Month: July 2016

Top 5 Factors to Consider When Choosing an Insurance Company

insurance companies in Virginia

When choosing between insurance companies in Virginia, there are several important factors to consider before making a decision. Whether you own a home or business, one of the most essential things you need to do is protect your family or mitigate business risks with proper insurance coverage. Here are five factors to consider when selecting an insurance company:

1. Type of coverage. General liability is essential, but there are other coverage types available.
2. Budget. Be practical when it comes to how much you can afford for insurance expenses.
3. Comparing rates. Compare different rates and features that insurance companies in Virginia offer before making a commitment.
4. Read the fine print. Pay close attention to the fine print in your insurance policy before purchasing it so you do not end up overpaying in the end.
5. Quality rating. Compare the quality ratings of various insurance companies published by the main insurance rating agencies, such as Standard & Poors or Moodys.

Peace of mind and financial protection are just a few benefits of comparing insurance companies in Virginia before deciding on a policy to purchase. Understanding your priorities before you begin the search can help you locate the company that offers affordable, competitive prices and dependable coverage to meet your insurance needs.

Obtaining Complete Coverage on the Road

CT auto insurance

When you’re behind the wheel, you need the right protection to ensure that you’ll be able to handle any unfortunate accidents you may encounter. This is where your CT auto insurance comes in. However, for new drivers, purchasing insurance can seem like a challenge, with several of the coverage options a bit unclear regarding exactly what they do. Here are some of the most important coverage options that seek to keep you financially secure from various threats on the road:

Collision Coverage: This aptly named option guards you from loss in the event that another vehicle collides with yours.
Comprehensive Coverage: This is much like collision coverage, but deals with items other than cars. Fire damage, theft and other types of accidents are included in this category.
Personal Liability: This protects you financially in the event that you cause a wreck. It mitigates the expenses of property damage and injury you may face in the aftermath.
No-Fault Coverage: Regardless of who’s fault the accident in question was, you’ll receive personal injury protection.

Each of these CT auto insurance coverage types have their benefits. Speaking with your insurance agent can help you decide if you need these additional areas of coverage added to your policy in the years to come or not.

Insurance Options for Aggressive Dog Breeds

dangerous dog liability insurance

Every dog deserves a loving home, including ones that are considered to be more dangerous than others. Some canines are prone to aggressive behavior, and responsible owners who realize this will do anything they can to ensure the safety of their pup and those it comes into contact with. As the owner of an aggressive breed, its a good idea to consider dangerous dog liability insurance as a line of defense in the event something goes wrong.

Rest Assured, Your Dog Can Be Insured

According to the Center for Disease Control, over 4.7 million people are bitten by dogs each year in the United States. While its true nobody likes to have their pet labeled as dangerous, these labels do exist for the public’s protection, regardless of the animals perceived temperament. All it takes to get a dangerous dog liability insurance quote is to submit an application by email, fax, or mail. There are no breed restrictions for this coverage, so even if your pet is considered by the public-at-large to be dangerous, this wont keep them from getting insured.

Flexible Approval and Coverage Limits

By getting insured today, you can rest easy knowing that you can be covered up to $300,000 or more in the event of an incident involving your furry loved one. These incidents can range from bites to scratches or even injuries to other animals. Whats more, your dog will be considered for coverage even if they’ve caused an injury in the past. If you are the owner of an aggressive canine, don’t leave anything up to chance: protect yourself with dangerous dog liability insurance.

Getting to Know Some Basic Types of Insurance

Daniels Insurance

Whether you are running a business or buying a home, insurance is essential for protecting against most of the unforeseen circumstances of an uncertain future. You may find that there are a variety of different types of insurance. Knowing which ones are necessary can be a bit tricky. It can be useful to contact an insurance agency, such as Daniels Insurance, in order to get a better sense of what you need. Here are some common types of insurance with which you may want to familiarize yourself.

General Liability

If you run a business then you probably know about general liability insurance. This type of insurance pays for most future costs incurred by accidents such as property damage and injury that occurs on the company’s premises. Liability insurance will also help pay for a settlement if you happen to be found liable. If you’ve been running a business for a while, an insurance agency, such as Daniels Insurance, can help you go over your policy to ensure that there is no duplicate coverage or coverage gaps.

Homeowners Insurance

It is imperative to own homeowners insurance if you want to protect against any future losses. This type of insurance will help you replace damaged structures and protect your assets in the event that an injury occurs on your property. Homeowners insurance can also cover costs incurred by theft, fire or vandalism.

Because there are many different kinds of insurance, it is advisable to contact an expert who can help find the right policy for you.

What Is Third-Party Liability When It Comes to Cyber Liability Insurance?

cyber liability insurance

Companies with large databases might have access to numerous peoples information, including credit card info. A data breach can result in various inconveniences in your customers lives, and they may even file a lawsuit against your company. Be prepared in case this happens by acquiring cyber liability insurance.

Third-Party Defense

Insurance against cyber risks includes third-party liabilities. This means that in the event of a data breach, you will be assisted by your insurance provider if your business gets taken to court. One or many customers can file a lawsuit in order to be awarded damages in the event their personal information was taken.

Insurance will help your company pay all related court fees. Even if you do not have to pay damages, you may still need to pay a lot of money to various lawyers, which can really set your business back. In the event a court decides you do need to pay damages, then insurance can assist with paying these settlements.

Be Protected With Insurance

Data breaches are becoming more common, and when they do happen, they tend to be newsworthy events. Make sure your business gets ahead of the issue instead of falling behind it, and get cyber liability insurance. Various advantages stand to be gained that you do not want to be caught without.


Why Your Company May Need a Commercial Package Policy

commercial package policy

For many businesses there comes a time when a company grows past the point where its infrastructure, processes, and goals become obsolete. This is a concept all too familiar to many who understand that the commercial landscape is constantly changing, which also applies to a business insurance policy. Where a startup or a relatively new company may be well-served by adding several low-priced insurance coverage’s over time, an expanding and more mature company will likely require a more universal approach when it comes to protecting itself against unexpected perils. This is precisely the point where an insurance agency that deals primarily with small businesses can be of help by offering options related to a commercial package policy.

Comparing a business owners policy with a commercial package policy

Once individual insurance policies no longer do the trick, a small business owner has two choices of insurance packages available: a business owners policy and a commercial package policy. Both of them offer multiple types of policies that are bundled together, but there are some substantial differences between the two.

For example, a business owners policy is like that fast food combo meal that is perfectly suitable for people looking to save money and that only need a quick, pre-packaged insurance solution that will give them sufficient coverage. But due to the fact that a commercial package policy offers so many more options, its a much better choice in that it can be tailored to cover many important aspects of your business concerns.

When constructing your commercial package coverage’s, you can pick from several types of coverage, including product liability, general liability, and professional liability, as well as property, business income, business auto, and even employment practices or commercial umbrella, and there are other options available. Other policies that you may require, but not available within a CPP, can still be purchased as stand alone policies. So you get all the protection you need, and as your needs change you can restructure everything in a way that you need and will benefit you the most.

Speak to an agent today if you feel that you could benefit from some assistance in putting together a commercial package policy.

Supply Chain Insurance Programs and Coverage Necessities

supply chain insurance programs

Distribution of goods takes place by means of various channels, and its the intermediaries that are generally the independent groups (or organizations) within these channels that make it possible for products to be made readily available for consumption. Occasionally this results in some items experiencing loss or damage, and loss or damage of goods needs protection through supply chain insurance programs.

Intermediaries are the reason why companies are able to deliver their products to the end user without the need to own the whole supply chain. They also serve the vital functions of reducing transaction costs, and pooling and diversifying any risk involved.

Transit risks can include all types of incidents

Insurance for cargo and freight covers a variety of hazards, including rough handling of goods, theft or non-delivery, jettison (the act of casting goods from a vessel or aircraft to lighten or stabilize it), collision, and natural disasters, to name a few. Having proper coverage is essential in order to offset losses and keep clients satisfied.

There are four main types of intermediary: agents, wholesalers, distributors, and retailers.

A firm may have as many intermediaries in its distribution channels it chooses, or it can have no intermediaries at all, through direct marketing. Agents or brokers act as an extension of the manufacturing company whose main job is to represent the producer to the final user in selling a product. Unlike agents, wholesalers take title to the goods and services when they act as intermediaries. They’re independently owned, and own the products they sell.

The difference between distributors and wholesalers is that distributors align themselves to complementary products. For example, distributors of one name-brand product will not distribute a competitors products. This way they can maintain a close relationship with their suppliers.

Finally, retailers can be small independent operators, such as mom and pop stores, or large chains like Walmart. Whatever their size, retailers purchase products from market intermediaries and sell them directly to the end user for a profit. For those intermediaries who fail to deliver on time, or experience an incident that results in a loss of cargo, your client needs supply chain insurance programs to help cover such losses.

Restaurants and Making Hospitality Insurance Choices

hospitality insurance

Your hospitality business is focused on serving the needs of the thousands of customers that pick you to help whet their appetite. The insurance coverage that you select must be designed to help you continue to serve your customers in times when you experience a loss (and make sure that you’re back up and running as quickly as possible) in the event that a major issue develops.

You need a hospitality insurance policy that has coverage’s and support specifically designed for a company in this dynamic industry. As a restaurant owner, you’ve worked hard to create a successful business that serves the needs of your customers and provide a positive dining experience. Any risks or exposures can easily affect your reputation and bring your operations to its knees.

Choosing the right insurance agency with sound solutions

That’s why its important that you partner with an insurer that will cater to all of your insurance needs by helping you manage the protection of your business, staff and guests. That means someone that offers customized coverage’s that are specifically designed with a restaurant in mind. Many agencies operate within this area that specialize in helping restaurants with their insurance and risk management.

Being in the hospitality business is different than many other types of businesses, and you need someone who understands those differences. Insuring a restaurant requires in depth knowledge and experience about which types of coverage’s are critical and what coverage’s are considered just desirable to have. The objective should be to provide each restaurateur with a customized insurance program at the lowest possible price.

As an owner, you’re concerned with a slew of different issues, including loss control and how to proactively avoid claims from occurring. Loss prevention is one of the most effective claims management tools of all.

Whether you’re the owner of a fine dining establishment, cafe’, diner, sandwich shop, fast food place, or other so-called hospitality venue, you’ll want the option to choose from a number of programs, including packages that include business liability protection, property coverage and crime. It doesn’t matter if you have a single location or multiple locations, you can get a tailored hospitality insurance solution that is guaranteed to be the right fit for you.