Tag: Liability

Staying Protected in the Water and Septic Business

Water and Septic Business

Those in the water and septic industry provide an essential service to their communities, but this industry is not without risks. Finding a good septic business insurance program can keep you protected in many ways while you are helping others.

Product Liability and Recall Coverage

One of the main components of your coverage should be liability protection in case of product failure or recall. This can help cover financial losses and protect from lawsuits related to these incidents.

Pollution Coverage

Pollution liability is another key part of a septic business insurance program. This liability coverage can cover both sudden and gradual pollution as well as provide HAZMAT coverage and can protect you whether something happens on-site or during transport.

Auto, Boiler, and Machinery Coverage

The water and septic industries use a lot of heavy equipment, plus vehicles (owned and non-owned) for transporting said equipment. Your insurance policy can include coverage for all of these, so you have the protection you need for the tools you need.

Water and septic services are important to the people they serve, and it’s important for providers to be protected while they do their work. With a good septic business insurance program, you can feel comfortable in your coverage as you get the job done.

The Ins and Outs of Hemp Insurance

Hemp Insurance

The hemp industry is growing quicker than ever before, creating countless business opportunities across the USA. Unfortunately, running a hemp business is not without risks. Losses can occur and it is vital that you have the proper protection in place so you don’t have to cover anything out of pocket. A big part of this protection is having the correct hemp insurance coverages.

Insurance Options for Hemp Crops

In 2018, the Farm Bill was passed and hemp crops were classified as an agricultural commodity. This enabled hemp farmers/growers to finally purchase insurance for their crops. If you are a hemp farmer, your best option could be MPCI or multiple peril crop insurance. This type of insurance provides protection against multiple threats including:

  • Hail
  • Frost
  • High Winds
  • Disease
  • Drought
  • Insect damage
  • Fire
  • Flooding

Hemp farmers can also obtain crop revenue coverage for years where prices drop or your yield is less than anticipated.

Other Types of Hemp Business Coverage

If you are not a hemp farmer, but you work in some other aspect of the hemp industry, there are options available for you. Some of these include:

  • General liability
  • Product liability
  • Premises liability
  • Equipment coverage
  • Loss of income coverage
  • Cyber liability insurance

Running a hemp business does not come without risks. Purchasing hemp insurance coverage can make all the difference!

The Solutions to Construction Business Risks

Construction Business Risks

Due to the type of work performed on a job site, the construction industry is one of the most dangerous industries to work in. To own a construction business, you have to understand the inherent risk and protect yourself in advance.

The Risks in Construction

There are several kinds of risk at a job site. Risks include:

  • Damage to your equipment and property
  • Injuries to third parties
  • Damage to rented space

Your business could suffer lawsuits based on false advertising, copyright infringement and libel or slander. Not only should you take responsibility for your actions, but your employees actions on the site.

The Solutions to Your Risks

The solution to the inherent risks is insurance coverage. Most owners in the construction business have a builders liability policy and a general liability policy. The builders liability policies cover your equipment, property and other equipment if damaged due to theft, vandalism, fire and more.

General liability, on the other hand, protects you against lawsuits. General liability covers injuries that occur on your property and damage to the build site if it belongs to a third party.

Owning a construction business comes with a lot of responsibility. You have to recognize the inherent danger and plan for the worst. General liability insurance construction business owners use is your best shot at protection.

What Insurance Do Boat Cleaners Need?

Boat Cleaners

If you have a boat cleaning service, you know you need to protect your company from potential liability issues that could arise from accidents or mistakes, but you may be unsure where to begin. Does your organization need coverage? What types of boat cleaner insurance should you get? Where do you obtain the right policy?

Companies That Need Coverage

Custom marine policies minimize liability exposures for businesses that provide the following type of services:

  • Electrical, plumbing or other technical services
  • Carpentry, painting or other finish work
  • Hull cleaning
  • Jobs related to riggings or sails
  • Maintenance or repair of engines
  • Winterization
  • Woodwork

Policy Types

  • General Liability:This covers bodily injuries or damages that occur while performing work services.
  • Protection and Indemnity:This protects your company if employees must operate a client’s vessel during the repair process.
  • Ship Repairers LegalLiability: A policy of this kind covers ship damages that happen while the boat is in your care.

The Right Coverage

You should purchase insurance from an agency that has knowledge and experience in the marine industry.Boat cleaner insuranceis a specialized type of policy that covers the risks unique to your business.

Ensure that your company has the essential safeguards in place for life’s unexpected mishaps and events. Consult an agent with industry-specific expertise to help you get comprehensive coverage that protects you from financial loss.

Types of Construction Insurance Policies

Construction Insurance

The construction industry provides a steady source of income for everyone involved, from land developers to day laborers. Like any great business, however, construction is not without its inherent risks. Luckily, insurance companies are aware of what those in construction face, and offer many types of construction insurance policies to protect from financial loss.

Workers’ Compensation

Most states require workers’ compensation to protect employees from on-the-job injuries. Depending where you live, there may be options available to lower your premium.

General Liability

General liability is invaluable in the case of claims made by the general public. It covers their personal injuries and loss of property, as well as legal fees associated with claims related to advertising issues.

Professional Liability

Professional liability, also known as errors and omissions, protects your company’s reputation. It covers claims of negligence and breach of contract by helping you pay to defend yourself in court.

Cyber Insurance

Cyber insurance is becoming increasingly important in construction. This inexpensive policy protects software and data against hackers and other cyber attacks.

With so many types of policies available, you can feel safe knowing that your business is protected from unforeseen circumstances. Talk to your insurance agent to choose the combination of policies that best fits the construction projects you deal with most often.

Insurance Requirements of Nonprofit Organizations

Nonprofit Organizations

Like any other type of business, a nonprofit must maintain certain types of insurance. However, these companies also often have components that others do not. That can cause confusion when it comes to what insurance is a necessity and what is a nice-to-have addition to coverage. Delving into nonprofit insurance requirements can help create clarity out of the confusion.

Must-Have Coverages

You are required by law to maintain certain types of insurance coverage for your nonprofit organization. These primarily target liability and can vary depending on where your company is located and conducts its business.

For example, in many places, you are required to maintain general liability insurance on any business. If your company owns and operates vehicles, then an appropriate auto insurance policy must be in effect. Each state has its own requirements for worker’s compensation coverage, but most mandate it for businesses with a minimum number of employees. Officers and volunteers may count toward those numbers.

Extras That Increase Protection

There are some other coverages that you may want to include in a comprehensive insurance package. A few of them include coverage against:

  • Improper employment practices
  • Cyber liability
  • Property damage
  • Volunteer dishonesty

Since there can be some ambiguity about coverage requirements, it is best to work with a trusted financial advisor and insurance agent to determine the exact needs of your organization.

Liability Considerations for Dry Cleaning Businesses

Dry Cleaning Businesses

Running a successful dry cleaning business takes a unique skill set. You have to budget smartly, provide outstanding customer service, and have outstanding attention to detail. Despite the methodical organization, you still need to be prepared to deal with the unexpected. Dry cleaning businesses have to contend with a considerable measure of liability exposure, and they need to safeguard themselves accordingly.

Build a Comprehensive Commercial Insurance Package

Good insurance coverage is a fundamental part of a dry cleaning businesss risk management plan. Work with an insurance company that offers dry cleaner programs that are customized to your industrys operations. In addition to providing competitive rates on insurance, an insurer that is experienced in serving dry cleaners can offer guidance about your overall risk management.

Be Prepared to Deal With Claims Quickly and Effectively

Just like any business that opens its doors to the general public, dry cleaning businesses could face liability for accidents occurring on the premises that result in physical injury. They could also be subject to claims for lost or damaged property. Putting customers on notice that you wont be responsible for lost or damaged items may be a deterrent to claims, but it doesnt really offer substantive protection against them. Work with an insurance company that will give you the resources to resolve claims as favorably as possible.


Insurance Coverage for Propane Dealers

Insurance Coverage

Working in the propane industry carries considerable risk. Safe operations require compliance with all applicable regulations as well as well-devised internal procedures. Companies need to have comprehensive risk mitigation plans that include a complete commercial insurance package.

Liability Considerations

In building a commercial insurance package, its important to consider every possible liability scenario. Propane dealer coverage may need to include several different types of policies:

Operational Endorsements

In addition to insurance protection for liability related concerns, propane dealers need to insure their operations from internal loss that can affect their revenue or assets. A significant loss could have a big impact on a companys ability to continue operating. It may be prudent to obtain coverage that can compensate a company for issues related to delays, business interruption, or theft.

  • Missed delivery deadlines
  • Errors in deliveries
  • Crime

A commercial package that meets the size and scope of a companys activities and addresses all of its liability exposure is essential to safeguard its operations. Its advisable to work with an insurance company that has a longstanding history of serving clients who sell and distribute propane. An experienced provider understands the liability and operational concerns that are unique to the propane industry and can help build an adequate package of policies.