Water claims under personal or business insurance contracts can be confusing and easily misunderstood, and standard insurance does not cover everything. Protect your home from water damage and make sure you have the insurance coverage and endorsements that can make a difference to the financial health of your family or business.
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For prominent and wealthy families, personal security and safety have always been a top concern. But too often, addressing family security comes after a triggering event. Having a proactive plan that views family security as part of a total risk management strategy will mitigate and reduce preventable crimes. The approach should include protecting the three gates of private life—the physical, digital, and social.
The question of how to structure a trust is of increasing importance, particularly in light of recent trends, including the expected ruling in North Carolina Dept. of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust. One key decision that families and their advisors have regarding long-term trusts is whether to establish a single pot trust for the entire family of a trust with separate shares for each family line. And, while Kaestner is centered on the state taxation of trusts, key considerations on how to structure a trust go well beyond taxes.
Estate planners and advisors will need to contemplate the political climate in an election year, particularly given certain political opposition to the extensive changes made by the Tax Cuts and Jobs Act of 2017.
The average household leak can account for nearly 10,000 gallons of water wasted every year, according to the Environmental Protection Agency. The good news is that water damage losses can be prevented or easily mitigated by installing water detection devices in your home.
When winter sends an arctic blast across much of North America, home and business owners can increase monitoring to prevent damage from frozen pipes. Follow these tips to prevent your pipes from freezing in the winter, and learn what to do if you experience a frozen pipe.
In this collection of insights and ideas, learn about the strategies for managing and leading through the COVID-19 crisis. The insights will help you lead through and beyond the crisis, dealing with the immediate issues and looking toward the opportunities for recovery. Topics include leadership, cost optimization, virtual learning, talent management, career transition, sales effectiveness, rewards and benefits, and change management.
It is an unfortunate reality that in trying times some people will attempt to take advantage of situations for personal gain. Be alert to scams including (1) phishing emails that purport to provide help or solutions to the coronavirus/COVID-19 situation, but are actually intended to induce a click that leads to ransomware, (2) price gouging, and (3) fake charities.
In light of COVID-19 and state and local stay-at-home orders, many businesses have greatly increased the number of remote workers. Firsttime remote workers—and some seasoned remote workers—need to be aware of hidden pitfalls in the gadgets and apps they are using while working from home.
By governmental command or voluntary decision, businesses of all kinds have been altering or limiting operations or closing their doors entirely. Often the business decisions are made apart from any thought of the potential insurance implications. In particular, businesses with commercial property insurance policies may not have been considering whether business interruptions coverage would apply. There are steps that businesses can take now to best position themselves to preserve whatever coverage they have.