Author Archives: babyins

Rack Safety

Ensuring Rack Safety in Warehouses: 3 Key Considerations

A warehouse that uses racks to store its items has to be vigilant about using them safely. Rack collapses can cause serious injury as well as property damage. Here are three important considerations for managers about how to prevent rack collapses.

1. Leave Sufficient Aisle Space

Leaving ample space between racks is a fundamental part of preventing rack collapses. The space between racks needs to be wide enough for people and equipment to pass through with ease. If there isn’t enough clearance to pivot and turn easily, one false move can send a rack crashing down. In addition, insufficient space could create a domino effect if one rack falls.

2. Don’t Overload

Even if it looks like there’s enough space on a rack to store a large number of items, the weight of the items may be more than the structure was intended to support. Be mindful about weight rather than paying attention only to volume, and don’t attempt to exceed a rack’s specified weight capacity.

3. Don’t Top-Load

If the top shelves of a rack are fully loaded but the bottom shelves are overloaded, a rack can easily become unbalanced. Avoid a precarious distribution of materials by making sure that racks containing the most items are nearest the bottom. Ideally, weight should be evenly distributed throughout a rack.


environmental impairment liability

When Is Environmental Impairment Liability Insurance a Good Choice for Your Business?

Environmental Impairment Liability insurance provides coverage for businesses whose operations can result in hazardous waste that poses an environmental threat. It is a company’s legal obligation to ensure the safe handling and disposal of toxic waste materials. Even with the best containment efforts, however, accidents can happen. If contamination occurs, the company is responsible for cleanup and damages and faces potential lawsuits.

EIL Insurance Benefits

Contractors, manufacturers, dry cleaners and chemical companies are all examples of the types of businesses that would potentially benefit from EIL insurance. A good policy helps your company remain operational when you are hit with the costs of litigation, fines or cleanup. It also offers some protection when environmental contamination accidents result in business interruptions.

EIL Insurance Exclusions

EIL insurance is designed to protect companies from the expenses incurred from hazardous waste contamination. Experts in the industry, however, note some important environmental impairment liability exclusions, including:

  • Damages resulting from disregard of legal responsibilities
  • Claims for damages to insured’s property
  • Contamination that should have been expected
  • Injuries to company employees

Responsible management of toxic materials is a legal and moral responsibility. Even so, there is always the risk of environmental contamination that results in damages. The best way to protect your business from expensive repercussions is to procure an EIL insurance policy tailored to your company’s needs.


marketing plan

3 Goals Your Marketing Plan Should Meet

Whether you own a small business or a multinational corporation, you have to have a solid marketing plan. Your marketing performance management strategy must have three key goals to be effective.

1. Set Clear Goals

Your marketing can’t work if you don’t know what you want it to do. Set a specific desired outcome. For example, should your marketing strategy result in new customers? If so, how many? Set a clear goal and build a marketing plan that can achieve it.

2. Measure Effectiveness

Don’t just assume that a well-planned strategy will work. Good marketing performance management ensures that the strategies you are using are actually achieving the results you want. You need a way to measure all marketing avenues:

  • Word of mouth
  • Digital marketing
  • Brand management
  • Paid advertising

Even low-cost marketing plans take time and effort to enact. Make sure your resources aren’t being wasted.

3. Tweak Your Plan

If your marketing performance management tests reveal that what you are doing is not accomplishing the result you want, change your strategy. This requires well-informed contingency plans. Change what you are doing to get the outcome you want.

The marketing efforts you make should ultimately serve to improve your business and help you reach your goals for growth. Having a solid plan and a way to measure and adapt it is vital.


commercial-package-policy

What Does a Commercial Package Policy Include?

When you manage a business, you must take steps to mitigate risk and reduce liability. Commercial insurance is one of the many tools you can use to do that. A commercial package policy combines individual coverages into a comprehensive and customizable package designed to meet the needs of your business.

What Are Common Coverage Options?

The exact coverage you choose will be based on your specific needs. However, there are some types that are commonly included in a package policy. These are:

  • Business property insurance
  • General liability coverage
  • Commercial auto
  • Business interruption
  • Sewage and drain backup coverage
  • Equipment breakdown protection
  • Industry-specific liability protection

How Does Customization Benefit Business?

The experts at SB One Insurance Agency explain that there are numerous benefits to customizing your commercial insurance coverage. Among the most critical are avoiding duplication, minimizing gaps in coverage, and customizing coverage levels and deductible amounts. You will also be able to include industry-specific policies in your package.

How Do You Find the Right Coverage?

Your coverage needs will likely change over time as your business evolves and grows. Regular comprehensive reviews of the coverage you have in place can ensure it meets your current needs.

The right combination of insurance coverage will protect your business from physical damage, loss and claims made against it. Work with an experienced commercial insurance agent to establish what coverages are right for you.


Day Care

What You Can Expect From Adult Day Care Liability Coverage

An adult day care provides a valuable service to the community. You offer a place where families can trust that their aging loved ones will be safe. To protect your business and your staff, you need solid liability coverage.

General Liability

No matter how careful you are or how safe your center is, accidents sometimes happen. Your general liability policy covers accidents that are not specifically related to the services you provide. It can pay the legal fees and settlements associated with a visitor’s injury or property damage that occurs on your grounds.

Specialized Liability

Every industry has specific risks associated with the services it provides, and adult day care is no exception. There are several adult day care liabilities that your staff may be accused of:

  • Medical malpractice
  • Negligence
  • Poor advice
  • Bodily injury
  • Accounting errors

Even if your staff is not guilty of these errors, clients can still sue for damages they believe they are owed. Whether they are awarded said damages or not, you want to make sure the cost of the lawsuit itself is covered by your insurance provider.

Your adult day care staff is committed to giving clients the best care possible. Protect your staff with good liability coverage that specifically addresses the risks of running an adult day care facility.


Risk Management

3 Ways to Improve Manufacturing Risk Management Plans

Businesses continue to rely on manufactured goods whether packaged foods or healthcare supplies. In addition to having manufacturing insurance in New Mexico, manufacturers need these other key pieces to effectively cover their risks.

Protection

Manufacturing insurance in New Mexico protects more than the building, according to Daniels. The insurance takes into account the office equipment and the machinery used to manufacture goods. When a business faces interruptions due to a malfunctioning piece of equipment, the business has coverage.

Assessment

To properly align your risk management plan, you need to look not just to the past and today, but also to the future. Risk assessment needs to be thorough with the business’s best interests in mind to be valuable. Product development, cybersecurity, emerging markets and cloud computing all pose risks in the future if not managed today.

Ownership

Who owns the risks in various aspects of the business? Do the employees, management or owners? Understanding who owns different risks can help the business address them proactively. This then allows for risk oversight that can save the business financial headaches and limit liabilities now and moving forward.

Protect your business with manufacturing insurance in New Mexico. Then take time to assess your current risk management plan and make sure risk ownership is properly allocated. These steps can improve the business’s ability to move forward into the future.


insurance-marketing-agency

Selecting an Appropriate Insurance Marketing Agency

Understanding the unique insurance needs of your business can be a challenge. In order for your company to stay protected in the face of an array of obstacles and unforeseen disasters, you absolutely need to take time to research your options with insurance coverage. The right agency will be able to take a look at your long-term business goals and assess what your needs are based around the highest risks. By using some of your marketing budget to cover the costs, you can easily work this expense into your routine.

Review and Define Your Goals

As reported by experts at insurance marketing agencies, it is crucial to define your short-term goals before looking into coverage options. Your marketing goals will dictate many of the specifics surrounding the needs of your company and its various promotional campaigns. You may also want to review previous marketing endeavors and projects to get a general idea of what risks your company might pose and what the agency needs to know in advance. These can include:

  • Compiling online customer and client reviews
  • Define and track your active channels
  • Extract valuable data from social media

Take Time To Research

In order for you to select the right insurance marketing agency for your needs, you must take the time to prepare in advance. Review what you need to have in order and get ready to take the next big step toward protecting your company.


Truck Insurance

Roadside Assistance for Truckers

Commercial trucking companies can log tens of thousands of miles in a given month. Having the trucks operating at all times and avoiding breakdowns is key to a reliable and efficient business. A strong maintenance program contributes to this, but sometimes things happen on the road that are unavoidable. When a driver has to sit on the side of the road trying to figure out who to call for help, this can cost time and money. Also, paying the closest service company per occurrence can quickly add up. This is why obtaining a semi-truck roadside assistance plan can be a smart move for any operation, regardless of size.

Benefits of Coverage

According to Western Truck Insurance Services Inc, a dedicated roadside service plan can save you thousands in the long run. Representatives are available 24 hours a day, 7 days a week, and can put drivers in contact with a network of professionals who can quickly respond to almost any scenario. Below are just a few of the services covered:

  • Towing
  • Fuel and fluid delivery
  • Jump start assistance
  • Flat tire repair/replacement
  • Part delivery
  • Locksmith services
  • Discounted lodging

Unexpected events happen when driving a vehicle. Having a roadside assistance plan for your commercial trucking operation can have your drivers back on the road fast.


insurance policies

How to Know Your Business Has the Right Insurance Policies

Most businesses need a comprehensive business insurance plan to cover their exposures and risks. By completing a business insurance questionnaire, business owners can work with agents to find the right coverage options to cover their risks.

Specific Coverage

The experts at Moody Insurance Worldwide offers detailed questionnaires for specific businesses such as restoration and cleaning services. This makes sure that the policies offered are tailored to the risks a particular industry has rather than offering blanket policies. The detailed questions help the agent provide the right amount of coverage for your business.

Additional Riders

Another plus to completing an insurance questionnaire is ensuring you have any additional riders you may need. This is crucial in many industries where a general commercial liability plan doesn’t cover items such as pollution liability or excess coverage. Adding these riders when applicable means your business has the protection it needs.

Necessary Knowledge

The questionnaire allows the insurance agent to know exactly what your business does. In fact, this can help business owners and managers think more deeply about the products, services and liabilities they have. This information then provides a more detailed snapshot to aid the agent and owner about the necessity of certain policies over others.

A business insurance questionnaire can help agents put together a more comprehensive insurance package. Business owners can then have a better idea of why they may need certain policies. Knowledge can further help reduce the risks of running a business.


Employee Dishonesty

How Insurance Protects Businesses from Employee Crimes

When you hire new employees, you trust your research and intuition to help you make the best additions. However, some employees can betray that trust and harm your establishment. The inclusion of employee dishonesty insurance to your business provides several benefits that can assist you after a crime.

Wide Incident Coverage

This type of insurance covers a wide net of potential crimes and misdeeds done against your organization. Expect theft to be a covered risk, ranging from small office supplies to major equipment. Embezzlement and other forms of fraud are included. The insurance plan can also help if employees damage property or lie about completed work hours.

Plan Flexibility 

This policy is flexible enough to meet your business demands. You can choose to apply it to specific employees or the entire staff. There is also the option of purchasing it as a separate product or as part of a package. An agent will work with you to create the best plan.

Established Code of Conduct

As https://www.fgib.com/mentions, a solid plan helps establish an adaptable code of conduct. The severity of an employee’s actions varies depending on several factors, such as time. Insurance policy encourages you to review and update said code, which also changes the plan.

Employee crime and misbehavior are difficult to acknowledge, but it is important to protect your company. The benefits of an employee dishonesty plan help you deal with losses.