. There is often a far greater focus on trying to keep up with daily tasks, advertising effectively, and bringing in enough money. It’s not uncommon for B&B owners to assume…

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