Making Propane Insurance a Part of Your Risk Management 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.

Insurance Agents

Finding Insurance for Insurance Agents

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Category : Insurance Agents

Professional liability coverage is a must-have in most of today’s trades and professions, especially for practitioners who work for themselves. Insurance brokers and independent agents alike need protection against the everyday errors and omissions that can happen due to unforeseen emergencies or even simple but unfortunately expensive mistakes. Sooner or later, everyone winds up in a situation where a customer makes a claim for damages, whether or not it’s justified. Robust E&O insurance for insurance agents doesn’t just cover those damages, it also helps pay for the costs of litigation where necessary.

Professionals Serving the Insurance Industry

There’s a reason why most insurance advice comes down to working with the experienced agents who really understand your industry, and when you work in the insurance industry, the advice still holds. Your most effective and well-written coverage quotes are going to come from people who have a lot of experience covering the people who sell insurance to others, no matter what kinds they sell. While the kinds of insurance offered vary, the kinds of liabilities faced by agents and brokers are broadly similar across the industry. That makes it easy for experienced players to quote accurate coverage for insurance industry clients. It’s easy to see why you benefit from working with someone whose expertise in this niche goes as deep as your own expertise in yours.

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.

Marina

Getting the Right Coverage for Your Marina

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Category : Marina Coverage

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.

Watercraft Renting

Insurance Designed For Watercraft Renting Businesses

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Category : Rental 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.

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