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Get The Right Commercial Insurance For Your Auto Dealing Business

Get The Right Commercial Insurance For Your Auto Dealing Business

In some ways, the types of coverage that you will obtain when looking for your Connecticut auto dealing insurance will sound very similar to the types of coverage you have for your own personal automotive insurance. Bodily injury, comprehensive, collision and more are all common components of the final business insurance package you will need but there are very specific and criticl differences in the type of protection you will need and be getting. That is why it is imperative that you work with the right agency who will take the time to fully understand how your business operates in order to recommend the right limits and coverage for you.

Connecticut Auto Dealing Insurance  One example of a key difference in your commercial Connecticut auto dealing insurance is that you may have what is known as business interruption coverage. This guards you in situations where one of your employees has been injured by reimbursing you for lost income during the employee’s recovery time. Certainly it is important to get the basic protection but, in the end, it can be coverages such as business interruption that will make the most difference to your business operations in the end.

Before you sign up for a Connecticut auto dealing insurance by simply answering some questions online and submitting your payment information, think twice. Remember that your business is at stake. Take the time to meet and talk with an experienced commercial insurance agent who understands the auto dealing world and who will learn your unique situation and needs. This is the way that you will end up with the right protection for your business to put your mind as ease.

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The Value of Strengthening Vendor Relations

Vendor management services allow you to build a relationship with service providers, such as companies providing human resources (HR) services, which will strengthen both businesses. Vendor management is constantly working with your service providers to come to agreements that are mutually beneficial.

The process begins by selecting the right vendor for the right reasons. The selection process can be very complicated and it is essential that you analyze your business requirements, search for prospective vendors, lead the team in selecting the winning vendor and successfully negotiate a contract, while avoiding contract negotiation mistakes. If you don’t know how to approach it from the very start you may run into problems that can undermine any positive outcome.

1. Sharing information and priorities

The most important success factor is the sharing of information and priorities with your vendors. Appropriate practices call for providing only the necessary information at the right time that will allow a vendor to better service your needs. For example, HR staffing services should help to enable you in finding the right temporary HR talent for your company and achieve the business goals for your organization.

2. Building long term partnerships

Vendor management seeks long-term relationships over short-term gains and marginal cost savings. Constantly changing vendors in order to save money will likely cost you more in the long run and can also impact quality. Other benefits of a long-term relationship include trust, preferential treatment and access to expert knowledge.

3. Understanding their business is equally important

Everyone is in business to make money. By constantly leaning on them to cut costs, one of two things will probably occur; either quality will suffer or they will go out of business. Part of this partnership is to contribute knowledge or resources that may help the vendor to better serve you, while helping you to understand their side of the business.

4. Value is an important concern

Vendor management services are about more than just getting the lowest price. The lowest price will often bring with it the lowest quality. You will, in the long run, be better off paying more in order to receive better quality. Any vendor that is serious about the quality they deliver won’t have a problem specifying the details of that quality in the contract.

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Commonly Used Methods for Generating Insurance Leads

While two of the most popular methods of insurance lead generation are direct mail and telemarketing, you should be considering how the Internet could now help you create viable insurance lists as well. In the old days an agent would open up the phone book and start calling, but one way to insurance lead generation on line is performed today is to use banner ads. These are ads whose main purpose is to attract the eye of visitors to your website.

Prospects click on them, are taken to your call to action form and hopefully complete their contact information. In this type of lead generation, you pay per 1000 impressions, similar to running an ad in a magazine where the cost is based on the circulation. Generally, this is the type of insurance marketing best used on small sites that have local traffic in your area. You have to determine where best to place these banner ads so you get maximum traffic.

How Pay-Per-Click works

One of the more popular methods is to use pay-per-click marketing with the major search engines (Google, Bing, Yahoo) so that when a prospect does a search for your product or service, they will see your advertisement.

You pay the search engine for each click, and how much you pay is determined by how much you bid. The end result is that the prospect, upon clicking your ad, is then directed to your landing page. If it is well written and engaging, hopefully the prospect will take the next step by filling out your form with their contact information.

By targeting your ads to just your geographic region you can avoid being outbid by bigger life insurance companies and annuity companies. If you concentrate on just your area you are more likely to get plenty of insurance leads.

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Good Tips to Help You Float Your Boat

As the temperature rises, so does the urge to free the boat from winter storage and take it out on the water. Before you do, make sure you take care of some basic, routine maintenance that will help ensure your vessel is as ready for the waves as you are. After checking with your agent to ensure you have the right boat insurance in Westchester, head to the local marine shop to purchase the tools and supplies you need.

Start with a good wash, with cleaning products designed specifically for boats. It’s a great way to protect the finish on your boat, and it can actually reduce your fuel costs—considering that a dirty hull covered with algae, barnacles and the like can drain up to 30% of your fuel efficiency.

Change your oil

Four-stroke outboards, inboards and stern drive boats are much like cars in the sense that they need to have their oil changed regularly. Consult your mechanic or owner’s manual to find out the frequency specifically recommended by your boat manufacturer, but many experts say to count on performing an oil change at least once a year, or once for every 100 hours of engine operation.

If you’re at all mechanically inclined you can change the oil yourself. First, warm up the engine by letting it run for several minutes. Then turn off the engine, remove the oil drain plug to let the old oil run out; replace the oil filter and drain plug; pour in the required amount of new oil, making sure to use a good marine-grade quality product. This type of oil is made specifically for boat engines, which work much harder than automobile engines; auto oil is not intended for use in boat engines.

Check the propeller

While you’re at it, check the propeller on your outboard or stern drive boat for nicks, dents, fishing line that may have become wrapped around the shaft, and so on. Have any type of damage repaired before you hit the water, as even a small dent in the propeller can result in a 10% loss of engine performance, causing the engine to work harder and more fuel to be consumed. Finally, talk to your professional insurance agent, who can provide you with more information when it comes to boat insurance in Westchester.

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Types of Condo Insurance Available to Owners

Insurance should probably be one of your primary concerns if you are in the market for a condominium unit. Much like homeowner’s insurance, condo insurance coverage is designed to protect an owner from property damage and from liability issues. However, the insurance needs for a condo do differ from those for a single-family house.

 

Think of a condo as an apartment that is owned rather than rented, since you have access to common areas, such as walkways, gardens, playgrounds, and trails. With a condo your ownership is confined to the interior of the unit you have purchased, so for this reason, your insurance requirements are limited to covering the contents in that interior space as well as your liability.

 

The rest of the condo complex is insured under a master policy, which is held by the condominium association. You’re paying indirectly for that condo insurance coverage via the fees you pay to the association, but your personal policy doesn’t need to cover areas outside your unit.

 

Property damage insurance offers protection to individuals

 

The primary type of condo insurance needed is property damage, which covers certain perils that might cause damage to your unit. A fire, lightning or hurricane damage, for example, could destroy the entire interior of your unit, so insurance is necessary. However, there are also certain exclusions under the policy that require additional insurance. Floodwater damage, for example, is not covered under basic property damage insurance.

 

Personal liability protects you when others get injured

 

If a friend or relative comes for a visit, slips on your kitchen floor, and breaks their leg and decides to sue you for negligence, personal liability insurance will cover any damages that must be paid out as well as your legal defense until the coverage is exhausted, which is why it is important to protect yourself from claims made against you.

 

Contents coverage for your valuables and belongings

 

A contents coverage policy is designed to protect such items as furniture, appliances, electronics, etc. (jewelry and other collectibles are insured up to a specific amount and should be scheduled and appraised for additional coverage). There are limits to contents coverage on your insurance policy, so make sure you purchase additional coverage for any valuable items that exceed these limits.

 

“Loss of use” is the final piece of the puzzle

 

If your condo is destroyed in a storm and you have to find somewhere else to live, even temporarily, until the damage can be repaired, then loss of use Massachusetts condo insurance coverage is available for this situation. It can also pay for other needs like property storage. There are different coverages for all aspects of your personal needs.

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Do You Need Boat Insurance?

 The National Marine Manufacturers Association reports that in the year 2010 more than 75 million people participated in recreational boating in the United States. With so many people owning boats, driving boats, and riding on boats, it is important to think about boat insurance in Westchester when you purchase a water craft. Legally, you are not required to purchase boat insurance. Due to the fact that there are many risks associated with boating, however, it is an extremely wise idea to purchase some kind of boat insurance.

What Will Boat Insurance Cover?Boat insurance Westchester

 There are many different types of boat insurance in Westchester. Your policy will vary greatly depending on your needs. For example, a boat owner with a small sailboat requires a very different policy that someone who travels the seas in a yacht. Here is an idea of coverage you can request in your policy.

  • Liability in the event someone is injured on your boat or because of your boat
  • Theft
  • Vandalism
  • Accidents
  • Damaging weather and/or natural disasters
  • Towing insurance
  • Fire and flood
  • Personal property to cover fishing gear, water skis, and other valuables
  • Uninsured boater insurance

This is not a comprehensive list of the coverage you can receive when you purchase boat insurance in Westchester. You may not even need everything on this list. To determine what your boat insurance policy should include, contact an insurance company.

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Workers Who Are Unfit or Unwell Can Complicate Workers Comp Claims

Operating an auto body shop is a physically demanding business, from the first car of the day that’s lifted on the hoist to the last car of the day that a worker has to crawl beneath. Injuries that occur on the job can happen at a moment’s notice—and when they do, other medical issues that are already present in the injured employee (such as diabetes, obesity, smoking-related illnesses, or otherwise poor physical health) can make for a lengthier and more difficult recovery, and result in a more costly vehicle repair workers compensation claim. This is particularly true in cases where the worker has sustained a severe injury that requires surgery.

For example, Mike at The Body Shop suffered a herniated disc when he slipped on a puddle of oil and took a hard fall on concrete. What’s complicating the matter is Mike’s fondness for chili cheese fries and deep-fried anything has him tipping the scales at close to 400 pounds, and the surgeon requires Mike to lose at least 75 pounds before he will operate on the herniated disc—a requirement that could easily add several months of temporary disability and doctor visits (not to mention tens of thousands of dollars) to the insurance claim. In most cases, a worker’s preexisting condition (such as Mike’s existing morbid obesity) does not exempt the employer from the requirement to cover the cost of medical care for the injury and offer insurance benefits until either the employee can return to work or the maximum benefits are exhausted.

To minimize complications like these, it’s important to adopt a wellness program at work and establish incentives to engage workers to take part in the program. Bottom line, employees who are in better health overall result in fewer health insurance claims and fewer vehicle repair workers compensation claims as well, which leaves more money in the business owner’s pocket. Talk to a professional insurance agent today about how a wellness program can reap physical and financial rewards for your shop.

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Carrying the Correct Boat Insurance Policy

As the owner of a boat, you enjoy the luxury of having a watercraft to venture the high seas, for a fun cruise around the harbor, or to embark on a fishing expedition with friends or family. Owning a boat can be a lot of hard work, but it is also rewarding to be able to entertain others with the experience of seeing parts of the world that would be difficult to navigate without the use of some type of seaworthy vessel. But you need to also be aware that there are certain circumstances that can affect a boat insurance claim if you’re ever involved in AN accident.

If you are involved in a boating accident, and currently carry a Massachusetts boat insurance policy, your insurance company will carefully evaluate the circumstances that were involved in the accident and make a decision to pay the claim or not, based on those circumstance and any exclusions in your policy.

Potential claim problems for boat insurance

When you file a claim for a boating accident, the insurance company will try to determine if you were following laws and regulations regarding the operation of your boat. If, for instance, you were operating the boat while intoxicated or under the influence of drugs or alcohol, many insurance companies explicitly deny liability for the accident, and any damages or injuries that result from any accident resulting from these types of conditions. By violating these laws you have violated the terms of the boat insurance policy and they will generally not pay a claim under these circumstances.

Carrying the right type of insurance is of the utmost importance

Furthermore, if you are involved in a fishing boat accident, yet you have ski boat insurance, chances are highly likely that the insurance coverage may not pay your claim. Because there is a wide variance in the type of boat insurance coverage that is available, it is difficult to speak in general terms about what circumstances would or would not imperil a claim.

For example, most policies define natural perils as being those physical elements that expose your boat to the risk of loss. These include fire, water, wind and other natural occurrences. To the extent that you are imperiled from filing a claim depends on which, if any, natural peril is covered.

Therefore, you should always make sure that your particular boat insurance policy covers the type of outing you would be engaged in. As a precaution, you may want to consider a general liability policy that will cover you for any boat that you operate or are a passenger on.

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