How To Protect Your Executives

When you offer goods or services to consumers, there is always the possibility of liability. The people in your company who make major decisions are often under the greatest scrutiny. You need an executive protection plan that protects them. Moody Insurance recommends liability coverage specifically designed to handle the legal fees of those who are in charge. Your company may have a choice between a policy with a duty-to-defend option or reimbursement.

Duty To Defend

The D&O coverage of many small companies falls under a duty to defend. The contract obligates the carrier to cover certain expenses:

Attorney fees
Court costs

Once the total cost is known, the carrier can bill the clients for the portion for which they are responsible.


Coverage that is offered on a reimbursement basis can give larger companies or those that are publicly traded a little more freedom. The carrier has the right to address every claim but is not obligated to do so. Therefore, the client may be able to handle smaller or more frivolous matters in house rather than involve the insurance company.

Regardless of which option works best for your company, it is in your best interest to purchase a plan that protects your top executives. Such a plan empowers them to make strong decisions, knowing that the company has their back.

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The Top 3 Reasons You Should Consider Insurance for Pollution Liability

The Top 3 Reasons You Should Consider Insurance for Pollution Liability

As a contractor or environmental consultant today, you likely encounter situations regarding the need for liability insurance on a regular basis. Thankfully, Contractor’s Pollution Liability insurance, or CPL for short, exists to cover you and your business.

1. It Is Flexible

CPL plans are designed to protect you and your work product, regardless of the type of work you perform. In the wide range of options, you could choose from liability insurance that covers claims for personal injury, clean-up costs (including pollution removal and transportation), property damage and emergency responses.

2. It Is Personalized

Insurance companies recognize that your work can happen on a large or small scale, so pollution liability insurance plans can be designed to fit your needs. This means that if you would prefer CPL for just individual projects or for larger yearly coverage, you can find the best plan for your work.

3. It Is Cheaper Than You Think

With so much versatility among plans, high-quality liability coverage can be found at a reasonable price. Additionally, consider the long-term financial and mental value offered by comprehensive plans. An experienced broker can help you find the best deal on insurance. Taking the time to understand your unique needs concerning pollution liability insurance sets a solid foundation for the future of your business.

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Advantages of Bundling Insurance Policies


While insurers often sell business insurance policies separately, most will make available to small or medium-sized companies business insurance packages that combine protection from all major property and liability risks in one package called a business owner policy, or BOP. Larger companies will often purchase a commercial package policy or they may need to customize their policies to meet the special risks that they may face.


Different coverages needed by most companies


The standard BOP covers the three essential areas of concern, which includes liability protection. This covers a company’s legal responsibility for any harm that it may cause to others. For example, If an owner, or anyone that he or she employs, does (or fails to do) something that may cause bodily injury or property damage to others, due to defective products, faulty installations and any errors in services provided, can be grounds for a claim.


Property insurance covers the buildings, along with the contents (equipment, furniture and the like) owned by the company. There are two different forms available – standard, and special, which will provide more comprehensive coverage for companies with specific needs beyond the standard coverage.


Business interruption insurance is vital for any company that suddenly, and unexpectedly must close due to anything from a power outage to weather conditions that causes damage or destroys their property. In fact, it provides for anything that forces the business to cease to properly function as outlined in the policy. This also covers loss of income and can include any extra expense of operating out of a temporary location while repairs are being made.


It’s important to note that a BOP, for all of the coverage that it does provide, doesn’t cover everything. Certain claims, including those arising from professional services performed are not covered, nor are client damages due to inaccurate or incomplete advice given to a client that results in financial loss or reputational damage. A separate policy needs to be purchased for these exposures.


If you think a business owner policy is a good fit for the type of operations that you’re engaged in, speak to an agent that can determine rates quickly and efficiently.

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What Insurance Coverages Banks Should Carry

Banking institutions are certainly no strangers to the breadth and scope of risks they face, especially in today’s business environment where they face much stiffer competition than in years past along with more stringent regulations than ever before. Yet as these lending institutions continually adapt to the changing needs of their operations and services in order to stay ahead of the curve, they could face certain risks, which could also be compounding their vulnerability to a wide variety of financial threats.


There are many unknown perils that may lurk over the horizon, while daily issues such as employee theft and even common slip and fall claims work to hurt a bank’s reputation as well as their bottom line. In times like these, it’s important to have a stable, experienced insurer in your corner that understands the ins and outs of your institution’s operations and can provide the right type of Insurance for Banks designed to fit your needs, both basic and complex.


Tailored insurance solutions you can depend on


Your insurer’s job is to provide you with a well-rounded insurance program that can both protect your operations and help you manage the costs associated with claims, lawsuits, and situations resulting in a loss of stability. The right insurance agency will aid you by providing property and casualty policies with the capacity to help streamline the insurance process for you. In doing so they will also help you avoid the complications of dealing with multiple insurers.


Protecting your operations property should be among their chief concerns. For example, a fire could damage or destroy your institution’s buildings, and the cost of reconstruction could include meeting newer building ordinances. Naturally, your insurance will pay the replacement cost to rebuild the building, including the cost to comply with ordinances or laws, up to the policy limit. But you will also benefit from having business income and extra expense coverage in case a catastrophic storm wreaks havoc on multiple branch locations, causing the closure of one or more branches, perhaps for weeks or longer.


You will likely want to purchase an all-risk property / business income perils insurance policy that helps to protect you from the impact of lost revenue. There are other products available that might also fit your needs, including Professional Liability for Banks, Cyber Liability, Crime, D&O, and Employment Practices Liability Insurance, among others. Speak to an agent about Insurance for Banks and get the type of coverage that you benefit from the most.

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NJ Business Insurance and Cyber Theft Issues

Data breaches, network security, and identify theft are terms that many small business owners are dealing with on a regular basis. The fact that these types of exposures are running rampant in businesses across a wide spectrum are a concern that needs to be addressed. Fortunately, cyber coverage is available in the form of NJ business insurance coverage.


Over the last few years it became apparent that even small businesses were being infiltrated, simply because they were easy targets due to a lack of proper security, and as long as companies using computers and storing private information lack the proper remedies, they will continue to fall prey to hackers and thieves bent on stealing private information for resale.


More and more companies have added cyber liability policies to their business insurance package in order to address all levels of risk. Meanwhile, the insurance industry continues to address these exposures with various types of cyber liability coverages. Whether the attack comes from external sources, which is often the case, or if an employee or someone with access from within commits these crimes, this coverage is essential to businesses at risk.


Cyber theft can be extremely costly


Once a company is the victim of a breach, and information is obtained, the cost involved in informing clients, customers, and employees can be substantial. The thieves will likely sell any credit card numbers, social security numbers, and other valuable personal info to resellers who turn around and sell them in online forums or to other thieves. They will often encode the numbers onto blank plastic cards in order to obtain funds through ATM machines or purchase goods over the counter.


Every business owner is at great risk


Data breaches occur that can affect millions every year. Malicious threats, such as Malware, Spyware, and “Phishing” often create exposures and the results can be quite damaging. Non-malicious threats pose serious concerns as well, and issues like lost, stolen or misplaced laptops and smartphones, use of company computers by unauthorized users, and internal network sharing/configuration errors can be equally responsible for a breach.


Companies are required by law to notify customers in their database whenever a breach is suspected, which will often bring further damage to a company in terms of reputation, along with a loss of customer confidence. When an owner factors in the expenses to defend against hackers, they can see just how costly this can be. You simply cannot afford to be without NJ business insurance that deals specifically with cyber liability issues.

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Injury Concern and Fine Dining Insurance in Arizona

Fine dining in Arizona is often done for special occasions such as Valentines Day, or birthday celebrations. It can involve a couple, or a group of friends and family. It’s an event, unlike normal, family-style restaurant fare, and hosts and waitstaff need to enhance the experience of dining in luxury, which generally includes being served a higher quality of food. Guests expect to dine in an atmosphere that suggests beauty and a more relaxed, or festive setting.

But accidents do occur in restaurants and an injury to a customer can ruin the evening, especially if the injury is severe enough. Fine Dining Insurance in Arizona is necessary in order to keep these establishments running smoothly when a problem arises.

Owners know the potential for slips, trips and falls

A wet floor can be an issue anytime lots of people are gathered in one place. Falls from slips are a common and frequently dealt with hazard in this industry. Slips and falls can result in injuries to the neck or back, result in broken bones, and even cause cuts and lacerations. A liability policy is required when a customer is the unfortunate victim and winds up injured while dining at your place of business. Most slip and fall incidents can be prevented with stringent safety measures in place.

A customer who is injured may decide to sue the restaurant, depending on how badly they get hurt. A fine dining experience can go from a wonderful event and become a disaster in a moment’s notice. If a customer experiences a fall because a worker failed to clean up a spill immediately then the owner will have to compensate that person, with or without a policy in place. Workers need to be aware of any potential hazards and do their best to prevent the occurrence of incidents that may lead to serious consequences. Fine dining insurance is the right resolution to this issue.

Fine Dining Insurance in Arizona is available to cover everything from property damage, to supply chain issues, to food poisoning, as well as the problem of slips and falls. With so many issues on your plate, as a restaurant owner, you need to take the time to evaluate your current insurance and ensure that your coverage meets all of your needs.


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Good Digital Marketing Insurance Content is Vital

While content marketing in the insurance sector can present challenges, you represent a service that is extremely important for people in all aspects of life. Fortunately, there are many effective Digital Marketing Insurance strategies that companies can use to help them in appealing to potential clients. This is primarily accomplished with the content they create and then use in their online marketing campaigns, all designed to draw attention to their services and create further interest.

Blog about issues and concerns in your industry

When addressing your audience don’t make the mistake of focusing specifically on the type of products that the company offers; instead, take this time to discuss what type of problems or challenges currently exist and how your agency can help put clients in a position to best meet these challenges. You can use a forum to provide suggestions and offerings with the intention of helping your clients deal with issues that actually concern them.

For example, let’s say that you sell auto insurance. You can start a discussion about some of the challenges we’ll face when driverless technology arrives and issues that people will find that they may have to deal with after they’ve been involved in a car accident. Explain how having sufficient insurance can obviously help them deal with these new problems in an efficient manner.

This is truly one of the most effective ways that content marketing strategies for insurance companies works because it allows people to visualize themselves in these same types of situations. This may help them to fully understand how important it is to partner with an insurer that understands the effects that a particular situation might yield. This allows them to see your company and its products or services as a solution to concerns that they realize they might face one day.

You may also choose to write about events or ideas outside of your field of expertise. This is absolutely fine since you don’t want to bombard them only with stories about your services and products. While it’s equally important to include blogs that specifically relate to your company, it’s good to mix things up as part of your overall Digital Marketing Insurance strategy.

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Florida Liability Insurance Offers Sound Coverage

General liability insurance is purchased by businesses as a way to protect the assets of their companies. Most businesses can select the type of coverage suited to their particular needs. A liability policy is designed to protect the business against lawsuits due to the building where the business resides or any damage or injury related to products produced by the entity.

Many insurers selling business insurance offer this type of policy and can discuss in depth options available to their clients. This type of policy is typically bundled in a business owner’s policy (BOP) as a part of a basic business package. By doing so, the agency can provide more complete coverage to policyholders.

General liability insurance claims

The claims adjuster has a duty to help the policyholder with the claim. A claims adjuster should help explain coverage and available benefits to the policyholder and to take other steps to help bring the claim to a prompt and fair conclusion. In some instances where a claim is such an amount that it exceeds policy limits the insured may find that they are underinsured.

Umbrella insurance is an additional liability-type insurance coverage in case a claim exceeds your liability insurance limits on your primary coverage. You’ll probably want more than one commercial liability insurance quote for your business, but before you start shopping around you should know what to look for and how to go about getting the right policies that may actually provide you with the necessary benefits you’re going to need.

Again, as a business owner you might decide to buy multiple policies with different insurers. For example, you might buy a Florida liability insurance policy with one agency and then purchase another policy from a different agency to cover some other aspect of your business, commercial auto perhaps. However, bundling your coverage for your business under one policy with one insurer allows you to choose certain policies and may also help reduce your premium costs. As an added bonus, this makes managing your insurance renewals faster and easier.


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Why Bar Owners Need Bar Liquor Liability Coverage

One thing that a lot of Americans love to do after a hard day at work is to stop in at their local bar to unwind. Some see a bar as a good excuse to discuss business projects over drinks, or a group of friends will often meet at one of the local bars to watch a sporting event. Bars play host to millions of people in every city, all looking to take a break, relax and have some fun. This atmosphere, however, can also result in some patrons drinking in excess, and this is where the issues crop up.

There are times when a little too much alcohol simply adds fuel to the fire. Customers can quickly create a disturbance that results in fights and possible injuries. This can become the focal point of a lawsuit due to any injuries caused, or sustained, by others inhabiting the premises. This is when the need for bar liquor liability coverage becomes all too clear. You’ll be happy to have a policy that provides you with coverage necessary for the type of exposures you’re likely to encounter.

Good times gone bad

Owning a bar can be rewarding, when festivities are running smoothly and people come to participate in karaoke, a game of darts, or trivia contests. But it only takes one person getting out of hand to ruin the mood. From a business standpoint, you can’t afford to have your customers exposed to danger, your bar sustain damage, or your reputation sullied, all because one of your bar patrons decides to get out of hand.

Unfortunately this can be one of the drawbacks of running an establishment of this type. There’s likely to be occasions where situations occur that have the potential to create problems for all those people mixing together. And, perhaps an even bigger concern, if someone leaves your bar intoxicated, and has an accident while driving, which causes injury to another driver, pedestrian, or damage to public or private property, your establishment will likely be held liable for damages. Such lawsuits can be enough to shut you down for good.

Don’t let a lack of bar liquor liability coverage allow this to happen to you. Speak with an agent that can help you understand the risks that your establishment is likely to encounter.


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Precision Manufacturers Insurance and Loss Control

Manufacturing businesses have an inherent hazard due to the use of flammable and combustible materials often used during the manufacturing process. The potential for a fire to break out, or other types of danger due to the use of heat sources requires strict adherence to fire safety codes. It’s also prudent to provide employee training to recognize the importance of following maintenance schedules as well as recognizing situations that could cause a fire.

Government regulators have comprehensive code requirements for manufacturing businesses to follow. These codes are the result of careful analysis of actual fires that have occurred and been studied. The code requirements are designed to prevent excessive damage from similar fire situations that could very well be present in your workplace. Precision Manufacturers Insurance is designed to address issues such as loss control and the negative impact it could place on a company.

General safety precautions must be followed

Safety, and this includes the proper use of all machinery on premise, is vital. Because different machines provide different functions, workers must be aware of safety issues and concerns and be cognizant of all safety precautions that should be carried out to the letter. Making sure that your staff never operates any machinery without proper safety gear is crucial to lessen the chances of injury, and one should never attempt to operate any machine until they have a full understanding of how it works and what steps need to be taken in the event of an emergency. Workers should be instructed to always wear safety glasses or goggles while operating any machines.

Employees should also be instructed not to allow accumulation of debris and should remove waste from the premises daily. Knowing the types of materials used in your manufacturing process is important. Make material data hazard sheets from suppliers available so that workers understand proper use and storage requirements. Make sure to also install the proper type of fire extinguishers for your premises and have them inspected regularly. Train employees in their proper use, making them aware of all safety considerations.

All products coming off the assembly line should be inspected and tested to ensure they meet quality standards. Precision Manufacturers Insurance will provide you with the necessary protection and is available to meet many of your coverage needs.


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