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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.


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.


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.


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:

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.


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, 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.


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.


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.


Protections for Your Retail Business

Protections for Your Retail Business

Running a retail shop can be a great way all to provide goods to the community while earning profits. As an owner or manager of a retail store, the possibilities of how you design your store and what you sell can be virtually endless. Regardless of the type of retail store you run, it is important that the proper foundation is put in place to minimize anything that can threaten your profits and the way your store is perceived by existing and potential customers. Taking the time to first focus on important matters such as retail business liability coverage and other pressing issues can be a great starting point for those interested in setting up shop.

Minimizing Risks

Trusting an expert in the industry such as Moody can make the startup process easier, quicker and more thorough. Because of the risks involved in running this type of business, it is wise to ensure that a plan is put in place to prevent these types of mishaps from happening. Some things to consider include the following:

  • Workers compensation
  • Liability for employee actions
  • Accountability for products being sold
  • Recovery from crime, natural disasters, cyber-attacks or equipment failure
  • Miscellaneous business interruption

Providing exceptional customer service, selling the most sought-after products and growing profits can become attainable goals when you know that these types of incidents won’t easily undo your efforts thanks to the proper safeguards for your retail shop.


Choosing the Best Insurance Company

Choosing the Best Insurance Company

It is surprising how often you hear stories about how someone chose the insurance company that covers his or her company, home, or life. Perhaps the individual knew the agent in school, or his or her parents used that company. Remarkably, very little thought often goes into selecting and retaining a company that may be insuring part of your future.


Making a wise decision regarding the right insurance firm can be difficult because of all the insurance storefronts in most towns. Another problem for many small businesses or startup owners is the time it can take to interview companies and compare rates. Program Business understands the problem many company owners can face, so the indemnity company put together a list of insurance storefronts to simplify the search.


Understanding the different types of insurance programs available, and if you will require specialty or add-on insurance policies is the first step in locating insurance in your area. Do you require off-site insurance, a construction policy, employee operation terms, or inland marine coverage? Once you decide the type of coverage you need, you can begin discussing deductibles and premiums.

One thing you should remember is that the agent may cover you with a package of insurance, but he or she works for a company – not you. Discuss claim methods and payout processes to understand the business better before you decide on an agent that will protect your future.


What Is Accidental Death and Dismemberment Insurance?

What Is Accidental Death and Dismemberment Insurance?

As a business owner, it’s your responsibility to make sure your employees receive the insurance coverage they’re qualified and entitled to receive. The better your insurance offerings, the more likely you are to attract good employees that will stay with you for the long term. One of the policies you can potentially save money on is an accidental death coverage policy. Since it can frequently be combined with a group life insurance policy, accidental death and dismemberment (AD&D) plan can be quite affordable.

What Are the Details?

AD&D insurance from iSure Insurance covers the unintentional dismemberment or death of the person insured. Dismemberment can include the loss of use or complete loss of certain functions or body parts. Loss of eyesight, limbs, hearing and/or speech would all fall under accidental death coverage. The policy will pay benefits (on top of any life insurance benefits) if the insured dies accidentally. Policies are designed to be renewed periodically.

Are There Exclusions?

Every insurer has a list of circumstances that are excluded from accidental death coverage. For example, many policies will not cover death by suicide, illness, war injury or natural causes. However, traffic accidents fall, homicide, drowning and heavy equipment accidents are typically covered. Talk to your insurance agent to find out what exclusions are included in your policy.