Bone Robertson & McBride Inc Blog Page 9
View the latest blog posts from Bone Robertson & McBride Inc.
Tuesday, August 17, 2021While no one likes their insurance policy because it costs money, you need to have a very valid reason to cancel a policy mid-term because of the implications that will be imposed upon you for doing so. A good example will be that most Insurance Policies have a minimum earned premium and also are subject to a short-rate cancellation calculation. READ MORE >>
Tuesday, August 17, 2021So many of you treat your Commercial Insurance Coverage as if it is a Commodity. You are always looking for a lower price and are willing to move for nominal decreases in premium and at the same time have no idea what you are not getting in the policy that will be issued after you jump on what you call an “opportunity”. READ MORE >>
Tuesday, August 17, 2021I am constantly asked why an individual is added to a lawsuit when the function of the job performed was not part of the lawsuit for which they have been served. Most people do not realize that the attorney representing the plaintiff has a duty to that plaintiff to name any and all possible people that may have any liabilities whether small, medium or large. READ MORE >>
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 >>
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