Month: October 2020

The Ins and Outs of Boat Builders Liability

Boat Builders Liability

The construction of boats can be a complicated and involved process. If you operate a business that specializes in this service, you likely have a ton of questions about your current insurance coverage. Operating a business in a specific field like boat building can be complicated and you want to be sure you are protected from all possible risks. Review these general points to make sure youre taking all the proper precautions.

Protect Your Business

As with a number of insurance policies, boat builders liability is an option that will depend largely on the nature of your work. The construction of luxury vehicles like yachts can be expensive. Whats more, a client tasking you with this job is expecting you to deliver results regardless of external factors. Should you experience setbacks due to a natural disaster, the client might not have the patience to wait until youve sorted things out. With a liability package, your insurance can help you maintain good relations with clients. Additional options to consider include:

  • Crime insurance to guard against theft
  • Coverage for machinery and molds involved in construction
  • Property coverage for piers

Review Your Options

As long as you take out the right insurance package, you can provide yourself with the peace of mind you need to succeed. Look over the details and discover more about which policy fits best for your company.

How Taxi Drivers Can Improve Tips

Taxi Drivers

In contrast to other industries, there isn’t a universally agreed-upon formula for how good service from a taxi driver should be tipped. As a result, tips can vary dramatically from one passenger to the next. It can be easy for a driver to feel helpless about the value that they generate in tips. However, a few simple techniques can help them improve the total value of their tips every day.

Be Personable and Friendly

A smile and friendly attitude can go a long way towards encouraging tips as a taxi driver. A driver should make it a point to introduce himself or herself. After passengers share their name, addressing them by their name can help to make them feel engaged.

Review the Route

As soon as a driver sets out towards passengers destination, he or she should ask them if they have a preferred route or if they are okay with using the route provided by a GPS. Customers will appreciate being asked for their input.

Be Welcoming to Out-of-Towners

A person who is unfamiliar with an area may like to hear more about it. If a passengers indicate that they’re visiting from out of town, drivers should make an effort to tell them a little about the area and highlight some points of interest.

Are Your Employees Covered on the Job?


In any workplace there are unexpected situations that may result in injuries, loss of wages and long-term effects on overall health. When dealing with injured workers, it is important to understand the difference between an occupational accident policy vs workers compensation. Employers must have the right insurance to protect themselves, their business and their employees when misfortune arises.

Workers’ Compensation Coverage Simplified

In most cases, a workers’ compensation plan is state-administered, providing coverage for medical expenses, legal expenses and lost wages resulting from a workplace injury that limits the execution of an employee’s normal job duties.
Employees must be able to prove their injury is work-related during a lawsuit. In most cases, employees cannot pursue punitive damage or pain/suffering in a court of law after accepting workers’ comp.

Occupational Accident Policy Explained

Another option is an occupational accident policy, which has a specified threshold of coverage for both employees and their employers should workplace injury occur. Assessments are made regarding the potential risks of employers and their workplaces to determine elected coverage amounts and plan deductibles. These policies have certain benefits:

  • Offers the employer control over the amount of coverage employee receives
  • Provides more customization of options, including survivor benefits, disability, or accidental death
  • Often costs less

However, if the plan’s coverage limits are exceeded by an employee, then the employer must cover remaining costs.
Deciding on the right plan can be challenging, but learning more about an occupational accident policy vs workers compensation can ensure your business and your employees are both properly protected.

What You Need To Know About Volunteer Insurance

Volunteer Insurance

When you run a nonprofit organization, you rely on your volunteers to serve the community and make a difference in the world at large. Though standard nonprofit insurance is enough to protect your full-time staff members and the organization itself, it’s not enough to protect your volunteers. To do that, you need dedicated volunteer insurance coverage.

What the Policy Does

A dedicated volunteer insurance policy helps reduce your organization’s liability risk across the board. Since your volunteers represent your organization, they’re often the ones interacting with the public and providing services to the greater community. This means they’re at risk for liability issues and damages if they’re not careful. The volunteer policy extends liability protection to your volunteers when they’re representing your organization and engaging with the public.

What To Look For

The right volunteer coverage for your organization largely depends on the types of activities your volunteers will be involved in. When shopping for a policy, look for the following characteristics:

  • Specific coverage for volunteers, not employees
  • Enhanced liability coverage both on and off-site
  • Affordable monthly premiums
  • Coverage limits that fit your needs and risks
  • Great client support
  • A clear claims process

Insuring your volunteers in addition to your employees is the best way to protect your organization in the long-run. Choose a dedicated volunteer policy and you’ll be able to protect your team at all times.

What Is Hemp Insurance?

Hemp Insurance

Industrial hemp growers face uncertain times as the federal government waffles on its commitment to supporting legal hemp by continuing its over-surveillance of these operations while neglecting to prevent interference with growers and transporters by state governments and law enforcement agencies. While industrial hemp does not contain any chemicals on the controlled substances list, it is also indistinguishable from immature cannabis, and that makes it a target for ill-informed enforcement in areas that are still under prohibition.

Protect Every Aspect of Your Business

Hemp insurance offers you an opportunity to get the liability and business risk coverage you need, with both boilerplate protections for all businesses and hemp industry-specific provisions that are based on the risks you face when growing, processing, or transporting hemp to marketplaces. That lets you focus on developing more wholesale contacts, building your client base, and producing the best product possible. Coverage for hemp businesses can even provide unique and comprehensive coverage for businesses that make consumer goods from bulk hemp fiber. That’s because the insurers serving this niche understand its complexity. Often, they also tackle the challenge of providing insurance for cannabis businesses in states that have legalized it for recreational or medicinal use, so they’ve seen the industry from every possible angle. That’s a good thing when you have questions about insurance for your business.