Bone Robertson & McBride Inc Blog Page 9
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Tuesday, August 17, 2021For those of you who own Companies that have a good employee retention but are not required to offer health insurance, you are in the best of all worlds. Once you decide to offer Health Insurance, you now will play in a different world. You will be subject to penalties if you make an error or omission in the administration of the plan. READ MORE >>
Tuesday, August 17, 2021Little attention is paid to how employees complete their time sheets and become a bone of contention when the employee is terminated or feels mistreated and relies upon the fact that they should be receiving additional pay because of not being told about the required breaks they must take etc. READ MORE >>
Tuesday, August 17, 2021It is not insurance…A Bond is issued by a licensed Insurance Company that is a financial guarantee. If called upon and properly proven up the Claimant will receive up to the total proceeds of the Bond. It is the Bonding Company’s sole judgment that decides whether or not to pay the amount complained for by the Caimant. READ MORE >>
Tuesday, August 17, 2021Setting up the Claim A.)When you are presented with a Claim from one of your employees, you are obligated immediately to complete the Employer’s section of your Insurance Company’s Claim Form and provide the employee with a copy of that individuals claim form for their completion and direct return to the Insurance Company. READ MORE >>
Tuesday, August 17, 2021I have been practicing Commercial Insurance for approximately 50 years and the usual disdain received from an insured is “Why am I paying so much for Insurance?” Once the claim comes…“Why is the Insurance Company paying so much for this claim? READ MORE >>
Monday, August 16, 2021When you have any insurance claims, you have the obligation to immediately notify the insurance carrier of a claim or an incident that will lead to a claim. The late reporting of a claim can cause the insurance carrier to enforce certain contractual obligations whereby they will deny coverage due to late reporting. READ MORE >>
Monday, August 16, 2021Due to the size of our firm, we daily receive auto claims, particularly for physical damage to our insureds’ commercial vehicles. We inform our clients that when a vehicle is declared to be a “total wreck” by the insurance company, the value of that loss is a negotiable item. READ MORE >>
Monday, August 16, 2021Due to the size of our firm, we daily receive auto claims, particularly for physical damage to our insureds’ commercial vehicles. We inform our clients that when a vehicle is declared to be a “total wreck” by the insurance company, the value of that loss is a negotiable item. READ MORE >>
Monday, August 16, 2021Many of your commercial insurance policies contain Replacement Cost Valuation come loss time. The easiest definition of replacement cost is, what it would cost one nanosecond before an insured’s loss to replace the item new with its same utilitarian-like abilities as the old object that was destroyed? READ MORE >>
Monday, August 16, 2021I share insureds’ frustration regarding an insurance company’s apparent malingering over accepting and admitting liability for a claim that has been presented. Insurance companies seem to be in a ‘mood’ and telegraph their apparent attitude toward insureds. READ MORE >>
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