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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Real Estate Agents and NewMark Insurance in Austin

For just about any professional services business in the Lone Star State, making mistakes simply comes with the territory, but this becomes a serious issue when a mistake leads to litigation. While no one sets out to give poor advice, it happens from time to time, or simply by forgetting to sign an important document (that affects the closing on a client’s new home) can have devastating consequences, and unfortunately these types of errors often due occur.

 

Regardless of whether a mistake was made by accident or due to intentional neglect, most businesses need errors and omissions coverage from NewMark insurance in Austin to protect their companies. By choosing to forgo purchasing a professional liability insurance policy an agency is putting their financial future at serious risk.

 

Real Estate agents and E&O coverage

 

An errors and omissions policy protects intangible valuables such as advice and ideas. Let’s say that you’re providing real estate advice to a client and, for whatever reason the deal falls through, then there’s a real possibility that the client may blame their loss on your bad advice. They may even have evidence of your mishandling of the paperwork.

 

These are instances where the client may decide to take the matter to court to recoup actual and perceived financial losses. By having an E&O policy, the insurance company will cover most costs connected to the trial, as well as any judgments awarded to the other party. This is a valuable type of protection that most businesses would be foolish not to have, plus many clients will not work with real estate agents that are unable to produce proof of professional liability coverage.

 

While it’s true that many large real estate firms are already covered by E&O insurance policies that doesn’t mean that individual agents don’t need their own coverage. In fact, since that coverage may be minimal it’s really up to agents to protect their own financial futures.

 

To find the right errors and omissions insurance coverage, look no further than NewMark Insurance in Austin. With their experience with professional liability coverage, they can be vital in helping you to choose the right insurance products.

 

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Machine Dealer Insurance and On-The-Job Injuries

The business product supplies industry continues to be robust as businesses thrive, but for employees who spend the entire day lifting products on and off of shelves it can be physically stressful. Many workers cite pain in their lower back region due to the repetitive nature of the job they perform. Employers that have employees whose main job is moving weighty packages and move heavy equipment all day are ripe for workers comp claims.

Any time a worker becomes injured due to constantly lifting heavy objects their priority should be to get a claim in motion. As their employer, you need to have coverage by way of Machine Dealer Insurance in order to provide for workers injured while employed by you and in your services. Workers comp is an essential and vital part of any employer’s business insurance plan.

Ways to cut down on workers comp claims

While you may or may not be able to require it, those employees who do routine stretching exercises turn out to have considerably less injuries while at work. Many employers have made this a requirement due to the alarming number of work-related injuries. However, stress due to extreme physical exercise of a work-related nature is not the only cause of workers comp claims. Employees often complain of carpal tunnel due to working on a computer and sorting papers all day. Still, the physical strength needed to do any job required of them makes these workers more prone to becoming injured. Those managers involved in risk management (and safety in work areas) see the use of a viable safety program as a solution to reduce on-the-job injury from occurring with such frequency.

In many different work environments workers are required to work in awkward postures and do repetitive work as part of their overall job. Part of the solution is to look at the work from another perspective and find solutions that will aid in relieving much of the physical stress.

People are creating new and better engineering solutions for today’s work environment.

By implementing this new technology they hope reduce or eliminate many of the reasons for today’s concerns. There are techniques already in use, such as job rotation limiting exposure to activities that could easily lead to injuries. Having Machine Dealer Insurance for workers injured on the job is the best way to keep a happy and productive work force.

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Cyber Threats and Orlando Cyber Liability Insurance

Cyber attacks and data breaches have been creating liability concerns for some time now and the costs to companies now totals billions of dollars in expenses. Insurers have worked hard to create policies to protect business owners from incurring expenses when their defenses break down. The many risks related to data security and privacy issues are something that most companies agree needs to be addressed and as a Country we must work on ways in which to defend against these problems.

The fact is that hackers have been going about this for years now and it’s a major area of risk that has become a serious issue for companies nationwide. The need for Orlando cyber liability insurance for local businesses has become of the utmost importance. While the operational and reputational risks are of prime concern, fears related to data security on every level, including our government, have soared in recent years.

Small companies face the same risks as high-profile companies

Many business professionals talk about high-profile breaches that have made headlines in recent years, but small companies, while not often sensationalized on the nightly news, are bearing the brunt of the attacks because they are often less prepared to deal with cyber hacks. The medical industry has been hard hit and personal and confidential records and information is being leaked on a daily basis.

One of the biggest issues, perhaps, is that once you become a victim to one of these breaches your company must now worry about keeping its reputation intact. Cyber security insurance has existed as a highly specialized niche product for over a decade now and it is becoming a key product because practically every company does some type of online business. In recent years, the number of insurers offering such policies has grown tremendously because companies are realizing that they really aren’t properly covered for this type of exposure.

For example, most companies have business interruption coverage as part of their property policy, which is for tangible risks such as fire, flood or windstorm, but not for cyber crime or the threat of a virus taking down an entire network. This is a different form of business interruption and requires a policy that specifically addresses these exposures. Don’t be one of those companies without Orlando cyber liability insurance because after an attack occurs it will be too late. Speak to your insurance agent today.

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Obtaining Small Business Insurance in Florida

Owning and operating your own small business venture in Florida can be a rewarding experience, but there are many exposures that need to be addressed. Anything can happen during the course of the day that could change the direction the company is going in. An injury to a customer, a complaint about a product that has caused someone distress, a mechanical breakdown that results in major delays, these are all instances that could greatly affect your bottom line.

To a small business owner unprepared for any worst-case scenario, the inability to continue to do “business as usual” could be devastating. One lawsuit or claim from a vendor or a customer could be difficult to overcome. Small business insurance in Florida can provide the necessary protection needed in the event that issues and events covered by your policy end up putting your business at risk.

If a major storm hits your business and causes sever damage to the building will you be able to rebuild, or will the lives of you and your employees be decimated? How about a work-related injury or illness that requires months or longer to heal? This is where having adequate small business insurance can really make a difference in what the future may bring.

The types of insurance you may need or require

There are policies available for all of your needs and concerns, including property damage, business interruption, workers compensation and any and all liability concerns. A review of the company’s assets can help you to determine just how much coverage you’ll likely need and what types of coverages you should have on hand.

Partner with an agent who knows the many risks involved in running an enterprise of this nature so that it will allow you to focus on building upon your investment and invest your time in doing what is required in order to remain productive. Your time is better served developing competent managers, supervisors, and staff, and building a loyal customer base.

Insurance is, without a doubt, the cornerstone of many successful enterprises. Consider these important factors when shopping for small business insurance in Florida for all of your business needs.

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Manufacturers Insurance for Valued Protection

Manufacturing companies provide products for a lot of industries across the US and many corporations rely on getting their precious merchandise on time for an awaiting market. If you begin experiencing delays you may face the possibility of losing crucial business from major firms you do dealings with. You need to consider the impact that having a work stoppage due to an equipment breakdown issue could cause for you and your business.

When your operations become interrupted due to a mechanical issue how will you be able to deliver your orders? Without backup equipment in place and at the ready you may need to find alternate ways to fill orders, either optional facilities or the rental of equipment. This naturally will increase your costs adding even more concern, and that’s where having manufacturers insurance comes into play.

Customers likely will not wait because they have deadlines to meet as well, so there’s a real likelihood that orders may be cancelled and you’ll also suffer a loss of revenue, along with possible damage to your reputation. Having coverage for equipment breakdown is the solution to this issue.

Many types of mechanical issues can occur

Aside from equipment used in manufacturing there is probably additional equipment that keeps your business up and running. Air conditioning for hot summer months, and boiler and pressure vessels are commonly used for heat and hot water. Cookers, sterilizers and some cleaning equipment are other common types of pressure vessels.

Boiler and pressure vessel accidents can be the result of defective welding, scale or sediment build-up, or simply the failure of control or safety devices. Persons in close proximity could experience a serious injury in the event of a major malfunction adding additional concerns.

Another common exposure for many manufacturers is electrical systems, which can further add to delays. Transformers, panels and cables, many of which are interconnected cause additional risk since excessive voltage issues in any one of these components can lead to significant damage to the entire system.

If your company has the distinct possibility of an equipment failure issue you should get the protection you need by having manufacturers insurance that includes equipment breakdown coverage to keep you up and running.

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Coverage Concerns and Warehouse Insurance in Orlando

Warehouses have a slew of liability issues stemming from the equipment in use and the heavy merchandise often stored on the premises. This requires owners to carry warehouse insurance in Orlando, and in particular legal liability insurance as coverage for their warehouse storage operations. This policy helps cover a business as a “bailee” and that means they’re covered as a business entrusted with the property of others for any direct physical loss (or any damage of property) that happens during storage, docking, packaging, labeling or any other services provided by the company acting as a bailee.

Warehouse owners and managers have the arduous task of keeping the merchandise moving. The last thing they want slowing them down are concerns about whether they have the right insurance. An agent familiar with this industry understands that products can be at your location or on a truck and that inventory values change seasonally. This is why you need flexible limits and reasonable rates. Industry experts created warehouse insurance in Orlando that can provide protection specifically tailored to your needs, with the added goal of helping you to avoid costly claims.

Warehouse owners have a daunting task

The warehouse industry is integral to the logistics and distribution chain here in the US. A warehouse owner can unfortunately be held responsible for many different operations as a direct result of the services they provide, all of which come with many different exposures to loss due to a number of inherent risks associated with this type of work.

Everything from arranging the transportation of goods from one point to another, the storing of merchandise, managing inventory, and even the task of packaging products, comes with its own concerns. As an owner you must be fully aware that along the way anything can and may possibly go wrong.

In addition to concerns regarding merchandise being stored in your facility you also need to protect your building which is another important goal for any warehouse owner. After all your building, along with the items stored in it, is your business. The precise type and amount of coverage you may need depends on the type of structure you own, the kind of items you store inside and the way you handle those items. You may have a sprinkler system for fire safety, but you’re still going to need warehouse insurance in Orlando to protect you, not only from fire damage, but theft and other possible catastrophes as well.

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Employment Agency Insurance and Employment Practices Liability

Employment Practices Liability (EPL) coverage for staffing firms, as a part of any robust employment agency insurance program, is designed to protect companies against claims brought by an applicant or employee for allegations of discrimination, sexual harassment, wrongful termination and other aspects of employment practices.

This policy is designed to provide coverage to the staffing firm for in-house employees as well as for contract (temporary employees) placed with clients who fall subject to their client’s work environments. While coverage is extended to the clients for any actions of the staffing services workers while at the client’s workplace, coverage is also extended to non-employees subject to the workplace environment as well.

Workplace investigations address important concerns

When an incident occurs an investigation helps to address problems and are an important tool for responding to complaints or incidents regarding suspected workplace misconduct. These investigations can also help improve employee morale, increase productivity, and end inappropriate conduct by employees and staff.

Internal investigations are vital to an employer’s ability to avoid litigation by promptly responding to any concerns about the work environment. In some cases, litigation might possibly be avoided altogether, since employees who feel their employers have addressed their complaints often respond positively when they feel the matter has been properly handled.

When necessary it’s best to initiate the investigation promptly, however do not compromise confidentiality, and assure those involved that all information garnered will be treated with sensitivity. It is best to remain as impartial as possible and never make assumptions. Also, choose an investigator who will avoid rushing to judgment.

Conduct an effective investigation

You can help with the investigation by explaining the process using simple language to communicate the purpose of the investigation to the complainant and any witnesses. Ask the witnesses to identify corroborating evidence or any documents related to the situation.

Document the procedure carefully by taking detailed notes, but remain mindful of attorney-client privilege issues. Remain professional and courteous toward all witnesses, including the complainant and the accused and remind involved parties of their obligations, which include confidentiality, non-retaliation, and the need for truthfulness and candor.

Always attempt to resolve issues fairly and satisfactorily, but in the event things go sour, employment agency insurance coverage will help you in dealing with any legal issues.

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