Directors & Officers Require Liability Coverage

Directors and officers liability insurance (D&O) is designed to cover the corporation and the directors and officers serving on their board. Members of a company’s board of directors can be charged with liability for a number of actions or inactions pertaining to the business. However, in many cases where corporate interests may clash with those of the individuals responsible for managing its affairs, the coverage may differ.


While an indemnity policy protects the corporation, a D&O policy covers the individual acts of directors and officers, which without, they would face serious exposures. When the corporation is at fault, it would be covered solely by an indemnity policy, which is available from oc insurance.


D&O is a vital part of any liability coverage package


Any company, including non-profit organizations, charitable trusts, and civic associations can all benefit from a D&O package. The one common thread that binds them together is the concept of a duty owed by an officer or director to its constituents, such as employees, shareholders, and the corporation itself. D&O liability came about as a solution to such matters as breaches of fiduciary duty and good faith that were beyond the common law courts.


Anyone suffering any sort of damages at the hands of board members, from a drop in share price to wrongful termination, can accuse the actions of members or a manager of having breached a corporate duty. Many consider D&O coverage an integral piece in the field of liability concerns. It was designed to protect officers and directors, as well as the corporate entity, and was concerned with issues related to business litigation. There are many different types of issues involved, such as public policy concerns, fraud, illegally releasing trade secrets, unfair competition, and employment practices.


Many of these exposures require a need for coverage of a broader type. D&O policies will not cover criminal activities, and are primarily concerned with civil remedies. Private company risks are less concerned with securities violations. Their main exposure is to employees with regards to employment practices, but any company that employs one or more individuals (or deals with customers, clients, competitors, the government, or other third parties) has a D&O exposure, making the purchase of a directors and officers liability policy from oc insurance a smart choice.


Part of the process in keeping workers comp insurance rates low is ensuring an accurate portrayal of your loss history. Reviewing your claims history with help to make sure no errors are in your record, possibly inflating your premiums. Speak to a representative at oc insurance to discuss any questions you have pertaining to this vital coverage.

Get the Right Orange County Auto Insurance for You

Your car isn’t just a means of transportation; it’s a member of your family. That’s why Orange County insurance agencies like Signature offer a wide range of policies to ensure you have the coverage you need. Whether you need to insure your family car or truck, the dune buggy you use on the weekends or the antique car you have carefully stored away, buying comprehensive auto insurance in Orange County has never been easier.

Make Sure Your Auto Policy Covers Everything

Auto insurance is about more than the vehicles. You want to make sure your policy covers the driver and passengers, too. Of course, you’re also going to want to be covered against any damage done to property if you have an accident. Here are a few types of liability insurance you should consider when purchasing your auto insurance:

  • Rental car usage
  • Personal injury
  • Medical payments
  • Property damage

No matter the type of vehicle you drive, OC insurance companies are ready to help you get the right type and level of protection you need to protect you and yours if the unthinkable happens. Nobody likes to need insurance, but it’s better to have it and not need it than need it and not have it.

Why Insurance Is an Asset to Your Orange County Business

No matter what kind Orange County company you have, it’s smart to invest in business insurance. Orange County specialists who understand the specific needs of corporate clients can serve as invaluable resources while advising what kind of coverage is best for you.

One reason why it’s useful to have an insured business in Orange County is that the coverage you choose may protect you from losses suffered due to interruptions in your operations. Although you can’t plan for the kinds of things that may go wrong, you can at least take steps to protect yourself in case they do.

Insurance also protects the investments you make to keep your business running smoothly, such as the commercial vehicles you’ve purchased to take on company trips or drive around to various work sites. Your insurance provider can evaluate your needs and make solid recommendations about commercial auto coverage that suits your situation.

It’s also smart to plan for potentially costly legal situations that could be made less severe if you have the proper coverage. For example, by possessing management liability insurance, you could relieve your company’s management team of the expenses and stress caused by lawsuits and legal probes.

As you can see, it’s not wise to be without business insurance. Orange County representative are ready to assess your situation and give worthy insight.

CMP Insurance Protects Against Liability

Civil money penalties are sometimes levied by courts against individual directors and officers of financial institutions for alleged wrongdoing. In the past, these institutions would commonly offer an insurance policy to directors and officers to protect against liability for such penalties; however, in recent years the FDIC has made it clear that financial institutions may not provide civil money penalties insurance for their directors and officers. This has left directors and officers of banks and other financial institutions around the country exposed to liability for civil money penalties imposed on them during their service to their institutions.

While the financial institutions themselves may not provide their directors and officers with civil money penalties insurance, the individuals may purchase the insurance for themselves. These policies typically have low deductibles and cover up to $250,000 in civil money penalties in the event that the insured is personally penalized by a regulatory body as a result of an investigation, though they do not cover the costs of the director or officer’s defense. Personal CMP insurance policies provide new options for officers and directors who previously had no coverage for civil money penalties and allow them to feel a bit more confident that their assets will not be at risk due to their service on a bank board.

Do You Need to Protect Your Company Against Internet-Based Threats?

You almost certainly heard about the growing number of incidents related to cyber crimes. However, maybe you have a very small company and think there’s no need to invest in cyber risk insurance in Indiana because you’re under the impression hackers would never even consider attacking your business.

The reality is, if you store customer data electronically or handle credit card transactions, you possess valuable information that cyber criminals want. You cannot merely look at the size of your company when deciding whether to get insurance against cyber threats. If your employees use the internet for any part of their work, you’re potentially at risk without adequate insurance.

Representatives who specialize in helping customers get internet-related risk coverage can clarify precisely what is covered within your selected premium. There are packages that shield you from the effects of cyber terrorism, data breaches, loss of electronic data and much more. By possessing this type of insurance, you could also get compensated if a cyber attack hinders normal business operations.

Make a wise decision and get in touch with a company that provides cyber risk insurance in Indiana. The internet is only growing in its dominance, and the more your company depends on it, the more at risk you may be for potential attacks.


Renters Insurance and Safety Tips

While landlords are responsible for the building and the units they rent out to their tenants, renters must protect their own personal property by investing in renters insurance. This will ensure that they are covered in the event their personal items become lost or stolen.


The best way to protect belongings you’ve worked hard to obtain, especially when it comes to valuable and sentimental items, is to contact an insurance agency in Texas and discuss your policy options. In the event that something happens that causes damage to your personal property, you can rest assured that you’ve taken the necessary steps to at least get properly reimbursed.


Keep inventory of all valuables


You’ll want to come up with an accurate estimate for the value of all of your personal items. Do a thorough inventory of everything in the apartment and list the estimated cost for replacing each item. Add it up and make sure the insurance you purchase will cover this amount.


It may sound like an awful lot of work, but consider the alternative. Simply set aside a little time each week, make note of any major items, and make a habit of keeping receipts for new purchases. You can also use email confirmations of online purchases as proof. Save all the information gathered in a spreadsheet or whatever preferred format you choose.


Photos are great for cataloguing items 


Take the time to photograph each and every last item you own, making sure to get snapshots of the most valuable pieces you own. Include furniture, electronics, and any jewelry. Even if you think some items hold little or no value, snap a few pictures of everything. Leave to the adjuster to determine what the value may be. Also, record anything with a serial number or identifiable marks in the event they are stolen.


Keep list of important items in a safe place


Make a copy of the inventory, along with the renter’s insurance policy, and upload the photos online, storing everything somewhere safe outside of your dwelling. A safe deposit box is a safe bet, or a trusted friend’s place, or in an online cloud storage system. These are all good places to keep your records.


When renewing your insurance policy each year, be sure to make a note of any new items acquired and add them to these records. If you change the insurance agency in Texas you currently are working with, make sure to include this information on your new policy.


Insurance Agent Marketing Ideas and Strategies

Part of any good marketing strategy is maintaining a well-designed website for your agency, one that informs consumers about your products and services. It should also illustrate why your services are superior to others that may be vying for position in the same marketplace.

Most people would likely agree that the main purpose of any insurance agency website is to be a sales and marketing tool, used alongside email blasts, telemarketing, webinars and direct mail all under the umbrella of insurance agent marketing ideas and strategies.

What Your Marketing Ideas Should Accomplish

Your marketing efforts should provide new and existing customers with helpful information, including account details, how to properly file claims, coverage summaries and access to online bill payment or benefits management services. Building a brand and increasing name recognition, finding prospects and targeting specialty market niches are all vital to your success. This all helps in building relationships with prospects and customers alike.

By creating a clear set of goals your marketing efforts should pay dividends. Keep the consumer first and foremost in mind, and use social media as a way to build an audience. Testimonials that illustrate how much you have been instrumental in helping others with your products and services can help demonstrate how vital you are to the community.

Start by Having A Well Structured Website

Some of the main reasons a website could be an essential marketing/sales tool for an insurance agency is how it helps build relationships with prospects and customers. Start a blog, and provide helpful information, not only about your products, but coverage needs and requirements for different situations as well. People love free advice and it also shows off your knowledge and capabilities.

These are just a few of the methods you can utilize to help bring people back to your website on a regular basis, increase your odds of making sales and, more importantly, begin establishing long-term relationships.

It might be a good idea to focus on the kind of business that comes in primarily through quote engines because it is economically efficient to process this kind of business. Whichever insurance agent marketing ideas you choose to implement, your focus should remain on satisfying the needs of your audience, while doing what is required to achieve the company’s sales and marketing goals.

Keys to Success in Marketing for Insurance

Part of what it takes to be successful at selling products and services as an agent lies in marketing for insurance. It takes a lot of hard work and dedication to put together a successful insurance marketing campaign. The most important components of a marketing plan include a smartly designed website, social media content, and having somewhat unique landing pages.

Remember, any type of marketing needs a strategy and a goal to fulfill. For example, you may start off by trying something new, for instance posting a banner if that’s something that the company hasn’t tried in the past, or start a newsletter that aims at highlighting service and product roll outs that might actually interest new visitors to your website.

Promote the website often and routinely

Promoting the website on all marketing efforts can help to create substantial results. This may even provide some word-of-mouth referrals and increase traffic to your site. Include a collection of video testimonials from satisfied clients as this can also help to impact business growth. You can use them online for marketing purposes and at conventions when engaging with prospects in person.

Community involvement helps bolster recognition

The smartest agencies are becoming increasingly involved in local causes that support their communities and this can really pays off. Being an active member of the community helps to get people using your services as opposed to seeking out another agency. These types of efforts often generate new clients because most people are inclined to support businesses that strive to make their community a better place to live.

There are certainly hundreds of other tactics and ideas in use for marketing for insurance, but one thing every agent knows is important is good customer service. It’s by far the most effective way to gain loyalty and trust. People appreciate it when they’re made to feel special, and when agents provide customers with outstanding service they often show their appreciation by offering up referrals.

Tracking metrics can also be very useful

Most agencies understand the importance of tracking exactly where new business opportunities are coming from. This informs them which marketing efforts are actually paying off. Tracking the number of policies per client enables an agent to know whether they are building good relationships as well. Consider all of these to be important aspects for marketing for insurance.

Insurance Websites Designed to Generate Consumer Interest

People will always value insurance to provide comfort and help aid them when it is needed most. Most often they will purchase their insurance from a particular agency because of past experience or a trusted referral. Many times it’s determined by how products and services are presented to them. People like to know what they’re buying, what positive impact it will have on them, and the ease with which they’ll be able to file claims and get fast results.

Most insurance agents spend a good amount of their time vying for new business. Now that most people shop online, it’s important for agencies to have well designed Insurance Websites. No matter the type of insurance being sold, consumers use the Internet, not only to find insurance, but to compare policies and pricing as well. Therefore websites must be easy to navigate. Without this, it can be difficult to position your company to achieve a high level of success.


It’s recommended that you hire a professional

When building a website, think conversions. Any agent wants to have people come to their website and either submit their contact information, or make contact via phone. This tells them that the site is generating interest, and that helps put the agency in a position to make a sale. That’s why there are designers and developers, all of who are quite capable of making well-designed websites. Take the time to study other sites to see what looks like a well-structured site that’s easy to navigate.


It’s important to make it consumer friendly

Whenever someone is a visitor to a new website and they can’t find contact information easily, most likely the website will be a failure. You really must make this as simple a process as possible. To ensure that contact information is easily accessible, include an email address and phone number on the home page, and the header or a sidebar is a great location for this information.

You are likely not the only game in town, so you should do something unique that will set you apart from the competition. This will definitely give consumers added confidence in the products you’re presenting. Insurance Websites don’t have to be complex they just have to be well organized and planned out.

Night Club Insurance Protects Owners Facing Costly Liabilities

Nightclub owners have what must look like an enviable job. Popular clubs draw both locals and visitors from out of town and people often line up waiting for what may seem like hours to grace the inside of these glitzy venues. But being the proprietor may seem like a lot more fun than it actually is.

Consider the fact that nightclub owners must deal with a full range of situations that could result in injuries, property damage and perhaps even fatalities. Added is the new danger that terrorists and terrorist groups that target these clubs bring, and the concerns become even more serious.

While we hate to bring up the tragic event that recently occurred in Florida, events of this nature can negatively impact these businesses as well as cause serious financial losses. Having nightclub insurance is necessary since a company experiencing a business interruption of any sort requiring them to close their doors for days or even weeks could mean losing revenues that could be crippling.


Loss of revenue just one of many concerns

Aside from a terrible tragedy occurring, nightclub owners also have to contend with liquor liability issues, patrons getting into fights resulting in injuries and lawsuits, even accidents taking place away from the location. An example of this would be an incident occurring as a direct result of an inebriated customer leaving the club and causing destruction or turmoil while driving their vehicle. The list of risks and exposures faced by operators of nightclubs is long and it takes a great insurance package to address so many concerns.

In addition, you might face cash flow problems as a result of some incident where they experience serious damage to their venue. If a fire breaks out and causes enough damage you may find that you’ll have to close up shop for a period of time in order to make necessary repairs. When your business must remain shuttered for any length of time, those mounting costs can even lead to bankruptcy.

Purchasing adequate nightclub insurance will certainly help. To have success you’ll need coverage that addresses several risks and exposures that could hamper your ability to be a success. Speak to an agent about all of your questions and concerns.