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Saving Water Damaged Property

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Salvage experts, property specialists, and government agencies advise that quick action is critical when dealing with water-damaged property. Many types of personal property can be saved within 48 hours of being exposed to water.

Warning 
Water damage property may be insure. You are not. Safety first.
What’s in the water

Before trying to save property, make sure that YOU are safe. Flooded buildings can be hazardous. Make sure that there is no danger of electrocution by turning off power and avoiding fallen utility lines. Do not come in contact with water containing sewage and make sure the floor, ceiling, and wall support pose no danger.

Tips On Handling Personal Property

Photographs – Remove from plastic/paper enclosures or frames; carefully rinse with cool, clean water; DO NOT touch or blot surfaces. Air dry, hang with clips on non-image areas, or lay flat on absorbent paper. Keep photographs from contact with adjacent surfaces or each other.

Paintings – Remove from frames in a safe, dry place. Do NOT separate paintings from their stretchers. Keep paintings horizontal and paint-side up with nothing touching the surface. Avoid direct sunlight.

Books – If rinsing is necessary, hold book closed. If partially wet or damp, stand on top or bottom edge with covers opened to 90° angle; air dry. If very wet, lay flat on clean surface; interleave less than 20% of book with absorbent material; replace interleaving when damp.

Paper – Air dry flat as individual sheets or in ÂĽ” or smaller piles, with absorbent paper placed between each wet sheet (interleaving). Do not unfold or separate individual, wet sheets. Keep coated papers wet by packing in boxes lined with plastic garbage bags; freeze (maps or manuscripts), sponge water out; pack loose flat sheets in flat boxes or plywood covered with plastic sheets. If there are too many items for air drying, interleave (by groups or individually) with freezer or waxed paper; pack papers or files, standing up in sturdy containers; pack containers only 90% full and freeze.

CDs, DVDs – Remove from cases and bathe in clean distilled water, dry with lint-free towels and insert into new casing and copy.

Clothing/Fabrics – Brush off all loose, dried dirt. Rinse thoroughly in cold water as soon as possible until as much mud as possible is removed. Repeat if necessary. Do not use hot water as it sets stains from red or yellow clay. Machine wash when no more dirt can be rinsed out.

Wood Furniture – Rinse/sponge surfaces gently to clean, blot, and air dry slowly. If any painted surfaces are blistered or flaking, air dry slowly without removing dirt or moisture. Weigh down or clamp veneers in place while drying; separate weight from veneer with protective layer. (Finishes may develop white haze; treat later with wood cleaning product.)

Upholstered Furniture – If antique or VERY valuable, get professional estimate on cleaning/restoring.

Metal – Use gloves to handle, rinse/sponge and blot metal object, air dry. If object has applied finish, do not clean. Air dry; keep flaking surfaces horizontal.

Leather (including shoes) and Rawhide – Rinse/sponge with clear water to remove mud, drain and blot to remove excess water, pad with toweling or unlinked paper to maintain shape, air dry. Manipulate tanned fur skins during drying to keep skins flexible.

Baskets – Rinse, drain and blot to remove excess water, stuff with clean paper towels or cotton sheets to retain shape and absorb stains, cover with clean towels and air dry slowly, regularly changing blotting material.

Be Practical and Prioritize

Often it is impractical or impossible to try to save everything, so prioritize. Work on the property that is MOST important to you and that is most vulnerable to permanent damage. One practical consideration is to forget about fully upholstered furniture and mattresses. Such property is usually impossible to properly dry and is often contaminated.

COPYRIGHT: Insurance Publishing Plus, Inc. 2014

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without the written consent of Insurance Publishing Plus, Inc.

TruePoint Insurance Group, LLC

6287 Taylorsville Rd.

Fisherville, KY 40023

(888) 706-5423

TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Child Passenger Safety

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Here are some tips on protecting children, the persons most vulnerable to injuries during car accidents.
Child Restraint Laws
While you might think it would be safe to comply with your state’s child safety or restraint law, we have a surprise for you. A National Safe Kids campaign review of state child restraint laws found many to be inadequate. Existing restraint laws:
Include penalties for violations that are too minor to encourage compliancerarely establish restraint guidelines for children older than eighthave too many vehicle or use exceptionstypically do not offer child-seat loaner or assistance programs
How Are Children Best Protected?
Here are some considerations for protecting young auto passengers:
Infants-Should be in well-constructed and padded infant carrier that should be located in a rear seat. Infant seats should be designed to face the rear of the seat and NOT the front of the passenger area. Infants must be protected from the chance of being thrown forward into hard surfaces.
Toddlers-Should be in well-constructed, padded child carriers that, while facing forward, should only be placed in the rear passenger seats. Again, this is to minimize the chance of hitting hard surfaces (such as a dashboard or a windshield) and to avoid air bags that are designed to protect adults.
Pre-schoolers-May transition from child carriers to well-constructed and padded booster seats. The purpose of boosters is to make sure that seat belts fit properly. As with child carriers, these restraints should be installed in rear passenger seats.
Older children-Around age 12, it should be safe to allow children to ride in a car’s front seat. HOWEVER, the age guideline assumes that a child has become tall and heavy enough to be properly secured by regular restraints. Be careful that shoulder straps either fit these children properly or are properly tied-down so they don’t represent a hazard. Also, be realistic. Age is a secondary consideration to body size. If a child’s small build results in a poor fit for regular seat belts and shoulder straps, continue placing the child in the rear with a secure seat belt.
A disconcerting fact from the National Safe Kid campaign survey is the high incidences of children who are allowed to ride in cars without restraints or while improperly secured. This sad fact results in hundreds of thousands of serious injuries and deaths. Every passenger in a vehicle should use restraints that are appropriate for his or her age and size. Don’t depend on a law; depend on what’s needed to keep everyone safe.
COPYRIGHT: Insurance Publishing Plus, Inc. 2014
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Summer means backyard grilling-safely!

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Just like hamburgers and hot dogs, a sizzling grill is a symbol of summer and grilling isn’t just about great food. Backyard barbecues often create treasured memories with friends and family.
Keep in mind, however, that when you grill, you’re literally playing with fire. Thousands of residents each year learn this the hard way, suffering damage to their homes or even serious injuries in grilling accidents.
There’s good news, though: You can prevent grilling accidents by taking some simple precautions. The tips below can help ensure you cook only your burgers — and not your house — the next time you fire up the grill.
TIPS FOR ALL GRILLS
Your grill, whether gas or charcoal, should be on a level surface outdoors, away from anything that could be ignited by flames (bushes, fences, etc.).
NEVER use a grill indoors. Odorless carbon monoxide fumes could kill you.
Keep your grill clean and well-maintained. Check parts regularly to determine if replacements are needed.
Never leave a hot grill unattended or let children play near it.
CHARCOAL GRILL TIPS
From Kingsford.com
Do not add lighter fluid directly to hot coals. The flame could travel up the stream of fluid and burn you.
Never use gasoline or kerosene to light a charcoal fire.
Use flame-retardant mitts and long-handled barbecue tongs, as coals can reach up to 1,000 degrees.
To dispose of coals, allow the ashes to cool for at least 48 hours before disposal in a non-combustible container. If you cannot wait 48 hours, carefully place coals individually in a can of sand or bucket of water.
GAS GRILL TIPS
From the National Fire Protection Association
Check your grill’s hoses for leaks before using it for the first time each year. Apply a light soap and water solution to the hose. A propane leak will release bubbles. If you have a leak, and it will not stop after the grill and gas is turned off, call the fire department. If the leak stops when the grill and gas are turned off, have your grill serviced by a professional.
If you smell gas while cooking, immediately get away from the grill and call the fire department. Do not move the grill.
Do not keep a filled propane tank in a hot car or trunk. When getting containers refilled, make that your last stop before going home.
Store propane tanks in an upright position, and never indoors.
From all of us at TruePoint Insurance happy grilling, and stay safe this summer!
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Owners & Contractors Protective Liability

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Under an Owners and Contractors Protective Liability Policy (OCP), the insured (typically a property owner or general contractor) is protected against a lawsuit claiming harm or damage caused by work that an independent contractor performs for the insured. It also covers liability related to the insured’s responsibility of supervising such contractors.
A feature that makes the form unusual is that the named insured is NOT the person who buys the coverage. The buyer is the contractor. The named insured is covered for the actions of that particular contractor and also for their own acts and omissions (failure to take action) related to their supervision of that contractor.
This indirect liability involves injury or damage caused by an employee under a strict employer-employee relationship. However, under the following circumstances, the financial consequences of acts committed by independent contractors may be attributed to a property owner or general contractor:
The circumstance involves work that is inherently dangerous (such as excavation or use of explosives) The act involves duties that, under local, state or federal law, a project owner cannot delegate to others The action that causes harm or damage is the result of negligently hiring an incompetent contractor
There are no requirements concerning the type of work a named insured has hired a contractor to perform. Therefore, the insured project may be personal, farm or commercial in nature. The only requirement is that vicarious liability exists between an owner who has a contractor working for that owner or a contractor who has sub-contractors or independent contractors working on his behalf.
OCP policies have become increasingly popular for various reasons. One reason is that additional insured endorsements are becoming more restrictive. Another reason is that more insurers insist on using forms that include aggregates limits. Related directly to this reason is a growing concern that having more than one insured on a policy increases the chances of exhausting the policy’s aggregate limit.
An insurance professional would be just the person to contact to discuss this very important coverage.
COPYRIGHT: Insurance Publishing Plus, Inc.2014
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Do Renters Need Insurance?

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Why Renters Should Buy Insurance
People are renters for different reasons. Regardless whether it is because of financial necessity or a lifestyle preference, renters frequently choose not to insure for reasons such as:
Insurance isn’t necessary because there’s no home, garage or similar property to worry aboutThere’s coverage automatically provided by my landlord, host or relative with whom I’m livingI can’t afford itI don’t have enough possessions to insureThere’s little chance that anything will happen to my possessions
Busting Renters Insurance Myths
The only thing true about the above reasons for not getting renters insurance is that they can cause real misery from an uninsured loss. Renters need to consider the following:
Possessions are purchased over time. This fact makes it less obvious that a renter may own tens of thousands of dollars worth of property that needs to be insuredMany belongings are very high-value. Renters should consider what jewelry they own and pay particular attention to their electronics situation (stereos, CDs, CD players, game systems, speakers, computers, etc.) Even modest living areas can hold lots of expensive property.Renters insurance is affordable, often well under $200 per year.Insurance policies carried by landlords typically offer little or no coverage for property that is owned by tenants and guests.The same things that can damage a building can damage the property in the building, particularly natural disasters and fires; so a building’s contents are very vulnerable to loss
What about Being Sued?
Renters who don’t carry insurance should remember that they also need protection for their legal obligations to others. What if you’re on a softball team with your friends and you smash a line drive into the face of another player? Emergency treatment and cosmetic surgery is expensive.
If you rent and you don’t have insurance…then you have a very good reason for contacting an insurance professional to get you covered….now!
COPYRIGHT: Insurance Publishing Plus, Inc. 2013
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Boat Owners Coverage

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The insurance approach for covering boats and boating property is quite similar to what is used to protect cars and homes. Essentially insurance is offered on a package basis, meaning that there is coverage for physical property as well as protection against the legal and financial consequences of injuring others or damaging property that belongs to others.
Property Coverage – Typically a boatowners policy covers:
Boats – Refers to property designed to travel on water and includes sails, its permanent equipment, spars and fittings.Boating Equipment – Includes a wide variety of property that is used in conjunction with boats and it includes accessories. Items considered as equipment are property used for communication (radios), navigation, sonar, radar, outboard motors, dinghies, skis and sports equipment (recreational flotation devices) that are towed by boats and similar property. As a rule of thumb, the more related an item is to the ownership and use of a boat, the greater the justification to classify it as boating equipment.Boat Trailers – Trailers used (and designed) for transporting boats (as defined by the policy).
This property must be owned by the person who is named as the policyholder. There are limited instances when such property that is temporarily in the policyholder’s possession also qualifies for coverage.
Items and situations that aren’t covered include boating property that is used in business activity, losses that involve races or competitions (an exception is made for sailboats) and boats that are used, full-time, as residences.
Liability Coverage – Besides protecting boating property, a boatowners policy also responds to claims or lawsuits caused when another person is injured, and /or when another person’s property is damaged or destroyed. An example would be a collision where the owner of a large speedboat collides with a person on a jet ski, seriously injuring the rider and demolishing the jet ski. The policy would handle both portions of such a loss. The liability portion would also provide a legal defense against lawsuits.
Another important coverage under the liability section is medical payments. This provides reimbursement for, typically, emergency or immediate medical treatment expense. Consider a person who slips on a boat deck and needs transportation to an emergency for treatment of a broken bone or concussion. Such costs would qualify under medical payments.
As is the case with property coverage, there are liability situations that are NOT covered by a boatowners policy, including losses that involve business activity, transmission of communicable disease, unauthorized operation of boating property, intentional acts, and criminal activity.
Boating property is a substantial investment and boatowners coverage is an efficient, affordable way to guard against accidental losses.
COPYRIGHT: Insurance Publishing Plus, Inc. 2015
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Are You Liable For Summer Fun?

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Ready, Set, Summer!
Summer generally arrives with a huge surge in recreational activity. School ends and parents start searching for leisure and recreational activities for themselves and their children. The activities range from elaborate vacations or summer-long camps to simply buying play and sports equipment (or getting it out of storage) and renewing park and pool passes.
Summer Fun’s Dark Side
One thing to be aware of is that the simplest activities can go wrong. Using sports equipment such as tennis racquets, baseballs, baseball bats, Frisbees, lawn darts, or horseshoes has the potential to harm others. Danger accompanies the use of skateboards, bikes, mopeds, go-karts, and radio-controlled cars, helicopters and planes. A larger concern involves inviting friends over to use your driveway, play equipment or swimming pool. Potential liability comes from either you having fun at the expense of other persons or their property, or failing to take precautions that persons you’ve invited to your residence (or other places) are safe to enjoy themselves.
How to Preserve Your Fun
The easiest way to prepare for your summer liability is to ask the questions:
What can I do to keep other persons safe from my activities?Am I prepared to be responsible for people I hurt or property I damage?How do I make my home and yard safe for fun-seeking visitors?Am I keeping my guests to various events safe?
While accidents happen, many can be prevented by making sure that you and your children enjoy your activities responsibly. Operating bikes safely and in low traffic areas reduces the chance that others will be hurt. The proper use of games and equipment also make the likelihood of having someone injured more remote. In other words, it’s important that your family uses sports and game equipment safely and appropriately. Adult supervision is critical for potentially dangerous activities such as the use of motorized recreational equipment, trampolines, and swimming pools (including small wading pools). It’s also important to make certain that guests you invite for camping or hiking trips are watched after carefully. In many instances, you are responsible for the safety of your guests when you invite them to enjoy outdoor activities, particularly boating or other activities involving water-related equipment.
Home Inspection
Another way to reduce the chance of others being hurt is to do an inspection of your home and yard. Do you have an adequate fence (with secure or self-locking gate) to protect young children from a pool when you’re not around? Is your playground equipment well-maintained and strong enough to support the weight of the children using it? Is your yard and driveway free of tripping hazards? Are dangerous items such as tools, chemicals and lawn equipment kept out of reach of children? If you can answer "no" to any of these questions, you’re inviting trouble.
Insurance Plays a Role
When accidents happen, they may be followed by medical expenses and, more seriously, lawsuits. You must be protected against such financial consequences. Don’t assume you have coverage, especially when an activity involves motorized or powered equipment. You may have to add coverage to your homeowner policy or even buy special coverage for mini-bikes, mopeds, boats, all-terrain vehicles, etc.
So make safety a part of getting ready for summer fun. It’s also smart to include a visit or call to your insurance professional to make sure you have the right coverage to support a fun summer.
COPYRIGHT: Insurance Publishing Plus, Inc. 2013
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Controlling Car Insurance

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You may be frustrated with car insurance premiums and factors that cause increases, such as:
Your insurance company’s overall loss experience (due to more claims)The increased value of newer model cars, particularly SUVs and models with smart car featuresIncreases in judgment amounts awarded in auto lawsuitsIncreased business processing and administrative expensesAuto loans lasting longer, meaning increased auto repair costs for older cars
There are ways to address rising costs. First, gather your insurance records and any other car-related information. Next, determine if circumstances have changed since you last dealt with your coverage. Once this information is handy, call your agent and discuss relevant items such as:
If your home and auto insurance are with the same company, is a discount available?Does my coverage take full advantage of the discounts offered by my company?I have more than one car; am I getting a credit?Does it make sense to change my deductibles?Do my cars really need physical damage coverage insurance? (An important consideration for older vehicles)Do lifestyle choices such as drinking or smoking affect my premium?My son or daughter is on the honor roll, does this affect my premium?Did you know that my car has special security features?Did you know that my son took Driver’s Education?Does the company have accurate information on how often and how far I drive?Am I with a standard carrier or do I qualify for any preferred program?Is my vehicle charged an additional premium because of its type or performance?Do I qualify for a loss-free history or policy longevity discount/
Giving your agent accurate information helps you get the best available premium. Provide your agent with complete details about your driving history. It’s important to clear about who drives your cars and how they’re used. Finally, use your agent as a resource for handling errors about your account or which may be shown in your driver records.
COPYRIGHT: Insurance Publishing Plus, Inc. 2014
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.
TruePoint Insurance Group, LLC
1000 Pine Barren Rd.
Pooler, GA 31322
(912) 330-1265
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate.

Are small businesses in Kentucky required to carry Workers compensation insurance?

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If your company has employees, you will most likely need to have a Workers Comp insurance policy. Just so, there is no confusion:
The structure of your business does not change the requirement. C-corporations, s-corporations, LLC, and sole proprietors all must cover employees with Workers Comp insurance.
In Kentucky, the number of employees does not alter the requirement to have Workers Comp insurance. Even one employee, even one part-time employee, and you have triggered the requirement to maintain a Kentucky Workers Compensation policy.
Even if your Kentucky business is true family business; Work Comp coverage is required if you have family members working in the business that are not owners (stockholders), members (shareholders), or equity partners.
However, there are exceptions.
Kentucky employers that are not required to cover: Workers that are exclusively involved in farm work and domestic servants in a home (must be less than two full time employees)

Federally protected employeesCertain Religious sectsIndividual business owners, certain partners, and LLC members.

Business owners may exclude themselves form Work Comp coverage. To do this in Kentucky the exempt owners must complete the Employee’s Notice of Rejection of Workers Compensation Act (Form 4 Waiver) and have on file with the Kentucky Labor Cabinets Department of Workers’ Claims. The Form 4 Waiver can in certain instances extends beyond the business owner. In almost all cases, the risk/reward profile extends so far beyond the prudent man rule that we advise you to seek legal counsel for additional information.
………………………were it not for a single word, we would be done! However, the word Required leaves the answer above lacking.
Required by who? The U.S. Department of Labor administers programs for many federal employees, however; the U.S. Government does not require that American businesses carry insurance covering their employees.
Workers Comp coverage is the responsibility of each state. In the Commonwealth, the coverage is mandated and monitored by the Kentucky Labor Cabinet’s Department of Workers’ Claims. The Kentucky Revised Statutes address Workers Compensation and the legislation enacted to protect Kentucky workers can be found in KRS Chapter 342. Workers Compensation in the State is an “exclusive remedy”, which means the protection offered by the employer’s insurance coverage is sufficient to cover in completely any injury or disease that occurs or attributed to the workplace. There can be no additional recourse to the employer beyond the benefits offered by the workers compensation policy.
Required could also be applied to the client/customer. On a regular basis, our agency is required to provide Certificates of Insurance (including workers comp coverage) to our customer clients and prospective clients. In the litigious society that we live in most have learned to limit their own risk exposures by shifting the blame to the responsible party.
Required when it is not required. Yes! So you have passed the test, you have legally been able to waive the requirement to have Workers Comp insurance. You are a sole proprietor, say a trim carpenter, or many other artesian contractors. You have no employees and the KRS says that you are not required to have the coverage. GIDDY-UP!
Then unexpectedly comes “Big Bob the Builder” a huge General Contractor in your town. Your worries are over, all the work you will ever need, and better yet no more selling.
WHOA!!!! Big Bob, or more likely, Big Bob’s insurance company, CYA Insurance, says that you have to have Workers Comp insurance. Again, we ask, REQUIRED BY WHO?
No, you are not required to have the coverage, says the law.
Yes, you are required to have Workers Comp if you what the Do-Re-Mi that Big Bob has to offer!
Workers Compensation may seem like one of those erroneous costs. Everyone thinks that just because you are a business owner that you have money to burn, and here is on more drain to prove it!
That is certainly one way to look at the cost of Workers Compensation insurance! The other side is that for the cost of an annual premium that litigation risk associated with an injured employ is removed. That premium looks even cheaper when you consider that the U.S. has one lawyer for every 265 people (topped only by Greece).
If your business would like additional information on Workers Compensation insurance or any other Commercial or Business insurance topic please contact a TruePoint Insurance Group agent at info@truepointgroup.com
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Insuring Adult Children

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Blood may be thicker than water, but it is thinner than insurance contracts. An adult son or daughter may think that, when a loss happens, coverage is available from mom or dad’s homeowners or auto policy. It usually isn’t and finding this out after a loss makes matters much worse. Policies are typically clear. A relative is covered, but only if the relative is a full-time resident of the named insured’s household. Even if the nonresident child lives next door, a parents’ policy is not going to spread its coverage to take care of an adult child’s belongings.
Insurance contracts are meant to handle sources of loss that can be easily identified. Person A’s cars or home is protected by Person A’s auto or homeowner policy. Imagine if that weren’t the case.
Example: The Rabbitfield’s home and cars have been insured by Plausible Fire & Casualty for 20 years. In the last five years, the Rabbitfield’s children have grown and started their own households. Per the Plausible home and auto policies, the insurance premiums and two policies that covered the original family’s two cars and one home, now cover the original home and cars PLUS the following:
Son Jimmy Rabbitfield’s apartment and carDaughter Chana Rabbitfield’s home and two carsOther son Perry’s home, seasonal home and two carsOther daughter Bonnie’s apartment and car.
Besides covering all of the property, the Rabbitfield parents’ policies ALSO cover everyone’s personal legal liability.
While it might be a bargain for insurance consumers if a single auto or homeowner policy could be stretched this far, it’s not likely that the insurance industry could survive such flexibility.
Being Independently Insured
Understandably, insurance is not always a priority for adult children who are now on their own. In the beginning, there’s often a phase where the kids commute between “home base” and their new apartment or home and their property is at both locations. The new grown-ups typically have few possessions, especially possessions of high value, and this adds to the likelihood that insurance is overlooked or seen as unnecessary. However, even when possessions are few, EVERYONE has a legal responsibility to handle the damage they accidentally cause to other people and/or other people’s property. When a child reaches adulthood, they’ve also reached the point where they need to get their own insurance.
If an adult child asks you for insurance advice, give them the name of an insurance professional you trust to help them get the exact protection they need.
COPYRIGHT: Insurance Publishing Plus, Inc. 2013
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.