When it comes to protection for restaurants, there are a few misconceptions about restaurant insurance. These myths tend to leave restaurants unprotected. If you’re a smaller restaurant and suffer a lawsuit without insurance, it can be devastating. Here are a couple of myths to be aware of.
Smaller Restaurants Don’t Have to Worry About Lawsuits
Many businesses buy into this misconception. They think that businesses with deep pockets are the only ones that have to worry about lawsuits. This isn’t true. Anyone can be sued and anyone can be found liable. No matter how much money you have, if you are judged liable, you have to pay the money. You may end up with your wages garnished or your assets seized without insurance.
Errors and Omissions Insurance Is for Other Industries
If you’ve shopped for insurance before, then you probably know that E&O insurance is crucial to doctors, accounts and lawyers. Did you know it could be necessary in the restaurant industry as well? The truth is that any industry can make mistakes! If you offer any type of catering service or if you host parties at your restaurants, then odds are, you could make a costly mistake and have to worry about an unhappy client.
If you own a restaurant, then you need restaurant insurance. Make sure to check over the coverages thoroughly to make sure that you have the best protection possible.
The diverse population and large landscape of Texas make it a prime spot for restaurateurs. Its not uncommon to find a Chinese buffet next to a Tex-Mex spot across from an all-American diner. That is why it is no surprise many have decided to open their own location. Unfortunately, many can fail to acquire the right insurance and are forced to close after just one financial issue. Thankfully, restaurant insurance in Texas is easy to come by as Texas has plenty of great agencies willing to help business managers.
What Coverages Should I Consider?
If you don’t have much experience with the industry, you may be wondering what policies are worth your time. One of these is general liability. General liability is a standard across most industries. This policy can take care of any personal damages that a third-party or clients undergo at your establishment.
If you are making deliveries or transporting catering, your vehicle can be involved in nasty accidents. This is just one reason why commercial auto is of utmost importance for Texas business owners. Not only because it is required by law but also because it can really save you from headaches in the future.
Restaurant insurance in Texas is much easier to deal with if you work with the right agency. Once you have the right package, then you are set for plenty years of booming business.
People love to see concerts and movie premiers, attend festivals and learn something new. Venues of various sizes and interests house large and small events open to the public. Entertaining the public comes with a host of liabilities the business takes on. Entertainment public liability insurance protects the business in the event of a lawsuit arising from the event.
If you plan to serve liquor at the event, you need a liquor liability policy. Drunk people let loose on a venue can cause damage to the property, themselves and others. Liquor liability covers the business’ liability in the event something happens.
Some venues require a general liability insurance policy to rent them. The policy covers the financial losses resulting in property damage or bodily injury occurring on the premises of everyone employed for the event.
Depending on the location of the event, natural disasters such as a tornado or hurricane can cause you to cancel your event. Cancellation insurance helps you recoup the deposits and costs already paid for the event if you need to cancel.
These are some of the common insurance policies needed by event holders. The types of entertainment public liability insurance policies needed depend on the event and location. Speak to an insurance agent to determine exactly what exposures your event has and what protection you need.
A homeowners association should protect its residents. In case of a disaster, an HOA has to have insurance coverage to protect itself and its residents. There is a lot that HOAs are responsible. For instance, HOAs have to comply with laws, maintain common areas and budget the community. It is important to take good care of your association. The only way to do that is through insurance from an HOA insurance company.
When it comes to insurance coverages, there are policies designed for HOAs. A good insurance company will be able to customize the policies to suit your needs. Some of these policies include:
- Crime insurance
- Cyber liability insurance
- Workers’ compensation
- Directors & Officers Liability
An HOA is a business and you need to treat it as such. Of course, you can count on these policies to be specialized. Keep in mind that HOAs are still prone to many of the same risks as any other business.
When it comes to finding the right HOA insurance company, you need to take into account that a provider that has experience with homeowners’ associations. These providers are more likely to understand the unique circumstances that your organization has so it will be able to insure you more accurately. Do not forego insurance. The consequences can be costly if you do.
Don’t Buy the Misconceptions About Lawyer Liability Insurance
Professional liability insurance is common in almost every industry. It’s necessary to protect your business against lawsuits for alleged malpractice, errors and omissions and other issues. When it comes to lawyers, many smaller firms believe that they don’t need legal liability insurance. This is due to a few misconceptions that simply aren’t true.
Too Few Clients to Worry
Some lawyers believe that if they only have a small client base that the odds are in their favor. This isn’t necessarily true. It only takes one unhappy client for you to need professional liability insurance. Due to the misconception that there is less risk, lawyers might opt out because they don’t think it’s worth it.
If the Suit is Unfounded There Is No Point
Some legal professionals believe that if there is no reason to get coverage if the suit is groundless. Still, you need to stay covered for legal expenses, even if there is no validity behind the suit. Having liability insurance protects you, no matter if the suit is valid.
When it comes to legal liability insurance, all lawyers need it. It doesn’t matter if you have a small or large firm. It offers you protection in the even that a client holds you responsible for errors, malpractice and other issues.
California is one of the most business-friendly states in the country. Its large tourism industry, bustling Silicon Valley and gorgeous suburbs make it the right spot for investments. Restaurants are just one option. However, it is crucial to obtain restaurant insurance in California if you plan on taking advantage of this state for years to come. Here just a few coverages that benefit restaurants.
Workers’ compensation coverage can really come in handy during accidents. This policy manages the medical expenses and lost wages of employees if they fall ill due to job-related incidents. One example would be an employee slipping on a wet floor. You may likely have to pay for their medical treatment. Another type of expense this coverage can handle is lost wages. This can help an employee during their recovery.
This policy also matters because by California law every business with at least one employee must acquire it. Therefore, workers’ compensation is valuable if you want your business to operate under the law.
If your establishment sells liquor, then you may be held liable for any damages a customer causes while inebriated. Depending on your policy, you can pay for personal and property damage.
Navigating the world of restaurant insurance in California is simple when you work with the right agency. Contact one today to learn more.
Just as a homeowner protects their home with insurance, it’s necessary for a community association to find the right coverage. There are many HOA insurance programs that provide coverage for a variety of situations.
1. Protecting Against Crime
Crime is inevitable regardless of the city or neighborhood the association is in. Crime can range from individuals breaking in and stealing items to fraud and forgery involved in moving, sending wire transfers, and even problems related to employees. Having insurance that covers these issues makes it easier to stay on top of all the other pressing issues that come from running an association.
2. Coverage for Community Directors and Officers
Community directors and officers involved with the association can face problems that range from claims to lawsuits. Members of the association can file these against directors and officers if they believe there is a violation of their rights. Thankfully, HOA insurance programs have special coverage known as D&O (directors and officers).
3.Protection Against Cyber Risks
Banks aren’t the only institutions affected by cyber attacks. If there is a network breach of security, it’s important to stay covered with insurance that can handle everything from credit monitoring to claim defense.
HOA insurance programs are more than just an extra add-on. They protect an association from any possible unforeseen tragedy and allow them to focus on business as usual.
Insurance is not just about the fine print. If you do not have the right agent there by your side during the entire process, then you may face an unpleasant experience. You may also find yourself straddled with expensive, mediocre or unnecessary policies. That is why choosing the right agent matters. When you pick our North Star Insurance agents, you can receive the best care and customer service possible.
We have served New England for over two decades. This has gifted us with the history and experience of the area that really matters. Our agents know what kinds of policies work and do not work for you. We also have knowledge of the industry trends and information regarding your particular need or market. This way you can receive the kinds of coverage that can serve you well.
North Star Insurance agents work hard around the clock to give each and every client the service they deserve. With us, you can obtain the right kinds of policies in a efficient manner. If you file a claim, you can trust that it can be handled with great attention and speed.
Our agents are ready to assist you in all your insurance needs. We also offer risk management services to help prevent future incidents. Contact one of us today and get started on your future!
When you consider the luxurious vacations of celebrities on private yachts, you might wonder what it’s like to be a part of the inner circle of yacht ownership. For some, the ticket into the world of luxury is through ownership or operation of the marina where these magnificent boats are stored or docked. However, not everyone that needs to moor their craft owns a yacht. There are all types of activities and clients at a marina, requiring a multi-coverage policy that only marina insurance brokers will know best.
Your priority with insurance should be affordability and comprehensive coverage. Keeping your clients’ needs in mind will give you an idea of what coverage you need, but typically a marina will need the following inclusions:
- General Liability
- Ship Repairers Legal Liability
- Marina Operators Legal Liability
- Protection and Indemnity
- Products-Completed Operations Liability
- Piers, Wharves and Docks
- Yacht Dealer
- Real and Personal Property
- Boat Show/Exhibition
- Owned Watercraft
Marinas also employ a number of individuals that may require benefit packages to be in compliance with federal laws. The United States Longshore and Harbor Workers Act and Jones Act are two laws that need to be consulted when establishing a policy. Marina insurance brokers will know the particulars and will assist with drafting a coverage plan that keeps your company compliant and your clients happy.
Being a homeowner has its ups and downs. It’s wonderful to have a place to call your own, perhaps with a family to live and grow with together. It’s a staple of many people’s lifestyle dreams. However, if something were to happen which caused damage to the house or its contents, that dream can quickly become a nightmare. This is why looking into getting insurance for a homeowners policy in Paramus, NJ, is a paramount process for protection.
What Does Homeowners Insurance Cover?
While this varies from one policy to the next, depending both on the insurance and particular situation, there are some qualities that are typically covered. Some of these include:
- Property damage done to objects belonging to someone else
- Injuries caused by a household member on another person
- Personal items within the property
- Hotel bills while repairs are done on the house
Specific Risks in Paramus
Being a coastal city means that houses in the area are at risk of a number of things that would not exist in more inland cities. While living near the coast has its benefits, it’s important to look into a homeowners policy in Paramus which includes insurance for floods, wind and hail in the case of potential storms and hurricanes.