Monthly Archives: December 2014

Understanding Errors and Omissions Insurance

The right insurance coverage is crucial to every business. This includes errors and omissions policies, which can spare a business from the financial turmoil caused by allegations of negligence.


Those seeking an errors and omissions insurance quote should keep the following principles in mind when reviewing prospective insurance companies. A firm understanding of policy details will help you choose the best option to suit your needs.


What Is Errors and Omissions Insurance?


If a service provided by your business fails to produce the expected outcome for clients, you could be subject to legal action. In this event, an errors and omissions policy can help mitigate the costs for legal defenses stemming from such allegations. This is important to ensure a business has the means to remain in operation, especially in cases where the alleged damage is particularly severe.


What Do These Plans Cover?


In most cases, errors and omissions insurance will cover the cost of legal fees related to allegations of wrongdoing. This includes any damages awarded, along with defenses costs necessary for ongoing litigation. Because every policy has different coverage limitations, it’s important to review details thoroughly.


Face Exposures Before They Happen


Allegations of wrongdoing or negligence can derail even the most successful businesses. That’s why it’s important for all businesses to seek an errors and omissions insurance quote as soon as possible. This can prevent a great deal of fallout down the line, including lost revenue due to diminished reputation, as well as stiff legal penalties and court costs.

Dog Owners May Have Inadequate Insurance

When disaster strikes, it’s common for people to find their current insurance policy is insufficient. Homeowners and renters policies do not provide coverage for all accidents and injuries that occur at your dwelling. If you have a dog on your property in the state of Florida, you may be liable for any injuries your dog causes. A Florida covered canine policy can help protect you if the unexpected happens.


Your Insurance Coverage May Be Inadequate


Your renters or homeowners insurance may cover some accidental injuries that occur on your property, but it is likely that you will be liable for any injuries specifically caused by your pets. Dog bites are a common occurrence in the United States. Many dog owners don’t realize that they can be liable even if their dogs are provoked or attacked first. Medical bills and lawsuits are both unfortunate consequences of dog bites. A covered canine policy can provide the protection you need when faced with these unexpected expenses.


Adding Dog Bite Coverage


If you are a Florida dog owner, you can qualify for insurance coverage for injuries on your property caused by your pet. A reputable Florida covered canine policy company will offer a free quote. Make sure the company works with all sizes and breeds.


Don’t wait until a dog bite injury has occurred on your property to find out that your current insurance does not protect you. Start planning ahead for the unexpected.  Search for a covered canine insurance policy to protect your property if disaster strikes.

When Medical Professionals May Need Their Own Liability Policy

Medical malpractice insurance is a form of coverage for medical professionals that protects them financially in case a patient ever brings a lawsuit up against them. If you are a medical provider, the clinic or hospital you work at may provide coverage to you automatically. However, there are certain situations that may warrant contacting an insurance company for your own policy.


Questions to Ask


Before contacting an insurance provider for more information about doctors malpractice insurance cost and obtaining a policy, ask yourself the following questions:


  • Do you want to be able to bring your insurance policy with you in case your facility closes or you choose to change employers?
  • Is having your own legal counsel important to you?
  • Does your employer’s policy provide inadequate coverage?
  • Do you regularly give medical advice or care to acquaintances, friends, or family members when you are no longer at work?


If you answered yes to any of these questions, it may benefit you to obtain your own medical malpractice policy.


Don’t Remain Unprotected


Remember, the doctors malpractice insurance cost is well worth the investment. Without proper coverage, you put your ability to retain your medical license and your financial stability at risk. If you haven’t already, you may want to speak with an insurance provider about your coverage options and if obtaining an individual policy would be beneficial to your personal situation.

Protect Your Classic Car With Great Insurance

Insurance is an important part of modern living, and more and more unusual things are able to be insured as time goes on. Some of the oldest types of collectables that were made easily insurable, and are still the top insured vintage items, are classic cars. For more than 60 years, classic cars have been an important part of national and world-wide culture, and car collector insurance is there to make protecting your vintage car investments affordable.


Creating the Perfect Policy


Class cars need to have most of the same insurance that every day cars need, including:


  • General liability
  • Roadside assistance
  • Collision


Some additional options offered by a good car collector insurance policy also includes things like spare parts compensation, medical reimbursement, and comprehensive coverage. It is important to go with an insurance company that understands how occasional your use of your classic is. It does not make financial sense to pay for insurance that assumes you will be driving your car all the time.


Having Confidence in Your Restoration


For enthusiasts, car restoration is more than just a hobby, it is an important part of life. This means that it is crucial to protect the physical value and worth of a classic, but also the time and energy that went into fixing it up and making it road-worthy. Contact an insurance agency that offers vintage car insurance for the best rates and best coverage possible.