Author: Melvin

Three Important Considerations When Choosing a Truck Roadside Assistance Plan

Posted on by Melvin

Driving a truck can be dangerous. In fact, the Bureau of Labour Statistics usually lists it as one of the top ten most dangerous occupations in the United States in its annual workplace fatality report. Driving long distances with heavy loads is not the only challenge. Weather events and infrastructure problems can also pose threats. If you own a trucking company, you owe it to your hard-working employees to provide them with the peace of mind and protection offered by a roadside assistance plan. Below are three important considerations when choosing a plan.

  1. How many times a year can the service be used without incurring a charge?


    Many truck roadside assistance plans put a cap on the number of free annual call-outs. After a specified amount, they charge you each time they provide roadside assistance.

  2. How easy is it to get in touch with them?


    Your plan should have one toll-free number that you can call to access all the services offered. The last thing you want to do in an emergency is to hunt around for the correct number.

  3. Are there any geographic zones excluded from the plan?


    Some plans may only provide assistance in certain areas. Make sure that all of the places visited by your trucks are covered by the service.

Both drivers and trucks are important assets of your company. Indeed, without them, your business would cease to function. A quality roadside assistance program can offer the drivers essential protection from the often perilous conditions to which they are exposed.

3 Easy Steps to Reduce Product Loss in Warehouses

Posted on by Melvin

Product damage in warehouses causes unnecessary losses for a business. Broken or otherwise damaged items are unsaleable costing the business money. There are many ways companies can reduce damage to stock and lower their risk of loss.

Safety

Many of the steps businesses take to improve safety in the warehouse also help reduce the risk of product damage. A well-lit area makes it easier for employees to properly stack and store products. A clean floor reduces the risk of slips and falls while allowing forklifts to maneuver throughout the aisles with ease.

Pallets

Most product stored in a warehouse is on pallets. This means that employees need to fully understand how they work and how to properly secure them on shelving. Stable, uniform stacking lessens the risks of damage. Avoid overloading the pallets by keeping an eye on the weight for each shelf to prevent collapsing.

Insurance

When all else fails, commercial warehouse contents insurance can help cover those losses without financially strapping the business, according to Newman Crane. Helping with lost income due to damaged items keeps the warehouse operating and delivering goods to clients.

Take these steps to protect products stored in warehouses. Backing up those efforts with commercial warehouse contents insurance further mitigates the business’s financial losses.

Do You Need Occupational Accident Insurance for Your Workplace?

Posted on by Melvin

In most of the United States, small business owners are given the impression that the mandated workers’ compensation coverage each of the 50 states requires will take care of workplace accidents and injuries incurred by employees. While it’s true that this coverage helps with medical expenses and lost wages employees suffer due to an injury on the job, it’s not necessarily true that it is complete coverage. There’s also occupational accident coverage, and for many businesses it is essential. Occupational hazard insurance covers employees not covered by traditional workers’ compensation plans, and in some cases may provide some protection when contractors have employees operating at your site.

Differences Between Occupational Accident and Workers Compensation Plans

Hazard insurance for employees and workers tends to be less expensive than workers’ compensation with similar provisions, but there is a major difference between the two. Occupational accident plans do not cover legal costs, just the medical costs and associated losses like lost wages. This makes the coverage less expensive, but it does leave employers with a big financial risk if they are sued in the course of a claim. This coverage also has policy limits agreed upon when it is bought, and expenses beyond those limits may be the responsibility of the employer. When choosing one policy over the other, it’s important to know exactly what your options and risks are so you can decide between one of the two forms of coverage or the use of both.

How to Protect Your Classic Car

Posted on by Melvin

A symbol of ingenuity and the human spirit, classic cars are one of the most rewarding hobbies in which to participate. Whether you buy your car in pristine condition or restore it yourself, it’s an investment you’ll want to protect to ensure years of enjoyment. Here are some tips to ensure your auto receives the best care.

  1. Climate-Controlled Storage

Keep your automobile in a climate-controlled garage or storage unit. It’s unlikely that you will drive it often, but when you do, you can be sure all systems go if it’s not been exposed to harsh weather changes.

  1. Insure Your Investment

Of course, you need insurance for when you hit the road, but your insurance should go beyond that. Protect your investment with car maintenance insurance so you can always keep up with repairs, but also protect it against theft and vandalism.

  1. Disconnect the Battery

After extended times of no use, your battery will drain. Disconnect the battery cables from the battery to prevent it from draining.

  1. Keep Gas in the Tank

Keeping your tank 95% full and adding fuel stabilizer will keep your fuel fresh and prevent damage to your tank.

  1. Fluids

Change your transmission fluid and oil regularly. These fluids trap elements and toxins that can cause corrosion when sitting for long periods of time.

The Incredible Value of Roadside Assistance for Truckers

Posted on by Melvin

Many owners of passenger vehicles think nothing of adding roadside assistance to their auto insurance policies. Truck drivers may not think they need commercial roadside assistance, especially if they carry a variety of tools with them. However, there are many perks to having this service.

Fuel Service

As seen on https://www.truckinsure.com/, you can receive up to 30 gallons of fuel delivered to you. This can come in handy if the gas station you planned to stop at is closed and you are near empty. In some locations, fuel stations are far apart making this service a boon to truckers.

Towing Assistance

A broken-down truck can’t use any towing service to take them to the shop. However, with roadside assistance, the insurance company contacts a company in the area that tows your truck up to 50 miles. This is for each time your truck is disabled.

Vehicle Extracting

Much like towing, not all extracting companies can handle the size and weight of a big rig. There are times when something happens, and your truck needs an extraction. That service is included in roadside assistance.

Truck Rental

The cost of renting a truck while yours is in the shop can add up. Roadside assistance can help cover those costs so you can get back to work.

Commercial roadside assistance offers many valuable benefits to truckers. The service can bring you peace of mind while you’re out on the road.

What You Should Know When Selecting a Workers’ Comp Policy

Posted on by Melvin

Work-related injures not only increase insurance premiums but also harm employee morale and productivity. However, you can mitigate these costly scenarios by building a company culture that emphasizes workplace safety. Yet, even when proper you enforce proper measures, there are still risks to both your business and its employees, so it’s vital to have a functioning workers’ compensation policy in place. Here are a few things to know when shopping around for standard market workers comp.

Understand Potential Coverage

Worker’s comp requirements are different for every state, so it’s essential to understand what applies to you and your business. Generally, workers’ compensation policies include two parts, bodily injury by accident and bodily injury by disease. Coverage helps with medical treatment and payment for disability for a person’s inability to work due to workplace injury or illness.

Enlist the Help of a Knowledgeable Broker

Workers’ comp may not be offered to some professions in the market that tend to have high distressed risks such as healthcare, construction, and agriculture. Although some brokers like https://www.monarchpartnersgroup.com will go beyond market standards to find providers willing to insure those considered distressed risk. You can find an agent ready to counsel you on ways to implement workplace safety controls that could potentially lower your insurance premiums.

Enforce a Safety Plan

If you don’t already have a safety plan in place, you must establish one. Simple safety measures can mitigate work-related injuries. You may even qualify for credits or discounts by following workplace safety best practices.

Why it Pays to Invest in High-Value Homeowners Insurance

Posted on by Melvin

Being a homeowner means taking additional measures to secure you and your family’s financial security like investing in high-value homeowners’ insurance. On the surface, it may seem as if a regular policy is all you need, but it might not be enough if you have extremely valuable items. According to www.danielsinsuranceinc.com/, high-value home insurance offers protections not normally seen in traditional/standard policy options. Here are a few reasons why you should consider a high-value insurance policy for your home.

Extra Protection

High-value policies may cost more, but they offer more protection against things that could go wrong with your property or possessions. In the event of burglary, fire and other covered perils, the policy would provide the full replacement cost. Also, if an event happens that causes damage to your home and requires you to live somewhere else while it is being repaired, a high-value policy can help cover alternative living arrangements until the work is complete.

There’s nothing more stressful and worrisome than having to deal with unexpected issues that result in you needing to file a claim and learning that you have insufficient coverage. Choosing the right insurer for your high-value home and possessions from the start means less stress and fewer inconveniences when the unexpected happens.

Ways To Limit Your Risk in the Cannabis Industry

Posted on by Melvin

The cannabis industry has taken off at an amazing pace. No matter where your business falls in the production cycle, an appropriate cannabis risk management plan can help mitigate industry risks and preserve your interests.

There are multiple pieces to any risk management plan. Those include following employment laws, manufacturing and agricultural regulations, and using safe workplace practices. Having the right insurance can also help protect you (Source: www.canngenins.com/).

Protect Your Workers

In addition to general safety measures, you should ensure that workers who grow and process cannabis plants or who make products with them are covered in case of an accident or injury. Workers’ compensation laws may vary from state to state, but most require businesses with one or more employees to obtain coverage.

Cover Your Losses

Damage to business property and equipment can be costly. Equipment insurance can lower your out of pocket expense if you experience vandalism, theft, or weather-related damage.

Crop coverage can be the difference between a total loss and getting your expenses back if something happens to your hemp crop. It may also cover harvested plants that are damaged while in approved storage.

Guard Against Liability

If your business is involved in manufacturing cannabis products such as edibles, lotions, or tinctures, then product liability can protect you in case of legal claims against you and that product.

Depending on the scope of your cannabis business, you may choose to pursue additional risk management strategies. Just remember that failing to plan for risk is similar to planning to fail.

How To Choose the Right Workers’ Compensation Policy

Posted on by Melvin

If you are a business owner, one of your main concerns should be protecting your employees. One of the best ways to do this is by investing in workers’ compensation insurance. In most states, having this insurance is a requirement if you want to do business. Here’s how to choose the right workers’ compensation policy.

Get To Know Your State Requirements

The first thing you need to do is figure out what your state mandates are regarding workers’ compensation insurance. According to https://hilbgroupfl.com, you must have this insurance to do business in the state of Florida, for example.

Understand the Advantages

Having a workers’ compensation policy for your company is beneficial for several reasons:

  • It covers medical costs after employee accidents.
  • Employees can receive disability benefits while out of work.
  • In some states, vocational training may be offered for injured employees who can’t return to their jobs.

Put a Safety Plan in Place

Ironically, once you choose a Florida workers comp policy, you need to figure out how to avoid using it by reducing workplace accidents. This is why having regular safety programs and training in place is important. By mitigating the risks in your workplace, you can reduce the number of accidents that happen and tax your policy.

Don’t Wait To Get This Important Insurance

Workers’ compensation insurance is a valuable tool for virtually all businesses. With the help of an experienced insurance agent, choosing the right policy can be easy.

What Offering Employee Benefits Can Do For Your Business

Posted on by Melvin

There are a lot of expenses when it comes to running a business. One such expense is the employee benefits that you offer your employees. If you’re not sure if the cost of benefits plus insurance for those benefits is worth it, consider these advantages of employee benefits.

Experience Tax Advantages

Offering employee benefits can result in tax advantages, explains the iSure Insurance Brokers. The benefits that you offer are also expenses that you can deduct from your taxes. This means that the out-of-pocket costs may be less in the long-run. If you have an incorporated business, then the cost of insurance may be tax-deductible.

Find and Retain Employees

If you offer employee benefits, your employees are more likely to stay with your business. In fact, if you offer no benefits, it is more likely that an employee will choose a lesser paying job over yours if the other company offers adequate benefits. If you want your employees to feel as though they are treated well, then adding benefits can help.

When you run a business, you have to decide what benefits you are going to offer your employees. One of the top benefits to offer is healthcare. You may find that offering benefits to your employees results in higher employee retention rates and tax advantages.