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.

How Important Is Errors and Omissions Coverage for Your Business?

Errors and Omissions

Errors and omissions insurance is critical for any business that offers professional services to clients. Because it can be devastating for a small business to pay costly legal fees and settlements out of pocket, E&O coverage will protect your investment. Knowing the type of risks you face helps to determine the best coverage for your business.

In What Situations Will E&O Insurance Protect Your Business?

An E&O claim can be filed for a variety of reasons.

  • Improper documentation or miscommunication – Failure to adequately communicate essential information to clients in writing can result in claims. Nothing should be assumed, and paper copies of every signed document should be retained in case there is a discrepancy later on.
  • Breach of duty – Your clients expect and deserve to receive the services or goods they have purchased in a timely manner. Failing to meet the agreed-upon timing can result in a breach of duty.
  • Misrepresentation of your company’s qualifications – Being untruthful will only hurt your company’s reputation in the long run. Be honest and upfront about the capabilities of your business.

It is the goal of every successful business owner to run their business with honesty and integrity, but misunderstandings can happen. E&O insurance is critical to protect you when you need it most.

Risks Associated With CBD Oil Manufacturing

CBD Oil Manufacturing

CBD use has become more widespread and accepted among society’s mainstream. As result, a growing number of manufacturers have emerged. Research into CBD manufacturer liability shows that these companies face risks in several different areas.

Claims for Failing to Follow State and Local Requirements

One of the most common claims against CBD manufacturers involves failure to follow state requirements. The wide range of rules and regulations between and within states makes it difficult for manufacturers to always be fully compliant.

Medical Malpractice Claims

CBD oil is currently used to treat a wide variety of ailments. Yet, there is little firm evidence showing how it actually works. Science is beginning to uncover this evidence and show when it is and isn’t an effective choice. Doctors who offer CBD oil as a treatment option may be held liable in the case of an injury that results from its use. Additionally, interactions with other drugs may be potentially dangerous if a medication is given without a doctor’s knowledge of patient CBD use.

Claims Resulting from False Advertising

The supplement industry has specific labeling requirements and CBD is not exempt from them. Claims about CBD being a cure or therapy for specific illnesses can create liability unless they have been proven.

An insurance company that works exclusively with cannabis-based businesses can help you navigate the many risks and limit CBD manufacturer liability.


What Type of Insurance Is Right for Construction Companies?

Construction Companies

If you own a construction company, you need adequate insurance to protect your investment. You may not realize it, but there are two types of necessary coverage, and they aren’t interchangeable. Let’s take a quick look at each.

Builders Risk Insurance

A builder’s risk policy covers the contractor’s property, materials, and equipment where the construction is taking place. This policy protects the project until it is finished and the owner approves of the work. The policy also covers unexpected perils, such as weather events, vandalism, and theft. Examples of damage include:

  • Lightning strikes and hail
  • Explosions and fires
  • Theft and vandalism from external sources
  • Vehicles that crash into the building

If the damage was caused by flooding, it won’t be covered. In addition, coverage is excluded for any weather-related damage that resulted from property left unprotected. Most builder’s risk policies only cover the damage to property or materials of the insured contractor.

Contractors’ General Liability Insurance

This general liability insurance covers bodily injuries, accidents, and damage at the construction property. In addition, if you or your workers are accused of causing injuries or property damage at the site, general liability insurance will protect your business. It will also cover litigation from claims of libel, slander, or false advertising.

Both policies are critical to protecting your construction company.