Directors & Officers Insurance – For Profit & Non-Profit


Directors & Officers (D&O) Insurance provides protection against a breach of duty by the directors and officers of a private company or a non-profit organization.  It pays for actual or alleged wrong decisions referred to as wrongful acts in the policy.  Each insurance carrier will define their coverage differently in their coverage form. 


Last Minute Settlement Talks Prior to Today’s BP Trial on 2010 Oil Spill


Federal officials and officials from the Gulf Coast states (Alabama, Florida, Louisiana, Mississippi, and Texas) affected by the oil spill in 2010, met Saturday to attempt a last minute settlement in the case before the civil trial that begins today.  The Justice Department and the five states prepared an offer to resolve the two biggest issues,


Texas Engineers Drop Out of Texas Windstorm Association Certification Program


Recently passed legislature requires engineers to participate in an online course in order to renew their certification or become newly certified.  In order for structures to be insured by the Texas Windstorm Association, they must be windstorm certified by an engineer.  This new legislation resulted in hundreds of engineers dropping out of the program. 


Employment Practices Liability – Why a Business Needs It


Employment practices insurance provides liability protection for an employer against claims made by employees, former employees, or potential employees.  It covers discrimination, wrongful termination, sexual harassment, and other employment-related-allegations.  It provides coverage for the firm and the directors and officers.  

What are the covered acts?

It pays damages and defends an employer when allegations of discrimination,


Why You Need Identity Theft Insurance – A True Story from a Victim

Zane Purdy’s finances and career were ruined by a tax fraud ring.  He was making over $100,000 a year with a defense contracting company at the time his identity was stolen.  He lost his job because it required top secret security clearance.  He could not maintain this clearance after his identity was stolen because his credit was ruined. 


Personal and Advertising Injury Coverage

Personal and advertising injury insurance is usually part of a commercial general liability policy.   In addition, the coverage can be located under a commercial umbrella policy or a commercial excess liability policy only when you have an underlying general liability policy, and when the underlying policy provides advertising injury coverage.    If you’re a business with primary operations in media or internet,


Proudly Offering Chartis Insurance Group!


Baty & Associates, LLC proudly offers Chartis Insurance Group, for our Private Client Group.  Chartis is a financailly strong company with an A XV rating by A. M. Best (credit rating company dedicated to the insurance industry).  Chartis understands the homeowner’s risk and offers an extensive broad coverage for suburban homes, coastal getaways,


Commercial Flood Insurance – What Businesses Need to Know


Commercial flood insurance, also known as business flood insurance, provides physical damage coverage for buildings and contents of business owners.  Business flood insurance can be obtained through the national flood insurance program.   The highest limits available are $500,000 for a building and $500,000 for contents.  The property is covered on an actual cash valuation basis (replacement cost less depreciation). 


Elements of a Commercial Auto Policy

There are many elements of coverage that make up a commercial auto policy.  These elements include:  liability, hired and non-owned auto liability, personal injury protection or medical payments, uninsured and under-insured motorist, physical damage, hired car physical damage, and rental reimbursement.  Although all the commercial auto coverage elements are not a requirement, it’s important to know what they are and what they cover. 


Understanding Your Personal Auto Policy

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The personal auto policy has various coverage components.