There’s more to trucking insurance than making sure vehicles are covered from accidental damage. There are scenarios where additional expenses aren’t covered by traditional policies. That’s why sensible haulers turn to motor truck cargo coverage to fill in the gaps.
Peace of Mind
Cargo carriers are responsible for their freight until it is unloaded at the final destination. Anything that happens on the road is the transporter’s liability. While standard coverage will take care of the vehicle, driver and even some of the cargo, most policies don’t include other major aspects of accidental loss. The policy specialists at atminsurance.com lay out some of the most common problems that regular plans just aren’t concerned with, but every transport business should.
- Full coverage of cargo
- Chemical and poisonous spill cleanup
- Fire department surcharge
- Earned freight coverage that takes care of lost income thanks to missing/undeliverable cargo
- Reward coverage for information leading to stolen property
- Data loss coverage
Without the proper policy guidelines, a cargo transport business could face dire repercussions from an event that was completely accidental in nature. Make sure your vehicle, driver and cargo are all secure in case the unforeseen happens. Having motor truck cargo liability coverage keeps companies safe, letting drivers make their deliveries knowing that Corporate has their back!
Insurance is a vital tool for modern businesses, especially those that deal with food. It relieves business owners from the stress of dealing with costly legal fees when an accident happens. It also helps in employee retention, since workers know they are protected. Here are some helpful tips to observe when choosing a restaurant insurance policy.
Understand the Various Restaurant Insurance Programs
As referenced on https://www.iwains.com/, the standard insurance programs for restaurants includes workers’ compensation, commercial property insurance, general liability insurance, and crime insurance. Understanding them will help you choose the most suitable for your restaurant.
Consider Pricing Factors
The main pricing factors for restaurant insurance programs include the business location, business operation hours, size of the business and much more. Your insurance company will consider these factors when deciding on the cost of your policy.Be honest while giving the details of your business.
Choose the Insurer Wisely
There are many insurance companies that offer restaurant insurance coverage. Their rates and terms are not the same, which means you should only work with the firms whose terms match your needs. Also, the best insurer should have been in the industry for a considerable period.
Understand the various type of restaurant insurance in the market, consider the best pricing, and work with a trusted insurer to get the best insurance coverage for your restaurant.
Executive management helps keep the business on course to achieve long-term goals starting today. Unfortunately, they also have unique liabilities other employees do not face. Executive liability insurance helps covers these liabilities, so management can continue moving the business forward.
The experts at Daniels Insurance Agency states that additional insurance protection helps protect beyond what the general liability insurance covers. Common additional policies necessary to protect these higher-level execs include Directors & Officers, Employment Practices Liability and Fiduciary Liability Insurance.
The reason for the additional insurance protection comes down to the uncommon exposures faced by private executive employees. Certain business activities fall on their plate rather than the general employees. Relationships with customers, regulators, creditors, and competitors put the executive at increased risk. Other uncommon exposures include perpetuation planning, raising capital, trade secrets, and mergers and acquisitions.
While a general liability policy covers items such as bodily injury to third parties on the business premises, insurance for executive liability covers breaches in fiduciary duty, mismanagement, and individual director protection. Depending on how large the business is, the company may need one, two or all three policies for adequate coverage.
Protect your executive management team with executive liability insurance. This information should clear up any misunderstandings between executive liability and general liability insurance policies.
Running a restaurant, you already know the reality of the risks that you take in the industry — and one major risk is a foodborne illness. If your restaurant has had an outbreak, the best thing that you can do is to not panic. Here are the steps you should take in case of an outbreak of foodborne illness.
1. Call the Health Department
Instead of waiting for someone else to do it, make calling
the health department your own job. This is one way to get professionals on the
job ASAP, but also to take ownership and show that you’re responsible and
willing to do right by your company.
2. Contact Your Insurance
Some restaurant insurance policies contain coverage for spoiled food or loss of business thanks to foodborne illness. Contact your rep at Brynes Agency Insurance to see what your options are.
3. Get to the Bottom Of It
Food poisoning doesn’t “just happen;” there is always an underlying cause for it. Methodically go through your kitchen, freezer, and workspace to figure out what happened and how to rectify the issue.
If your patrons suddenly start getting sick, this is not the
sort of reputation you were asking for. Take responsibility for an outbreak at
your restaurant and take the steps to make the situation better.
A business that centers around construction can offer a number of unique risks to business owners. As mentioned by recent statistics, this industry is one that tends to invite a lot of risk to employees and owners alike. All it takes is for one small thing to go wrong and businesses can be looking at expensive and complicated legal struggles. Luckily, proper insurance coverage like OCIP can make a world of difference to your feelings of security.
Focus on What Matters
As reported by Haughn & Associates, an Owner Controlled Insurance Program is one that might be able to greatly benefit business owners in the construction world. When you are faced with wrap-up procedures, you might assume that the worst of a job is behind you. Unfortunately, someone can still get injured or damage property during this period. Sadly, most insurance plans don’t cover wrap-up. By taking charge of your policy with an owner-controlled option, you can include all of the options that meet your needs. Benefits of this program include:
- Improved workplace safety
- Control over claims and coverage
- Reduced litigation
Stay Covered Always
In order for your construction business to stay successful, you need to guard it against the unknown. The best and most effective way of achieving this goal is by taking out an appropriate insurance plan that keeps you protected in an array of situations.
Most employees determine whether or not a job is right for them based on specific factors. The benefits an employer offers, for example, can make or break a decision. In order for your company to find the absolute best candidates for an open position, you need to offer competitive benefits. You must also remember to protect yourself throughout the process. EBL coverage ensures a simple error won’t lead to a costly fix on your end.
Common Errors Are Costly
As reported by the professionals at https://www.wwspi.com, Employee Benefits Liability Insurance covers an employer in the event of basic errors and omissions related to employee benefits. The coverage will tighten all of the language used in the literature surrounding your benefits package so each member of your team knows exactly what his or her benefits include. This type of coverage also includes:
- Maintenance of vital files related to benefits
- Enrollment period control
- Termination and new hire assistance
Keep Your Employees
Offering competitive benefits is a fantastic way to attract the best talent to your company. To keep yourself protected, liability insurance for employee benefits is a must. This is a surefire way to keep yourself covered from errors and omissions while simultaneously providing your employees with a comprehensive understanding of their benefits. Research your options and discover the best coverage for your company.
Owning and operating a marina can be a rewarding experience. Of course, it can also be a headache. When something goes wrong with your watercraft or rental is damaged by a boat unaffiliated with your business, it can be very difficult to sort through the financial and legal side of things. Luckily, there are many ways to protect your marina. One of your best bets is taking time to review and invest in PWC insurance.
Areas of Coverage
As reported by the experts at www.merrimacins.com, personal watercraft can include jet skis, wave runners, and sea-doos. If you rent any of these out to customers at your marina, then you absolutely want to understand the benefits of personal watercraft insurance. Common coverage will include protection against bodily injury for anyone who is operating the watercraft at the time of an accident. Additional areas of coverage include:
- Hull coverage to protect the watercraft
- General liability
- Premises liability for accidents that happen at the marina itself
Avoid Future Troubles
When you own a commercial or recreational marina, watercraft are a big part of your daily operations. Without the right coverage insuring your equipment and the people who rent it, you are opening yourself up to a world of financial and legal difficulties. Give yourself time to review your options and discover the coverage that will keep you and your assets secure.
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.
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.
Professional liability concerns plagued each industry, but the types of risks and exposures vary according to the job duties and profession. Social work liability insurance is designed to address the elements of risks most commonly faced in this area of service.
Social Work Risks
The discipline of social work strives to improve the well-being and quality of life for members of the community, as well as at-risk or disadvantaged populations. Even though social workers attempt to help others, the complexities of their work sometimes give rise to liability-based lawsuits for both frivolous and evidence-based claims. Data found on the website for Huntersure LLC suggests that there are tens of thousands of lawsuits filed each year across the industries, with those in social work exposed to this burden as well. The most commons claims filed against those in the industry are below.
- Sexual Misconduct
- Incorrect Treatment
- HIPAA and Lost Data Issues
- Patient Suicide
- State Board Complaints
- Information Breach
- Malpractice and Care Management
Those in social work shouldn’t be surprised at the potential for a liability claim against their services, as today’s society has become increasingly litigious. Rather than struggle to address defense costs, reputation management, or paying out a settlement, speak to your broker about carrying a professional liability policy that addresses the activities and elements of your profession.
Public liability insurance can be a great way to save money by accessing the liability coverage your business needs without overpaying for policy areas where you aren’t going to benefit, but many companies that only need public liability coverage at the beginning wind up evolving into more complex structures, with risk management needs that are also a little more advanced. General liability includes coverage that helps if your employees are injured on-site, as well as protections for liability incurred due to problems in the workmanship when you perform services or make products. Deciding on comprehensive general liability insurance vs public liability coverage can be difficult, which is why resources from experienced providers like www.usrisk.com/ are so useful.
Keep in Touch With Your Insurance Broker
It’s not just the upgrade from public liability to general liability that becomes important as your business grows. You also need to keep up on the value of your coverage to make sure the policies that you have continued to fully cover the risks your business incurs. Even without a need for a wider policy net, an increased volume of business can lead to your needing to expand the policy maximums, tweak your deductibles, or to make other changes. Sometimes, it’s not even about expansion, it’s about record-keeping, like when you need to move coverage onto a new vehicle or end the coverage on the one you’ve sold.