• (540) 366-7475

Read our stories
our news
private property sign

Protecting Vacant Property

Protecting Vacant Property 1024 535 Dominion Risk

In a time when layoffs and foreclosures are widespread, your firm may be forced to manage vacant property. The insurance risks and liabilities associated with owning unoccupied property can be extensive. To ensure you are adequately protected, it is important to know the risks you confront. In addition to purchasing comprehensive insurance coverage, there are numerous preventive strategies for maintaining vacant property to reduce risk and liability. Potential Risks There are a host of risks…

read more

Nuclear Verdict Case Study

Nuclear Verdict Case Study 1024 538 Dominion Risk

Nuclear verdicts refer to exceptionally high jury awards—generally, those exceeding $10 million. Such verdicts have become increasingly common in the past decade. In fact, the National Law Journal reported the average jury award among the top 100 U.S. verdicts more than tripled between 2015 and 2019, skyrocketing from $64 million to $214 million. Furthermore, 30% more verdicts surpassed the $100 million threshold in 2019 compared to 2015. A variety of factors have contributed to this…

read more

Benefits of Representations and Warranties Insurance in Corporate Mergers and Acquisitions

Benefits of Representations and Warranties Insurance in Corporate Mergers and Acquisitions 1024 536 Dominion Risk

Representations and warranties insurance (RWI) is designed to cover certain breaches of representations and warranties made in business merger and acquisition (M&A) agreements. RWI has emerged as a preferred tool by executive management to reduce transactional risks.  Policies can be purchased by either the buyer or the seller in an M&A transaction. Buyer-side RWI policies provide first-party liability coverage to protect buyers from financial loss due to misrepresentations by sellers—whether intentional or accidental—such as misrepresented…

read more

Fall Driving Hazards Create Commercial Risk

Fall Driving Hazards Create Commercial Risk 1024 536 Dominion Risk

Along with changing leaves, cooler temperatures, and shorter days, the fall season can bring new hazards to motorists. Adverse weather conditions, back-to-school traffic, and animals pose dangers that can result in vehicle damage or injury. The following are factors drivers should take into consideration as fall begins: Kids — Drivers should be extra cautious in school zones and be on the lookout for children, particularly those walking and biking to school. New, inexperienced student drivers…

read more

Build Your Bonding Program: Key Members of the Team and Considerations of the Surety Underwriter

Build Your Bonding Program: Key Members of the Team and Considerations of the Surety Underwriter 1024 536 Dominion Risk

Bonding companies use qualitative and quantitative factors to determine the credit they will extend to a contractor. They underwrite their book of business with the assumption that there will be no claims. Issuance of a bid or performance bond is a seal of their confidence in you. When a contractor has sufficient capital and liquidity, a reputation for quality, timely work, and capacity to complete the work, a surety will extend adequate credit. Weaknesses in…

read more
lock on keyboard

Essential Elements of Cyber Hygiene

Essential Elements of Cyber Hygiene 1024 535 Dominion Risk

As cyberattacks become more frequent and severe, it’s increasingly important for organizations to practice good cyber hygiene—habitual practices ensuring critical data and connected devices are handled safely—to minimize their digital exposures. Some consequences of poor cyber hygiene include: Security breaches Data loss Software vulnerabilities Antivirus weaknesses Here are some essential elements of cyber hygiene for organizations to consider: Passwords—Employees should be required to create strong and complex passwords and avoid sharing or using the same…

read more