Insurance
New Business Laws for 2022
Probably due to the pandemic, the Illinois Legislature passed few laws important to business in Illinois and effective January 1, 2022. They include: Increasing the minimum wage to $12.00 per hour; Making non-compete agreements generally not enforceable against...
Protecting Your Child Away at College
The Health Care Insurance Portability and Accountability Act (HIPAA) and other privacy laws can prevent parents from access to health, financial, and academic information regarding their child in college, even if they are paying the bill. This could hamper your...
Cyber Liability Insurance
The increased reports of cyber-attacks, either for ransom or other mischief, induced many insurance companies to offer cyber liability insurance policies to protect businesses from liability as result of unauthorized hacks or information disclosures, and some even...
Distressed Business Owners Beware
While operating your business as a corporation or other authorized business entity provides owners, officers, directors, and employees with limited liability protection, once the business is suffering from financial distress or becomes insolvent, that protection is in...
Property Damage Insurance Claims
Whether the property damaged is personal or business related, you could lose insurance coverage or protection by failing to give timely or proper notice of the claim. Some issues to consider in submitting your claim to your insurance carrier include: Contact your...
Reservation of Rights Letters – When the Insurance Company Denies Coverage
In response to an insurance claim you may receive a Reservation of Rights Letter from your insurance company stating it believes that there is no insurance coverage or duty to defend you for the claim, but that it will continue to defend you during the time if its...
Business Insurance
With more than half of small businesses being unable to recover after a substantial financial loss, many owners turn to business insurance to insulate their businesses from catastrophes, substantial liability claims and personal liability for business loss. Some of...
What Insurance Your Business Needs
Any business with value and any business owner with a personal estate should have appropriate business insurance. A competent and trusted insurance agent or broker is critical in obtaining proper insurance from proper companies in proper amounts addressing the...
