Month: November 2014

Ease Your Financial Burden With Uniform Rental Insurance

If you own a uniform rental company, then you know how difficult it can be to pay the costs for stains, rips, and other damage done to your uniforms by a renter. Because you most likely provide uniform rental services to a wide variety of businesses and occupational professionals, it is important to make sure that you are not stuck with the full repair or replacement tab if your uniforms are damaged and need to be repaired or replaced. In order to financially protect your business, talk to a trusted insurance agent about uniform rental insurance.

Who Needs Insurance for Uniform Rentals?

Whether you rent your uniforms out to culinary schools or large business firms, you need to have a good uniform rental insurance policy in place. Even the most clean and careful clients could very easily lose one or more of your uniforms or spill something on them. If this type of situation happens and you do not have insurance coverage, then you will be forced to either pay for the damaged and missing uniforms on your own, or try to work something out with the company that rented them from you. This can create hard feelings between your company and your clients, and it can also hurt your company financially.

Purchase an Insurance Policy Today

If you do not currently have uniform rental insurance, ease your company’s financial burden by purchasing a policy today.

Cover These Key Aspects With CAA General Liability Insurance

Insurance for Community Action Agencies

Organizations that work with those in need or disadvantaged can leave themselves vulnerable if steps aren’t taken to protect the group as a whole and individuals involved. Insurance for community action agencies can be tailored specifically to the needs of non-profits. General liability insurance, in particular, can be very important in safeguarding. Here are a few reasons why general coverage is a step in the right direction.

Professional Liability

Within your agency there are likely a variety of professionals working in their respective fields to assist clients. Whether you have medical professionals, therapists and counselors, or emergency service providers on your roster, you can be assured that they and your organization are covered. While strict policies may be in place to minimize negative incidents, the agency will not be left vulnerable should an accident or mishandling of a situation occur.

Sexual and Physical Abuse Liability

Claims associated with molestation, sexual abuse and physical abuse are covered with insurance for community action agencies. This aspect of coverage helps the agency respond to the claims, provides for defense expenses, and assists in covering monetary damages that are paid.

Broad Liability

This covers a large range of the most common liabilities CAAs tend to face. Some of the general claims you may have covered include bodily injury received by employees, volunteers or guests (including incidents on the premises of agency related functions), contractual issues, property and product coverage, advertising injury coverage and a slew of other legal liabilities.
Having general liability can keep you from suffering severe financial losses in the face of a claim. Insurance for community action agencies can keep your organization covered while you keep your focus on the work.

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Understanding the Ins and Outs of Workers

Understanding the Ins and Outs of Workers’ Compensation Insurance

If you’re a business owner in the Commonwealth of Virginia, it is mandatory that you hold workers’ compensation insurance. Designed to help both the company and the injured individual, workers compensation Virginia provides medical benefits and lost wages to employees who are hurt or losing income as a result of an on-the-job accident.
Typically, workers’ compensation insurance covers the following types of expenses.

  • Medical care resulting from the on-the-job injury or illness
  • Retraining costs, if necessary
  • Replacement income
  • Compensation for long-term or permanent injuries
  • Benefits to survivors of workers whose injuries prove fatal

Just as important as understanding what workers compensation Virginia covers is recognizing what it won’t cover. Remember, workers’ compensation is designed to cover injuries that result from the employer’s negligence or carelessness, and there are several limitations. The following are a few examples of situations where workers’ compensation doesn’t apply.

  • If the employee is proven to have been under the influence of drugs or alcohol at the time of the incident
  • If the employee’s injuries are proven to have been self-inflicted
  • If the employee was in direct violation of a company law or policy at the time of the incident

While factors like proper training and adequate rest can reduce the likelihood that your company will actually need workers’ compensation insurance, it is mandatory that you have it, so it’s critical that you fully understand what it will and will not cover.

Find Errors and Omissions Insurance That Applies to your Specific Industry

When searching for errors and omissions insurance coverage, there are dozens of E&O wholesaler agencies that are willing to sell you an insurance policy. With all of the options out there, how can you be sure you are getting the best one? By choosing an E&O wholesaler who offers coverage for your specific industry, you can feel better prepared with a policy that has been tailored to your specific needs. Look for an errors and omissions wholesaler who displays the following capacities.

Takes the Time to Listen

When looking for an E&O insurance policy, it is important that your insurance provider takes the time to listen to your individual needs. All insurance policies are not created equal because every business is different. Even within the same industry, one business will have different insurance needs than another. An E&O wholesaler who takes the time to listen to your unique insurance needs will be able to create a custom policy that keeps your business better protected from professional liability lawsuits.

Takes Interest in Protecting Your Business

No matter how perfect any business model may appear, human error is a part of life. When mistakes are made, lawsuits may be filed and reputations may be put on the line. Look for an errors and omissions wholesaler who takes interest in protecting your business from all possible scenarios; doing so may save you money, and in some cases, your business.

The Importance of Employment Practices Liability Coverage for Private and Charter Schools

The past decade has seen a growing number of thriving charter and private academies across the country. However, there has also been a significant increase in employment practices liability suits across all industries, thanks in part to greater scrutiny of such cases by the Equal Employment Opportunity Commission (EEOC).
In order to protect institutional assets, ensure continued good standing within the business and educational community, and secure continued viability, it is essential that charter and private institutions seek comprehensive employment practices liability insurance for schools.

Protection Against Employee-Related Lawsuits

The EEOC’s purview includes a wide range of workplace violations related to employment malpractice claims such as: wrongful termination, sexual harassment, and discrimination. Employment practices liability (EPL) insurance for schools provides policy protection against employee suits that allege violation of rights under diverse federal acts. Examples of types of coverage that EPL insurance may provide include:

  • Damage awards and settlements in cases where employers are found liable of misconduct
  • Coverage for costs of investigations associated with regulatory actions
  • Legal fee coverage


Choosing an Experienced Insurance Provider

Because charter and private schools have a unique set of insurance needs, it is important that these institutions seek coverage programs specifically designed to provide for them. In addition to competitive pricing and comprehensive, flexible offerings, it can be a good idea to search for companies with demonstrated experience serving social service and non-profit organizations.

The Fundamentals of Getting the Most Out of Your Errors and Omissions Insurance Policy

As part of protecting your security and that of your clients, it is important to have a solid insurance policy in place. Errors and omissions insurance for insurance agents is a reliable resource to use to protect your assets, reputation, and overall financial security in the event a client claims you didn’t provide the service you promised. To get the most out of your policy, apply these fundamentals along the way.

Work With a Provider

Your decision to work with a reliable provider may make all the difference in the amount of protection you receive from your policy. Good providers will take the time to look closely at your personal needs to determine an effective coverage.

Understand the Policy

A lack of understanding of the details of your policy may keep you from getting the most out of it. Any questions you have surrounding language, concepts, or factors of the policy should be addressed immediately with your provider.

Develop Relationships of Trust

Through your dedication to building trusting relationships with your clients, you have the potential to maintain a professional and honest reputation. By always operating in conjunction with an ethical code, you can greatly reduce your chances of unhappy clients.
These basic suggestions will allow you to utilize every aspect of your errors and omissions insurance for insurance agents. Be sure to protect yourself today with the right coverage.

Car Insurance Coverage Requirements for Tennessee Drivers

Car Insurance Coverage Requirements for Tennessee Drivers

As a resident of the home of the Grand Ole Oprey, the Great Smoky Mountains and Elvis Presley, you’re required to have auto insurance any time you get behind the wheel. While there are a variety of options you can use to personalize your policy, there are a number of predetermined coverage amounts and limits to which you must adhere. Before you begin shopping for the best possible car insurance Tennesee policy, make sure you’re aware of the following minimum requirements, and what each feature means.

Bodily Injury Liability ($25,000 per person; $50,000 per accident)

This type of coverage guards against financial losses that result from injuries sustained during an accident.

Property Damage Liability ($15,000 per accident)

Property damage coverage works similarly to bodily injury liability, but relates to property damage you cause while operating your vehicle.
While the aforementioned coverage levels are required before you can operate a vehicle in Tennesse, you may also want to consider adding the following to your car insurance Tennessee policy.

  • Collision coverage
  • Comprehensive coverage
  • Uninsured/Underinsured motorist coverage
  • Medical payment coverage
  • Rental car coverage

Keep in mind that, while the minimal requirements discussed apply to all Tennessee drivers, there are certain situations, like if you are leasing a car or are still paying one off, which may require additional coverage levels. Before you purchase a car insurance Tennessee policy, speak with an insurance professional to determine your specific coverage needs.

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How Surety Bonds Protect Those Involved in Construction Projects

How Surety Bonds Protect Those Involved in Construction Projects

Surety bonds are necessary to provide financial security and construction project completion by assuring project owners that contractors that they hire will perform the work as well as pay their suppliers of goods and services. This particular bond is used as a way to transfer risk where the surety company assures the project owner (obligee) that the contractor (Principal) will perform a contract in accordance with the contract documents.

Types of bonds available through a surety company

There are three basic types of contract surety bonds:

  1. The bid bond assures that the bid has been submitted in good faith and that the contractor will enter into the contract at the price bid and will provide the required performance and payment bonds.


  1. The performance bond protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.


  1. The payment bond assures that the contractor will pay specified subcontractors, laborers, and any material suppliers on the project.

By analyzing the risks involved with a construction project, the obligee will be able to better understand how surety bonds can protect against those risks. Owners, lenders, taxpayers, contractors, and subcontractors are protected because the contractor has undergone a rigorous prequalification process and is judged capable of fulfilling the obligations of the contract.
Contractors are more likely to complete bonded projects than non-bonded projects since the surety company may require personal or corporate indemnity from the contractor. Subcontractors have no need to file mechanic’s liens on a private project when a payment bond is in place, and the payment bond may be the only protection these claimants have if they are not paid for the goods and services they provide.
Bonding capacity is a vital tool because securing one can increase a contractor’s or subcontractor’s project opportunities, and put them in a better position to win projects they have bid on. The surety bond producer and underwriter can also offer technical, financial, or management assistance to a contractor.
Any contractor, whether just starting out, or having been in business for several years, large or small, with varying levels of knowledge, can all experience serious problems when performing this type of work. Through the years surety bonds have been instrumental as a reliable instrument for minimizing the risks in construction.

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Restaurant Insurance Policy Considerations

Many challenges to running a successful business

Restaurant owners face many concerns related to running a safe and healthy establishment in order to keep customers coming back for more. Everything from the ambience, to the staff, and of course the food they serve must be of the highest quality. Restaurant insurance is needed in order to cover everything from liability issues to faulty equipment.
As most restaurant owners know, they are obligated by the law to protect their business, workers and patrons with proper insurance coverage. For added protection, they might even want to consider obtaining an umbrella insurance policy to protect them from any personal financial obligation. Before opening for business, it is important to determine what type of policies they should commit to. Researching the various types of coverage will help safeguard the business so they can reap the benefits and rewards of running a profitable venture.

Many challenges to running a successful business

Running a restaurant can be challenging enough without having to worry about things such as lawsuits, loss of income or serious property damage. Adequate amounts of restaurant insurance can help reduce many of these worries and help an owner concentrate on the important things, like the food and their customers.
Restaurants face a wide range of risks every day when they open their doors, and each business is run in its own unique way. Typically, insurance policies might include coverages such as:

  • General Liability insurance
  • Worker’s Comp insurance
  • Property Coverage, and
  • Loss of Income insurance

Restaurant insurance is required for many different business models, including bars, cafes, cafeterias, catering services, diners, delicatessens, fast food establishments, and food trucks.

Combined policies can be a real cost saver

Business Owners Insurance (BOP) could provide various protections for restaurants including general liability insurance, property insurance, loss of income coverage and more. General liability insurance is an important part of any restaurant insurance plan. It provides protection against lawsuits and other financial liabilities that result from things like slips, building damage, lawsuits and other business related risks. Workers’ Compensation insurance will help cover the medical costs (and a portion of lost wages) for an employee who becomes ill or injured during work. Speak to a reputable agent about this and any other restaurant insurance packages required.

photo credit: Robert Voors cc