Monthly Archives: June 2016

hired non owned auto

Reasons to Insure Hired Drivers

Staffing drivers can be a lucrative pursuit, but it is often attached to a number of less favorable liabilities. If your agency deals with hired non owned auto positions, you should consider securing coverage for the car and driver. A policy can protect against some of the most common and costliest incidents.

Get Coverage in Case of an Accident

You can be held liable for damages incurred from an accident involving your employee. Even if it is a hired non owned auto, if you employ the person involved in the crash, you may be held responsible. A staffing insurance policy can protect you from this by providing coverage for accidents. Rather than insuring just the employee, coverage extends to the vehicle and damage incurred.

Policies Can Be Obtained Individually

Separate policies means you can enjoy separate limits for each of your insureds. In this case, if you are contracting coverage for an agency employee who is driving, their limit is calculated and charged separately from others. In many cases, this can result in lower rates.

Improve Client Relations

Your clients rely on you, and if their position entails driving, they want to place full trust in you. Insuring your employees shows them that you are the safe and reliable choice.

Connecticut homeowners insurance

Getting Acquainted With Your Homeowners Insurance

Insurance is not simple. Whether you’re purchasing Connecticut homeowners insurance or you’re already covered, it’s important to know your policy. The more you know, the more able you are to strike a balance between staying safe and saving money. Here are a few basic points to consider when looking over your policy.

Don’t Underdo It

It can be tempting to choose the cheapest option out there because saving money in the short-term feels good. However, the feeling of saving a buck now can lead to severe losses in the future. According to a 2008 survey by Marshall & Swift/Boeckh (MSB), 64 percent of U.S. homes are undervalued with regard to insurance. Moreover, of that 64 percent, the average person only has enough insurance to reconstruct 81 percent of his or her house.

With these numbers in mind, it’s imperative to thoroughly research your Connecticut homeowners insurance and to calculate what it would cost to rebuild your home. This is particularly true if you consider the potential effects of a New England storm like Hurricane Irene, which destroyed its fair share of houses in 2011.

Don’t Assume

Another important part of assessing your homeowners insurance is flooding. Sometimes people assume that flooding insurance is included, but this is not always the case. If you aren’t sure, you can contact your insurance provider to get more information. They will be able to help guide you in the right direction. In the end, you want to be certain that you have all the information you need to make the right choices.

 

 

 

 

 

 

workers compensation insurance companies

Protecting Your Business With Workmans Comp

Workman’s comp insurance is something that every business should be equipped with. It can be a great source of protection in the future if anything should happen. At the same time, it can be difficult for a small business to obtain this kind of coverage. They face various challenges that are unique to a new startup. It is important to find workers compensation insurance companies that know how to address your needs.

Some insurance providers out there can be highly selective when it comes to choosing clients. They may want to base themselves primarily in a certain niche area. This can be an advantage or a disadvantage depending on how well you fit what they are looking for. The company may be reluctant to take a risk on an establishment that is just getting started. It is important to find a provider that knows what it’s like to work with newer companies. They can also work with you to prevent accidents as much as possible and ensure that your safety practices are thorough and up to date. At the same time, if an accident does happen, you will have the right protection in place.

Workers compensation insurance companies are ready and waiting to provide the kind of comprehensive policies that you are looking for. The provider that you choose to go with really matters. Make sure they know what is at stake, and can cater to your needs.

flood insurance in New Jersey

Proper Flood Preparation

Would you have any idea of the first thing to do if you learned an imminent flood was headed your way? Even if you have flood insurance in New Jersey, there’s still a lot more you can do to minimize your losses while maximizing your safety as well as the safety of your family.

Get Your House in Order

If possible, move your furniture, essential documents and valuables to a safe place, make sure your sump pump is in good working order and install a water alarm in your basement in order that you’ll know if water has started to infiltrate.

Protect Your Possessions

Should you hear even a hint of there being a potential flood, take measures to safeguard your valuables. This means making sure you have hard and electronic copies of your policy for flood insurance in New Jersey as well as your agent’s contact information. Go through your house and thoroughly document all valuables that might become damaged and that you’d like to replace.

Outline a Flood Emergency Plan

Now that your home and belongings ready, you want to do the same for yourself and your family. See if an out-of-state friend or family member is willing to be your emergency contact; know all safety exit routes from your home, work and school; and gather an emergency kit packed with bottled water, canned food, a flashlight, thick blankets and a first aid kit.

While you may not be able to prevent a flood, you can most certainly prepare for it.

New Jersey errors and omissions

Getting the Most Out of Your E&O Coverage

When you are running a professional firm, your clients are entrusting a significant portion of their well-being to you. While mistakes can happen to anyone, when they occur in a professional setting, they tend to have far reaching consequences and may result in claims against your firm.

Assessing Likely Risk

If you are an attorney or an accountant, errors can result in serious financial losses. Architects, builders and engineers are aware that incorrect filings, plans or designs can compromise the safety of the client’s structure and can lead not just to monetary loss but also to property destruction and even personal injury.

How to Tailor Your Policy for Optimal Coverage

When choosing a New Jersey Errors & Omissions policy, speak with your provider about the specific types of risks that you face in order to ensure that your coverage is sufficient. While an accountant has little reason to worry about a personal injury action based on professional negligence, such a claim presents a significant risk for a builder. Other factors include the size of your firm, the qualifications of your personnel, the safeguards and compliance protocols you have implemented to prevent errors, your typical client population, the location of your premises and more. An experienced insurer can provide an optimally accurate risk assessment and advise you as to the best policy for your firm.