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A Quick Guide to Insurance for Oil and Gas Companies

A Quick Guide to Insurance for Oil and Gas Companies

Businesses in the energy industry, especially gas and oil companies, face unique risks. The indemnity coverage you select should account for those unique risks. You’ll want to keep a few important things in mind when choosing oil & gas insurance coverages for your operations.  Common Policy Solutions Every company has different insurance needs. That said, policies for oil and gas providers typically contain some essential components. As part of a specialized insurance package, each type of coverage handles specific claims: Commercial…

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3 Facts About Excess Insurance Coverage

3 Facts About Excess Insurance Coverage

If you have ever looked at an insurance policy and wondered what you would do if your possible damages exceeded the coverage, there is an easy answer. Excess insurance coverage is designed to supplement your regular insurance by essentially expanding its maximum payout in the event of a catastrophe that results in damages beyond the policy maximum. If you are thinking about buying a policy, there are a few facts to consider. 1. Excess Coverage Is Not Always Necessary If…

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The What and Why of Commercial Truck Liability Insurance

The What and Why of Commercial Truck Liability Insurance

As the owner of a trucking company, you may be overwhelmed by the many different approaches to insuring your fleet. One type of insurance you must consider is liability insurance.  What Is Liability Insurance? Commercial truck liability insurance covers the costs related to vehicles owned by your agency in a variety of cases, including: Uninsured/underinsured motorists coverage Medical payments Liability Comprehensive and collision insurance, and Property damage Like personal liability insurance, a commercial policy protects your business from financial liability…

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3 Types of Truck Insurance For Your Business

3 Types of Truck Insurance For Your Business

When it comes to your commercial trucking company, there are a few things you need in place to operate smoothly and legally. Insurance is one cost you should not overlook. Here are three of the most common types of insurance you should purchase. Commercial Auto Liability Liability insurance is legally required for commercial trucks, just like states require insurance for regular drivers. This type of coverage protects you and your drivers from claims from injured parties in the event of…

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Carrying Sufficient Insurance For Volunteer Work

Carrying Sufficient Insurance For Volunteer Work

As a nonprofit or similar organization, you are almost certainly familiar with the value of volunteers. Depending on the type of institution, volunteers may be called on to do all sorts of work, from data collecting, to transportation, to taking care of individuals, and more. Of course, it is important to remember that additional people working for the organization comes with additional liabilities. For this reason, it is essential to carry adequate insurance for volunteer work, to ensure that your…

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What Your Law Firm Can Do To Make It Through the Next Busy Season

What Your Law Firm Can Do To Make It Through the Next Busy Season

Is your firm gearing up for the next busy season and searching for strategies to help save the firm’s attorneys time and stress? Although getting through the busy season for law firms can be tough even for the largest firms, taking some preventative measures could help you make it through with minimal frustration and wasted time. Search for Busy Work and Redundant Tasks You Could Eliminate Some attorneys struggle during the busy season because they’re doing more work than they…

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Understanding the Need for Staffing General Liability Coverage

Understanding the Need for Staffing General Liability Coverage

In a staffing agency environment, there are numerous incidents that can prompt someone to bring a liability claim against the organization. As a result, agencies face the risk of claims for physical injury, property damages, and even advertising charges such as defamation. For this reason, having reputable staffing general liability coverage is one of the best ways to protect your agency and give yourself peace of mind.  Common General Liability Claims Although there are many possible situations that can occur,…

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What Volunteer-Based Businesses Should Know About Insurance

What Volunteer-Based Businesses Should Know About Insurance

There are plenty of reasons to consider establishing a business that relies predominantly on volunteers. Nonprofits, for example, are great examples of organizations that do good work for the world without paying people to get the tasks done. Naturally, there are certain setbacks that can come from this type of arrangement. No matter how charitable the act, your business still faces the same risks as any other company in the modern age. To stay safe, however, you need to think…

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How To Select Sensible Insurance for Medical Staffing Companies

How To Select Sensible Insurance for Medical Staffing Companies

In recent years, staffing businesses have become more and more prevalent. Since these organizations benefit both those looking for work as well as those in need of competent employees, it is easy to see why such agencies are growing in popularity. Naturally, the nature of this type of business can also leave organizations open to a plethora of potential legal problems. To ensure you avoid all the major pitfalls, review these tips. Covering Your Biggest Risks  When it comes to…

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How Can Employee Dishonesty Cost You Money?

How Can Employee Dishonesty Cost You Money?

Good help can be hard to find, and sometimes you find out when something bad has already happened. Employee dishonesty can cost your business and your customers dearly, and that’s why it’s important to have insurance to cover a variety of scenarios. Your policy will delineate what exactly is covered on the employee dishonesty coverage form. Funds Transfer Fraud Depending on the type of business you run, a dishonest employee may enact a transfer of funds from a customer’s account…

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