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Entertainment Insurance

Understanding Adult Entertainment Insurance

There is a certain amount of risk involved with running any kind of business but this is especially true when it comes to anything related to adult entertainment businesses.  Adult entertainment establishments and nightclubs involve a lot of factors that can easily lead to the perfect storm for something to go wrong.  This is why it is important to have adult entertainment insurance to cover your business in case an incident occurs.

What is Covered By Adult Entertainment Insurance?

Adult entertainment insurance can provide coverage for a variety of different things.  You can obtain the usual types of coverage that any business should have such as general liability insurance, property insurance, workers’ compensation, and employee benefits liability insurance.  However, when it comes to adult entertainment, the typical business insurance coverages will not suffice.  There are a couple key types of insurance that you need to have to make sure your business is protected.

Liquor Liability Insurance

This type of insurance is a must if your establishment serves alcohol.  When alcohol gets involved, people’s inhibitions are lowered and they are far more likely to make a risky choice such as driving under the influence or getting into a fight with another patron.

Assault & Battery Insurance

Assault & battery insurance is a must for any adult entertainment-related business.  Infractions can easily occur between patrons and between workers and patrons.

Running a business in the adult entertainment industry is not easy.  Having good insurance coverage can make a huge difference.

Guaranteed Replacement Cost Coverage

How Can You Get Guaranteed Replacement Cost Coverage for Your Home?

If you live in an area that poses significant climate or other risks to your house, or if you simply want very thorough coverage, you might be looking into guaranteed replacement cost coverage, which may allow you to rebuild your home after it gets significantly harmed or even destroyed. However, if you’ve had trouble identifying insurance companies offering guaranteed replacement cost, you can use this guide to figure out how to get this coverage.

Look for Policies That Cover Full Replacement Costs

Not all home insurance policies cover full replacement costs in the event of reconstruction, especially once costs like the following are taken into account. You’ll want to look for a policy that will cover your full reconstruction cost, regardless of policy limits.

  • Materials and construction supplies
  • Contract labor

Your Current Homeowner’s Insurance May Determine How Much Guaranteed Replacement Coverage You Require

The amount of guaranteed replacement coverage you get could depend on your current homeowner’s insurance covers. Unfortunately, many homeowners are under the impression that their regular property insurance covers more than it actually might. If your policy only covers, for instance, 80% of your home’s value, or less if your home has appreciated significantly since you bought it, this alone might not be enough to cover costs.

Finding insurance companies offering guaranteed replacement cost isn’t always easy, but the coverage can be well worth the search. With guaranteed replacement cost coverage, you can rest assured you’ll be able to rebuild your home even after a disaster.

Marine Insurance Coverage

Protect Boat Dealers With Marine Insurance Coverage

In the marine industry, there a variety of sectors with different risks. When choosing marine insurance, you have to think about the business in question. For instance, when working with boat dealers, they may require insurance coverages tailored to them.

Boat Dealer Insurance Options

If you are working with boat dealers, you need to think about the different risks that boat dealers face. Boat dealers, like most companies, require general liability coverage and property coverage. This will protect the business against injury and property damage claims. Some boat dealer insurance options include:

Special coverages are determined by the boat dealer in question and risks that are specific to the company.

Boat Dealer Risks

In the marine industry, boat dealers face different risks than others. For instance, if a boat becomes damaged during transport or in a seaworthiness test, that is a loss for the company. Inventory at the marina or in a lot can be damaged by storms or vandals. It is important to keep risk in mind when choosing different insurance coverages.

If you have boat dealer clients, then you need to have the options available. Boat dealers will trust an agent who is educated in the various risks and can customize insurance options to fit their business.

Manage Construction Risks

How To Properly Manage Construction Risks

Construction sites pose the risk of serious injury to workers. Heavy machinery and sharp tools with moving parts are some of the components that cause concern to builders. Because of these risks inherent in the work, it’s critical for the construction business owner to be aware of the many situations that pose risks and cause roadblocks. This not only protects their business but also protects their workers from harm.

Risk Management in the Construction Business

Managing risks in construction helps the business owner control the issues that can delay or derail a project. Some of the most common risks include:

  • Safety Concerns– The top concern for construction companies centers on workplace injuries.
  • Cost Factors– Often, unexpected costs can arise while working on a project.
  • Weather-related Issues – Natural disasters, such as floods and strong winds, can easily derail a project.
  • Legal Risks– Contracting disputes and liability risks often arise during a job.
  • Delay Concerns– Management issues and breaks in the supply chain can seriously hamper a project from being completed on time.

Once risks are identified, a plan to mitigate each risk must be developed. It’s wise to focus on the most severe and highest-probability issues first, and train all employees on best practices.

Managing risks helps the construction business owner stay in control even when unexpected events occur.

Liability Insurance

Liability Insurance for Educators

Educators today face many liability issues that were unheard of a few years ago. Lawsuits can encompass a large range of employment practices as well as student and parent issues.

Liability Coverage for Educators

Educator liability insurance protects against a number of different risks faced by school boards and educators. Coverage typically protects both employees and volunteers who work for the school. In some cases, coverage may protect students as well.

Liability claims can be categorized as follows:

  • Employment practice claims – These claims, usually brought by teachers and other school workers, are the most common type of lawsuit faced by school boards. Claims include discrimination, sexual harassment, retaliation and denial of tenure. Issues with the hiring and termination process are also fairly common.
  • Student or parent issues – When a student is suspended or expelled from the school for unacceptable behavior, a claim may be filed against the school board, the principal or the teacher involved. Considered wrongful acts can include teacher bias or professional errors and omissions.

It’s important to select an insurance policy that is broad enough to cover all those who work within the school system.policy

Liability claims against educators can be devastating for a school of any size. Make sure you have adequate coverage to protect each person working within your school system.

Risk Retention

2 Reasons Why Risk Retention May Benefit Your Business

If you own or run a business, you know the daily risks associated with daily transactions or operations. Most companies transfer that risk to an insurance company to alleviate potential fallout, yet sometimes business owners choose to retain them. Here are two risk retention examples of how they may benefit you.

1. High Premiums

Sometimes insurance coverage can get expensive, especially when you have multiple policies and plans. For this reason, sometimes, business owners will retain risk if the loss is less than paying for insurance coverage. For example, while vandalism and theft are never pleasant, these losses may be more affordable to correct out of pocket instead of paying high monthly or annual insurance premiums.

2. Inability to Find Appropriate Coverage

Forced risk retention involves making the decision to forgo coverage and retain risks due to them being uninsurable or uncovered by policy deductibles. The inability to find adequate coverage is another example of why risk retention is beneficial to business operations.

Choosing to retain potential risks isn’t one to take lightly, but one that may ultimately benefit your company’s overall success. Suppose you can pay for losses out of pocket or budget for more predictable ones. In that case, you may benefit from waiving insurance protection and researching risk retention group options.

New Market

2 Tips for Entering a New Market

It can be tough to expand your operations in a competitive industry, and insurance is one of those sectors where the competition is steep. Instead of falling behind your competitors or watching new accounts slowly taper off, you need to make a jump into a new market and source new clients. There are a few ways you can do this.

1. Find the Right Marketing Partner

Rather than struggle to do everything in-house, consider partnering with a marketing firm that specializes in the insurance industry. Through their digital marketing services and an insurance broker directory, you will gain access to data that may have remained out of reach from you. Marketing partners know and understand trends and forecasts, making your strategy relevant.

2. Research the Competition

To make waves in a new market, you need to stand out from the competition as soon as you get started. Do your homework when it comes to competitors. Find out why they are liked, the strengths and weaknesses, and the limitations they may have. Plan your entrance and your operations to capitalize on the weaknesses. Don’t be dishonest, but don’t publicize your intentions either.

A new market can be an overwhelming thought, and you should always be prepared before transitioning into something so significant. With the right help and the right research, you increase the chances of success you have exploring new territory.

Risk Management

Risk Management in Social Work

Social workers face decisions that can have major and far-reaching implications on a daily basis. There is a risk of potential harm to clients— and possibly themselves — if a poor decision is made. That is why it is critical for social workers and companies that utilize them to develop and implement social work risk management strategies.

Risks Faced by Social Workers

The unique nature of the social worker-client relationship opens the door for potential conflicts and risks. The most prevalent ones include the potential to do harm o themselves or their clients. That may be physical, psychological, ethical or financial.

Strategies That Minimize Risk in Social Work

Although some will naturally be riskier than others, you should always assess the risks of each client intervention. Them, take steps to reduce any risks that are identified. It is virtually impossible to remove them all, however, so additional precautions may be necessary. The right insurance programs, designed specifically for social service providers, can help reduce liability and protect against claims.

Risk management plans are designed to assess and reduce potential areas of concern, not eliminate them. Expecting too much from a program can lead to serious problems. Instead, it is better to use your plan as a strategy for prioritizing actions to provide the highest level of care while also protecting yourself and clients from harm.

Staffing Firm

The 2 Key Facts You Might Not Have Known About Getting Your Staffing Firm Properly Insured

While browsing through to search for the perfect policy for your staffing firm, you may have realized that you’re not sure what direction to head in for your coverage. Sifting through insurance information can seem disorienting, but there are a couple key facts that you should absolutely be aware of to secure the best-fit policy for your agency.

1. Make Sure You Purchase Adequate Coverage for Any Highly Valuable Company Assets

Part of having insurance in place is for legal protections, but another important reason to get a good policy is to be covered financially. Make sure whatever policy you buy adequately covers your company’s most valuable assets.

2. Choose Coverage From At Least Three Main Insurance Categories

While you may think you only need a single insurance type for your staffing agency, you likely will actually need at least three different types. These cover:

  • Errors and omissions, or E & O, insurance, also called professional liability coverage
  • General liability coverage, which is helpful for a wide range of occurrences, from third-party damages to intellectual property lawsuits
  • Worker’s compensation, which covers employees’ salaries and expenses if they’re hurt while at work

As you look for your agency’s ideal insurance policy, it can be easy to feel overwhelmed navigating all the options. If you follow these two guidelines, however, you can work through the noise and identify the coverage that’s best suited to your firm.

Contractors Insurance

The Advantages of Contractors Insurance

If you own a business, there is always the possibility of incurring devastating financial debts from work-related accidents. Because of this, it is vital that you adequately protect your business. This is where contractors insurance comes in.

What is Covered by Contractors Insurance?

This type of insurance generally covers business liability exposures. Examples of these are injuries or damage to someone’s property caused by your business. Additionally, contractors insurance can provide coverage for your business’s vehicles and your employees.

Who Needs Contractors Insurance?

If you are a contractor, a subcontractor, or an independent tradesman, you need contractors insurance. Not only does contractors insurance provide protection for your business, but it also is often required by employers before you can start working for them. Some of the trades that need contractors insurance are:

  • Construction
  • Plumber
  • Carpenter
  • Electrician
  • Landscaper
  • Painter
  • Handyman
  • Pressure Washer

What is The Cost of Contractors Insurance?

Contractors insurance generally doesn’t have a set price that applies across the board. Rates can differ depending on a variety of different things. The biggest deciding factor in the cost is the amount of risk you are exposed to. For example, someone that works on high-up roofs will have to pay more than someone who is an HVAC technician.

Running a business can be hard and risky. Having the right kind of contractors insurance can make all the difference.