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Category: Insurance

Choosing the Right Coverage for Your Banks

Choosing the Right Coverage for Your Banks

The banking industry is very complex and filled with exposures that can easily result in a claim being made against any one of the dozens of employees and managers operating a particular institution. A bank could be sued for anything from a breach of duty, giving misleading statements, making an incorrect statement, or other mistakes related to its deposit, brokerage, insurance, real estate, credit card or a number of other services.   For example, a customer might sue a bank claiming…

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How to Read and Understand Your Insurance Policy

How to Read and Understand Your Insurance Policy

In a complicated and changing business market, you may not always have time to contact your insurer to review your New Mexico Business Liability Policy. It is important to be able to read and understand your insurance policy on your own. The first portion of your insurance policy is usually entitled, “Declarations.” It will state general information about your business and about your insurance provider, including how to make contact if a claim arises. It also states the monetary limitations…

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Ways to Lower the Price of Business Insurance

Ways to Lower the Price of Business Insurance

While business insurance is most certainly a necessity, it doesn’t have to be one that that breaks the bank. Learn a few tips for successfully reducing the cost of Virginia business insurance. Look Over Your Current Policy Depending on the last time you reviewed your policy, it might no longer match your current needs, meaning you might qualify for lower premiums. Sit down with your insurance provider and take a close look at everything. Increase the Amount of Your Deductible…

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What to Consider When Choosing an Insurer

What to Consider When Choosing an Insurer

Los Angeles insurance companies, like insurance types themselves, come in all shapes and sizes. Selecting the right coverage is just as much about choosing the right policy as it is the right service. The variety available, from industry heavyweights that offer every type of coverage under the sun, to smaller shops that focus on particular products and sell only a few hundred policies a year, may make it difficult to know which agency is right for you. As with any…

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How Business Owners Assess Risk

How Business Owners Assess Risk

Getting the right business insurance is directly tied to an accurate risk assessment. Company owners need to know the specific types of risks they face in the course of doing business. Some, if not all, of these risks may be covered by general liability insurance in New Mexico, while some may require more specialized coverage. Examining Risk Exposure The first step in assessing risk is by looking at the areas where your business is exposed to possible injuries or property…

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Find A Solution For Your Business Insurance Needs

Find A Solution For Your Business Insurance Needs

Insuring your business is one of the best decisions you can make. You work hard to build and maintain a strong operation, so do not allow room for any factors take away from the business that you establish. For businesses in Henry County, Virginia, there are several coverage packages available for auto, property, and owner’s policy, along with commercial package policy, general liability, and workers’ compensation. There are other options that can be discussed based on specific business needs. Find…

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Understanding BPL Policies

Understanding BPL Policies

Bankers professional liability insurance, or BPL, is the risk-management foundation for financial institutions such as savings and loan companies, credit unions and community banks. It’s important to understand what these policies cover, because additional coverage may be needed in particular institutional settings. Allegations and Claims of Negligence Financial professionals work with large sums of money, and as such, they run the risk of being accused of negligence or wrongdoing in their handling of the money. Whether or not a lawsuit…

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Why PEOs Need Employee Benefits Liability Insurance

Why PEOs Need Employee Benefits Liability Insurance

Professional employer organizations, or PEOs, have unique insurance needs. PEO insurance packages should include appropriate Employee Benefits Liability Insurance. Employee Benefits Liability Insurance protects staffing agencies against claims of errors or omissions of employee benefits. What Types of Errors and Omissions Are Covered? Employee Benefits Liability generally covers claims resulting from omissions and errors in: Explaining benefit plans and eligibility to employees and their eligible family members Enrolling and maintaining employees and their eligible family members in benefit plans Maintaining…

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Competitive Staffing Insurance

Competitive Staffing Insurance

Staying competitive is a challenge for any business. However, while most industries require businesses to be in competition with other participants in their market, PEO or staff contract agency operations have to compete with almost every large multinational corporation. That’s because the top talent you need to build your business and enhance your reputation is attracted to great compensation packages and good employment terms. Staffing agency insurance can help you get the intellectual and professional assets you need to stay…

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The Golden State of Boat Insurance in California

The Golden State of Boat Insurance in California

There are many options for boat insurance in the golden state of California depending on the type of boat, coverage needs, and boating locations. Boat insurance providers typically offer property and liability coverage for personal watercraft, sailboats, pontoons, houseboats, powerboats, yachts, and more. Types and Costs of Boat Insurance Some policies include property coverage for on-board equipment, such as fishing equipment and sails. Liability coverage typically covers boat-related injuries or damage to others’ property. When shopping for boat insurance in…

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