Industry experts annually examine what outside influences and trends have the greatest impact on the market. This information is important, as it outlines key risks for both insurers and organizations to watch as the year progresses.
On April 30, 2018, the Occupational Safety and Health Administration (OSHA) announced it will require all establishments affected by the electronic reporting rule to submit their 2017 data to OSHA by July 1, 2018.
The European Union’s (EU) General Data Protection Regulation (GDPR) comes into effect on May 25, 2018, and gives EU citizens more control over their personal data. However, U.S. businesses must also comply with the rule if they control or process any EU citizen’s data. Businesses that don’t comply with the GDPR could face substantial fines, sanctions and other penalties.
Chris Tallcouch, CIC of Tooher Ferraris Insurance Group was recently recognized for professional leadership and advanced knowledge by the Society of Certified Insurance Counselors (CIC), a leading national insurance professional organization.
Mr. Tallcouch was awarded a certificate marking more than twenty-five years of participation as a designated CIC, which requires annual completion of advanced education and training. As additional recognition for this service and achievement, he has been granted the status of “Tenured CIC” by the Society.
What You Don’t Know Can Hurt You
- Theft of personal property may be excluded.
- Bodily injury and/or property damage that occurs during a short term rental could result in a denied claim.
- Tenant use of recreational vechicles, boats and/or automobiles that result in a claim against you may be denied coverage.
Contact the Tooher-Ferraris Insurance Group and one of our insurance counselors will review your current insurance to make sure that you are properly covered as well as design an insurance program that will improve your coverage and reduce your cost.