The Clear Advantage of Wholesale Brokers

When it comes to choosing the right insurance solutions, there are several options available. You could purchase insurance directly from the seller or you could check out wholesale commercial lines brokerage.

Disadvantages of Direct Sellers

When you choose to purchase from a direct seller, there are limitations. They give you fewer choices because they can only offer you their products or services. If your client’s specific needs do not fit within the profile of the seller’s product line, you can only get a close fit or a generic solution. This doesn’t work for most businesses. Companies have unique needs. Likewise, if you ever have a complaint about how much the insurer paid on a claim, you have to go directly to them. You don’t have an advocate to resolve the matter.

Benefits of Insurance Brokers

A broker represents multiple different companies. This means that they are able to connect you to a variety of different insurers that might fit your client’s needs. The goal in working with a broker is to have access to multiple different products and different insurance companies. This way you get the best rates and best deals. In addition, the broker will advocate for you, if there is ever a problem.

When it comes down to it, wholesale commercial lines brokerage agencies offer solutions that are more flexible for companies.

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Why Errors and Omissions Insurance is Necessary for the Real Estate Business

Working in real estate can be a fulfilling career. Working with a wide range of properties, helping people to find a future home, workplace or investment opportunity can be exciting as well as profitable. However, in an industry with such high stakes such as real estate, insurance is vital to ensuring that reputation and assets are protected. In most coverage plans you will notice that errors and omissions are an important component. To have a more in-depth understanding about real estate E&O claims, examples can help illustrate them.

How E&O Coverage Helps

In many types of businesses, errors and omissions coverage must be included when it comes to insurance. In sum, policies outlined in E&O coverage plans should address the following:

  • Incident reporting
  • Fiduciary or receivership services
  • Coverage in cases of owned property
  • Consent to settle
  • Guaranteed defense
  • Punitive damages
  • Personal injuries
  • Criminal or fraudulent acts

When exploring plans offered by various agencies, it can be helpful to go through these real estate E&O claims examples individually to get a better grasp on how each policy would provide safeguards for each of these types of scenarios. Find the best fit for your business by choosing an insurance agency that understands these unique exposures in the real estate industry and can take the time to provide coverage details for you.

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Crucial Homeowners Insurance Coverages

Insuring a homeowners association involves several elements. When you choose HOA insurance, you

have to prepare for every possibility. It’s not always fun to think about potential losses but this is going to protect your association. When it comes to coverage for your community, those who specialize in wholesale HOA insurance can help you through the process. They can also help you decide which solutions work best for your community.

Here are a couple of coverages you should always consider.

Contingent Liability

Contingent liability offers coverage for undamaged property. For instance, if there is a house fire, property insurance will replace the half of the building that underwent damage. Unfortunately, in many areas, if half of a building is destroyed, you have to demolish and rebuild the entire thing per law. In this case, contingent liability would pay for the undamaged portion.

Sewer Backup Coverage

If your homes connected to the sewers, this is important coverage to have. Someone may flush the wrong items down the toilet and result in backups and property damage. Likewise, laundry soap can build up in common area lines and cause damage.

In the event of an emergency or home’s damage, you want to have full coverage for your community association. There are many different specialty coverages to apply for. You can learn more from a wholesale HOA insurance agent.

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3 Top Questions About Legal Professional Liability Insurance

Before investing in lawyers professional liability, most law firms have questions about the types of coverage necessary and what the coverage entails. Here are three of the most common questions asked.

What Does the Coverage Entail?

The coverage tends to cover lawyers and employees in the law firm. This coverage generally pays for legal fees, settlements and other charges involved when a client files a claim against a law firm for alleged malpractice.

What Claims Are Most Common?

Clients may file a claim for a number of reasons. However, some of the more common claims are simple mistakes. These may be substantive or administrative errors. Also, you may hear of clients alleging that the lawyer improperly abandoned a representation or failed to address what a client needed.

What Doesn’t the Coverage Cover?

There is a broad range of coverages offered. However, there are areas not covered that are relatively standard. Often, you’ll find these exclusions in the policy in their own section. Here are some common exclusions to look for:

  • Dishonest acts
  • Malicious acts
  • Criminal acts
  • Fraudulent acts
  • Bodily injury by lawyer or law firm
  • Claims involving people insured in the same firm

Since the types of coverage can vary, always check your exclusions thoroughly.

With lawyers professional liability, it is smart to ask questions so that you can fully understand your coverage.

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Insurance You Can Rely On

Insurance is not something that should be bought with rush and with the average company. Instead, you should purchase insurance with a dependable company that has the right policies for you at the right price. This is where Walker General can step in. Our variety of lines come with excellent customer service. When you work with us, you can build a strong package with confidence and ease.

History of Dedicated Service

Our team aims to administer the best service in the industry. No matter your background or situation, you receive fantastic and professional service the moment you walk through our doors. Team members assess your needs and seek out the right coverage path for you. We fight to get you the best prices and terms possible. You can trust us to handle your assets with care. Our office is just one stop or phone call away.

Superior Options

Walker General caters to both businesses and individuals. We can build property, auto and umbrella coverage. Still, we also offer lines specific to businesses like general liability, E&O, D&O, pollution liability, cyber liability, business interruption, workers’ compensation and employment practices liability.

For over four decades our team has helped build the dreams of families and businesses all over the area. Be the next to take the plunge into incredible insurance.

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Protections for Contractors

Contractors are responsible for creating plans and putting them into motion whenever they take on a new project. Depending on the type of work and the subcontractors involved, different types of insurance may be required. By understanding the different types of insurance, construction types of all kinds can be covered against costly claims or disputes.

Types of Bonds

Bonds are very helpful in protecting contractors and their work, and in many cases required by law before even beginning a project. Some of the different types of bonds that might be needed include:

  • Site Improvement – for renovations
  • Subdivision – for a subdivision’s public structures
  • Maintenance – to cover defects, failure and repairs after a project is completed
  • Supply – ensures that there are adequate supplies to complete a project
  • Performance – helps guarantee quality work is completed in a timely manner as laid out in a contract
  • Payment or Bid – protects project owners from having to pay excessive costs to contractors and subcontractors beyond what is outlined in a contract
  • Contractor License – ensures that a contractor is licensed and qualified to complete a project

With all the available insurance, construction types ranging from private to public, or small to larger contracts can give contractors the right coverage to get the job done confidently. Before beginning work, speak to an agent to identify your specific needs and to set up a policy that addresses your unique exposures.

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Coverage for Warehouses

Running a warehouse comes with many responsibilities. Items are often stored in bulk and must also be kept in excellent condition. In order to do that, warehouse managers must ensure that anything stored in their facilities is not compromised in any way. If anything becomes damaged, the warehouse is likely held liable to make up for losses. Because of this, having protections such as warehouse insurance is a necessary safeguard in this line of business.

Special Considerations

Like any business, warehouses must be sure to have coverage to protect their employees and clients. Depending on the types of items stored in the warehouse, there must also be special accommodations made to ensure items are not damaged. Some items that might take extra effort to store include:

  • Perishables
  • Breakables
  • Overweight items
  • hazardous materials
  • Time-sensitive cargo in transit

In addition to the special protocol that may need to be followed for some clients, warehouses must consider the protections their employees need. For example, employee health and safety while on the job should be a priority.

How Insurance Helps

With all the attention to detail this industry requires, it is important that they are protected with warehouse insurance in case an unforeseen event should arise. Investing in this safeguard can help ensure that warehouses will not find themselves in costly conflicts or litigation. By finding an agency that specializes in identifying the unique exposures and needs of warehouses, these businesses can rest easier knowing that they are covered.

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Serving Insurance With Care and Responsibility

Who you obtain insurance from matters as much, if not more, than the types of policies you acquire. This is because the quality of overall insurance coverage you receive depends on the standards of the agency. If you work with an company that has their pockets at the forefront of their mind, then you might be stuck with subpar and expensive policies. Walker & Associates Insurance is here to rescue from that ordeal. Our proficiency for our trade and our extraordinary customer service make us the best insurance company in the area.

Why Walker Insurance?

From the many choices of insurance agencies, you may be wondering why you should chose us. Well you should know that our agency is founded on the idea that great service matters most. Without excellent care, you cannot stand as a successful company. This is why from the moment you step into our offices or give us a call you are received with an open mind and open ears. Throughout the insurance process you are working with a member of the staff that puts your best interests above everything else. Trust that our five decades in the industry has created staff that knows what they are doing.

Walker & Associates Insurance is ready to help you with business and personal lines. Give us a call or pay us a visit to learn more!

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Tips for Relocating to Massachusetts

Making the move to a new state can be an exciting new adventure filled with new discoveries and opportunities. Before you make your big move to the state famous for being one of the 13 original colonies, its overabundance of cranberries and the historical Mayflower landing, it’s important to make sure all business matters are settled to ensure a smooth transition to your new home.

Recommended Checklist

Like with any major move, you must be sure to settle some business matters before being able to fully enjoy what your new state has to offer. Checking these tasks on your to-do list can save many future conflicts:

  • Have out-of-state driver’s license in addition to other approved forms of ID to the Massachusetts DMV for license and vehicle registration
  • Shop for insurance as needed, and consider in-state agencies such as North Star in Massachusetts
  • Prepare to file taxes if you are a full-year if your income is higher than the minimum required for the taxable year
  • Research residency requirements for various organizations

Make the most of your move by being prepared. Taking the time to do the research and put the proper safeguards in place, such as coverage by North Star in Massachusetts, can help you to make the most out of your move.

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What Your Trucking Insurance Should Cover

The trucking industry is essential for getting goods and services where they need to go in a timely fashion. You can protect your trucking business with a solid insurance policy. Whether you are looking for a very basic policy or trucking liability insurance in Texas, here are some things to consider.

Basic trucking coverage is similar to the coverage you receive on your personal vehicle. This type of coverage is essential. It protects your company’s assets in the event of an accident or collision, providing compensation for necessary repairs or replacement. It covers your losses if a truck is stolen or vandalized, and it covers damage from accidents, even the ones caused by your own drivers.

Other coverage you might consider for your trucking company varies according to your particular needs. Most policies also include trucking liability insurance in Texas, which covers accidents that occur as the result of neglect. If you regularly haul expensive items, it might be helpful to add cargo insurance to your policy in case of theft or damage to the goods you are transporting.

Essentially, your insurance policy should cover any foreseen risk that your trucking company might encounter. It is a good idea to protect your business from revenue loss from collisions, theft or negligence.

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