The Advantages of Commercial General Liability Insurance in Florida

You are the owner and operator of a small business here in the Sunshine State. During your daily business routines you’ll likely interact with employees, contractors, clients, vendors, and others that serve your interests or purchase your products or services. If anyone one of them has a bad experience they could claim that your company was responsible for any injury or loss they may incur and take up some type of legal action against you. Whether this requires a defense against claims of property damage, bodily injury, libel, slander, or some other legal issue, a florida commercial general liability insurance policy can provide you with the coverage you need.

What is commercial liability insurance?

In the simplest terms, commercial general liability (CGL) insurance protects small business owners from a wide range of claims related to their business activities. The indemnity provided by a liability policy helps business owners cover the costs associated with mounting a legal defense as well as any settlement costs. In addition, many small business owners find that clients will require them to have this policy before they will sign a contract. They want the peace of mind associated with knowing that they’ll be protected if and when something does goes wrong.

Having the right coverage amounts in place can make a significant difference in your ability to negotiate with new clients and bring in additional revenue. A CGL insurance policy also helps protect a business by providing the financial resources necessary to keep it operational when unexpected events (such as an injury leading to a lawsuit) cause a possible financial strain on the business.

A CGL covers property damage as well

The fact remains that many companies become involved in a lawsuit at one time or another and even with everyone practicing safety and being alert as well as careful to take all the necessary precautions, it’s still possible that something bad could happen. It’s even worse when it results in damage to another person’s property. In any case, a florida commercial general liability insurance policy must be in place to compensate for any resulting physical damage to any person’s property.

Your Business Needs Self-Service Laundromat Insurance

Operating a laundromat can be a financially rewarding experience, but like most businesses, there are risks and exposures you must consider as well as the need for a plan to deal with issues of safety and risk management. A great deal might be at stake should anyone become seriously injured on the premises, and therefore you need to make sure that you’re properly protected with Self-service laundromat insurance.

Laundromats are viewed as a friendly neighborhood business frequented by locals, often single people without laundry facilities at their residence. Families unable to afford a washer and dryer also look to these havens, as well as anyone that owns a washing machine currently in need of repair. Finding the right location is an important part of the success or failure of any business, so be smart and do a little research before settling on a property.

Research can help determine if the neighborhood is safe

Some neighborhoods are safer than others. Employing a security guard might be worth your while, especially during evening hours. With various people coming and going on a daily basis your concerns are real. Having security cameras that monitor what goes on during business hours will also help by making recordings available so that, if an incident does occur, you’ll be able to give more details of what happened to authorities.

Operating within a safe environment is equally crucial, since there may be the possibility that someone could be hurt by equipment, or safety concerns like uneven flooring. Children tend to run around, which increases the likelihood of trips and falls that could lead to serious injuries. Also, touching the inside of a hot dryer could lead to someone being badly burned.

Posting signs is one good way to make people aware that certain activities (such as running and horseplay) are not permitted. Even with careful planning and the best of intentions, most laundromat owners will experience issues due to some form of mishap or injury taking place while running a business of this type. Most insurance companies offering Self-service laundromat insurance coverage are able to provide you with a policy at competitive prices, but they really need to analyze each unique situation in order to ensure that owners are getting the protection they need.

Orlando Business Insurance Needs

For those who take pleasure in owning and operating a small business there are many exposures that need to be addressed. A lot can happen during the course of just one day that could result in an injury, a work stoppage due to mechanical breakdown, or you could be slapped with a lawsuit, any of which could greatly affect your bottom line. If a natural disaster happens to hit your business, like a storm or an earthquake, and cause major damage to the building, do you have a plan for rebuilding and getting things back to normal? How about an employee sustaining an injury or illness that require six months or longer to heal before they can return to work?

To a small business owner who is unprepared for any of the types of events listed above, the inability to continue producing products or provide services could be crippling. A lawsuit brought on by a customer or vendor could be devastating to your business as well. Orlando business insurance can and will provide the necessary protection needed in the event that any issue covered by the policy puts your business at risk. There are policies available for property damage, business interruption, workers compensation and any and all liability issues.


How much insurance is required?

A review of the company’s assets and liabilities is a good starting point to determine exactly how much and what types of coverages are needed. As a business owner, you shouldn’t spend a great deal of energy on some of the smaller details as they’re better left to a manager or supervisor. Your focus should be on the important work of protecting your company for the long run, creating vision and key strategies that will lead to a healthier work culture – things like building a loyal customer base, creating trust and accountability, and developing competent leaders, supervisors, and staff.

These are problems that may need your immediate attention and some form of action to resolve the situation. But there may be occurrences, for example, a radio ad doesn’t run properly, or an assistant manager suddenly quits, that shouldn’t have the same impact as far more serious and complicated issues (inadequate coverage for certain perils) that could wind up costing far more. Consider these important factors when shopping for Orlando business insurance for all small business needs.

Crime Coverage and Yacht Builders Insurance Wholesalers

Insurance brokers understand that economic pressures can affect many different industries, and among them are their clients in the boat and yacht building industries. Trusted employees having a difficult time keeping up with bills and other personal expenses may become prone to committing dishonest acts including stealing from their employers. Employees caught in the act will often explain away their actions for what they feel are many sufficient reasons, including not having the resources or income to support their lifestyles.

Crime coverage, available through yacht builders insurance wholesalers, can often cost as little as $300 for up to $100,000 in coverage, this of course depending on the size and type of business activity, along with other underwriting considerations. While employee theft often involves having access to cash, they may also resort to stealing various items they have access to.

In the yachting industry there are many other items of value that may be stolen, including office machines, vault securities, warehouse merchandise, tools and other items in the inventory of the business they work for. Losses involving equipment, supplies, or merchandise can add up to thousands of dollars or more. Most businesses would have a difficult time dealing with such losses over time.

Desperate times, desperate measures

To an employee experiencing heavy financial burdens and responsibilities any product can seem valuable enough to steal, especially when a sufficient quantity can be taken over an extended period and often going unnoticed for months at a time. Surprisingly, an ongoing theft could span three years or more without being detected by owners or supervisors.

Crime coverage can help your client to better secure their business by providing protection for and against:

  • Employee Theft
  • Depositors forgery or altercation
  • Theft of securities and other property
  • Computer fraud
  • Funds transfer fraud
  • Money orders
  • Counterfeit currency
  • ERISA plans
  • Credit, debit, or charge card forgery, and
  • Robbery and safe burglary coverage

Don’t allow your clients to leave themselves open to losses of this kind that could seriously reduce their profit potential. Having crime coverage through yacht builders insurance wholesalers is worth the cost of the policy when you consider all that is at stake.

Dog Bite Insurance Can Save You Money

As most dog owners fully realize, they will likely be sued if their dog ends up biting someone, especially if it leads to an injury claim. After all, these types of claims occur all of the time, and typically account for more than a third of all dog bite insurance liability claims paid out. This is according to the Insurance Information Institute (III), and they keep this type of information on record for public knowledge.

That statistic seems fairly consistent, as it has been over the last decade or so, according to III. They’ve also reported that the number of claims averages around 15,000 to 16,000 annually over that same period of time, and with the average cost of a claim running in the tens of thousands of dollars or more (due to the increase in medical costs), it’s important for all pet owners to carry dog bite insurance to aid in the costs for these injuries.

Ways to prevent dog attacks

The last thing you want is to be sued because your pet bit someone, inadvertently or otherwise. And let’s face it, no one wants to become the victim of a dog bite. Choices as to the type of dog you buy factors into this, though no one can tell you what type of dog you can own. However, proper training can really help in the prevention of dog attacks. We suggest that you have your dog spayed or neutered, and seek professional advice if your dog develops any type of aggressive behavior. Also, discouraging children from bothering your dog when it is eating or sleeping is extremely important.

Avoid becoming a victim to a dog that is a threat

To avoid becoming a potential victim, we urge others to never approach a strange dog, especially one that’s tethered on a leash. Avoid making eye contact with a dog that appears threatening, since many dogs can sense fear. You shouldn’t run past any strange dogs, so either turn and walk back the other way or cross the street.

Owners and pedestrians should keep these safety tips in mind since they can reduce the odds of a dog attack, but all dog owners need to invest in dog bite insurance. Speak to a reputable agent today and protect your many valuable assets.


Daniels Insurance and Construction Crime

The construction business is fraught with issues stemming from theft and crimes like vandalism. These can slow down the progress of the project and this adds up to costly delays. As a contractor you realize that could be the difference between making a profit and sustaining a loss. Your ability to control theft and vandalism on the site are vital to the success of the job. Unfortunately you can’t be everywhere, and when the site closes down for the night is when your equipment is most vulnerable.

When losses occur due to crime or theft, you’ll need the protection of a construction policy tailored to meet this specific coverage need, and Daniels Insurance can provide the type of policy that you need. In the meantime, these suggestions on efforts to control job site security and assistance in identifying major sources of crime losses should be of some help. You should focus on implementing these measures for controlling such losses.


Establish some general safety guidelines

You can start by creating and posting a written security policy. Then, develop a job-site security plan, assign supervisory security responsibilities and encourage security awareness among all workers. Require prompt reporting by workers of any incidents of theft and vandalism that occur and launch an investigation immediately. Report all losses to the police immediately, and maintain complete records of all security incidents.


On-site security measures are extremely helpful

Make sure that you provide limited access to the site at all times, preferably with gates secured by locks. Check the site out at the end of each day before securing it, and whenever possible, enclose the job site with a security fence and make sure that there is nighttime lighting on the site. It’s also a good idea to post warning signs to keep out unauthorized persons. If feasible, hire security guards and have them patrol the site on designated rounds.


Secure all tools, materials and equipment

You might also want to establish a program for verifying all deliveries. Consider utilizing a secured area within the site for equipment storage and maintain an inventory control system for all equipment, tools, and materials. Mark all tools and equipment to allow for easy identification. While this should greatly help reduce theft and crime, when items do go missing, Daniels insurance for contractors and construction companies can help cover the replacement costs.

Why Liquor Liability is an Essential Addition to Your Venue Insurance Policy

Alcohol and its resulting behavior remain a hot button issue, and despite growing awareness regarding drunk driving, people continue to get behind the wheel after leaving bars, nightclubs and other venues intoxicated, and as the business owner you could be held responsible. As a result, you want to make sure that you are adequately covered against lawsuits in your venue insurance policy.

How Are You Considered Responsible?

Many states possess laws that hold a business responsible for serving a visibly intoxicated individual. Additionally if that individual subsequently causes damage to others or himself, you are held accountable. This is true even after an individual has left the premises. Therefore, if he gets into a fight in a nearby park or causes a drunk driving accident on the way home, you are put on the line. While you may feel that you have adequately trained your employees, these events are extraordinarily common.

What Will You Need In Liquor Liability?

As you begin shopping for an appropriate liquor policy, you will want to make sure that all of your potential legal and liability costs taken care of. Make sure that it not only covers drunk drivers, but also assault and battery. In addition, to protecting you against physical damage claims, you will also want to look into a policy that addresses mental damages. Additionally, you will need defense coverage to address legal costs in the event of a trial, and finally you will want to make sure that your employees are covered in the event that they drink on the job. Finding a comprehensive venue insurance plan will help you avoid major issues down the road.

Examples of Construction Manager at Risk

A Construction Manager (CM) project delivery system is based upon an owner’s agreement with a qualified construction firm to provide construction leadership and perform administration of the project as well as management within a defined scope of services. The construction management project delivery system is further refined by the amount of risk the CM assumes in performance of those services.

It takes a collaborative effort by the owner, architect and construction team to bring a project to a successful completion. This is the key to achieving the desired result for every construction project since each situation is unique unto itself. Projects often fail because of a lack of communication between the governing bodies, which brings up the subject of coverage for a construction manager at risk. The CM will often take the blame when a project undergoes lengthy delays.

The architect and the owner can also be responsible, due to poor planning or lacking the necessary funds to complete a project in a timely manner. When such issues present themselves, a good line of communication can often be a remedy to what might otherwise become a volatile situation. No one want to be considered at fault when they in fact had no control over certain events, but this often happens when one hand doesn’t know what the other hand is doing.

How conflicts expose flaws in the management process

When conflict between the owner versus either the contractor or architect exists, this is the type of situation that can ultimately affect project delivery. The alternative is construction manager at risk (CMR), a delivery method that is designed to align designer and builder to collaboratively serve the owner’s best interests.

With construction manager at risk, a contractor is under contract by the owner during the entire design process to assist in pre-construction project management services and then also to act as a general contractor during the construction process. The architect is on a separate, parallel contract with the owner, making sure that the product fits within any predetermined specifications.

In summary, the contractor is responsible for the execution and control of the work and subcontractors are bound by subcontracts to them. Examples of construction manager at risk would include performance and financial stability of subcontractors and vendors, fluctuations in material prices, schedule adherence, weather, construction means and materials, quality and other non-reimbursable general contractor delays. For questions and concerns, speak to an agent familiar with the inner workings of the construction industry.

Planning is Key to any MA Risk Management Strategy

Risk is an unavoidable part of doing business as the owner of every company knows. Despite the various exposures that most business owners face, this is something that is both manageable and controllable. This is a challenge that requires some time and perhaps some trial and error as well, but finding a fine balance between profitability and loss control is essential to success.

While it is improbable to eliminate risk completely, the idea is really to try to lower the odds associated with everyday issues. Policies involving risk management for MA companies that are enacted in an attempt to fully eliminate risk may actually do more harm than good, so first it is important to set some realistic goals.

The importance of a sound risk management strategy

The common concept of risk management among many small business owners involves the simple process of purchasing some form of insurance protection. While vital, it is important to consider other aspects of protection as well. Risk management is much more complex than simply purchasing insurance; it requires implementing rules and evaluating how well a plan or strategy is actually working. These are both necessary parts of every plan. However, there are still other things to consider as well:

  • Implement a regular comprehensive loss analysis. Every owner can learn from past experiences and put resources where they’re most needed and can be most effective.
  • Identify the true costs of losses and then translate these costs into sales dollars. This can be very useful information for deciding on future allocations of resources, which can help in reducing or eliminating losses.
  • Do some research and check web sites, trade literature, loss control professionals, and other resources that may offer some assistance. Insurance carriers, agents, and trade groups can also offer potential sources of information and provide assistance.
  • Perform a material handling assessment. Moving materials is typically a “non-value-added” activity. This often leads to high-severity losses.
  • Do an ergonomic assessment. Improving ergonomics can lessen worker fatigue and this can lead to an increase in productivity and efficiency.

Implement a MA risk management strategy for managing changing conditions. With new technology comes a change that may reduce risk management expenditures that may prevent losses as well. Finally, discuss safety issues at management meetings, and review product safety since this is a problem that can have a significant impact on the business. Focus training on reducing specific losses and monitor any and all success.

photo credit: jDevaun cc