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Author: BBS Finder Insurance

Exercise Your Liability Insurance Options

Exercise Your Liability Insurance Options

When you are shopping for a transportation insurance policy for Texas, liability will be a large part of your total insurance coverage. Not only do you want to comply with Texas and Federal law regarding coverage, you want to make sure that you have the adequate coverage for your type of transport business. Whether your vehicles need a business automobile or commercial truckers’ coverage, transportation insurance has options to protect you from liability exposure.

Cargo Insurance

Cargo comes in all shapes and sizes and needs to be insured for damage or loss to protect both you and your clients. Whether you haul produce or cars, cargo insurance can be written to address your level of liability exposure.

Workers’ Compensation

When you have employees, you are liable if they get injured on the job. A workers’ compensation policy covers treatment of injuries, provides worker income during recuperation, and handles legal fees associated with the case.

Additional coverages include:

  • Pollution liability
  • Bobtail liability
  • Employment practices liability
  • Inland marine
  • Leased operator
  • Dump truck policies

Transportation insurance policy for Texas companies has many choices to address a wide variety of liability challenges to your business. Your insurance agent can work with you to build a policy that offers both security and value.


Cyber Insurance Regulations for Banks

Cyber Insurance Regulations for Banks

The threat to information and financial systems is ever-growing. These threats of cyberattacks from terrorist organizations and criminals has spawned new cyber security regulations for banks and other financial institutions.

New York State Department of Financial Services

On March 1, 2017, new regulations went into effect. Promulgated by the New York State Department of Financial Services, they are designed to promote the safety and security of customer information and information technology systems of banks. Financial institutions are required to assess their specific risks and design a robust program to address the risks. Insurance for financial institutions is available and should be purchased as part of the program instated.

Insurance Coverage

Most traditional policies do not cover damages due to data breaches. If your institution has already invested in cyber insurance for financial institutions, review your policy and make sure it is up to the standards of new regulations. Check that limits or sub-limits associated with legal costs, settlements, fines and penalties and investigation costs are covered at least to the extent required.

As cyberattacks become more prevalent, states are reacting with new regulations. The New York State of Department of Financial Services recently enacted new regulations for financial institutions with regards to cyber security. Insurance should be a prominent component of any risk mitigation plan.

Is Business Interruption Insurance Right for You?

Is Business Interruption Insurance Right for You?

When you’re looking for business insurance in Wayne, New Jersey, the first step is to consult with a business insurance specialist. Doing this may seem obvious to you, but it’s a step that many business owners neglect. By discussing the insurance needs of your company with a representative whose focus is business coverage, you avail yourself of the agent’s expertise and knowledge in the field. This specialty might cause them to suggest you consider a business interruption policy for your company.

You don’t want to think about disaster striking your company, but if it does, you have to have the right coverage in place. Regular business insurance policies can cover the cost of property damage, but other expenses come about when a disaster hits your business. Some example of these unexpected costs can include the cost of renting a new location, the cost of renting new equipment and the costs of any additional advertising you feel you need. Also, a business interruption policy can even pay your company a set income while you wait for your customer traffic to recover. No matter the type of business you own, consulting an insurance specialist for business insurance in Wayne, New Jersey is an excellent way to ensure your company has the coverage it needs.

Protect Your Family by Maintaining Your Auto Insurance Coverage

Protect Your Family by Maintaining Your Auto Insurance Coverage

Protecting family is usually at the forefront of every parent’s mind. It can take time, resources and energy to ensure that your family has everything it needs to thrive. One of the things that can help protect your family is auto insurance. Often, though, when financial trouble hits, many families make the choice to let auto insurance lapse. That may be a mistake because auto insurance can protect your family in the event of an accident, loss or theft. LA insurance may be a reasonable insurance option for your family.

Reliable, but affordable, insurance could be the difference between more financial problems or protection for your family. Just think of the costs that may be incurred should you have an accident. Replacing or repairing the damage to your vehicle could cost your family a large amount of money, whereas insurance could help defray some of the expense. The same could be true if your car is stolen or damaged in a natural disaster.

Many families recognize that having auto insurance can be a big part of their monthly budget, but they also recognize that it is a necessary expense, like housing or food. So, if you need affordable but reliable insurance that could help you pay for repairs or replacement of your car, look into LA insurance to meet your needs.

The Right Automotive Insurance Keeps You Protected

The Right Automotive Insurance Keeps You Protected

Your automobile is more than just a means to get from home to work and back, again; it’s how you travel on vacations, go out for dinner and take the kids to practice. When you have an OC insurance agent double check your automotive insurance, you’re taking an important step towards keeping your family safe. Whether it’s comprehensive or liability automotive coverage, there is a policy out there for your needs.

Know the Benefits of Automotive Liability Insurance

You know that insurance coverage can help you pay for the cost of any repairs resulting from an accident. What you might have forgotten, though, is that the right automotive insurance policy doesn’t just cover your vehicle; it can also provide you with liability protection from the following,

  • Damage that occurred to someone else’s property
  • Time you lose from work
  • The cost of medical procedures
  • Personal injury lawsuits.

Also, if you need to use a rental car, that’s another cost your insurance policy can cover. If you’re in doubt about whether your automotive insurance policy is adequate for your needs, reach out to a professional OC insurance representative for a consultation. No matter if you have one car or a fleet of trucks, you owe it to yourself to have the correct automotive insurance policy in place.

Financial Protection Suited For Lenders

Financial Protection Suited For Lenders

A banker could be sued for any number of reasons including, but not limited to, a breach of duty, making a misleading or incorrect statement, or other mistakes related to deposits, brokerage, insurance, real estate, credit card or other services they provide. For example, a customer faced with a fraudulent check or fraudulent wire transfer that caused funds to be erroneously removed from their account might consider this the basis for a lawsuit.


Bankers Insurance provides financial protection for financial professionals against a customer’s claim of negligence. Professional liability insurance for bankers is a type of errors and omissions coverage made to protect persons working in the banking industry, along with the institutions they work for, from any expenses associated with having to mount a defense against a lawsuit or having to pay a judgment when they lose.


When should bankers purchase coverage?


Bankers should purchase professional liability insurance policies as soon as possible. The policy can also be tailored to the unique risks they may face. In most cases, an investment banker would want coverage for underwriting, syndicating, securitizing and market-making activities. A lender, on the other hand, would want coverage for his or her activities related to granting, committing to, restructuring or terminating loans and lines of credit.


However, it’s important to understand that Bankers insurance for professional liability does not cover fraudulent or dishonest behavior, any deliberate violations of laws, or other criminal acts by individuals. It also does not cover claims that are pending at the time the policy is taken out, nor does it cover libel, slander, defamation or claims of invasion of privacy.


Some policies written by insurers may allow banks to choose their own legal defense should the need arise. In most cases, the insurance company will provide the legal defense when litigation stems from an insured act. If the insurance company comes to the conclusion that a settlement is preferable to a trial and the insured refuses the settlement, coverage for trial expenses may be limited to the proposed settlement amount.


It’s vital for you to read and understand any contract fully before committing to the coverage proposal. Speak to an agent if you have any questions pertaining to Bankers insurance.

3 Questions to Answer Before Purchasing Homeowners Insurance

3 Questions to Answer Before Purchasing Homeowners Insurance

You are finally living in the place of your dreams, and now it is time to protect it. But, how do you know you are getting the insurance coverage you need without paying too much? Here are 3 questions to help you and your insurance agent in New Mexico find the right policy for your home.

1. How Much Liability Coverage Do You Need?

If you are renting or live anywhere with an HOA, there may be a minimum level of liability coverage required. Depending on what is required and your liability risk, you may want to purchase a policy with greater coverage. High liability risks include the following:

  • Swimming pool
  • High-risk pet
  • Short-term rental of all or part of the property

Your insurance agent in New Mexico can help you determine the level of liability coverage needed for your home.

2. Should You Purchase Flood or Earthquake Coverage?

Depending on where you live, flood and/or earthquake insurance can further protect your home when damaged by natural phenomena. Your agent should be able to answer questions you have about such coverage, including whether it is available or necessary in your location.

3. How Can You Get the Best Deal?

Many insurance agencies offer discounts or package deals depending on the types of coverage purchased. Your insurance agent in New Mexico should be able to help you navigate their options to get the best coverage at the best price.


When Your BPL Policy Saves the Day

When Your BPL Policy Saves the Day



Mistakes happen in every industry, but mistakes in the financial sector can have enormous repercussions for financial institutions. Fortunately, there’s a way to protect your community bank, credit union, or other financial services provider. Read below to discover the three scenarios where bankers’ professional liability insurance can save the day.

Misleading Statements

A disgruntled customer may not be the only danger your financial institution faces if they issue a misleading or incorrect statement. Should you find yourself on the other side of a lawsuit due to a misleading statement, a BPL policy can cover your legal defense and reimburse any losses.

Depository Mistakes

Did you know nearly a third of lawsuits brought against financial institutions are related to depositors? Whether through administrative error, accidental asset transfer, or illegitimate endorsement, every deposit brings a measure of risk. But when you have a BPL policy, you can rest easy that you – and thus your customers – are covered against losses resulting from depository mistakes.

Mis-selling Claims

If a customer files a claim against your financial institution for mis-selling, the legal defense costs can be staggering. Fortunately, a BPL policy can provide protection against loss whether the claim revolves around omitted information, misleading sales tactics, or other related allegations.

Bankers’ professional liability insurance can provide defense and protection for all three of the above scenarios and many more. When you acquire a BPL policy, you get more than insurance: you get peace of mind.

Is Your Cargo Fully Insured? Do You Know?

Is Your Cargo Fully Insured? Do You Know?

One of the biggest challenges truckers face is risk management. On the road, anything can happen, and you need to be able to handle whatever the day throws at you. That means more than just being tough and working hard to see projects through, though. It also means building a risk management portfolio that really works to protect you. Texas cargo insurance companies understand this and make it their mission to provide you with all the guidance and support you need, from advice about which coverages and protections you need to helping you understand how your insurance costs figure into the big picture when it comes to your overhead.

Finding the right insurance carrier shouldn’t be hard, but sometimes new truckers need a nudge in the right direction. The important thing about looking for transportation and cargo insurance is to find a carrier who specializes. General insurance companies might offer the right coverage, but they will often miss important options and details that Texas cargo insurance carriers who make it their business to advise truckers and the transportation industry will be able to provide. If you have any questions about your risk management portfolio, or if you are looking for new coverage, contact a dedicated transportation insurance company today.

Small Business Workers Compensation Insurance

Small Business Workers Compensation Insurance

There are many questions to confront when starting up your first small business like, “what is workers compensation insurance?” Workers’ compensation insurance helps to protect you and your employees from the unexpected. It is actually a requirement in most U.S. states.

What is Workers Compensation Insurance?

If one of your employees is injured on the job, workers’ compensation insurance covers the medical and rehabilitation costs associated with the injury. This allows everyone to have peace of mind. Many plans require that employees forfeit their right to sue your business for negligence. In return, they receive the medical attention they need.

What Does Workers Compensation Insurance Cost?

You should carry workers’ compensation insurance first and foremost because your state probably requires it. There are stiff penalties associated with not having it. Requirements vary from state to state, but in most instances, self-employed individuals and farming employees are exempt.

The Workers Compensation Board in each state determines costs. Typically, a standard formula is used to calculate rates: risk classification multiplied by 1% per $100 of an employee’s payroll. Two factors determine a position’s risk classification: frequency and severity of injury. Your business’s safety history can lead to increases and decreases in the cost of coverage.

As a small business owner, you have a lot to worry about. Don’t let the risk of a lawsuit or unnecessary penalties be on that list. Your employees are like family. Provide them the coverage they need to fell protected.