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Rueter Insurance Assurance

Our approach is based on avoiding unintended consequences by recommending the correct coverages at a competitive cost. We accomplish this objective through attention to detail, asking the right questions, and marketing your account to insurance companies that respect quality work.

 

Essential Coverages

  • Professional Liability: specific to services
  • Equipment Breakdown
  • Business Income with Extra Expense
  • Cyber Liability with data breach
  • Employment Practices Liability with third-party coverage
  • Employee Dishonesty, including customer’s property
  • Directors and Officers Liability
  • Targeted Hacker Attack – Business Income
  • Identity Theft
  • Building and Business Personal Property
  • Umbrella/Excess Liability
  • Workers’ Compensation, including foreign travel
  • Business Income with extra expense
  • Valuable Papers and Records
  • Electronic Data Hardware and Software
  • General Liability including off premises activities
  • Auto Liability and Physical Damage for Owned, Non-Owned and Hired
  • Employee Benefits
  • Money and Securities

 

Critical Issues

  • Power surges and power failures
  • Eyestrain, neck strain, carpal tunnel syndrome
  • Employee theft, including customers property
  • Hired and Non-Owned Auto: necessary if employees use their own vehicles to run errands
  • Disability. Provides coverage for lost income in the event of a sick or injured employee
  • Business Income. Decrease waiting period. Determine adequate length of time to reopen.
  • Prepare a disaster recovery
  • Building and BPP valuations
  • Replacement cost valuation of new equipment
  • Contract review for Hold Harmless, Insurance requirements and Indemnification

 

Questions agents can fail to ask

  • Do you sign contracts with your customers?
  • Does your current agent review your contracts for Indemnification and Hold harmless provisions?
  • Who has access to your client records or property?
  • Do you document client decisions and obtain their written approval?
  • Are employees trained how to sit at their desk ergonomically?
  • Do you have any of your employees run errands? Do they use their own vehicles?
  • Do you have a disaster plan in place?
  • Do you run background checks on all of your employees?
  • What would it cost to replace the current year and model of each piece of equipment?
  • What would you do if your office and equipment was damaged or destroyed?
  • What is your policy for renting cars?
  • Do you have a designated premises restriction on you current policy?

Case History

Professional liability specific to your services

Professional Liability insurance is important for businesses for whom incorrect advice or a failure to perform professional services could lead to a lawsuit. Even if you haven’t made a mistake, you can be sued. A professional liability insurance policy will cover legal fees, protecting you and your business from potentially crippling costs.

Client Testimonial

Go here for more information

 

Off Premises Liability coverage

A pharmaceutical plant employee in Bismarck, North Dakota, was working on industrial grade equipment for validation of a process, when he fell to his death. Our contractor (insured) was retained by the pharmaceutical company to assist/supplement their staff with the operational qualification and validation of the equipment. Our insured did not design, install, or do any testing. The performance qualification test was completed after the contractor left the project. There was no contractual or Additional Insured risk transfer exposure. The insured was also considered a “borrowed” servant of claimant employer and deemed to have Workers’ Comp immunity. Our insurance company hired an attorney who was required to attend several meetings to eventually succeed in getting us released from this case. The legal fees totaled more than $45,000.

Our General liability policy did not have the restricted coverage endorsement “designated premises” and the claim was covered. Unfortunately, two other contractors had the restrictive endorsement and they had to pay their attorney fees and any judgements out of pocket.

 

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