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Category: Insurance

Why Is Driver Training Necessary to Be a Volunteer?

Why Is Driver Training Necessary to Be a Volunteer?

Volunteering for a nonprofit is a great way to give back to your community and make a positive difference in the world. Even if you aren’t on the front lines of what the organization is accomplishing, any support you can offer helps the group move forward with its mission. Many organizations need volunteers to complete simple tasks like driving. However, even though you may already be a good driver, you need to complete an online driver training for nonprofits. Risks…

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DBA Insurance and Government Business Contracts

DBA Insurance and Government Business Contracts

If you own and operate a business that has open contracts with the United States government or affiliated organizations, then you definitely need to take extra time when determining which insurance policy is appropriate for your needs. Government contracts can often come with very strict regulations and guidelines, meaning your insurance needs to go above and beyond to protect you and your contractors from an array of potential on-the-job incidents. Ins and Outs of DBA Coverage One option to consider…

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How Long Should Tail Coverage Last?

How Long Should Tail Coverage Last?

Tail coverage, also known as an extended reporting period provision, is a benefit that can be added to a claims-made policy. Find out what it covers and whether it might be right for your business. Types of Claims Covered  A claims-made policy covers financial losses a business may experience due to wrongful acts, accidents, or mistakes. However, if the insurance policy has expired by the time a claim is filed, the company can be left unprotected. Tail coverage is designed…

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Human Resources Liability Exposure

Human Resources Liability Exposure

Your company’s human resources department is involved in almost every aspect of involving your company’s relationship with its workforce. When employees have a problem relating to their employment, they may seek assistance from your company’s HR department. If that department is unable to provide a remedy or if any aspect of personnel management is mishandled, your company could face a liability claim based on improper employment practices. Employment Discrimination Many HR employment liability claims by employees against their employers are…

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Why Would You Need Directors and Officers Insurance

Why Would You Need Directors and Officers Insurance

When it comes to a business, no insurance coverage is too small or too superfluous. One insurance coverage that is important for any medium to large business is Directors and Officers insurance. While a policy that is this specific might not sound like the right investment here are some d&o claim examples that could very easily occur to any business, according to https://www.axisins.com. Information Leak One situation that can occur is that the company director leaks information regarding an exciting…

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Extra Steps for Insuring Your Business

Extra Steps for Insuring Your Business

Legal troubles can often be a huge issue for businesses of all shapes and sizes. When litigation begins, it means that there are going to be a number of expenses coming your way. While you can’t always prevent a legal situation from developing, you can definitely take precautionary measures to reduce the damage done. One way to achieve this is by taking out comprehensive CLM insurance to assist you. With the right claims and litigation management assistance, your business will…

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What You Should Know About Owning a Laundry Facility

What You Should Know About Owning a Laundry Facility

Owning a laundromat can provide you with a business that can be simple to run while providing revenue regardless of the economy. Take a closer look at what you should know about running a laundry business. Have Insurance to Protect Against Problems Just like in any business, there are a variety of problems that could occur according to https://www.iwains.com/. Coverage can make it possible to get equipment replaced when it breaks down or is otherwise damaged. It can also protect…

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The Real Price Tag of Cyber Risk Insurance Claims

The Real Price Tag of Cyber Risk Insurance Claims

Cyber incidents have become one of the biggest risks to businesses worldwide, and businesses are combating that threat with insurance. Cyber risk insurance claims examples are vast and varied. Listed below are several real-life scenarios. Source: https://www.axisins.com Network Security A computer virus was mistakenly downloaded to the company’s network, which caused the loss of data. The virus was then transmitted to a client’s computer network, which resulted in litigation costing the company three-quarters of a million dollars in damages. Customer…

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Healthy Meals for Truckers

Healthy Meals for Truckers

You would never fill your tank with fuel that causes your truck to drive at only half the speed limit before sputtering to a stop. Yet many truck drivers consistently fill their own bodies with food lacking proper nutrition and then wonder why they lack energy. Give your body the same respect you give your semi by filling up with the following nutritious meal options. Breakfast Choose easy-to-prepare items like whole-grain bagels with low-fat cream cheese or low-sugar breakfast bars….

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Is a Local Insurance Company Right for Your Business?

Is a Local Insurance Company Right for Your Business?

Access to an insurer who truly understands your business is an important part of making your risk management plan into a reality. The closer your working relationship and the better their understanding of your operation, the easier it is for you to get the coverage you need, without missing anything or paying more than you need. There are generally two ways to do that. You can work with people who specialize in your area of the industry, knowing it better…

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