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Four Liability Coverages For Your Warehouse

Running a warehouse exposes you to a lot of liability risks. Protecting yourself against these risks can play a major role in your long-term financial success. Below are four of the key liability coverages you need to include in your insurance policy to keep your business protected.

Defining Liability Insurance

Simply put, liability insurance covers payments towards incidents and lawsuits where a non-employee suffers a loss because of your business activities. This can range from personal injury to property or financial loss.

Examples of Liability Insurance

General Liability – as the name implies, general liability is generic coverage for lawsuits from third parties claiming that they experienced bodily injury or property damage because of your business.

Warehouse Legal Liability Insurance – offers payments to repair or replace your clients’ items in case they become damaged or lost while in your possession.

Employment Practices Liability Insurance – offers payments for lawsuits involving claims of unlawful practices such as discrimination, sexual harassment and wrongful termination.

Cyber Liability Insurance – in case your customers’ confidential data becomes exposed or stolen by a hacker, your policy will cover the costs that are usually associated with such incidents including lawsuits, fines and penalties, customer notifications and credit monitoring.

General liability, employment practices liability, cyber liability and warehouse legal liability insurance are only some of the liability coverages available for warehouses. Work with an experienced agent to ensure that your policy includes the coverages that fit your needs.

No Workers Compensation: How It Negatively Impacts Your Business

For most businesses, workers compensation programs are a requirement. The specifics of the laws vary from state to state. One thing is for sure though, it is crucial to every business that hires employees.

Workers compensation coverage helps pay for claims against your business when an employee suffers an injury on the job.

Legal Ramifications

In many places, you have to have workers compensation for your employees. If you forego it, then you may have to deal with legal consequences. For instance, you may face jail time or have to pay a fine for not having insurance.

Monetary Obligations

If you do not have workers compensation, as the business owner, you may be personally liable. This means that you have to pay for any medical bills out of pocket, not to mention lost wages. If the employee files suit, then you also may have to pay for pain and suffering, not to mention your own legal fees. Now, if you are required by law to have workers compensation programs, you may also suffer a fine.

Even if you think that you are cutting corners or saving money by not investing in workers compensation programs, you may end up paying more in the end. After all, legal fees and fines cost more money than the insurance itself.

5 Social Media Ideas for Insurance Agents

Social media is booming in recent years. Not only do people use these types of websites to keep in touch with friends but also find helpful and personal services through businesses and companies. In order to successfully reach out to potential and current clients of your insurance, there are various methods you can try. Here are just a few ideas for insurance social media content to try.

1. Post an Introduction

Creating a humanizing presence to your social media account is vital in encouraging trust and grabbing attention. To start off, introduce yourself on your page to let people know the person behind the account and agency.

2. Make Use of Trends

Trending topics on social media grab the attention of more people. Including the topic or hashtag in your insurance social media content can drive more traffic to your post and page.

3. Post for the Holidays

Holidays are always something to look forward to. Join in on the conversation and excitement by making posts about upcoming ones.

4. Make Them Laugh

Everyone can use a good laugh. Using humor will give a positive connection to your insurance agency as well as prompt people to share your posts.

5. Join the Conversation

Commenting directly to people adds both a human element as well as allows for helpful interactions. People will remember if you reply to them, and if you offer them aid, they’ll find out they can trust you to work with them.

3 Benefits of Recreational Boat Insurance

Toss on a life jacket and hit the water in your boat on a warm sunny day for recreational fun. The day is hot and the water is cool perfect for water skiing, tubing or swimming. Protect your boat and yourself against financial loss in the event of an accident. Recreational marine insurance programs provide owners with three key benefits.

Liability Coverage

Cover your liabilities in the event your boat hits another vessel whether due to a freak storm or plain bad luck. Instead of you having to pay the full amount, the insurance helps you cover the costs.

Property Damage

Repairs or full replacement of your boat can be very expensive. Insurance steps in and covers the costs of those repairs many up to the full cost of the boat. In addition, they often cover the towing and transportation of the vessel to the repair facility.

Bodily Injury

While no one wishes anyone to get hurt while out on the water, accidents do happen. The insurance helps cover the cost of treatment and hospitalization due to a boating accident.

Take advantage of these benefits provided by recreational marine insurance programs. They can save you money and time. Stay safe out on the water and enjoy the peace of mind of a solid insurance plan.

Insurance Products for “Green” Businesses

A well-kept and beautifully landscaped yard can be the pride and joy of a homeowner. While they look effortlessly groomed, landscapers, arborists and other “green” businesses understand how much hard work goes into maintaining it. There is a myriad of things that can go wrong when working in a yard. Massachusetts insurance agents provide policies that may offer financial protection that prevents enormous costs from devastating a small landscaping business.

Unfortunately, mistakes, accidents, and injuries that occur on the job may lead to lawsuits. Insurance agents offering specialized products for landscapers and lawn care companies can customize policies to cover situations from property damage and slip-and-fall accidents to Worker’s Comp and other common risks. General liability insurance can cover the cost of a third-party lawsuit over these issues as well as reputational damage.

Having the right tools, supplies and equipment are vital to the success of a lawn care related business. Property insurance can help cover losses as a result of theft, fire, vandalism and other specified events. Tools and equipment may include everything from rakes and wheelbarrows to computers and printers.

Business owner’s policies bundle property and general liability insurance, often at a reduced premium. Massachusetts insurance agents can help small business owners select the policies which best suit their needs. Commercial auto insurance, Worker’s Comp and inland marine policies may be added to provide the coverage you need and reduce unnecessary risk.

The Top 3 Most Common Causes For Dry Cleaning Legal Disputes

The dry cleaning industry has a strong financial responsibility to handle their customer’s garments without causing damages. For this reason, a dry cleaning service should be familiar with the most common causes of inconclusive dry cleaning insurance claims to avoid any damages.

1. Care-Instructions on Garment Ignored

Some garments are simply not compatible with dry cleaning methods and can be a common cause for unnecessary legal claims made against dry cleaner businesses. The best possible solution to avoid these types of issues is to be 100% confident that the care instructions for this type of garment are authorized for dry cleaning before servicing it.

2. Manufacturer Errors

More times than not, a garment may lose its color or prematurely fade after taken to a dry cleaner for service even if the care procedures are followed. Instead of paying costly legal fees, the dry cleaning service can send the damaged garment in to be inspected for manufacturer mistakes to avoid paying costly property damages.

3. Old or Pre-Damaged Garments

The fabric in a garment will become frayed or worn over time, especially if the customer dry cleans the article of clothing often. As a rule of thumb, a wool garment should not be cleaned if it has been worn less than 20 times or is not soiled thoroughly. Consider inspecting every inch of fabric for damage before agreeing to process their order to avoid dry cleaning insurance claims.

Complete Coverage for Your Manufacturing Company

Every manufacturing company is unique, but all share a common worry; the need for comprehensive insurance protection. Coverage that may be enough for a normal business will not be sufficient for a manufacturing concern. It is for this reason that it is so important to consult with an experienced agent or broker when choosing a total plan of insurance for manufacturers.

The Basics

Every business, including a manufacturing company, requires a core package of insurance coverage that includes property, commercial auto and general liability. Often called a business policy or a commercial package policy, this combination covers the loss or damage of real property, personal injury claims of customers or third parties and collision and liability involved with vehicles used to conduct company business.

And Much More

All fine and good, but insurance for manufacturers should include much more than standard business protection. Depending on your industry and scope of operations, your company may require some or all of the following:

  • Product recall and product liability insurance
  • Workers compensation
  • Employment practices liability
  • Directors and officers liability
  • Manufacturers errors and omissions (professional liability) insurance
  • Business interruption
  • Equipment breakdown
  • Crime
  • Pollution liability
  • Selling price insurance

Don’t gamble the financial health of your manufacturing business. Determine your risks exposures and acquire insurance for manufacturers that provides comprehensive protection.

Yacht Insurance 101

Yacht insurance is the insurance policy that provides liability coverage on yachts or pleasure boats. This type of insurance provides liability for damage to property, damage to personal property and bodily injury. Yacht insurance may also include towing or assistance in case of an emergency. After you learn a little about yacht insurance, it’s always wise to look into yacht insurance quotes.

Boat VS Yacht Insurance

The first thing that most people want to know is the difference between boating insurance and yacht insurance. Well, first, boats are smaller. A yacht is 27 feet or larger, whereas a boat is classified as under 26 feet, normally. Since a larger boat travels further with more passengers, there is broader coverage for yachts compared to other boats.

Yacht Insurance in Two Parts

Yacht insurance contains two different components. First, there is hull insurance. Hull insurance covers direct damage. All parties must agree on a value of the vessel at the time the policy is written. This policy will also include replacement cost coverage on any partial loss.

When it comes to insurance, you need insurance that fits your specialized needs. When you own a yacht, there are a lot of special risk factors. This is why it’s crucial to get yacht insurance quotes for your pleasure boat.

Workers Compensation Benefits Explained

Workman’s comp insurance is a type of insurance purchased by employers that cover work-related illnesses and injuries. It is often referred to as “workers comp.” Workers compensation is often state-mandated through a program that requires compensation to works injured or disabled while doing their job. In most cases, employees are entitled to workers comp regardless of who was at fault for the injury.

Incidents Covered

Workman’s comp insurance is designed to cover injuries that result from either an employee’s or an employer’s carelessness. Although the range of covered injuries is broad, there are limits. For instance, alcohol and drug tests might be mandatory for an injured employee. Benefits may be denied if the individual is found to have been under the influence when the injury occurred. Self-inflicted injuries may also be denied.

Expenses Covered

Typically, workers comp insurance covers

  • Costs of retraining
  • Death benefits
  • Immediate medical care
  • Long-term medical care
  • Lost income
  • Permanent injury compensation

It also may provide protection to employers from lawsuits related to the injury. Many times, benefits do not cover pain and suffering. When it comes to lost wages, most policies cover 2/3 of the worker’s average wage. There are limits to this coverage as well.

Workman’s comp insurance is benefits both employees and employers. Employees don’t have to worry as much about getting hurt on the job and employers don’t have to live in fear of lawsuits.


Common Risks for Radiologists

Radiologists are vital to the medical community, using specialized equipment to generate images used to assess patient injuries and diseases. These medical doctors’ contributions are indispensable to formulating thorough and accurate diagnoses. However, the world of radiology, especially cyber medical imaging, does have its own unique risks.

Occupational Hazards of the Past

In order to create the detailed, in-depth images that radiologists in the past were exposed to hazards from radiation emitted from machines used. Some of these risks included an increased likelihood of developing health problems such as cardiovascular disease and cancer. Luckily, thanks to modern technology, these risks are drastically minimized, no longer posing any significant threat to these professionals.

Modern-Day Concerns

While those working in radiology no longer need to worry about job-related health concerns, there are still work-related exposures that they must prepare for. When working in this field, including cyber medical imaging, actual risks that must be addressed include:

  • Cybersecurity for confidential images and information
  • Actual occurrences or accusations of malpractice
  • Commercial property

With any other business, basics such as workers compensation, commercial auto and employee conduct-related issues must have safeguards. A practical solution is to find a specialized plan that not only addresses field-specific concerns but also has a solid foundation that covers all other liabilities. These are the only real risks of working in radiology and virtually any other medical profession.