3 Questions About General Liability Insurance for Businesses

General Liability Insurance

3 Questions About General Liability Insurance for Businesses

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.


Insurance SEO Strategies

Tips for 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.


Marina

Getting the Right Coverage for Your Marina

When you’ve got a marina or yacht club to run, you have to think about the needs and risks associated with your business on both land and water. Your facilities and equipment are exposed to damages that are specific to maritime-based businesses and operations. Additionally, your employees, club members and other personnel expect you to have the right insurance policies in place that protect the various aspects of your marina or boat club.

Understanding my Insurance Needs

In addition to typical coverages for property and worker’s compensation, you should also have sailing club liability coverage. Such a policy should be customized to address typical marina or sailing club considerations:

  • Marina facilities and grounds
  • Hull and liability protection for watercraft fleet
  • Regatta liability protection
  • Sailing school education
  • Chartering
  • Club member property

Your specific business may also benefit from a policy that also addresses Jones Act Coverage for workers, Race Management Errors & Omissions, Directors & Officers Liability and other protections.

Working With the Right Insurer

While there are many insurance providers out there, it’s best to go with one that specializes in covering marinas and sailing clubs. You don’t want to work with a provider that’s willing to take your money but can’t offer guidance or products that truly keep your operations covered.


Cyber Liability

Cyber Liability Insurance is for everyone

Technology has revolutionized today’s world and businesses, both big and small, benefit greatly from incorporating new technology into their business plans. From online sales to remote employees, to networked systems, businesses can’t succeed in today’s digital landscape without advanced technology. While there are countless benefits, there are also risks associated with our tech-driven world. Hackers and cyber-attacks are all too common and it isn’t just big corporations that are at risk. Businesses of all sizes should be aware of cyber threats and work to protect themselves and their business interests. 

What is Cyber Liability Insurance?

Despite what many people assume, a general liability policy is not adequate to protect a company from potential losses due to cybercrime. Cyber liability is a type of insurance put into place to keep businesses safe from extensive damage due to a data breach. This type of policy is specific to cyber-related claims and can at as protection from financial loss if your system is hacked or you experience a cyber-attack. However, cyber liability insurance is not enough. Companies must still incorporate advanced security software and employees to monitor activity. 

Who Needs Cyber Liability Insurance?

If your business utilizes cyber technology at all you should work with an insurance agent to evaluate your cyber protection. Don’t assume your company is small enough to be safe. Cyber-attacks are becoming more common and hackers are getting more and savvier. Protect yourself, your customers and your company from cyber threats with comprehensive cyber insurance today.


Watercraft Renting

Insurance Designed For Watercraft Renting Businesses

Companies that include watercraft rental in the range of services they offer to the public face specific risks based on the kind of watercraft and kind of body of water involved. Jet ski rental liability for equipment used on the ocean is a different set of risks from a human-powered boat like a kayak on a still water inland body like a pond or lake, after all. When you’re looking for insurance that is built to work with the kind of rentals you do, it’s important to work with people who really know rentals, and who cover all kinds of companies on all the bodies of water Americans like to explore. That way, you can be sure to get the right coverage for each of your offerings.

Rental Businesses

When it comes to the risks faced by your business when clients take a vessel out on the water, it doesn’t matter if renting watercraft is your main operation, your only operation, or just an amenity you include to draw people to your main business. You have the same liabilities either way, and you need coverage that reflects the size and power of the vessels you make available, regardless of the rest of your business model. That might mean finding a specific provider for just the rental liability portion of your insurance, in addition to your comprehensive business insurer. It might also mean finding a new comprehensive policy with the rental coverage you need.


Accident Sliding on Ice

What Happens If You Have an Accident Sliding on Ice?

Driving in winter weather brings a unique set of challenges no matter how cautious you are. Road conditions can change quickly and cause you to lose control of your vehicle. One of the ways this can happen is by sliding on ice. This can be a helpless feeling especially if it causes an accident. You may have questions such as whose fault is it or is there “sliding insurance”?

First of all, the fault will definitely lie with you no matter how safe you were being. There is no special insurance for sliding on ice but you need to make sure your insurance policy has coverage for all the things that can happen.

Damage to Your Car

This is covered by the collision portion of a policy. It would cover you the same way whether you slid on ice or not.

Damage to Something Else

Property damage liability is typically required by states and covers damage to other cars and objects. Be careful though, as the bare minimum coverage you can select may not be enough for all accidents.

Injury to Yourself

Medical payments and PIP will alleviate some costs in this case. Again, coverage levels can vary based on your policy and other factors.

Injury to Others

Bodily injury liability will protect you up to the limits on your policy. This provides coverage whether you harm someone in another vehicle or a pedestrian.


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.


Thayer Innes

Tips to Protect Your Business from Liability

If you own a small business, you probably know that even a single lawsuit can mean having to close your doors. While this is true, there are steps you can take to prevent issues and liability, which are found here.

Purchase the Right Insurance

According to Thayer Innes, having the right insurance is the best way to protect your business from liability lawsuits. While each business’s insurance needs are unique, purchasing products, commercial property liability, and general liability coverage are recommended.

Maintain High Standards

Know your business practices down to the very last detail and work with your employees to create high standards for each step of your service or product. When you know how things should be done, you can begin enforcing these standards at every turn.

Test Your Guidelines

Once you establish your standards, you need to test people and processes to ensure they are living up to them. If not, you need to figure out what has gone wrong and what you can do to fix the issue. Failure to do this may result in a liability lawsuit down the road.

Protecting your business takes time and effort. However, when you use the right steps and put the right processes in place, you can reduce the likelihood of a liability lawsuit being filed against your business.


Professional Liability Insurance Programs for Real Estate Firms

Real Estate Firms: How to Fight the Disgruntled Client

Real Estate Firms: How to Fight the Disgruntled Client

Lawsuits happen. They particularly happen on the regular when it comes to the real estate industry. People have a lot of money tied up in the business, so it makes sense for suits to happen. This is exactly why a firm needs professional liability insurance for real estate firms.

What Is Real Estate Insurance?

As a real estate firm, you do everything that you can to please your client. Unfortunately, this isn’t always enough. There are always going to be clients who are unhappy with their service. Sometimes, this might be due to a miscalculation on your part and other times, it may be because the client was unable to receive what he or she wanted.

This is where professional liability insurance programs for real estate firms come into play. It’s important to have proper coverage to fight against claims.

Negligence and Errors

If your firm is facing losses due to errors, negligence or any other omissions in your services, then you should have insurance to back you up. These fees can end up too costly for most people to deal with. In this case, it’s better to have insurance to pay. Otherwise, your whole firm will suffer the loss.

When it comes to professional liability for real estate firms, it’s impossible to go without it. You can never predict when something might happen and if you’ll be prepared for it without insurance.