Category ArchiveMarine Insurance Marketing

marine repairer insurance program

Unique Risks in Boat Repair You May Not Think About

If you have a boat repair service, you likely understand the many aspects and complexities involved in your business. For those reasons alone, it’s easy to see why a general liability policy is likely to struggle to cover all the possible risks that you may face. However, if you are still unconvinced to seek out a marine repairer insurance program with a knowledge and understanding of your situation to fully protect your business, then here are some current liabilities in boat repair that many general liability policies don’t cover.

Bad Weather

Even in rather intense storms, many businesses don’t see much damage done to theirs or someone else’s property. However, boat repairers are on the water, likely with equipment and many boats at the docks in their care. Winds and rain can cause severe changes in the tides and waves, leading to damage. A marine repairer insurance program can have coverage for these situations, while general liability likely cannot.

Fire

While boats may be surrounded by water, fire is the most common case of loss when it comes to the boating industry. Engines, machinery, electronics and more can all cause fire on the dock and within the cabin, leading to much damage in a short amount of time.

Distant Repair

Some services for boats have the option to travel out for repairs. Many property damage policies only cover anything at the address of the office, but marine repairer insurance program can extend the coverage for these distant repairs, as well as the vehicles for travel.

Independent insurance agents of CT

When It Is Time To Change Insurance Agents

At some point, you may become unhappy with your current insurance agent or company. But how do you know when you should make the switch? Independent insurance agents of CT may offer the perfect combination of both insurance coverage and customer service.

Moving

Sometimes moving can cause your current insurance agent to become irrelevant. They may not have the licenses to work in your new state. Or you bought a home and they only offer renters insurance but not homeowners insurance.

Customer Service

Terrible customer service is a primary motivator for people to move on from their current agent. Reading testimonials and asking around for referrals can help you find a new agent with better customer service that you can rely on.

Personality

There are times when personalities clash and continuing the relationship is no longer beneficial to either of you. When searching for a new agent, meet them before signing anything. Go with your gut, so you can avoid future personality conflicts.

Unavailability

If you have to file a claim, you need your insurance agent to be on top of their game. An unavailable agent is no use to you.

Changing insurance providers doesn’t have to be a hassle. Finding independent insurance agents of CT starts with referrals from loved ones or testimonials online. Make sure the new agent offers the insurance coverage you need.

marine repairer insurance program

Common Types of Marine Vessel Repairs

Marine vessel repairing is a skilled art that requires a variety of specialized labor. The vessel not only needs to look good, but it needs to functional well after the repairs are complete. Investing in a marine repairer insurance program can protect the financial assets of your business as your repair or maintain marine vessels. Common repairs often require specialized skills in these key areas.

Electrical

With modern technology constantly changing, even boats are not immune to having outdated technology on board. Upgrading and repairing the electrical system or devices on a vessel takes a skilled marine electrician to handle correctly.

Carpentry

Most ships and boats have some sort of wood comprising either the entire vessel or interior trim. Working with wood requires a steady hand and experience with carpentry.

Paint

Knicks, cracks and repainting require the skills of an experienced painter. Specializing in marine vessels means a painter can work on fiberglass, wood and metal.

Mechanical

The vessel’s engine works similarly to an automotive engine but is different. A skilled hand with the mechanics of a boat engine and working knowledge of common repairs needed is essential to an efficient, correct repair.

Your team of skilled professionals or your independent contractor benefits from a marine repairer insurance program. Insurance protects the business owner in the event a lawsuit is filed resulting in financial loss for the client.

truck cargo insurance providers

Extending Your Liability Coverage to Freight

If you are a commercial load hauler, you are already familiar with the insurance requirements established by the FMCSA. General liability limits include coverage for property damage, bodily injury and environmental restoration. For more comprehensive attention to your actual load liability, truck cargo insurance providers will tell you about the need for cargo coverage.

With cargo insurance, your freight or load in transit is covered in case of incidents involving fire, collision, theft or striking a load during loading or unloading activities. Some of the policies will also be written to address costs incurred for cleanup up of loads that have spilled. This means paying for costs to firefighting or hazard teams sent to contain a situation.

When you get ready to talk to truck cargo insurance providers, you will need to have an idea of how much coverage you want. This should take into account the types of loads you often haul, as you get to determine the limits and deductibles you want to set.

Cargo insurance isn’t available for all loads. Some of the categories often excluded include:

  • Live animals
  • Jewelry
  • Art
  • Explosive or radioactive materials
  • Contraband
  • Pharmaceuticals

Check with your broker about items that qualify for coverage. Ensure that your freight is protected during all incidents. It is better to err on the side of caution with both driving and administrative actions.

Orlando workers compensation insurance

Workers Compensation: What It Covers and What Are The Requirements?

Are you looking for Orlando workers compensation insurance? Before you sign up for a new policy, here is what you should know about what it entails and the coverage requirements that are applicable to the state of Florida.

What Does It Cover?

Workers compensation protects you and your employees in case one of them becomes ill or suffers an injury because of work-related activity. Not only will your policy cover the medical costs associated with the incident, but it will also cover rehab expenses and pay for lost wages while he or she is out of the office. In case of death, your policy can make payments for which you’re liable to the employee’s beneficiaries.

What Are The Governing Laws?

The laws for workers compensation vary by state. Some states require that you carry workers compensation as soon as you have one employee while others have more lenient requirements. For Florida, the requirements vary depending on your industry.

Construction: coverage is required starting with your first employee, including the owners.
Non-construction: coverage is required starting with the fourth employee, not including sole proprietors or partners in a partnership.
Agricultural: coverage is required when you reach six regular employees or 12 seasonal employees who work at least 30 days in a season and up to 45 days in a year.

There are other guidelines that pertain to how contractors and out-of-state employers are handled. Work with an agent experienced with Orlando workers compensation insurance to craft a policy that meets your needs and the local requirements.