Can we purchase insurance to cover the costs of a product recall, such as customer notification, shipping and disposal?
Do we have adequate limits to replace our building or contents if we suffer a loss?
Have we calculated replacement cost of our building, to avoid being penalized for underinsurance in case of a claim? If not, how will we establish that replacement cost?
Hurricane Season comes every year - Are we subject to a separate wind deductible or early cancellation penalties?
What are the risks of having windstorm coverage that expires during hurricane season? Should we consider buying flood insurance?
Do we need to insure Outdoor Property? Signs. Fences. Carports. Ancillary Buildings. If we have others property stored on our premises, is it covered under our policy?
What about coverage for Mechanical Breakdowns, Backed-Up Drains, Sewer Lines, Law and Ordinance, Business Income, or Lost Rents?
How do we calculate the amount of business income coverage needed? Do we need coverage for Ordinary Payroll?
What are dependent properties? Do we need coverage for those?
What about Waiting Period? Extended Period of Indemnity? Civil Authority Coverage? Utility Service Time Element Coverage? Extra Expense coverage?
Will my property insurance cover damage from flood waters? What does flood insurance cover? Do I have to buy flood insurance on my commercial property?
How do I know what my risk is of being flooded? Where can I buy flood insurance? How much flood coverage can I get?
If I purchase flood insurance now, when will I actually be covered?
If, after a substantial covered Loss, Ordinances in my community require me to demolish the entire structure and rebuild, rather than repairing it...
... Would my property policy cover the cost of rebuilding the undamaged portion? Would my property policy cover demolition cost of the damaged portion?
If, after a Covered Loss, building codes require modification, would my property insurance cover these items? Sprinkler system, elevators, ADA compliance, energy efficient upgrades?
How many different Mechanical Systems does my business depend on? Electrical, A/C & Refrigeration, Boilers & Pressure Vessels...
...Computers & Servers, Communications Equipment, MRI, X-Ray, Scanners, Elevators, Escalators, CNC Manufacturing, Robotics?
How many ways can Mechanical Breakdowns affect my business? Could a simple short damage the whole system, or damage simple equipment?
Mechanical systems fail. Are we prepared to lose elevators, production equipment, generators, or pumps? How would a loss of A/C affect me, my customers, or my tenants?
How would a loss of A/C affect me, my customers, or my tenants?
Do I pay people to work for my business that I consider to be an employee or an independent contractor? If so...
Have I arranged Workers' Compensation Insurance to protect me from being legally responsible for damages suffered by either an injured employee or independent contractor?
Do I have the necessary extension to my Workers' Compensation policy to cover myself, officers, and partners if we are injured on the job?
Have I avoided buying Workers' Compensation insurance to save money? If so, have I compared those savings to the potential costs of not having coverage?
What about working outside the state of Texas? With our current Texas coverage can we work in other states? Is it legal? Could we be fined?
Do different states' rates mean we have to price differently outside Texas?
What if we are working on or near the water, or in a shipyard on land? When do I need Longshore Insurance?
Can employers or key officers be held criminally responsible for failing to have the required longshore insurance?
What are the hidden costs if subcontractors do not have Workers' comp? Should owners and officers be covered by Workers' comp?
What is an Insurance Premium Audit? When would an Audit be performed? Who will conduct the audit? Do I need to be available to meet with the Auditor?
How will an Audit be conducted? Will someone visit in person? Might it be done over the phone? Will I need to provide a report?
What types of information will I need to provide? General information? Payroll information? Tax information? Sales information?
What do I need to do to prepare for my Audit? How should I organize my Payroll records? By policy period? By classification code? By overtime and regular?
What is included in Gross Payroll for Audit purposes? Should I request Certificates of Insurance from all my Subcontractors?
Do we ship products or equipment by sea or air? Should I rely on distribution intermediaries to arrange insurance for my cargo?
Do I know, in a timely manner, how broad the coverage is or isn't? Is a licensed insurance professional negotiating premium and coverages with my interests in mind?
Do I know if the selected insurer has been vetted for financial stability and paying claims?
Will the insurer be accessible to me, or am I required to resolve claims with people located in a foreign country?
If a cargo ship goes down with your goods, who are you going to call?
Are there issues I need to deal with concerning Certificates of Insurance?
Am I required to: Name my clients as additional insured? Endorse my policies with a waiver of subrogation? Endorse my general liability policy to be primary and non-contributory?
What about: Subcontractors exclusion? Contractual Liability Coverage alternatives? Subcontractors insurance requirements warranty? Pollution Exclusion Alternatives?
What are: Umbrella and Excess Liability? Manufacturer’s Errors & Omissions Liability? Product Recall Liability Insurance?
