VRP wants to discuss social media liability
Posted: January 22, 2013
Everyday, millions of people interact through social networking. Our opportunity to tweet, message, share or "like" involves increasing risks of exposure to what is called "social media liability loss." The content you post on social media sites could get you into serious legal trouble, therefore, it is important to be aware of the threats and legal potential posed by social media to minimize or avoid...
Are you a business owner? If so, how should you deal with indirect loss?
Posted: January 17, 2013
The owner of a business tries their best to protect their companies property. One way to achieve this is by properly handling threats to your buildings physical assets, such as its equipment, office furniture, etc. However, there is another area of concern and that is addressing indirect loss. Example: Paul's Dry Cleaning suffered a minor fire caused by a short-circuited dryer. With the fire brought...
Have you considered ways in which you can reduce your chances of facing a loss?
Posted: January 17, 2013
Loss control is a risk management technique that involves several approaches to reduce the possibility or frequency of a loss. Besides purchasing insurance, you can choose to use protective devices, oral or written contracts to reduce the severity of a loss, such as taking driver training programs that seek to reduce likelihood of accidents or purchase sprinkler systems which reduce the severity of loss caused...
Teen Texting is an Arising Issue
Posted: January 16, 2013
Statistics on teen texting are now indicating a shift in gender equality. Young female drivers are now just as dangerous behind the wheel as males are. The reason for this? Cell phones and its most preferred way of being used……texting. Text messages are usually written short and to the point. It typically involves the use of abbreviations and internet slang codes which results in rapid...
What is Diminished Value and is it Covered?
Posted: January 15, 2013
Has your care ever been in an accident and you were told that your vehicle has diminished value (DV)? This refers to an autos automatic decrease in resale value after it has been damaged in an accident. There are several different types of DV claims: Inherent DV: This describes a wrecked vehicle which is then repaired and is less valuable than an undamaged vehicle. The...