Monthly Archives: January 2017

Yacht club liability coverage

How Yacht Club Coverage Can Protect You

Yacht club owners are in a unique position because they wear many hats. From boating to property management to event planning, they must be able to provide marine expertise as well as amenities to their club members. They are also faced with challenges that require a different level of insurance coverage. Yacht club liability coverage can provide the protection that club owners need because it is tailored to the multifaceted nature of their business.

Keep Your Head Above Water

Yachts are not like smaller boats; they tend to have more technology, navigational capability, and luxury features that make them valuable. Yacht club owners take on the responsibility of a level of protection for these vessels when they are docked.

Party Time

Club owners have liability related to the marine aspect of their business, but they also have risk related to serving food and beverage at events, fundraisers, and races. Yacht club liability coverage can include insurance to cover all aspects of the company.

When Catastrophe Strikes

Yacht clubs are vulnerable to storm damage and flooding. In addition, there is potential for an environmental impact due to the vessels themselves, including oil spills or other pollution. General policies may not cover all aspects of damage caused by these factors.

The best way to understand the need and benefits of insurance is by talking to a reputable agent who specializes in yacht club liability coverage. You can get accurate information to make informed decisions about the right policy for your business.

 

Michigan malpractice insurance

Three Reasons Every Professional Needs Malpractice Insurance

Whether you are a lawyer, doctor, dentist, accounting, or some other professional, you probably want to protect your financial assets. If that’s true, you need to have comprehensive Michigan malpractice insurance policy. Without sufficient coverage, you are putting your livelihood at risk. Here are three reasons every professional should have malpractice insurance.

Mistakes Happen

Regardless of how careful you are in your professional practice, you will occasionally make mistakes. If those mistakes cause your clients harm, you might be financially liable for their injuries. Errors and omissions coverage can help protect you, as it offers protection for things you do wrong or forget to do altogether.

Litigation Is Expensive

If you are the target of a lawsuit, you can expect to pay an incredible amount of money to defend it. Even worse, fighting a lawsuit can bring your professional practice to a virtual standstill. This is true whether you are responsible for the injury or are ultimately exonerated. A comprehensive professional malpractice policy can insulate you from a lawsuit.

Peace of Mind Is Valuable

Effective professionals can focus on building their practice without worrying about liability legal actions. That’s worth something.

If you are a professional, you should have Michigan malpractice insurance to protect your practice from lawsuits.

business insurance in Florida

Two Types of Insurance Every Business Needs

Small businesses and their owners are at more risk for lawsuits than others in the community. Because they have both business and personal assets, small business owners also might have more to lose than others. If you own a business in the Sunshine State, you need to be sure you have great business insurance in Florida. Here are two types of insurance every business needs.

Liability Coverage

There is no question that lawsuits are on the rise. Damages from a finding a negligence can be extraordinarily high, ruining a small business. Even if a judge or jury ultimately finds that your company was not at fault, the expense and inconvenience of defending a negligence suit can bring any company to a standstill. For this reason, smart business owners purchase liability coverage. Depending on the nature of your company, you might want to purchase a business liability, products liability, or professional liability plan. In some cases, you might need all three.

Property Insurance

Protecting your business’s physical assets is probably a priority. When buying a policy, make sure you get coverage for any buildings, inventory, equipment, furniture, and other physical assets you use to make your business a success.

While there are many types of business insurance in Florida, smart business owners have at least these two types of coverage.

 

professional liability insurance in Austin, TX

How Professional Liability Rates Are Determined

When a policy for professional liability insurance in Austin, TX, is being drawn up, the agent will look at a variety of factors to help put together the cost of the policy. While the amount and type of coverage do play into the final rate, they are not the only factors. In fact, there are three main factors that are considered to tailor a policy cost for each professional.

Claim History

A company will always look at your claim history. If you make a lot of claims, it will raise your risk because it makes you more likely to submit more claims in the future. Any claim made costs your insurance company money.

Your Procedures

The company wants to see that you have procedures in place to protect you. They want you to be proactive and to be doing everything you can to make sure that you don’t have any claims filed against you.

Your Practice Area

The professional area you are in will also affect costs. This is because some professionals are more likely to have cases brought against them than others.

While you can’t control many of the factors that will be used to determine the cost of your professional liability insurance in Austin, TX, being aware of them can help anyway. It is always nice to be able to understand why you are being given a specific price.

Glen Rock home insurance quote

Reasons to Consider Paying Home Insurance in Full

If you’re buying a new home, you’re likely thinking about the best ways to protect it. Getting a Glen Rock home insurance quote is most certainly a great first step in safeguarding your home and everything in it, but paying your insurance in full is an equally good way to protect your finances.

As with most types of insurance, you have the option of paying for a home policy in monthly installments or in full. Before automatically paying each month like most people usually do, consider paying your policy in full. If you’ve got the financial resources, or the time to gather the financial resources, paying your policy in full can net you a great discount. Know that you’ll likely be charged an extra fee for the convenience of paying every month, a fee that turns into a discount when paid in full. That’s extra money you can funnel back into your home or either spend or save as you see fit.

If you can’t pay your policy in full, choose the month-to-month option for now, but try to start saving up for your next policy period so you can take care of it in full. Imagine how great it will feel to have one less bill to worry about each month.

As you call around for the perfect Glen Rock home insurance quote, be sure to ask agents how much you can save by paying your policy in full. You’re sure to thank yourself later.

 

drywall workers comp

Four Workers Comp Tips for Drywall Workers

If you are a small business owner that offers construction or artisan services, you are probably constantly looking for ways to keep your workers compensation rates low. Fortunately, there are some things you can do to keep your drywall workers comp rates in the reasonable range. Here are some suggestions.

Train

With drywall work, it can be tempting to think that your workers know what they are doing without any training. You can, though, give your crew tips for ensuring a safe workplace. These can range from ergonomic bending techniques to general workplace safety trainings.

Promote Safety

As a small business owner, you can do many things to promote the safety of the jobsite. Removing slipping and tripping hazards, promoting ergonomic movements, and supplying the right equipment are all great ways to promote safety at the jobsite.

Require Equipment

Many drywall technicians have a method for doing their job that may or may not use the appropriate equipment. Your job is to require your crew to wear appropriate safety gear and use proper tools. Protective gear can only do its job if your crew wears it.

Talk

Make sure you keep an open line of communication between you and your workers, so that you can do what you can to promote a safe work environment.

By following a few simple suggestions, any small business owner can keep drywall workers comp insurance rates in check.

Florida small business insurance

Every Small Business Needs the Right Insurance Coverage

If you are a small business owner, you have a lot to think about. While most of your focus probably goes into doing whatever you do that makes your small business great, you should take some time to think about your insurance needs. As a small business owner, you have company and personal assets that might be at risk if you are underinsured. When shopping for Florida small business insurance, make sure you get the right coverage to protect you.

Property Insurance

When purchasing insurance, make sure you have enough coverage to protect your business property from damage. To do so, ensure your policy covers all buildings, equipment, furniture, and inventory involved in your business.

Liability Insurance

Even if you do your best, your company might be the subject of a lawsuit. Depending on the type of business you do, consider protecting yourself by adding business liability, product liability, or professional liability coverage to your policy.

Other Insurance

While property and liability coverage are the most common types of Florida small business insurance, many companies need extra coverage as well. Plans that cover vehicles, employees, cyber security, and other matters all might be part of a comprehensive insurance scheme.

Protecting your small business is a probably a priority for you. If you purchase sufficient insurance coverage, you will have peace of mind that your company is safe.