If you’re an operator of a dump truck, then you probably know a little about truck insurance. Did you know there are insurance plans specifically catered to dump trucks? Here is what you need to know about dump truck insurance. Do You Need Dump Truck Insurance? If you’re a motor carrier who works with dump trucks, a driver of a dump truck or an owner of a dump truck, then odds are you need this type of insurance. Due to…
For those using vehicles for business purposes, getting the proper coverage is one of the best ways to avoid many potential consequences from several exposures. Whether a business transports people, goods or other types of commercial cargo, business automobile liability can ensure that it stays protected from many unforeseen circumstances. How Specialized Insurance Helps This type of insurance has many special features that are not typically covered sufficiently in general business insurance or plans for those operating personal vehicles. Business…
Welders offer the marketplace a unique set of skills necessary for a variety of projects in a wide array of industries. The niche marketplace offers budding entrepreneurs the opportunity to work for themselves doing what they know best. Welding and fabrication insurance includes several different policies covering different liabilities and risks. Standard Insurance Options Commercial property insurance covers tools and equipment used on the job. The policies often replace or cover the actual value of destroyed or damaged property. A…
If you operate a medical practice or work as a medical professional, you may need special insurance to cover your liabilities or those of your employees. Medical professional liability insurance can provide coverage for medical malpractice claims that may be made against medical facilities, practices and individual professionals. Benefits to Medical Practices and Facilities Medical practices and facilities can face a risk of liability for every employee who may have contact with patients. If a patient is injured or dies…
When it comes to American risk insurance for your business, you have to figure in worker’s compensation. Worker’s compensation is a protection not only for your employees, but also for you. Generally, worker’s compensation is supposed to help cover the costs if one of your employees suffers an injury at work. When it comes to someone being hurt in the workplace, you are liable for the cost. Here is some of what workers’ compensation covers. Lost Wages If your company…
The financial crisis of 2008 started with the bursting of the housing bubble. Sub-prime mortgages bundled into bonds put banks around the world at risk when home foreclosures started to happen like domino’s. Fortunately, the Federal Housing Administration (FHA) insures certain types of mortgages. The 2008 Housing Market Crash and How Insurance Helped provides examples of what to do in case of a future crises. Key Facts The FHA slowly lost market share as the beginning of the housing bubble…
Having a dog can be one of the most rewarding experiences. After all, dogs are known as mans best friend thanks to how they assist, comfort and protect their humans. During a dogs typical lifespan, which on average can be beyond a decade, it is sometimes hard to imagine that a good-natured animal could ever go against its everyday demeanor. However, there are many environmental and situational factors that can cause an animal to act out of character. These can…
For being innovative, hard-working and a team player, employers are expected to compensate workers handsomely for contributions, but it is very possible that something important can be overlooked. In addition to pay and benefits, working professionals in various fields are often covered by insurance from employers in the event that there is any type of disagreement that can lead to litigation, but it is possible that this insurance caters more to the protection of the company versus the employee. This…
If you operate a business and have staff who may drive their own cars to conduct company business such as attending conferences, meeting with clients, or running errands your company could be liable if these employees are involved in an accident. Non owned auto insurance may cover liability for accidents in certain situations. Personal Insurance May Exclude or Limit Coverage An employee’s personal insurance policy may limit its coverage to situations when the vehicle may be used for personal use….
Regardless of the size of your construction outfit, having a builders risk policy protects the building project while under construction. Weather elements, natural disasters and human error can cost the company additional money, cause unexpected problems or extend the project timeline. Builders risk insurance in NY provides coverage needed during building construction. Coverage Options Builders risk covers just the project currently being erected. Protecting the company from risk and liabilities is important, but not all general liability policies extend to…