All posts by JAMA Insurance

Comprehensive Motorcycle Insurance for Non-Driving Incidents

With the many hazards that exist for a motorcyclist on the road today, collision coverage is often a top priority for bikers who ride frequently. While collision insurance is a must, comprehensive insurance for non-driving accidents tends to get overlooked. As you search for motorcycle insurance in NJ, do not make the mistake of underestimating the importance of comprehensive motorcycle insurance for your bike.


Theft and Vandalism


Because motorcycles tend to be more lightweight and compact in comparison to cars, they are typically much more susceptible to theft and vandalism. Have you ever considered what may happen if someone decided to throw your motorcycle in the back of their truck and drive away? These cases of theft are not unheard of. With the right policy for motorcycle insurance in NJ you can protect your bike from such extreme incidents.


Vandalism coverage is also a key point to look for in your motorcycle insurance policy. Whether intentional or not, motorbikes tend to get bumped, scratched, and tipped over quite often, even when parked correctly in a parking stall. Other motorcycle vandalism policies might protect bike accessories such as chrome finishes or saddlebags in the case that someone maliciously destroys or steals your motorcycle property.


As you search for motorcycle insurance in NJ, be sure to customize your coverage to protect your bike, even in non-driving incidents like vandalism or theft.


All About Auto Repair Shop Insurance

If you run a successful auto repair insurance company, you may want to consider taking out a designated auto repair shop insurance policy for your business. This policy covers all the major points included in a comprehensive business insurance policy such as liability and property insurance, as well as expenses related specifically to auto repair shops such as customer vehicles that are kept on your lot over night.


What Is Covered by the Policy


Auto shop insurance provides standard liability and property coverage for all the parts of your business. Customers and other guests are covered by the liability portion, and both office and garage areas are covered by liability. Workers compensation insurance protects your employees and your business in the even that a worker is injured on the job. Finally, a auto insurance policy protects both fleet vehicles owned by the business and customer vehicles while they are in the garage.


What You Need to Get Insured


In order to get auto shop insurance, most insurance companies require you to submit three things. The first is the insurance application itself, the second is a record of carrier loss runs dating back several years, and the third is a copy of your employee handbook or practices documentation.


It is often more cost effective to get a comprehensive auto repair shop insurance policy than to combine individual policies to get full coverage.


Temporary Staffing Insurance Can Widen a Staffing Agency’s Client Base

When workers are hired at a company with the help of a staffing agency, the staffing agency retains a certain amount of responsibility for their performance. Because of the relationship between the workers, the hiring companies and the staffing agency, damages to the company that result from the hired workers’ actions may require compensation on the part of the staffing agency. This is the reason that many such agencies acquire temporary staffing insurance.


Optional, but Sometimes Required


Temporary staffing insurance coverage is not a requirement for a staffing agency. However, the absence of such coverage can severely limit the companies that will do business with a given staffing agency. In order to maximize the pool of potential clients, agencies responsible for placing temporary and temp-to-hire workers should acquire the appropriate insurance plans.


Recommended Insurance Plans


A good temporary staffing insurance plan will include such components as general liability and professional liability. General liability deals with property damage that a worker may be immediately responsible for. Injury to persons is also included in this type of coverage. Professional liability, on the other hand, covers financial losses resulting from lawsuits brought on by a worker’s negligence. Any type of work that could involve malpractice necessitates a solid professional liability insurance plan on the part of a temporary staffing agency. With appropriate insurance coverage, a staffing agency will be prepared to handle any situations in which it may be held partially responsible for a worker’s misconduct.


Frequently Asked Questions About Surety Bonds in New Jersey

A surety bond in New Jersey is typically required for contractors who are bidding on projects. If you are a contractor that has been asked to provide evidence of a surety bond, you may have questions about what a surety bond is and why you need one.


Here are answers to some of the most frequently asked questions about a surety bond in New Jersey:


What is a Surety Bond?


Because you are required to have a surety bond, it is helpful to understand exactly what it is. A surety bond is basically an insurance policy amongst the contractor, the client, and the insurance company that guarantees your promise to fulfill the terms of the contract. A surety bond allows you to bid on projects without having to pay cash as a deposit.


Who Needs a Surety Bond?


Whether you are bidding on public or private construction projects, you will likely need a surety bond. Typically any project that is worth more than $150,000 requires a surety bond.


Who Supplies Surety Bonds?


Insurance companies offer many types of surety bonds for contractors. Some examples of surety bonds include bid bonds, performance bonds, payment bonds, labor and materials bonds, and maintenance bonds.


To find out which types of surety bonds are right for your situation, contact an insurance agent. An experienced insurance agency will have the knowledge and expertise for your unique bonding needs.


Key Insurance Coverage Areas for Commercial Shopping Centers

Compared to other commercial real estate businesses, shopping centers face unique areas of risk. Unfortunately, many New Jersey shopping centers are only covered by standard commercial real estate policies, which can leave them significantly exposed. Shopping center owners who are reviewing their policies for real estate insurance in New Jersey should strongly consider adding the following two types of coverage if they are not already in place.


Crime Insurance


Although thieves can target virtually any business, commercial retailers are especially vulnerable. Crime insurance can mitigate this risk by providing reimbursement for stolen merchandise. When choosing a policy, shopping center owners should carefully review its specific provisions. In addition to simple cases of theft, crime insurance may cover employee theft, forgeries, and fraud, but these are not necessarily standard areas of coverage on every policy.


Alcohol or Food Borne Liability


If a shopping center includes restaurants, bars, or liquor stores, owners should consider taking out one or both of these policies. Alcohol liability policies protect against liability for accidents caused by alcohol served or sold on the property. Food borne liability policies protect against claims brought by people who suffer from food borne illnesses. These claims present a real risk even to businesses that strive to be careful and legally compliant.


Other Areas to Consider


Shopping centers owners buying real estate insurance in New Jersey may also want to look into cyber liability, pollution liability, and other coverage areas that are becoming increasingly necessary. An insurance agent can help a shopping center owner understand these various policy options and decide which ones to choose to ensure optimal coverage.


Three Basic Types of Commercial Laundry Insurance

The commercial laundry industry has unique and specialized risks that require customized insurance plans in order to provide adequate coverage. From dry cleaners insurance to uniform rental insurance, there are a few different types of policies that benefit the different branches of the industry. Finding the right one for your business requires you to understand each type and what they cover.


Uniform Rental Insurance


Small businesses that specialize in the rental of uniforms need this coverage in order to protect against the loss and damage that can occur due to the day-to-day use of their assets. These companies are in the business of lending out different clothing items to other companies for their employees to use. Without specialized coverage, each and every damaged piece of clothing can create a big cost.


Dry Cleaners Insurance


A dry cleaning facility has many specialized machines and employees who are at a higher risk for injury. Insurance specifically for dry cleaners provides protection for the unique needs of these businesses.


Linen Supply Companies Insurance


Most linen supply companies take in soiled linens for laundering and supply their clients with cleaned and pressed items. Coverage for these businesses’ delivery trucks is necessary to protect against the risk that comes with driving commercial vehicles.


Whether you need coverage for your dry cleaning business or uniform rental insurance, you should invest in the right policy for your company’s needs.


Insurance Blogging and Content Marketing

Content marketing is one of the most important tools for insurance companies trying to sell their products. It helps to differentiate your company from the others, it tells your story and gets customers’ attention, it attracts search engines and boosts your rankings, and it helps to increase leads. One of the best ways to do this is through keeping a blog—insurance blogging is a great way to build your company.


Corporate Blogs


Blogs are becoming more and more popular for businesses, since they provide content that people enjoy reading and helps elevate a brand. The offer a number of informative posts to interest customers, as well as providing the company an outlet for corporate news. They are a very popular form of content marketing.


Blog-Writing Services


It can be a hassle for an insurance company to write a blog, but services exist that can produce a blog for them. When done by a quality company, this will often consist of interviewing the insurance business to understand the company culture, products, and services. This helps to bring a unique voice to the blog. Then they use talented writers to create fresh and engaging content.


Any good SEO (search engine optimization) strategy requires content marketing, and one of the best content vehicles is a blog. Insurance blogging is a great way to increase links to your site, generate buzz, and help your company grow.


What Types of Businesses Benefit From Directors Corporate Liability?

When you deal with clients in the corporate world, they may have very different needs than some of your other clients. Fortunately, there are insurance wholesalers who can help you design an insurance package that will be specifically made for each client you are dealing with. Directors corporate liability can be tailor-made so that your clients have protection for their specific needs. The following are a few of the corporations that can benefit from this type of insurance through a wholesaler:


  • Credit Unions
  • Initial Public Offerings (IPOs)
  • Non-profits
  • Privately held companies
  • Publicly traded corporations


Within each of those businesses, there are various coverage types, with each one aimed at specific needs of each corporation. One aspect typically insures the directors themselves, in addition to the officers and personal assets. Another aspect typically insures the company when officers and directors are indemnified in a claim. A final aspect insures the company when it becomes a defendant.


As an insurance agent, your clients who are directors of corporations look to you to provide them with the protection they need for various, specific aspects of business. Whether your clients run non-profits, privately held companies, or if you have clients from a variety of corporations, let a wholesaler put together a directors corporate liability package that will benefit their company the very most. Contact an insurance wholesaler today for more information.


The Fundamentals of Workers Comp Insurance

If you have employees, then you need to make sure that you also have PA workers comp insurance. It doesn’t matter how many or how few employees you have, you never know how much a single workplace accident can cause you, and you probably hope that you never have to find out how much. Protect yourself and your employees with the right coverage.

What’s Provided?

Specific and comprehensive benefits are provided with workers comp, including lost wages, medical expenses, death benefits and vocational rehabilitation. Now that you see examples of what’s covered by workers comp, you have a better understanding of just how much you stand to lose without coverage. Something else to think about with PA workers comp insurance is that by not having it you leave yourself open to having to pay state penalties.

Changing States

If you plan on moving your business to another state, make sure that you familiarize yourself with your new state’s laws regarding workers comp before you relocate. The reason for this is that there are some states that require employers to get insurance through state-operated funds, which is the only way to make sure that employees are legally covered.

If you are the sole proprietor of a business or in a partnership, you more than likely won’t be required to have workers comp insurance, but it can be a good idea to get some type of professional insurance for your protection as well as for the protection of anyone you work with in the future.


Specialized Canine Coverage Protects Against Excessive Liability Costs

Every year nearly 4.5 million individuals are bitten by dogs, with an average claim cost of around $24,840. According to the CDC about 1 in 5 dog bites will require medical attention, making it crucial that pet owners ensure that their companions are fully covered in event of an unexpected injury-related incident. Homeowner’s insurance and renters’ coverage plans often provide only limited liability coverage, and frequently deny coverage based on breed. However, the Federation of Insured Dog Owners in Florida (F.I.D.O.) can help concerned owners to gain access to comprehensive coverage regardless of pet breed.


A Different Way to Asses Risk


While many insurance providers will refuse coverage based on breed alone, F.I.D.O. members have unique access to plans with a nuanced approach that better serves pet owners. Members can get an easy self-rating quote based on a combination of breed, weight, and size considerations as well as important factors such as responsible, ongoing veterinary care, well-fenced enclosures and yards, and cohabitation with children.


Conscientious Coverage


In addition to improved coverage options, members of the Federation of Insured Dog Owners in Florida will appreciate the fact that annual membership fees are used to fund a variety of support rescue groups and educational pet programs. If you are concerned that your current renter’s or homeowner’s insurance plan does not provide sufficient coverage, or breed restrictions make such coverage difficult to find, you may want to consider looking into this innovative insurance offering.