Author: APC Insurance
Water treatment companies worry about a variety of bacteria that can infiltrate the clean water. Eliminating hazardous bacteria is not entirely full proof. Businesses can protect themselves with legionella liability insurance while following best practices.
Legionella bacteria cause Legionnaires’ Disease. This severe form of pneumonia is often lethal. The bacteria infects as many as 18,000 people annually in the US. Many sufferers spend time in ICU with some facing an altered quality of life. Both nonpotable and potable water systems can carry the Legionella pneumophilia bacteria.
In order to help keep the bacteria out of the water system, there are some best practices that water companies can follow. As seen on https://www.watercolormanagement.com/, combating the bacteria starts with the cooling tower system. These towers need proper maintenance for effective operation. The towers should be cleaned twice a year. The company should implement mist-elimination technologies, biocide programs and other programs such as antifoulant, dispersant, and biodispersant. The plumbing system should have its own maintenance system to ensure the water is bacteria-free.
Legionella liability is something that faces all water treatment companies. By taking the steps to include the added insurance as part of your business’ risk management plan, the company can better protect its financial assets in the event of a lawsuit.
Independent truckers and trucking companies occupy a position of trust in American business, one that the national economy wouldn’t be able to function without. They carry goods, services, and even supply-line parts and resources from the sites where they’re made to the places they need to be if they’re going to be useful, and that means truck drivers and companies take a big risk. Carrier liability insurance is required to help mitigate that risk, but it’s not typically comprehensive enough to cover all the losses if something happens, and that’s where cargo insurance steps in. While carrying this extra coverage isn’t legally mandated the way carrier insurance is, it provides essential protection that can turn a disaster into a minor setback, mitigating the majority of the economic impact from cargo damage, loss, or even some types of fraud.
What Does Motor Truck Cargo Coverage Entail?
According to the resources provided by American Team Managers, the level of coverage can vary according to the policy cost and other factors, but typical provisions include:
- Water damage
- Equipment failure, including refrigeration breakdown
In addition to these basic provisions, some carriers also include pollutant cleanup, debris removal, and even reimbursement for expenses like fire department charges when there are bills related to a municipal fire department putting out a fire involving your cargo. With those kinds of protections, you really can’t afford to go without some form of motor truck cargo insurance.
There are many fields that require professional liability insurance if you are going to operate while managing the day-to-day risks that come with that line of work, but no two professionals have exactly the same liability insurance needs, even within the same profession. Between professions, entire areas of coverage differ, and not just the details. That’s why when you’re looking for bankers professional liability insurance, you need to work with professionals who have experience with exactly that kind of product.
Insurance Built for Bankers
When you handle other people’s money for a living, it’s very common for your professional activities to draw lawsuits, even baseless ones. FGIB discusses this and the way that liability insurance for the banking industry takes care of clients:
- Coverage for defense and damages up to the policy limit
- Protection for your institution’s assets
- Specialized coverage built around your institution’s professional activities
If your current liability insurance doesn’t flex to meet the needs of your operation, how can you count on it to continue meeting your needs as your business grows and changes? The right answer to that question might be uncomfortable, but taking care of the situation and getting yourself into insurance that really fits your operation doesn’t have to be. All it takes is a team of dedicated professionals who understand your line of work.
While insurance for operators of tractor-trailers and other commercial equipment is similar to
personal automobile policies, there are other specific details for this industry that are important to
be aware of. State laws typically dictate a minimum amount of liability coverage required for
truckers to carry, but this does not protect you or your property in all situations.
As discussed by GAIN Insurance Agency, big rig insurance has many facets
beyond the standard liability requirements. There are additional aspects that protect you
personally, such as Commercial General Liability, while others cover physical damages to items
such as your truck and the cargo that is being hauled. Bobtail insurance is especially important
for owner-operators, as it provides coverage in situations when not operating under the authority
of a trucking company.
Not Just for Enclosed Semi Trucks
Insurance options arent simply for the standard semi-trailer and truck. There is a wide variety of
commercial hauling equipment that agents can assist with finding the right coverage for:
Tankers and hazmat
Having the correct policy behind you as just as important as having a solid rig underneath you.
Talking to a professional to understand all the available options will help ease your mind before
hitting the open road.
More often than at any other time in history, businesses are being hit by the criminal behavior of unprecedented proportions. However, the surprising fact is that business employees are committing much of that unlawful conduct. Since the property insurance on your commercial building does not cover employee crimes, adding an additional layer of valuable protection to your insurance coverage makes sense.
Protecting your property from an employee’s illegal actions is easier than you think according to AXIS because commercial crime insurance covers embezzlement, forgery, merchandise theft, and cash removal. The policy can also protect your company from non-employees for the following actions:
One of the largest losses faced by businesses during the past two decades has been computer-based fraud, hacking, and fund transfers. While it is easy to claim the losses will never happen to you or harm your business, the computer damage has been spreading quickly to the point that even the very large businesses are no longer secure from the employee or third-party computer-based theft.
Whether you choose an insurance policy based on a discovery basis or loss sustained source, you can be sure your company is protected from business-related crimes when you purchase crime insurance for your commercial property. There are many options available to help you protect your future from standalone policies or commercial packages.
Providing your employees with competitive benefits that fit their needs can be a complicated task, especially if you manage those benefits in-house. At the same time, you can more easily respond to employee concerns and the shifting needs of your workforce if you keep things personal. Over time, the investment in that HR infrastructure can also save you money, but it’s a complex undertaking when you first roll it out, and many companies who are providing full-time benefits for the first time miss out on important details like employee benefits coverage.
Liability for Benefits Management
When you have a fiduciary responsibility due to a benefit program like retirement savings and investment funds, you incur liabilities that are more commonly associated with investment banks and brokerages, as well as the liabilities that come when you offer health coverage and other basic plans common to today’s salary packages. As https://www.wwspi.com/ points out, you need insurance that takes care of things when a company representative makes a mistake or takes advantage of the situation for personal gain. It protects you, your workers, and the future of your benefits plan packages by limiting the financial exposure you face when there is a problem with the way employee benefits are handled. That includes issues like improper plan cancellation by bad actors within the company.
To protect you and your company if a client claims your work did not result in the expected outcome, you should strongly consider errors and omissions insurance. This is virtually a necessity for any business or professional office that furnishes a service or gives advice.
You deal with evolving standards of technology, accountability, and sustainability. This constant change increases the possibility that, regardless of how experienced, competent and careful you are, you may someday face litigation over the quality of your performance.
Whether or not the claim is valid, you will be on the hook for the cost of defending yourself in court. If you have errors and omissions insurance, you receive coverage for judgments, legal defense, and settlement.
Get the Right Protection
As noted by AXIS Insurance Service, this insurance is a vital part of a comprehensive insurance plan for business people and professionals. Policies are tailored to meet the needs of specific sectors, including the following:
- Architects and engineers
- Media and entertainment
- Cyber and technology
- Other professionals
Your errors and omissions insurance provider know where to turn for specialized attorneys and experts to evaluate the claim and, if necessary, appear in court on your behalf.
Business is unpredictable, no matter how well prepared you may be. Check today to see if you have the right coverage if things go awry.
Deciding to volunteer doesn’t always mean trekking through the jungles of Vietnam. There are so many ways that you can volunteer your time here at home to get you ready for that jungle trip when the time comes. What are some common places to look for opportunities?
It’s a lonely thought to imagine living away from your family and being cared for by strangers. If you have a soft spot for the elderly, think about doing some volunteer caregiving. Usually, administrators are delighted for the extra hands and the residents love making new friends.
Some people prefer the written word to face-to-face interaction. If you’re one of those people, why not check your local library and see if they need any help? Common activities might include reshelving books or reading to a group of children during storytime.
A heart for animals is a beautiful thing. Call the animal shelter closest to you and ask if they’re in need of volunteers you will likely be doing things like cleaning kennels and walking dogs, but when you love animals then that’s fine by you!
Check out the VIS website to learn more about volunteering. You might be surprised at how many people need extra help if you simply start asking.
When it comes to dealing with financial institutions, there are different types of services that are necessary depending on what your company offers. This could range from needing protection through a guaranty bond. Here are a few things to keep in mind when looking for coverage that is right for your company.
Protecting Against Liability Issues
In a financial or other business setting, it is easy for liability issues to occur. Selecting insurance that covers professional liability, cyber liability, and even crime insurance can protect your company should a mistake, accident, or other problems occur. In the event that your business gets sued, this can offer a layer of protection that can help in different cases, according to FGIB.
Offering Help for Different Business Needs
No matter how you serve customers or operate, it’s important to have the necessary tools in order to assist those you help in case something goes wrong. With crime insurance and other types of insurance products, you can provide the protection necessary to keep customers feeling safe.
No matter if you need a guaranty bond or other types of financial protection for your bank or business, there are many different products on the market that can be tailored to your needs. Having just what you need to serve customers can give both parties peace of mind.