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Showing posts from April, 2022

Does Home Insurance Cover Working From Home?

  According to Randon Morris, working from home has lots of benefits, like working at your own pace with less pressure. But the question is, will a remote work affect the homeowner’s insurance? Let us look at the different analyses that will throw more light on the issue. Randon Morris says When you work remotely, your house insurance may be affected depending on the magnitude of the remote work. If you’re the sole owner of the firm, your company is not protected by your primary house insurance policies. You need to include additional coverage to your existing insurance. But once you are a remote worker(fulltime), you’re likely to get coverages on losses relating to businesses. According to Randon Morris, this, however, has its limits. Therefore, it is advisable to consult your insurance officers on the magnitude of your house insurance policies. Discuss your remote employment contract with your firm’s management board. Questions to ask yourself before getting an insurance Did they...

D&O Insurance Coverage for Nonprofits

  D&O insurance is the common name for Director and Officers insurance coverage. This type of insurance coverage helps to cover settlements, legal expenses and any wrong allegations against a nonprofit organization. It protects directors and Officers of nonprofits against any violation of duty. According to Randon Morris, it will be wrong to believe that D&O insurance coverage is only for big nonprofit organizations. The reason is that directors and officers of nonprofit organizations have the possibility of being exposed to personal liability irrespective of the organization's size or type.    In most cases, directors and officers of nonprofit organizations don't have enough experience and at times they don't have a vast knowledge of their responsibilities and duties regarding the organization they serve. Directors and officers of nonprofit organizations need to know that the Federal Volunteer Protection Act doesn't cover all their actions. This means ther...