Spring is here bringing unpredictable weather along with warmer temps and blooming flowers. The better weather starts the construction industry moving faster again. Protect your business against liabilities with Northstar insurance Needham and use these safety tips to lower your risk.
Thunderstorms often bring lightning to light up the sky and potentially wreak havoc on the construction site. Between heavy machinery, tools and building materials, construction sites have lots of metal objects to attract lightning. Have a plan in place when lightning is spotted in the area.
There are times working in the rain is unavoidable. Protective gear and clothing keep workers dry and safe in inclement weather. Waterproof boots/shoes, raincoats and hats help keep them safe as they move about the job site while the rain falls.
Rain can leave behind stagnant water and mud. Wet and muddy surfaces are slick to move about increasing the risk of falls and injuries. Sometimes water must be worked around to keep the project moving forward. Have a safety plan to handle working in wet conditions.
The best safety plan cannot fully prevent injuries from happening, but they can reduce your business’ risks. Lower risks and fewer claims help keep your Northstar insurance Needham rates from rising. Safe workers continue to work keeping your business on track.
Debunking 3 Myths About Medicare and Home Health Care
As you and your loved ones age, it is likely you will at some point question whether home health care is covered by Medicare. However, it can be complicated to ascertain what is and is not covered. Here are a few common misconceptions surrounding Medicare and home health care.
1. Home Health Care is a No-Strings-Attached Part of Medicare
A patient will need to meet certain conditions to qualify for home health care coverage under Medicare. First, the patient’s doctor must certify that he or she is homebound, in need of skilled care (including skilled nursing and therapy sessions) and qualifies for Medicare home health care. Additionally, the patient’s care must be managed by an agency with Medicare certification.
2. Home Health Care Includes Housekeeping Services
There are a number of things that Medicare will not cover for patients. These services can be, but are not limited to, 24-hour care, certain prescription drugs, housekeeping and meal delivery.
3. Home Health Care Does Not Include Social Services
Actually, Medicare will cover medical social services such as counseling. It will also cover physical, speech and occupational therapy for patients. Home health care resources are available for up to 8 hours per day and 28 hours per week. If you have further questions about whether home health care is covered by Medicare, consult your doctor and the resources provided by the Centers for Medicare & Medicaid Services (CMS) to obtain the best information for your family.
The Difference Between Captive Insurance and Mutual Insurance
It can be a complicated experience to search for and find the right insurance company to meet your needs. In your research, you may come across captive insurance companies, often shortened to captives. On the surface, these companies may sound like mutual insurance companies, but there are a few differences.
Who Owns What?
The main difference between captives and mutual insurance companies lies in ownership. Captive insurance companies are fully owned and operated by their policyholders, whereas mutual insurance companies are owned by their insured parties but not controlled by them.
What Does That Mean?
When a mutual insurance policy expires, so does the insured party’s ownership in the company. On the other hand, captive insurance policyholders invest their own capital in the company. In doing so, they gain a voice to personally direct the running of the insurance company.
Why Choose Captive Insurance?
With greater investment opportunities in captives, insured parties can benefit from price stability, wider plan availability and lower costs than offered by other types of insurance companies. They also cite significant control of the company as a benefit. Captive insurance companies can provide the same traditional personal and property coverage offered by mainstream insurance companies, but with the added attractions of increased flexibility and participation in company decisions.
When searching for insurance for accountants, it may be hard to figure out what exactly you need. Working with an insurance company which focuses its coverage for accounting businesses can help with narrowing everything down and getting the exact coverage you need. There are a variety of insurance types and liabilities that should and can be covered, so keep in mind your likely risks and how to protect from them.
Who Can Get Accountant Coverage?
Financial advisory and handling can be a risky job and is a part of a handful of businesses and professions. If your work can lead to the financial loss of someone or a business due to acts of negligence and inaccuracy, then insurance for accountants may be ideal for you. This can include:
Business or Management Consultants
What Policies Do You Need?
While every business is different, there are a few insurance policies which will benefit any accounting or other financial services. Professional Liability may be the most important, as small mistakes can lead to huge losses and lawsuits. Others to consider are:
Employment Practices Liability Insurance
Other policies may be more unique, depending on if you are stationed out of a building that’s at risk of weather disasters, for example. This is why working with insurance companies to get all the best coverage can help you in the long run.
Marinas and yacht clubs are exclusive social clubs designed for nautical newbies and experienced sea lovers alike. Activities can range from sailing, fishing, power boating, racing events, as well as programs for junior water lovers. Your local marina or yacht club may even offer a swimming pool as an additional membership benefit. Many clubs also have restaurant and dining options for members and guests.
So how do you pick which marina or yacht club to join? Here are some of the major things to consider:
- Cost: Pick a club that you can afford so it doesn’t become a financial burden.
- Location: If you choose a club that is a great distance from your home you may never use it.
- Amenities: What kinds of programs do they offer? Do they allow junior memberships (if applicable)?
- Management: Is the club well run? Does it have adequate marina liability insurance to protect members, staff and property? Are the finances well managed?
Once you do a little homework and consider your options for marina and yacht club membership you are likely to find a group that will meet your needs and become a great source of entertainment and recreation for you and your family.
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.