Insurance Options for Portable Sanitation Providers

Anyone who attends a public outdoor event depends on your services to have a convenient place to use the restroom. While the portable toilets you provide are valued by your customers, they also come with their own share of risks. No matter what situation you find yourself in, having the right insurance can help you be prepared for it.

General Liability Insurance

This is the most basic form of insurance that all businesses need. Within the sanitation industry, it can help to protect you from liability for various accidents that may occur on-site, such as an injury that someone sustained when using your portable toilet. You can also customize general liability insurance so that it suits your specific needs.

Vandalism Insurance

When you provide portable sanitation services, you know that you have to contend with the possibility of vandalism. Fortunately, many portable sanitation insurance packages include vandalism insurance to address these concerns. The costs associated with vandalism can be high, but the right coverage can save you from paying the price.

Commercial Property Insurance

As seen on www.tangramins.com/, this form of insurance protects the property on which your portable toilets are located. If any of the following situations take place, commercial property insurance can cover the relevant costs:

  • Natural disasters
  • Theft and vandalism
  • Fires
  • Burst pipes

Your portable toilets need to be protected under any circumstances for your business to thrive, and a reliable insurance policy can help.

Please follow and like us:
error

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.

Please follow and like us:
error

Understanding Supplemental Pay When Injured or Ill

For injuries sustained on the job, a worker’s compensation policy provides some financial relief for employees. However, this doesn’t cover any wages lost during the time of healing or while waiting on a doctor’s release. It also only covers accidents that occur at work. When injuries occur while you are off the clock, disability insurance is the answer.

What Disability Does

According to the information found at https://www.insuremyworkcomp.com, disability coverage is like having insurance for a paycheck. When you can’t work, due to an injury or medical condition, the insurance policy provided a portion of your prior income to help meet basic needs. The funds are released and calculated according to your wages and are paid out for a limited period of time as defined by your company policy.

The most common terms you need to understand include:

  • Premium- the amount paid each month for the policy
  • Benefit amount- how much is received each month
  • Benefit period- how long you will receive a payment
  • Elimination period- how long you wait before receiving a check
  • Definition of disability- what qualifies you for earning disability benefits
  • Riders- customizing options for a policy that can raise the cost of the policy

Your situation will determine what disability benefits you receive, as there are different types. These are long-term, short-term, Social Security, and state disability benefits.

Please follow and like us:
error

Is Your Commercial Real Estate Truly Covered?

When you own and run your own business, it goes without saying that comprehensive insurance coverage is a top priority. This includes in regards to your commercial real estate. However, if your property insurance policy doesn’t include ordinance or law coverage, there’s a good chance you won’t be fully covered in the event your building is ever damaged or compromised.

What Is Ordinance and Law Coverage? 

As discussed on https://www.nsins.com/, ordinance and law coverage is a type of real estate coverage that is often overlooked despite its importance. Without it, a given property would be protected in the event of total destruction due to fire, natural disaster, vandalism, or other common occurrence. However, a loss that isn’t total may not be should the undamaged portion be declared unusable under an applicable ordinance or zoning law. For instance, the property owner could be required to cover the costs of rebuilding, repair, or demolition without the help they otherwise would have gotten under their insurance policy.

Make Sure You’re Covered

Ordinance and law coverage becomes even more important when you consider the ever-changing nature of city ordinances, zoning laws, and the like. Without it, there’s always the chance that you wouldn’t be fully compensated should the worst ever happen, even if you perhaps would have been at some point in the past. Speak to an insurance agent today about truly safeguarding your business today.

Please follow and like us:
error

Do You Have Flood Insurance?

No one enjoys having to deal with the disaster that comes with flooding. Many homeowner’s are unaware that flooding is not covered under their homeowner’s insurance policy, which means they may be unprepared. However, private flood insurance can fill in the gap and keep you protected, as seen by the information provided by Transparity Insurance.

Coverage Under Flood Insurance

Homeowner’s can face heavy financial and material losses with even an inch of standing water in the home. Fortunately, purchasing a flood insurance policy means you can be covered for the following items:

  • Structural property damage
  • Appliances
  • House systems, such as HVAC
  • Plumbing
  • Electrical systems
  • Detached garage

Each insurance policy is unique, and some may offer expenses for additional living costs while your home is being remodeled. The type of policy you receive depends on where you live and the type of flood damage you may expect to have. Your insurance agent can run a risk analysis and offer you different policies to choose from.

Being Prepared Means Being Protected

If you live in a flood-prone area that experiences hurricanes or yearly heavy rainfall you should be prepared for any potential damage with private flood insurance. It takes 30 days to be put into effect, so be sure to select your policy before the rainy season starts.

Please follow and like us:
error

Understanding Your Options With Insurance

All businesses are different. This means that your company is going to have very specific requirements when it comes to insurance. In order for you to select a policy that meets your needs and helps protect you from the most common risks in your line of work, then you need to give yourself time to look at some of the choices that you’ll run into. Understanding e&o vs. e&o and other policies can do wonders when it comes to selecting the right option.

Directors & Officers Insurance

The experts at Axis Insurance have stated that there are a number of reasons to think about Directors & Officers insurance. Sometimes referred to as management liability insurance, this is a type of policy aimed at protecting decision-makers in business from being held responsible for their decisions. This can be useful when you are looking to protect your upper management from possible issues down the line.

Errors & Omissions Insurance

Similarly, E&O insurance, also called errors and omissions, is designed to protect the business owner from being held liable. As the owner of the business, you want to make sure you do not take the heat if your business runs into trouble. E&O insurance often covers:
Negligence
Malpractice
Flaws with product design
Selecting the best coverage starts with a bit of research. Do your homework and find a plan that suits your needs best.

Please follow and like us:
error

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
Settlements

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

Reimbursement

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.

Please follow and like us:
error

The Benefits of Personal Liability Coverage

No matter how safe your building is or how careful you are as a business owner, accidents sometimes occur. If people get hurt, you may be liable for their injuries. That’s where your liability coverage comes in. If you have a Paramus commercial liability insurance policy, what can you expect it to cover?

Injuries on Property: If a visitor to your building is injured on your property, he or she may sue you for damages.

Your commercial liability policy can cover the expenses associated with the legal resolutions process:

  • Legal defense fees
  • Damages awarded by the court
  • Plaintiff’s legal fees that are part of the settlement

Injuries From Product Use: When your product is put on shelves, there is an understanding that, when they use it as directed, the buyers will come to no harm. If your product causes injury or damages their property, they may need to be compensated for these damages. You need the appropriate Paramus commercial liability insurance to protect you from having to pay these expenses out of pocket.

There are many situations where solid liability coverage can come in handy. When you are responsible for a business, you can’t afford to leave yourself vulnerable. Discuss your commercial liability needs with your insurance agent to make sure you have all the coverage you need.

Please follow and like us:
error

Professional Coverage for Bankers and Financial Institutions

The financial industry is one that carries a great deal of risks, especially concerning the handling of money. That is why these institutions need adequate coverage that provides protection for the business and employees in the form of bankers professional liability coverage.

What Is This Coverage?

Providing professional financial services means institutions, executives and employees are all at risk of liability claims.

Financial institutions choose to select a coverage that helps protect against the following claims:

  • Wrongful acts
  • Misleading financial advice
  • Negligence in performing financial duties
  • Mishandling of funds

While your business may not do the above acts on purpose, the fallout of these mistakes can be devastating for your business and your clients. Having the right protection in place can help mitigate the risks and protect both parties involved in the claims.

Who Does This Protect?

Bankers professional liability coverage is ideal for any size of a financial institution, whether it is a small bank or an international financial office. Your employees, the executive suite and your business overall are protected by this insurance policy, so you can keep providing the financial services you are known for.

If your business is in the financial sector and directly handles client money or accounts, you need bankers professional liability coverage. The risks are too great and the aftermath too damaging to be without this insurance policy in the financial industry.

Please follow and like us:
error

Protections for Your Staffing Business

When running a staffing agency there are many considerations that need to be made to make sure you are operating efficiently and following all the necessary protocol. When done right, you can secure relationships with businesses who will rely on your agency for providing the talent that you pass along to them. While your business is valuable to organizations that are looking for the right workers to fill their vacancies, things can go become unnecessarily complicated among the parties involved if there are any accidents, mishaps, disagreements and disputes. By contacting an agent that specializes in staffing insurance solutions, you can provide the best service possible with minimal worry.

Support From Staffing Insurance

Depending on the types of contracts you work with, you may need different types of coverage. These issues can arise within the agency itself or at the client’s place of business. Some safeguards that may be in your plan include the following:

Injuries and accidents
Protections for temp workers not qualifying for the same benefits as regular employees
Cyber liability
Property damage
Staffing errors and omissions

Regardless of the types of industries your staffing agency serves, these basic coverages can be very useful for minimizing the potential damages that come along with legal repercussions that often result from these issues. Therefore, staffing insurance solutions are not just added protection but a necessity in many cases.

Please follow and like us:
error