Scrooge & Marley, PLC: A commercial insurance case study


Scrooge & Marley, PLC, was a privately held partnership in 19th-century England that operated out of a dingy warehouse in the Cornhill section of London. Partners Ebenezer Scrooge and Jacob Marley founded the “counting house” with no outside investors or small business loans. Marley referred to the firm as “a money-changing hole,” a closely held, […]

The Insurable Risks of Zombie Attacks on Small Businesses


Zombies are sweeping the nation—at least if you believe the media and pop culturists. The walking dead are everywhere, from cities and small towns to homes and offices. While most people try to eradicate them, few are learning to adapt and deal with the situation. Case in point: For every time you’ve seen zombies creating […]

Insurance and the presidential conventions

As was evident while viewing the Republican and Democratic National Conventions, the political operatives of their national committees truly delved into the minutia of how to spin their respective gatherings in Cleveland and Philadelphia. But politicians aren’t the only group with a vested interest in the smooth running of such conventions. Each has nonpolitical staff […]

Risks and rules for small commercial drones

Drones are entering the mainstream. The agriculture and real estate industries may currently dominate commercial usage, but a wide and varied market is shaping up. Many fields can use drone technology, including construction, surveying, oil and gas, security, television and film, and delivery services, among others. As any general liability insurer can attest, that’s a […]

What to look for when underwriting a general liability policy


Underwriters today have a thirst for reliable data but often face daunting research challenges to find it. They also face disjointed data sources that provide inaccurate and incomplete information. For general liability underwriting, you need reliable data that falls into three categories: the business itself, the actual premises, and the surrounding neighborhood. All three categories […]

General liability classification shouldn’t be a guessing game

Other than historical loss experience, there are three fields on an insurance application that lay the groundwork for a general liability quote: address (territory), exposure (sales, payroll, square footage, etc.), and GL class. Each field has its own effect on the underwriting process, but the GL class is arguably the most subjective. Verisk Insurance Solutions […]