Higher Education Insurance
Higher education institutions face many challenges. One of them is overseeing a large group of faculty, staff and students. A comprehensive risk management strategy, including higher education insurance, offers protection from exposure in the event a university becomes involved in a personnel issue.
Accusations of Harassment
Harassment is illegal and can have serious ramifications. Harassment encompasses a broad range of offensive behavior including sexual, psychological and workplace harassment. In a university setting, allegations could potentially involve two co-workers or a teacher and student. Higher education insurancecan provide the resources necessary to address any accusations of harassment.
Issues Connected to Tenure
Tenure involves granting a professor a permanent position at a university usually after they have completed a probationary period of several years. It is believed to provide those who attain it more academic freedom since they don’t have to fear losing their job if they research unpopular ideas and subjects. Tenure and who gets it can be a hotly contested topic and may result in disputes.
Discrimination can involve issues on race, gender, age and sexual orientation. Implementing a thorough risk management strategy can help ensure there is a plan in place to address any claims of discrimination.
Higher education insurancepoliciescan be tailored to cover personnel disputes including accusations of sexual harassment, issues connected to tenure and any discrimination claims.
We’ve broken down common risks that the staffing industry might face and provided a staffing insurance solution to reduce that risk in this staffing insurance infographic.
Insurance Social Media
Remember the days when social media didn’t exist? Your only free means of communicating with potential clients was to either talk to as many people as possible about your business or place an advertisement on your own property. All other advertisement locations cost money, and some cost a fortune. Nowadays, with the advent of social networking, you can communicate to a much wider consumer base for free. Insurance social media is a great way to get more messages to your clients and attract new ones with your posts.
Digital Word of Mouth
You can think of social networking sites as the digital version of word of mouth. People are more likely to trust the businesses that their friends and relatives are working with, and so the networks of each of your existing clients will serve as a fount of potential new clients. Your insurance social media site will also promote loyalty among your clients by providing your followers with valuable information that showcase your expertise. By maintaining a strong social media presence, you will be able to demonstrate at little or no cost that you are a knowledgeable and hardworking insurance agent. By getting thoughtful messages out to your social media community on a regular basis, you will win over far more clients than you would with a billboard sign. Keeping up a social networking site can be time-consuming, however, so you may want to enlist the help of a professional marketing company. The results will pay off handsomely.
To become properly covered by staff insurance, you need to go through an application process like with other types of insurance policies. The process generally involves the following 5 steps.
1. Know which policy you are applying for. There are a lot of different policies to consider for the staffing industry, from employment and cyber liability to auto and workers compensation. You might find that your company needs only certain policies, so know beforehand which specific policies you want to apply for.
2. Find the appropriate application for your state. The laws for certain staffing industry policies may differ from state to state. On the other hand, other policies might need the same application no matter which state you are applying from. Make sure that you fill out the applications that are appropriate for your state.
3. Choose a submission method. There are three ways that you can submit your application: Email, fax, and mail. When you send an email, be sure to send the application to your particular account manager for your insurance. You need to know the fax number and mailing address to submit your applications those ways.
4. Wait for a reply. You should be contacted about the changes to your policies, or when your policy is approved.
5. Call your agent with any questions. Have the number of your insurance provider on hand so that you can have all of your questions answered when you need them.
Having the right staff insurance means selecting the specific policies that your business needs. Follow the steps above when applying for specific policies with your insurance provider.
Professional Liability Insurance in New York
Investing in the type of liability insurance that will protect your business most effectively can be difficult when you aren’t an expert in the area of insurance. You can’t always predict how a threat will come at your company, and in the modern business market, issues can arise almost anywhere. Having professional liability insurance in New York that focuses on providing a comprehensive solution that is fine-tuned to meet your unique professional needs can address the potential risks that a cookie-cutter insurance plan can’t.
Taking Protection Online
If there was one place where new threats are harder to prevent, it’s probably online. Many business owners simply aren’t up-to-speed on the latest technology, and can put themselves and their clients at risk. Computer viruses and cyber extortion often go on for some time before someone along the line discovers a problem. If you didn’t have the right liability insurance, the fallout could weigh solely on your shoulders, but with the right coverage, you might be able to avoid some of those costs.
Identifying Risks Before They Emerge
In many instances, experienced insurance providers can identify potential risks to the interests of your company and the security of your business before a problem lands in your lap. With the help of risk management consultants, companies who provide professional liability insurance in New York can help you make the necessary changes to reduce the number and severity of existing risks.
By finding professional liability insurance in New Yorkthat takes your protection online, and helps to identify potential risks before they become a problem, you can expect to enjoy more professional security. Common risks spread far and wide, and having liability coverage that can meet the individual risks that your business possesses can make a substantial difference in the success of your company.
Public School Insurance Indiana
Public school insurance can help protect staff and students from unpredictable risks. A public school is a bustling establishment, and there’s a lot that can happen at any time. If you’re in charge of school operations, then you know that there are plenty of things you have little or no control over. What’s more, people often think that these aspects of education are your responsibility. You can maximize your ability to deal with unforeseen situations by acquiring public school insurance Indiana. This type of insurance includes the following coverage:
- General liability
- Abuse and molestation
- Educator legal liability
This insurance plan is highly customizable, so you can tailor it to fit your specific needs and pay just for the components that you use.
Get an Objective Risk Assessment
As a high-level administrator in education, you are responsible for making sure that your establishment is doing as much as it can to safeguard itself against unforeseen risks. When you are looking at your options for public school insurance Indiana, you should also take some time to get an objective risk assessment from the insurance providers. This can help you better understand the exposures that your school faces and come up with ways of maximizing protection.
When you acquire your insurance plan, consultants will work closely with you to maximize the effectiveness of your coverage and keep it in line with the specific needs of your establishment.
Directors and Officers for Educators
Every professional needs to consider the possibility of liability. If you are unprotected by insurance, a lot of money and even a career can be at stake. Teachers are no different. Their school or school district will carry various policies, which may include the following:
- General Liability
- Directors and Officers for Educators
- Employment Practices Liability
- Commercial Crime Liability
Why Get Directors and Officers Policies
Teaching, like other public service careers, is a unique profession in that profit is not the fundamental motive. Instead, seeing young people learn is the goal. Yet what goes on in schools is not without issue. Laws change regularly, and the paperwork can be difficult to interpret. Unintentional violations can occur, and parents may challenge the schools over various issues. So the school, and the teacher, needs be covered by policies like Directors and Officers for Educators insurance.
The Unique World of Education
A public school and its power structure are very different than a typical corporation and its board of directors. Yet when teachers and schools make decisions that affect children about grading, testing, discipline, or eligibility for sports, they may be open to lawsuits. For example, a parent may claim that the school and its teachers are not doing what they can to modify a child’s educational plan when he or she has a documented learning disability. A good insurer can provide Directors and Officers for Educators policies that truly do pertain specifically to teachers. They will protect personal assets, provide reimbursement to the school if necessary, and as well as provide money for a legal defense.
error omission insurance
The right insurance policy can help you in many ways. Professional insurance policies make it possible to focus on your job instead of on daily exposure to risk. If a claim is made against you, then yourerror omission insurancepolicy will give you the means to deal with that claim. Many contracts require the contractors to have a specific sort of insurance coverage. Clearly, insurance policies help you do more but only so long as you have the right type of policy.
Do professionals need special insurance?
The many insurance policies available are intended to effectively address specific forms of risk. Since professionals are exposed to the risk of errors and omissions, it is in their best interest to have error omission insurance coverage. Consider these facts:
- An error and omission policy covers you or your company if a client makes a claim that you have failed to provide a promised service or if the provided service did not have the promised results.
- Some of these policies can protect you against claims made regarding past services so long as the claim is made during the active life of your policy.
- Your error omission insurance policy can cover defense costs, settlements, and judgments.
If you regularly provide advice to clients, provide any type of professional service, or if you are required to carry some form of professional insurance, then you will likely need to purchase an error and omission policy. This type of policy is suited to the work you do and will help you accomplish more.
Captives are often revered for their financial benefits. Their ability to underwrite risks allows them to accumulate money that would otherwise be absorbed by a traditional insurance carrier. Furthermore, commercial insurance companies draft policies that are designed to fund in-house expenses, such as budgets for advertising and marketing and compensation for a host of employees, whereas captives eliminate these costly expenditures. Financial implications may be the driving factors for choosing captive solutions, but they are certainly not the only motivating aspects.
Even if a business is able to afford a standard insurance plan that covers risks, there are still certain exclusions and deductibles that may leave the company vulnerable. For example, insurance for general liabilities can still be subject to omissions of employment practices liabilities through commercial carriers, unlike captive solutions.
Captives usually create policies that apply to the specific profile of a given business entity, opposed to the generic plans that are drafted by traditional insurance companies. This can allow for more accurate uses of financial coverage.
Commercial insurance companies often assign a defense attorney to their client’s legal case without accepting any input from the client. By contrast, captive solutionsusually allow businesses to select their own representation for any claims made against them, which can result in a higher quality of counsel.
Captives offer more than just financial benefits; they provide comprehensive approaches to varying aspects of business insurance.
Real Estate Insurance New York
A common misconception regarding the purchase of real estate insurance New York is that the more expensive a policy is, the better is will function. While the price of a policy is likely to correlate to the extent of coverage available this does not mean that a more expensive policy is necessarily better. The real key to making any type of insurance policy worthwhile lies in selecting the lines of coverage that are going to protect you the most.
Review coverage limits on a regular basis
The coverage limits outlined in the policy options you purchased three, five, or ten years ago are probably not going to be sufficient to your business as it currently stands. Property managers, real estate developers, and other real estate insurance New York customers must often deal with rapidly changing conditions while on the job; you might be surprised at the gulf between what your current policy can cover and the coverage that you currently require.
Prepare for the worst
There are certain lines of coverage that exist to help people and businesses prepare for the worst. These include:
- Storm, fire, flood, and earthquake damage
- Disaster recovery
- Cyber liability
- Building ordinance (also called building replacement)
Opting for these lines of coverage gives you more comprehensive protection. With this coverage you have a greater chance of emerging from disastrous circumstances intact and able to move forward. Though extending your existing policy to include these lines of coverage might cost a little more, you will be spending your money on a product that will protect you when you need it most.