Month: November 2020

General Liability Insurance

3 Questions About General Liability Insurance for Businesses

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Category : General Liability Insurance

While general liability insurance for businesses is not required by law, purchasing it can be one of the wisest investments a company makes. It is often only after experiencing a financial loss that the true value of such a policy is fully recognized. Answering three basic questions can prove beneficial when considering general liability insurance.

1. What Is Covered?

General liability insurance for businesses provides protection against claims arising from the daily routine of doing business. Typically, this includes the following:

  • Personal injury
  • Damage to property
  • Advertising grievances
  • Product damage
  • Rental property damage 

2. Who Needs It?

Virtually every business, large or small, should consider a general liability policy. It can provide protection from lawsuits brought by customers, vendors and even the public. For brick and mortar businesses, it’s especially useful because it provides coverage against physical losses.

3. How Much Coverage Do You Need?

Equally important to having general liability coverage is having the right amount. Two primary factors to consider when identifying the needs of your business include the size of the establishment and its loss history.

Investing in the right general liability policy can go a long way in protecting the future of any commercial operation. Talk with an authorized insurance agent to determine the amount of protection required to meet your company’s myriad needs.

Self Insurance

What Is Self Insurance?

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Category : Self Insurance

Unfortunately, insurance costs are continually rising, and it may not be economically feasible to offer high-quality insurance with a low deductible. This is one of the circumstances where self insuring comes into play.

What Is Self Insurance?

Self insurance is where a company or business does not pay an insurance company to cover their employees. Instead, they assume the risk for their employees. They pay the medical claims for their employees, particularly worker’s compensation claims. There are advantages and disadvantages to self insuring.

Benefits 

One of the main benefits of self insuring is that it allows employers to save money over the long term. It also leaves insurance control in the company’s hands and gives the company a better understanding of where their healthcare dollars go. This helps the company implement safety programs to help reduce their injury costs.

Drawbacks

There are some obvious drawbacks to self insuring. The savings from it take a long time to realize, and the company has a higher level of risk than they would if they were fully insured. Although there is stop-loss protection, there is still quite a bit of financial responsibility that the company has.

Although self insuring may seem like the way to go, particularly if you have high worker’s compensation premiums, it can be risky for large businesses. It is a decision that the company must weigh the benefits and drawbacks very carefully before deciding to do it.

Insurance SEO Strategies

Tips for Insurance SEO Strategies

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Category : Insurance SEO Strategies

Search engine optimization techniques improve website traffic from search engines.

Insurance SEO is a necessity for a company to appear in relevant searches. It helps increase the ranking of a business’s webpages, putting its services in front of potential customers.

Content

Consistent, keyword-optimized content helps a website prosper. A company needs to write engaging copy that provides value to clients. For optimal success, pages must contain balanced, targeted keywords based on research.

Online Citations

Citations are any online reference of an agency’s name, address and phone number. The most effective methods to build these include Google My Business, Bing Places and Yelp. All instances of this type of essential information must be accurate and identical. Inconsistencies cause search engines to lower a site’s ranking.

Links

Another crucial element of insurance SEO is link-building. Backlinks are incoming hyperlinks to a company’s site from a different online location. These work as a method of authenticating a business to the search engine algorithm. Pages with many backlinks rank higher in search results.

Email Campaigns

Optimized emails can improve website engagement. These useful emails entice visitors to engage with a company’s content and resources. This value proposition leads to successful conversions.

Understanding how SEO works is vital to building new relationships with potential clients.

protect-your-nonprofit-and-your-volunteers-against-claims

Protect Your Nonprofit and Your Volunteers Against Claims

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Category : Volunteers Claims

If you run a charity or other type of nonprofit organization that makes use of volunteers, your regular liability policy won’t protect them if claims are brought against them. Both your organization and your workers could be held liable to costly legal fees and settlements. It’s essential to find the right liability policy to protect all involved.

What Insurance Policy Will Protect Your Volunteers?

Volunteers insurance is the best way to protect your volunteers and your investment. Having adequate coverage also attracts the kind of volunteers you want representing your nonprofit. You can tailor your package to cover the unique needs you face. Examples of coverage include:

  • Personal accidents – With the right coverage, volunteers who are injured while representing your organization may be compensated for medical expenses and damages caused by the accident. If the volunteer is unable to work their regular paying job as a result of the accident, this insurance may also pay a portion of their regular wages.
  • Volunteer boards – If you include a professional indemnity clause in your policy, any high-ranking volunteer board members and directors are protected against claims of negligence, slander or defamation.
  • Public liability – This coverage offers protection to your paid employees, volunteers and your organization in the event of third-party property damage or personal injury.

It’s imperative to understand the coverage offered in your volunteer liability policy so that you are protected in any circumstance.

Flood Insurance

Tips for Selecting Private Flood Insurance

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Category : Private Flood Insurance

Predicting the weather can be downright impossible. Unfortunately, the elements play a huge part in the security of your home. In the event of a flood or other natural disaster, you run the risk of losing everything if your residence is directly impacted. Thankfully, insurance is what is meant to offer you peace of mind when faced with the unknown. Consider these points when picking out flood insurance and you’ll have a better time making the right decision.

Factors To Consider With Flood Insurance

There are a few important factors to consider when it comes to private flood insurance in Texas. For example, you want to take the overall value of your home into consideration. Additionally, some homeowners will add collectibles and other expensive items to the list of insured items to make sure all fronts are covered in the event of water damage. Certain counties put restrictions on when a policy goes into effect after being started, so get a feel for local laws to know what to expect. Additional points to consider include:

  • Location of your residence
  • Number of years owned
  • Current state of structure

Protect Your Residence

By thinking about your insurance options early, you can keep your home safe from whatever waits on the horizon. Look into flood insurance and get a better feel for what is right for your family.

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