As technology develops, businesses big and small are relying on more methods of digital processes to handle various parts of their work. This means that a great deal of important information is stored as data within the cyber aspects of the company. Just as physical files and items need to be kept safely secured and insured, so do the digital ones. However, general liability that covers physical objects does not usually offer protection to the virtual side of a company. Due to this, when insuring your Carmel business, it’s important to look into Carmel cyber liability insurance to protect from digital danger.

What Are the Cyber Risks?

Just as physical security can be broken through, so can digital. If a malicious hacker breaks through to steal data or corrupt the system, this can be incredibly costly. Another issue with digital security is the fact that a third-party vendor may have a connection to you digitally, offering a risk there as well. Furthermore, an employee with access to vital data can create a breach or use that information for their own gain.

Any of these situations do not involve the damage or theft of any physical object. This is why finding Carmel cyber liability insurance for your business can save you a great deal from loss in the case of a cyber attack.

Custom built homes often come with a heftier price tag than their more conventional counterparts. Obtaining a policy that covers the specialized risks is only part of covering your liabilities. Lower the cost and reduce claims of your high net worth homeowners insurance with these three tips.

Seal Gaps

Winter storms bring snow, ice, hail and wind. Taking the time to seal any gaps especially along windows, the attic and doors keeps out that unwanted chill and moisture, both of which can cause problems.

Insulate Adequately

Check the insulation in the attic of the home. Not only does proper insulation keep the heat inside the home, but it ensures the heat doesn’t leak into the attic resulting in melting and refreezing snow on the roof. Refrozen snow often results in ice dams.

Drain Pipes

Bursting water pipes that have frozen and then partially thawed is a huge problem for homeowners around the country. Before the first freeze, take these steps to reduce the chance of your pipes freezing:

• Apply heat tape or pipe sleeves to exposed pipes
• Drain irrigation systems
• Let cold water drip from faucets on exceptionally cold days
• Set your thermostat at or above 55 degrees

Preventing the harsh elements of winter from damaging your home can reduce the number of claims you need to file. Less claims keeps your high net worth homeowners insurance rates lower. You save time, money and the hassle often associated with repairing damage.

As an insurance agent, you have certainly felt the pressure of your work. Your clients depend on you to help them obtain the coverage they require in their time of need. However, you understand that the delicate nature of your business can make you a target for potential lawsuits and costly court fees. That is why errors and omissions insurance for insurance agents is specifically tailored to the types of litigation you may encounter.

Errors and Omissions Overview

Errors and omissions insurance deals with the costs related to a claim made by one of your clients against you. If a client’s feels that you have mishandled their money, made calculations errors that cost profit or were negligent in any way, a client can put forth lawsuit claiming your mistake affected them. Luckily, with errors and omissions insurance your court fees, settlement costs and other related expenses are covered.

You know that clients are sensitive about where their money goes. This is why an insurance agent is a big target. Therefore, it is better to be protected before these expensive incidents come your way.

A company that has the expertise on errors and omissions insurance for insurance agents understands the kinds of coverage you may need. Reach out to an agency today, and help out your business!

When it comes to business vehicles, if you don’t have the right insurance coverage, you may be liable for expenses from accidents out of pocket. Find out when you may need non owned insurance.

What Is Non Owned Insurance?

Non owned auto insurance will cover liability expenses that involve business vehicles that your company does not own. This may include rentals or an employee’s personal car, used for errands. For example, say that you have an employee that needs to drop off a business deposit or make a delivery for the company. The employee uses his or her personal vehicle and in the process is in an accident.

The other driver may sue your business for expenses related to the accident. In this case, if you don’t have non owned auto insurance, you may be paying out of pocket for these types of damages. In addition, a company may rent trucks or vans for transportation or hauling cargo. In this case, specific insurance is necessary.

When to Purchase Non Owned Insurance

If your business rents vehicles or if your employees use their personal vehicles to run business errands, then you may still be liable if there is an accident. Even if your employee has personal auto insurance, it may not cover the accident due to business driving.

Non owned auto insurance is crucial when you use vehicles for business that you don’t own.

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.

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.

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.