Most people associate insurance with boats, cars, and homes. While all those are necessary for life, businesses that are devoted to horses and the individuals that love to ride them need their own type of coverage, known as horse club insurance. Here’s a look at the important benefits this type of coverage offers.
Protection Against Accidents on the Grounds
It’s typical to fall and get injured while riding. Considering this happens frequently at a riding club, it’s important to have coverage so the business can stay in operation. All it takes is one person to have a bad fall or similar major problem, and if the riding club doesn’t have the necessary coverage, it can get closed down quickly.
It Can Protect Workers From Accidents
In an environment that works with horses on a daily basis, it’s easy enough to have accidents. Getting kicked or thrown off by a horse are just two of the issues that could arise for workers. This can leave them injured and even out of work for a while. Choosing horse club insurance that has a policy for workers can protect them against these kinds of conditions that come with their job.
It’s important for a riding club to have horse club coverage. It protects both riders and workers, without the club taking a loss or being forced out of business by a lawsuit.
Financial Penalty Protection for Bank Officials
In recent years, there have been more regulatory investigations into the actions and spending of directors and officers of financial institutions. This has resulted in penalties directly against those individuals. As such, civil monetary penalty insurance was introduced as a countermeasure to assist those individuals.
What is CMP?
Civil monetary penalty, or CMP, insurance was designed to help banking directors in the event an administrative penalty was levied against them. The traditional directors and officers liability insurance do not cover the individual penalties the FDIC imposes. This policy can cover up to $250,000 of a penalty for a single officer or director. Due to the recent financial crisis, the FDIC has been cracking down on financial institutions, even more, causing this type of insurance to be a welcome addition for bankers.
Why Is It Important?
A financial institution is covered under insurance, but directors and officers are not when it comes to FDIC regulatory investigations and penalties. To mitigate personal risk, these individuals face, CMP policies were introduced. Now, banking officials can be covered and protected if a penalty is brought against them.
If you are a financial institution director or officer, you need civil monetary penalty insurance for extra protection if you are served with regulatory fines. Your banking institution is covered, and you should be, too.
Determining the Price of Boat Insurance
With all the variations in insurance policies, it can be difficult to determine a specific price. However, there are certain deciding factors that can help you determine the average boat insurance costs.
Deciding Cost Factors
Just as with any insurance policy, there are certain factors that determine the type, limit and scope of the policy. This is generally referred to as the risk assessment stage, where an agent analyzes certain factors that decide the policy you receive. The same is true for boat insurance. The following is a list of some of those factors:
Previous boat insurance claims
How the boat is used
Who drives the boat
Safety measures including equipment and courses
A valid driver’s license
There are also other factors such as the region your boat is located. This is because hurricane areas may have a higher risk factor than other locations, which can increase the price of your policy. The typical cost for boat insurance is between $300 and $500 per year, but you should be aware that this might fluctuate depending on the above factors.
Pricing Your Boat Insurance
Now that you understand the determining factors of insurance prices and the average boat insurance costs, you can select a policy. An agent can help you review the risks and factors, so you can end up with a policy that reflects your needs, your boat and your region.
Websites Designed with Insurance Companies in Mind
These days, a website is often the first point of contact, and sometimes the only point of contact, between insurance agencies and customers. That’s why insurance companies benefit from working with designers specializing in insurance agency websites.
Elements of a Good Website
While the designers creating your website can create an aesthetically pleasing design, the team also focuses on what makes the website run efficiently for you and your clients. Mostly, four aspects make a good insurance website:
Responsive technology for full optimization across devices
Clean and easy user experience
Security features for customer safety
Agency branding to draw customers in and showcase your services
A Website Built for You
There’s no reason why your agency’s website has to conform to what every other company is doing. If you want to have video content, the team can help you create it. If you want clients to be able to sign up for insurance in three simple steps, the team can help with that, too. The point is, your insurance website should be your own.
Insurance agency websites should be designed with care. Working with a team of experts means you can have a fully optimized website that is easy for your clients to use, all while improving client relations and growing your business.
Year over year the increased risk of cybercrime goes up. Companies of all sizes are at risk for a data breach, but there are still common myths surrounding whether mid-sized businesses need the added coverage of cyber liability policy from Financial Guaranty California. Unfortunately, these myths are easily debunked.
We’ve Got Insurance
Because there has been such a rise of cybercrime, many insurance providers have created a specific cyber liability policy. As the companies create new specific liability policies for cybercrime, they have begun to remove these coverages from other standard business policies. Your company could be held liable for the cybercrime without that added coverage.
We’re Too Small
Regardless of the size of the business, cybercrime still happens resulting in data breaches, lost hours and increased liabilities. Small and mid-sized businesses may not have the financial capital to recover from a data breach on their own. The results of cybercrime can be devastating for a business.
We Don’t Have Much Exposure
With nearly half of cyber crimes happening in small to mid-sized businesses, your business has plenty of exposure. An agent can go over the specific risks facing your business and guide you to the right coverage and pricing options to protect your data.
Insuring your mid-sized business with Financial Guaranty California allows your company to take advantage of a comprehensive insurance policy package including cyber liability. Cybercrime is on the rise is your business ready.
Just as a business gets insurance for workers and unemployment, there is also a demand for business supply insurance. Here’s a few reasons why having insurance for supplies is important, even if you’ve never considered it before.
Business Supplies Can Get Damaged or Ruined
Just like anything else, supplies can get ruined through an accident, such as flooding, tornados, or even storms. This can leave the supplies unusable and end up costing a lot of money to get them replaced. Having coverage can prevent these problems from occurring and save a lot of money in the long run.
It Covers More Than Just Paper
Business supply insurance covers more than just paper and pens when it comes to office supplies. This can include printers, fax machines and copiers, computers, and other forms of telecommunications. Considering the cost to have these replaced can add up, this saves money and provides protection should an incident occur. For companies that have a lot of these items to cover, this provides the protection they need.
To protect a company against loss involving business supplies, it’s helpful to have insurance. It can protect the items in a variety of instances and can cover anything from computers to more basic office needs. It’s a helpful plan that can save money no matter what the circumstances.
The United States healthcare system has been the topic of much debate recently. The rising cost of pharmaceutical medication, in particular, has garnered national scrutiny and caused great distress for low-income and uninsured individuals. Because of this, people have begun to seek alternative health solutions with cbd. Extensive research has been conducted to demonstrate the health benefits of cbd, and how it can often be used in place of prescription medications.
Headaches and Migraines
Many studies have shown that cbd is an effective treatment for pain relief, including common headaches and even more severe migraines. Research shows that cbd can have a positive interaction on the brain’s receptors and can improve your body’s pain management system.
There are several different kinds of prescription and non-prescription medications for inflammation, some of which have significant side effects. There are no proven side effects for cbd and many people say it’s just as effective, if not more, than prescriptions.
There are dozens of prescription medications to help treat insomnia, but many of them have severe side effects. In addition to inducing a general state of relaxation, cbd can also be used to help someone fall asleep and stay asleep.
There are many alternative health solutions with cbd, so you might want to look into substituting some of your prescription medication with a more natural and affordable option.
Your honeymoon will be memorable no matter what location you choose, but remember that it is a decision that you should make with your partner. As a married couple you will be making decisions together your entire lives. Make this first decision one that works for both of you.
Exotic and Faraway
Choosing a different state or even another country might be ideal for you. Think about what kind of atmosphere that the two of you will be craving after your wedding.
Resorts even within the United States are a popular option for honeymooners. Not only are they often all-inclusive (alcohol, food and hotel prices bundled), but you know that they are safe if they are covered by American Risk Insurance. Pick a country on the map that you both have always wanted to travel to. Start your married life together immersed in another culture.
Close to Home
Not everyone has a spirit that is so adventurous. Sticking nearby is what works best for some couples.
Find a local bed and breakfast to spend a few nights. These are cozy and romantic, setting the mood for you and your spouse. American Risk Insurance covers smaller establishments like these too, so you know you are protected.
Choose a hotel in the city and spend your honeymoon being a local tourist. Visit attractions native to your area that you’ve never been to.
Make your honeymoon a place that fits you as a couple. It is often the first vacation that married couples take together, so make it count!
Are you looking for construction insurance in Wayne, NJ?
If you’ve found it challenging to determine the coverages you need, here are four of the key insurance options that you should be sure to include in your policy.
General liability insurance is broad coverage in case a third party suffers bodily injury or property damage because of your business. If a lawsuit is filed against you, your policy will cover the legal fees and any other expenses for which you’re liable.
Professional liability is for construction companies who are also designers. If your client files a lawsuit claiming that your design didn’t meet their expectations or includes errors, your policy will cover the cost of any legal fees associated with the case.
Pollution liability insurance covers you in case a lawsuit is filed against you because your construction activities lead to pollution that caused harm to a third party or their property. Your policy can also be used to purchase items to help mitigate pollution.
Unlike many other industries, workers’ compensation is a requirement for construction companies. Your policy should cover your employees and any subcontractors you may work with as well.
Plenty of other insurance options exist to keep you covered against the many risks that are inherent to the construction industry. Work with an agent who’s experienced in construction insurance in Wayne, NJ to create the policy that’s perfect for you.
If you have any experience with film production, you know that there are a lot of risks involved. Whether on-site or in a studio, many factors are at play and something can go wrong at any time. As a result, it’s essential that you carry an adequate amount of film production insurance. Below are the key concepts you should understand about production insurance.
What Is It?
Production insurance is the term used for coverage that’s intended to protect film production companies or film-related projects from liability claims and other potential losses. Each state has its own insurance requirements, so filmmakers and their staff need to make sure their coverages meet their guidelines.
What Does It Cover?
There are a number of options available to cover your company, employees, owned or rented property and any third parties who may be impacted by your production activities. Some of these include:
- General Liability
- Errors & Omissions
- Workers’ Compensation
How Long Does It Last?
There are options for short-term, long-term and annual coverage. Short-term options are for those who want to be covered on a project-by-project basis. They can cover as little as one day of production. Long-term policies are for filmmakers who have multiple projects lined up over a specified period of time. Annual policies are better for active production companies who shoot at least four projects a year.
Finding the right mix of coverages can be challenging on your own. Work with an agent who’s experienced with film production insurance to craft a policy that meets your needs.