What Contractors Should Know About Builders Risk Policies and Liability Coverage

Builders Risk Policies

Between workplace injuries, damage to important equipment, claims, and potential court fees and more, construction contractors face a number of professional liabilities and risks that could be partly covered through a comprehensive builders risk policy. You may have heard of general liability insurance before, but builders’ risk takes it a step further to offer you protections specific to building and construction that you might not find bundled together elsewhere.

Builder’s Risk Coverage Gets Detailed and Specific to Your Construction Projects

One of the biggest advantages to builder’s risk coverage is that you can get very detailed in your policy about risks concerning your specific types of projects. For instance, you could potentially cover:

  • The scaffolding on projects
  • Your equipment or construction supplies
  • Your buildings

With General Liability, Third Parties Are Typically Covered

Getting a general liability policy will typically mean that damages to third parties are covered, whether in full or in part. Some of these damages include physical injuries or damages to company property, but the coverage may not be as specific as in a builders risk policy.

While general liability can offer any company some basic liability and risk coverage, for the events that can happen in the course of running a building business, you may want a more specific builders risk policy. By getting your risks covered, you can feel comfortable running your company without worrying about potential financial or legal harm.

The Self-Insurance Approach To Workers’ Comp

Workers’ Comp

Taking out a sensible insurance plan is crucial when it comes to protecting your employees. The right package for workers’ compensation, for example, can make all the difference. While you want to do what’s best for the people who work for you, it is also important to consider the costs involved. There are going to come times when your business cannot afford all of the fees and costs associated with traditional insurance packages. This is where a self-insurance approach can be useful.

The Advantages of Self Insuring

The biggest benefit of self insuring workers comp is the control it offers employers. This plan usually includes fixed costs at a lower rate than normal, which can be very useful for organizations working on a tight budget. Beyond this, you’ll have more control when it comes to the claims that are made. If loss prevention is a top priority for you moving into the future, this type of insurance can help you work toward that goal. The other advantages to this type of insurance structure include:

  • Pay-as-you-go options that help maximize cash flow
  • Claims are paid when they occur, rather than in advance
  • Mitigation of losses through better cash management

Research the Alternatives

An alternative approach to insurance can often provide employers with options that they did not know existed. Do what’s best by your employees and your business by taking a look at how self-insurance policies work and whether your business qualifies for the option.

Protecting Your Agents and Your Agency Through Appropriate Insurance


Owning a real estate agency can create a number of headaches. When one of your agents is negligent in some capacity, for example, it can have an impact on the rest of your business. What your agents do and how they act is a reflection on your company. This means you should definitely factor in your agents when creating an insurance plan. Covering acts of negligence is a great way to stay protected no matter what circumstances arise.

The Risks of Your Agents

Working with a professional negligence real estate agent specialist can provide you with a lot of insight on how to cover all potential risks. Essentially, the insurance broker will let you know about the agent’s duty and what “breaking the standard of care” can do to the reputation of an agency. By taking these points to heart, you can create a plan that helps you rise above and avoid some of the more common pitfalls associated with hiring an agent who doesn’t adhere to your standards. Other potential problems to focus on can include:

  • Zoning claims
  • Cases of alleged fraud
  • Fines resulting from negligence

Stay Protected No Matter What

Though you cannot always guarantee how your representatives will behave, you can do your part to ensure your brand isn’t tarnished by a simple mistake. Review your options with negligence insurance for agents to get a better feel for your options.


What Is Occupational Accident Insurance

Occupational Accident Insurance

Occupational accident coverages are similar to workers’ compensation protections. Independent contractors and those not covered under workers’ comp benefit from these policies.

What is Occupational Accident Insurance?

This insurance covers costs related to on-the-job injuries or mishaps for workers under the following conditions:

  • Independent contractors: Workers of this type do not have the benefits employees have regarding workplace injuries.
  • Trucking companies: Truck owner-operators are typically freelance contractors, not employees of the company. Individuals can procure a policy, or the trucking companies can offer it to their owner-operators as a benefit.

Can Employers Choose This Kind of Coverage?

Some states allow employers to opt-out of workers’ comp. To save money, they may choose to cover their employees with an occupational accident policy instead. This kind of insurance offers owners more flexibility to design their plans, select deductibles and coverage amounts.

What Does It Cover?

After the policy-holder meets the deductible, occupational accident coverages pay for things like:

  • Medical bills stemming from mishaps while performing work duties
  • Disability benefits for on-the-job injuries
  • Expenses related to an accidental death
  • Assistance for survivors
  • Costs related to accidental dismemberment

Unfortunately, misfortune occurs in the workplace, and independent contractors must have protections to mitigate their financial risks. Occupational accident coverages help reduce potential job risks and associated expenses.

The Advantages of Supermarket Premises Liability Insurance

Premises Liability Insurance

When you own a business, you are expected to make sure your customers are safe while they are on the premises. Supermarkets are no exception to this.  If something happens, you are responsible for taking care of their medical bills and you may even be sued. This is where supermarket premises liability insurance comes in.

What is Covered by Supermarket Premises Liability Insurance?

This type of insurance provides you with coverage for any injuries your customers, vendors, or guests may sustain. These injuries can occur due to many different factors. People can slip, trip, or fall while in your supermarket and this can easily lead to injuries. Injuries, no matter how minor they are, can easily result in a lawsuit. You don’t want to have to pay these legal fees out of pocket and supermarket premises liability insurance can cover them.

What is Not Covered by Supermarket Premises Liability Insurance?

Supermarket premises liability insurance does not provide coverage across the board and it does come with some exceptions. For example, this type of insurance does not cover your workers. If you want your workers to be covered while at your business, you should look into workers’ compensation insurance. It also does not cover damages to your business. Some examples could be fire, vandalism, or theft.

Owning a supermarket may seem relatively safe, however it is not risk free. Having supermarket premises liability insurance can make all the difference!

Common Types of Construction Bonds

Construction Bonds

Finding the right construction bonds can be tricky if you’re new to the business, but there are really only a few types to worry about for most jobs. Much of the diversity in the market comes from bond providers catering to niche needs larger developers might have on big projects. Getting started is as easy as understanding a small group of four or five bond options.

License and Performance Bonds

The two most basic types of construction bonds are license bonds and performance bonds. License bonds protect the project owner in the event your license is lapsed or there are similar credentialing issues with any subcontractors you hire. Performance bonds protect the customer if your performance causes them to miss milestones or otherwise incur damages due to setbacks that your business is liable for. Within the realm of performance bonds, there are also individual payment and supply bond options designed to protect the customer and your business in the event of disruptions to the raw material supply line or to your ability to pay subcontractors.

Maintenance Bonds

Maintenance bonds are also quite common, and they cover the ongoing maintenance of properties after construction is completed, providing for expenses related to design defects or other issues that cause maintenance costs to exceed the projections in the approved design for the project. This protects you and the client in the event of defects to the design or construction that aren’t immediately apparent at the conclusion of the project.

Heavy Equipment Insurance: What It Covers

Heavy Equipment Insurance

Heavy equipment insurance is necessary in some industries. It is especially critical if you work in the construction industry where heavy equipment is necessary for the function of the business. When it comes to industrial equipment insurance, you need to know what types of equipment it covers and the type of coverage it offers.

Types of Heavy Equipment

If your business uses heavy machinery in any of its operations, then you probably need to have heavy equipment coverage. The types of heavy equipment that your policy covers include:

Additionally, insurance can cover the components of your heavy equipment. For instance, if you need a replacement part, you may be covered.

Coverages for Heavy Equipment

You cannot predict every disaster. You may have preparations in place, but sometimes problems come as a surprise. Your equipment coverage can help fill the gaps that your other coverages leave behind. For instance, if there is an explosion or malfunction that damages your equipment, you need heavy equipment coverage.

Don’t leave your business unprotected. If you do not have heavy equipment insurance, you could lose money if your equipment were to fail for any reason. Repairs and replacements are not cheap. Even with maintenance, you can’t always predict if something is going to go wrong. Insurance keeps your company safe.

3 Ways Truck Drivers Can Reduce Accident Potential

Reduce Accident Potential

Professional truck driving is a hard and dangerous job. Even though there is rigorous training, drivers are exposed to environments, loads, and weather situations that can be beyond their control. It takes a lot of skill to navigate the roadways of the country safely, and these big rig driver tips can reduce your risk of accident or injury.

  1. Stay Rested and Alert

There isn’t always enough time between loads to get mentally and physically prepared for your next haul. The yard may need to be mowed, you may have errands to run, or you have friends and family to visit. Staying too busy can affect your ability to stay alert when driving down the road. Always take time to get enough rest before you head out.

  1. Follow the Weather Reports

While it may be sunny and clear when you leave, your route may take you into a bad storm. Check the weather for where you are and where you are headed to avoid surprises. Wet roads and limited visibility can be dangerous for you and other motorists.

  1. Keep Up With Maintenance

You increase your risk of an accident if your tires are worn thin, your lights aren’t working, or the brakes have started to slip. Keep up with the maintenance on your rig and have any suspicious or abnormal noise checked out right away.

Common sense has a lot to do with your safety as a truck driver. These tips, as well as your training, can help keep you safe as your travel.

Why You Should Consider Purchasing Insurance For Your Cannabis Business

Cannabis Business

Selling and growing cannabis are some of the fastest-growing industries in the country. However, this business does not come without risks. Some of these risks can include:

  • faulty equipment
  • rapidly-changing state regulations
  • improperly growing crops
  • theft
  • weather risks/wildfires

When facing these potential losses, those in the cannabis business need to make sure that they are properly prepared. This is where cannabis business insurance comes in. There are a variety of different insurance coverage options to consider.

Property Insurance

Property insurance provides protection for your business in the case of fire, theft, vandalism, and natural disasters. If one of these worst case scenarios occurs, you want to be able to survive financially.

Medicine Coverage

This type of coverage provides protection for the cannabis you sell. This coverage applies while the cannabis is in the shop and while it is being transported.

Business Income Coverage

Business income coverage provides protection in the case of income interruption. For example, if your business is interrupted by a natural disaster, this type of insurance can make sure you continue receiving income while you get back on your feet.

Owning a cannabis business is a complicated endeavor with many nuances to keep in mind. Having the correct insurance can make all the difference when things don’t go as planned.

Balancing Teacher Rights With School Responsibility

Teacher Rights

Teachers are role models for younger generations. They are expected to uphold social norms and set examples of proper behavior. Often, those expectations carry beyond working hours into the personal lives of public education teachers. That responsibility can lead to infringement of their established rights. Research shows that it is possible to balance teachers rights with their obligations to the children and families they serve.

The Rights of Educators

While teachers are expected to be role models, and certain behaviors can be mandated on school property and during working hours, they are also individuals whose rights are protected by local, state and federal laws. Some examples of teachers rights that are protected under the law include, among others, the right to:

  • Practice their religion of choice
  • Choose educational opportunities for their children
  • Maintain their privacy
  • Share their opinions and viewpoints

Expectations Put on Teachers

Teachers are expected to conduct themselves in a way that models appropriate behavior. This is especially true for educators who are active members of the communities where they teach. They must take care to exercise their rights in an appropriate and socially responsible way. This allows them to be exemplary models of the ideals of the school districts they represent.

Schools may not base employment decisions, such as hiring, firing or eligibility for promotion, on opinions shared through the exercising of fundamental rights. Appropriate liability coverage can offer protection against claims made as a result of teachers’ behavior.