Crime Coverage and Yacht Builders Insurance Wholesalers

Insurance brokers understand that economic pressures can affect many different industries, and among them are their clients in the boat and yacht building industries. Trusted employees having a difficult time keeping up with bills and other personal expenses may become prone to committing dishonest acts including stealing from their employers. Employees caught in the act will often explain away their actions for what they feel are many sufficient reasons, including not having the resources or income to support their lifestyles.

Crime coverage, available through yacht builders insurance wholesalers, can often cost as little as $300 for up to $100,000 in coverage, this of course depending on the size and type of business activity, along with other underwriting considerations. While employee theft often involves having access to cash, they may also resort to stealing various items they have access to.

In the yachting industry there are many other items of value that may be stolen, including office machines, vault securities, warehouse merchandise, tools and other items in the inventory of the business they work for. Losses involving equipment, supplies, or merchandise can add up to thousands of dollars or more. Most businesses would have a difficult time dealing with such losses over time.

Desperate times, desperate measures

To an employee experiencing heavy financial burdens and responsibilities any product can seem valuable enough to steal, especially when a sufficient quantity can be taken over an extended period and often going unnoticed for months at a time. Surprisingly, an ongoing theft could span three years or more without being detected by owners or supervisors.

Crime coverage can help your client to better secure their business by providing protection for and against:

  • Employee Theft
  • Depositors forgery or altercation
  • Theft of securities and other property
  • Computer fraud
  • Funds transfer fraud
  • Money orders
  • Counterfeit currency
  • ERISA plans
  • Credit, debit, or charge card forgery, and
  • Robbery and safe burglary coverage

Don’t allow your clients to leave themselves open to losses of this kind that could seriously reduce their profit potential. Having crime coverage through yacht builders insurance wholesalers is worth the cost of the policy when you consider all that is at stake.

Finding the Best Insurance for Auto Repair Shops

If your client owns an auto repair shop, it is so important that they have proper insurance coverage. Insurance for auto repair shops does not have to be complicated, but it does have to be complete. An insurance agent can help an owner know what to put into their policy and how it will benefit them and their business overall. The following are some things to include in an insurance policy for an auto repair shop owner:

 

  • Employee Protection – This comes in the form of workers compensation, as well as health and medical benefits. If they have employees that work in theauto shop, it is important to treat them well with proper insurance coverage.
  • Completion – Another important part of insurance for auto repair shops is that the policy is complete. Any policy should include a variety of components that are uniquely tailored to fit the needs of the auto shop. An insurance agent who provides options in order to put together a complete policy is someone with experience.
  • Affordability – An insurance policy is meant to help the owner afford accidents that may happen in the work place, not become slave to them. An insurance policy should be affordable to your clients, and you should work with them to ensure that the policy that has been put together will be something they can handle each month.

 

Auto shop owners have the responsibility of purchasing an insurance package for their businesses. With help from experienced professionals like you, they should be able to get the best available insurance for auto repair shops.

 

photo credit: efilpera cc