Tag: Insurance Companies
Contractors understand how critical it is for them to secure the necessary bonds and permits before taking on a project. Permits, bonds and new jersey contractors insurance are required to show their client that the job is properly certified, the contractor will stand by the work they perform, and that amends will be made should the job not be completed, or if the results are unsatisfactory, or any damages occur as a result of the project.
Clients often look at a multitude of bids prior to awarding any projects. This is done to ensure they are getting the best team for the best price before getting things underway. While some may award the job to the lowest bidder, most are often more concerned with the quality of the work and track record of the contractor.
Whatever the case its always best to show that the company you represent will be the best choice for the job being contracted, and this usually comes down to your presentation.
Evaluating your business
Do you paint yourself in the best light? Dont underestimate the importance of your website and any advertisements you post (both online and in print), or anything else that reflects on the company. You should have a well-designed logo and quotes and invoices should be presented on stationary with the company logo.
Make sure the website is interactive. Starting a blog, having a Q&A forum, even writing an advice column helps to show your expertise in contracting and construction. Your blogs should showcase your knowledge of industry guidelines, answer FAQ, and provide helpful tips and resources, along with anything else that may be relevant to potential customers.
Answering questions goes a long way towards improving branding since clients will consider this when the time comes for home repair or many of the major projects you may be seeking from large corporations. Building credibility by being involved in local community events helps to gain trust and also provides networking opportunities in the community.
Your real credibility lies in the performance once the job is secured and having new jersey contractors insurance.
Customs import bond insurance is basically a guarantee between the surety company issuing the customs bond, the importer of record, and the customs & border protection (CBP) agency. CBP requires all importers to file an import bond in order to clear their entries, even when the goods are duty free. The import bond guarantees CBP will collect all import duties, taxes, fines or penalties. If for any reason they do not receive this from the importer then they have a way to collect from the insurance/surety company who issued the bond.
Customs bonds are required in different situations, for example, when foreign goods are to be imported or handled within the US, including any cargo carrier or freight forwarder importing goods or merchandise into the country, international carriers transporting cargo (or passengers) from a foreign location to the US, and anyone operating a warehouse or facility used to store imported or exported goods.
Brokers are available across the US
Many customs brokers are also agents for sureties and sell import bond insurance. A list of brokers in the state where you operate is available online. Be aware however that some brokers will not issue you a bond without you giving them power of attorney to file your entry on your behalf.
The purpose of a customs bond is to provide a guarantee that the duties, taxes and fees owed to the federal government will be paid. There are both “single entry” and “continuous” customs bonds. The single entry bond is used when only importing once or occasionally, rather than performing services on a regular basis. The continuous bond is used when importing happens on a more regular basis.
Determining the bond amount gets more involved for continuous customs bonds. The CBP provides a document called Monetary Guidelines for Setting Bond Amounts to provide some kind of guidance on how the bond amount is determined. A continuous import bond is good at any US port and can be used by any customs broker or freight forwarder you choose to clear your entries.
The right marketing approach can have a tremendous impact on the success or failure of any business. This includes being represented by the best agents, and providing the type of support that creates opportunities to succeed. Some examples of tools and strategies that often get results consist of providing free reports and newsletters, engaging in joint ventures and hosting workshops or being involved in community gatherings. These are the types of things that are designed to build relationships with prospects that will hopefully become clients down the line.
Only by developing an Insurance Agent Website that truly reflects all of the positive aspects of the company and its capabilities will visitors be enticed to solicit information about the products and services being offered. A well-designed site will make all the difference when it comes to landing prospective clients that have a need for the services that you provide.
The primary goal will be to close the deal
You need dedicated agents who will respond to the many queries with a sincerity that makes prospects feel comfortable talking about their insurance needs. They represent the organization and if they do their job well this makes generating sales a bit easier and will lead to profits. As with any business, the highest priority is to make a profit and that is accomplished by prospecting, closing deals and servicing accounts.
Having a list of frequently asked questions and the answers to those questions helps gain confidence and trust from the person making the inquiry. Agents should practice, drill and rehearse what they plan to say prior to making the calls so that their conversation flows naturally, which will also ensure that they say exactly what they intended to convey, using the most effective words possible.
But in order to even get to this point, those in charge of the Insurance Agent Website design must figure out exactly what will achieve this goal. It might be helpful to follow the best practices of many of the more successful agencies currently operating on the web since smartly produced insurance websites always draw the most visitors and this creates opportunities to garner the desired results.
As an agent, you know that purchasing insurance for a boat or yacht can be a bit more complex than insuring vehicles. Boats require specialized coverages, which includes a variety of items such as navigation limits, liability coverage, aftermarket product coverages and other factors that an experienced marina operator already understands.
Those new to these types of operations need to understand that this is a business that involves yachts and other sailing or motorized boating vessels and there’s a need to properly protect such large investments. Qualified marina insurance brokers aid their clients in purchasing marine insurance that provides for any and all circumstances they may be likely to come across.
Different types of coverage they’ll need to consider
There are so many risks and exposures faced when running a company that caters to a clientele that enjoys many different water-related activities. This includes such things as fishing, sailing or simply exploring different coastlines with caves and bays and all of the wonders of the oceans, so having the right policy in place will increase their level of comfort and that’s something that your clients should be entitled to enjoy as well.
Help owners understand that they can choose from a list of available products and services, including a real and personal property policy, one specific to a yacht dealer, and one for equipment, lifts, and tools. In addition, if they invest time in boat shows or exhibitions, operate a business that builds and sells owned watercraft, or need a policy for piers, wharves and docks, show them a list of agencies geared to help with any and all of these business lines.
There are obviously a lot of different options to choose from and not all boating companies are the same. Every owner needs to take into account which policies are relevant to the business they own and operate, and this may include any of the following:
- General liability
- Products completed operations liability
- Marina operators legal liability
- Protection and indemnity
- Ship repairers legal liability
- Commercial automobile
- Pollution, and
Coverage for employees is a vital necessity
In order to run their business properly they’re likely going to need quite a few employees. This means workers compensation insurance, depending on the number of full time employees in their care. Speaking on behalf of marina insurance brokers, you can help answer any questions pertaining to marina insurance coverage to facilitate any clients needs.
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.
The risk of hackers infiltrating all types of businesses has become so prevalent that it regularly makes the news. Cyber security is important for companies of all sizes. Many small businesses are now being targeted and are equally at risk for cyber attacks as large companies and should therefore be prepared for a possible breach at any time.
Thankfully companies in the area can greatly benefit from austin business insurance that deals specifically with cyber theft and cyber breaches. Not only are hackers a concern when it comes to breaches but even those within the company can be responsible for getting into your system and stealing data, either unintentionally or on purpose.
Laptops can provide access to sensitive data
Sensitive information exists in most companies computer records and if an unauthorized individual is able to access a company computer then you could be at risk. For example, an employee who takes a laptop home from work could have it stolen and this could result in a loss of personal and confidential information. Any business that collects and stores sensitive information from customers, as many now do (and this includes everything from credit and credit card information, contact information, social security numbers, and confidential medical information) is at risk of a data theft.
Ways to prevent your company from experiencing a breach
You should instruct all employees to change the passwords used to log into technology systems on a regular basis and to avoid emailing sensitive information, or use a secured email service. Have employees lock their computer screens whenever their desks are unattended and never open strange email attachments or click unusual links in emails, especially from unknown senders. Make it a company policy to restrict access to unescorted and/or unsupervised visitors walking through your office, and have a written technology policy in place so that all employees understand the expectations and rules regarding how your business handles sensitive data.
To protect your small business from these exposures, consider a cyber liability austin business insurance policy. Speak to an agent that can help you identify the risks your business faces from data theft and also help you identify the right policy to cover those exposures.
As a nightclub owner, you can greatly benefit by partnering with an insurance broker familiar with the specific types of coverage you’ll likely need to be fully covered in the event of an accident or loss. There are many programs available on the market when it comes to insurance for nightclubs, and you should take the time necessary to find a comprehensive and detail-oriented agency that will provide you with the best products and services available for your industry.
The hazards involved in operating nightclubs are numerous. You’re likely going to need a number of insurance policies to cover everything from property damage, liabilities to patrons and the public, health insurance and workers compensation, and even disaster coverage. This will be necessary regardless of the size or the scope of your business. The right agent will provide you with services that will address the same risks and exposures that could cost you a fortune without the right coverage in place.
Liquor liability insurance is among the most vital coverage issues
Liquor liability is a major concern in this industry, something that is a necessity to your nightclub insurance package. Alcohol can create many issues and many of the claims and lawsuits against establishments of this type circle around the sale of alcoholic beverages. A liquor liability policy is a must because its the kind of insurance that protects you from any problems that may arise from the consumption of alcohol, including unintentionally selling to minors, or what may occur to (or because of) customers long after they leave your establishment.
Event liability insurance is something you may or may not need depending on whether you allow others to rent your space. It is a one-time policy that covers a specific group event and for a specific date and time. Then, if there is damage to your club, or any items are destroyed during their event your insurance policy will help cover the amount of the damage.
Remember, that before you buy any insurance for nightclubs, speak to a reputable agency that can guide you through the different available coverage options so you can make an informed choice. This is important for any establishment that wants to survive in this competitive industry. Being under-insured or uninsured means being one drastic event away from disaster!
As those dealing in freight forwarding and cargo contingency fully know, US customs reviews entries in a multi-step process. Generally, the freight is released to the importer before the process is complete. Customs therefore requires that a bond, which acts like an insurance policy, cover commercial entries. It acts as a guarantee that an importer will, once the freight is released, agree to pay duties in a timely manner (often within ten days if processed through a broker).
They must also agree to make or complete a proper entry, to produce documents and evidence when requested, redeliver the merchandise to customs custody, if necessary, and to rectify any noncompliance with the provisions of admission. Also, in order to receive a custom clearance bond they will need to agree to the examination of the merchandise and to use the freight in the manner dictated by a special-use provision entry, as well as comply with customs regulations, electronic entry requirements and advance cargo information filing requirements. They must also take responsibility for the consequences of any damages charged against the bond in the case of default.
Important information to know
The primary purpose of a customs bond is to guarantee the payment of import duties and taxes, as well as to assure compliance with all laws and regulations governing the entry of merchandise from foreign shipping points into the US. For restricted merchandise, including anything requiring a declaration to the FCC, FDA or other government agency, the bond is required to cover three times the commercial invoice value.
For items considered to be non-restricted merchandise, the bond must cover the commercial invoice value plus the duties and taxes applicable to the shipment. A Single-Entry bond needs to be filed in hard copy format to customs at the port in order to obtain a release. The documents are sent by courier to customs, reviewed by an inspector, subsequently released, and then returned to the broker’s office by courier. Remember, for time-sensitive cargo, that all of this traveling of the paperwork will often take some time.
Speak to an insurance agent knowledgeable about the custom clearance bond process, and also in surety and risk management solutions for supply chain and transportation intermediaries.