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Boatyard Insurance

The Most Important Types of Boatyard Insurance Your Facility Needs

Every boat owner knows that insurance is the best way to protect their boat on the water, but what happens when the boat is in storage? As a boatyard manager, the best thing you can do is invest in comprehensive insurance to protect your facility and your clients’ vessels every day. So, what types of coverage do you need?

The Must-Have Boatyard Insurance Types

The exact types of boatyard insurance that you’ll need will depend on the type of facility you run. However, most boatyards can benefit from these common coverage options:

  • Protection and indemnity insurance
  • Pollution coverage
  • Marine general liability insurance
  • Cargo insurance
  • Hull and machinery coverage
  • Docked vessel liability coverage

These are just a few of the coverage types you’ll need when running a successful boatyard. Keep in mind that every situation is unique. You’ll want to choose coverage that protects your business and your clients.

What To Look For

When searching for coverage, pay attention to the limits each policy and coverage types have. You’ll need to choose a comprehensive boatyard insurance plan that provides enough protection for your needs. Choosing coverage with small limits means you’ll have to pay more out of pocket every time you file a claim.

Every boatyard is different, but they all need high-quality insurance. Look for these types of coverage and your facility will be safe at all times.

Staffing Insurance for Nursing

Key Facts About Staffing Insurance for Nursing

If you run a medical staffing firm and specialize in providing healthcare facilities with qualified personnel, you may be wondering whether you need staffing insurance for nursing. While it might seem like an extra expense, staffing insurance is essential to protect your company in case of injuries and accidents, damage, liability claims, and more. Here are a few key facts to keep in mind as you search for the right coverage for your firm.

Coverage Can Be Tailored

No matter what your medical staffing firm needs, you can find an insurance program tailored to your situation. Coverage may include:

  • Workers’ compensation
  • General and professional liability
  • Cyber liability
  • Third-party crime
  • Regulatory audit insurance coverage

While you can purchase a broad package, you may want to look for a carrier that can customize your coverage.

Protect All Your Assets

When purchasing insurance, it can be easy to overlook potential liabilities. Be sure that the package you decide on covers all of your assets, including finances, personnel, and company property.

Running a medical staffing firm can involve a lot of moving parts, so getting staffing insurance for nursing is key to protecting yourself in case of claims. Whether you provide medical personnel on a permanent or temporary basis, these key facts can help you find the right insurance coverage for your needs.

Grocery Stores

How Grocery Stores Can Manage Risk

Managing a grocery store requires outstanding service, great staffing, and comprehensive risk management. In order to protect your grocery store against liability and loss, you need to develop conservative practices and strategic safeguards. Comprehensive commercial insurance should be an integral part of your store’s risk management plan.

Choose the Right Level of Coverage

Grocery liability insurance should be a core part of your store’s operating budget and risk management strategy. It’s important that you structure your insurance to contain adequate coverage levels as well as affordable deductibles. Supplementing your insurance with umbrella coverage can give you an added layer of protection in the event that you have to contend with a sizable claim.

Incorporate Essential Elements of Coverage

While general liability and property insurance are certainly among the most important components of commercial policy for a grocery store, you may also need to consider additional forms of coverage. Workers’ compensation, auto insurance, and liquor liability policies can offer targeted risk management.

Get Expert Assistance

It’s advisable to work with an insurance company that has a longstanding tradition of serving clients in the grocery industry. In addition to providing you with competitive rates, it can impart valuable insight towards building effective risk management plans. An outstanding provider will offer guidance about accident prevention, loss prevention, and workplace safety.

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.

 

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.

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.

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.

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.

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.

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.