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Does Your Business Need Public Liability Insurance?

If your business has contact with the public, you face various possible risks related to your services, like slip and fall incidents or accidental property damages. Public liability insurance covers the legal costs and settlements connected with lawsuits filed against your company.

Do You Need Public Liability Coverage?

Your specific needs depend on many factors. The type of services you provide, your interactions with people and your location are all factors that determine your unique requirements. This type of liability policy is more affordable than other professional insurance but has fewer protections.

Federal law does not require companies to obtain public liability plans. Still, this type of coverage shields owners from financial losses stemming from property damage or bodily injury claims on the company’s premises. Some industries that may benefit from public liability insurance include:

  • Health care operations
  • Nonprofit organizations
  • Retail businesses
  • Hospitality industry
  • Real Estate companies
  • Entertainment ventures

What Does a Public Liability Policy Cover?

This type of plan protects business owners who operate companies that work with the general populace. If someone sues your organization, this coverage pays for your legal fees, compensation amounts and settlement expenses. It covers suits resulting from the following type of third-party events that happen at your place of business:

  • Personal injury claims
  • Transportation costs to a health care facility
  • Medical treatment
  • Property damage

Unfortunately, accidents happen and could result in lawsuits filed against your business. Public liability insurance protects your company from possible monetary losses when cases arise.

4 Things To Look for in Staffing Agency Insurance Companies

Insurance companies that specialize in one industry have many obvious advantages over those that generalize. Staffing agency insurance companies are not all the same, however, so be sure the one you choose meets the following criteria.

1. Partners With the American Staffing Association

The ASA has represented staffing agencies since 1966. Any insurance company not recognized by them may not be reputable by industry standards.

2. Provides Third-Party Coverage

Third-party coverage ensures that you will not be held financially responsible for accidents that injure someone else. This is an extremely important aspect of staffing agency insurance.

3. Covers All Aspects of Staffing Agency Services

Staffing agencies provide several services to the companies they work with, and each additional job duty brings added risk. For example, not only do they recruit and place employees, but they may also provide training.

4. Responds to Claims Around the Clock

An accident may occur during the weekend, and you cannot wait until Monday to report it. Be sure your insurance company has a number you can call 24 hours per day.

Just because a company specializes in staffing agencies does not mean they are the best at what they do. Looking for the four things above will help you make a good choice.

The Ins and Outs of Law Enforcement Insurance

Police officers and many others working in law enforcement face constant threats to their safety.  In addition to this, they are under more scrutiny than ever before and constantly face allegations pertaining to wrongdoing.  They are often on the receiving end of claims of negligence, unlawful arrest, civil rights violations, and failure to protect.  These claims can be extremely costly for everyone involved.  Luckily, you can obtain law enforcement insurance to help pick up the fees.

Why Do You Need Law Enforcement Insurance?

There are many examples of costly claims being made on law enforcement agencies.  One example is the settlement agreement that was made with the family of Dontre Hamilton in Milwaukee.  Dontre was killed by a police officer in 2014 and his family filed a civil rights lawsuit against the Milwaukee Police Department.  This resulted in the department having to pay out a $2.3 million settlement.  Law enforcement insurance would typically be able to cover those legal fees.

Who Can Obtain Law Enforcement Insurance?

Law enforcement insurance is available for many different individuals working in law enforcement.  Some of these include:

  • Police departments
  • Sheriff’s departments
  • Prisons
  • Security companies
  • College/university police departments
  • Airport authorities

Working in law enforcement can be a risky business.  Protect yourself and your livelihood by investing in law enforcement insurance today!

What Insurance Do Volunteer Groups Need?

Nonprofit companies and volunteer organizations operate differently than traditional businesses and have specific risk management needs. To find the right insurance for voluntary groups, consult an agency with expertise in this area.

Public Liability

This type of insurance covers costs if someone sustains an injury resulting from a volunteer’s actions. It is vital to make sure the policy you choose for your company includes volunteers. These policies typically cover the following third-party claims stemming from accidents or negligence:

  • illness
  • loss
  • injury
  • death
  • property damage

Coverage varies, so carefully read your policy to ensure you have adequate protections in place.

Employers’ Liability

Often the law requires this kind of insurance for voluntary groups. It provides coverage to help pay the costs associated with volunteers who become ill or injured while performing duties for your company.

Directors and Officers Liability

A D&O policy offers protection for the people who run your team, mitigating attorney costs associated with the defense of claims stemming from events, such as:

  • An officer fails to fulfill legal obligations or execute professional duties.
  • A manager does not comply with industry regulations or standards.
  • A board member receives accusations of funds misuse or bad investment decisions.

You can often add coverage offering protection for discrimination claims in hiring, promotion or termination practices.

Mistakes and accidents occur within every organization. Ensure your operation has sufficient coverage in place by obtaining the necessary insurance for voluntary groups.

Understanding the Different Types of Liquor Liability Insurance

Business owners that serve alcohol know they can be held liable for various types of damage that result in injury or property damage by intoxicated persons. Liquor liability insurance coverage usually protects an alcohol-serving business from claims or damages that result from their patrons’ consumption of alcohol. This is just one of two types of liquor liability insurance that a business can purchase to help cover their operational risks. Companies that do not serve alcohol, but allow the consumption of it on their premises may also be liable from injuries and losses caused by intoxicated persons. In this case, a host liquor liability insurance policy helps protect these companies.

Exploring the Differences

Liquor liability policies are usually one of two types:

  1. Liquor Liability Insurance: This is recommended for businesses that sell or serve alcohol to protect against lawsuits resulting from injuries or property damage from an intoxicated person.
  2. Host Liquor Liability Insurance: This type of coverage is advised for companies that host social events where alcohol can be consumed on the premises.

Host liquor liability insurance is often included in general liability insurance. It covers medical expenses, damages and legal costs.

Tailoring Your Coverage

As a business owner, you should consult an insurer that specializes in liquor liability coverage. The right provider can help you determine the specific type of liability coverage that your business needs with respect to risks associated with alcohol service and consumption.

Top Surprising Reasons Business Insurance Can Help Protect Laundromats

From keeping the machines in top shape to sharpening your accounting skills, operating your laundromat requires mastering multiple skills. One you might not have sharpened yet, however, is finding the right laundry business insurance. Although it can be easy to overlook, laundry insurance can have surprisingly protective benefits.

It Could Benefit Your Laundromat in Several Scenarios

If you think nothing will ever happen to your business that will require insurance protections, you may want to reconsider. Unexpected weather events like floods and fires occur frequently depending on geography, and other issues like theft or property damage can arise at any time. With insurance, you can rest assured that your business won’t take too big a hit if these events occur.

It Can Offer You Protections for Your Property and Your Workers

One of the biggest advantages in securing laundry insurance is that you can get both your property and your workers protected at the same time. While policies differ, you could potentially bundle:

  • Workers’ comp for your employees
  • Property insurance in case of damage to your building
  • Liability insurance in the event of lawsuits
  • Insurance for assets like washers and dryers in case they get damaged

You already put in plenty of work to keep your laundromat going, so make sure you’ve protected your efforts with a solid laundry business insurance plan. Once you know you’re covered, you can enjoy the added business security every day.

Agricultural Insurance Can Keep You Growing

The agriculture industry is an important sector in the U.S. economy. Whether you are the owner of a farm, ranch, orchard or any other agricultural business, you have specific risks that other businesses and other industries do not face. Agricultural insurance coverage is critical.

Types of Businesses Covered By Agricultural Insurance

When it comes to agriculture insurance, there are several types of businesses that are covered. This includes crop farms, animal ranches, wineries, nurseries and more. Agricultural insurance covers businesses that grow food, raise livestock and more. Whether you mill grain, own a dairy farm or ranch animals, you are a part of the agriculture industry.

Types of Risks Accounted for By Agricultural Insurance

Whether you have a large operation or a small farm, there are several risks that you may have to account for. For instance, you need to think about damages to your commercial property, injuries to staff or breakdowns of equipment.

Some common solutions cover the following:

  • General liability
  • Feed lots
  • Livestock
  • Business interruption
  • Workers’ compensation

When it comes to your farm, you need to remain protected. If you lose your crops, your livestock or if your staff becomes injured, you have to have a way to keep going, despite the costs.

When it comes to insuring your business, you have to consider the specific risks of the industry. Farming and agriculture are no different.

Why You Should Consider Purchasing Truck Cargo Insurance

Truckers are often considered to be the backbone of North America. They keep our country running by transporting essential goods where they need to go.  However, owning a trucking business is not without risks. It is of the upmost importance that you are correctly covered in case something goes wrong. This is where truck cargo insurance comes in.

What is Covered By Truck Cargo Insurance?

Truck cargo insurance makes sure your cargo is protected in a variety of different scenarios. It covers damages of all kinds including damage from an accident or fire. Truck cargo insurance even covers cleanup if you are involved in an accident that causes your cargo to be spread all over the road. Truck cargo insurance can be purchased for a variety of different trucks including:

  • Dump trucks
  • Tractors
  • Cargo vans
  • Car haulers
  • Flatbeds

Some vehicles are not able to be covered by truck cargo insurance. These vehicles are:

  • Garbage trucks
  • Limosines
  • Hearses
  • Buses
  • Ice cream trucks
  • Passenger vans

What is Not Covered By Truck Cargo Insurance?

While you are offered an immense amount of protection for your cargo, there are some things that cannot be covered. Some of these types of cargo are:

  • Money
  • Jewelry
  • Live animals
  • Explosive material
  • Radioactive material

If you are the owner of a trucking business, you know that there are a lot of potential risks to your cargo. Having the right truck cargo insurance can make all the difference.

Avoid These Two Trucking Insurance Mistakes

All commercial truckers know the importance of trucker insurance. Trucker insurance includes coverages that are specific to commercial trucking, the property you carry and the specific risks that truckers face on the road. When it comes to insurance, there are always dos and don’ts. Here are two of the don’ts to remember.

Use the Cheapest Option

Some truckers mistakenly believe that all commercial truck insurance is the same. The truth is that different insurers offer different policies. Your coverage options will depend on the cargo you carry, whether you work for a company or are an independent trucker. Do not simply choose the cheapest option.

Cancel the Coverage in Off-Season

If you have times where you store your truck, you may consider canceling your insurance policies. Some truckers assume that since they are not actively on the road, they do not have to pay for insurance. The problem with this line of thinking is that your property can still suffer damage while stored. Vandalism and fires, for instance, can still cause damage to your truck.

When it comes to commercial truck insurance, you should focus on what protects your business the most. While price matters, you should also pay attention to comprehensive coverages that will save you in the long run.

Liability Insurance for Public Officials

Public official’s liability insurance covers defense costs or damages for claims brought against elected officials, government employees, and volunteers.

Why Do Public Employees Need Liability Policies?

Any business needs protection to cover expenses when faced with unexpected lawsuits and legal fees. Those who work in the public sphere also require this type of coverage. These kinds of jobs involve a high level of risk exposure to legal claims.

Public figures face a great deal of legal scrutiny within every project. People file lawsuits for issues involving discrimination or mismanagement of funds. There is also potential exposure to claims regarding things like zoning issues or failure to perform job-related tasks.

Public entities, their officials, and employees working in various capacities need this type of liability policy, including:

  • Local governments – This includes towns, cities, boroughs, and counties.
  • Special Districts – Districts such as water and sewer utilities, hospital, fire, irrigation, housing, transit, and parks, and recreation departments are part of this category.
  • Airports and airport authorities

What Does Public Officials Liability Insurance Cover?

This type of policy protects the insured from wrongful acts claims. These claims consist of alleged misstatements, errors, negligence, or omissions while working as an elected official or public entity employee.

Public officials are liable for their actions while performing their professional duties. They should obtain coverage from an insurer who can meet their unique requirements as public figures.