The latest insurance articles, insight, and news from Armada Risk Partners.
A certificate of insurance is a document that verifies you have insurance coverage, and condenses all the key information about your program (policy numbers, effective dates, names of the insured, types and limits of your coverage, etc.) into an industry standard form.
Professional liability coverage — often referred to as Errors & Omissions insurance — is a specialty coverage for various professions that provide expert services and therefore are held to a higher standard of care in their industry. If your business performs a service or provides advice for a fee you may have a professional liability exposure.
March 23, 2010 marked the adoption of the Patient Protection and Affordable Care Act (PPACA), now better known as the Affordable Care Act (ACA) or Obamacare. For the medical insurance community and American citizens, it was a date that would entirely upend the understanding and implementation of medical insurance for both corporate America and individuals buying medical insurance.
All rental car companies offer you the option to purchase their insurance coverage – or what they call a Loss Damage Waiver (LDW) – when renting a car. Most people decline coverage as it can be quite expensive and they generally assume their personal auto insurance will cover them. Unfortunately, this is not always the case.
President Donald Trump recently signed an executive order and three memorandums to address pandemic relief in response to the ongoing impact of the coronavirus (COVID-19) pandemic. After negotiations for a relief package between the White House and lawmakers collapsed, the executive actions extend pandemic unemployment benefits, student loan payment deferrals, eviction protections for renters and payroll tax cuts.
At Armada Risk Partners, we are always evolving. We may not always know all the answers, but we know where to find them — for ourselves and our clients. And this once-in-a-century pandemic we’re now experiencing has made that learning orientation — and ability to be extremely flexible — all the more crucial.
It’s a truism of business that organizations that add the most value for their clients and other stakeholders tend to thrive. But when it came to a once-in-a-century pandemic, all bets were off for us in the early going. After all, there was no playbook for how to respond to a global pandemic sitting around on our shelf. So we decided to make one up as we went.