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.
As Dorothy famously kept repeating during her journey to Oz, “There’s no place like home.” Your dwelling is a sanctuary that lets you recharge and relax. Your job, in turn, is to keep your home and its grounds well-maintained and protected as much as possible. There are several facets to caring for your residence.
Break down cleaning and maintenance jobs into easy increments. For example, once weekly, clean your floors with a broom and either a vacuum or a dust mop. Bathroom maintenance can also be broken down into weekly increments such as cleaning hair out of a bathtub drain or tending to damaged or discolored grout.
Each week, set aside at least half an hour to do specific outdoor tasks. These include trimming shrubs, pruning trees, and cleaning leaves and debris off walkways and paths. Regular outside work gives your home a high curb appeal.
You need the right insurance policy for your home in the event disaster strikes. You need a policy that offers you the guaranteed replacement cost. Studies show almost 80 percent of American homes are under-insured. Source: Owens Group insurance
Regular maintenance is vital for keeping your home in great shape, inside and out. Breaking such a big job into small, regular increments makes it manageable. However, the right type of policy and amount of insurance coverage is also vital for your peace of mind as a homeowner. Should your home be damaged, you want to know you can rebuild and move forward.
Everybody likes a clean home and business, which is why professional cleaning companies tend to be so lucrative. Of course, if you’re thinking of starting your own cleaning business, it is important to know how to protect yourself and your employees, as well as your property and your company as a whole. According to Moody, these are the types of cleaning business insurance and bonding you’ll need to get started.
Business Liability Insurance
This is the first policy you should purchase for your cleaning business. It protects against financial loss should one of your clients claim you or your employees damaged his or her property. It provides protection for their property, your workmanship, and any potential medical expenses or defense costs, as well as several other situations.
Company Car Insurance
Chances are, running a cleaning business means you have company cars for you and your employees to travel between jobs. For this reason, it is important to have business automobile insurance. Remember, your personal car’s policy will not cover company vehicles. The policy should cover several situations, including lease gaps, driving other vehicles, and personal injury protection.
Depending on the state you work in and how many employees you have, you may need to provide workers’ compensation coverage. This protection is the law in many cases and is responsible for providing your employees with lost wages and help with medical expenses should they be injured on the job.
Dream big dreams about owning a thriving cleaning company but be sure to do so responsibly. Holding the proper insurance policies shows your professionalism and keeps you safe in the long run.
Why You Need a Certificate of Financial Responsibility
There are a number of moving parts involved with running a business that involves seafaring vessels. In order for you to stay successful, you need to take time to consider the various rules and regulations governing your specific type of work. Obtaining a COFR, for example, might be a vital step for your business to make in the near future. Also known as a Certificate of Financial Responsibility, this certificate is a must for any business that fits the criteria.
Who Needs This Certification?
According to the experts at https://www.wqis.com, only certain ships need to consider obtaining a Certificate of Financial Responsibility. Essentially, any boat weighing over 300 tons and traveling US waters absolutely needs this type of certification. If your vessels are under 300 tons, they will still need the certificate if they are used to ship oil in the Exclusive Economic Zone of the United States. Exceptions to this rule include:
- Self-propelled barges
- Small ships that don’t carry oil for fuel or cargo
- Ships that carry no hazardous substances for fuel or cargo
Meeting the Standards
Should your business meet the standards set forth by the United States government, you absolutely need to get started on filling out an application for a Certificate of Financial Responsibility. The sooner you get started, the easier it will be for you to protect your business against any unforeseen events.
Working with the public is unavoidable when you own a small business. Despite the need for customer support and loyalty, there are risks associated with working with the general public. These are best addressed through a public risk insurance policy. Some potential reasons for this coverage include:
- A customer comes into the office to pay a bill and the chair they are sitting in collapses.
- An individual is walking in front of your office and part of your sign falls and hits them.
- Your business is having a customer appreciation day and while in attendance, a customer trips and falls.
Although these risks seem to be hardly likely, they are possible. The resulting financial demand from a lawsuit could threaten your business. The team at https://www.usrisk.com/ recommends that you add the additional public liability coverage to help cover any gaps that your commercial general liability policy may leave.
Areas of Coverage
This liability policy covers the common areas associated with general liability but extends the coverage to the specific locations and exposures created by public traffic.
- Bodily injury. If someone is injured while on your business property, this policy provides coverage. It may also extend to those who are in the walkways or parking lots that may be considered an area outside your property.
- Property damage. The part of the coverage protects your business when damage is done to another’s property while on your property or when work is done to another property.
You have insurance that protects your home and other personal items, so why not have insurance that also defends your business? Commercial insurance companies in Florida can work with you to create a policy that protects you from liability claims and keeps your company safe.
Insurance Solutions To Mitigate Your Risks
Owning a business means you face certain risks. That is a given. However, you don’t have to worry about those risks when you have the right kind of insurance that covers you for everything from general, broad insurance to more specific coverage for your industry.
Some of your insurance options include the following:
Commercial auto coverage
Directors and officers coverage
The above list is not comprehensive, but it simply provides an idea of different policies you can choose from. In order to create a plan that reflects your needs, an insurance agent looks at your business to determine which policies best protect you against claims and loss.
Protecting Your Business Today
Protecting your business means understanding what your risks are and how to manage them. Knowing which insurance policies to choose can be difficult, but commercial insurance companies in Florida want to help you select programs that keep your business safe.
You worked hard to get where you are in life – to purchase the things you want, such as your yacht, luxury cars or special collector’s items. Now, it’s time to protect the things you love with the right innovative solutions insurance services. Buying the correct insurance for a luxury item such as a yacht can make sure your assets are covered, no matter what.
Types of Yacht Insurance
Don’t purchase just any boat insurance to cover a yacht. Take out more than the minimum for full coverage – otherwise, you could end up paying for costly repairs out of pocket. The general types of yacht insurance you may want to purchase include the following:
Collision liability insurance
Property damage insurance
Bodily injury liability insurance
Uninsured/underinsured boater insurance
You will want to speak to an agent for innovative solutions insurance services to match your exact needs. An insurance agent will get to know your assets, analyze risk factors and recommend the best type of boater’s insurance for your yacht.
Comprehensive Coverage for All Your Assets
One of the greatest perks about working with an agent is that you can purchase insurance to cover all your high-value assets at the same time at your yacht. Your agent can create a comprehensive plan to cover all your assets, using innovative solutions insurance services that can get creative with your coverage. That way, you get the best insurance for the best price.
A Consolidated Loss Prevention Plan
As a business owner, you might be very cautious when it comes to spending. Your budget might require careful consideration with every purchase, and this could extend to insurance. Although an expensive necessity, the costs incurred from lawsuits or claims when you don’t carry a liability policy can be devastating to your company. If you are thinking about protecting against a range of liabilities, consider a broadform liability insurance policy.
Comparing Coverage Options
Many small businesses opt to purchase a public liability policy to protect their company from claims of loss. These situations are associated with physical or property damage caused by a third party in a location where your business is deemed responsible. However, this coverage isn’t comprehensive enough to address concerns that arise from the use of your company’s products. This gap exposes the product as liable rather than the services or location of the business. Instead of purchasing a product liability contract, a broadform policy can address the need.
Combining Your Coverage
A broadform liability insurance policy is responsible for claims of liability regardless of whether it is public or product fault. It covers loss associated with your product or physical work. Although it is more comprehensive than an either/or situation, it is still important to talk with your insurance broker about the details. There are many details to be worked out to ensure you are fully protected.
There are many coverages that go into creating a complete insurance policy for a trucking business. Some of these cover activities that take place on your business’ premises while others cover the goods that you will be transporting. As you build out your new policy, here are two coverages that are specifically designed to cover your truck that you should plan to include in your policy.
Truck Liability Insurance
Truck liability insurance protects you in case you involved in an accident in your truck and you’re at fault. Like personal auto coverages, your policy would cover the cost to repair or replace the third party’s property and cover any related medical expenses. Because of the high amount of risks associated with driving a truck, this will be the most expensive part of your policy.
Physical Damage Truck Insurance
Physical damage truck insurance is first-party coverage that’s there to cover your truck and trailer equipment in case they become damaged. You can choose to carry coverage for specific events or go with comprehensive coverage which is likely to be more expensive. With the number of ways your truck can get damaged being virtually limitless, it’s recommended that you go with comprehensive coverage to eliminate the risk of a claim getting denied.
Of course, your policy will need to include various other coverages in order to keep your business and investment protected. Working with an experienced commercial truck insurance agent will ensure that your policy contains the appropriate levels of coverage.
How To Build a Website for Insurance Companies
When it comes to building websites, you want one that stands out and reflects your company’s brand. To do that, you need to understand how insurance agency websites are designed and what factors go into making effective websites.
The Components of a Good Website
Many people think only of colors and layout when it comes to designing a website. The truth is that there is much more to a website than those aspects, even though they are also important. For an effective website design, you should include the following four components:
User-friendly interface: Making a website easy to navigate and designed with consumers in mind is helpful to attracting customers.
Safety: A secure site makes you trustworthy and allows consumers to safely browse without fear.
Branding: This includes color, logo, tone of voice and content to help you connect with and engage with customers.
Functional technology: Nowadays, websites need to be responsive across platforms, making it easier for consumers to access no matter what device they use.
Building Your New Insurance Website
There is more to insurance agency websites than a good design and color palette. There is also a great deal of emphasis placed on how customers interact with the content and site, making it easier for them to use and connect with your agency. Keeping the aspects above in mind can help you design a website that is perfect for you.