OAMIC Resources

Understanding Your Workers Compensation Policy

Understanding Your Workers Compensation Policy

Most people are familiar with workers compensation coverage and what it commonly covers: benefits or lost wages resulting from an injury or disease sustained while performing work related duties. This part of your workers compensation insurance policy is generally referred to as “Part One,” “Part A” or “Coverage A” – the part that covers the […]

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Cyber Coverage

Cyber Coverage: Higher Limits in High Demand

I know from many phone conversations that many of our insureds are becoming more aware of cyber coverage. We also certainly see more interest in increasing the limits from the $100,000 aggregate we include by endorsement to all our lawyers professional liability (LPL) policies. It is correct to ask, and to examine the cost involved. […]

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Analytics Blur Close Up

What Do ‘Earned’ and ‘Unearned’ Premium Mean?

Just like with the practice of law, the insurance industry seemingly has its own language. If you don’t work in insurance, it can be confusing – and even frustrating – to not understand the product you’re purchasing. To alleviate this, we’ve covered phrases like “claims-made policy,” “split limits” and even the name of the product itself. […]

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Crutches

Do I need a workers compensation policy?

Do I need a workers compensation policy? A brief history of workers compensation insurance Before workers compensation insurance statutes were adopted by most states, injured workers could sue their employers to recover medical expenses, lost wages and other damages resulting from work-related injuries. Employees first had to prove the negligence of their employer in a […]

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desk

Do I Need an Office Package Policy?

Do I Need an Office Package Policy? Suppose a delivery person is bringing food to one of your employees, and he slips and falls on ice or the stairs on your property. You have enough money to replace the food, but do you have enough money set aside for liability resulting from broken bones or […]

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What is Cyber Liability Insurance & Do I have It?

What is Cyber Liability Insurance & Do I have It? You know cybersecurity is important. We know you know cyber security is important. It feels like the whole world preaches the importance of cybersecurity because – well – it’s important. But although it’s vital for everyone, it’s even more so for law firms because they […]

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Missing puzzle piece

PHIL’S CORNER: Completing the Firm’s Insurance Needs

PHIL’S CORNER: Completing the Firm’s Insurance Needs Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. No big surprise that professional liability insurance is the biggest need for law firms, since it represents the largest exposure for lawyers, as well as other professions […]

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PHIL’S CORNER: Business Interruption Coverage – The Battle Royale

PHIL’S CORNER: Business Interruption Coverage – The Battle Royale Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. When “sheltering-in” first began, I wondered how long it would take for questions to arise about whether COVID-19 triggered Business Interruption (B.I.) coverage within property policies. It didn’t […]

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