Types of Insurance For Jewelers

Category : Do Insurance

Because of the high value of the products being sold, jewelry liability insurance is absolutely essential for anyone working in the jewelry business. Ensuring comprehensive coverage means you will be well protected in the event of a robbery or other disaster that affects your business.

What Types of Jewelry Insurance Exist?

Typically, jewelry liability insurance consists of both block policy and standard policy options.

  1. Standard policies are generally taken out by smaller jewelry businesses, and may only cover up to $250,000 in inventory. Policies are fairly limited and will only cover specifically jewelry items (and not related products that your business may sell).
  2. Block policies are usually far larger and may offer more complete coverage for a wide range of liabilities that can arise in a jewelry business, including non-jewelry inventory, as well as other attendant risks that may arise in a jewelry business environment.

Working with a reputable and experienced insurer will help you build a coverage plan that is tailored to the specific needs of your business, and that sufficiently covers all risks that may arise in your place of work.

Given the potentially high stakes of a loss, and the significant value of any inventory that is sold, comprehensive jewelry liability insurance is essential for anyone working in the industry.

Why Professional Employer Organizations May Require Thorough Special Insurance

Category : General Liability Coverage

If you run a professional employer organization, or a PEO for short, you may require special staffing insurance and other types of targeted PEO insurance. Because PEOs face several risks in the normal course of business, having the appropriate insurance is an important part of maintaining company security and avoiding legal or financial problems. Here’s why your PEO could require special insurance.

It Could Provide Your PEO With Several Types of Employment Practices Liability Coverage

If you contract with staffers that you place at various agencies, you may require various types of employment practices liability coverage. For example, you might consider securing an insurance package that includes:

  • Protections for staff placed in various workplaces
  • Independent contractors coverage
  • Protections in the event of workplace violence or workplace injury claims
  • Third-party discrimination protections
  • Protections in the event of bullying claims

Your PEO Could Require Both General and Professional Liability Protections

Most, if not all, PEOs could benefit from general and professional liability coverage for both the staff and the management. As a baseline, be sure to include the following in your insurance coverage.

  • General liability coverage
  • Employee benefits liability coverage
  • Auto liability coverage
  • Staffing agency insurance
  • Worldwide professional liability coverage

For any professional employer organization with industry risks to mitigate, having the right PEO insurance in place is essential. Understanding why your PEO could benefit from thorough staffing insurance could help lead your organization to the best insurance package for its needs.

3 of the Best Eco-Friendly Classic Cars

Category : Auto Insurance

The reliable combustion engine is at the heart of the classic vehicle experience – but it doesn’t have to be that way anymore.

This is because a new breed of vintage machines is emerging: eco-friendly classics that run on batteries rather than gasoline and use electric motors instead of engines. Here a few best classic cars for the environment.

Jaguar E-type Zero

Each version of this reinvented icon will be restored and converted at the British firm’s Classic Works in Coventry, where it will get a 40kWh battery and electric motor, which will give it a range of roughly 170 miles and acceleration that is faster than the original Series 1.

Swind E Classic Mini

The Swind E Classic Mini is powered by an 80kw (110bhp) motor that can go 125 miles and reach 80mph when combined with a 24kWh battery. The 9.2 second 0-60 time of the upgraded pocket rocket is a lot faster than the original.

Electric GT Ferrari 308GTS

There is now a silent electric powertrain where there was formerly a snarling V8 that shot 250bhp through the vent-heavy Italian stallion’s rear wheels. One capable of delivering 330bhp. And it goes from 0 to 60 in under five seconds. That’s a far cry from a Nissan Leaf.

When searching for the best classic cars for the environment, one needs to look no further than the above vehicles. 

Tips for Developing Warehouse Maintenance Plans

Category : Commercial Property Liability

Managing a warehouse requires good preventative maintenance policies. Taking steps to keep warehouses in clean and well-organized condition will help to enhance productivity while also keeping workers safe. Having a solid warehouse maintenance plan in place will enable companies to avoid serious liability and loss.

Equipment Maintenance

Warehouse equipment has to be kept in good working condition. A sudden equipment failure could significantly delay a site’s operations or even cause injury. Managers need to implement maintenance protocols to prevent equipment from malfunctioning.

Pest Control

Warehouses may be a very attractive environment for many different types of pests. Preventative extermination can proactively address infestations that could damage a warehouse’s inventory.

HVAC Service

Keeping a warehouse at the right temperature may be critical to its operations. In addition to being able to control the temperature with ease, warehouse owners must assure that the quality of the air is not making workers sick. A preventative maintenance plan from a reputable HVAC contractor can keep systems operating efficiently and safely.

Storage Optimization

Warehouses need to make the most of their available space. They should perform periodic inspections to assure that they are using space well and that all storage structures are functional.

Smart maintenance policies will make warehouses as profitable as possible. They can also safeguard owners against considerable liability exposure.

Home Health Care: How To Protect Your Patients and Staff

Category : Insurance Coverage

The healthcare industry has its share of risks. For medical providers who provide at-home services, there are specific risks that you need to be aware of; otherwise, your company could face a variety of claims. To keep your claims to a minimum, you need to invest in risk management in home health care.

What Is Risk Management?

Risk management includes various measures that your company takes to protect your staff and employees. For example, it may include extensive training for caregivers, whether the training is in communication, medical devices, or handling a patient gently. Risk management is meant to reduce insurance claims and injuries.

How Does Risk Management Help?

Risk management allows you and your staff to be prepared for different risks. For example, if one of the most common patient accidents is falling, then risk management can help you figure out how to reduce the falls. Programs that train employees on handling patients or how to ensure that the environment is safe for those with mobility or balance issues are critical.

At a patient’s home, you have less control over the environment. This is why you must have a risk management plan in place, along with appropriate insurance coverages. Accidents happen, but you can do your best to reduce those risks.

Tips on Selecting Insurance for Your Business

Category : Insurance Coverage

Finding the right insurance coverage for your business can seem daunting. You want to make sure you are prepared for any circumstances that come your way, but you don’t want to pay for coverage you will never need. It makes sense to select a comprehensive package that includes the different policies designed to protect your business.

Insurance Packages for Businesses

No matter the size of your company, there are several policies to consider. It’s wise to speak with your insurance agent to ensure you buy the right coverage for your company.

  • Liability Insurance – Every commercial insurance package should include protection against lawsuits from both clients and employees. Without adequate coverage, you may be liable for hefty fees and settlements.
    • General liability policies cover clients’ injuries at your facility and damages caused by your employees at the client’s office.
    • Errors and omissions coverage protects against negligence or errors in work performed. 
    • Employment practices liability insurance helps to cover unwanted claims made by employees regarding employment issues.
  • Property Insurance – This policy protects your property, the building and it’s contents in the event of a covered catastrophe. Such things as computers, furniture, inventory and business equipment are protected. Personal belongings are also covered under many policies.
  • Workers’ Compensation – Required in most states, this coverage protects employees who are injured on the job.

Protect your business with a comprehensive commercial insurance plan.

Risk Management Plan

Making Propane Insurance a Part of Your Risk Management Plan

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Category : Risk Management Plan

There are inherent risks in transporting and delivering flammable chemicals. Propane insurance provides mitigation for these risks and protects your fuel dealership business. In addition to the insurance covering your workplace in the event of a workers compensation or workplace violence claim, propane insurance covers several additional areas.

Liability

Liability coverage protects your business from liability and pays the legal fees associated with those claims. Spill and pollution liability protection can be included within your liability insurance policy. In the event of a spill, your insurance carrier can mobilize a pollution response team that will coordinate cleanup and filing reports to the appropriate federal environmental agencies.

Property

Property coverage protects your buildings and tanks should they be damaged or destroyed. It also covers your inventory and equipment and provides income protection should your business operations become interrupted.

Automobile

Including the traditional protections offered with an automobile policy, automobile coverage under a propane insurance policy provides special protections for the service vehicles and tanker trucks that deliver propane to your customers. Pollution liability protection can also be included within the automobile portion of the policy and covers accidental spills from your covered vehicles.

To mitigate risks and hazards, propane retailers and distributors should have a thorough risk management plan that includes adequate propane insurance coverage.

Commercial Truck Insurance

Myths to Know About Commercial Truck Insurance

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Category : Commercial Truck Insurance

As a trucker, you probably already know that a commercial truck insurance policy is necessary to operate. As you shop around, however, it is important that you can tell the myths from the facts.

Employees Are Always Covered

Some people mistakenly believe that employees are covered under their insurance policy. This can be devastating if an employee is an accident and you discover that he or she was not covered under your policy. To make sure that your commercial coverage includes employees, you need to make sure that there is a permissive use option. Otherwise, you have to name the other drivers of the rig.

Insurance Premiums Don’t Change

When you invest in a commercial truck insurance policy, you might think that your premiums are going to be set in stone. However, you do have control over your premiums. If you have a higher deductible, you can reduce your premiums. Also, certain company safety programs can lower your premiums. Some companies will even provide discounts on premiums if you have a dashcam or other accountability system installed.

When you’re shopping for insurance, there are a lot of details that you have to consider. First and foremost, you need to make sure that you are aware of all of the facts about coverage.

Buying a Condo

Red Flags to Look for When Buying a Condo

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Category : Buying Condo

Purchasing a condo can be a great investment, but it’s important to always know what you’re getting into. Being aware of red flags when buying a condo can help you make smart decisions and ensure the best outcomes.

Poor Financial Documentation

Before committing, request a resale package from the condo association. This package contains important financial documentation, such as bank statements and reports on profit and losses. If the association doesn’t have these documents or won’t provide them, that’s a red flag.

High or Low Fees

Avoiding properties with astronomical fees is a no-brainer, but also be wary of low fees that seem too good to be true. Inquire whether the association expects fees to increase over time, and review contracts carefully to avoid fees creeping upward once you’re locked in.

Inadequate Reserves

A reserves account is the association’s savings for unexpected projects or repairs. If the reserves seem too skimpy, it may be a sign that the association isn’t well-prepared, or that they may expect to charge you higher fees in the future to compensate.

Staying cognizant of red flags when buying a condo is important for protecting you and your savings. Knowing what to look out for can save you money and make the experience much more pleasant.

Remove Barnacles

MarinersHow To Effectively Remove Barnacles

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Category : Barnacles

If your boat is docked in water for any length of time, you probably have barnacles. Removing these critters can be difficult and time-consuming. There are a few things that you can do to make barnacle removal easier and less of a chore.

Make Sure You Are Insured

Secure a boat insurance policy before removing the barnacles or hiring someone to do it for you. This will help if there is any lasting damage to your boat.

Wear Appropriate Gear

Barnacles are sometimes as sharp as razors and contain bacteria and other microorganisms. It is easy to get an infection if you do not wear gloves, a mask and eye protection.

Wait Until You Are Ready

Do not remove your boat from the water until you are ready to start the barnacle removal. Dry barnacles will adhere to the hull much more tightly, which equals more work and possibly more damage to your boat.

Spray Parallel to the Hull

When using a powerwasher or sprayer, always spray parallel to the hull at a shallow angle. This helps to push the barnacles off from the underside.

Scrape With Plastic or Wood

If you must scrape, use wood or plastic tools. These are less likely to cause further damage to your boat’s hull.

After your hard work, be sure to coat the hull with wax or another anti-barnacle paint or sealant. If you follow these tips, it will be much easier and safer to remove those unwanted barnacles.

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