Everyone knows the fine print matters, but it is especially important when it comes to the additional insured endorsements sometimes requested by partners. Clauses requiring such endorsements can be expensive in ways insureds may not realize. Understanding the hidden costs of an additional insured endorsement can keep an insured from unfairly paying for another’s mistakes or unintentionally elevating insurance costs. Contractual provisions requiring additional insured endorsements can vary, and the differences can make a world of difference.

Risk isn't static. Strategies that worked well in the past may no longer fit an organization's evolving risk profile. That's particularly true for workers' compensation. Claims costs continue to rise, driven by medical inflation and legal and social trends. Today, businesses and municipalities that have long self-insured their workers' compensation programs face challenges obtaining excess coverage at their planned levels, exposing them to bigger claims. An innovative program can bridge those gaps and stem growing financial exposures as long-tail claims develop over time. Working with a specialist with deep knowledge of the markets and access to these special programs can help build an effective workers' compensation program that protects employees and the organization.

Skyrocketing premiums are impacting both integrators and their customers. Why and how did the cyber insurance market harden overnight? That is a question many businesses are pondering as they are running into seemingly brick walls at their renewals. Having already been battling hard markets in other lines of insurance over the past few years, cyber premiums increasing significantly had not been an issue until recently. This is in addition to potentially reduced limits and coverage.

Norman-Spencer Real Estate is proud to provide you with industry leading Real Estate Errors and Omissions insurance coverage.