Category: Workers Compensation

Why Your Construction Project Needs a Course of Construction (COC) Policy


A COC policy is a vital form of insurance that will protect you in the event of loss or damage while a project is being completed. During the most critical times in a construction project’s development, you need to be safeguarded against the unexpected.

You’re Vulnerable to Damage, Loss, and Theft While Projects Are Still Underway

Active job sites are in a constant state of change. Their physical conditions can change dramatically from one day to the next, and they often have rotating personnel. During periods of transition, its important to be vigilant about risk management and maintaining insurance coverage levels that address all associated risks.

You Take On the Risk for Other Companies Work

Before some project phases can pass building inspections, certain equipment and machinery will need to be tested to ensure that they’re working properly. Contractors face significant risk and liability exposure when they’re testing new equipment that they weren’t responsible for manufacturing or installing. Source:

You Can Face Serious Financial Penalties for Delays

Almost every type of accident that sets back a project’s timeline can have a heavy economic impact on a GC. Most construction contracts including all standard AIA agreements provide for liquidated damages in the event that a project runs past the specified completion date. COC policies can include provisions that cover these types of damages.

How Small Businesses Can Save Money on Workers Compensation Coverage

North Carolina small business workers compensation

Business owners may struggle with containing costs that can impact their ability to succeed. One of these expenses that can balloon is North Carolina small business workers compensation. Owners must carry coverage to protect their employees who are injured at work, but with clear and consistent safety standards, they may be able to lower the workers compensation costs.

Study History

Reviewing current safety procedures can be a good place to start, but companies should also review past and current claims to identify any patterns. The information gathered could be useful in crafting new safety standards.

Get It in Writing

Drafting a new safety policy to address specific areas of concern as well as standard operations may help reduce the number of potential injuries in the workplace. Educating employees on the new standards can be part of ongoing training.

On the Regular

By holding regular meetings with employees to address safety, business owners can ensure their employees understand and adhere to safety protocols. Workers can also share experiences to strengthen managements understanding of potential hazards.

One for All

For workers to take safety seriously, they should know the company policy applies to everyone. Business owners should adhere to their standards as well.

Taking steps to commit to stringent safety procedures can make a difference in North Carolina small business workers compensation expenses. An insurance agent can also review coverage and discuss other ways to lower coverage costs.


What to Look For When Hiring a Workers Compensation MGA

Workers Comp MGA

You decided to hire a workers comp MGA to help you choose from the endless insurance policies on the market. The question now is: How do you choose the right MGA from the endless amount of agencies on the market? Making the right decision as to which agency to hire is a key step in guaranteeing that you get the right insurance plan for your unique needs. Here are a couple things to keep in mind when shopping around.

Industry Knowledge

The level of coverage you need, and are eligible to receive, varies greatly depending on the industry in which your company operates. Its important to check that your MGA understands the realities that affect your industry and that it works with insurance providers that offer coverage for it.

Knowledge of Local Regulations

Just as requirements vary from industry to industry, they also vary from state to state. When choosing an MGA, it is therefore imperative that they have an intricate understanding of your states regulations and the regulations that apply if your employees work in multiple states.

Once you have found a workers comp MGA that is well-informed in both of these areas, make sure to ask for references. Hiring a reputable and knowledgeable brokerage agency will help ensure that your company gets the best policy available.

Never Do Business Without Commercial Coverage

business insurance va

As a business owner in Virginia, you understand that running a company comes with certain risks. Fortunately, business insurance in VA offers extensive liability coverage at competitive rates, allowing you to conduct business with the protection you require. Working directly with an agent, you can find a policy that best suits your needs, from commercial liability to workers compensation. Take a moment to learn a little bit more about business insurance.

More Options, Better Coverage

Financially backed by reliable insurers, business insurance in VA steps up to the challenge when your company is at stake. With personal, professional attention from a reputable agent, your business can choose from a variety of products, including:

  • general liability,
  • commercial auto,
  • business owners,
  • commercial property,
  • workers compensation,
  • commercial package, and more.

Though these policies may seem overwhelming, in reality your coverage needs comes down to two things: the type of business you are and the type of company you plan to become.

The Power to Grow Your Business

Having protection against the various risks you encounter in business allows your company the room for growth and to pursue more ambitious goals without worrying about the what-ifs. To usher your business into the next era, contact your local agent to begin shaping a policy that’s right for your company.

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.

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.

Protection Through a New Mexico Insurance Agency

New Mexico insurance Agency

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.

Types of Workers Compensation

Types of Workers Compensation

Getting hurt or injured on the job can be devastating if it means that the employee has to take time off, but Florida workers comp is in place to help protect employees whose ability to work is impacted. There are different types of workers compensation benefits and they cover a variety of situations.

Medical Care

This benefit is probably the most commonly used one. It covers medical and hospital expenses that are needed to diagnose and treat the injury. Things that are generally included include visits to the doctor, medication, and surgeries. In some cases, equipment, pain therapy, acupuncture, and counseling may be covered.

Disability Income

This benefit covers lost wages in the event you need to miss time from work. There are different categories that disabilities can fall into. These include temporary partial, temporary total, permanent partial, and permanent total. The benefits received will be a percentage of what was being earned before the injury.


This type of benefit pays for therapeutic care that will help with injury or illness recovery. This also includes training to regain abilities and skills to return to work.


In the unfortunate event that the employee dies due to injuries, this benefit is paid to dependent family members to compensate for financial loss. Those who may be covered under Florida workers comp include spouses, children, siblings, or parents.

Specialty Auto Repair Workers Compensation Insurance

Specialty Auto Repair Workers Compensation Insurance

With insurance taking a big bite out of the budget of your business, you need a way to control the cost. Find a broker that specializes in auto repair workers compensation insurance that understands your industry and can work with you to find a solution for your organization. Making your premiums affordable for you is just part of the service you get from your insurance company.

More than that, your insurance company provides services that help you reduce your risk of accidents. They understand the auto repair industry and have solutions that help prevent injuries on the work site. When you set up stringent policies that protect your workers, everyone stays safe. When an employee is injured, having an efficient return-to-work program will help you mitigate your costs of your auto repair workers compensation insurance.

Build a relationship with your insurance company to receive the assistance you need to help you manage the costs of your premiums. Your industry has specific needs and issues that make your premiums run higher simply due to the higher risks on the job. Partner with a great company that can provide comprehensive coverage and ideas for your business. Don’t risk your company and its assets by not carrying the insurance you need and protect your employees in case they are injured on the job. Talk to your agent about your options for insurance.