Posts by Gary Sorenson, Insurance Brokers of Minnesota

Autos that are titled in individuals’ names can create significant coverage problems and exposures on a corporate business auto policy. The most basic principle of insurance is insurable interest. When a corporation insures a personally owned auto and pays the premium under their corporate BAP, there is no insurable interest for the insured corporation. In…

Forester Research reports that businesses with more than 1,000 employees give laptop computers to approximately 30% of their staff.  Dell reports that 2007 was the first year its revenue from notebooks was greater than that from desktop computers and attributes most of this trend to the corporate PC market. The truly mobile workstation has officially…