What Does A Loss Payee On An Insurance Policy Mean?
Are you wondering what does a loss payee on an insurance policy mean? We can help. So you may be googling what does a loss payee on an insurance policy mean? This is why we wrote this post. A loss payee is a person or entity that is entitled to all or part of the […]
Meteor Insurance Coverage Info | ALIGNED Insurance
Meteor Insurance Explained The internet, social media and news outlets are a buzz with pictures, videos and chatter about a meteor sighted in Southern Ontario on Sunday May 4, 2014. This has left many people wondering does our business insurance cover us for damage caused by a Meteor? Contact an ALIGNED Insurance Advocate or connect […]
Key Man Insurance: Is the ALIGNED Term Of The Day
Key Man Insurance Def: Key Man Insurance is owned by a business entity on the life of a key individual that will, in the event of his or her death, offset a loss in earnings and provide the funds necessary to find, hire, and develop a replacement. Key Man Insurance is designed to offset losses resulting from […]
Inside Directors: Are They Covered By Board Insurance?
Inside Directors Def: Members of a corporate board of directors who are also employees of the corporation. Usually, a corporation’s chief executive officer (CEO), chief operating officer (COO), and chief financial officer (CFO) are members of the corporation’s board and are therefore considered inside directors because they are also employees. In contrast to inside directors […]
Are Canadian Anti-spam Law (CASL) Penalties Insurable?
Canadian Anti-spam Law In a recent article entitled Canadian anti-spam law penalties, agency track records increase focus on compliance by July 1, 2014 in-force date, authors Theodore Ling, Arlan Gates and Lisa M. Douglas of Baker & McKenzie notes that that the new Canadian Anti-spam Law (CASL) is one of the toughest anti-spam laws in the world. This […]
Prevent Host Liquor Liability | ALIGNED Insurance
Host Liquor Liability Def: Host Liquor Liability is liability insurance for bodily injury (BI) or property damage (PD) arising out of the serving or distribution of alcoholic beverages by a party not engaged in this activity as a business enterprise. Host liquor liability exposures are insurable under standard general liability(GL) policies. Some Host Liquor Liability Risk […]
What is Employment Practices Liability (EPL) / Wrongful Dismissal Insurance?
Q: What is Employment Practices Liability (EPL) / Wrongful Dismissal Insurance? A: Employment Practices Liability (EPL) / Wrongful Dismissal Insurance is protection against allegations of errors and omissions and “wrongdoing” in the management and administration of human resources (HR), it can be best described as a “HR malpractice policy”. Employment Practices Liability (EPL) Insurance is specifically […]
