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usrisk

The Unique Insurance Needs of Professional Employer Organizations

Running a staffing agency or professional employer organization can offer some unique challenges. When you are responsible for more than 150,000 individuals at any given time, it can add a lot of stress to your life. It can be particularly difficult to determine the best fit for your needs in regard to insurance. In order for your PEOS to thrive, you need to think about the basic coverage options presented to you and which will help your company avoid financial issues.

Coverage Options

As mentioned by the experts at www.usrisk.com, there are certain considerations your professional employer organization should take when selecting insurance. Due to the nature of your business, you may need very specific plans in order to cover the demands placed on your clients or employees. Common coverage options to consider include:

  • General liability
  • Errors & omissions insurance
  • Employment practices liability

Additional Policy Considerations

There are also some additional policies you may wish to consider. Auto, crime, and property options are typically available to companies that require this coverage. Weigh out your options and determine which policy will help protect you in the broadest range of scenarios.

Getting the most out of your insurance policy takes time. Help your professional employer organization see the success it deserves by researching a coverage option that works best for your future.

manufacturer's insurance

3 Areas of Liability in Manufacturing

3 Areas of Liability in Manufacturing

If you operate a manufacturing facility, you probably carry a manufacturer’s insurance policy. However, if you are careful, your policy may have exclusions or gaps that don’t cover some of the biggest areas of liability your company might face. One of these crucial areas is product liability. The group at https://www.dsayles.com cautions that financial costs associated with resolving claims concerning product liabilities are only a part of the challenges for a company. Trying to repair your company’s reputation can be costly, and it can take years to return to good standing in the industry.

The liabilities with a company product can occur at any stage of development, making it crucial for the company to continually demonstrate a commitment to safety. There are three primary areas of product liability facing manufacturing companies.

  1. Design Defects. When the products are in the design phase, a hazard analysis should be conducted to determine the potential areas where an end-user could be harmed or the property itself could be damaged. This should include both anticipated and unanticipated uses.
  2. Manufacturing Defects. If a product has been found to have a defective condition that creates or created a danger to the user, the manufacturer can be held liable. Quality assurance programs can help catch these areas.
  3. Warning and Instruction Defects. Hazards that can’t be avoided by design may be cautioned against through warnings. The adequacy of the warning to protect a consumer can be the cause of a liability concern, with inadequate warning potentially leading to end-user harm.
homeowners insurance

Is Your Home Protected Against Winter Snow?

Living in a winter wonderland can be a magical experience, but snow can damage your home during and after storms. If you’re curious about how snow damage & homeowners insurance are related, this short guide is for you.

Potential Damages From Snow

Whether snow accumulates on your roof, seeps into your walls or damages your power system, it is generally covered under your homeowner’s insurance policy. Some of the winter damages that are associated with snowstorms that your policy helps with include the following:

  • Fallen tree branches
  • Frozen pipes
  • Leaks from melted snow
  • Strong winds
  • Ice dams

Getting the Most Out of Your Policy

Many people assume that damages resulting from snow or other winter weather occurrences are covered under home insurance. However, if damages could have been prevented, your homeowner’s insurance policy will not cover the damage, according to information provided by Thayer Innes Insurance. For example, performing the following maintenance throughout the year means insurance companies are more likely to provide compensation for damages:

  • Keeping the roof in good condition
  • Trimming trees
  • Shoveling snow
  • Repairing old pipes

Maintaining Your Home Is Key

As the colder months approach, it’s important for you to be aware of any conditions regarding snow damage & homeowners insurance according to your policy guidelines. Following the tips above regarding maintaining your home can help you have even more protection when it comes to snowstorms this winter.

Health Care

Most Vulnerable Data of Home Health Care Providers

Similar to other healthcare companies, home health care providers must adhere to HIPAA guidelines which require they protect patient data. However, hackers constantly present a problem by stealing data on the business’ servers. Here is a list of the most vulnerable data hackers are after.

Payment Information

Many patients use insurance to pay for their home health care. A hacker can take that information and fraudulently bill the insurance company. Credit cards, bank account information and health savings accounts are also vulnerable to theft.

Personal Information

A patient’s personal information is often contained in a server for access on mobile devices by clinicians attending to patients in their homes. This information includes their name, DOB, SSN and address which are prime targets for hackers. They can use the information for fraud and identity theft.

Health Records

The majority of people are not interested in others knowing about their detailed health histories and issues. This information can help hackers better target their fraudulent claims for lower rates of denial. As seen on Manchester Specialty Insurance, stiff penalties are common after home health data breaches.

Home health care providers need an effective security plan to protect the data of their patients. In addition to HIPAA violations, data breaches can bring forth lawsuits from patients whose data was stolen.

Huntersure LLC

Understanding Miscellaneous Professional Liability Insurance

If you own or manage a company that provides professional services, it’s essential to make sure you have the right level of insurance coverage. One type of insurance you may want to have is Miscellaneous Professional Liability insurance. This type of coverage can help reduce the financial consequences of errors or omissions that occur when you provide services to your clients.

The Basics of MPL Coverage

You may wonder exactly what is MPL insurance? In essence, this type of coverage can help protect your company if there are allegations or lawsuits based on problems with the services you provide. For example, some circumstances that MPL insurance may cover include lawsuit claims that your company failed to meet service deadlines, misrepresented the services offered or made errors during service contracts.

MPL Client Industries

You may consider obtaining MPL insurance no matter what type of services your company provides, but this type of coverage is especially common in certain industries. The insurance firm Huntersure LLC states that MPL insurance may work well for certain professionals: property managers, real estate agents, consultants, bookkeepers, travel agents, and publishers.
Having the right insurance coverage for your company can help protect your financial assets if there is a lawsuit or other legal action. If your company provides professional services, you may want to consider getting MPL coverage that can help offset liability issues related to errors, omissions, and failures that occur during service contracts.

The industry leaders at moody insurance

Top Tips for Lowering the Risk of Employee Theft in Homes

Many people prefer to hire a maid or cleaning company to clean their house rather than spend the time doing it after a hard day working. Unfortunately, this also leaves the homeowner open for the possibility of theft. In addition to having bonds for cleaning companies, these tips can help lower the risk of theft.

Educate Customers

One way to deter theft is to educate customers. Have customers put their valuables away and out of sight of the maid to avoid the temptation. Valuables like cash and jewelry left on bathroom counters, dressers and nightstands are common targets for theft. Getting the customer to work with your business can decrease theft risk.

Provide Information

When a new client interviews your company, don’t simply say you are bonded, licensed and insured. Provide that information upfront. This can help put their minds at ease and increase their trust. The industry leaders at moody insurance understand employee theft is a potential problem for cleaning companies.

Training Practices

When hiring and training new staff, make sure you include information about theft. Have a policy in place for handling theft should it happen rather than coming up with something once an accusation is lodged.
Bonds for cleaning companies can bring peace of mind to your clients and protect your business against employee theft. Consider bonds as part of the costs of doing business.

According to King Harvest Medical Cannabis Care information

An Alternative Treatment for PTSD

Post-traumatic stress disorder, or PTSD, is a serious condition that can affect anyone. However, treatment is often a mixture of different therapies that may have unpleasant side effects. That’s why there is CBD for PTSD.

How CBD Can Help

PTSD often leads to high anxiety, an inability to sleep, nightmares and even behavioral differences. A person’s entire life can change because of a traumatic event, even though these changes may not manifest immediately. When a person does experience PTSD, a doctor usually prescribes an antidepressant, although it may not have the desired effect. Scientists found that medical cannabis allows doctors to treat patients with PTSD and remove the side effects antidepressants may have. CBD is found to help with the following:

Reduce feelings of anxiety
Relax the body and mind for restful sleep
Clear the mind
Increase the ability to focus

According to King Harvest Medical Cannabis Care information, a person’s entire life can revolve around a past traumatic event. CBD allows people to break free of the seemingly never-ending cycle of fear and anxiety and begin to live in the present once again.

Enabling People To Be In Control

Individuals who take CBD as a treatment for PTSD can regain the ability to be in control of their lives in a way that other therapies do not. As the research behind medical cannabis continues to evolve, it is possible that CBD for PTSD may become more mainstream.

Daniels Insurance

What Is Personal Umbrella Insurance?

If you’re in your 20s or 30s and trying to determine which insurance is necessary for this point in your life, you may be feeling a little discombobulated. One way to make sure that you have all the coverage you need is to purchase a personal umbrella policy.

What It Is

Umbrella insurance is a type of policy that covers you from claims or lawsuits across a variety of situations. It may cover anything from homeowners’ insurance to boat insurance and can protect you from situations not generally covered by liability, such as false arrest or libel and slander. Source: Daniels Insurance

How It Protects You

Umbrella insurance protects you when your other policies can’t. Imagine, for example, that your home catches on fire. Chances are your homeowners’ policy only covers a certain amount of damages. If your home has $750,000 of damage, but your policy only covers $500,000, you’re on the hook for the remainder. However, an umbrella policy can cover that additional $250,000 so that you aren’t scrambling to pull it out of pocket some other way.
If you do decide that umbrella insurance in Santa Fe is right for you, be sure to purchase it from a reputable, licensed agency. This way, you know that your needs are being met and aren’t met with any unpleasant surprises in an emergency.

https://www.thayerinnes.com/

Quality Coverage for Niche Industries

Is there an insurance plan for every industry? Yes, but they are not all the same. That is why you need specialized insurance in Ann Arbor for industries such as home health care and cannabis that are not adequately covered by traditional insurance programs. Source: https://www.thayerinnes.com/.

Areas of Coverage for Unique Businesses

There are two specific and unique niches that require different insurance than most traditional companies. The first is the cannabis industry that has expanded recently, with farms, distributors, and dispensaries opening and providing medical and legal marijuana to consumers. The second is the home health industry that provides medical and cares services to patients in the home, such as administering medication, diabetes management, wound care, physical hygiene, therapy, and companionship. To provide these specialized services that are distinctive to your industry, your business may need policies that cover the following areas of your practice:

Workers’ compensation
General liability
Cybersecurity
Commercial property
Equipment repair
Employee crime
Product recall
Directors and officers liability

Specialized Policies for Your Business

The cannabis and home health care industries became popular in recent years, but traditional insurance plans do not necessarily provide the right kind of coverage. That is where specialized insurance in Ann Arbor comes in to help protect your business against various claims.

King Harvest Medical Cannabis Care

What Can CBD Be Used For?

CBD is an essential oil extracted from Cannabis flowers. It has many healing properties and can be used to ease symptoms of various ailments. According to King Harvest Medical Cannabis Care, its use can be a vital part of a holistic approach to patient care. There are many medical uses of CBD.

Methods of Use

As with most essential oils, there are a variety of ways CBD can be administered. There are four typical methods:

Topical application
Oral intake
Inhalation
Suppository

The method that is most effective depends on the individual patient and what ails him or her.

Conditions Treated

Many different conditions can be treated or prevented by the use of CBD oil. It can act as a neuroprotectant, which makes it useful for preventing or slowing the progression of Parkinson’s Disease, Alzheimer’s, dementia and stroke. CBD also has pain-relieving properties. Cancer patients may benefit from its use during any stage of treatment. The antioxidants in CBD may help prevent the growth of cancer or the onset of age-related illnesses. It works as a gentle relaxation or sleep aid, allowing those with stress disorders such as anxiety to achieve calm without the aid of harsh pharmaceuticals.
Research on the many potential uses of CBD is promising. It can ease the suffering of many people.