Pipelines are the arteries of the natural gas industry. The necessity to move product efficiently is paramount to a profitable industry. Having said that, pipeline debates have begun among residents as well as environmentalists across the State of PA as to the pros and cons of a pipeline in “my backyard”.
While an old proverb states that ignorance is bliss, oftentimes in the modern world ignorance is an easy way to get yourself in hot water. This can be seen quite easily in the world of condominium property claims. Condominium associations that move forward with property claim issues without understanding the legal background pushing the claims can find themselves in trouble without realizing it; driving up costs through lack of knowledge by taking short-sighted actions meant to keep costs down.
The winter months bring more than just cold weather and shorter days; they bring the possibility for winter storms that may result in a snow- and ice-covered landscape. While it may be a winter wonderland for some, as a property manager, snow and ice buildup means a hazard with the potential for costly liability.
The Atlantic hurricane season runs from June 1 to Nov. 30, and as a business owner in the Philadelphia area — only 50-75 miles from the coastline — you need to take the time to understand how your property coverage will respond to a hurricane or windstorm. If you don’t understand your coverage and deductibles, along with any potential exposure, the aftermath of a hurricane can be devastating to your business, says Phil Coyne, vice president at ECBM.
The Energy Industry continuously develops new procedures and products. The upsurge in computer software technology developed specifically for energy related tasks, leaves the developers open for an intellectual property suit. How can this happen? Say your company has developed this new type of software or product that will aid the fracking industry. You file for a patent and it appears everything is fine. Then a competitor files a suit accusing you of using his idea. Will your company have the ability to write a check for over $500,000. to pay to defend the suit? Right now would be a good time to have the proper insurance coverage.