A Short Guide To Limo Business Insurance

Running your own limo business can be a great way to make a living or add on to your existing income. However, as it is with most businesses, running a limo business comes with a certain amount of risk. If something unexpectedly goes wrong and you get into a car crash or face a liability issue, you could lose a lot of money. Luckily, you can purchase limo business insurance to help mitigate this risk.

What Is Limo Business Insurance?

Limo business insurance is a type of insurance coverage that is designed to protect limo business owners from a variety of common risks they are likely to face at some point. It can pay for things like repair or replacement costs, medical bills, and court-related costs.

What Types Of Coverage Can Limo Business Insurance Provide?

Limo business insurance has a variety of different types of coverage available so you can adequately address all of your insurance needs. Some of the types of coverage that are available are:

  • General liability insurance
  • Professional liability insurance
  • Collision coverage
  • Uninsured or underinsured driver protection

Running a limo business is not always particularly easy and there is a lot of potential risk to worry about. Limo business insurance can help everything run far more smoothly.

What You Should Know About Fleet Management Risks

Responsible drivers know that they need auto insurance to cover the risks of owning and driving a car. Collisions, physical damage, theft, vandalism, rental reimbursement and medical bills are just some of the various features that come with auto liability insurance. Similarly, as a fleet manager, you have to consider the risks of being responsible for the vehicles used for a business or office. While your inventory might include passenger cars and trucks, it may also include construction vehicles, specialty equipment or big rigs as well.

What Are Some of the Risks Associated With Fleets?

Experts in fleet risk management would consider the following to be some of the typical concerns:

  • Procurement and decommissioning of vehicles
  • Managing vehicle assignment and operators
  • Fuel purchasing
  • Fleet Maintenance and repair
  • Process management and oversight
  • Safety and quality control

It is your responsibility to make sure you have insurance coverages that speak to the specific risks associated with these concerns and other areas.

What Else Should Be Considered?

As a supervisor, it’s not just your job to deal with current issues. You also need to anticipate future problems as well. An insurance policy that is specific to fleet management is good not just for your company, but everyone connected, including clients, employees and business partners.

Could Your Organization Benefit From a PCC?

When it comes to commercial insurance, your company has a lot of options. If you don’t want to go through the typical problems associated with traditional insurance markets, you may want to consider a protected cell captive. PCCs are identifiable cells owned by the same or different cell users where the assets in each cell are segregated from each other.

What Types of Companies Use PCCs?

Companies that may benefit from protected cell captives are small companies that may not form a single captive. In addition, if your business wants to access specialist reinsurance markets or wants to establish a strategic alliance or joint venture, you may be interested in a protected cell captive.

What Are the Benefits of PCCs?

When it comes to PPCs, there are no restrictions regarding the type of business undertaken by a cell. In addition, companies benefit from:

  • Quick set up
  • Insurance control
  • Fast exit
  • Low set-up costs and administrative costs
  • Program design flexibility

When protected under a PCC, you are more likely to have low monthly premiums and low yearly maximums. In addition, you are more likely to find niche insurance products.

If you want more control over your company’s insurance policies, you may want to think about protected cell captives. A PCC may provide you with lower costs and more flexibility.

Which Commercial Insurance Is Best for Your Small Business?

A small business owner has so many risks to consider. The insurance policy you choose must cover your property, employees, clients and the business itself from disasters and unwanted claims. Because there are so many potential risks, it makes sense to purchase a comprehensive package to protect your investment.

How To Select the Best Commercial Insurance Package

No two businesses are alike, so you must evaluate the risks inherent in your business. It’s critical to discuss the options in detail with your insurance agent to ensure you develop the best plan. A commercial package insurance policy that considers several kinds of liability will be more cost-effective than buying a separate policy for each type of coverage. CPP insurance can include the following coverages, depending on your needs:

         General liability – Coverage will help cover legal fees and settlements from third-party claims.

         Commercial building, including contents – This policy will help you rebuild after your building is damaged.

         Breakdown of equipment

         Interruption of business operations

         Additional property located off-site

Employee injuries and employment-related claims aren’t covered under a commercial package policy, so talk with your agent about what other coverage should be considered.

Having a comprehensive insurance package can protect your investment in the event of unexpected claims. Without proper protection, it could be difficult to recover from devastating circumstances.

Paying the Price for Someone Else’s Mistake

As a business owner, you are responsible for everything that goes on in your business, even if it means an employee or a contractor you hired created a disaster. Contingent liabilities are the incidents that occur outside your scope of direct control but yet you and the business are financially responsible for. No matter what kind of safety policies you put in place or how thoroughly you stress care and quality in daily operation, you can still find yourself being sued for someone’s mistake.

Same Coverage, Different Name

Contingent liability insurance is a way to protect your company from the financial fallout of dealing with employee, contractor, or agent error. It might also be referred to as vicarious liability or indirect liability. Regardless of what name it goes by, the premise of liability means you are legally responsible for another person’s poor work or wrongdoing according to the workings of legal relationships. Employees are generally the biggest risk with vicarious liability, and whether or not they were abiding by company policies, their actions are pinned on the company.

Should a customer decide to sue your company, you could be looking at thousands and upwards of million dollars in legal fees, lost productivity, settlement costs, and reputation management efforts. An insurance plan addressing vicarious liability helps offset these costs, keeping your business from going under.

What Is a Segregated Cell Captive?

Segregated cell captives can be used by businesses that wish to separate and protect their assets individually to prevent unnecessary risks. Unlike traditional insurance options, this allows businesses to own their insurance, thus providing added security and control over their assets.

Advantages of Segregated Cell Captives

The main advantage of a segregated cell captive program is that it separates the risks of one cell from another. If one cell, assets owned by a single individual, comes under fire, another cell owned by a different individual cannot be used to pay off the first cell’s liabilities. Therefore, each individual’s assets are protected within their own bubble.

Reasons to Set up a Cell Captive

Segregated cell captives are not costly to create or to maintain once they are up and running. They offer flexibility and are easier to leave than traditional insurance options. The owner can take charge of cells to monitor risk more closely as well.

Many businesses can benefit from setting up a segregated cell captive. Whether a company is small or simply doesn’t want to join with larger cell captives, these individually-owned cells can provide that necessary flexibility while still maintaining a strong security factor. Consider looking into a segregated cell captive program to protect your business’s assets.

Three Ways Nonprofits Can Address Politics in the Workplace

Election season has already started with the primaries wrapping up and November only a few months away. Many nonprofit organizations help run a variety of charities but are not immune to the stressors of politics. Here are some things to keep in mind regarding politics and non profit organizations.


The experts at VIS states political discussions can become controversial. As an employer, you can prohibit these conversations from taking place during work hours. Keep in mind that not all political speech can be restricted. For example, employees can discuss working conditions or labor politics.


Employees should not use office equipment to help support a political candidate or campaign. This includes using copiers to make flyers, brochures and other campaign advertisements. The employees should not access or use the nonprofit’s member list or their organizational contact information for any political campaign purpose.


Political restrictions included with a dress code policy may be more readily received than separated in the policy manual. For example, banning all hats within the workplace includes politically endorsed hats as well.

Combining politics and non profit organizations can create a negative workplace environment. If the nonprofit has any questions regarding the introduction of new policies and procedures, an experienced nonprofit attorney can help review the changes for increased liability.

Why Staying Informed on Insurance Matters

Business insurance plays a big part in whether or not your company sees the success you desire. While selecting the right insurance is a big step, there is also a lot of upkeep required to ensure you are doing what’s right by your company. Staying informed is a key way of understanding the changes happening in your industry. Directories like Program Business can help immensely in this regard. If you’re wondering what is Program Business, look over this information to learn more.

Endless Information

As showcased on https://www.programbusiness.com/, there are a number of useful features available to insurance providers and business owners. First, Program Business features a comprehensive list of insurance agents and agencies. This can be a huge asset in and of itself. What’s more, the site also features the latest insurance news. Topics covered on the site include:

  • Acquisitions and mergers
  • Changing laws related to insurance
  • Distribution changes and data

Staying Informed Matters

Having an in-depth understanding of the current landscape of the insurance industry can be a huge help. When you know the latest changes sweeping the insurance world, it can provide you with the insight you require to make the best decisions for your own business moving forward. Take time to explore the information provided on sites like Program Business to learn more about what’s out there.

Insurance for Supermarkets and Grocery Stores

If you’re a supermarket industry veteran or executive, you probably already know a thing or two about a supermarket insurance program. If you’re new to the industry or the executive world, however, here’s a quick primer on this type of program.

Accident and Loss Coverage

The supermarket industry is rife with loss and risk. A supermarket insurance program typically covers the following accidents and losses:

  • Customer injuries
  • Food spoilage
  • Hepatitis
  • Power failure
  • Shoplifting

The types of coverage include, but are not limited to, the following:

  • Business auto (hired and non-owned)
  • Property and liability
  • Umbrella
  • Workers’ Compensation

Druggist and liquor liability may also be available to supermarkets and grocery stores that sell pharmaceuticals and beer and wine.

Risk Management and Accident Prevention Services

Many supermarket insurance program providers not only specialize in coverage for accidents and losses but also offer risk management services and accident prevention measures. According to Smithtown, New York-based insurance industry leader Irving Weber Associates, Inc., these additional services help clients to increase the safety of their retail spaces and reduce insurance claims.

Learn More

If you seek a supermarket insurance program, contact a licensed provider in your area. Most providers will work with you to create a coverage program that fits your operation’s unique needs and risk profile.

Insurance for Lawyers and Law Firms

Many lawyers think of malpractice insurance as a necessity they’d rather not spend a lot of time with when they think about it at all. While no one likes to dwell on the need for it or the circumstances that lead to a claim, it’s a vital part of a profession that deals with people at their most emotional and confrontational. It is important to spend some time thinking through coverage, too, because as www.huntersure.com points out, the costs of malpractice are a lot higher than you first think when you look at the dollar numbers on a policy’s coverage sheet. That’s because there are so many things it covers, things that really go beyond what most people think of when they think of the scope of these policies.

  • Cyber attacks and data breaches
  • Hiring and training issues for firm employees
  • Merger and acquisition disputes

Contending With Escalating Causes

As the cost of coverage continues to rise, it’s vital to remember that the number of claims being filed and the industry’s perceived likelihood of claims both feeds into your quote. If you feel like your policy costs are increasing but you’re not actually at higher risk, though, then it’s time to get a quote and have a conversation. Working with an insurance agent who really understands NSO malpractice insurance is a great way to connect to as many carriers as possible, giving you a chance to get the best rate possible for your next policy renewal.