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Crime Insurance
Crime insurance broadly refers to insurance coverage protecting individuals or businesses from damages or loss of property that may occur as a result of some type of crime. This insurance typically covers losses that are incurred due to the theft of physical property as well as intellectual property. On occasion, an employee might sell his company’s internal information to a competitor. That would be considered a theft of intellectual property, and a company can file a claim if the crime is among those covered in the terms of their crime insurance contract.
Many employers have some type of crime insurance at all points in time. This becomes essential if the company has operations in more than one country. However, even small businesses have chosen to purchase commercial crime insurance, which grants them protection in the event of an employee stealing money or disappearing with the accounting software files.
The coverage offered by crime insurance will vary depending on the type of policy you choose. Typically, crime insurance will cover the loss or damage to your property in the event of a theft resulting from a violent, forced entry into your business or an armed hold-up. Along with the normal coverage, many policies also provide coverage for scenarios like computer fraud, hacking and forgery of documents.
For advice and information on the different kinds of crime insurance available, come to Berg Insurance. We will study the profile of your business and recommend a suitable policy for you. To know more, please call toll free at 800-989-7990. |
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November 10th, CAI-OC Luncheon
11:00 am, Irvine Marriot
Who to look for? Michael Berg, Kimberly Lilley & Marianne Pick
November 12th, CAI-GLAC Casino Night
6:00 pm, Sportsmen's Lodge Studio City
Who to look for? - Kimberly Lilley
November 16th, CAI-GLAC Luncheon
11:30 am - Skirball Center Los Angeles
Who to look for? Kimberly Lilley
November 17th, CAI-GRIE Luncheon
11:00 am, DoubleTree Ontario
Who to look for? Marianne Pick
December 2nd, CAI-GLAC Holiday Happy Hour
4:00 pm, Bel Air Crest Country Club
Who to look for? Kimberly Lilley
December 6th, CAI-OC Holiday Toy Drive
5:30 pm, Andrei's Irvine
Who to look for? Michael Berg
December 8th, CAI-GRIE TOPS Breakfast
8:15 am, Riverside Convention Center
Who to look for? Kimberly Lilley & Marianne Pick
December 9th, CAI-SD Awards Luncheon
11:00 am, DoubleTree Mission Valley
Who to look for? Kimberly Lilley & Bridgette Tabor
December 14th, CAI-GLAC Luncheon
11:30 pm, Skirball Center Los Angeles
Who to look for? Kimberly Lilley
December 15th, CAI-OC Luncheon
11:00 am, Irvine Marriott
Who to look for? Michael Berg, Marianne Pick & Kimberly Lilley
BERG PHOTO GALLERY
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Common Interest Developments
There has been some discussion of revised Fannie Mae guidelines with respect to community associations. This discussion has brought confusion, and I hope to provide some clarity to the issue.
Fannie Mae presented Announcement 08-34 on December 16, 2008 titled “Project Eligibility Review Service and Changes to Condominium and Cooperative Project Policies.” Among the many items included in this Announcement are general policy changes regarding project eligibility requirements, and condominium association project insurance clarifications. More…
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