The Different Types of Homeowner’s Liability Insurance in Arlington VA

If you have a house in Arlington, VA, then you’re already well aware of how tight the state conditions for homeowner’s insurance are in this state. Naturally, even though it were not the law, any bright homeowner would be certain to take adequate homeowner’s liability insurance in Arlington, VA. It’s just the only means to ensure your property and you’re protected in case of injury or calamity.

Kinds of Virginia Homeowner’s Liability Insurance

The very first section pertains to the coverage you carry on your own property, both your own home as well as your other properties. The 2nd section connects to your own own personal liability coverage, which safeguards you in case a individual or their property ought to be damaged through fault of yourself, your loved ones, your pets or your property. Both kinds of insurance, personal property and indebtedness, are of extreme value to Virginia homeowners.

But in case your personal property coverage simply provides for payment of the specific cash value, then you’ll just receive payment for the depreciated cash value of the property, that might be insufficient to truly replace it.

All property depreciates over a period of time and it is necessary to think about this differentiation when choosing your coverage. Real cash value coverage is usually less expensive and is an excellent choice for anyone with readily replaced property, or individuals who feel assured in their own power to make up the difference in price when replacing their property. For people who would like to ensure they will have the ability to replace their property immediately, without lots of out-of-pocket expense, then choosing for the higher premium replacement cost coverage is the wiser investment.

The Difference Between All Risk and Named Perils

Also you might want to consider the difference between all risk coverage and named perils coverage. Insuring yourself with an all hazards coverage ensures your house as well as other property are insured in any event. In the other hand, named hazards policies provide the Virginia homeowner with coverage from damage by just those occasions expressly identified in the policy.

Named perils homeowners liability insurance policies generally insure windstorms, hail, fire and theft and therefore are generally more affordable than all hazard coverages. If you would like to be sure you and your house are shielded whatever may come, subsequently getting an all risk coverage is the clever move.

Personal Liability Coverage

There’s less variety in personal liability coverage for Arlington, VA, homeowners than there’s with personal property insurance. Most Virginia homeowners liability insurance policies differ just in the quantity of coverage as well as in the deductible. It is best to decide on an increased limit (at least equivalent to the level of liability coverage you carry in your car insurance policy).


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Why Small Businesses Should Invest in Errors and Omissions Insurance

Starting a business of their own is a dream for many Americans. It provides them with a sense of freedom and fulfillment and the small businesses they start help their communities flourish.

However, with any new business, chances are that finances are tight. It takes a little stretching of the budget to make ends meet, at least for the first year or so. This means that many businesses might forgo getting errors and omissions insurance to protect themselves, their employees, and most importantly, their business from falling prey to lawsuits over small mistakes that can easily happen.

As with any business decision, it is important to weigh the risks and rewards that might come as a result of that decision. In the case of errors and omissions insurance, the only real downfall is the fact that it is one more bill to pay, one more blow to the profit margins. However, the advantages of getting this type of insurance are numerous.

For instance, if there is ever a mistake made with wording on a website or in an advertisement that is seen as misleading to a customer, then errors and omissions insurance is a way to protect the business from any subsequent lawsuits that come about as a result of this error. In addition to this, most times, policies can also be catered to a specific company’s or industry’s needs in order to provide the widest coverage for that company.

Likewise, this type of insurance policy can also potentially cover any contractors that are not affiliated with the company as well as any other temporary staff that a company hires. This allows a business owner to insure that any errors or omissions made by anyone working for the company are protected and unable to completely derail the company financially.

While the cost might seem like something that a small business owner cannot possibly spare, especially for something that it may or may not need to actually use, it is just as necessary as any other type of insurance that a business owner would need.

It is especially important for small businesses to look into errors and omissions insurance because it would be harder for them to bounce back from a financially debilitating lawsuit then for a much larger company, meaning that cities could start to lose the small businesses and entrepreneurs that are a breath of fresh air in the chain-centric U.S. market.


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Tips for Better Insurance Agency Marketing

Successful insurance agents are establishing the Internet as their primary way of doing business and keeping customers abreast of what is new and exciting in the industry. One way to increase traffic to a site is to promote the website through all avenues of marketing, including business cards, brochures, emails and social media.

Great customer service is one of the most effective tactics of successful insurance marketing. When agents provide customers with outstanding service, they then show their appreciation by referring others to that company’s products and services. Use coverage and exposure checklists as a way to increase sales. Doing the job of a professional insurance agent will also create a great reputation for future interested parties.


Being highly visible online is paramount to success

The only thing worse than not having a website is spending money on an online presence, just to find that nobody knows where the website is. Anyone planning to put time and money into developing a website should invest some of their budget on search engine optimization (SEO). In short, a SEO plan is designed to help the website rank higher in the search engines. This means, when somebody searches for a keyword related to a particular business, it shows up high on the first page.

It’s a plain fact that a beautifully designed website with all of its pertinent information doesn’t do anyone any good unless people visit it. When it comes time to build out the agency’s website it is essential to focus on conversions. What can be done to ensure that the site generates as much interest as possible? The more people who make contact with agents and representatives via the website the more sales the company has an opportunity to make. Additionally, these are leads that cost nothing, including any additional time generating.


Tips for conversions

Make use of images and video to support the company’s message. Create simplified and targeted landing pages for paid traffic. Offer value added content or savings offers to encourage action. Relying on these tips can help, but also focus some time, effort, and money on social media and SEO rankings. Doing these things increases the chances of establishing a solid online presence by way of insurance agency marketing.


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Risks and Dentist Professional Liability Insurance

Dentists, like other healthcare professionals, must be cautious about venturing into situations that can lead to malpractice lawsuits. Whenever a patient accuses a dentist of malpractice they are alleging that the services or advice they were given violated a professional standard of care. In essence, they are claiming that the work failed to meet reasonable expectations based on any professional training and experience, which is why dentist professional liability insurance is needed; to deal with these types of claims.

Whether or not a trial ends in a settlement, it can still cost a dental practitioner a lot of time and money. According to the Bureau of Justice, the median price tag for a dental malpractice judgment is over $50,000, which doesn’t include the cost of legal defense. Even a dropped and dismissed case can still cost dentists between $2,000 and $5,000 at a minimum.


The types of disputes that can lead to malpractice claims


It’s important for dentists to realize that many claims against them, while often viewed as frivolous, can still be damaging both, financially, and to their reputation. Some people file lawsuits to be spiteful when there actually wasn’t any mistake or violation to the standard of care. That said, it’s important to be aware of the common malpractice claims made against dentists, which includes the following:


  1. Failure to give a patient all the information he or she needs


For example, a patient could claim that their dentist didn’t fully describe all possible treatment options and any associated risks, meaning the patient couldn’t make an informed decision about their dental care.


  1. Failed treatments or procedures


Patients can may claims of tooth damage or injury from mishandled restorations, root canals, and many other procedures. Claims citing their dentist failed to spot decay or other problems during a routine oral exam, leading to greater, more expensive problems can result in costly litigation.


  1. Questionable professional advice


Dentists can be accused of failure to provide proper professional council, or not referring a patient to a specialist when it was necessary.


  1. Products liability


Using faulty products, oral devices, and other materials can also land a dentist in “hot water.”

With so many exposures and concerns it only makes good business sense to carry proper amounts of dentist professional liability insurance to avoid potential financial disaster.


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Costly Mistakes and Errors & Omissions Coverage for Architects and Engineers

Architects and engineers shoulder a tremendous amount of responsibility in the planning, designing, and implementation associated with constructing new buildings. One small miscalculation can throw the entire project into a tailspin, resulting in angry clients who may decide their only course of action is to engage those they hold liable for delays, errors, or non-completion of the project with what may ultimately be a costly lawsuit.
Architects and engineers errors and omissions (E&O) insurance will help to cover the company, or the individual, in the event that a client decides to sue, based on their belief that a service that was contractually promised was not delivered, or that it did not have the expected results. For architects or engineers, this is commonly referred to as a “professional liability” policy.


What exactly does E&O insurance cover?


Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, enormous sums of money may be needed to defend against the lawsuit. This could decidedly bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies, not to mention the often-irreversible damage to a firm’s reputation. In short, this coverage provides protection in the event that an error or omission is deemed to have caused a financial loss for a customer or client.


Who needs E&O insurance?

This coverage is not restricted to architects and engineers alone. The range of individuals that may benefit from coverage includes doctors, lawyers, advertising agencies, commercial printers, Web hosting companies, and even wedding planners. Any business that provides a service to clients for a fee risks the likelihood of having some type of E&O exposure.


How serious is the need for coverage?

Because everyone is capable of making mistakes, even with the best, well-trained employees, and the best risk management practices in place, mistakes are still likely to occur. For example, a freight forwarder sends a shipment to the wrong city and it is a time sensitive shipment and their client ends up losing a sale or a customer, they will be expecting that the company they entrusted with this task will pay the loss.


By not purchasing architects and engineers errors and omissions insurance, a company can be taking a serious financial risk. These types of losses are not covered under a general liability policy, and choosing the right policy may require the help of an experienced insurance agent.

Forming a Captive and Utilizing Captive Consulting

There are many reasons for forming a captive insurance company, but in most instances they are formed by a company or business entity as a way to insure the risks of its parent corporation. There are circumstances when insurance cannot be purchased from commercial insurance companies for a particular business risk. When these situations exist, companies within an industry will decide to form a joint captive insurance company for this exact reason. But it can be tricky, and without knowledge of how to properly form a captive it is suggested to hire someone knowledgeable in captive consulting.

For example, premiums paid to a captive insurance company are deductible as a business expense for tax purposes, according to the Internal Revenue Service. However, sums set aside in a self-insurance program are not deductible as a business expense. This could be a costly error on the part of the business partners not engaging in a captive.

Failure to implement a sound business plan could result in a catastrophic occurrence, or series of occurrences, which could bankrupt the company, which further illustrates why forming a captive may be the feasible alternative.


Reasons for forming a captive insurance company


  1. Mitigating risk reduces exposure

Captives allow the business partners to structure the type and amount of risk they wish to retain. This may include risks that are currently uninsurable or insurable only at prohibitive costs.

  1. Improving cash flow is a vital resource

Maintaining control of premium payments and directing the management of those funds according to the investment strategy accomplishes this. This will maximize the yield on the portfolio commensurate with risk and allows the company to structure the maturities to meet their cash flow requirements.

  1. Stabilizing price fluctuations

Captive insurance may also stabilize risk management costs. By insuring through a captive, premiums are determined by the loss experience of the company, rather than the experience of a peer group, whose loss ratios may be much higher.

Captive consulting is an essential way to correctly form a captive in order to minimize costs, bypassing commercial brokers and retaining underwriting profits and investment income. This allows those within the captive to share costs within a group fund of industry associations or captive subsidiaries without multi-corporate structures, and consolidate coverage and centralize administrative support.

Helping an Auto Keep Its Cool in the Summer

Drivers must realize that beyond purchasing Killingly CT car insurance, there are other things to consider that keep the car and its occupants safe. For example, when the mercury rises near or into the triple digits as it tends to do on hot summer days, radiators work overtime to keep automobiles literally from blowing their top. Those who want to keep their wheels on the road are wise to keep an eye on the temperature gauge on the dashboard and check the fluid levels frequently, including the coolant level—topping things off whenever they are low. One thing that people often do is top off the radiator fluid with plain water. However, by doing this they could be setting themselves up for a problem down the road.

Plain water boils at a temperature of 212 degrees Fahrenheit. By contrast, automotive coolant is designed to raise the fluid’s boiling point to a higher temperature; the cooling system in the auto, which operates under pressure, means that the boiling point is raised even higher. Thus, a vehicle with only water in its radiator will overheat faster than one with a mixture of automotive coolant and water. In the event of overheating it’s necessary to stop driving as soon as possible—pull over carefully and park where it is safe, and let the engine cool off. By continuing to drive, the engine block could actually crack—a fatal blow.

Before getting on the road, look to a professional agency to purchase Killingly CT car insurance. An agent can provide a comprehensive program that is tailored to one’s individual needs. Then take the additional step to go over the car from bumper to bumper, checking all fluids—and in the summertime, that especially means the coolant level. Then go ahead—crank down the windows, open up the sunroof, turn on the tunes and let the good times roll!

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Schools and the Need for Higher Education Insurance

Higher Education Insurance

Higher education insurance can provide a multitude of coverage options designed to help reduce the risks associated with these valuable centers for learning.

Colleges and universities face unique challenges when it comes to risk management. They have to consider faculty, students, staff members and workers among the slew of everyday exposures they face regarding everything from liability issues to property damage, just for starters. Higher education insurance can provide a multitude of coverage options designed to help reduce the risks associated with these valuable centers for learning.


Few other entities have as many considerations when it comes to needing insurance protection. Their concerns are far-reaching, and as broad as everything from employment practices, student safety and vehicle usage on school property issues, to studying abroad with terrorist threat concerns, environmental hazards and also intellectual property issues.Coverage issues consist of property and general liability coverage to employment practices liability and security and privacy coverage, and that’s just the tip of the iceberg.


Being part of a college or university means being part of a dynamic system where the impetus must be to guard and protect the safety and reputations of students and faculty alike, first and foremost. After all, this is where new ideas are born and where we as a community must adapt to evolving technological risks.


Understanding the risks and implementing safety procedures


Institutions of higher learning have to balance these complex exposures with the day-to-day business of educating students. Classrooms represent perhaps the lowest example of where concerns may exist. The focus should be on areas where behavior and attitudes can lead to greater possibilities of injuries or accidents, including:


  • Residential life


  • Fraternities and sororities


  • Students in experiential programs, and


  • Laboratory environments


These represent a small sample of some of the unique risks associated with campuses on a daily basis. Visitors, or outsiders who often target these facilities, can burgle residents knowing that students spend a great deal of time in class and study halls. Fraternities are where the students cut loose and this can be a breeding ground for all types of serious accidents. Labs often contain chemicals and other solvents that can be a hazard for fire, or personal injury concerns. Security measures can go a long way to preventing many unfortunate incidents from occurring.


Institutions also have exposures related to endowments, research grants, behavioral assessment teams and continuity of operations, as a prime example of the variety of challenges that must be considered. Higher Education insurance represents a solution to the issues surrounding these learning facilities and agents are ready and willing to answer any questions or concerns pertaining to coverage options.


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Dentists Med Mal and Implied Standards of Care

Professionals in the medical field are held to certain standards of care, and practitioners of dentistry are held to this same standard. Patients may visit a dentist for something as simple as a cleaning and a check up, or they may need extensive dental surgery, or the amount and type of care may lie somewhere in between. Regardless, they expect that their dentist is a trained and experienced individual who understands the intricacies of the types of procedures they perform and trust that they will provide a safe and productive session. But unforeseen problems can arise, and accidents can occur as well.


What constitutes malpractice?


Malpractice occurs when the dentist’s conduct does not meet the standard care required, thereby leading to personal injuries or, in extreme cases, death. Dentist med mal insurance will protect the dentist in the event that a lawsuit is filed and when a judgment is declared against the dentist or someone working in his or her office.


Contrary to popular belief about malpractice cases, it is not always a botched procedure that leads to litigation. Dental malpractice may also result from the dentist failing to do due diligence, or a lack of attention to other related health problems. Dental negligence and/or malpractice can include any of the following:


  • Insufficient diagnosis or non-treatment of a disease


  • Insufficient treatment of a disease


  • Jaw fracture or other injuries resulting from extractions


  • Infections resulting from treatment or unsanitary tools


  • Improper usage of dental equipment, such as implants, drills and dental lasers


  • Permanent or temporary lingual nerve injury, including tongue and inferior alveolar nerve damage


  • Numbness that becomes permanent


  • Neglecting to inform or update patient on treatment procedure and related risks


  • Marred root canals, implants or dental bridges, and infection resulting from those procedures


  • Osteoradionecrosis following dental extractions in an irradiated jaw


  • Faulty restorations leading to tooth loss, and


  • Improper use of anesthesia causing complications or death


The list of potential concerns for a dental practitioner is extremely long. This merely illustrates the scope of problems that exist for anyone working in the field of dentistry. Any treatment exceeding the scope of consent, or treatment by unlicensed dentists is also grounds for a lawsuit. Negligence on the part of dental professionals, including nurses and assisting attendants can create temporary or sometimes permanent injuries.


With so much inherent risk involved in the daily procedures of dental professionals, comprehensive dentist med mal coverage is certainly something that no dentist should be without.


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Remember Jamzilla? Avoid the Century Crunch!

A lot of the staff at Joomla3 Template work around the globe, but there’s one constant: We’re all tied to California in some way.

I personally remember landing in Los Angeles just in time for something the locals called ‘Jamzilla’. It was horrible. I mean even the ‘regular’ traffic was already horrible. It’s then that I realized why Californians call freeways by “the”. If I was on a road for 1/4 of my day, I’d start revering the stuffing out of my roads too. They deserve to be called “the”.

But I digress.

My colleague is headed out to LA tonight just in time for a horrible construction-related traffic jam called the “Century Crunch” and worst of all: It’s right next to the LAX Airport. Why would anyone be so cruel?

Apparently its for some light rail. Public transportation is sorely needed so it’s a good step for a city that barely considers anything outside of getting into the car as transportation.

Make sure your taxi’s avoid the 405 freeway. Don’t let the meter blow all your night-out money.