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Tips for Thriving During a Busy Legal Season

Legal professionals often experience a season that ushers in a large volume of work, though the timing could differ depending upon the area of law. Making the best of this busy season for law firms requires some smart strategies. By eliminating unnecessary tasks and concentrating on priorities, a firm can manage to thrive during a hectic month or two. 

Most attorneys cannot avoid meetings completely, but some meetings cover redundant issues and do more harm than good. Plus, sometimes meetings run too long and waste precious hours. In some cases, emails to key personnel can accomplish the same results in just a matter of minutes.

More Strategies for the Busy Season for Law Firms

The delegation of minor work to the right parties can free up time for the busiest associates. Interns and other office personnel could accomplish more routine tasks that allow an attorney to work on an important project that has a tight deadline.

While discussions around the workplace help retain a culture of sanity, sometimes these informal chats take up too much time. Stories can extend breaks and lead to long lunches, therefore eating into office productivity. If these efficiency tips do not do the trick, a company could consider hiring more help on a temporary basis. 

Selecting the Right Hotel Insurance for Your Business

The hospitality industry has gone through some major changes in recent years. After the emergence of COVID-19 and an array of new restrictions, hotels suffered from a serious lack of consistent business. Even as the world has begun to reopen, many companies are still struggling to find stable ground. To protect your hospitality business from further harm, you must review your options with hotel insurance

Reviewing the Foundational Elements of Hospitality Coverage

Whether you own a traditional hotel, a resort, or a casino with private rooms, proper insurance is key to your survival. A general liability policy makes for a perfect foundation, though you will need to consider additional options to cover risks that fall outside of a general plan’s protections. Commercial property insurance is a perfect example of this, as it is meant to offer peace of mind in the event of fire, inclement weather conditions, and vandalism. 

Taking a Closer Look at Niche Policy Options

Certain policy options are also structured specifically for the needs of companies in the hospitality industry. Innkeeper’s liability is aimed at protecting valuable possessions guests bring with them in the event of theft. Similarly, a policy for liquor liability is essential if your business serves any type of alcohol to customers. By assessing all of the options available to you in advance, you can determine which policies are necessary for your establishment.

Though the nature of hospitality organizations has shifted, certain truths remain the same. Review your options with insurance to find coverage that provides you with peace of mind.

Which Types of Insurance Offer Business Asset Protection?

Protecting your company’s investment in properties, equipment, and other key assets can be done in a few ways. For many industries, property and equipment protection are included in omnibus business coverage and business risk policies. That is hardly the only way to do it, however. Some assets are better covered through other types of policies. Property insurance and equipment insurance are also available on a stand-alone basis for those needing a la carte options for business asset protection.

Business Auto Coverage

If your company owns a vehicle for any purpose, you need some form of business auto protection. For those involved with commercial trucking or direct delivery to clients, commercial vehicle coverage includes your asset protection for the vehicle. If you have a company vehicle used for other purposes, like a personnel shuttle bus or a vehicle provided to traveling sales personnel, you may need a slightly different policy type with simpler provisions. Either way, you need a quote for an auto-specific policy.

Umbrella Insurance for Additional Coverage

If you already have individual asset protection coverage and vehicle coverage, you may need additional protection in the event that you have a claim that exceeds the original policy. Umbrella protection is also available for businesses, allowing you to extend your business asset protection collectively for all the covered assets your company owns.

Effective Tips for Increasing Your Restaurant’s Revenue

Making food is how you make money. If creating delicious food leaves you little time for boosting restaurant revenue, keep reading for some ideas on how to elevate your earnings.

Increase Productivity Through Efficiency

To increase profits, you need to look at how productive your operations are running. Find strategic ways to decrease pain points, and become more productive and efficient. Here are some ideas to implement:

  • Reward online ordering to decrease wait time and open up tables
  • Open up outdoor seating to maximize space
  • Expand the bar menu for more seating opportunities and a quicker customer turnaround
  • Create smaller meals to encourage both variety and an increase in ordering

Encourage Your Patrons

As you recognize repeat customers, go ahead and capitalize on their loyalty. There are several ways to make this happen, including:

  • Institute a rewards program
  • Encourage hashtags and social media posts
  • Offer them swag and free meals in exchange for posts 
  • Host an influencer-only party
  • Invite followers to your social media accounts, reward each sign-up with a discounted meal

Take small steps to effect a big change in your restaurant’s revenue stream. You don’t need to implement them all at once. Show your customers that you care enough to provide delicious food and service.

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.

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.

Why Risk Assessment Matters When Selecting Insurance

Picking out the perfect insurance policy is not always a straightforward experience. If you operate a company in a niche field, for example, you will find that the risks of your industry are much different than that of an organization in a traditional area of business. Failing to consider the unique exposures of your industry is an easy way to leave major gaps in your coverage. Thankfully, this can be resolved in advance when you take the time to conduct a bit of risk assessment

Understand the Unique Exposures

Reviewing the hazards of your industry is a crucial step in determining adequate insurance coverage. If you operate a maritime business, for example, you will have exposures that are unique to organizations that conduct operations on or near the water. By assessing your risks, you’ll learn more about professional liability insurance for marine surveyors and similar coverage options. Examples of important coverage points you will need to research include:

  • United States Longshore and Harbor Workers Compensation
  • D&O Liability
  • E&O Policies

Find the Right Plan

Though there are many angles to review when picking insurance, a little bit of preliminary effort can yield massive results in the long run. Take time to research your exposures and see how these can influence your final decision when selecting coverage to protect your company.

Volunteer Liability Insurance Explained

Nonprofits and other volunteer-driven organizations rely on donated labor to carry out their organizational missions, but there are risks to volunteer labor. Not the same risks as those you take on by hiring employees, but nonetheless, your risk management strategy needs to include a form of public liability insurance for volunteers. Regular public liability policies covering your employees may not cover donated labor, but there are insurance providers who will write volunteer-specific policies.

What Kinds of Liability Are Covered?

When you get volunteer-oriented public liability coverage, it covers your liability in incidents involving volunteers working on your behalf. If that sounds broad, it’s because the policy needs to be broad. It needs to go where you go, and it needs to handle many types of possible damages. Potentially, you could have liability for injuries sustained by volunteers while working on behalf of the organization, but you could also face these scenarios:

  • Mistakes or bad faith actions by volunteers causing financial losses to third parties or donors
  • Accidents involving volunteers on or off-premises that result in injury or property damage to others
  • If needed, volunteer vehicle coverage can be bundled to cover liability for incidents involving volunteers driving their own cars on your organization’s behalf

Individual insurance providers will have slightly different parameters and offerings, so make sure you shop around to find the most robust public liability insurance for volunteers you can. It’s well worth the time spent to have the right insurance coverage.

Choosing the Best Auto Insurance Policy

You would never consider foregoing auto insurance for your vehicles. If you are in an accident, proper coverage will protect you and others involved when you are at fault. Most states mandate some type of coverage, but not all policies give you the protection you need.

Basic Auto Insurance Options

Selecting the right auto insurance can seem daunting. It’s critical to discuss your options with your insurance agent to ensure you obtain the best coverage for your needs. Typical policies include some form of the following coverage:

  • Collision Insurance – In the event of a collision, repairs are covered
  • Liability Coverage – This protects against injury to others and damages to their property
  • Uninsured Drivers – If another motorist involved in the accident does not have insurance or has limited coverage, this policy helps to protect you
  • Medical Payments – This coverage pays for medical expenses that you and your family may require after the accident

Additional Coverage Available

Most auto insurance companies offer additional types of coverage. If you are at fault for an accident, accident forgiveness protection will prevent your rates from going up on your first offense. When your car requires extensive repairs, rental car coverage provides the use of a rental car for free.

Make sure you and your passengers are protected with a comprehensive auto insurance package.

Coverage Options for Product Liability Claims

If you make money by selling products to consumers, you could have increased risk for a lawsuit that claims product liability. Any defect in a product that causes damage to property or injury to another could lead to litigation against your company. Product liability insurance is a way to protect your business from these claims, but there are several options with regard to coverage.

Forms of Coverage

If you are a supplier, retailer, distributor, manufacturer or other organization that sells to the public, you may be held liable for damages that occur from the use of your product. These types of product liability insurance can protect you from the financial fallout of such a claim.

  1. Product Tampering: If another individual corrupts a product or tampers with it, this insurance could help with product restoration expenses, product recall, destruction of the tampered product and loss of profits.
  2. Hazardous/New Products: Hazard liability often accompanies products made in factories, such s as chemicals, cosmetics, drugs, ladders and more.
  3. Product Warranty Inefficiency: This is a warranty form of coverage that helps pay for the expenses when a line of products experiences performance failure on a mass scale.
  4. Product Recall: In the event of product failure or malfunction, recall costs such as shipping, communication, media announcements, overtime labor expenses and product destruction are covered.

Product liabilities are varied, which is why there is a need for several types of product liability insurance. Speak to a broker about the option that covers your greatest risks.