Monthly Archives: March 2016

The Perks of a Customized Accountant Professional Liability Insurance

Many businesses that offer services or advice have to get professional liability insurance, or errors and omissions liability insurance, in order to protect themselves against claims of ineptitude and negligence. For certain professions there are even customized professional liability policies. The customized accountant professional liability insurance provides:

High Limits: For accounting firms the errors and omissions liability limits can go up to $50 million. This is beneficial for companies who are prone to getting sued.
Advisory Services: Some accountants provide financial advisory services, and with this liability coverage they can get extra protection. Many of these policies offer risk advisory to the clients as well.
Privacy: Many of the customized accountant professional liability insurance provides an extra privacy coverage. This coverage helps keep the accounting firms reputation intact.
Defense Options: Finally, these customized policies offer extra defense options. The first of these options is to have first dollar defense, which means that the deductible you have to pay is only on damages not defense. The other option is defense outside limit, which means that there are separate limits for defense and damages.

If you own an accounting firm, you should consider getting this customized accountant professional liability insurance. It will give you the coverage that your profession needs the most. Talk to an insurance agent today to learn more.

What Is Direct Hire/Personnel Consultants Professional Liability Insurance?

In a staffing business, you have some unique challenges. You are working with many different people, from the clients you are placing to the employers you are placing them with. This brings up a lot of liability. That is why you need to have the right staff insurance. You want to protect your company while also protecting everyone you are working with. One type of staff insurance coverage that you want is direct hire/personnel consultants professional liability insurance.

What It Is

Direct hire/personnel consultants professional liability insurance is also sometimes referred to as errors & emissions or E&O. It is designed specifically for staffing agencies and the unique liabilities this type of business has.

What It Covers

It covers you for issues that may arise from your placement of individuals with a company. Generally, it will also protect you and your staff against allegations. It covers issues like discrimination and financial loss. Generally, it picks up where your general liability coverage leaves off. General liability staffing insurance will usually only cover claims of bodily injury, property damage, personal injury or advertising injury claim. This is extra coverage that you need to protect your staff and your business.

Choosing what types of staff insurance you need can be tricky. It helps to know as much about each option as possible. Getting direct hire/personnel consultants professional liability insurance is often advised so you can be sure your business is fully protected.

What You Don’t Know About Car Insurance

Although you might think that what you don’t know can’t hurt you, this isn’t true when it comes to car insurance. Finding just the right auto insurance for you and your family’s vehicles begins with being well educated about the details and specifics of your policy and how your car insurance can help guard you against potential financial loss.

Auto Insurance Isn’t One Size Fits All

Though acquiring a good policy from car insurance companies in CT can be as simple as the click of a button, it takes a perceptive individual to realize that the policy for them might not be what’s best for the next person. Use the expertise of a trusted insurance agent to discover how you can tweak and tailor the liability limits, coverage types, and deductibles on your plan.

Choose Wisely to Get the Right Coverage for You

Taking out an insurance policy is an important investment in your future. By spending the time it takes and making an effort to truly educate yourself and discuss your options with your agent, you will be rewarded. Go into the insurance policy buying endeavor as an informed, prepared consumer who knows what they want and how much they want to pay for it. Choosing wisely from the car insurance companies in CT can ensure the best coverage for your situation at a reasonable price.

Protecting Your Interests With General Liability Insurance

When it comes to New York Business Insurance, a general liability policy offers some of the most comprehensive coverage in the industry. This type of policy can prevent your company from being held liable in the event of an accident or oversight. There are many different benefits of general liability insurance, but here are two of the most common.

Property Damage

If your business performs a service that involves the altering a client’s personal property, you may want to consider purchasing New York Business Insurance. Property damage is a leading cause of lawsuits, but a general liability policy can protect you from being held financially responsible. There is no way to ensure that property damage never occurs, so this type of insurance is especially useful for construction and utility companies.

Personal Injury

In the event that a client or customer is injured on your property or by your services, general liability can protect you from enduring a devastating financial loss. Depending on the severity of the injury, a client’s medical bills can easily rise into the hundreds of thousands, not including litigation costs. When you purchase New York Business Insurance, you will be covered if this happens to you.

Unrivaled Coverage

General liability insurance is a great way to cover all of your bases. It covers a variety of unforeseen events and gives you a peace of mind at the same time. If you own your own business, you should definitely consider purchasing a general liability policy.

Ecommerce Insurance Coverage

Ecommerce business insurance protects against risks that only an ecommerce business has while also covering common business risks. Finding the right policy isn’t always easy, but if you understand what sort of coverage you can get for your business you will be able to pick the best policy for you. Commonly, this type of insurance covers:

Data Security: Your company could be liable should any sensitive information that you store online be breached.
Business Interruption: The company you use to ship your products may have an issue that messes with your business, but business interruption insurance helps you recover any losses.
Transportation: This type of coverage protects your product throughout transportation.
Workers Compensation: If your online business has real employees, you need to make sure that you are protecting them and your business with workers compensation insurance.
Intellectual Property: Many ecommerce businesses work with immaterial property, which means you have to find a way to protect your rights to it with intellectual property insurance.

No matter what kind of an online business you run, you want to make sure that it is covered from all angles with ecommerce business insurance. This insurance can protect your workers, your product and your business as a whole. Talk with an insurance agent to learn more today.

Purchasing Special Types of Business Insurance

If you are considering becoming a business owner, you are probably aware that you need to have business insurance. You may not be aware that certain types of businesses should obtain more specific types of coverage. NewMark Insurance provides several types of specialized policies, including the types explained below.

Liquor Liability

Businesses that serve or sell alcohol, such as bars and restaurants, need to have liquor liability coverage. Although the drinker is normally to blame in the event of an alcohol-related accident or injury, claims are still sometimes brought against the establishment that sold the alcohol to the drinker. Liquor liability insurance can cover court fees and any damages that may be granted to the claimant.

Pollution Liability

Any business that produces or uses environmentally unsafe chemicals as a regular part of their operations can benefit from pollution liability insurance. Many types of businesses use or produce pollutants, from factories to hair salons. In the event that a lawsuit is brought against your company over its environmental impact, insurance is necessary to avoid financial devastation.

Finding Your Policy

Even within these two specialized types of insurance, there are numerous variations on the needs of each individual company. A college bar has different needs than a family restaurant, and a mechanic shop has different needs than a factory. NewMark Insurance will review your business in order to determine an insurance policy to fit its specific needs.

How to Lower the Risk of Operating a Nursing Home

Nursing homes represent a valuable part of today’s healthcare industry, and they are also a great business initiative. Many people can benefit from a high quality nursing home. However, operating a nursing home does come with various risks. For this reason, it is important to invest in insurance for nursing homes and make an effort to minimize the risks of operation.

Training

One of the best things nursing homes can do to minimize their risks is train their employees. The people who work at the nursing home should understand various safety protocols. They should also be trained in how to work with patients so abusive or neglectful situations are less likely.

Equipment

Old or poorly installed equipment represent a risk to both the patients and the employees in a nursing home. Although it is difficult to prevent every equipment problem, there are things that can be done to minimize the risk. The nursing home can regularly evaluate the equipment, prioritize any repairs, and invest in quality materials. As a result, accidents from equipment are less likely.

In addition to training employees and evaluating equipment, insurance for nursing homes is also beneficial. A qualified insurance agent can help today’s nursing homes choose the right coverage and identify opportunities to minimize risk.

What to Look for in Commercial Crime Insurance

You already know how vulnerable your business is to crime, and you have probably already taken some important steps to address this, such as installing better building security and tightening the controls on your information systems. One further step is vital as well: acquiring commercial crime insurance. If crime should happen, you need to be protected from both loss and liability.

How to Select the Right Insurance

It is important to know that crime insurance is a particular product area within the insurance industry, so you are going to want an insurance company that carries this line as one of their specialties. Once you have determined that, consider asking these questions:

What kinds of crime are covered? – You want to have a comprehensive approach here, ranging from small crimes, such as petty theft, to larger ones, such as hacking your computer systems.
What kinds of crimes are not covered? – Most insurance companies exclude certain kinds of crimes, such as ones committed by you or one of your partners. Make sure you’re clear on the details of these exclusions.
Will the company do a risk assessment? – A detailed look at your current business environment and practices can be an invaluable aid in deterring crimes. Your insurance company should work with you to identify vulnerabilities and develop a plan to address them.

Complete the stability of your business foundation: act today to protect your customers and yourself with the right commercial crime insurance.

Assessing Your Classic Car's Usage

If you are the owner of a classic car, then you have probably grown quite attached to the vehicle since you acquired it. The last thing you want is for something bad to happen to it. If and when something does happen, however, it is of enormous help to have antique classic car insurance to get the car back to where you want it to be. Insurance companies often have a variety of plans, which means you need to well-informed in order to make the best investment.

Assessing the Car’s Usage

As a vintage and exotic car collector, you probably use each of your cars in different ways. You might use one to drive back and forth from work every day. You might choose to keep one in your garage as a kind of ongoing project or conversation piece. Many owners are also part of the large community of car show participants, in which case it driven as little as possible. Whatever your situation, be sure to inform the insurance company, as it informs which policy is best.

Keep the Years Ahead in Mind

No matter how many precautions you take, there will inevitably be unforeseen problems with your car. When that happens, having antique classic car insurance is the best defense.