Why You Should Consider First-Dollar Earthquake Insurance

Earthquakes are one of those acts of God for which people rarely plan. After all, how often do earthquakes really occur? Surprisingly, there are 55 earthquakes per day on average around the world. With figures like that, the decision to get first-dollar earthquake insurance becomes a lot simpler.

What is First-Dollar Earthquake Insurance?

First-dollar insurance is a special kind of policy. In it, the insured doesn’t have to pay anything until it comes time to make a claim. There are no co-pays or out-of-pocket expenses until an insurable event occurs. In this case, you wouldn’t have to start paying for the insurance until you were affected by an earthquake.

However, it’s important to note that monthly premiums are generally higher than standard insurance plans. The insurance company assumes much more risk, paying the cost up front. There’s also usually a lower maximum amount allowed for the policy’s limit.

Why Get First-Dollar Earthquake Insurance?

Earthquakes are common worldwide, but they may occur less often in your particular location. You may have never experienced an earthquake powerful enough to cause any damage. As such, this kind of policy is perfect. If you never get hit by a strong earthquake, you never have to pay a dime. But if you do get hit, you’ll be glad to be covered.

First-dollar insurance is the perfect option for something rare but dangerous, like earthquakes.

What To Consider With Private Care Regulations

There are several challenges that come along with operating a business that is a part of a medical field. If your company centers around private home care, for example, then you will need to put extra thought behind certain decisions. The regulations in this field can prove quite complicated. Plus, the rules change often to reflect current demands. This means you need to really think over your options in order to see the best possible results from all of your hard work. 

Understanding the Basics

When it comes to private duty home care regulations, there are a few areas that can be useful to look at first. Some factors will have a stronger influence over your future than others. For one, you will need to think about how long your business has been around and how many years of service you have under your belt. This can offer insight into what choices are best moving forward. Additionally, whether or not you’re associated with Medicare can make a difference. Other points to keep in mind include: 

  • Current status with licensing
  • Current certification and quality rating
  • Current location of business

Knowing the Details of Regulation

While there are many obstacles that business owners in healthcare industries need to overcome, there are also just as many solutions available. Take time to learn more about your options and find the perfect fit for your company’s future.

Marine Manufacturers Insurance for Streamlined Costs

When you build, service, or upgrade watercraft, your business has complex insurance needs. For most companies, seeking out separate providers for every area of coverage is too much of a burden, especially when it comes to annual policy reviews and renewals. Comprehensive marine manufacturers insurance is built to cover most if not all of your needs as a shipyard, boatbuilder, or similar service provider.

  • General liability that includes product liability
  • Commercial auto
  • Umbrella and excess coverage as needed
  • Pollution liability and other industry-specific marine liability coverage options
  • Hull policies for damage and builder’s risk
  • Personal and business property coverage
  • Broad enhancements like transit or building ordinance provisions

Businesses with employment insurance needs will want to look into employment liability and worker’s compensation programs in addition to manufacturer’s coverage, but independent operators can cover a freelance business with no employees with the basics provided by one of these programs.

Learn About Your Additional Coverage Needs

If you work with a well-established marine insurance provider with wide experience, you can often find any additional coverage you need through their other programs. Check out your options today, and ask about any insurance needs that are not included in a quote when you see the results. Even if the provider you are working with does not meet those needs directly, they may have a professional referral for you.

3 Benefits of Combined Manufacturing Insurance

Comprehensive insurance policies bring a lot of streamlining and cost containment to the table, which is why they are especially attractive to businesses. Working with a manufacturing insurance program brings additional benefits beyond what you would get from combined liability coverage or employment coverage on their own, too.

  • General and professional liability insurance with nuanced, industry-specific policy language
  • Manufacturing-specific coverage for equipment breakdowns, business interruption, and even off-site power failures
  • Complete coverage including state mandated policies like workers’ compensation and commercial vehicle coverage

It’s hard to overestimate the convenience and simplicity that comes with a single insurance policy designed to cover your whole business. That gives you one review period, one premium price, and one place to go for claims and advice about reducing them.

Learn More About Manufacturing Insurance

Since comprehensive manufacturing policies are built around the specific features of your operation, the only way to really learn what a policy would look like is to get a quote. With over a dozen forms of coverage brought together in many policies and over two dozen to choose from, the best way to approach the topic is to see if your business has any insurance needs that a manufacturing-specific program does not cover. If you shop around for the best program available, you’ll find more options, so keep working with quotes until you see one that covers everything in a single policy.

How Financial Institutions Can Protect Against Employee Dishonesty

Financial institutions must protect against burglary and counterfeiting, but one of the most significant losses financial institutions face is employee dishonesty. This may include theft, fraud, embezzlement or other illegal acts. Here is what financial institutions can do to protect against these losses.

Examples of Employee Dishonesty

People who work in the financial industry often have access to customer bank accounts or financial institutions’ funds, and may find ways to personally gain from their access. Here are some examples of employee dishonesty that financial institutions may face:

  • Creating fake customer accounts
  • Skimming from accounts
  • Loaning money to unqualified applicants for kickbacks
  • Fraudulent trading practices

Protecting Against Employee Dishonesty

Financial institution bonds are a type of insurance that protects financial institutions against employee dishonesty, forgery, robbery and similar crimes. A financial institution bond can reimburse cases where an employee makes financial gains from his or her dishonest act. Some states require financial institutions to carry bonds, and others don’t. Even if a financial institution bond is not required, obtaining one is advisable.

To help prevent employee dishonesty and fraud, procedures such as separation of duties, two-person controls and regular audits can be deterrents. However, a financial institution bond can provide protection when a dishonest employee finds a way around controls.

When Do You Need Earthquake Insurance?

Certain areas of the United States — particularly locations on the West Coast — are uniquely vulnerable to earthquakes. While the devastation of a major earthquake may seem remote, it is unfortunately statistically very possible. Moreover, many homeowners insurance policies actually do not have earthquake coverage.

If you are in an area that is prone to earthquakes, be sure to effectively protect your family and your home with earthquake insurance.

What Is Earthquake Insurance?

Earthquake insurance coverage provides supplementary coverage to a typical homeowners policy, and is particularly applicable in cases where your homeowners policy does not cover damage from earthquakes.

The details of a given policy may vary, but in general, earthquake insurance should provide some coverage for repairs and reconstruction, for the value of items contained within your home, and for the cost of finding a secondary dwelling in the event of significant damage to your primary residence — and possibly more.

While a serious earthquake may seem remote, one can be devastating. Though a minor earthquake may not significantly damage your home, a major one could necessitate a complete rebuild. Speaking to your insurer about purchasing coverage for earthquakes will ensure that you and your family are sufficiently prepared, no matter what occurs.

How To Best Handle ATV Accident Claims

The world of insurance can often prove a bit more difficult than many realize. When it comes to protecting yourself and your assets, you absolutely need to dedicate time and energy to the process. Failing to do this and accepting any policy that comes along can be the easiest way for you to leave yourself open to claims and losses of all sorts. This is especially true when it comes to claims that come about after an accident occurs with an all-terrain vehicle. 

ATV Coverage Basics

An ATV is a type of vehicle that can be difficult to classify from many perspectives. From an insurance angle, you cannot rest on a traditional auto plan. An ATV falls into a category that is different than personal or commercial vehicles, so you need to look for coverage that actually is meant to meet the risks of such transportation. Failing to do this means that even the smallest insurance claim can lead to massive losses. Other points to consider when it comes to finding the right insurance for a vehicle can include:

  • Make and model of the vehicle
  • Classification and regulations of state
  • MIleage and other factors

Review All Options

Though an ATV is different than a car, an accident that happens with this type of vehicle is no less deadly. In order for you to stay safe no matter what, you need to learn more about the options available to you.

Top Planning Tips for Millennials Who Want To Get Their Finances in Order

If you’re a millennial, now is the right time to master key financial moves and get your finances in order. Planning for retirement and saving an emergency fund, for instance, are moves that can serve you well later in life. Check out some of the top millennial financial planning tips below that you can put into action now.

Master Budgeting and Saving Skills as Early as Possible

Before you get to higher-level finances, make sure you have a good mastery of the basics. Skills you may want to sharpen up include:

  • Understanding the extent of your personal financial limits
  • Building up a six-month emergency fund
  • Putting cash into retirement accounts every year
  • Living responsibly within your means

Work Towards the Financial Means Needed for Your Chosen Lifestyle

What your finances should look like depends on the type of lifestyle you want. Before you start budgeting, you may wish to:

  • Expand your job search to higher-earning opportunities
  • Acquire additional skills or certifications to boost your earning capacity
  • Consider career paths that can support your desired lifestyle and its required finances

If you’re still in the early or middle part of your career, implementing key millennial financial planning best practices now can set you up for financial stability in the future. If you want to get your finances in order, master key saving and budgeting skills and calculate the finances needed for your lifestyle.

3 Tips for Implementing A Successful Co-Responder Program

Having police officers arrive at the scene of a mental health crisis is a little like having a delivery person arrive without the pizza. Implementing a Co-Responder Program allows municipalities to better serve the public when individuals need help from mental health professionals. Here are three first steps to implementing such a program successfully.

1. Develop Partnerships with Other Agencies

Create relationships with local mental health service providers. Agree to share information regarding procedures for working with each other. Engage local advocates for mental health services to speak to the public about the cooperation between the groups. Ensure that people who have mental health issues and caregivers of people with these issues are present to inform the policies.

2. Document the Policies and Procedures

Working with the local health and social service organizations, develop a mission statement, vision, and goals for the program. Create policies and procedures that encompass all scenarios to be addressed by the partnership. Clearly define the roles and responsibilities of each agency (the law enforcement agency and all health or social agencies). 

3. Take Inventory of Community Needs

Determine which types of calls will necessitate use of the co-responder program. Ascertain which assessments and services the team will provide to members of the public.

These are just three first steps to creating and implementing a successful co-responder program.

Pro Skateboarder Loses Lip in Dog Attack

After losing significant parts of her face in a dog attack that easily could have turned fatal, professional skateboarder Brooklin Khoury has remained a prime example of what can happen when people aren’t careful around animals. Even though the skateboarder knew the dog, that did not spare her from being bitten.

Preparing for Attacks

The attack on a public figure like Brooklin has highlighted the importance of having systems in place, like an emergency plan or dog bite insurance, in the event that an accident happens. Having insurance can cover the cost of medical bills if your dog bites someone.

Support Network

Brooklinn Khoury has many surgeries lined up for the future, where doctors will attempt to reconstruct her face. Each surgery involves preparation and recovery, which can be taxing emotionally and financially. Luckily, she has a support network that has stuck with her since the beginning, including her celebrity girlfriend, Chloe Lukasiak.

Owning a dog is usually a positive experience. Pets become part of your family, so you want to be sure that you are doing everything you can to protect them and yourself. You can prepare for events like what happened to Brooklinn Khoury by keeping your dog leashed around new people and investing in pet insurance to cover the cost of accidents.