Posted by: mark
on May 11, 2012
Tagged in: Untagged
Posted by: mark
on Nov 09, 2009
All Oregon auto policies contain "PIP" insurance coverage, or Personal Injury Protection coverage. Your Oregon PIP insurance coverage includes the following benefits:
Medical & hospital expenses
Income continuation benefits
Loss of services expenses
Funeral expenses
Child care expenses
When clients have been involved in an accident the first question I ask is, "How are you feeling" & "Do you need to seek medical treatment?" Most drivers are unaware but your Oregon PIP insurance coverage is the first coverage applied to get your medical expenses paid after you have been involved in an accident. The Oregon state minimum PIP limit is $15,000 for payment of your medical and hospital expenses, the coverage will provide treatment for up to 52 weeks after a reported accident.
In addition to the payment of medical and hospital expenses under PIP insurance coverage you have income continuation protection. This coverage is typically 70% of your loss of income from work during a period of disability, provided that:
a. You were employed at the time of the accident
b. Your disability continues for at least 14 days
Your PIP insurance coverage also includes Loss of services expenses. This benefit will pay for expenses reasonably incurred during a period of disability for essential services performed by a person not realted to you, the insured, or residing in your, the insureds, household. For example, after the accident you are unable to clean your house or do your laundry, this benefit will pay for these services.
PIP insurance coverage will provide reasonable and necessary expenses for funeral services incurred within one year after the date of the accident.
Child care expenses include those expenses incurred for child care beginning 24 hours after the hospitalization of you, the insured, and continuing until you, the insured, is able to either:
a. Return to work; or
b. Perform essential services
Most insurance policies will have the Oregon state minimum limit of $15,000 although you can increase your PIP insurance coverage limit up to either $25,000 or $50,000 at a nominal cost. As reported in an earlier blog post Under ORS 742.524(1)(b), a PIP eligible claimant who is usually engaged in a remunerative occupation (i.e., a job that pays), but is unable to perform that occupation for at least 14 days because of a motor vehicle accident, is allowed to receive 70% of his or her lost income or $1,250 per month, whichever is less. In April 2009, the Oregon Legislature and Governor Kulongoski, via HB 2326, changed the maximum monthly recoverable amount from $1,250 per month to $3,000 per month. Thus, the yearly maximum will increase from $15,000 to $36,000.
Contact me if to review your Oregon auto insurance coverage and increase your PIP insurance coverage limits.
Posted by: mark
on Oct 25, 2009
Home insurance policies do not cover damage from landslides and earth movement. Even though landslide insurance might be costly, having landslide insurance might be your only chance of recovery against the uncertainty of damage or destruction as a result of a landslide.
In February of 1996, a major storm caused hundreds of landslides in the West Hills and last year a landslide destroyed several homes in SW Portland. Many factors contribute to landslides, including slope steepness, soil strength, and moisture content of the soil. A landslide will occur when several of these factors converge.
Search the
Oregon Landslide Information Database to map the landslide risk for your Oregon home. The database is a compilation of landslides in Oregon that have been identified on published maps.
To learn more about landslides visit these resources:
If you would like an insurance review that includes an option that includes landslide insurance please give me a call.
Posted by: mark
on Oct 15, 2009
Coverage differences with cyber liability insurance policies must be made by understanding the differences of each policy and the significance of each difference in regards to how each policy responds to information and privacy issues.
Information & privacy issues arise under various aspects of business from the failure to keep personal information private to collecting information for marketing purposes to commerce transactions. A breach of privacy would adversely affect your business especially when it depends upon customer and client trust.
Sensitive information can easily be compromised through errors such as the loss or theft of a laptop computer or other portable device.
Download this checklist that will help you manage your cyber liability risks surrounding your information gathering & privacy exposure.
Upcoming:
Contracts, Disputes, and Allegations of Non-Performance
Posted by: mark
on Oct 14, 2009
The attached checklist will help you manage your cyber liability risks surrounding your exposure to intellectual property rights that include trademark, service mark, copyright & patent infringement.
Download the content exposure checklist here.
Upcoming:
Information Gathering & Privacy Exposure
Posted by: mark
on Oct 11, 2009
Each new advance in web technologies has brought new risk exposures to businesses and these exposures require knowledge and application of proper risk management procedures to reduce your cyber liability exposure.
If you maintain, re-design or upgrade client websites, handle domain name registrations and search engine placement for clients, assist with the design and implementation of online marketing campaigns and strategies (including mass emails), coordinate hyperlinks with other websites, and provide around the clock support there are exposures and risks that you not just need to be aware of but need to protect yourself against. You also face risks such as issues relating to copyright and trademarks, invasion of privacy, private information issues, and loss of or damage to data. In addition to these listed exposures you also face a cyber liabiliy exposure if your business provides website hosting or is an application service provider.
Having cyber liability insurance in place will help protect your business mitigate its potential liability from a loss due to a host of legal liabilities that range from non performance of delivering your services to infringement of intellectual property.
This blog series will serve as a starting point to help you identify and understand the unique set of cyber liability exposures that you need to be aware of to mitigate your company's cyber liability risk.
Upcoming:
Content Exposure
Posted by: mark
on Oct 01, 2009
The National Flood Insurance Program (NFIP) has been extended until October 31, 2009. This short-term statutory authorization will allow insurance companies to continue issuing flood insurance policies with no impact to current policy holders.
In lieu of the extension of the National Flood Insurance Program today's
New York Times has an interesting article titled Criticism Is Mounting Over Flood Premiums that provides an insight in the history of flood insurance and exposes that the government program has failed to charge prices that reflect the value of insurance, and in turn the NFIP has been accumulating debt which eventually will go back to taxpayers.
Posted by: mark
on Sep 30, 2009
The 8.0 magnitude earthquake in the Somoa Islands caused officials to issue a tsunami advisory that included the Oregon coast. The tsunami is not expected to cause any significant damage but raises an important insurance question for residents of the Oregon Coast. Would your home insurance policy cover property damage from a tsunami?
Whether or not you have insurance coverage for damage due to tsunami, the asian word for tidal wave, will vary from each insurance company, most likely your home insurance policy is going to exclude property loss due damage from a tsunami. The reason for this is that most all home insurance policies exclude property loss due to damage from flood, earthquake, & landslide. The only way to make certain you have property coverage for a loss due to a tsunami would be to have a flood insurance policy in place.
To plan for a tsunami striking the Oregon coast do the following:
You home insurance policy will not cover flooding from a tsunami. Contact me to get flood insurance through the National Flood Insurance Program.