D&O Coverage for Nonprofit Organizations

D&O Coverage for Nonprofit Organizations

The last decade has seen a significant increase in nonprofit liability claims. Because the resources of many organizations are insufficient to provide the most desirable support, directors and officers may be vulnerable. Axis management liability coverage can protect the management team and defend the organization from claims that may result in millions of dollars in jury awards and settlements. The nonprofit sector has two predominant types of organizations, and each has different forms of exposure for their directors and officers….

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5 Insurance Must-Haves for Small and Medium-Sized Businesses

5 Insurance Must-Haves for Small and Medium-Sized Businesses

As a small or medium-sized business owner, you are facing unique risks. It is recommended that you get a comprehensive insurance package and financial guaranty insurance policy so you’re covered when things go wrong. 1. Professional Liability You need professional liability insurance as your standard liability insurance does not cover your liability involved with being a business owner. Errors and omission insurance is part of this and covers claims for inadequate work. 2. Commercial Property No matter if you own…

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Uncommon Business Coverage

Uncommon Business Coverage

While business insurance can cover common incidents, there are also less common ones it can cover, too. Business insurance in Wantage, New Jersey, covers some cases you may not have heard of, like fidelity insurance and interruption insurance. Here’s a look at these lesser known possibilities. Unauthorized Employee Activity Fidelity insurance serves to protect a business from dishonest acts by an employee. This could be anything from steeling money to inappropriate behavior with a customer. As a business owner, you…

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Homeowner’s Insurance for Prefab Homes

Homeowner’s Insurance for Prefab Homes

Prefab homes are built in sections at a factory, then transported and assembled on site, accelerating construction time. A house constructed in this manner can be less expensive and more energy efficient than other homes. Modular homes have become a popular option in recent years, as they are less expensive than traditional stick built options. Insurance companies have responded accordingly by offering full-coverage policies. Prefab home insurance programs can help homeowners protect their investment with varying levels of coverage options,…

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3 Ways Bankers Liability Insurance Makes Your Bank More Secure

3 Ways Bankers Liability Insurance Makes Your Bank More Secure

When you own a bank, you have to accept a great deal of responsibility, especially when it comes to your customers’ cash and sensitive financial information. Typically, you’ll require liability insurance for bankers in order to keep up with the demand of keeping both data and funds protected from those who’d seek to get their hands on it illegally. These insurance policies help out your bank’s operations in a variety of ways, but the main benefits are crime coverage, cyber-liability…

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Reasons People Smoke Electronic Cigarettes

Reasons People Smoke Electronic Cigarettes

Although e-cigarettes are growing rapidly in popularity, the fact that they are a relatively new product makes some insurance companies hesitant to offer ecig insurance programs until the trend has been around a bit longer. However, it appears that vaping, or the use of e-cigarettes, may be here to stay. Here are some of the most common reasons that people turn to using vaporizers instead of cigarettes. The most common reason to switch to electronic cigarettes is for health purposes….

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A Policy for Accidents Involving Motorcyclists

A Policy for Accidents Involving Motorcyclists

Anyone who rides a motorcycle around Los Angeles knows that they often do so at great risk. When an accident occurs involving a motorcycle and any other vehicle chances are it will result in serious injury. While the dangers are apparent, those who ride these two-wheeled vehicles feel that it’s worth the risk. They can get where they’re going more quickly, especially during rush hour traffic, but they should remain cautious at all times. Because the threat of personal injury…

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The Key to Protecting Your Oil-Based Company

The Key to Protecting Your Oil-Based Company

Owning a company that deals with gas and oil on a daily basis comes with several inherent risks. However, that doesn’t mean you can’t keep your companies and employees protected while you’re taking care of business. Oilfield insurance in NM is simple to find due to the industry’s solid presence in the region, which extends back as far as the 1920s. However, the key to keeping your company really and truly protected is finding a provider that really knows what…

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Important Aspects of Key Policies for Manufacturers

Important Aspects of Key Policies for Manufacturers

Being a manufacturer of products comes with many different risks and concerns for owners. Your business caters to a particular type of client and if, for example, you experience a work stoppage requiring you to cease operations for any length of time, this becomes a major issue. In addition, a business interruption could be due to any number of issues, including vandalism, fire, windstorm, or equipment breakdown, some common problems associated with the industry and experienced by many business owners…

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Choosing a Life Insurance Policy

Choosing a Life Insurance Policy

In an often uncertain economy, financial planning is more and more necessary. As people sit down to plan for the future, they sometimes neglect to consider life insurance which can leave loved ones at a disadvantage. While there are a variety of plans to choose from, only a Whole Life insurance policy is permanent. Benefits of Permanent Coverage Whole Life policies last the entire life of the policy holder. They have no termination date like other policies which require renewal…

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