Category Archives: staff insurance

Business Insurance: Prevent Your Dreams From Getting Dashed

You’ve worked hard to build a great product or service. You’ve given your blood, sweat and tears, and being a business owner has become your livelihood. Can you imagine if all of it was lost because of a situation that could’ve been prevented? Michigan business insurance can be vital to the health of your company.

It’s easy to believe that risk mainly lies in fostering a client base and maintaining a flow of income. Unfortunately, that’s not the case, as there is always be the possibility of someone or something causing a financial hardship for your company. You can’t avoid it. Luckily, there are policies that address an array of situations such as an injury occurring on your premises, an employee or third party alleging discrimination, a client believing a service you provided caused them financial loss, an unforeseen event such as fire or theft destroying property and a hacker gaining access to your computer network.

It’s worth noting that you not only have the ability to get the right coverage in place, but also some guidance as to how to mitigate risk. Many insurance specialists can perform an analysis of your organization, identify your exposures and offer strategies for risk management and loss prevention. Plus, as the propensity for a claim against you changes or evolves, a good consultant will be able to adjust your program accordingly. Don’t underestimate the importance of Michigan business insurance and make sure to secure future of your company.

Why Every Business Needs Hired Non-Owned Auto Insurance

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.

3 Reasons you Need Surety Bonds for Your Next Project

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.

What You Need to Know About Employment Practices Liability

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.

Choosing the Right Commercial Insurance Plan

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.

Why Do You Need Temporary Staffing Insurance?

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.

Why Your Accounting Business Could Benefit From Errors and Omissions 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.

Keep Health Care Staff Healthy

Managing a staffing agency is a challenging enough task in itself, but there are an additional slew of challenges that come when your work in the health care sector, too. Staffing for health care allows hospitals and other medical facilities to fill last minute openings in their schedules. As a scheduler or recruiter, you’re tasked with managing personnel, and this includes the liabilities they face on a day-to-day basis. Since many of those exist in clients’ facilities, they are out of your control, but you can invest in measures such as staff insurance to ensure you are protected from many of the most common risks.

Health Care Provides Face Unique Risks

The health care providers you staff with clients are exposed to a number of situations that put them at risk for injuries and illnesses such as:

Sickness contracted from patients
Slip and fall
Harm inflicted by patient
Muscle sprain
Lacerations
Other various accidents

Insurance Protects Relationships With Clients

In unique circumstances, you may have personnel perform in a way that is unsatisfactory and jeopardizes your relationship with your client. In cases when this becomes a legal matter, staff insurance can offer a layer of protection to guard against liability for damages and protect the relationship you’ve cultivated with your client.

What Can Omissions Insurance Assist With?

Even insurance agents need insurance. If there is ever an oversight with a client’s claim and that client sues, the agent could need to pay quite a bit in legal fees. That is why omissions insurance for insurance agents is a protection worth getting, and it can pay for quite a bit.

Legal Fees

Going to court and hiring an attorney can cost a pretty penny. That is why omissions insurance helps with covering all legal expenses. This includes attorney fees and court fees such as document filing.

Settlement

It is an unfortunate prospect to consider, but there is always the possibility that you will go to court and lose. Settlement amounts can vary greatly, but with a comprehensive insurance policy, your insurance can help cover a good amount of the settlement.

Any Additional Administrative Costs

Lawsuits are intensive and detailed. There are numerous papers you may need to photocopy, ship or process. All those little fees add up quickly, but your policy may help cover some of these minor expenses.

While no one ever wants to actually use their insurance policy, you definitely do not want to be caught without it just in case something does come up. Omissions insurance for insurance agents is available, and you should speak with a professional to learn more about it.

What to Do in Addition to Obtaining Liquor Liability Insurance

If your restaurant serves alcohol, then make sure the insurance policy you get comes with liquor liability. Numerous companies offer restaurant insurance in Tennessee, so it is definitely easy to get. You just need to ensure that you are covered in the event something bad happens as a result of someone getting overly intoxicated.

Make Sure Your Bartenders Are Skilled and Experienced

One of the things all your bartenders should be skilled in is determining when a customer has had too much to drink. Bartenders should also play a role in ensuring that someone who is far too drunk is not allowed to drive. Make sure everyone you employ is fully certified so that you can trust them with these responsibilities.

Always Check Every Patron

Whether you have your bartenders check I.D. or if there is someone at the door checking, you need to make sure everyone you serve alcohol to is over the age of 21. You may face a hefty lawsuit if it is determined that your establishment served minors.

These actions will prevent any problems, and if all goes well, you may never need to rely on your liquor liability insurance. However, it is always preferable to have restaurant insurance in Tennessee just in case, so do not get caught without it.