There Is no great mystery why you need auto insurance if you own your vehicle, whether a personal or company car. However, not many business owners give sufficient thought to hired non-owned auto insurance and what it can mean for their business. You may have an entire fleet of cars covered with a comprehensive insurance policy, send an employee out to bring back lunch in a hired car when there are no other available cars, only to find that an accident happens. This is also a concern if your employees travel for business frequently and need to rent cars.
Policies for hired non-owned auto insurance vary from those that cover cars your company owns. You may not be able to cover damage to the car itself, but you can be insured in case of bodily harm of an employee and damage to property or merchandise within the car. This can be particularly important if you use a hired car for deliveries of valuable items.
Speak to an insurance agent about hired non-owned auto insurance for your business. The kind of insurance you get depends on how many hired vehicle you use and their purpose. Even if hired cars are used only for business trips, don’t neglect this type of insurance coverage, because you can’t control what does not happen on the premises.
If you’re getting ready to begin any construction-based project which involved other parties like contractors and subcontractors, you should consider using surety bonds in Pennsylvania to make sure that all parties are meeting their respective ends of the bargain. While it seems like it’d be simpler just to work on the honor system, there are risks inherent in these types of agreements that can really come back to bite you financially as the owner of the property. There are several reasons why you should use these services, some of the most important including:
In the event that a contractor fails to pay subcontractors and other parties they’ve recruited for the project, you’ll be held financially responsible. You can remedy this with a surety bond.
If you complete the project and then begun experiencing issues with the work that’s been completed, you may be unable to seek repairs if you haven’t written up a guarantee through a surety bond.
Without a surety bond, there’s never a surefire way to guarantee that your contractors will complete the work according to the terms and conditions you’ve agreed upon.
Overall, surety bonds in Pennsylvania are the ideal way to ensure that you’re able to complete your project without a hassle, and they you get the quality construction that you’ve been waiting for.
We all have heard about high profile cases and news stories in which employees make claims of sexual harassment, wrongful termination or discrimination. A company can lose a great deal of money if such claims are proven to be true, and can suffer on behalf of the actions of a few people in a department. The situation may be even more disturbing in the case of a staffing agency that is being sued on behalf of the actions of a client off-site. This is one reason you need employee practices liability insurance to make sure you are insulated from the problems that can result from these claims.
You may do your best to screen your applicants and choose appropriate clients without any history of complaints, but still, a claim of unfair employment practices can come out of the blue. Be prepared with a policy that covers you no matter what the circumstances. Talk to an insurance agent about options for an individual policy, deductibles, a comprehensive policy or umbrella liability insurance. You should also make sure you are insured in case an applicant suffers from bodily harm or property damage at the workplace.
You do your best to place the most qualified applicants in workplaces that suit them, but you can’t be everywhere. If something inappropriate happens with a client, feel more secure with employment practices liability insurance.
When it comes to protecting the investment you have in your small business, choosing the right commercial insurance plan can be confusing. NewMark Insurance offers a variety of flexible professional liability insurance solutions to meet the needs of your business. Specialized packages offer protection according to your liability and property requirements.
Industries Requiring Insurance
Your business and insurance needs are unique. Commercial insurance allows your business to operate even in the face of costly litigation regardless of your industry. A liability policy protects the financial future of your organization with top-notch coverage, and NewMark Insurance offers the following commercial policies and coverage options:
Attorneys Professional Liability, including legal malpractice coverage
Insurance Agents E&O, such as innocent insured coverage for independent contractors
Mortgage Brokers/Lenders E&O to manage claims related to discrimination allegations
Property Managers E&O for retail shopping centers, office buildings and more
Real Estate E&O to handle claims of failure to disclose material facts or inspect a property
Title Agents E&O for losses due to errors in the title documentation process
Choosing the right type and amount of insurance protects your hard work and investment in your business now and in the future.
Business Insurance Portfolio
NewMark Insurance offers cost-effective insurance solutions for your business. Talk to a trusted agent for more information on coverage options.
If you’re in need of a surety bond in New Jersey for your upcoming construction project, don’t just turn to anyone to get the job done. While these bonds are fairly easy to locate, finding a provider who understands your needs as an owner and the requirements of contractors you’ll be working with is well worth the time spent searching. In order to ensure you have everything you need moving forward and that your project’s able to unfold smoothly, look for these qualities in your surety bond provider:
Look for providers that specialize in the niche markets you’re working in to ensure you’re getting the professional-know how you need to have the best possible experience.
Find a company that has a long history with creating surety bonds. This means that they have a great deal of experience with handling these sorts of agreements already, which minimizes the likelihood of issues and miscommunications.
Put your faith in a provider that’s aware of the time restraints and other serious variables that are crucial throughout the writing process. This increases the likelihood of you getting the information you need when you need it most.
These are just a few qualities you can look for when selecting your company for generating your surety bond in New Jersey you need for your next construction project. Weeding out the good companies from the bad is easier when you know what exactly to look for.
You may place workers with clients for days, weeks or months, but focusing on temporary staffing means a quick turnover and the likelihood that you will be dealing with a large number of people. There may be many people coming through your doors intending to work for clients, and this entails significant responsibility on the part of your company. Make sure your agency is insured against damage or injury caused by workers placed with clients with temporary staffing insurance.
The risks involved with temporary staffing can be greater than with permanent staff because of the number of people you are likely to be working with. Thorough screening is required, but it may be hard to catch every sign of potential problems. In addition, unexpected mistakes and mishaps can occur. Look for temporary staffing insurance that covers liability for bodily harm, property damage and monetary loss. You may also want coverage against cyber-crime and other kinds of misdeeds.
Be sure to screen potential workers thoroughly before placing them with clients. Do complete background checks and call prior employers for references. After doing this research, there is always a chance, of course, that problems may arise as the result of mistakes in the workplace. Make sure you are covered with temporary staffing insurance.
Accounting has long been a necessary trade, and owning and accounting business is one surefire way to turn a profit, particularly in the modern market. However, because of the high stakes which you and your employees often have to work with when it comes to balancing accounts, accidents can occur that put your business’s financial stability at risk. This is why having insurance for errors omissions in Manhattan is potentially one of the smartest things you can do for your business in the coming years. This service protects you from issues like:
Mistakes or oversights that result in substantial losses for clients or other oversights by your employees.
Failure to make a bid in certain situations in which serious gains could have been made for a client otherwise.
Failure to inform clients about important developments with their accounts that have the potential to impact them on a large basis.
These are all serious threats which any large or growing accounting company faces on a daily basis. Accidents in calculations can and do happen, so it’s best to protect yourself form the fallout with the help of errors omissions in Manhattan. Speaking with a professional is the best way to clear up any questions you may have about this service and to get started with getting your coverage right away.
Protect your small business investment with the right commercial business insurance coverages. Regardless of the size or industry, your business is at risk. Commercial insurance solutions from NewMark Insurance in Austin can help provide flexible and viable plans to mitigate financial damage from unprotected risks. Many business owners assume that coverage by traditional insurance plans are all they need without researching if they have the right amount and type to protect their company. At a minimum, you should make sure your commercial insurance policies include the following policies.
1. Commercial General Liability Insurance
This basic liability insurance offers protection that guards against lawsuits, injuries, property damage and accidents. All small businesses need commercial general liability insurance.
2. Commercial Property Insurance
Business property insurance can protect your commercial structures and the property inside the building that are vital to business operations. Liability insurance typically covers the assets of other people, not yours.
3. Workers’ Compensation Insurance
Carrying workers’ compensation insurance can help pay for lost wages and medical expenses of employees who become ill or are injured on the job.
In addition to these basic commercial options, there are many other alternatives. Talk to a professional liability agent at NewMark Insurance in Austin today for more details about products to protect your business.