Employee Benefits Coverage
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The healthcare industry is one of the most mentally and emotionally demanding fields of employment, and employee turnover can be one of the biggest challenges in the industry. Medical facilities rely on the recruiting efforts of staffing companies to fill their labor needs, and as Manchester Specialty recommends, only working with partners that supply medical staffing insurance can help safeguard the investment of all involved.
Who Can Be Covered
A medical staffing agency usually deals strictly with healthcare professionals. These individuals can be employed across several disciplines and skill levels, such as surgeons, therapist, nurses, technicians, or doctors. Regardless of their function or job duties, the nature of the medical field opens each of these practitioners up to a range of liabilities and exposures.
What is Offered
A comprehensive medical staffing insurance plan will address the specific risks of the field and job placement. It should be applicable whether the employee is working at a hospital, nursing home, physicians office, or clinic. It should include coverage in the following areas:
General Liability and Package Policy
Professional Liability Coverage
Employment Practices Liability
Directors and Officers Liability
Regulatory Audit Coverage
Medical staffing companies provide a resource for healthcare facilities who are in dire need of medical professionals. By carrying an insurance policy that addresses the unique exposures of their operation, the staffing company is well-protected from financial loss.
A building owner has a lot of responsibility, both to tenants operating an office or retail business in one of their properties, as well as to themselves because of the value of the property. A lack of coverage, or inadequate coverage, may result in a host of problems, including jeopardizing the reputation of your business along with serious financial loss.
We suggest you conduct a complete risk assessment of your operation and its exposures to determine how to address your risks effectively. Building owners insurance coverage will certainly do the trick, but it’s important to know which types and how much insurance you’ll actually need in order to be fully covered.
Understanding the policy language is important
Before you buy any insurance you should read your policy carefully. You may need to buy additional coverages or separate policies (such as flood, windstorm, or crime coverage policies) to fully protect your building. Commercial property insurance coverage comes in many forms. Depending on the type of business you’re running, apartment buildings, retail and office space, storing, shipping and warehouse, or a building used for some other type of operations, you need to find available coverages specific to your general needs.
The success of your properties may well depend upon how well you maintain and manage your leased buildings, as well as on having the proper insurance coverage to minimize the impact on tenants while protecting your investment from losses should some unexpected event occur.
As a building owner, when you’re renting to tenants you should be fully aware of just how both the type and amount of insurance a tenant has (or doesn’t have) impacts you. If a tenant has no renters or liability insurance, then you as a building owner are at risk if something should happen to go wrong.
Ideally every lease should have an insurance clause that states the insurance requirements for any tenant who rents space from you. By requiring tenants to carry coverage you can avoid many disastrous scenarios. In any case, you should only rent to people and businesses that fully understand the importance of having coverage and, just like you’re carrying building owners insurance, they should also carry a policy that protects their interests as well.
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.
Today the hospitality industry is thriving and full of excitement and challenges. But there are risks associated with providing a location for a multitude of people to spend extended time for a fee. This means that you can be held liable for a slew of issues that could arise, from a slip and fall by the pool, to a food borne illness while dining in your establishment. Certainly a lot of things can and possibly will go wrong.
As a hospitality owner, a person or business can even be named in a lawsuit for an incident that occurred off premises, or simply if circumstances bear out that there was some connection to the establishment. If you contact a New Mexico Insurance Agency you can likely purchase hospitality insurance that can provide you with peace of mind and the assurance that you will be protected in the event that an incident results in an unexpected claim.
Insurance is easy to acquire and readily available
There are a number of companies operating in the area that offer hospitality insurance in comprehensive policy packages. The amount of the cost for coverage will usually be determined by the size of your business. The comprehensive coverage that you can purchase will, of course, vary from provider to provider.
Whether you run a hotel, social club, restaurant or tavern, you need to have coverage for injuries, damages, and other unforeseeable events. You’ll want to include commercial property insurance, general liability coverage, liquor liability (if you serve alcoholic beverages), loss of income, and umbrella insurance for added protection. There are other policies available and a reputable agent can go over your particular exposures and help you tailor a package to fit your precise needs.
When it comes to your business, it is likely your greatest investment and you need to protect it. Just one lawsuit related to your operations could spell financial disaster, as this is just the type of occurrence that can ruin or bankrupt a small business and significantly cripple a medium or large size business. This is why an investment in coverage provided by a New Mexico Insurance Agency is actually low compared to the cost that you will encounter if you don’t have it and end up facing a costly claim.
If you are spending your precious time finding and hiring quality candidates for positions in your company, you want them to stay for as long as possible. To keep your retention rate high, it may be a good idea to look into Pennsylvania employee benefits coverage. Great insurance for your employees can keep them happy and working hard for your company.
Group Benefit Options
There are several different options for employee coverage to choose from. A group benefit option is usually very attractive to employees because it keeps the costs lower than individual coverage. Some of the group benefit options may include:
- Key Employee Life Insurance
Determining Which Package to Choose
If your company cannot afford a comprehensive insurance plan for your employees, you have the ability to choose which benefits you will offer. One of the best ways to determine which benefits package you should choose is to ask each of your employees what they would like to be included in the plan. This way you can find out which benefits are the most popular and can start comparing plans.
Once you have compared plans and have figured out what you would like to include in your Pennsylvania employee benefits coverage, you can talk to a trusted insurance agent. An agent can help you compare costs and get you the perfect plan for your company.