Clarke & Sampson Blog

Scott Jefferson

Recent Posts

Lessors Risk Only Insurance

Posted by Scott Jefferson

Nov 17, 2014 11:43:00 AM

Lessor’s Risk Only (LRO) Insurance , also known as Landlord’s Insurance, is a specific type of property and liability coverage designed for building owners. This type of insurance package is common among owners of apartment buildings, warehouses, retail buildings, commercial office space, shopping centers, and more.

What is covered?

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Data Breaches - A Growing D&O Concern

Posted by Scott Jefferson

Aug 22, 2014 11:18:00 AM

A data breach can be a devastating event, affecting a company financially and damaging its reputation with customers, but the risk doesn't end there. As a director or officer at your company, you face litigation risks based on cyber security policies and management decision made after a data breach, as these are often considered board-level issues.    
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Topics: Data Breach, Directors and Officers

Cyber Liability: Four Components of Cyber Risk Management

Posted by Scott Jefferson

Aug 12, 2014 11:07:41 AM

If your company stores data and information digitally, you should have a cyber risk management program that addresses prevention, disclosure, crisis management and insurance coverage in the event of a data breach. Good cyber risk management requires the planning and execution of all four of these components.

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Topics: Data Breach

Coverage Insights: Technology Professional Liability (E&O)

Posted by Scott Jefferson

May 6, 2014 1:39:00 PM

What does Tech E&O cover?

Technology professional liability (Tech E&O) insurance is intended to cover two types of risk:
(1) Financial loss of a third party arising from failure of the insured’s product to perform as intended or expected, and
(2) financial loss of a third party arising from an act, error, or omission committed in the course of the insured’s performance of services for another.

Who needs Tech E&O coverage?

  Common examples include information technology firms, programmers, software developers, data processors, web designers, computer consultants, and more. It is important to note, however, that Tech E&O is not limited to the technology industry. Most companies today utilize technology in some part of providing a service or product and need to take the necessary precautions. To ensure your company is covering all bases, a full risk management assessment is needed.
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Topics: Business Insurance, Professional Liability, Alexandria VA, Liability Insurance, E&O Insurance

Rain and Flood Driving Tips

Posted by Scott Jefferson

Apr 29, 2014 2:44:00 PM

Flooding can occur within minutes of heavy rainfall or tidal changes. Be prepared and be safe on the roads. Here are some smart driving tips if you have to drive during times of heavy rain or flooding:

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Topics: Flood Insurance, Flood Facts, Alexandria Flood, Alexandria VA

Errors and Omissions Insurance Basics

Posted by Scott Jefferson

Apr 11, 2014 1:40:30 PM

Lawsuits, once a measure of last resort, are now commonplace in settling disputes. The good news is that you can protect your business by investing in professional liability coverage, also known as errors and omissions (E&O) insurance.

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Topics: Business Insurance, Professional Liability, Alexandria VA, Liability Insurance, E&O Insurance

Personal Umbrella Liability Basics

Posted by Scott Jefferson

Apr 4, 2014 3:25:38 PM

As we all know, accidents happen—and it’s not uncommon for jury awards and out-of court settlements to run into the millions. While it’s difficult to pinpoint the monetary consequences of the risks you and your family take each day, are you certain your current liability insurance offers you enough protection?

For example, what if:

  • Your teenager runs a stop sign, causing a serious accident?
  • A visitor trips in your home and is seriously injured?
  • A babysitter is injured by your otherwise friendly dog?
  • The small fender bender you caused results in a neck injury?
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Topics: Personal Insurance, Personal Liability, Alexandria VA, Personal Umbrella, Umbrella policy, Umbrella Liability

Understanding the Flood Insurance Act of 2014

Posted by Scott Jefferson

Mar 31, 2014 9:21:00 AM

On March 21, 2014, the Homeowner Flood Insurance Affordability Act of 2014 (the Flood Insurance Act) was signed into law. This Act modifies planned flood insurance reforms that would have dramatically increased premiums for many property owners in high-flood risk areas. Here are the key provisions of the Act that protect homeowners from rate increases:

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Topics: Flood Insurance, Alexandria Flood, Homeowners Insurance

Yard Work Safety Tips

Posted by Scott Jefferson

Mar 6, 2014 11:11:05 AM

For many of our neighbors in Alexandria, spring and summer mean more than sunshine and vacations. It also means working in the yard - often with tools that can be dangerous if not used properly.

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Topics: Personal Insurance, Personal Liability, Alexandria VA, Homeowners Insurance

What is Water Back Up Coverage?

Posted by Scott Jefferson

Mar 5, 2014 2:38:16 PM

Whether it’s a sump pump failure or a clogged drain, water back up is one of the most common types of losses. It’s also one of the most misunderstood. Do you know how your homeowners insurance would respond?

A standard homeowners policy provides coverage for accidental discharge or overflow of water from plumbing, heating, and air conditioning as long as it originates on the premises.  For example, if your shower drain clogs and causes water to overflow, you would have coverage for the resulting damage.

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Topics: Flood Insurance, Personal Insurance, Homeowners Insurance, Water Back Up