Month: July 2018

Take Advantage of Innovative Maritime Insurance Practices

ship repairers insurance wholesalers

When you’re researching insurance policies for your shipbuilding or repairing company, it can be challenging to find the coverage you want from standard insurance agents. If this is the case for your business, ship repairers insurance wholesalers might be a viable option for you. Ship repairers and other niche tradesmen often have difficulty obtaining proper insurance coverage, which is where insurance wholesalers enter the picture. This innovative type of insurance broker acts as a middleman who has the resources and capabilities to match your company’s insurance agent with the insurance supplier offering the niche products that’ll provide the best fit for your company.

Your firms existing package of standard business Insurance coverages likely includes protections for any ship repairers working for you. Due to the specific risks and hazards ship repairers face during the course of doing their job, however, these tradesmen require specific liability coverages. In the event that your company’s existing insurance agency does not offer this kind of coverage, your insurance specialist can procure this type of policy for you from ship repairers insurance wholesalers.

Taking the time to review your insurance coverage regularly is the first step towards keeping your company protected in today’s ever-changing regulatory environment. A skilled insurance agent can help you navigate the process and find the right policies for your business at the best prices.

Having Boat Coverage for Your Valuable Asset

Newport Beach boat insurance

Owning a boat in Southern California can be a lot of hard work, but consider the joy that comes with it. People who enjoy boating often like to entertain others, providing them the experience of seeing the world from a special vantage point, while venturing the high seas. A simple cruise around the harbor can be exhilarating, or perhaps embarking on a fishing expedition with friends and family.

But partaking in these activities means that you also need to be aware that there may arise circumstances that can turn fun into tragedy. If you become involved in a boating accident, and someone gets injured, or your boat is in need of serious repair, youll need a Newport Beach boat insurance policy to address any claims.

Potential concerns for boat owners

When you determine that you need to file a claim for a boating accident, your insurance company will need to determine if you were following laws and regulations regarding the operation of your boat. This is why you should never operate the boat while intoxicated or under the influence of drugs or alcohol.

Insurance companies explicitly deny liability for any accident where drugs or alcohol were ingested and could be determined to be a factor in the incident. Always obey the law, because by violating these laws you have also violated the terms of your boat insurance policy and your insurer will generally deny any claim under these circumstances.

Knowing what your insurance policy covers

If you are involved in a fishing boat accident, your coverage must meet specific requirements for the insurance to be valid, otherwise chances are likely that the insurance coverage may not pay your claim. Because there is a wide variance in the type of boat insurance coverage that is made available, you’ll need an understanding as to what circumstances would or would not imperil a claim.

For example, most policies define natural perils as being those physical elements that expose your boat to the risk of a loss. These include fire, water, wind and other natural occurrences. To the extent that you are imperiled from filing a claim depends on which, if any, natural peril is or isn’t covered. Therefore, you should always make sure that your Newport Beach boat insurance policy covers the type of outing you’ll be engaging in.


Protect Your Investments With the Right Coverage

Commercial real estate insurance

Commercial real estate insurance is essential for protecting your property and related assets from disastrous events such as fires, theft, storm damage, and other environmental occurrences. Having this type of policy will save your business from potential financial ruin and is especially effective when combined with a general liability policy.

Commercial real estate insurance and general liability insurance differ in the protection they provide but are designed to work together to prevent your business from suffering specific losses. Some of the costliest commercial real estate claims fall under both of these types of insurance and include theft, water damage, customer slip and fall, and customer injury and damage. While the commercial real estate policy protects you against the environmental damage, the general liability policy protects you in the event that a third party files a lawsuit against your business. These two types of insurance are often combined into a package known as a business owners policy, or, BOP.

Having the right coverage and enough of it is vital to keeping your business up and running smoothly without having to worry about financial disasters or incurring large amounts of debt. A commercial real estate policy and general liability policy work together to keep you covered in all the most important areas and help ensure the continued success of your business.

Smart Executives Have Liability Insurance

Management Liability Insurance

Running your business is hard enough without having to worry about legal attacks on your management practices. From allegations of conflicts of interests to inadvertently releasing non-public information, being a director, officer or board member of a company opens you up to a wide array of legal scrutiny. That’s why smart executives arm themselves with management liability insurance. In today’s complex business environment, its no longer enough to rely on your company to protect you when the going gets rough. Acquiring liability insurance that covers your actions as a member of management is an excellent way to add an extra layer of legal protection when you find yourself listed in a lawsuit.

With lawsuits becoming more and more common in today’s tort-centric environment, having adequate coverage against liability claims is a must for all executives. Should your firm not indemnify its directors and officers in its Corporation By-Laws, management liability insurance covers you if must defend yourself against a lawsuit or pay a settlement. This coverage most commonly provides protection on a claims-made basis, but options exist that allow you to carry your coverage between carriers should you face a life-changing event, such as a job change.

If you’re a business executive, make sure you have the liability coverage you need before you find out its too late.

Construction Insurance: How to Find the Right Insurance Company

commercial construction insurance

Construction insurance is something many contracting and construction companies have. However, there are still quite a few companies that are uninsured. This is often because these companies don’t think they need it or are unsure of how to find the best insurance company to work with. Here is how you can find the right company to provide commercial construction insurance.

First of all, you should make sure an insurance company offers the type of policies you are looking for. You want to be sure a particular insurance agency not only has exceptional customer service, but provides the insurance plan you need.

Secondly, you should get pricing estimates from several different insurance agencies. By doing this, you will be able to find the best insurance at a reasonable price. You should strive to have at least three different estimates.

Another way to find the best insurance company is by looking up each company on the Better Business Bureau website. This can help you get an idea of the company’s overall financial strength and reputation.

These are just a few ways you can find the ideal insurance agency to provide commercial construction insurance for your company. Just remember to take your time so that you can carefully consider all of your options.

Get Proper Coverage for Your Restaurant

food and beverage insurance

Everyone loves food and drinks, but many don’t think about what it takes to serve restaurant customers without the restaurant putting itself at financial risk. The food and beverage industry requires high amounts of complex operations and unique challenges. It is important and ethical to serve restaurant and cafe customers with food and drinks they know they can trust. The best way to become reputable and trustworthy among your customer base is to acquire food and beverage insurance. There are multiple forms of specialized insurance coverage available for these kinds of businesses, including general liability, product recall, product contamination or tampering, environmental liability, professional liability, commercial property coverage, and more.

If your food business is mobile like a food truck or delivery service, for example you can still receive specialized coverage. Specialized commercial auto insurance is available to restaurant and cafe owners, as well as cargo and good-in-transit coverage, employment practices liability, workers compensation, business interruption, cyber liability, and crime coverage. Getting food and beverage insurance doesn’t have to be a burden for you or your company. Talk to the right people today about getting your business covered so that your company can continue satisfying its customers with good food, good drinks, and product and processes protected by comprehensive coverage.