Business Insurance Archives - Business Insurance News

Category: Business Insurance

How to Stay Relevant As a Laundromat

January 10, 2020

In the laundromat industry, you have a lot of competitors. In order to stay relevant, you have to come up with unique laundromat ideas to hang onto customers. When it comes to adding new services, you also have to consider the types of insurance that you may need for any new services. For the most part, these services should not add much to your current coverage.

Incorporate Entertainment

Consider adding televisions to your laundromat. This provides people with something to do while they wait for their clothes to finish. Additionally, you may add books, magazines or games for clients.

Offer Snacks or Drinks

Some laundromats offer snacks and drinks. Of course, when you offer food, you do need to consider the regulations around the sale of food and drinks. You may choose a simple vending machine but you could also choose to set up a coffee shop in the building. This may also draw in new customers or those who are simply looking for a good cup of coffee.

Those at Irving weber associates, inc. suggest that you promote your services wherever you can. Consider your demographics and ensure that your laundromat ideas can reach these people. For instance, you may want to reach those in apartment rentals, in colleges and even those in coffee shops.

Managing Crowds at Concerts

December 24, 2019

There are very few people who dont enjoy a good concert. From small local shows at your neighborhood pub to sold-out performances at a 5,000 seat stadium, live music inspires, excites and invigorates. Though in order to have the best event possible, there are some things you need to keep in mind.

Crowd Control

Concert crowd control is an important component of any live performance. Youll need to think about where people will line up to get in and how quickly they’ll be able to get out once the show is over. You can read more about why crowd control is important at www.usrisk.com.

Security

Security is an important component of effectively managing concert crowds. At a bare minimum, you should have someone ensuring only ticketed guests enter the facility. However, these days it is recommended that you invest in having security officers stationed throughout your event in case anything should happen. It will increase your event expenditures but will provide incredible ease of mind so everyone can feel safe and enjoy the show.

Safety Training

Having staff who are properly trained in the following areas is a really good idea.

First Aid
CPR
Emergency evacuation procedures
How to use an AED

Ideally, all of the vendors at your event will possess basic safety training as well.

Why Is It So Important to Have Toy Insurance?

November 11, 2019

You are the kind of person who loves to have fun and take risks, and what better way to show off your adventurous side than to invest in all kinds of fun toys? Between a garage full of quads and dirtbikes to the snowmobiles that you have in storage, no terrain can stop you. As exciting and fun as your life is, have you got toy insurance to ensure that you, your passengers and all of your babies are protected?

Smart and Safe

If you’re generous about sharing with friends and family, then you want all parties involved to have a safe experience. Equipping them with helmets and other personal protective equipment is helpful and smart, but remember that insurance policies can do the best job of all to protect riders.

The experts at https://www.dsayles.com point out the multitude of things that could happen: A collision with another vehicle, for example, which could put you or someone you love in need of medical attention. To avoid costly medical expenses (and yes, even a lawsuit), protect yourself by purchasing insurance specific to your toys. Nobody wants to get injured, but you know that accidents are sometimes unavoidable.

If you’re going to live the adventurous lifestyle, it’s imperative that you’re safe while living it. Protect your vehicles and riders by making toy insurance a top priority.

Protection You Need for Your Commercial Property

September 13, 2019

Owning real estate can be a lucrative business, but it also comes with many risks.Whether you rent out your properties or operate a business in one of your buildings, it’s important to protect your assets and manage your risks with the help of commercial real estate insurance.

What’s Covered With This Policy

Protecting your business from possible dangers means you can focus on your work rather than the potential threats lurking around corners. No matter if you run your business out of your home office or a separate office building, you need this insurance to protect your company from risks including theft, natural disasters, breakdown of equipment, professional errors and even loss of income. The following are some of the property types that can be covered by this policy:

Apartments and other housing
Homeowner or condo associations
Office buildings
Marinas and shipyards
Commercial storage and warehouses
Parking structures or lots
Hotels
Medical buildings

This is not an exhaustive list, so don’t worry if you don’t see your property listed. The information provided by iSure Insurance Brokers offers more insight into the types of properties covered by this insurance and the coverage options available.

Being Prepared Gives You Peace of Mind

Having the right insurance means you can protect your business from disasters and have peace of mind. Commercial real estate insurance offers the protection you need for all your commercial buildings and is a must-have.

Unique Protection for Your Unique Vision

August 21, 2019

All businesses have unique needs when it comes to insurance coverage. To find the best policy, it is important to take a look at your options and determine the standards for your industry. You might also want to understand whether or not your business poses any unique risks that agencies might need to know about. For these scenarios, specialty markets insurance may be able to provide the right solution.

A Relevant Fit

While specialty options can help give you access to more relevant policies, there are also decisions to make within this coverage. According to organizations like www.moodyinsurance.com, consumers should do research and find a policy from an agency that has experience with the unique market your a part of.

Specific Industries

Specialty markets insurance covers a range of businesses. Often, it aims to provide insurance for establishments that might not fall under the umbrella of other policies. Common examples of businesses that fall into this category include:

Niche markets with a single customer base
High-risk companies with high severity of loss
Emerging or undefined industries

Each of these policies is structured to meet the specific needs of a business. In order for you to find the right fit for your company, take time to learn more about your options. Reach out to professionals and gain insight on what coverage will suit your business best.

Protecting Your Business From Accidents or Injury

July 1, 2019

Protecting Your Business From Accidents or Injury

As an employer, there are few things less alarming or concerning than having an employee injured on the job. Not only can this be stressful, but from a business standpoint, this can also mean you may have to replace your employee until they recover, and even worse, deal with legal issues including costly reparations. Because of the potential consequences of having to deal with this, liability insurance and stop-gap insurance coverage can ensure your employees will be adequately taken care of in case an accident occurs.

Be Proactive

The best way to protect your business from these types of liabilities is to be proactive. This means physically setting up your place of business to be as safe as possible as well as covering yourself legally in case an accident occurs. Some things you should do well in advance include:

Ensuring your facilities are up to code

Scheduling regular maintenance services

Scheduling repairs as soon as possible

Blocking off areas under maintenance or repair

Regular training to keep employees up to date on safety protocol

Ensuring that accidents or injuries are covered in the policy and getting stop-gap insurance coverage as needed

While having a positive work environment is important, employee safety and well-being should be non-negotiable. Be sure to check if your policies are current and that all your bases are covered.

Coverage for Restoration Services

June 19, 2019

Coverage for Restoration Services

In the US, there are two types of storm chasers. The individuals that head out before a storm happens to track its progress, and the companies and individuals that come behind the storm and clean up the mess. If you are a cleaning or restoration company, you know all too well the devastation mother nature can bring to homes and businesses. Without the right insurance coverage, such as the programs offered by Moody Insurance, you might find your company devastated by liability claims. The types of coverage you should consider for your business include:

Business Property

Comprehensive General Liability

Extended Property Damage

Lost Key coverage

Crime and Employee Fidelity

Workers Compensation

Excess/Umbrella Liability

Business Automobile

The work your company will perform can range anywhere from carpet cleaning to mold removal or large construction projects. Each area of interest and services will have its own set of liabilities for employees, but the customer’s location and property can also be a concern when thinking of theft and employee actions. Traveling to the job site in a company vehicle, removing debris and transporting materials opens several automobile concerns.

When you take out a policy with Moody Insurance, you will find their areas of expertise include cleaning and restoration. With their knowledge of your industry, they can find the right coverage to meet your company needs.

Builders Insurance: Is it Necessary?

May 31, 2019

Builders Insurance: Is it Necessary?

When it comes to Santa Fe builder insurance, it isn’t always required by law. This doesn’t mean that you should skip out on it, however. To skip out on insurance is a gamble that most don’t want to take. This is what you need to know about the builder’s insurance.

Risks Without Coverage

Accidents happen. Incidents happen at construction sites that you can’t predict or stop. Due to this, you need some form of protection. If your project ends up delayed or derailed, you need insurance to keep the build from going under ultimately.

Types of Coverage

Builders risk policies come in all shapes and sizes. What your construction business requires has everything to do with the specifics of your business. Here are the three main types of coverage you’ll see.

Basic

Broad

Special

Basic coverage protects against primary risks, like lightning, wind, fire and even explosions. Broad protects against all of that, plus a little more. For instance, water damage and falling objects may be included. With individual coverage, you have protection against theft and other unfortunate incidents.

Its important to note that the builders insurance will cover not everything. Some perils require other policies.

Instead of skipping out on Santa Fe builder insurance, make sure you check all available coverages and choose what works for your business. Any amount of protection is better than none at all.

Why Insurance is Necessary for a Home Care Agency

May 22, 2019

Home care agencies involve providing care to individuals who need daily care related to housekeeping and certain medical needs. While this provides an important service to these folks, it’s important to have the necessary coverage to avoid problems. Here’s why home care agency insurance is necessary for agencies, workers, and the people they care for.

Insurance Provides General Liability Coverage

Although general liability doesn’t sound specific to a home care agency’s needs, it provides protection against problems such as bodily injury and property damage. These are more likely to occur in someone’s home than a traditional healthcare setting, so it’s important to protect workers and the agency from these problems.

Worker’s Compensation Handles Injury Issues

Injuries are common at any job. For those involved working in people’s homes moving and handling patients, this is even more common. Having a worker’s compensation program on insurance can protect against a costly issue from arising.

Professional Liability Protection

Sometimes claims against agencies and the individuals working for them can arise. Even in cases where these claims are unfounded, it’s necessary to have insurance coverage in case the agency is taken to court. Having this kind of protection keeps agencies from getting involved in costly court proceedings.

Home health care agency insurance is necessary for agencies and individuals. It can protect against accidental injuries for the person receiving care as well as the worker. Altogether, this can save agency money should they get involved in court or need to pay out of pocket costs.

Protecting Whats Most Important to You

May 14, 2019

If you run a non-profit organization (NPO), then you understand what a thankless, yet rewarding position it can be. On one hand, you’re doing something to make a change in the world and that is a noble goal. On the other, your funding is not government-issued and comes only from donors, and that is difficult. No matter what your cause is, protect it with specialty NPO insurance plans from companies like Moody Insurance.

What Kinds of Insurance?

Being an NPO doesn’t mean that you don’t need the same coverage as any other small business. Opt for insurance plans that protect you and other employees, the physical residence and any vehicles that your NPO might use.

General liability coverage is one of the most basic, yet most important insurance plans for any business. It protects the organization in case someone is injured on the premises or their personal property is damaged.

You insure your personal vehicle, extend the same courtesy to any company vehicles. This includes vans, trucks or any other vehicle that employees or volunteers will use.

If your building is damaged by the weather, vandals or any other sort, cover it with property insurance. Your out-of-pocket expenses will be much less with this kind of policy.

NPOs are important fixtures in the world because they make changes happen. Protect your baby by being sure it is properly insured.