Author: Melvin

Protecting Your Fleet from Many Different Exposures

While a majority of companies that use vehicles to conduct business must purchase commercial liability auto insurance as required by law in most states, meeting only the minimum legal requirements certainly will not provide your business with enough financial protection. Keep in mind that commercial liability auto insurance only covers injuries and property damage suffered by others in any accident you’re found at fault for.

You need to protect your business and your investment, and commercial physical damage insurance in Anaheim will help to cover the cost of repair, or replacement of damaged commercial vehicles. Any down time due to damaged vehicles in need of repair can dramatically affect your bottom line.

Physical damage insurance options

You can determine what type of coverage you want or need to have. Collision insurance in Anaheim can help you pay for repairs to your commercial fleet vehicles if there is damage resulting from a collision, overturn, or rollover. In the event that your vehicle is deemed a total loss, your collision coverage will pay you the estimated current cash value (minus your deductible) of your vehicle in order to help replace it.

A commercial comprehensive policy helps pay for the repair or replacement of your commercial vehicle anytime that it suffers damages resulting from incidents that do not necessarily involve traffic collisions, including fire, theft, vandalism, major storms, or collisions involving animals. Your policy may be designed to cover other types of damage as well. Consult with your agent for more specifics.

More and more, companies are opting to purchase combined additional coverage (CAC) as part of their fire and theft coverage, especially those working with large, heavy-duty trucks and vehicles. This includes coverage for floods, earthquakes, and incidents involving sinking and other acts that result in severe physical damage to the vehicle.

Where your business is concerned, you can’t afford to have insurance that doesn’t provide for every instance, known and unknown. While physical damage coverages are optional, they can be an essential part of your commercial auto insurance policy. Your company vehicles are one of the most important aspects of your business, and having a policy that includes physical damage insurance in Anaheim can ensure that you’re protecting them to the fullest.

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Insuring the Staffing Industry

The staffing industry is very unique. Instead of bringing in new workers for tasks within the company, they specialize in sending new and temporary workers to other companies. Because staffing is such a singular kind of industry, staffing companies face different challenges and have distinctive needs. These needs must be met in specific ways. Staffing insurance solutions are no different.

What to Look For

When it comes to insurance, a staffing company needs to be sure that their coverage comes from an insurance group that understands the industry and the challenges they face. Here are a few ways to ensure that you make the right choice.

  • Insurance provided to staffing companies alone
  • Risk management included in policies
  • Knowledge of VMS, ASO, MSP, and PEO services
  • Legal teams that specialize in staffing
  • 24-hour responsiveness and prompt claim processing

Every agency must protect their assets and be prepared to prevent losses. Making sure you have the right insurance is a critical part of that plan for success.

Don’t Neglect Your Protection

With staffing insurance solutions, you can never be too careful. Finding the right plan and coverage can be made easy with the right insurance company. When an insurance group has the highest level of staffing knowledge and experience, anyone in the staffing industry can be sure they are well taken care of.

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The Writing on the Walls: Understanding How Your Business Is Covered

Most enterprises rely on their office space as a crucial part of their daily operations. Because of this, business property insurance is one of most important policies any business can hold whether their space is rented or owned outright.

Policies are typically written either on a replacement-cost or actual-cash-value (ACV) basis. Knowing how your insurance policy is written is crucial to ensuring your company can weather a major disaster because it will directly impact how you are reimbursed.

Replacement-Cost Versus ACV

Policies written on a replacement-cost basis will typically reimburse losses at a higher rate than actual-cash-value policies because a replacement-cost policy will pay out based on the current market value of your property. By contrast, an actual-cash-value policy pays out based on the value of your property at the time of the loss and considers depreciation. There may be pros and cons to each type of coverage for your business, and there are a variety of factors that may impact the type of coverage you need, including:

  • Your business’s location
  • The type of property
  • Your desired policy terms
  • Your budget for deductibles and co-insurance

Being aware of how your business property insurance policy is written will allow you to be as prepared as possible should you ever need to file a claim. While either policy type may work for your company, you should always be sure you understand all the details of your coverage.

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Cyber Breaches and Healthcare Professionals

Nursing homes, assisted living facilities, and healthcare operators represent a large percentage of businesses in the healthcare industry facing a number of risks and concerns due to the outbreak of cyber breaches and cyber crimes. Cyber breaches are a huge risk for healthcare organizations due to the fact that they store important and confidential information on patients and employees.

This includes storing medical records, credit card information, social security numbers, and other confidential information on their servers. The liability issues can be severely damaging and data breach insurance coverage tops the list of steps to be taken to deal with these types of exposures.

Perform a regular risk assessment

One of the best ways any organization can try and prevent an attack is by knowing areas where they are most vulnerable. It can be extremely helpful to conduct regular risk assessments designed to expose areas of greatest concern. Doing so will enable your clients to identify those areas with the most potential for exposure and protect themselves by putting together a response plan that can protect against a potential attack.

They should, by now, have created a team designed to take on issues related to protecting confidential records. Hackers have become quite sophisticated, so even newer methods of prevention are required. Assign team members well-defined roles and ask them to put most of their focus toward identifying and preventing cyber attacks from occurring.

Regularly update software and systems

Out-of-date software and business systems represent one of the largest areas of vulnerability, which is why it’s recommended that systems be updated regularly. For example, knowing how often updates are released for certain programs can be vital to your client’s protection, as the longer software remains out-of-date, the greater risk of a cyber​ attack.

Most healthcare facilities work with outside vendors that may or may not have strong security practices that also put their businesses at risk. Cloud storage has become increasingly popular, but before selecting any outside company to work with, these facilities should do extensive research to ensure that security procedures are up to standards.

Perhaps the most important risk management step for all healthcare facilities is to secure data breach insurance coverage. No matter what is being done to prevent attacks, there’s always a chance that a breach will occur.

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Options for Transport Insurance

Some liability coverage is required for all cargo transporters, but these options offer very minimal coverage. For those wishing to protect their goods, in addition to the parties involved in transport, choosing motor truck cargo insurance is a more comprehensive solution.

Items Covered

While specific items will vary according to the type of policy and insurer, most policies will cover any liability associated with risks and damage from uncontrollable elements. These might include things such as water damage, equipment breakdown, accidents, theft, fire or refrigeration malfunctions. More detailed policies may include chemical, debris or pollutant management such as cleanup or removal.

Some policies will offer settlements or payouts for items unrelated to the physical product. Things under these endorsements may include loss revenue for undelivered loads, clerical or data preparation costs for loss situations and surcharges imposed by fire services for assistance with a cargo fire.

Who It’s For

Motor truck cargo insurance supports for-hire trucking companies using cargo vans, box trucks, tractor-trailers and flatbeds. Both long-haul or local service providers can benefit from this coverage, as these policies are designed to protect a specific shipment or sequence of shipments.

Those wishing to have more comprehensive coverage for their cargo during transport will find motor truck cargo insurance to be a sound investment. This will protect against liability from the most common dangers associated with transportation.


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How Insurance Can Help Protect You from Financial Losses

There are a number of ways financial loss insurance can benefit a contractor or similar businesses. Financial loss can occur in a number of areas from an on-site accident, to equipment malfunction. However, some insurance programs can help. Here are a few ways how.


In addition to your policy coverage, your insurance agent may also be able to recommend strategies for reducing the risk of theft. These may include recommendations for choosing a security system, securing equipment and placing guards. Many property insurance policies include theft in their coverage.


Fire is another risk that can lead to financial loss. In addition to helping you find a policy that includes fire coverage, your agent can help remind you to take proper precautions with flammable materials, and to have appropriate evacuation plans and safety equipment on hand.


In many cases an agent may be able to help formulate strategies to help reduce workplace accidents. These may include walkthroughs, safety meetings, equipment training, and inspections.

Choosing to invest in financial loss insurance can help your company in the event something does occur. But more than that your agent can make recommendations for strategies to help prevent accidents and issues before they occur. Insuring your company can help protect both your staff and your property.

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Finding a Great Insurance Agent in Orlando

Choosing an Orlando insurance agency is not difficult if you know what to look for. First, seek out a company that’s been around for a while, and that has a solid reputation. They should offer a wide variety of commercial and individual plans, with the ability to customize their services based on your needs.

If you’re looking for commercial coverage, they should be able to examine your company’s asset base and determine your liability exposure, then look at what the potential is for financial loss and your current measures for loss prevention. Based on this, the agency should be able to make sound recommendations. They should offer a range of commercial solutions, including workers’ compensation insurance, insurance for surety bonds, liability insurance and commercial property insurance.

If you’re looking for insurance for personal needs, make sure the agency is a local company that knows the Orlando area and the kind of challenges people there face. A wide selection of coverage choices should be available, from renter and home owner insurance to flood insurance, car insurance and life insurance.

No matter what kind of coverage you need, whether for yourself or your business, the Orlando insurance agency you choose should be one that can provide you with a solid solution at a reasonable price, customized to your needs.

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Taking Charge of Your Health

Finding the right coverage for you and your family is more challenging than ever before. With so many private plans to choose from, as well as different employer-sponsored options, having a guide on the journey can save you a lot of time and money. So, before taking on the task yourself, learn about the benefits of ISU health insurance agencies and what they can do for you.

When you sit down with an ISU agent, you have a chance to share all your specific needs and concerns with one person dedicated to finding the best policy for you. Through their direct access to a comprehensive database of resources and experts, you will no longer need to search from plan to plan. Instead, your agent will know exactly where to look to find the answers you need to confidently make a final decision.

No one has the same requirements for their healthcare, even members of the same family. Do not let the confusion of insurance plans leave you feeling frustrated, powerless and under-covered. Whether it is coverage for vision, dental, medical, or a combination of all the above, enjoy a one-stop shopping experience. Take control of your well-being and look to ISU health insurance agencies for the assistance and personal attention you deserve.

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Factors that Can Affect Insurance Premiums for Assisted Living Facilities

Running any kind of business comes with certain necessities that you must factor into your budget. It’s hard to do so, however, when you don’t have any idea what to expect. In general, insuring an assisted living facility is going to cost a minimum of $15,000 in premiums. There are several factors that affect exactly how much you can expect your assisted living insurance cost to be.

A large factor is the type and state of the property. If you run your facility out of a home, brokers may be less inclined to underwrite your policy as it is more difficult to regulate and probably will require many upgrades. The security measures you have in place, such as pull alarms in the bathrooms just in case residents slip or monitored doors, can also affect your premium. Even something as simple as the grade of your lawn, as steeper lawns tend to lead to more falls, can be taken into account.

The services you offer and the qualifications of the staff providing those services also affect your assisted living insurance cost, as is the general health of your residents. Are there routine checks in place to assess the progress or decline of your residents, and do you keep good records of those checks? Depending on the number of years you have been in operation, you should be able to show patterns of behavior that warrant consideration for good premiums.

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Why You Need Cyber Insurance

No matter what kind of business you run, you probably spend some time in cyberspace, even if it’s just to update the website or send emails. The risk services package of every business should include comprehensive cyber insurance. A good insurance solution covers your business from various types of cyber attacks and the fallout from those breaches.

When many people think of cyber risk, they often only think of security breaches that result from hacking. While such instances certainly occur, cyber issues can also include things like social engineering, such as extortion or phishing attempts, or other acts of internet fraud. A comprehensive policy protects your company and your clients no matter what kind of problem you face.

Risk services should include the ability to report claims 24 hours a day. You will need both cyber and privacy liability and may even be interested in a media liability policy, all of which cover the cost of legal fees and settlements if needed. Because cyber attacks can shut down at least part of your business while the problem is being fixed, it is a good idea to include business interruption coverage as well.

Every business has cyber risks. You can curtail the cost with effective risk management that includes solid insurance coverage.

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