Harden Your Cyber Defenses Immediately, White House Warns Private Sector
Posted: March 25, 2022
In a March 21, 2022 statement, President Joe Biden cautioned businesses in the private sector to harden their cyber defenses, reiterating earlier warnings related to potential cyberattacks against U.S. organizations by Russia. “I have previously warned about the potential that Russia could conduct malicious cyber activity against the United States, including as a response to the unprecedented economic costs we’ve imposed on Russia alongside our...
5 Reasons Design-Build Contractors Need Contractors Professional Liability Insurance
Posted: August 13, 2020
Design-build contractors typically subcontract the design of a project to a 3rd party A/E firm. Many do so with the misconception that the A/E firm’s professional liability will fully protect them in the event of a claim arising out of their professional services. Here are 5 reasons why they can’t and need to obtain their own Contractors Professional Liability (CPL) coverage. Professional liability policies are...
Workers Comp Premium Calculation Change Due to COVID-19 Crisis
Posted: May 19, 2020
Important news for any business that has furloughed employees during the COVID-19 crisis, yet has continued to pay them while not working: National Council on Compensation Insurance (NCCI) has proposed a temporary rule change to allow those payments to be excluded from premium calculation provided the employer keeps "separate, accurate, and verifiable records." Those payments would also be excluded from the experience modification...
Why Business Income Losses Associated with Coronavirus Are Largely Uninsured
Posted: March 9, 2020
Even before the recent news of the first confirmed cases of COVID-19 (coronavirus) here in Montgomery County, MD, local businesses both large and small had already felt, in one way or another, the virus’s impact. As an insurance agent specializing in small to mid-sized business property & casualty coverages, I’m fielding more and more questions from concerned clients wondering how their insurance policies may respond...
C. Clifton Veirs Agency selects Continuity Dynamics and Stay In Business for Business Continuity Planning to complement Disaster Recovery Backup
Posted: May 30, 2017
For Immediate Release May 30, 2017, Rockville, MD – Veirs Insurance, an independent property, casualty, life and surety agency serving the Greater Washington, DC Metro Area, has concluded a partnership agreement with Continuity Dynamics, Inc., a national risk and disaster preparedness firm, to deliver solutions to complement their clients' Disaster Recovery data backup with Business Continuance Planning. This cost effective, yet essential, solution will...