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The Greatest Tragedy of our Generation
I’ve heard that tragedy defines us. I disagree with that; it is how we as a group rise and address adversity that defines us. An excellent example is my grandfather’s generation. They’ve been referred to as the Greatest Generation, a fitting accolade to the group that defended our freedom and won WW II.
What is the great tragedy of our generation? Is it global warming? It could be the rise of terrorism! While I can’t answer the question, I do know that school shootings and other active shooter related incidents have to be somewhere in the mix.
Tragedy is often the precursor of innovation. It certainly was during WW II. It also drives changes and the creation of new products in the insurance industry. The insurance sector exists because individuals, businesses and other entities have a need to transfer risks to another party. Increasing active shooter incidents in recent years and the corresponding legal actions have created demand for products that can provide financial protection.
The insurance industry is actively working to develop products that will protect businesses, schools and other government entities from gaps in current insurance policies. Professional liability policies were not designed to protect against active shooter risk or anything similar to that.
So what can be done and how do we do it? Products have been created and will continue to improve that will offer financial protection to entities that have been accused of failing to adequately prepare. But there is more.
Insurance companies seldom get the respect that they deserve; however, behind the scenes they are making a difference. The insurance industry is much more than a financial risk transfer vehicle, insurance companies are the leaders in making our world a safer place to leave. While most of us will never understand the significance, the insurance industry will lead America’s efforts as we deal with the risk of loss of life, mental trauma, and financial loss associated with active shooter incidents.
How? Who understands risk as well as the insurance industry? The better we understand risk exposures, the better we can prepare. The insurance 
industry will over time and after numerous assessments develop standards that when deployed will ward off many would be active shooters. They work for insurance companies will also work to reduce the after effects and of course provide financial relief.
The insurance industry is working to make our world safer. If you are interested in learning more about the insurance industries role in managing active shooter risk you are more than welcome to contact us:
by email: info@truepointgroup.com
In part one of this article, we discussed the situation of properly classifying workers. In this part, we discuss a method for making that distinction.
another element is the nature of the work. Some businesses want to minimize both their tax liability and legal liability (and related payroll costs) by use of independent contractors. However, the situation can’t be a façade. If workers have an ongoing relationship with the applicable business because the work is normal for that business, likely the work involves employees. When the work is unusual for the given business and lasts for a short period, especially when it involves specialize labor or skills not existing in that business, the work likely involves independent contractors.
First, there is customer expectations. Insurance consumers may be under the impression that damage and injury created by shooters are covered. Second, the insurance market is fragmented over the issue depending upon how incidents are interpreted. Coverage may be sought from existing policies that individuals, commercial or non-profit entities may already carry, including General Liability, the Liability portion of Homeowners, or Workers Compensation. On the other hand, responsibility for harm due to a shooter may need to be covered by a form of professional liability policy as the obligation to protect against shootings may be considered as a failure to provide adequate security.
Because of the position held by policyholder/insureds and insurance companies, the classification of workers is often in conflict as insureds desire liberal coverage and insurers wish to restrict protection to qualified persons. However, both parties are best served when worker classifications are clear. Premiums charged to policyholders are based on correctly recognizing the parties eligible for coverage. Proper classification keeps coverage affordable and makes the insurance process more efficient. Coverage involving employees should be connected to an applicable business that employs them. Coverage involving independent contractors should be connected to the contractors. In other words, they should secure their own, separate coverage.
At one time golf carts were seen exclusively on golf courses. Then, since golfing is part of the sports world, other sports saw their usefulness, so carts popped up along the sidelines of football fields and near baseball dugouts, shuttling players about. Today, many more people are aware of the non-sports usefulness of golf carts…..and that is becoming a problem.
tremendous difference being in an accident on a grass surface as opposed to an asphalt, gravel, packed-dirt or cement road. Some accident statistics reveal that golf cart accidents often involve children who are hurt when flung from carts during turns.
PHONE: (502)410-5089 
