Entries by Carol LaCombe

Liability Insurance: What is NOT Covered

Most corporations opt for some form of liability insurance, and small businesses are no exception. But if you’re new to the world of risk management, the first question to ask yourself is: what exactly is liability insurance? General liability insurance – often referred to as commercial insurance – is best described as coverage for damages […]

3 Risks that Keep Small Business Owners Up at Night

It’s not easy to run a small business. Business owners face a diverse range of risks—some business related, but also personal jeopardies such as debt and income loss if things go really wrong. So what are the highest risks that commonly keep small business owners up at night? An article from Forbes provides some insight; […]

3 Types of Insurance Your Business May Not Need

Let’s face it; insurance agents aren’t normally in the business to tell you what types of a commercial insurance policy you don’t need.  In fact, many of our clients tell us that they often felt uncomfortable talking with former agents for fear they’d over sell them on coverage. At Cleary Insurance, we’re all about risk […]

ACA Repeal and Replace Efforts Unsuccessful in U.S. Senate

In the early hours of July 28, Republican efforts to repeal and replace the Affordable Care Act (ACA) ended when the Senate fell short of the 51 votes required to pass the Health Care Freedom Act (HCFA). Called the “skinny repeal bill,” it would have eliminated the individual mandate penalty and temporarily repealed the employer […]

Massachusetts Construction Classification Premium Adjustment Program (MCCPAP)!

Presented by Michael Regan The Massachusetts Construction Classification Premium Adjustment Program (MCCPAP) applies to employers who are eligible for workers compensation experience rating and have exposure in any of the enumerated construction classifications. The MCCPAP may reduce an employer’s workers compensation premium. The calculated credit is applied to all of the employer’s workers compensation classifications. The basic […]

Insurance for Your College Student

Renters Insurance So you’ve kicked off your kid’s college career with a new laptop and some other expensive high-tech gadgets. Now it’s time to follow up to ensure his or her property is safe in the event of theft, fire or other mishap. In general, protecting a student’s personal property boils down to a simple rule: If […]

Interest Rates and Their Effect on Investing

As a result of the prolonged Federal Reserve’s involvement in stimulating the economy, interest rates are and have been at extreme lows. Over the course of the next five to ten years, the Fed is expected to pull back its control in a way which will allow rates to increase, having an inevitable effect on […]

New OSHA Incident Reporting Rules

Effective January 1, 2017; certain employers are required to electronically submit injury and illness data that they already record on paper and retain onsite. Electronic date will enable OSHA to quickly analyze injury data and use its enforcement and assistance resources more efficiently. The data will also be available to the public. OSHA believes that […]

Understanding the Commercial General Liability Coverage Form (CGL)

The CGL (Commercial General Liability) covers companies from third party liability due to negligent acts, actual or alleged, committed by the insured or by someone working on their behalf. There are 3 coverage sections under the Commercial General Liability policy: Coverage A: Bodily Injury and Property Damage Liability Coverage A provides protection against losses from the […]

Market Stabilization Final Rule Issued

On April 14, 2017, the Department of Health and Human Services (HHS) issued a market stabilization final rule under the Affordable Care Act (ACA). The final rule includes new reforms intended to help lower premiums, stabilize the individual and small group health insurance markets and increase choices for the 2018 plan year. Specifically, the rule […]