Auto Insurance Companies in CT and Accident Repairs

While auto-body work can be costly, with the help of coverage through auto insurance companies in CT you will have access to several quality auto repair shops and can therefore make some informed decisions on how to proceed when seeking repairs to your vehicle after being involved in a collision.

Deciding on the amount of your deductible

Remember that the deductible determines how much out of pocket expense you’ll pay before your insurance kicks in and that having a lower deductible translates into higher rates. Considering the high cost of auto-body repairs you should be prepared to pay the full deductible amount when found at fault for an accident.

Your agent will help you navigate your way through the system

First, an insurer will suggest a list of approved repair shops, but these dealers receive pre-negotiated rates from the insurance company making those rates slightly lower than what those shops generally receive for this type of job. It is advised that you get more than one estimate, take good notes about what kind of repairs they say you’ll need, and how much those repairs are likely to cost. Then, call a few other shops and compare rates.

Many insurance companies want repair shops to use less expensive salvage or generic replacement parts, so know what to expect since generally, these aren’t original-equipment manufacturer (OEM) parts, which match the vehicle exactly and are more expensive.

Get some history on how satisfied former customers were with the work done. For example, check the Internet for information about the shop’s reputation and complaint history. Also, check to see how many consumers have complained about a shop by visiting the “Better Business Bureau” site, or check with the state’s attorney general’s office or consumer affairs department.

You’ll want to clarify how your policy deals with rental car expenses since auto-body repairs can often take longer than expected. Finally, signing off on the work order should be a requirement, so it’s best to clarify with the shop that no work should be started until it has been authorized first. Working with auto insurance companies in CT can make the whole post-accident experience go fairly smooth. Speak to an agent today about your car insurance needs.

BOP Policies and the ISO BOP Rating Systems

Since the classification of risk is constantly widening, many more businesses, small and mid-sized, qualify for a business owners policy (BOP). More companies are going toward the BOP mode of writing insurance because of the many benefits; it’s packaged, it’s competitive and it offers some really great coverages.

In addition, insurers that write BOPs are allowing the agency to write businesses with increased sales. Another primary factor is the use of sophisticated, but easy-to-use ISO BOP Rating modules that encompass the best rating software covering the full scope of rating small commercial policies. In fact, the creation of the BOP concept has really created a new level of efficiency in writing, issuing and pricing a product.

The BOP is tailor-made for Internet insurance sales

The BOP has also been proven to be a product especially responsive to the Internet process of insurance sales. BOPs can now be quickly and efficiently rated with company software, or over the Internet, and the application process is much easier. As online insurance sales have evolved, it’s not all that difficult to find a number of insurance providers offering comparative rating systems. Customer Service Representatives (CSRs) in an agency typically have control of this type of business and therefore can determine what market they’re going to place it with.

There are a number of insurance companies that do overlap on policies, with agents that don’t necessarily want to spend their time, or don’t have the necessary enhanced resources to investigate each and every company’s offerings. Comparative raters for BOPs have existed for some years, so they use a system to investigate exactly what a particular company will write for.

Because the BOP lacks many of the complexities of some of the larger commercial packages, and lends itself well to the efficiency of the Internet, it has become a very marketable product. Carriers have also taken note in terms of their marketing approach. There are a number of tech providers out there with ISO BOP Rating systems, allowing for comparative raters on the market, which further explains the increased shift toward the use of such systems for BOP products.

Protecting Your Assets with Contingent Cargo Insurance

The three main objectives of having contingent cargo insurance is to protect your business assets, along with your company’s reputation, and relationships you’ve worked hard to build with your customers. Regardless of whether your products travel by truck, rail, air or sea, cargo insurance protects you from a variety of potential losses that could be quite costly without the proper coverage in place.

Contingent Cargo insurance provides financial relief

Transportation brokers, freight forwarders, importers and exporters, and logistics providers all rely on insurance to come to their aid when something goes wrong and a shipment is damaged, or arrives too late to satisfy their customers needs. Cargo protection can be tailored for your particular services, so it will not only protect your customers better, but as a result, it will also enable you to further grow your business significantly.

For example, imagine you arrange a big shipment of goods for an important customer.
Now imagine that the train carrying those goods derails. One of your primary concerns would be if the shipment is properly covered, and will this result in a loss of time, not to mention creating a lot of stress and perhaps substantial legal fees. Most businesses would have a hard time bouncing back from these types of losses without the benefit of having solid contingent cargo coverage.

The best agencies that offer contingent cargo insurance coverage have been analyzing the insurance available to the logistics industry, identified and noted any shortcomings with respect to existing policies, and have been able to provide the best programs available. Partner with an insurer that designs their cargo insurance program to provide reliable, comprehensive coverage that you can trust.

Whether you arrange for the transportation of goods across the nation or around the globe, there’s always a possibility that the product won’t make it to its destination (or may be damaged in transit). Thefts, accidents and other mishaps can wreak havoc to your bottom line. The only real way to protect your profit from these losses is a customized cargo insurance program. If you own, manage or operate any type of freight business you should consider speaking to a commercial cargo insurance expert.

Prescribe Safety to Keep Nursing Home Workers on the Job

It is rather ironic that the employees who make their living providing caregiving services to senior citizens may find themselves on the other side of the hospital bed all too frequently. Such is the situation due to the special circumstances under which these workers must operate, with risks and a culture that are unique to the healthcare industry. For these reasons and more, insurance for nursing homes is central to safeguarding a facility from the dangers they face. On top of a comprehensive mix of coverage, the cultivation of a safety-focused environment cannot happen quickly enough. Here are just a few reasons why:

They believe in the concept of “first, do no harm”

Employees in this line of work often take on feelings of responsibility for the residents they are caring for–they literally start to care for them, and can develop emotional attachments. Whether out of a bond they’ve formed or simply acting out of a sense of ethical obligation, workers may compromise their own health and safety in the process of assisting a resident in need. What’s more, a calm day can erupt into a tense, adrenaline-filled emergency in the blink of an eye, requiring workers to make critical decisions on a split second–decisions that may cause an injury.

As a rule, these employees often spend their days bending, lifting, pulling, pushing, and stretching to assist or reposition their charges who may not be capable of movement on their own. With sharp needles commonplace in the environment, the danger of punctures and resulting infections are always a danger.

Verbal and physical violence can be directed at the worker–both by distraught or angry family members who lash out at the person who is unfortunate enough to be in proximity at the time–or by the residents themselves, who may be angry, confused, or frightened.

Powerful prescription drugs are on site at the facility, which can present a life-threatening or even lethal danger if incorrect dosages or medications are administered to residents. Likewise, workers are at risk (presenting a danger to themselves and those they care for) should they be substance abusers who steal medication, hide, or otherwise misdirect it from the intended recipient so they can take it themselves. With all of this and more to contend with, is it any wonder that injuries in the industry outpace those in construction or manufacturing in terms of lost-time case rates?

Talk to a professional insurance agent about insurance for nursing homes, as well as ways that you can help reduce injuries in the workplace.

Princeton Home Insurance, Safety, and Fire Prevention

A loss due to fire can be an extremely devastating experience for any homeowner, which is why purchasing Princeton home insurance is so crucial. But preventing such occurrences can be as simple as reducing or eliminating certain risks and exposures. Here are some useful tips for ensuring that your house does not fall victim to fire damage that could have been avoided.

The prevention of fire hazards

When cooking, avoid wearing long sleeves as they can quite easily catch on fire. Also, remember to keep handles of pots and pans turned inward, thus lessening the chance of their being accidentally knocked over. Household trash should be kept in a covered can away from any heat source and don’t allow storage or build-up of unusually large amounts of paper products.

Keep your house free of oily rags and keep gasoline and other flammable liquids stored in approved, metal safety cans. Cleaning materials should be kept in a ventilated area since vapors given off by these substances can ignite when they come into contact with a heat source, such as a pilot light. Teach children not to play with matches and always keep matches in a closed metal container out of their reach. Never leave candles burning unattended for any period of time.

Common electrical hazards

Check all lamps, appliance cords and light switches to make sure there is no faulty wiring and never overload electrical circuits. Allow adequate ventilation space around televisions, stereos and other entertainment equipment in order to avoid overheating.

Preparation is key to keeping your family safe

Family members should take part in drills in order to be better prepared in the event of a fire, and you should make it a point to practice drills every six months or so. Make sure all family members know how to dial 911 in case of an emergency. Have at least two exits from every room in the house.

Assign a specific place where family members can meet after they escape from the burning house. Teach children not to hide from fire under beds, in closets or in other places where rescuers cannot easily find them. Instruct them never to go back into the house once they get out.

Proper planning can reduce losses and save the lives of loved ones. Inspecting the home for instances where fire hazards may occur can end up saving a homeowner both, a small fortune, and their lives. Princeton home insurance can help repair any damage that may occur due to fire or any other unforeseen hazard.

Real Estate Liability Insurance and Business Expansion

As real estate professionals well know, real estate liability insurance is key in combating claims of errors or omissions when it comes to helping clients either buy or sell properties.
Speaking to an insurance agent or broker that can help you to understand the risks that you may be facing will better serve you when it comes to dealing with these exposures. This type of information is vital in order to be strategic about the use of your resources in order to ensure your long-term success.

There are many issues in real estate that can lead to claims, everything from not disclosing issues pertaining to the property to failing to provide documents on time. For example, if you failed to advise a buyer about pollution or bacteria related to the property you may very well end up being sued. Ensuring that you purchase this type of coverage beforehand can help protect you and by having this coverage, you’re not subject to sub-limits or exclusions for neglecting to advise on those damages.

Expansion of services can be risky

Like many professionals, most real estate agents, are closely tied to their communities and often build their reputations by serving customers within a specific area. Therefore they need to maintain a standard of excellence that translates into continued success. While being flexible may help real estate agents expand their practices into other areas, it can also lead to new risks.

If you were to undertake in some expansion of your current business, you must also learn to manage the new exposures you may be facing, and realize that, without the right coverage in place you may be putting your professional and personal financial future on the line.

Even agents who have had prior experience offering additional services may face new, unforeseen exposures. Agents adding to their repertoire for the first time are likely to be unfamiliar with current procedures, methods, issues or regulations that can have a dramatic effect on their plans.

What’s more, if you’re busy serving a number of clients, you may be hard pressed for time and may not, for example, take some necessary training classes and that could lead to further professional and personal risks. Don’t become victim to the threat of a lawsuit; buy real estate liability insurance in adequate amounts to protect you from becoming a target of litigation related to any new services being offered.

Co-Employment and Staffing Agency Insurance Issues

The importance of maintaining proper staffing agency insurance for companies enlisting the services of temporary workers is crucial to their success. These businesses have a lot of exposures and are often at risk for claims stemming from everything from property damage to sexual discrimination.

Staffing agencies and the companies that employ them need a solid understanding of both co-employment and how to work with a staffing firm to best handle any issues that may arise from this relationship, which is an important step in managing the many risks that often occur.

Handling co-employment issues

Co-employment is defined as “a relationship between two or more employers in which each has actual or potential legal rights and duties with respect to the same employee.” In a single employer/employee relationship, the employer bears certain responsibilities with respect to his or her employees, including paying wages, overtime pay, and taxes.

In addition, the employer has certain obligations with respect to providing worker’s compensation, benefits and pension plans, as well as ensuring civil rights compliance, appropriate labor/management relations, and a safe work site. In a co-employment situation, these responsibilities are often shared depending on how the relationship between the two entities is set up or created.

Co-employment is inherent in the staffing firm/client relationship, and since both have sufficient contact with an assigned employee, each company will be viewed as an employer. The staffing firm is viewed as the “primary employer” and bears most of the responsibility for the employee, which generally includes the following:

  • Pays the employee
  • Has the ability to hire and fire
  • Pays and withholds payroll taxes
  • Provides workers compensation
  • Provides benefits and pension plans, where applicable
  • Ensures civil rights compliance, and
  • Acts on complaints by the employee on working conditions

The client, on the other hand, takes full responsibility for supervising and directing day-to-day work, controls working conditions at the worksite, determines the required length of the assignment, and also ensures a safe work site, including civil rights compliance by employees.

Both entities must adhere to the safety and well being of the temp employee at all times. Having staffing agency insurance protects both the workers and the staffing company when safety issues, rights violations, or other claims relating to negligent acts arise.

EPLI Claims and New York Business Insurance

Nearly all businesses in New York are exposed to a large amount of risks, and no matter what size and type of business you’re running, there’s always the possibility that one of those risks could threaten to take down your business. Your employees expect a lot out of you and of their job, and if they ever feel mistreated, a lawsuit is never too far away. Employment allegations are a common form of business-related claims and New York Business Insurance provides a solution that helps to mitigate this particular form of risk.

No employer wants to be notified that they’re being sued over something that was misinterpreted, or was said by someone they hired that didn’t understand the ramifications of their statement or actions, but it happens quite often. Employee practices liability insurance (EPLI) will provide protection for an employer from claims made by employees, former employees, or even potential employees.

New York employee practices liability insurance will provide coverage from:

  • Discrimination (age, sex, race, disability, etc.)
  • Sexual harassment
  • Wrongful termination of employment, and
  • Other employment-related allegations

The truth of the matter is, it only takes one upset or disgruntled employee to turn what may appear to be a harmless situation into a raging lawsuit with subsequent financial repercussions. If an otherwise reasonable person is offended by an occurrence that takes place at work, whether it is pictures of a sexual nature, profanity, dirty jokes or direct sexual comments, chances are that sexual harassment has probably occurred and an EPL claim can, and likely will arise.

For example, while most people in the office might not really care about a co-worker’s vulgar language, if just one individual finds it unacceptable for any reason, this is the root of the problem. And if that person is offended, and believes that it makes working in this environment uncomfortable, then he or she could have a case for sexual harassment. Next thing you know you’re being sued and you will need New York Business Insurance coverage relating to EPLI to pay for legal fees and any other subsequent costs.

Having this coverage in place will help to pay for defense costs and damages related to the various employment-related claims listed above, or any other claims deriving from the employer-employee relationship.

Buying Your Policy from a Connecticut Life Insurance Company

You shouldn’t lose sleep over trying to determine your family’s life insurance needs, although sifting through all the different types of products available, coupled with calculating the figures to find the right amount of insurance, can make the task seem a bit daunting. The first step is to contact a Connecticut life insurance company agent to guide you through the process, which is an essential part of maintaining your family’s financial well being.

Researching the many available options will certainly help, since the more you know about it before speaking to an agent, the better off your coverage will be. By not planning for your life insurance needs you might possibly be wasting thousands of dollars on inappropriate or ineffective coverage, or worse, experiencing financial hardship due to not having the proper amount of insurance in place.

Give the agent some specific information about your situation

By sharing information about your current situation and your objectives, your agent can make the process of buying life insurance easier by providing you with unbiased information and a plan of action. He or she can present you with some basic guidelines about when you should purchase life insurance and also provide you with a system for determining how much you need. This process involves a discussion about the types of insurance available, the suitability for various situations, after which you can then comparison shop for a policy that will benefit you the most.

One of the primary purposes of life insurance is to provide a source of income, in case of your death, for your children, dependents, or other beneficiaries. A policy from a Connecticut life insurance company can also serve other estate planning purposes, such as giving money to charity upon your death, pay for estate taxes, or provide for a buy-out of a business interest.

Determining how much insurance to purchase requires you to invest some time in calculating such things as your current annual household expenses as well as your assets, debts, and other sources of income. It’s vital that you find out how much insurance you need before considering which type of insurance to buy, since you can always switch to a more cost-effective or investment-oriented type of policy later.

Ideally the amount of coverage you’ll want is an amount that would allow your dependents to invest the insurance proceeds after your death, thus maintaining their desired standard of living without having to touch the principal. Speak to an agent in your area who specializes in this important coverage.

Automated Systems Takes Insurance Processes to the Next Level

Whether one is a program administrator, managing general agent (MGA), or an insurance carrier, if you are striving to be among the best in the industry, you are no doubt relying on an automated insurance rating system to function at the core of your operation. What do these marvels of modern technology accomplish? Just about everything in the lifecycle of a policy, for one thing, from the application submission to the creation of a declarations page and generating a statement; renewals, endorsements, or policy rewrites; claims filing and management, data reporting, and more–these systems are typically modeled after the workflow of an actual insurance company (and programmed by professionals who have many years of experience in the Property/Casualty insurance industry), yet taken light-years beyond in terms of automation and integration with other systems.

Systems are flexible, far beyond default settings

Many of these products offer a variety of cutting-edge business solutions, with myriad capabilities such as:

  • Flexibility to migrate to and grow with increasingly larger hardware platforms to match company growth
  • Seamless connectivity with operating system software, complete with drop-down selections for simplicity and auto-filled fields to streamline inputs and reduce errors
  • Customization opportunities to tailor to fit the specific needs of a program administrator, managing general agent, or insurance carrier
  • Affordable, flexible pricing to fit most any budget, reflecting modules selected, lines of business used, and the size of the organization

The road to quality has many entrances

Whether one is a program administrator, managing general agent, or an insurance company, it is vital for your organization’s survival to ensure your processes reflect both efficiency in the short term, as well as effectiveness in the long run–which means that it is vital to make sure that, at the hub of your operation, is a robust automated insurance rating system. Contact a quality provider of these products today to learn more. The best in the industry are ready to take your operation to the next level, with policy management systems for both property and casualty lines of business as well as commercial lines of business. Contact a quality provider today.