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Coverage For Cemeteries

Insurance Coverage For Cemeteries

Operating a cemetery requires careful attention to the condition of the premises. In addition to holding services, cemeteries are a place that many people will visit regularly to remember a loved one. Being responsible for any type of area that is accessed by the general public can give rise to liability concerns, and a cemetery is no exception. Cemetery managers need to safeguard their operations with comprehensive insurance.

Why Is Insurance Necessary for a Cemetery?

Owners or operators of a cemetery could face legal claims in the event that there is an incident on the premises that leads to an injury or damage to a person’s property. Cemeteries often encompass considerable square footage. Even when the grounds are meticulously maintained, any number of accidents could happen. For example, an unsafe condition that causes someone to trip and fall. Cemetery insurance can help address these types of liability claims.

What Benefits Are Available?

Coverage benefits for liability claims may include legal costs, a damages award, or a settlement agreement. In addition, supplementary insurance benefits are available to compensate a cemetery for several types of damage to a cemetery’s premises or its assets:

  •       Damaged equipment
  •       Broken fences
  •       Fallen tree removal

For help with cemetery insurance coverage, it’s advisable to reach out to an insurance company that has experience serving cemetery operators.

 

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Employee Theft

How Employee Theft Can Create Significant Losses

When business owners think about the possibility of theft, their first thoughts don’t generally involve their own employees. However, employee theft can be among the most serious and substantive.

Theft Can Go Undetected for a Long Time

Employees are in a unique position to be able to steal from a business because they have been entrusted with access to products, supplies, and even funds. Moreover, they may be able to conceal their theft rather effectively. Employees may have the opportunity to repeatedly steal from a business over an extended period of time before anyone else becomes aware of it.

Employees Can Use Their Position to Steal From Third Parties

In some instances, theft could be committed against a third party who a business works with or a client who it serves. In addition to having lost revenue, a business could be liable to the party from whom the employee has stolen.

Businesses Need to Safeguard Themselves Against Dishonesty

Virtually every type of business needs a strategy aimed at preventing and addressing internal loss. Employee theft protection through crime insurance can compensate a business for losses resulting from theft.

Reach out to an experienced insurance company so that you can find out more about what you need to do to protect your operations and revenue from employee dishonesty.

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ATV

Ensure That Your ATV Is Covered Before You Hit the Trail

There are a wide variety of off-road trails to explore in Connecticut. From dense forests to muddy tracks, the state has lots of opportunities to enjoy the outdoors. However, before you head out on your next adventure, you should look into getting ATV coverage. Without proper insurance, you risk liability if something happens to you or other riders.

Types of Coverage

Insuring your ATV or UTV makes sure that you’re prepared for whatever may happen on the trail. Depending on your needs, there are a variety of different insurance types to check out:

  • Comprehensive (covers damage to ATV due to fire, theft, etc.)
  • Collision
  • Bodily injury and property damage liability
  • Uninsured/underinsured motorists

Insurance for your ATV means that you are protected in the event that you’re involved in an accident. Even if you’re not out on the trail, comprehensive insurance offers protection for theft and vandalism. Should there be an accident that results in injury or property damage due to your ATV, you can protect yourself from liability.

Peace of Mind Off the Road

ATVs offer a way to escape and explore the great outdoors. Though they’re recreational vehicles, they’re still an investment. Instead of risking liability, protect your assets by covering your quad or UTV with a variety of different insurance options.

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ATV
Homeowners Insurance Policy

Should You Purchase Both a Homeowners Insurance Policy and a Home Warranty?

Owning a home involves a significant financial investment. Indeed, it’s the largest expenditure most people make in a lifetime. Homeowner’s insurance policies and home warranties can help you to protect this investment. While both of these products provide coverage for your home and your possessions if an emergency occurs, they do so in different ways. Knowing the differences between a home warranty vs home insurance can help you to decide what type of plan is right for you.

What Is a Homeowners Insurance Policy?

Homeowners insurance is a type of property insurance. It will pay the cost of repairing or replacing the structure of your home and your personal belongings in the event of:

  • Storms
  • Theft
  • Fire
  • Some forms of water damage
  • Other natural disasters

A plan will also protect against third-party claims of bodily injury occurring in your home.

What Is a Home Warranty?

Unlike homeowners insurance, a home warranty will not cover the structure of your home or your personal possessions. Instead, it pays for the repair or replacement of your home’s major components, such as plumbing, electrical wiring, cooling and heating systems and certain appliances, should they stop working. However, it is important to note that a warranty will not provide coverage should these be improperly maintained.

You’ve invested time and money in your home. Unfortunately, unforeseen damages and breakdowns can easily occur. Homeowner’s insurance policies and home warranties can help you to cover the expense of restoring your home, its components and your personal possessions.

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Insurance Agents Protection

Protect Your Insurance Agents the Way You Do Your Clients

Running an insurance agency or similar organization can bring about a number of unique concerns. While your business is centered around providing sensible insurance solutions to people across a variety of industries, you also need to make sure that your own team is covered in the event of an accident. One way to achieve this is by taking the time to review all of your options on insurance agent E&O. Understanding this type of package is crucial when it comes to providing peace of mind for your team.

Getting a Feel for Agent Errors & Omissions Packages

As insurance experts in your industry, you probably already know how Errors & Omissions coverage works. This type of plan for your agents performs much in the same way as a traditional plan. The coverage addresses any exposures that might occur when an agent is delivering information, paperwork, and other critical data to clients. In the event that something is missed, E&O coverage works to protect your agents and your company from being held liable. This can save you money and keep your workers safe. Additional benefits of this plan include:

  • Coverage for wrongful acts
  • Personal injury
  • Subpoena coverage

Protect Your Team 

Taking care of the men and women who act as agents on your insurance team is a big task. Take time to review your options with comprehensive E&O coverage for your agency and discover how you can do what’s best for your team.

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Professional Liability Insurance

Protecting Your Firm with Professional Liability Insurance

Business owners like yourself understand the need for typical insurance plans to protect your operations:

  • General liability, including protections against customer injury and property damage
  • Property coverage for office building and property owned and used by your company
  • Commercial auto for vehicles used for business
  • Workers’ compensation, offering protection for employees injured on the job

Leading an engineering firm, you also need professional liability insurance. Your clients expect you to deliver buildable plans and specifications. If a mistake or oversight in your design causes physical and/or financial loss to a client, you need a plan that protects you from losses due to litigation.

Why Do I Need Professional Liability Insurance?

This professional liability insurance, also known as engineering errors & omissions coverage, gives you the layer of protection that helps you pursue clients and contracts to grow your business. Despite in-house quality control and quality assurance processes, errors and omissions can occur that can result in significant damages. Whether it’s a small mathematical error in a set of design calculations or a note that incorrectly indicates inches instead of feet, a mistake puts your company at risk when operating without E&O coverage.

Do I Really Need E&O Coverage?

The reality is that some clients and business partners require consultants to have a specified amount of professional liability insurance before executing a contract or issuing a notice to proceed. You’re in this business to make money. Don’t disqualify yourself from lucrative contracts by not having E&O protection.

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valuations for cargo ships

Safety Evaluations for Cargo Ships

Cargo ships all have to take important safety steps to mitigate safety hazards. Apart from the dangers posed by inclement weather, other hazards such as mechanical failures or improper maintenance could present a serious danger. Safety inspections are a critical part of ensuring that a ship is seaworthy and that crew and cargo will be safe.

Cargo Needs to Be Stored Safely

Cargo safety evaluations must confirm that cargo containers are being placed securely and weight is distributed evenly throughout a ship’s cargo hold. Any unexpected movement while a ship is in motion could result in serious personal injury or property damage.

Life Rafts and Life Boats Must Be in Working Order

In the event of a critical emergency, a ship’s emergency life rafts and lifeboats need to be ready to put to use. There must be an adequate number of emergency vessels to accommodate all crew on board, and they must be equipped with all necessary emergency equipment.

Communication Equipment Must Be Well-Maintained

A ship’s vital emergency communication equipment must be fully operational at all times. It needs to be periodically inspected, and any type of equipment malfunctions must be immediately addressed. If there is a temporary outage in operations, the cause has to be identified and addressed.

Maintaining emergency equipment and verifying that safety protocols are followed will greatly help to minimize the risks associated with heavy cargo shipping.

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construction bonds

Reinforcing Your Construction Business with Bonds

Individuals purchase insurance to cover losses and damages. Similarly, business entities procure insurance to protect their interests. As a contractor, you need to purchase a special type of work-related insurance known as a construction bond. Many owners require contractors to carry construction bonds that protect their projects from disruptions or financial losses that prevent completion of the project or construction according to project requirements. Here are a look at common types of construction bonds available and how they work.

What Are Some Common Types of Construction Bonds?

The most common construction bonds include the following:

  • Contractor License. These are usually required by government owners before you can work on the project. It’s a guarantee that you follow all applicable laws and regulations.
  • These bonds guarantee that you will contract with the owner for the bid amount if awarded a project.
  • These bonds are often required for contracts over $100,000, covering your subcontractor’s and suppliers’ invoices in the event that you can’t pay them for their work.
  • This guarantee that you deliver a project according to contractual terms, including scope, schedule and quality.
  • These bonds are used to reimburse a purchaser for the loss if you fail to obtain supplies or materials.

What Other Bond Types are Available?

Other bonds include maintenance bonds, subdivision bonds and site improvement bonds, which may be required of contractors that specialize in maintenance work, municipal projects and renovation jobs. Consult an insurance agent that is an expert in coverage for construction work for the right plan for you.

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legal cannabis and hemp industries

What Are the Risks Involved in Starting a Cannabis or Hemp Business?

The proliferation of cannabis and hemp businesses across the nation continues to skyrocket with the nation-wide legalization of hemp and the increasing number of states legalizing cannabis. While the potential for profit is high, there are risk factors involved that those who would like to get in on these new niches should be aware of.

Potential Risk Considerations

Starting a business always involves risks. This is true regardless of industry. Hemp and cannabis are both agricultural crops. As such, they are subject to issues inherent in agriculture. Though hemp is a hardy plant, the weather is still a concern. For instance, too much water too early can ruin the crop.

While the market is thriving for hemp and cannabis products, there are still concerns about competition. Other market factors have become apparent in the time of COVID-19, which has resulted in an overall boon for the industries, though those with physical shops either had to close their doors or shift their delivery methods.

Special Considerations

In addition to the risks involved in starting any business, there are some special considerations for the legal cannabis and hemp industries, including:

  • Marketing claims that could lead to legal issues.
  • Inadvertent production of crops with THC levels higher than the legal limit.
  • Difficulty finding adequate insurance.

The growth curve for these industries is predicted to continue on an upward trajectory, and many entrepreneurs are taking advantage of the trend to start a new business. For those taking the leap, it is important to consider and plan for the potential risks.

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restaurant going green

How Your Restaurant Can Go Green

With federal legislators and the executive branch failing to bring about urgently needed environmental reform, the onus to act is falling on corporations, small businesses, and individuals. Everyday consumers expect and demand that the companies with whom they choose to do business launch green initiatives and adopt environmentally friendly practices. This is particularly true in the restaurant industry, which is better positioned to go green than in other sectors. Here are some ways that your restaurant can go green to win over more customers, reduce operational expenses, and contribute to the most important cause in all of history: saving the planet.

  1. Green Food Packaging

Contrary to what most people think, traditional plastic packaging usually doesn’t really get recycled. The United States’ ability to process plastics recycling is very limited. China used to process the majority of the United States’ plastics material but has ceased to accept them. Non-plastic food containers are not expensive, and they’re typically made of better quality materials.

  1. Water Conservation

A restaurant going green has to take measures to prevent water waste. Using low-flow meters and dishwashers is an excellent way to conserve water in your restaurant.

  1. Energy Efficiency

Restaurants can purchase or lease energy-efficient appliances to use less power. LED lighting requires significantly less electricity than traditional lighting. Energy efficiency not only helps the environment, but it also brings down your monthly energy bill and makes your restaurant more profitable.

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