All posts by JAMA Insurance

Insurance for Propane and Fuel Oil Dealers

Insurance for Propane and Fuel Oil Dealers

Propane and fuel oil dealers face innate risks daily. Their ordinary operations involve multiple phases that carry dangers. The right insurance is paramount to protecting workers, companies, and the public. As seen on https://www.tangramins.com, some specialized insurance businesses focus on reducing risk for fuel oil dealers.

Who Needs Propane and Fuel Oil Dealers Insurance?

Many types of companies benefit from this type of specialized coverage.

  • Diesel sellers
  • Propane sellers and distributors
  • Fuel oil sellers and distributors
  • Fuel and service stations, including convenience stores

As the needs of this industry are unique, the best insurance policies should include novel, proactive risk management, and litigation strategies.

What Does Insurance Cover?

Look for policies from reputable insurance specialists that provide a variety of coverage options.

  • Workers’ Compensation
  • Excess Liability
  • Inland Marine
  • General Liability
  • Property
  • Vehicles

Customizable policies let you choose the coverage that applies to your particular needs in all business phases, from storage to transportation.

The Benefits of Good Coverage

When you choose insurance designed specifically for propane and fuel oil dealers, you can breathe easier. Affordable options let you choose the protection you need. By taking the financial liability out of this intrinsically risky industry, you can focus on doing your job well and reducing risks overall for workers and those living nearby.

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What is Tail Coverage Insurance?

What is Tail Coverage Insurance?

With so many types of insurance on the market, it can be difficult to know what type of insurance you need. Whether you are looking for insurance for yourself, your home, your business, or anything else, it’s important to know what’s right for your needs. This article explains tail coverage insurance for the layman.

What is Tail Coverage Insurance?

Tail coverage insurance is a type of coverage that allows claims to be filed after the original insurance expires or is canceled, so long as you still had insurance when the incident/accident occurred. For example, if a person has a car accident on Monday, their insurance expires on Wednesday, and they file a claim on Friday, then having tail coverage insurance would allow the claim to go through.

According to Axis Insurance Services, tail coverage insurance may also be referred to as an extended reporting period endorsement, or an ERP. In most cases, ERPs are already available to customers who have a claims-made insurance policy. However, a Standalone ERP (Tail Policy) may need to be purchased separately. If customers are unsure of what policy they have, it’s best to ask their insurance broker.

Overall, tail coverage insurance is a great thing to look into if you need to file a claim but have recently lost insurance. Purchasing this type of insurance is also a great idea for business owners who know their business will be closing soon. Ask your insurance broker about tail coverage insurance for more information.

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The Risks Associated With Boat Rentals

The Risks Associated With Boat Rentals

To rent out a boat to another person puts your vessel at risk. While the best-case scenario involves the renter returning the boat in as good of condition as they took it, that is not always the case. Due to this fact, you may need boat rental risk insurance. Here are the risks that you face when you own a boat rental service.

Accidents

Accidents are always possible. When you rent out the boat, there is a chance that the operator could strike another vessel or an object while on the water. If this happens, then you may be the one liable for any damages. You could have to pay for the other person’s boat repair, replacement or any other damages caused by the renter.

Injuries

Likewise, injuries can happen aboard your vessel. In some cases, you may be held liable if your renter is injured on your boat. This is especially true if it has something to do with the vessel’s operation.

Experts at Merrimac Marine Insurance explain that boat owner’s insurance policies may not cover you if you rent your boat to clients. This is why you have to have specific insurance coverages to handle the rental. Renter insurance is designed to give you adequate coverage when you rent your vessels.

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The Importance of Insurance for Nursing Homes

The Importance of Insurance for Nursing Homes

Running a nursing home means providing quality care for residents of varying needs. It is important to protect not only the residents but also the staff by having the right type of nursing home liability insurance. Discover more on why this coverage is so important.

Protection Customized to Your Home’s Needs

Different nursing homes might call for varying needs, according to Caitlin Morgan Insurance Services. For example, perhaps you need excessive liability insurance with high limits because your home focuses on much older adults. Professional and general liability are types of coverage you can benefit from having since they protect both you and the people you serve. You can even add on with benefits such as coverage for a salon and special protection for directors and officers.

Helping You in Case of a Lawsuit

If your nursing home is ever part of a lawsuit, having nursing home liability insurance can help. That is because the coverage can protect your facility and allow you to keep operating, without worrying about paying additional expenses from your own pocket. This can make it easier to focus on providing care to those who depend on you.

Having liability insurance is crucial for a nursing home. It can be customized to meet the individual needs of residents and even help you in the case of a lawsuit.

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3 Important Elements Every Marina Contract Needs

3 Important Elements Every Marina Contract Needs

Marinas are designed to be safe harbors for vessels. However, the marinas themselves need specific protections from potential liability issues. The industry experts at Merrimac Marine say these all marina slip contracts need these three elements.

1. Waiver of Subrogation

This clause prevents boat owners from suing the marina if their vessels are damaged while docked at the property. Such damage might occur if vessels had to be moved during a storm, for example.

2. Required Liability Insurance for Boat Owners and Contractors

Before vessel owners even dock their boats, marinas need to ensure they have at least basic liability coverage for their vessels. If craft owners have someone out to work on their boats, marinas should make sure those people are also adequately insured.

3. Contractual Considerations

Marina contracts need to include several items dealing with situations that might arise during slip rentals.

  • The ability to cancel rental contracts if the marina is damaged
  • Contract termination if boat owners do not pay fees and follow marina rules
  • Contract termination if guests of boat owners do not follow marina rules
  • The ability to terminate rental contracts for unpaid fees

Marinas must look ahead and plan for possible problems when writing rental contracts.

Those operating marinas need to give themselves protection through careful wording. Including specific elements safeguards marinas from possible legal liabilities. Comprehensive marine insurance also offers a valuable level of defense against possible hazards of many kinds.

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The Changing Face of the Medical Spa Industry

The Changing Face of the Medical Spa Industry

If you run a medical spa, also known as a “med spa” or “medi-spa,” you know that the industry is going through many significant changes. With these transformations comes the need for a more comprehensive insurance plan. Here’s what you need to know about the risks that come with medical spa industry growth.

Who Visits Medical Spas?

Medical spas, which have successfully blended medical clinics and day spas together, have been rising in popularity. To accommodate the growing number of people who have taken an interest in med spas, many establishments offer a wider range of services to customers, including the following:

  • Acne treatments
  • Hair removal
  • Laser treatments
  • Chemical peels
  • Injectables

Services such as chemical peels and laser treatments have attracted aging customers in particular. However, as reported by Huntersure LLC, many young adults are also visiting medical spas more often with an interest in acne treatments, laser hair removal and tattoo removal services.

To keep up with these changing demands, owners of medical spas need to be aware of the trends in their industry. The constantly growing and evolving medical spa industry also requires owners to be properly protected with the right coverage. Be sure to find the insurance plan that best fits your needs so that you can be prepared in any situation.

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3 Common Questions About Insuring Your Dump Truck

3 Common Questions About Insuring Your Dump Truck

There are unique safety and liability considerations to be made when operating a dump truck. Therefore, dump truck insurance is available exclusively to the operator of such a vehicle as a specialty line of truck insurance products. Source: www.truckinsure.com.

Due to the specialized nature of insurance products for dump trucks, you may have questions about insuring them. Here are answers to a few of the most common.

1. What Are the Different Types of Dump Trucks?

Most people are probably most familiar with the “end dump” configuration in which the back of the vehicle is the dumping location. There are also side dump and center dump configurations. Insurance products are available to cover each type of dump truck.

2. What Factors Influence Insurance Costs?

There are many factors that can have an effect, such as vehicle age, location, the radius within which you operate, etc. Basically, anything that an insurance company assesses as a higher risk has the potential to increase the price of your dump truck insurance premium.

3. Are There Things You Can Do To Save Money on Insurance?

Maybe so. Your insurance company may offer you discounts on your rates if you take steps to promote safety, such as the following:

  • Vehicle inspection before every trip
  • Proper maintenance
  • Driver screening process

You may also be able to decrease your premium by increasing your deductible. It is always a good idea to ask your insurer about any specific discounts available.

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Importance of Risk Management in Intermediate Care Facilities

Importance of Risk Management in Intermediate Care Facilities

Elderly care facilities are long-term care facilities for those who cannot care for themselves. Generally, elderly persons remain in the care of the facility full-time. These are not necessarily ill patients, but instead, patients who have a variety of health problems or may need assistance with daily tasks. While all hospitals and medical treatment facilities have risks involved, intermediate care facilities or ICFs need to focus specifically on custom risk management options.

Risk Management Concerns

Nursing facilities are prone to financial claims. In an elderly care facility, for instance, the patients are often frail. They are more likely to suffer injuries. It is crucial that all caregivers and staff understand the responsibility of the facility and the risks involved. Risk management involves insurance options for these facilities. One of the biggest risks that a care facility faces is a claim of negligence.

Risk Management Options

As referenced by www.highlandrisk.com, the goal of these facilities is to return a patient to his or her home eventually. While the patient is there, the facility is in charge of medical care, medication and daily tasks. Facilities need to consider general liability, medical malpractice and professional liability to name a few.

When it comes to an elderly care facility, it is crucial that the business has the appropriate insurance coverage. Without it, the costs stack up.

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Ten Commons Workplace Injury Claims

Ten Commons Workplace Injury Claims

Although employee injury coverage is required by most states, the nature of your company’s workers comp solutions will determine how effective your insurance has protected your bottom line and claims experience. Workers’ comp plans are written to address the exposures your employees face, and the more risks in the workplace, the more expensive the plan will be. However, the cost of the premium is a small price to pay when dealing with an employee injury claim is issued against the company. Here are the most common claims filed on workers’ comp policies.

  1. Overextension of muscles or physical ability
  2. Electrocution from wiring or installation tasks
  3. Trips slip and fall on walkways or wet floors
  4. Being struck by or against an object
  5. Machinery accident causing mutilation or being crushed
  6. Transportation accidents
  7. Exposure to harmful toxins or chemicals
  8. Workplace violence between employees
  9. Accidental overdoses of non-medical use substances
  10. Death or dismemberment by fire or explosions

The group of professionals at Insure My Work Comp advise that each company establishes a risk management strategy in addition to the purchase of a comprehensive workers’ comp plan. Being able to identify the areas of risk allows a company to establish processes that can minimize the threat, helping create a more safe work environment and lowering the costs of the insurance premiums.

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Don’t Forget These Three Things Before Volunteering In Another Country

Whether you’re leaving for a mission trip with your church or are joining the Peace Corps, it’s a big deal to travel for volunteer work. How can you prepare for your trip?

Invest In Travel Insurance

Part of the goal of travel is to see new parts of the world, but if you are sick, hurt or injured outside of your home country this can create a host of problems. Investing in travel insurance for a volunteering trip is a smart way to protect yourself ahead of time and gives you a safety net in case something goes wrong. If you’re curious, check out VIS to learn more.

Get Appropriately Vaccinated

Your body is vaccinated and immune against diseases in the country that you call home, but it is not prepared for other climates on its own. Before traveling outside the country, check your general practitioner to see what vaccines you need to safely travel the globe.

Understand The Geography of the Area

A new country will mean new landmarks and unfamiliar streets. Before you leave, study a map and familiarize yourself with the area. Learn landmarks so that in case you get separated from the group, you at least have a few points of reference to find your way back.

By readying yourself to go on your trip, you’re ensuring that you are safe in the days to come. Prep ahead of time to make your experience a great one.

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