Author Archives: Henry

manufacturers insurance company

Two Key Insurance Coverages For Manufacturers

More so than those in most other industries, manufacturing companies are almost always at risk for potential accidents. In such an environment, it’s necessary to have adequate insurance coverage to keep your company protected. Here are two must-have coverages that you should plan to speak with a manufacturers insurance company about when discussing your new policy.

Commercial Property Insurance

Property insurance offers funds to repair or replace your buildings, equipment, furniture and materials in case of damage or total loss. Covered events for reimbursement include fires, vandalism, theft and certain storms. Depending on your level of coverage, if an accident leads to an interruption in your business activities, your policy can also pay for lost income, employee wages and other ongoing expenses.

Liability Insurance

Commercial liability insurance is needed in case your business activities cause bodily injury or property damage to a third party. Product liability insurance covers your business in case the injury or property damage is caused by a defect or malfunction in your product. In either case, your policy will pay for any attorneys’ fees, settlements, judgments, repair costs and medical expenses for which you’re found liable.

There are many other forms of business insurance that you should consider when signing up for your new policy. Working with an experienced manufacturers insurance company will ensure that you get the coverage you need.

Massachusetts Workers Compensation Bureau

Good News From the Workers Compensation Bureau

Good News From the Workers Compensation Bureau
The Massachusetts Workers Compensation Bureau notified all of its members of a revision of rates and other changes to the workers compensation system. When it comes to workers compensation in Massachusetts, a lot has changed over the course of the last year.

Workers Compensation Changes

Revisions happen, even with workers compensation. When a change is made, a lot may turn out different. Some of the changes that business owners need to be aware of are as follows:

  • Amendment to small deductible credit programs
  • Rate level decrease of 13.3% for F-Classes
  • Retrospective rating plan changes
  • Changes made to the Experience Rating Plan
  • Revised scope involving certain classification codes


Many of these changes are good news to business owners and those who have purchased workers compensation insurance.

Workers Compensation Rate Decrease

One of the most important changes that the Massachusetts Workers Compensation Bureau is focusing on is the decreased rates. In addition, the EMR factors will help impact a company’s Experience Rating.
Of course, when it comes to these facts, the only state impacted by the changes is Massachusetts. When it comes to workers compensation, every year, it’s important to keep up with the different changes. Without awareness, you may sign up for the wrong insurance or find that you aren’t protected.

transit insurance

Why Transportation Legal Liability Insurance Is Important

Operating in the transportation industry comes with a lot of high risks and it’s true that it’s always better to be prepared. General liability insurance and business liability insurance alone are not enough. As part of a comprehensive transit insurance package, transportation legal liability insurance covers professionals like warehouse operators, freight forwarders, motor carriers and logistics service providers.

What Transportation Legal Liability Insurance Covers

Transportation legal liability insurance encompasses a wide array of different types of insurance products. This type of insurance protects professionals in the transportation industry from legal liability associated with aspects like a bill of landing, warehouses and motor truck cargo. Additionally, it covers the liability involved with being a bailee, property broker or packer. Moving, handling or arranging shipments for someone else’s cargo is a risky business, which is why transportation legal liability insurance is one of the essentials of a transit insurance package.

What This Means for You

Being a part of the transportation industry as an intermediary means accepting large risks on a daily basis. You don’t want to be faced with a lawsuit due to an error or negligence on your behalf without having the right insurance. A specialized insurance broker for transit insurance is there to help you find the proper transportation legal liability insurance and any other types of insurance you may need.

business insurance in NJ

Investing in Your Future With the Right Insurance

New Jersey is the right place to invest. With a bustling economy, great tourism industry and with one of the biggest cities in the world just a train ride away, there are plenty of opportunities for business owners. However, setting up shop involves a variety of factors. One of these is acquiring relevant insurance. Thankfully, business insurance in NJ is available and accessible to any business owner.

Different Policies for All-Around Protection

Whether you own a bar, nail salon or large international bank, many businesses are required to have some basic form of insurance by law. This may likely include general liability. This coverage takes care of incidents that your business may be held responsible for. These can include customer injury, property damage or advertising injury.

Another popular coverage option includes business auto insurance. This is relevant to industries that make deliveries and distribute stock. Business auto insurance handles the damages and repairs caused by your drivers during business related activities.

Other coverages you may consider include:

  • Employment Practices
  • Flood
  • Property
  • Crime
  • Cyber
  • Pollution
  • Inland Marine
  • Business Interruption

Why Should You Obtain Insurance?

Any experienced business owner can tell you that anything can happen during operating hours. It is better to think ahead and invest in protection. That way it is there when you really need it most. Reach out to an insurance agency to build your dream with business insurance in NJ.

VA car insurance

How To Save Money on Car Insurance

For most people, having a car is a necessity but can also lead to quite a few expenses. Between fuel, maintenance, and insurance, the amount of money you spend on your car each year could be in the thousands of dollars. If you are looking for ways to save money, check out these tips for saving on your VA car insurance.

Shop Around

Shopping around doesn’t just refer to the insurance policy, either. If you are purchasing a new car, compare average insurance prices. Remember, mini-vans or other vehicles that are family-friendly typically have lower insurance rates than luxury cars. After choosing your vehicle, get quotes from several insurance agencies before purchasing your policy. This ensures you get the best price.

Bundle Your Insurance

If you already have life insurance or homeowners’ insurance from a company, consider purchasing your auto policy from the same one. Most insurance agencies offer discounts to policyholders who purchase more than one through them.

Maintain Good Credit

Many insurance agencies look at your credit report to determine how risky it is to insure you. By maintaining a good credit score and paying bills on time, you show the agencies you are responsible. This makes them more likely to offer you a good price.

When seeking an excellent VA car insurance policy, research first. Look for a licensed agent who has an excellent reputation among colleagues as well as among current and former clients.

Fabricare Laundry

What to Look for in a Laundry Insurance Policy

As the owner of dry cleaning or laundry facility, you already know the special circumstances that come with working in the industry. While every business needs some form of business insurance, the best types of coverages are customized and specific to the industry that you’re working in. Here is what to look for when trying to find the right coverage.

An Extensive Portfolio

Look for a provider with an extensive portfolio of coverages. Insurance coverages under Fabricare Laundry aren’t always covered under standard launderer policies. These specialized coverages include everything from general liability to equipment breakdown.

Decades of Experience

Experience matters in every industry. When it comes to finding the best insurance policy, experience tells you that the agency has been providing specialized solutions to the industry for years. The company will understand the different options that your business might need.

Evolving Programs

Your insurance policy should consider advancing technology. As the industry develops, the needs of dry cleaning businesses also change. Over the years, a good program would have expanded services to cover data breaches and to help with restoration and long-term storage.

When you own a dry cleaning facility, it’s important to get the best possible business insurance. Fabricare Laundry Advantage has coverages that are specialized to fit your business.

package policies insurance in Babylon

Package Policies: Why Businesses Need Them

There are many options available when it comes to insuring your business. Most insurance policies depend on the size of your business, your revenue and the risks involved in running the company. For larger businesses, you may be interested in package policies insurance in Babylon. These package policies are for businesses that have risks that are more complex.
Coverage may include general liability, business interruption, commercial property and more.

Flexibility

If you have a large company and a BOP doesn’t cover your business with the protection that you need, then you’re going to need better coverage. This is where a package policy comes in. These are personal, customizable policies that you can alter to how you see fit.

Cost-Effective

A package policy is usually cheaper than separating them. These policies may have lower deductibles or provide more coverage when grouped together.

Customizable

Package policies insurance in Babylon is customizable. You are able to choose which policies best fit your business. Most businesses like the appeal of customized insurance. If you’re one of those companies, then this might be the option for you.

When it comes to insuring your business, you have to make sure that you have adequate coverage. This will save you money later on down the line. Package policies may even save you money upfront.

E&O insurance for insurance brokers

Basic Liability Insurance Coverages You Need

Is E&O insurance for insurance brokers necessary? As a new business owner, it can be difficult to know exactly the type of liability insurance you need. With so many options available on the market, it’s highly possible to end up with the wrong coverage which can leave you open to unnecessary financial loss. Here are two types of liability coverage that you should be sure to understand.

General Liability Insurance

Probably the most common type of business insurance coverage, general liability insurance covers your business in case a third party is hurt, or their property is damaged, by your business activities. This can range from your electronic widget causing a fire in a customer’s home to a vendor getting hurt on your property. Your policy will cover any legal fees related to a lawsuit including attorneys’ fees, settlements or judgments.

Errors & Omissions Liability insurance

Also known as professional liability or malpractice insurance, E&O insurance covers your business against lawsuits resulting from your services and advice. It’s most commonly known as a required coverage for medical practitioners, but other individuals in independent consulting positions should carry E&O insurance as well. Other professionals who can also benefit from E&O coverage include:

  • Technology consultants
  • Real estate professionals
  • Insurance professionals
  • Business consultants

So, although E&O insurance for insurance brokers may not always be required by law, you should certainly carry liability coverage to protect yourself from financial risks. Even as an insurance professional, you never know when you’ll be the subject of a lawsuit.

boat insurance average cost

Boat Insurance Costs: What to Expect

To find the figure on boat insurance average cost isn’t easy. Insurers base their rates on a variety of different factors. Knowing the factors and the pricing can help you make an educated decision when it comes to buying and selling insurance.

Insurance Rate Variables

Several variables factor into the cost of boat insurance. For instance, you need to consider:

  • Liability limit
  • Hull coverage limit
  • Medical limit
  • Liability limit
  • Personal effects
  • Trailer

As an example of how different the costs can be, for an average boat, you may be looking at anything from 300 to 3,000 dollars a year.

Factors to Consider

Of course, when insuring a boat, there are still more factors to think about. Just like auto insurance, a lot of factors go into deciding the price. Here are some of these factors:

  • Boat usage
  • Driver’s license history
  • Claims against boat
  • Boating experience
  • Safety course experience
  • Safety equipment
  • Additional boat drivers

These are only a few, most common factors that go into the cost of insurance.

When it comes to boat insurance average cost, there is no set cost average. With too many variables in play, there is a wide range of prices. The best way to know what’s best is to do research on the insurer and the market.

Agent Insurance Marketing

Powerful Online Presence

In a world where more and more marketing and sales take place online, it’s important that your web presence work for you. As an agent, insurance marketing can make a huge difference in your business, increasing web traffic and converting inquiries into sales. In order to maximize the potential of your online opportunities, you need an effective strategy for marketing your services.

What Makes the Difference?

No one factor can account for all of a company’s web traffic, but there are four broad categories that most marketing professionals focus on consistently.

  • responsive technology
  • branding
  • security
  • user experience

As you can see, all of these elements are intertwined in creating the optimal environment for converting leads into customers and keeping active customers satisfied. But addressing each of them as a unique and specific element allows you to consider all of the factors that add up to a positive online presence.

Emphasize Flexibility

Given the variety of devices people now use to access the internet, it’s critical to consider how your online offerings look on large screens and small, computers, tablets, and phones. The easier it is for customers to move between and among these environments, the more seamless their experience of your company. As an agent, insurance marketing isn’t just a tool, it’s a way of being present for your customers wherever and whenever they need you.