Terminology Tuesday – What is Replacement Cost?

Last week we talked about Actual Cash Value, so this week it is only fitting that we talk about the flipside, which is Replacement Cost. Replacement cost is pretty much what it sounds like – the cost to replace your building, house, vehicle, personal property, etc. if it is completely destroyed. How is the replacement … Read more

Safety Tips and Risk Management for Construction Companies

If you own or work for a construction company, you know that there is a high likelihood of being injured at least minorly during your career. There are, however, several ways to help lower that likelihood and save your company money in the long run (fewer claims equal lower insurance premiums)! Wear all protective gear … Read more

Beirut – What happens now?

After the tragedy in Beirut yesterday, it seems fitting that we talk about the results of the explosion and how an insurance company would and could react to such an incident. Speculation is that the explosion began in a storage facility for ammonium nitrate. Ammonium nitrate is known to be quite dangerous, and as a … Read more

Trucking Insurance Coverage – What Exactly do You Need?

So you’ve decided to start your own trucking company. What now? What insurance coverages do you need? If you have a good independent insurance agency on hand, like us, you can call your agent to get these recommendations, but if you do not, here is a list of what we usually recommend to our clients. … Read more