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Amity Insurance Newsletter – April 19, 2012

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Featured Articles

Homeowners Insurance & Lawsuits
Although many people assume America's wealthiest families have nothing to worry about, they do have to worry about being targets of significant liability lawsuits. The high unemployment rates and unsteady economy have contributed greatly to these realistic fears. Unfortunately, many wealthy families do not have ample protection against such lawsuits. They also underestimate the cost of potential damages and how affordable protection is in comparison with those damages...More>>

Do You Need an Umbrella? Here Are Some Things to Consider
Standard auto, homeowner's and boat insurance policies cover liability a person may have for injuries or property damage suffered by someone else. Insurance companies design them to cover accidents for which the insured person may owe tens or even hundreds of thousands of dollars. However, sometimes the person may be responsible for an accident so catastrophic that the damages are $1,000,000 or more. To cover financially devastating events like these, insurance companies offer personal umbrella policies. These policies provide additional protection when an accident uses up the amounts of insurance provided by the other policies. They may also cover some types of losses these other policies do not cover...More>>

Workers' Compensation Experience Rating
How does safety pay dividends to the business owner? Time and resources spent on developing a culture of safety repays the business in the long run. Safety cultures rely on reducing the number of workers compensation claims, in return, the odds of a disastrous claim are reduced...More>>

Insurance May Not Cover Faulty Work
When accidents happen on construction sites, the result usually involves property damage. Faulty wires cause fires, which burn the walls. Collisions often put dents in expensive equipment, and paint may be inadvertently sprayed onto nearby cars. If such incidents occur, the contractor must look to his or her general liability policy to compensate for damages. Although the CGL policy covers several types of incidents, not every situation is covered...More>>