Individual OC insurance comes in a long list. A vehicle, home, medical and insurance for natural disasters are only to name a few. The purpose of personal insurance is to protect you and your family, no matter your lifestyle. With the right policies, you can protect your home, health and other assets. Yet, knowing how vital it is, do you know how to choose quality insurance? Not to worry, he’s a guide to choosing the right insurance group.
When it comes to personal insurance, your lifestyle should weigh heavily into your decision. Who better to help analyze what type of insurance fits your life and goals than someone who is tied to the same community?
Code of Ethics
An OC insurance group should have its code of ethics easily accessible. To know if a provider is going to be the perfect fit, you have to know if they’re ethics align with yours. How do they view their customers? Their clients should have a stressed importance, rather than being considered a commodity.
Choosing a personal insurance provider is a serious and important decision to make. It doesn’t have to be daunting, however. These types can make it easier for you to find a provider that aligns with your ethics and lifestyle.
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.
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
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.