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
Errors
Misstatement
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.

Insurance Built for Your Agency

temporary staffing insurance

Insurance Built for Your Agency

If you run a temporary staffing agency, you know how valuable you are to helping businesses and workers fill in employment gaps. You also know there are certain times when you face risks that only temporary staffing insurance can protect you from. That’s why having the right insurance is so vital to your company’s operations.

The Help Insurance Provides

When a dispute occurs between a company and the worker you helped get hired, you can often find your agency in the middle of it. Unfortunately, that is part of being a staffing firm. However, you want to be covered from any harm or damages if that dispute escalates to a lawsuit.

To do that, you need an insurance policy that covers you and provides assistance with these situations. The following are typical coverage options for temporary staffing agencies and ones you should have for optimal protection:

Workers compensation
Auto insurance
Property insurance
Professional liability
General liability

Helping You Continue Offering Your Services

You play a vital role in staffing businesses, and both companies and employees appreciate your help. Temporary staffing insurance protects your company when there is friction between workers and their employers while keeping you out of the thick of things. That means you can continue helping businesses and workers even when a claim or dispute arises.

Why You Should Choose an Independent Insurance Agent

independent insurance agents of oklahoma

Choosing a new insurance provider can be overwhelming, given how many different options there are in the Oklahoma market. As in many states, insurance agents can either work for a particular insurance company or a variety of companies, according to a statement from the Oklahoma Insurance Department. Rather than being locked into an insurance plan from a single company with little flexibility, consider discussing your unique coverage needs with one of the high-quality independent insurance agents of Oklahoma.

A Personalized Experience

Each person or company that consults with an independent agent has particular characteristics that require coverage, whether they be personal liability plans for a construction business or automotive coverage for a new driver. An independent agent can help each client find the right insurance plan in the right budget to ensure they are protected.

A Simpler Style

Independent insurance agents will often work with several different insurance companies. In doing so, these agents perform the hard work of cost comparisons so you can focus on your work or family. Often, independent agents can get you a better deal on a greater selection of coverage options due to their connections and experience.

A Lifelong Connection

By building a solid working relationship with one of the highly-qualified independent insurance agents of Oklahoma, you can protect your future, no matter what life throws at you.

Top Factors in Classic Car Insurance

classic car insurance nj

In terms of auto coverage, classic car insurance NJ residents depend on is in its own special class. Designed to cover the specific needs of antique and vintage vehicle collectors, these are not standard policies. If you’re a car collector that needs insurance, here is what you need to know about classic car coverage.

Vehicle Usage

One of the biggest factors in qualifying for classic insurance is your vehicle’s usage. Most policies ask that you do not use your classic car as a primary vehicle. Now, this doesn’t mean that you shouldn’t use the vehicle at all. In fact, most policies require that the car be in working order enough that you can drive it whenever. You will have to meet a certain mileage quota.

Vehicle Storage

Most insurance policies want to know where and how you store your vehicle. Depending on the vintage car, your policy may have very strict regulations for how you store your car. Most of the time, storing them outdoors, exposed to the elements is against the rules of the policy.

If you’re in need of a solid classic car insurance NJ residents would recommend, then it’s important to consider the factors that go into deciding your policy. The point of classic car insurance is to protect your collectible asset. Of course, in addition to helping you cover your vehicle, you generally have rules to follow also.

Preparing for the Future With Reliable Insurance

miami insurance agency

Emergencies and accidents can happen anywhere, even in Miami. With storm season hitting harder each year and crime being a constant danger, it is a wise decision to create some shield of protection around the people and items you love. A Miami insurance agency can help you do just that. Each agency has a team with the skills and knowledge to build policies that work in your favor. Here are a few policies you should consider before finalizing your contract with an agency.

Flood Insurance

Miami is a marvelous city for residents and businesses. Still, even this paradise can be a hit with a dangerous storm. Flood insurance can help you deal with damage to property at your home like floors, walls and furniture. This coverage can also help businesses repair their electronic systems and foundation.

Boat Insurance

While it is not required by state law, boat insurance is crucial if you want to save your wallet from tough expenses. Rates will depend on your boat’s size, your personal history and your planned boat use. There are different policies that fall under this coverage like property damage and liability insurance so make sure to ask your provider about will work for you.

Marine Insurance

Marine coverage helps large businesses with their property while it is shipped. This insurance can include protection for equipment, theft, infestation and delivery delay. If you are ready to create your personalized coverage, then call your local Miami insurance agency today!