Allstate eases delivery driver insurance terms in Oklahoma

Delivery Driver Insurance - Person driving car

As the need for reliable deliveries skyrockets, those using personal vehicles enjoy loosened coverage rules. Allstate has voluntarily relaxed its regulations for delivery driver insurance for individuals using their personal vehicles for commercial reasons, said the Oklahoma Insurance Commissioner. The goal is to make it easier for people to receive food and medicine during the COVID-19 outbreak. The Oklahoma Insurance Department has stated that Allstate alerted regulators of its decision. The insurer wanted to ensure that delivery driver insurance was in place. This way, workers would be properly covered when…

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Bicycle repair business insurance for shops protects your financial future

Bicycle Repair Business Insurance - Man repairing bike

These types of store typically offer a wide variety of different kinds of products and services. Bicycle repair business insurance can look a lot like other types of store coverage. That said, it’s important to make sure your policies are fitted to your unique needs. Clearly, this may not be the same as those of a bookstore or hair cutter’s salon. Your company may offer repairs, product sales, as well as safety courses and other types of training. As a result, there are various types of bicycle repair business insurance…

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Chubb and Travelers insurance companies win Louisiana bank DOJ settlement

A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc

The financial institution will not be able to recover the $11.7 million from the federal government. A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc. and Chubb Ltd. units. The reason is that the government was not the bank’s client, according to a ruling by the federal court of appeals last week. This most recent ruling upheld an earlier decision on the case from a lower court. IberiaBank Corp, a bank based in Lafayette, Louisiana, came…

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Your resume writing business insurance protects you from catastrophe

Resume Writing Business Insurance - person writing

Your company takes on substantial risk by providing this service, but the right coverage keeps you safe. Resume writing business insurance is designed to protect your financial assets. It should be considered a powerful investment into your company’s present and future. Remember that you carry the same risks as any other writing service, but with the added specifics of a CV. The main component of resume writing business insurance has to do with liability protection. Naturally, there is more than that, but this is most certainly the jumping off point…

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Is makeup artist insurance really necessary for your one-person business?

Makeup artist insurance - professional makeup application

There are many factors to take into consideration, including local laws obliging you to buy coverage. When your small business consists of just yourself applying cosmetics for people heading to important events, you may wonder if makeup artist insurance is truly necessary. Before you decide that it’s not a necessity for you, it’s important to know your local regulations. Depending on where you live, you may not legally be required to purchase makeup artist insurance. In other areas business liability coverage require it by law. Be sure to check your…

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Event insurance policies often don’t cover disease cancellation

Event insurance policies - SXSW 2020 Cancelled - SXSW YouTube

As gatherings like SXSW are stopped to slow COVID-19’s spread, participants are suffering losses. The South by Southwest (SXSW) conference has been cancelled for the first time in 34 years and the lack of disease outbreak coverage in event insurance policies has left many participants out of luck. This year’s SXSW was supposed to take place in Austin, Texas, from March 13 to March 22. The two SXSW founders were cited in a recent media publication, saying that the organization did not have disease outbreak coverage in its event insurance…

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Hotels may recoup some coronavirus cancellation losses with parametric insurance

Parametric Insurance - Hotel

Event organizers have been cancelling and delaying due to fears of COVID-19 spread. Hotels with a new type of parametric insurance launched by Lloyd’s of London last year may fare better than other players in the events industry as coronavirus concerns spread. Other players, such as event organizers, may not fare as well as this coverage won’t reach them. The parametric insurance coverage compensates hotels when there is a drop in revenue per available room below a certain established point due to circumstances that could neither be predicted nor controlled.…

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