Mission Minute

Coronavirus – Is there Corporate Insurance for That?

Sales Manager at Merriam Insurance Agency
376 Broadway
Schenectady, New York 12305

Toll-Free:
(877) MERRIAM x 219
(877) 637-7426 x 219

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James Dick, CPCU, AAI
The Coronavirus situation is on everyone’s mind. We are receiving calls asking “how will my policy respond?” We know many more of you have similar questions. Here is a brief primer on how insurance will likely respond and what your organization can do to prepare. The two policies under primary...

The Importance of Written Procedures

376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
I have heard it argued that a mission or shelter is better off having no written procedures than to have them and not adhere to them. This argument maintains that a court of law would, therefore, be unable to prove that the staff and/or volunteers did anything inconsistent with the organization’s procedures...

Fiduciary Liability vs. Employee Benefits Liability

Marketing Director at Merriam Insurance Agency
376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 212
(877) 637-7426 x 212

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Richard Hale
Legal Hairsplitting or an Unknown Exposure that Threatens your Ministry? I am ever impressed with the many exposures that threaten ministries and even more impressed with the determination of trial attorneys to find ways to sue them. One of the lesser known areas of susceptibility of ministries stems from the...

Social Engineering: A New Threat That May Surprise You

376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
What do the second-largest bank in Chile and a homeless shelter in Midwest America have in common? Recently, Banco de Chile lost $10 Million in a cyber hack, and the homeless shelter, though losing quite a bit less than that, lost in excess of $10 Thousand to a similar scheme....

The Conflict between Replacement Value and Actual Cash Value

376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
There are few greater joys for a mission Executive Director than receiving a letter from an attorney and finding that the mission is not being sued, but is instead, the recipient of a bequest. After many years of effort to raise money for a new dormitory, some person has now...

Merriam Insurance Safety Committee Essentials

Marketing Director at Merriam Insurance Agency
376 Broadway
Schenectady, New York 12305

Toll-Free:
(877) MERRIAM x 212
(877) 637-7426 x 212

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Richard Hale
How to Properly Established Your Safety Committee Establishing a proper Workplace Safety Committee is one way management can encourage employees to participate in implementing and monitoring an organization’s safety program. A properly functioning safety committee fulfills several functions. Committee members should be able to identify problems, use their range of...

The Threat of Workplace Violence

376 Broadway
Schenectady, New York 12305

Toll-Free:
(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
Have you considered the threat of workplace violence? According to the Occupational Safety and Health Administration (OSHA), there are close to 2 million victims of workplace violence in America, annually. This includes any act or threat of physical violence, harassment, intimidation, even murder. In fact, homicide is the third leading...

Wage and Hour Threat

Branch Manager at Merriam Insurance Agency
5373 N Union Blvd, Suite 103
Colorado Springs, CO 80918

(719) 488-3206 Direct

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Jon Barron, AAI
Latest posts by Jon Barron, AAI (see all)
One of the advantages of being a national insurance consultant and risk manager is that it allows us to see legal trends that are growing before our clients are hit with the latest threat, and thereby, we often have time to build a defense before the storms hit. One such...

Workers’ Compensation vs. Disability Income

376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
Few people think about Workers’ Compensation (“WC”) insurance until it is needed. It is compulsory coverage required of most every employer for the benefit of most every employee. It is a trade-off that requires employers to provide unlimited work-related medical benefits to employees who are injured at work in exchange...

D&O Retention Limit and what it means to you

376 Broadway
Schenectady, New York 12305

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(877) MERRIAM x 201
(877) 637-7426 x 201

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Brian H. Merriam, CPCU, ARM, AAI
Latest posts by Brian H. Merriam, CPCU, ARM, AAI (see all)
Q: In Directors & Officers Liability insurance (“D&O”) for my mission I notice a $5,000 Retention Limit on the policy declaration page. What is that and what does it mean to us? A: Directors & Officers Liability insurance is an essential form of insurance that provides both defense and settlement...