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Ins & Outs of Personal Trailer Insurance

Ins & Outs of Personal Trailer Insurance

There are few things more handy that a utility trailer. You purchase an inexpensive one, attach it to the ball hitch on your personal vehicle and then you’re free to haul things to your home, away from your home, and around the country. But where does insurance for that trailer come in? If it hits someone or something while you are towing it, where is the coverage? If the trailer itself is damaged, is there coverage for that? You have questions, we have answers. Liability May Be Automatic The ISO Personal Auto Policy (PP 00 01) describes covered autos to include “any ‘trailer’ you own”. As long as your personal trailer is attached to your personal vehicle, liability insurance coverage is typically extended to the trailer attached to or being towed by the insured vehicle. In fact, many of the exclusions applied to liability coverage for personal vehicles do not apply to trailers within the coverage form. Check your policy or speak with your broker to verify coverage, as some policies may exclude this coverage as a cost-saving measure. Physical Damage To Trailers Isn’t Covered While auto liability coverage does extend to an attached trailer, physical damage (also known as comprehensive and/or collision coverage) does not automatically extend to the trailer. In fact, the personal auto policy specifically excludes this coverage with the following wording: We will not pay for: 7. Loss to: a. A “trailer”, camper body or motor home which is not shown in the Declarations; or b. Facilities or equipment used with such “trailer”, camper body or motor home. In many cases this coverage may not...
Business Owners Package Insurance

Business Owners Package Insurance

As the owner of a small or medium sized business, you want to concentrate on growing your business. What you don’t want to worry about is insurance. For many main street type businesses, Hayes Brokers has one insurance policy to cover your two main concerns: property and liability. It is called a Business Owners Package (BOP) and it includes the property (hazard) and liability (casualty) that you know you need, plus a few extras that you may not know you need until it’s too late. Advantages of a Business Owners Package When you purchase most or all of you insurance coverage through one insurance company, you often get discounts. A BOP combines two of your main policies at a lower price than two separate policies. This means there are less policies to worry about, and only one premium payment to make. Some advantages of BOPS are: Less expensive that stand-alone policies. Include coverage you may not have considered. Include additional sublimits not contemplated under a monoline policy. One insurance company, one payment. BOP Bells & Whistles Some BOP policies include coverage that is more broad in scope or not as readily available on a monoline policy. These may include: Business Income & Extra Expense: Actual Loss Sustained (instead of a stated limit) Equipment Breakdown Ordinance or Law Property Under Your Care, Custody and Control Employee Benefits Liability Hired & Non-Owned Auto Liability Blanket Additional Insured Blanket Waiver of Subrogation Built In Umbrella Coverage Some insurance companies even have special BOP packages for certain types of business such as pool contractors or beauty salons. These policies include coverage specific to...
Discrimination and the Sharing Economy

Discrimination and the Sharing Economy

The United States has, over many decades, grappled with discrimination issues. The current social and political climate with regard to racial discrimination, age discrimination, gender identity, and even sexual orientation only seems new because the media and the Internet make it seem so. Earlier this year a transgender woman was denied a room by an Airbnb host. A blind woman with a service dog was denied a ride by an Uber driver. Fortune.com recently wrote about all forms of discrimination in the sharing economy. There is a murky line between federal anti-discrimination laws such as the Civil Rights Act of 1968 and the rights of private citizens to decide with whom they will interact.  Cases are making their way through various state and federal jurisdictions trying to determine where one person’s rights end and another’s begin. Despite the unanswered questions of legality, lawsuits on the topic are being filed every week. If you drive for a ridesharing service or list your home on a homesharing site, this is what you need to know about insurance coverage in the event of a discrimination claim. Auto Insurance & Discrimination Is there coverage for discrimination on your auto insurance policy? This one has an easy answer: there is no coverage for discrimination under the Personal Auto Policy (PP0001). The liability portion of the policy states it will pay for bodily injury claims as the result of an auto accident and does not contemplate non-accidental injury. In additional, there is an exclusion for intentional injury, as well as the standard exclusion for injury caused by vehicles being used as livery or public conveyance....
The Peril of the Attractive Nuisance

The Peril of the Attractive Nuisance

The pretty fountain you installed to make your property more attractive. The old car you’ve been meaning to have towed away. The swimming pool you worked hard to afford for your family to enjoy.  All of these may be considered “attractive nuisances”. If you think that sounds like a bad thing, you would be right. So what is an attractive nuisance, what are the consequences of having one, and what can you do about it? What Determines An Attractive Nuisance An attractive nuisance is something that may exist on your personal or business property. It is usually an artificial object, and may have gone unnoticed by you because it has become part of the landscape. Children can always spot an attractive nuisance. They look at the world with different eyes, and a hole in the fence may become the gateway to a different world. An abandoned chest freezer may become a rocket ship. A swimming pool looks inviting on a hot day. As a legal definition, the Attractive Nuisance Doctrine has 5 parts: You know there are children around who might trespass on your property. You know children may be at risk of injury if they enter your property. The children are too young to recognize the risks posed by being on your property. You can fix the problem for a reasonable cost. You have done nothing to fix the problem. When these 5 conditions exist, the landowner is considered legally liable for the injury or death of a child on their premises. The state of California did away with the Attractive Nuisance Doctrine in 1970, but replaced it...
5 Things You Need to Know About Insuring Your Business

5 Things You Need to Know About Insuring Your Business

Just about the last thing on anyone’s mind when starting a new business is insurance. When you do think about it, the words “expensive” and “complicated” probably come to mind. Who needs that hassle? In short: you do. Protecting yourself and your investors should be at the top of your list! Here is some handy, yet simple information that will help you understand what insurance is and why you need it. Premises Liability Any time anyone steps out of their vehicle in your parking lot or walks through the doors of your establishment, you run the risk of being sued. Slips and falls can occur on the most well-kept of premises. Injured patrons of your establishment might consult a lawyer to determine how much they can get for their medical bills, pain and suffering. Personal injury claims are expensive: from the legal fees (their and yours) to the awards (if any). A premises liability policy offers compensation for legal expenses and awards that might otherwise come out of your own pocket. If you are leasing the premises, your landlord will most likely require that you have this coverage before you can even move in. He might even require that your policy name him as additional insured. This will provide coverage to the landlord in the event someone is injured on the property that you occupy and are required to maintain. Another good reason to purchase this coverage is that your landlord’s insurance policy, if he has one, isn’t going to cover you. Contents/Property Coverage Property insurance is something you are probably considering, if only for the coverage it provides...