Zolofra Insurance

Welcome

admin — Mon, 07 Jan 2013 22:48:19 +0000

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admin — Mon, 07 Jan 2013 21:51:21 +0000

What Are Some of The Highlights of Lawyers Liability

admin — Mon, 07 Jan 2013 14:32:33 +0000

Lawyers Liability Features & Highlights

Carrier rated A- “Excellent” XI by A.M. Best & Company
Program limits of liability up to $5 Million, higher limits may be available per carrier
Several deductible options available, including zero dollar and aggregate deductibles
Claims expense outside the limits available for most classes
Claims made & reported, pay on behalf & duty to defend policy form
Prior acts coverage
Coverage provided for independent contractors and “of counsel”
Broad definition of professional legal services; includes notary public, title insurance agent, publication or presentation of research papers or similar materials
Coverage extension for lawful spouse, domestic partner, estate and legal representative
Predecessor firm coverage included
Innocent insured coverage
Worldwide coverage
Automatic 60 day extended reporting period from termination of policy
Optional extended reporting options for 1 year, 2 years, 3 years, 5 years and unlimited
Free extended reporting related to death, total & permanent disability in addition to retiring attorneys if insured continuously for 3 years with carrier

Who Needs Workers’ Compensation?

admin — Mon, 07 Jan 2013 14:30:03 +0000

Who Needs Workers’ Compensation?

Employers in all states except Texas and New Jersey are required by law to have workers’ compensation insurance. And in New Jersey, employers that do not have workers’ compensation coverage can suffer penalties so severe that the obligation is optional in theory only.

Each state sets its own benefit levels, so coverage does not differ among various workers’ compensation insurers within a state.

In North Dakota, Washington, Wyoming and Ohio only the state can sell workers compensation coverage.

Several states operate a worker’s compensation fund that serves as a workers’ compensation insurance company for employers in the state. These funds are available to ensure that workers’ compensation insurance is available to all employers in the state, even those that may have difficulty buying coverage from a commercial carrier.

Insurance History: Year of the 1st Fire Insurance Policy in the U.S.

admin — Fri, 01 Jan 1751 12:00:32 +0000

On our side of the pond, Benjamin Franklin helped pioneer the concept of fire insurance through his Philadelphia Contributionship, allegedly stating that “an ounce of prevention is worth a pound of cure.” This was also the guy who said “A penny saved is a penny earned.”

The Contributorship, as is now its common reference, was a proactive insurance carrier refusing to provide coverage to houses and other structures that were not constructed according to strict building standards. During the British occupation of Philadelphia in 1777, the Contributorship hired a chimney sweep to maintain the chimneys of insured houses that were still occupied by the insureds

Insurance History: Year of the 1st Fire Insurance Contract

admin — Fri, 01 Jan 1666 12:00:17 +0000

The spark for insurance against natural disasters came when Nicholas Barbon, reacting to the great London fire of 1666, created the first fire insurance company.

Insurance History: Year the 1st Insurance Contract was signed

admin — Wed, 01 Jan 1343 12:00:14 +0000

The very first insurance contract was signed in Genoa, Italy, in 1343. Its principles were similar to ancient Babylonian ones — merchants could take out loans guaranteeing safe arrival of shipments — only now the agreement was inked and ironclad. It seems many merchants had discovered the hard way that shouting “liar, liar, pantaloons on fire” failed to guilt cheating lenders.