But these items are also easy targets for burglars and thieves who may gain access to your house while you’re away and will steal these expensive items in order to make a quick buck. That’s why you need Orlando home insurance, which will allow you to replace items stolen from your home and these helpful protective tips will help you to protect your electronic devices from possible theft.
Ideally, your business insurance policy will be based on the size and function of your company. For example, if you work from home, you’ll likely need less insurance than someone operating a storefront office. Those businesses that have customers entering their facility on a regular basis will need more insurance than a business that has few employees and little or no foot traffic.
All small businesses should cover their facility from the usual concerns, including fire, flood, or other types of building or structural damage concerns. You should also be sure to cover any assets, such as computers and electronics, inventory and stock if you sell products, and any other important tools and materials that are used to run your business.
For anyone having employees it’s important to have coverage for any sort of injury or issue that could result from the type of work they perform or the existing conditions, and if you cater to customers coming into your business it’s extremely important to have general liability coverage for any injuries or issues that they may face as well.
To further help to protect your business, you’ll need to take precautions to ensure that your property remains safe at all times. Ways to accomplish this include regular maintenance and taking precautions, including:
One of the best preventative measures, with regards to running a small business, is to always carry adequate amounts of New Jersey small business insurance coverage. Your insurance agent can help you with important decisions on just what kind of coverage is necessary to protect you from any liability issues now and in the future.
This includes consultants, telecommunication carriers, software developers, web designers, ad copywriters, placement services, and, a host of others. For example, any time a real estate agent acts on behalf of a client and is later accused of making a mistake, or negligent misrepresentation, such as failing to disclose a known material fact he or she was aware of, they run the risk of being sued.
Regardless of the outcome, there is the likelihood of the burden of paying legal defense costs. Fortunately E&O policies are designed to cover many of these defense costs, as well as the final judgment to the plaintiff, in the event that the licensee doesn’t win their case.
General liability insurance absolutely will not cover individuals for claims associated with errors and omissions (E&O). Most liability policies either cover only accidents, as opposed to actual claims of professional errors, or have explicit exclusions stating that no E&O claims will be covered.
In the early days, E&O insurance policies provided “occurrence” coverage. These types of policies covered all acts made during the coverage term, with little or no regard to when claims were actually made. Referred to as a “long tail” policy, they permitted the filing of claims up to twenty years after the covered mistake.
In the early 1980s, “claims made” policies were created, which only cover claims made while the policy is in effect, including a short “tail” period (usually around 60 days). There is an option available to an insured to cover acts prior to the start of the policy, using a “retroactive date”, and some policies can also provide “tail endorsements” if an insured wants a longer time period after the policy ends.
The “claims made” form of policy dramatically reduced coverage costs for errors and omissions insurance carriers, while providing a more stable and more manageable risk calculation. For specific questions regarding coverage options speak to a local insurer.
There are standard coverage areas provided by nearly every typical restaurant insurance policy. These areas include, but are not limited to, property, general liability and crime. These standard coverage areas provide a type of base-line coverage to make sure that all the main features of a restaurant are compensated for.
There are also additional coverage areas that can be added in order to provide more complete policies. These can include liquor liability, employee benefits, and employee/non-owned vehicle liability. These additional coverage areas make it easier for certain businesses to be completely covered by their insurance, but are not necessary for all restaurants. There are also some providers that offer even more selective coverage, including food contamination business interruption coverage and pollutant clean-up and removal, in order to more completely cover the restaurant industry.
When you offer restaurant insurance in California, you are offering every fine dining and table service establishment a chance at success. Through the standard and additional coverage areas, nearly everything is covered in order to allow your clients to do their best work in a safe environment.]]>
Companies that provide software to support all ISO-based commercial insurance lines offered are vital for those looking to streamline their operations, which is a viable way to save in both human and financial resources. This is an advantage for the agencies that work with MGAs with a turnkey rating program. Agents are able to get quotes faster and focus more time on other aspects of their business, including generating sales and building more and better customer relationships.
For example, an insurance rating system designed for agencies will not really work effectively for an MGA, Program Administrator or insurance company that is solely interested in providing solutions for their niche markets. This requires a commercial lines rating system that is designed to provide specific product solutions and once integrated with an MGA administration and policy issuance system, will save lots of valuable time and money, as well as eliminating duplication of any work performed.
Insurance and brokerage duties for Program Administrators and MGAs can be vastly different from one agency to another. MGAs are often faced with unique challenges within their industry due to having a wide range of customers and clients, and often dealing with specialized claims. An insurance rating system may help to provide more accurate online ratings and quotes to customers.
It’s pretty clear that, with the help of rating systems for MGAs, many specialized agents, brokers, and underwriters are constantly improving their level of performance. With insurance rating systems for MGAs, MGAs get a system designed for the markets they serve, along with features for customization for clients’ to allow the agency to see and experience the company brand.]]>
Those looking to purchase insurance often find the process to be a very emotional and personally taxing experience. After all, purchasing the wrong product, or inefficient amounts can be disastrous. As the person who is selling insurance, you need to understand that your customers are looking to purchase the best products and services, but they’re also looking for an agent they feel comfortable working with, and one they can trust.
This is where your personality, along with your picture on the website or in marketing materials, comes into play. It’s an added value that customers and prospects can identify with you. By getting customers to make that special connection to you, they’re much more likely to want to do business with you.
Having a newsletter, either an email version or a printed hard copy, can help you to share important industry information, tips and advice with your customers. This process of sharing information with prospects and customers that they can apply to real-life situations helps you to build credibility with your audience, and credibility leads to customers wanting to do business with you as you’re being perceived as one who is very knowledgeable about insurance products.
Make a habit of at least once or twice a year sending a direct mail postcard or letter to your customers. This simple task keeps you in your clients’ minds while showing your interest and concern in their current status. You can suggest they come in to review their insurance policies, and also remind them to inform you if their situation has changed so you can both work together to make any necessary changes in coverage.
This is an indirect form of insurance sales marketing because, while you’re not trying to sell them on a specific insurance product or service, you are showing thoughtfulness, which may lead to a sale if the customer has a need for a new or changed policy, or they may give you a referral leading to new business.]]>
Owners of nursing homes have never had to ask the question, “What is workers compensation insurance?” Nursing homes rank among the top 10 industries for workers’ compensation claims as a result of musculoskeletal problems, which is one of the major causes of worker absenteeism and worker injury. Reported rates of musculoskeletal injury among workers in other occupations have not been nearly as high as those among nursing home workers.
Nursing home employees perform many physically taxing activities, such as transferring residents to and from their beds, lifting heavy loads, and oftentimes working in awkward postures. In addition to this they are constantly manipulating the technology that supports patient care, which can also be physically straining. The increased worker injury rates can be directly linked to increased exposure to dangerous working conditions along with diminished recovery time between these exposures.
Worker injuries in health care facilities associated with staffing numbers and the skill levels of those employees have been previously examined, but because health care institutions have been required to perform more efficiently, the resultant changes are lower staffing levels and, with an increase in patients, the number of work related injuries have increased as well.
A review of the impact of staffing on health care by the Institute of Medicine noted that there is empirical evidence that shows back injuries among nurses are directly associated with staffing levels. What is workers compensation insurance? It’s the best line of defense for getting medical attention to workers requiring assistance, as well as financial support for workers who must miss work as a result of those injuries.]]>
Although everyone thinks of cleaning when it comes to spring, some houses may be in need of repair, and while the weather here in Orlando has been anything but fierce, we know that there are a number of things you can do to make sure your home is ready when the weather in Florida changes, however slightly. This is also a good time to review your Orlando insurance for your home and make any necessary changes to your policy. Below is a selection of maintenance tasks from the National Center for Healthy Housing:
Your home is likely one of the most valued possessions you own and you owe it to yourself to keep it in tiptop condition. If your home requires any major repairs this is the time to contact your Orlando insurance agent and get the problem properly addressed.
Consider that piece of art you bought to help out your friend’s gallery. The artist went on to become more famous or died, and now your artwork is worth even more. Would your insurance cover the full value if it were damaged in a fire?
Property values go up over time. When was the last time you had your home appraised at market value? Most people don’t think about an appraisal until they’re ready to move, but your homeowners insurance valuation is based off your last appraisal. If the worst happens, would you be able to rebuild your home?
Work with your insurance agent to get NJ homeowners insurance quotes for your home and lifestyle. Don’t risk the largest asset in your portfolio by not updating your policy. Find the right company to help you protect your financial future by having comprehensive coverage for your home and family. Work with your insurance agent to make sure you have the peace of mind no matter what happens.
Doing so could prevent major damage that could require that you file a costly claim with your CT homeowners insurance agency, and that could lead to paying higher premiums in the future, and who wants that? Here are two worthwhile projects that are perfect for a spring home makeover and this could additionally add to the resale value of your house.
If you had the opportunity to experience heavy rainfall in your area recently, this might have been a good indicator for just how well your rain gutters are holding up. After all, without rain gutters, or those in need of replacement, your home would be defenseless against the raging rainstorms that occasionally hit this area. The resulting water could erode the soil around the foundation, splashing dirt onto the siding of the house and creating leaks down into the basement, all possibly causing internal damage to the house.
Investing in new gutters can help to cut maintenance to a minimum — which means no more climbing onto the roof to clean out any clogs. Shop for a product that can help lead water away from your house, along with keeping leaves and other objects from clogging up the system.
This year’s record snowfalls took a toll on plenty of roofs in the state of Connecticut. Your home’s roof may have experienced damage that has gone undetected, causing moisture to seep in between the cracks and creases resulting in the disintegration of some of the shingles. We suggest that you have the roof inspected and, if necessary, repaired by a professional roofer.
These are just two ways in which you can save a whole lot of money by doing some preventive maintenance to the exterior of your home in order to protect the interior. If any serious damage did occur, you can be comforted to know that your CT homeowners insurance will provide the necessary relief. Speak to your agent with any questions or concerns.]]>