commercial-package-policy

What Does a Commercial Package Policy Include?

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Category : Insurance Marketing Professional Liability

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

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Category : Commercial Property Liability

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

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Category : Risk Management

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

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Category : Auto Insurance Insurance Marketing

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

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Category : Truck Insurance

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

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Category : Insurance Marketing

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

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Category : Employee Dishonesty Insurance

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.

Marine Insurance

Professional Liability for Marine Surveyors

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Category : Insurance Marketing Marine Insurance Marine Surveyors Professional Liability

Liability insurance is a must-have in any industry, but for those companies that operate in sensitive or high-risk areas of industry, it’s even more essential than for most. It’s also important that your insurance reflects the exact niche and industry where you operate because the professional obligations and liabilities of companies providing legal or financial services are vastly different than those of companies in manufacturing or natural resource extraction. Marine surveyor insurance is no exception, in fact, when it comes to the importance of customized liability coverage, it might be better to think of it as the rule.

Learn More About Marine Surveyor Liability Coverage

Unsure if your coverage meets all your needs as a marine surveyor? Merrimac Marine Insurance provides a quick rundown of the essential components of coverage that marine businesses need to concern themselves with, and it’s worth a look if you’re trying to be sure you have all the right insurance for your business. It’s also worth considering whether a customized professional liability policy could fold in additional types of insurance and riders to cover risks unique to your business. After all, even if all marine surveyors have different needs from other marine businesses, that doesn’t mean they all have the same needs. Finding an insurer who commits to truly customizable coverage means getting exactly what your company needs at every stage of its development.

Merrimac

Choosing the Right Insurance for Dredging Operations

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Category : Insurance for Dredging Operations

Dredging operations are a necessary component of the commercial marine industry, but it comes with a range of associated risks. Understanding these risks is the first step in ensuring your company has adequate coverage for any dredging project.

Protecting the Environment

The environmental effects of dredging can be many and varied. There are risks involved in wildlife, vegetation, and ecosystems through the dredging itself and the transport of removed materials. According to Merrimac, some of the potential impacts include:

  • Contamination of habitats
  • Loss of wildlife
  • Mass marine die-offs
  • Loss of erosion control

Protecting People

Workers involved in dredging operations are at risk of on-the-job injuries. The cause of injuries can range from normal work activities to accidents that are the result of equipment failure. There is also the potential for injury to third-party individuals.

Protecting Property

The day-to-day operations of dredging equipment can put a lot of stress on machinery and vessel. In addition, there is the risk of fire associated with running high-pressure systems that require fuel to function.

Procuring dredging insurance is one way in which you can protect your company from the risks associated with performing a vital service for the marine industry. Knowing the range of risk exposures will ensure you choose a policy that protects the environment, people, and property.

Homeowners Rights

Legal Rights in an HOA Community

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Category : Homeowner's Association

Moving into a community with an acting homeowner’s association (HOA) is something to consider any time you are faced with relocating. For the most part, monthly dues provide positive oversight of the neighborhood. However, sometimes HOAs can stray from neutrality and attempt to assert policies that aren’t in the bylaws. This is why it is important to understand homeowners rights in HOA communities.

1. Enforcing Rules Unequally

If an HOA is going to enforce any regulations, they must be documented and provided in the covenants beforehand. And even if they are, the association can’t fine one homeowner for an infraction and then allow their neighbor to slide for breaking the same rule.

2. Discriminating

As explained by kdisonline.com, the Fair Housing Act prevents HOAs from fining, banning, or preventing the residency of a person based on race, religion or any other protected status. Though it seems like common sense, there are cases where the issue was pressed and an HOA found themselves in the courtroom.

3. Bucking Federal Laws

No board member or association is going to win a battle with a federal law or entity. One example of this relates to the installation of a satellite dish. An FCC act passed in 1996 essentially prohibits an HOA from demanding you take down your dish or otherwise prevent it from being installed.

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