Getting Your Establishment the Protection it Needs

RMS Hospitality Group

Insurance can be such a hassle to deal with as a business owner or manager. There can be plenty of risks involving locations specializing in hospitality. That is why getting together with a good insurance team that can get you the right policy package can save you more than you think.

What Coverages Should You Consider?

When it comes to insurance, it is much better to be prepared with the right amount of policies than being left paying out of pocket. Therefore, a policy like liquor liability should be a top priority. This coverage comes into play when a patron who was served alcohol on your premises causes property damage or injures themselves. You may even be held liable if they hurt someone else. Liquor liability handles the financial necessities of such a claim.
Another important policy to add to your coverage is a general liability. A policy like this comes in handy for the potential injuries, slips and falls that occur in a setting like hospitality work. You should also make sure your package includes commercial property insurance.

Why Brokers?

Hospitality insurance brokers work for you and not for the needs of a specific agency. RMS Hospitality Group recommends that you meet with insurance experts that can adjust to your specific situation as soon as possible so they can build a plan just for you and at a rate you can afford.

Protections for Those who Sell Real Estate

Real estate is likely the most significant investment that will be made in a person’s lifetime. Because of that, it’s no wonder that many seek guidance in order to find the best options and navigate through the ownership process. With this considerable responsibility, it’s no wonder that workers in this field are generally compensated well for their expertise. However, on the flip side, if things go awry, they are also often at least partially liable for some mishaps that may follow. Luckily, with safeguards such as real estate insurance, it can be easier for these professionals to focus on providing quality service instead of the potential exposures inherent in this industry.

Why It’s Necessary

When things go well between a client and their real estate agent, it can be a harmonious match in which both parties benefit; a client can enjoy the best possible properties to fit their needs and specifications while an agent can profit off commissions earned from a sale. However, when there is a disagreement, settling it can be time-consuming and expensive. As seen on, the type of coverage that is relevant to the needs in this industry such as those covering the following:

Damage or loss occurring on properties
Losses from natural disasters, crime or accidents
The legal responsibilities placed on agents and brokers throughout the selling process

With these types of protections is easier to have peace of mind in an industry with plenty at stake.

Your Auto Insurance Should Be as Unique as You Are

auto insurance in sugar land

You can tell a lot about someone by the car they drive. For instance, you can tell whether they’re more likely to be a family person or a swinging single. You know whether they’re outgoing or subdued, low-maintenance or madly in love with the finer things in life. You can intuit a lot of things about how they probably spend their free time as well. It only makes sense that a person’s auto insurance in Sugar Land is just as individualized.
The better your insurance fits your unique lifestyle and needs, the more thoroughly protected you’re ultimately going to be. Good auto insurance in Sugar Land policy should fully cover anyone who’s likely to drive your vehicle at any point in time. It should take into consideration the stats of the vehicle, up to and including its make, model, mileage, and age. The best auto insurance will be fine-tuned according to your personal driving record and experience as well.
Successfully finding the best auto insurance in Sugar Land for your needs starts with a detail-oriented insurance company that’s dedicated to putting together a policy that’s as one-of-a-kind as you are. The sooner you get started, the sooner you can rest easy in the knowledge that you and your vehicle are fully protected no matter what.

Considerations in the Beauty Business

botox malpractice insurance

The beauty business is one that will continue to be valued by both men and women worldwide. Helping people to the look and feel their best, gain confidence and be the best versions of themselves are just some benefits of working in this field. However, the truth is that like all businesses, even those in the beauty industry must keep their guard up and protect against potential risks that may affect their reputation and profits. Whether a business provides something temporary such as makeup services, or something more permanent such as Botox malpractice insurance is imperative for protecting all parties involved.

Possible Challenges

Many people who work in customer service can vouch that there are many challenges that are inherent in this line of work.

For beauty professionals specifically, these can include the following:

Client dissatisfaction with services
Contractual disagreements
Human error by the beauty professional
Disruption in business caused by extenuating circumstances
Miscommunications between practitioners and clients

While most clients are likely to be satisfied with the services of a true professional, it cannot be said for certain that these mishaps will not occur. If not already mandated by law, for business providing services such as hair, makeup, nail care, skincare and botox malpractice insurance and other protections should be put in place before even taking on clients.

The Benefits of Having a Separate Crime Policy

types of crime insurance

Most business owners know they need property insurance. This policy covers loss from physical damage as well as theft and vandalism. Not all crime-related loss is property-related, though. You may need additional types of crime insurance that cater to your specific risks.
Cyber Security A lot of sensitive information for both your clients is likely hosted on your system. Hackers can steal information, and you need an insurance policy that covers losses that occur as a result of a security breach.
Trade Secrets Carving out your own niche in your industry can be essential to your success. If your innovations are leaked to a competitor, it can easily affect your bottom line. Extra protection is needed to compensate for that loss.
Inside JobMany crime policies are designed to protect the company and its employees. When an employee embezzles or commits some other crime against the company, however, those policies may not be as useful as types of crime insurance that specifically protect against loss from the inside.
Kidnapping Some companies have a heightened risk for the kidnapping of key individuals. Your agent can discuss policies that address this risk.
Your building and its contents are not the only things you are at risk of losing. A qualified agent can walk you through your particular risks and find sufficient coverage.

Acquiring Warehouse Stock Insurance

insurance for warehouse stock

Companies such as Amazon and Wal-Mart live and die based on the profit margins earned from existing and new inventory. For a moment, take stock of the wide variety of products these two organizations provide and imagine how many warehouses are needed to store these products. Amazon and Wal-Mart likely have insurance for warehouse stock in each locality they do business in and for a good reason. While the total market value for each business usurps any amount of wealth one individual has accumulated, these companies cannot afford any unintentional losses. Insurance for warehouse stock is a worthwhile investment for any business that sells inventory as a primary source of revenue.

Reasons to Purchase Warehouse Stock Insurance

Similarly to an office building or a home, warehouses are susceptible to an unlimited amount of damages that occur due to burglary or natural disasters. If you are running a clothing store and your entire warehouse of inventory burns to the ground, you will likely wish you had insurance for warehouse stock. Should this occur and you are not covered, you could be in jeopardy of losing your business due to not sustaining current operations. While you do not want anything to occur to your warehouses, it is better to have preventative measures in place in case something does happen down the line.

Insurance Coverage for Finance Providers

bankers professional liability

When you work in the finance industry, your services expose you to many areas of liability. By offering more specific coverage than a general business liability policy, a bankers professional liability plan works to provide coverage for wrongful professional services acts. These are specific instances that could include:

The actual or alleged omission
Misleading statement
Neglect or breach of duty

Although it called a bankers professional liability, the coverage is applicable for a variety of professionals working with client finances. Some of the providers who qualify for this insurance would be escrow agents, tax planners, financial planners or estate planners. There is always the possibility of errors or omissions in your services despite your best efforts with client information and services provided. If you are considering purchasing an extended coverage such as this, it can be used for both full or part-time employees, members on the board of directors, officers and any seasonal or contract hire.

While this insurance provided financial assistance with legal costs and awards for judgment received against you or your company, it does not apply to situations that arise from fraudulent actions, dishonest behavior, criminal activity or willful negligence. It also will not cover incidents of slander, defamation or libel. Work with your local agent to ensure you carry enough professional liability coverage.

Why Laundry Services Need Insurance

fabricare laundry

One of the most important things any business can do is find the best-fitting insurance possible. While any business benefits from general policies, insurance programs with a focus on the specific industry of the business can ensure that all the unique challenges and risks are covered. In the case of fabricare laundry, there are a variety of liabilities that are present that many basic business insurance policies won’t cover. For that reason, it’s important to weigh your options and consider the ones more familiar with the struggles you may face.

Legal Problems

Fabricare laundry’s main risk involves the fact that the business’s main service requires bringing third-party property under its care. While doing so, any damage, loss or other problems become the responsibility of the business. If something goes wrong, claims can be made, leading to legal fees such as attorney costs, settlement, replace and repairment payments, etc.

Business Property

However, third-party belongings aren’t the only possible problem. With fabricare laundry, there is usually the inclusion of very complex and important equipment. If something breaks down or is damaged from frequent use or abuse, insurance can often cover the costs as long as it has equipment breakdown as a part of the policy.

Automobile Damage

Depending on where your fabricare laundry service is located, this can be more common than you may think. Drivers can make a mistake when parking and end up running into the storefront. If they do not have insurance for that kind of coverage, then financial responsibility becomes your business’s.

Common Risks Experienced by Every Property Manager

us risks insurance

Running an apartment building comes with many risks to the property manager. Using a company like US Risks Insurance to cover your liabilities can help you manage your risk. Here are some common risks.

Tenant Discrimination

Tenant discrimination still happens unfortunately. Despite your best efforts or intentions, the tenant may file a claim stating they were discriminated against.

Employment Practices

An apartment complex requires several employees to run efficiently. There are people to run the office, maintain the grounds and handle maintenance requests. An employee who feels unfairly treated or fired without grounds can sue your business.

Business Income

Disasters happen causing destruction and loss of income. When a loss is covered, business income insurance helps cover those extra expenses and loss of rent the property experiences.

Builders Risk

Adding a new building to your apartment complex can increase your rental income but the construction phase comes with its own risks. A builders risk policy covers mistakes the contractors may make.

D&O Liability

If the apartment complex has a board of directors, directors and officers liability helps cover mistakes the board makes. Common mistakes include discrimination and fiduciary duty breaches.

Protect the risks associated with running an apartment building by addressing these concerns with US Risks Insurance. The policies help protect the financial assets of the business and handle the claims process.

Recommended Insurance Coverage for Video Production

video production insurance

Anyone who has worked in the movie industry can probably tell you some amazing war stories. As spectacular as the end product can be some of the unexpected accidents involved in filming can be just as spectacular, but not in a good way. Sylvester Stallone spent nine days in the ICU after being punched in Rocky IV. George Clooney fell from a chair while filming “Syriana” which resulted in a severe head and spinal injury. And during the filming of “The Passion of the Christ” Jim Caviezel was actually struck by lightning. Anything can happen during filming, and this is why you need to have video production insurance.

Types of Video Production Insurance

Some of the most important types of film-related insurance you should carry include:

General Liability

Property Damage

Workers Compensation

Errors and Omissions

Completion Bond

Depending on what kind of video you’re producing you might need additional coverage. If you use any type of vehicle during filming you will definitely want automobile liability and collision insurance. If you’re traveling internationally you will certainly want travelers insurance. Filing abroad opens up a whole world of potential risk and liability. Keep in mind that most underwriters will want to conduct a site visit and read the film script before they offer coverage, so be prepared for that.