As a condo owner, you have exposures beyond the coverage provided by the condominium or co-op association. While the association will normally cover liability for accidents affecting your guests while they are on common property (pool area, walkways), and your own condo policy provides liability insurance for accidents occurring in your residence, the amount you have may not be enough, especially in today’s litigious environment.
If you want extended liability limits, a personal umbrella insurance policy will offer you the ability to add to the amount of coverage you have. Not only will an umbrella policy extend the limits on your condo policy, but it will also extend coverage of your other liability policies, such as automobile and boat.
Some examples of why you could be sued and the need for additional liability insurance
There are instances when you might need additional liability coverage, including the fact that multi-million dollar judgments are commonplace and attorney fees can be significant and your standard policy may simply not be enough. Moreover, many of the risks aren’t immediately apparent, but now is the time to consider this important coverage, since it needs to be in place in order for you to take advantage of the benefits the added coverage provides. Following are some incidents that can occur you should consider:
- You may be involved in a car accident with someone who gets severely injured and you are sued and found responsible; the limits on your auto policy will fall short in a million-dollar lawsuit
- Someone could accidentally fall or get injured on your property – inside your condo – and sue you for bodily injury
- While playing golf you might hit another player with a stray ball who ends up with a severe head injury
These are all occurrences that could take a toll on your personal finances without the added protection of a personal umbrella that serves to enhance your Massachusetts condo insurance.
Obtaining quality Florida business insurance is an important part of running a successful business that provides sufficient protection from the many risks that you and your company face every day you open your doors to the public (and even when the “closed” sign is in the window). If you are wondering how to obtain the best, most comprehensive policy at a reasonable price, just know that your search becomes much easier when you turn to a professional insurance agent to guide you. Here are just a few of the things your agent will want to discuss with you:
What Affects Your Premium Amounts?
The amount of exposure your business will face. The amount of your policy premiums will also in part be determined on the location of your business, the type of building in which your business operates, the proximity and ability of the local fire department, the coverage amount you select, your track record—(have you filed many claims in the past?) and the deductible amount you are comfortable with assuming—that is, the out-of-pocket amount you will pay in the event of a claim. Higher deductibles generally result in lower premiums, but in exchange for that price discount you are taking on an additional element of financial risk; your agent will go through the pros and cons of each choice to arrive at the best decision for your circumstances.
Of course, prices for coverage will also vary from one insurer to another, as does the specifics of what is covered and what is excluded from the policy. Coverage can be purchased separately on an a la carte basis or in a combined package with typical coverage options that together form a business owners policy, or BOP. If your business has unique, very specific exposures, it may be a good idea to purchase additional coverage for those risks.
Talk to your agent for recommendations on a Florida business insurance program. That way, you can focus on profits while your agent focuses on protection.
Every state has a dog bite law in place to protect the victims of dog bites. However, this law is just part of a safety net that you can build on and strengthen. By identifying potentially hazardous dog situations before engaging and by having extra insurance, you can be better covered in a worst case scenario.
Measuring The Risks Of A Dog Bite
There are several factors that can contribute to a potential dog bite or attack, which can range from the mental state of the dog to the circumstances that the dog is in. These can include:
- The dog in question being male
- Agitation, fear, or pain
- Dogs traveling in packs
- Breed type
- Tethered or chained dog
- Newness (either of the dog to a home, or a new person entering a home that a dog is already part of)
Any of these can up the risk factor of a dog becoming willing to bite a person. If two or more are present, the dog should be avoided to prevent bites from happening.
Protecting Yourself As A Dog Owner
Under nearly every dog bite law, the owner is responsible for the dog that does the biting and therefore has to cover any costs that could come from a bite. To further protect yourself in the case of a bite, you should look into getting insurance that will cover bites, allowing your
In eliminating some of the risks and hazards involved in dog bite or potential dog bite cases, you will be able to save yourself much concern.
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.
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.
Courtesy of: Renters Insurance from Newman Crane & Associates Insurance, Inc.
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.
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.
Courtesy of: Renters Insurance from Newman Crane & Associates Insurance, Inc.
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.
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.