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Three Basic Insurance Coverages For New Businesses

Are you looking for a business insurance company to help cover your new business venture? As you conduct your research, you’ll come across many coverage options that may or may not be necessary for your situation. Here are three fundamental coverage options that all new business owners should expect to include in their policy.

General Liability Insurance

General liability covers you in case a third party files a lawsuit claiming that they suffered property damage or bodily injury because of your business. For example, if a client sustains an injury in your office and files a lawsuit, your policy would cover your legal costs as well as any damages for which you’re found liable.

Professional Liability Insurance

Professional liability protects you against lawsuits from a client claiming that an error or omission led to them experiencing a loss. This can take the form of a client suing you because they felt that you did not live up to an agreed-upon contract. Just as with general liability, your policy would cover your costs associated with such a claim.

Property Insurance

Just as it sounds, property insurance coverage your business property against damage and loss. Such policies usually protect against events such as fires, storms, fires and vandalism. Your policy would cover the costs to repair or replace your covered items if you were to be impacted by such an event.

Byrnes Agency Insurance is a major benefactor for business insurance coverage. Their experts can help you navigate the insurance landscape and get you the coverage you need.

The FabriCare Advantage Takes the Guesswork out of Insurance

Every company needs insurance to protect against potential losses. People need a way to clean their clothes whether through self-service laundromats or a large, full-scale dry cleaner. Cleaning companies want to know what is FabriCare Advantage and how can it help them?

Coverage Details

As referenced on, FabriCare Advantage has coverage targeted for your laundromat, dry cleaner and restoration company. In addition to general liability, the combination policy includes Bailee, Equipment Breakdown, Pollution Liability, Business Interruption and Commercial Property. The advantages of a policy that covers the industry comprehensively cannot be understated.

Common Risks

Insurance is necessary to protect against a variety of risks unique to the industry. The company spends tens of thousands of dollars on equipment, but that equipment can break down whether through misuse or normal wear and tear. Replacing machines can be costly without insurance. With all the water and slippery detergent around, slips and falls are always a possibility of potentially causing injuries to staff or customers. Many laundromats have a serious risk of fire from all the dryer lint.

While there are steps the company can take to limit their liability, insurance helps cover those risks. So, what is FabriCare Advantage? It is your comprehensive laundromat, dry cleaner, restoration company insurance policy to protect your assets should something happen.

New Boaters Need Help With Coverage

Marine industry statistics show that recreational boating has been increasing in popularity in recent years. Not only are more people buying their own boats, but there are also more people participating in recreational activities like charters, rentals, and guided tours. Merrimac points out how this increase has also increased the population of customers for insurance that covers those activities. It’s important to remember that not all boats need the same coverage, though, and if you run a company that provides marine recreation to the public, you’ll need to make sure you’ve got the liability coverage you need to manage the risks inherent to the business.

Coverage To Match Your Needs

Even if you’re just insuring one boat, a freshwater speedboat or bass boat will have a lot of different risk profile than a yacht on the open sea, and there are a lot of spots on the spectrum besides those. When you work with people who make it their business to provide for the marine industry and people participating in recreational ownership, you gain the benefit of the insight that comes from researching the risks and needs of the industry. That leads to better connections to the companies that specialize in providing these policies. Just like your choice of broker can make or break a home policy purchase, the same is true for boat insurance, so you will want to work with people who make it their business.

Pinpointing the Risks Your Distribution Company Faces

When you act as a distributor, you play an integral part in the supply chain. Without your help, goods would not be able to get from one point to another. Of course, all businesses face risks. Understanding the more common risks in distribution business operations can help you minimize loss and keep your operations running.

Common Issues

One of the biggest problems you’re likely to run into is centered around electricity. A power failure, whether due to faulty wiring or a sudden storm, can be a serious issue for distributors. If you transport perishables like produce or dairy, then something as simple as a blown fuse can lead to a situation where thousands of dollars of merchandise have gone bad.

Areas of Loss

The research found on the Hilb Group website indicates there are additional areas to pay attention to when it comes to the risks in distribution business operations. Some of these troubles include:

Accidents experienced by distribution drivers on the road
Theft, both internal and external
Extreme weather patterns

Since you play a vital part in getting goods transported from a point of origin to a destination, you need to focus on how you can minimize loss. Understanding the problems facing your company can be a useful start, but you also need to take action and see success in your future.

Winterizing in the Summer

Summertime is drawing to a close, and even though there is still some good weather left to enjoy, it’s time to think about getting your boat ready for the winter. Start looking over your girl and seeing what you can do to prepare her before wintertime rolls in.

Update Your Insurance Policy

If you only use your boat for a few months out of the year, your watercraft liability can change. You want it to be protected from the elements and from other water vessels, but the plans can vary if there are no people on board. According to Arroyo Insurance Services at
ility/, your boat might even qualify for Marine Liability insurance. Contact your insurance agency and discuss options.

Fluids and Oils

You change the oil on your car on a regular schedule, you need to be sure that you do the same in your boat. She’s a much larger engine, but the principles are similar. If you don’t feel comfortable doing this yourself, you can hire a boat repair specialist to take a look for you.

Sparkling Clean

Your vessel has collected a lot of buildup during her time in the water. Give her a good pressure washing and get rid of any barnacles, seaweed or any other nastiness. Make her shine by giving her a waxing.
You can enjoy your boat for a few more weeks, but summertime comes and goes quickly. Prepare your boat for winter while the sun is still in the sky and the weather cooperates!

3 Reasons to Hire a Professional to Create Your SEO-Optimized Website

How well is your insurance company’s website performing? Chances are you’ve heard of the need for SEO optimized websites for insurance companies, but do you know if yours has what it takes? If you haven’t already, consider hiring a professional to help you create a better website for your insurance business. There are several benefits to doing so.

You’ll Save Time

If you’re already busy building a strong team of insurance providers or interacting with your clients, you may not have a lot of time to put toward building an SEO-optimized website. Hiring a professional to do it for you saves you plenty of time and probably even some stress. Even if you were to use a website builder and templates to create the site on your own, chances are you’d find some frustrating snags. Hiring a professional ensures you have time to put elsewhere in your business.

They Have the Knowledge

Even if you know the basics of search engine optimization now, they could be different a month from now. SEO best practices change often, but a professional is equipped to keep up with those changes and implement them into your website. Unless you have hours to spend researching SEO trends, you may not be able to keep up with the required changes on your own.

You’ll See Results

Hiring someone to create SEO optimized websites for insurance makes it more likely that you’ll see results. Professionals know how to optimize everything from your domain name and title to your blog’s titles, image metadata, meta descriptions, and much more. A keyword-rich website is much more likely to perform well over something that just has a few basic words tossed into its content. Just remember to hire someone who’s experienced in working on insurance websites if you want the best results.

Transportation Industry Delivery Challenges

The long-haul truckers are the unsung heroes of the American economy. Without their persistence, caution, and efficiency, many stores would be unable to meet the public’s demands for goods and services. Getting a load from Point A to Point B carries inherent risks, and as a contracted or for-hire driver, motor truck cargo insurance is a necessity to ensure your services aren’t rendered useless by a damaged load.

Cargo Liability Problems

Signing a contract for delivery an item places the liability for any damage or destruction to the cargo squarely in your lap.

While you may carry a general liability policy for your operations, these only cover things like the following:

A customer slipping or falling at your location
Errors in delivery, which result in damage
Actions of the driver while loading, unloading, or at truck stops
Slander or libel
Fire on the account of insured’s error

To cover the physical material of your transport is the job of a motor truck cargo insurance policy. This coverage is designed to address the risks of specific loads, in relation to weight, type of material, and even the distance carried.
Dealing with an insurance broker who has significant experience with trucking insurance will be the best way to ensure you have enough coverage for your operations. Failing to identify the exclusions and inclusions of a cargo policy can leave you stranded in the event of the damaged load.

Protecting Skilled Laborers

Skilled laborers are essential contributors to society and often perform duties that most would consider brave. These individuals are at constant risk of injury, but they do not complain and complete the work that needs to be done. Injuries can occur in any industry, but they are especially prevalent in this sector of the economy. Employers of skilled laborers often stress the importance of ppe to workers to ensure they remain safe while working on projects. Personal Protective Equipment involves numerous items that laborers should have on at all times.

Protecting Hands and Skin

Almost every construction job involves the use of hands, and skin is generally exposed when working in the heat. Workers should wear gloves at all times to secure hands from any potential injury while working on a project. Since hands are an integral part of construction projects, numerous hand injuries occur every year. As long as the employer remains diligent about the importance of ppe, laborers should have little issues in this area.

Protecting Eyes and Head

Dust particles and other toxins can enter the eyes while working on construction projects. If you are a construction worker, make sure to wear protective eyewear when it is required. Even if this causes discomfort, it is much more preferable than suffering an injury to your eye. Also, protective headgear should be worn at all times while working on projects. A significant blow to the head could derail your career and potentially alter your life.

Construction Protection Options for Property Owners

If you are a property owner with plans for building or renovation, an owner-controlled insurance program or OCIP may benefit you. When hiring a general contractor or subcontractor, a property owner pays not only for the construction, supplies, and labor, but they are also paying for the multiple insurance companies that provide the contractor their services. OCIP allows a property owner to take charge of the insurance process before hiring a contractor.

What can be Included in an OCIP?

An OCIP, also known as wrap-up insurance or wrap insurance, is meant to provide a property owner with coverage that is designed to protect against the liability or loss of a construction or renovation project.

While policies vary based on the needs of the owner and the insurance company, an OCIP policy package can include:

Workers compensation
General liability
Excess liability
Employers’ liability
Terrorism insurance
Contractors pollution liability
Builders risk
Umbrella insurance

What are the Advantages to the Property Owner?

The main advantages to property owners by securing their own OCIP is that they can save money and they have more control over the conditions within the policy.

Other benefits include:

Improved efficiency when obtaining insurance
Improved handling of claims
Improved enforcement of safety procedures

By taking control of the insurance process necessary for construction projects, a property owner can save both time and money.

Caitlin Morgan: Three Key Liability Insurance Coverages For Manufacturers

Owning a manufacturing company comes with a variety of risks. To protect yourself against these risks, it’s important that you carry the appropriate amount of insurance. From general liability to pollution liability insurance, here are three key liability coverages that you should carry as a new business owner.

General Liability

As the name implies, general liability insurance is broad insurance protection for your day-to-day business activities. If a third party were to sustain an injury or property damage because of your business, your policy would be there to protect you in case of any lawsuits.

Professional Liability

Professional liability insurance is there to protect you in situations where a third party claims that an error or omission on your part led to them experiencing a loss. This is a risk you face whether you manufacture products for end-users or suppliers. Whether the claim is real or not, defending yourself can be costly and your policy will be there to cover your related expenses.

Pollution Liability

Pollution liability insurance protects you against claims from third parties claiming that they sustained an injury or property damage because of pollution from your business. Funds from your policy can also be used to make purchases that help limit pollution.

Signing up for insurance can get overwhelming for new business owners. Work with an experienced agent to ensure that you get the right coverage for you