Monthly Archives: April 2015

Why Transportation Intermediaries Need FDA Re-Inspection Fee Coverage

Businesses that deal in third-party transportation or logistics must deal with complicated issues on a daily basis. Besides having to remain aware of economic fluctuations on a world-wide scale, it also is the responsibility of transportation intermediaries to keep up with and respond to new and existing regulations imposed upon them. Many protect themselves with FDA Re-Inspection Fee Coverage.

The United States FDA charges a re-inspection fee to cover its own costs anytime an overseas facility fails to pass its initial inspection. Reasons for failure can include any number violations that potentially make the products manufactured there unsafe for consumers once they are imported. In theory, the client or owner of the facility at fault should of course pay this expense. In the real world, however, many clients cannot or simply refuse to pay. In these cases, you, the U.S. agent, can be held liable. This expense can be especially devastating to small businesses, who are held fully accountable and not charged a reduced rate based on their size or income.

Luckily, you can protect your business with FDA Re-Inspection Fee Coverage, which covers the cost of the hefty fee incurred in the case that you are found liable. This type of specialized insurance is not available everywhere. Because cargo insurance and transportation liability are extremely complicated issues, they are best handled by insurance providers who specialize in meeting the needs of transportation intermediaries and providers of logistics services.

What Is ATA Carnet Insurance

ATA Carnet insurance is absolutely essential for many different types of international travel and business, but many people are unfamiliar with this type of customs document. So what exactly is a carnet, and why is it so important?

Merchandise Passport

An ATA carnet, pronounced car-nay, is also called a merchandise passport. ATA stands for Admission Temporaire/Temporary Admission, combining both French and English. A carnet allows you to avoid paying duties or taxes on items that will be within a country for less than one year. More than 90 countries around the world accept carnets in order to facilitate international trade; each nation has its own body to oversee the carnet system.


Many different people, groups, and businesses can take advantage of carnets, including manufacturers of virtually any product, shipping companies, and universities and hospitals. Those whose work requires them to carry special supplies or equipment with them, such as trade show exhibitors or photographers, can benefit, as well as entertainment industry groups like circuses, television networks, and musical groups.

Covered Goods

Carnets can cover just about any type of product, ranging from construction tools to exotic animals. Generally they are divided into three groups:

  • Commercial samples, involving items that will be used for demonstration purposes
  • Professional equipment
  • Exhibition and fair materials

It’s important to get your carnet from a company that is familiar with the system so that you can do your business without worrying. ATA Carnet insurance is incredibly useful for international business.

The Importance of Directors and Officers Insurance to Non Profit Organizations

While it may seem unlikely, board members of non profit companies run the risk of incurring great personal liability should a lawsuit be brought against them. That’s why securing a suitable directors and officers for non profit companies policy is to important to those entities involved in not-for-profit work. A D&O policy will protect trustees from incurring huge amounts of personal debt related to legal issues, which can devastate an organization indefinitely.

Risk Management Is Key

Managing risks is a concern for virtually every business, but it is particularly important when dealing with non profit organizations. Implementing a directors and officers policy for non profit companies is just one aspect of risk management that can greatly reduce the negative impact of pending litigation.

Unlike for-profit businesses, directors of non profit agencies often have less personal wealth due to the nature of their work. As a result, these individuals are greatly exposed to severe financial damage stemming from allegations of wrongdoing. Not only can this affect the person in question, it can also impact a charitable organization itself.

Mitigate Legal Fallout With the Right Insurance

The above illustrates just how important it is for non profit organizations to remain protected from a legal prospective. Such comprehensive protection can be afforded by securing suitable directors and officers for non profit companies insurance. The right policy can provide directors the confidence to make those decisions necessary to keep a non profit company operating no matter what.

The Inner Workings of Underwriting

Underwriting is a process that is important when it comes to both making investments and issuing insurance polices. Simply put, an underwriter is paid to assume a potential risk that coulld accompany whatever transaction is being done. The success of the arrangement depends on the underwriter’s ability to keep their initial promise. Trinity underwriting managers are some of the best at doing just that.

In the world of investment banking, underwriting occurs when bankers represent governmental or corporate entities by selling their securities to the public. A minimum price is agreed on, and if the asset cannot be sold for that amount, then the banker must take the loss. You may be more familiar with underwriting in the insurance sense. This is where a provider pledges to take on the financial risk of an incident occuring, such as the repair costs after a car accident. Just like with investment banking, the terms of this arrangment are agreed on by the provider and their client.

Trinity underwriting managers have the years of experienced necessary to fulfill all of a business’s underwriting needs, no matter the circumstances. Whether your interests are related to investment or insurance, they will be able to point you in the right direction. Their willingness to understand the situation and provide the best possible solution is what sets them apart from the rest.

Ways to Get Auto Insurance Discounts

If you’re looking for an insurance company in Orlando to help you get the best rate possible on your auto insurance, you should be aware of the ways by which you are eligible for discounts. Knowing this helps your insurance company can serve you most effectively.

Auto insurance discounts are often based on a driver’s past performance, meaning the better your record is, the more favorable rate you can get. This is the most common way to get a good rate on your car insurance. You can also get reduced monthly rates depending on the type of vehicle that you are insuring. If you have a newer vehicle with a great safety rating, you are more likely to get a discount than if you have an old vehicle with a poor rating.

If your child is in high school or college and receives high grades, he or she is eligible for good student discounts on your policy. This is also related to the reduction in your insurance bill for multiple line discounts. This basically means that if you have multiple policies bundled together in one package, you can save money just as if you were buying food or other goods in bulk.

With all these ways to reduce your auto insurance costs, it makes sense to work with an experienced insurance company in Orlando. You may be surprised at the discounts you are eligible for, so look into it as soon as you can.

Could Your Business Benefit From Large Deductible Workers Compensation Insurance?

As a business owner, how much are you spending to offset the potential costs of an injured worker every year? While it’s important to cover yourself against potential major expenses, no two companies have the same insurance needs. The key decision that you’ll have to make is whether the potential savings are enough to offset the money your company will pay if someone has to file a workers compensation claim. Here’s how a large deductible plan works, and why it might be right for your organization.

Lower Monthly Bills

The flexibility that these types of plans provide comes from the fact that you don’t have as much money tied up in monthly premium payments. Yes, an accident can happen anywhere, but if your workers aren’t regularly put in harm’s way, the likelihood of a mishap diminishes greatly. Instead of allocating precious resources to deal with a problem that is only a rare possibility, a large deductible policy allows you to save money now to fix a situation after it actually occurs.

When Does it Make Sense?

If your employees specialize in working with heavy machinery or performing hard physical labor, a large deductible plan probably isn’t right for your company. When workers spend the whole day in an office, the likelihood of an injury goes way down, and that’s where policies like this can shine. Research and consultation is the best way to get the most out of your workers compensation dollar.

Preparing for the Future With Medical Practitioner Disability Insurance

Medical practitioners spend years learning how to take care of their patients. Medical students will acquire an average of $156,000 dollars of debt while they are in school. They consider these student loans to be a worthwhile investment because they know that they will make a lot of money once they begin their practice. Unfortunately there are thousands of individuals that acquire a disability in their adult years, which can prevent them from working. Medical practitioner disability insurance can give those in the medical profession a way to support themselves if the unthinkable should happen.

Cold Hard Statistics

People have a tendency to go through life believing that it is highly unlikely that they will be one of the unlucky few that acquire a disability. Cornell University conducted a study in the year 2010 which yielded some interesting results. It was discovered that one out of every nine individuals between the ages of 21 and 65 will acquire some sort of illness or injury that will result in a disability. It was also discovered that individuals between the ages of 35 and 65 had a one in seven chance of becoming disabled.

Prepare for the Worst

Acquiring medical practitioner disability insurance is a smart decision. It would be a shame to spend years learning how to take care of other people only to be unable to take care of oneself. This type of insurance will enable medical practitioners to survive financially if they acquire a disability that prevents them from earning money.

What Orlando Insurance Agencies Can Offer You

Orlando is a great city with so many things to do. There are the theme parks of course, but once the novelty has worn off you can take advantage of the balmy weather year-round and enjoy golfing, water activities and professional sports. One thing you don’t want to spend your time on, however, is sorting through your insurance options. Orlando insurance agencies are there to help you take care of business so you can focus more on pleasure.

Working with an experienced agency allows you to handle all of your insurance needs efficiently and professionally. You can find agencies that deal in personal insurance, commercial insurance or both combined. Each type consists of many subcategories and specialties, so it’s important to discuss with your needs with an agent.

Personal insurance includes things like car and homeowners insurance. You can get flood insurance, renters insurance and policies for your recreational vehicles, motorcycles and watercraft as well. Commercial policies include things like workers compensation insurance, surety bonds, employment practices liability and more.

Regardless of your needs, there are Orlando insurance agencies that can accommodate you. Whether you need personal insurance, commercial insurance or a combination of the two, finding an agency that can bundle all your requirements together will help you focus on more important things like running your business, attending to your family or heading out for a round of golf.

What Is D&O Insurance?

If you run a business and are new to the many kinds of insurance your business needs, you may find yourself asking: What is D&O Insurance? This is a good question with an important answer, particularly for businesses seeking to minimize their liability. It is a great idea to learn as much as possible about this particular type of insurance, because it may be able to save your business a great deal of money and hassle.

Directors and Officers Insurance

So what is D&O Insurance? Standing for Directors and Officers Insurance, this coverage can protect your business against a range of liabilities relating to the day to day management of the company.
Of all employees, the directors and officers of a given company often face the greatest risk of litigation. This is true in large part because directors and officers are generally given more or less free rein when it comes to the way they conduct business affairs. Management decisions can, on occasion, be cause for claims against a director or officer, but this insurance can help to make sure that directors and managers, as well as the business as a whole, will not have to shoulder these legal costs.

Get the Coverage Your Business Needs

In the end, D&O Insurance is an advantageous way to protect your business and its assets from a key source of liability. With the right insurance provider, you can ensure that your directors and officers receive the coverage they need. Get to know your options and consider investing in this coverage.