Monthly Archives: October 2013

The Purpose of Hired Non Owned Auto Insurance


Hired Non Owned Auto

Hired non owned auto insurance deals with any expenses related to accidents caused by vehicles that are rented or borrowed by the policy holder, or driven in the context of errands performed for the policy holder’s business. It will cover court expenses as well as the excess medical expenses not paid for by the personal auto insurance policy held by the driver of the vehicle involved. Its main purpose is to protect businesses from significant expenses resulting from accidents when employees use their own cars for business-related reasons. It is recommended that business owners purchase this insurance even if they don’t expect to borrow cars or have employees run errands frequently.


Saving money on car rentals


Hired non owned auto insurance is most commonly purchased by business owners who rent cars on business trips or whose employees run errands for them, but it can also be purchased by non-business owners who rent cars on a regular basis. If you fall into the latter category, purchasing this type of insurance can help you save money on car rentals because you won’t have to purchase the rental company’s coverage, which is often more expensive. In fact, renting a car for more than ten days in one year can be a good reason to purchase hired non owned auto insurance.


Whether you’re a business owner or a frequent car borrower, you should consider protecting yourself against expenses that may arise from accidents occurring with your rented vehicle or one that you avail yourself of but do not own.

What Does Higher Education Insurance Cover

Higher education insurance

Higher education insurance

Institutions that provide higher education face a myriad of risks due to their extensive daily operations. It is important to identify the needs of an institution and get higher education insurance to cover every instance of potential exposure. Doing so can help control costs and give leadership peace of mind.


Coverage Points


There are a number of areas that fall under higher education insurance. Consider all the activities that a university encompasses from student activities to property and facility management. Therefore, it is important to have a comprehensive insurance policy that includes the following:


  • General liability
  • Umbrella coverage
  • Automobile
  • Property
  • Abuse and molestation
  • Accidental death and dismemberment
  • Educator legal liability


Depending on the company, other items may include child care, security, pollution and athletics coverage. It is best to consult with insurance professionals to help secure the protection a specific entity needs.


Customize Your Plan


When shopping for a higher education insurance plan, look for a company that can provide coverage for every aspect of the university’s needs. Some companies offer plan customization, so the institution only pays for what it needs. This can provide a cost savings while still insuring valuable assets. A specialist can help institution staff outline potential areas of risk and provide suggestions for how to manage each item. Higher education institutions face unique insurance challenges, so finding a flexible provider will be important to guaranteeing adequate coverage.

Beyond The Norm: Dynamic Internet Marketing For Insurance Agencies


Insurance Marketing

An effective Insurance Marketing plan Involves a wide encompassing approach that is specifically tailored to a business’s unique needs. Too many businesses make the mistake of overpaying someone to build their website only to let the site go stagnant and ineffective. A professional internet marketing plan will ensure that a business’s web presence is optimized to attract new customers and properly serve current customers.

What Does an Effective Internet Marketing Involve?

Social media has rapidly become one of the most affordable and effective marketing tools. A professional marketing service will customize and maintain your social media pages to effectively disseminate information and create an inviting community for users.

Evidence Based Keywords

A professional Insurance Marketing service also creates effective keywords for a business’s website that are customized for the business’s services and products. Proper keyword development is based on research in order to determine what keywords will work best to boost search engine rankings.

Professional Content

Google and other search engines favor websites that are professionally designed and use premium written content that is relevant to that individual business. An experienced internet marketing provider also sets up websites and social media pages so they are user friendly and easy for the business to update.

Social media, keyword usage, and professional content are just a sampling of the extensive marketing plan that a professional service creates for a business. Given the competitive nature of the insurance market, having an effective internet marketing plan is something that no business should go without.

What is a Bid Bond?

Bid bond

There are many different kinds of bonds; if you or your company regularly bid on projects as part of your day-to-day work activities, it is likely that you have come across bid bonds. This kind of bond exists between the owner—or person requesting bids—and you, the bidder or contractor. Typically, the bond covers anywhere from 5% to 20% of the amount bid.


When you bid on a contract, you are competing with other businesses to earn that contract; the lowest bidder is awarded the job. When an owner requires a bid bond, it is for two reasons: first, to prove that you are qualified by a third party bonding company to deliver what is required of you for the project. Having the ability to obtain a performance and payment bond in the event of being awarded the job instills faith in the owner that you are capable of performing as necessary. Second, it ensures that you as the bidder, should the owner select your company to do the work, cannot renegotiate the amount you have bid.


As part of the agreement between you and the bid bond company, you agree to forfeit the bond amount if you decide to back out of the deal. Therefore, should the owner select your bid, but for whatever reason you are not able or willing to commit to the terms you initially agreed to, the owner will then call the bond. The amount being called will cover the difference between your bid and the amount of the next lowest bidder.