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Virgin Islands law makes the seller of a vehicle responsible for ensuring that the title is transferred promptly (within 24 hours) to the name of the buyer at the VI Bureau of Motor Vehicles (BMV). Signing the back of the title is not enough!

Auto insurance can be complex and difficult to understand. With all the information available to policyholders, it can be challenging to decipher the facts from myths. Knowing what’s covered under your auto policy and the factors that determine your premium is crucial. What’s more, not understanding your coverage may lead you to believe you’re covered when that may not be the case.

According to the IRS, business owners can deduct ordinary and necessary business expenses. This means that several types of commercial insurance premiums are deductible.

Understanding the differences between Basic, Broad and Special insurance coverage is essential for every islander. Fully understanding “under insurance” is also critical.

A leak or water damage incident in one unit can easily affect other areas of your building. Take heed of these loss control tips.

A risk management plan involves implementing various techniques that can help mitigate or prevent loss. There are multiple ways a company can organize its risk management plan, but steps commonly consist of identifying, assessing, and managing risks.

One of the most common causes of water damage within your home is often preventable. After all, this form of damage isn’t always due to heavy rainstorms or melting snow. Rather, water damage often stems from a lack of home maintenance.

Auto insurance rates are based on several factors: frequency and severity of crashes, auto repair costs, medical and hospital costs, lawsuits and court judgments, insurance fraud, vehicle type, and deductibles. This means that while your company’s inherent level of risk is a factor that affects the premium you will pay for auto insurance, that amount is also affected by factors that are not directly controlled by the company.

Auto insurance can be complex and difficult to understand. With all the information available to policyholders, it can be challenging to decipher the facts from myths. Knowing what’s covered under your auto policy and the factors that determine your premium is crucial. What’s more, not understanding your coverage may lead you to believe you’re covered when that may not be the case.

Typically offered as an endorsement to a homeowners policy, this form of coverage can provide financial protection for losses resulting from a range of cyber incidents—including fraud, identity theft and data breaches. Keep reading to learn more about the growing need for this coverage and the key types of personal cyber insurance available.