Finding the Right Transit Insurance for Your Company

If you ship goods, supplies, or equipment around the world, you know that there are a universe of potential pitfalls that can affect your company. That’s why it is important to have access to the transit insurance programs that will cover your liability in the event of damage to your cargo or your equipment. Only then can you be sure that your risk management strategies are comprehensive enough to cover you under every circumstance.

Reviewing Coverage Areas

Whether your business is shipping for other companies or you are managing your company’s own interior logistics, you need protection that covers your workers, your company equipment, and most importantly, the items you are carrying. You also need it to be comprehensive enough to provide protection from the time you pick up a shipment to the time it is delivered, even when it isn’t in motion. That means finding coverage that includes:

  • Project cargo coverage
  • Worldwide marine cargo coverage
  • Transport liability coverage
  • Worldwide stock throughput protection from catastrophic events

By bringing all those forms of insurance together, transit insurance providers are able to make sure your company has each and every contingency handled. That way, you can focus on doing the work that you are there to do instead of worrying about your risk management strategies.

Prevent the Problems Arising From Lack of Insurance

Business decision makers have a lot on their mind – from finding the right employees to making sure that products are ready for distribution, there is always something that needs to be done before a company is ready to open its doors for the first time. Did you know that having business insurance in Orange County is another requirement that has to be fulfilled before you can begin operation?

Safeguarding Your Present and Future

In virtually every location, the right insurance policies must be in place before a company can legally operate. Without the right coverage, a company risks many problems. These can include:

  • Lack of financial resources to address emergency situations
  • Fines and citations from governing bodies
  • No recourse should equipment break down
  • No safety net protecting stakeholders from personal loss

There are many important reasons to have business insurance in Orange Country. Not only will you be preventing potential problems from causing irreparable financial devastation to your organization, you will be protecting your company’s good name and professional reputation.

Speak With an Insurance Expert Before Buying

Before selecting a policy, consider speaking with an insurance agent that can explain the particulars of business insurance coverage programs. This will help you make certain that your company is fully protected in every circumstance.

When Is a Customs Import Bond Needed?

A customs import bond is legally required to import goods into the United States. It allows the government to get taxes and other fees due on goods coming into the country. In addition, it ensures that the government can monitor what is coming in. If you are importing goods, it is important that you understand when you will need this type of bond.

Value

A customs import bond is needed for goods that are worth $2,500 or more. The bond will pay the taxes and duties that are required for the goods.

Regulated Goods

You also must file a bond is you are importing goods that are regulated by federal agencies. These include things such as firearms, alcohol and food items.

Type of Bond

You should also consider the type of bond. You have two general options. You can get a single entry if you will not be importing on a regular basis. However, if you are going to be importing regularly, you would need a continuous bond.

Making sure you are keeping your business transaction legal is essential to avoiding serious issues. You should always know when you need a customs import bond and make sure to secure one before your goods are to be delivered if you want to keep things problem free.

3 Things Employers Should Know About Workers Compensation in Virginia

Workers compensation is a form of insurance designed to protect both employers and employees in case of on the job injuries. It protects employers from excessive healthcare costs and it protects employees by covering work injury-related health expenses. Worker’s compensation in Virginia is required by law, and there are three important details that employers need to know to ensure they are in compliance.

First, employers must know when worker’s compensation is necessary. Virginia employers are required to provide workers compensation when they have more than two employees, full-time or part-time. This includes the employees of any subcontractors even if the subcontractor already has workers compensation for them.

Employers also need to know what constitutes an employee. In Virginia, an employee is any individual who fits in the following categories:

  • Family members working for the business
  • Minors
  • Undocumented workers
  • LLC managers and corporate officers
  • Seasonal, part-time and temporary workers
  • Workers for non-profits, churches and charities

Additionally, employers must be aware of their responsibilities, such as carrying compensation as required by law, regularly reviewing coverage requirements, and promptly reporting any worker injuries to their insurance carrier. The professionals at Goodrich and Watson insurers will make certain that both your company and your employees are adequately protected with worker’s compensation in Virginia.

Why Small Businesses Need Liability Insurance

For small business owners, a lawsuit can bring business to a standstill. If you are in the market for business insurance in Henry County, you should consider adding liability coverage to your policy. Here are three reasons every small business needs liability insurance.

Coverage Is Broad

Regardless of your industry, there is a business liability policy that can protect your business assets. For lawyers, doctors, dentists, and other professionals, a good professional liability policy will cover any errors and omissions that occur during the professional service. Similarly, if your company makes things, you should consider buying protection for product liability.

Lawsuits Are Expensive

Regardless of whether they have merit, lawsuits are expensive to prepare for and defend against. If you are the target of a lawsuit, you can expect to spend a tremendous amount on legal fees. A liability insurance policy will insulate your assets from legal costs if one of your customers or clients sues you. The only way to protect your assets is to purchase that sort of coverage.

Peace of Mind is Valuable

If you are a small business owner, you should focus on your business. You shouldn’t worry about the constant legal threat of lawsuits and liability. With a policy, you can achieve the peace of mind you need to run your business.

When purchasing business insurance in Henry County, be sure to add liability coverage to your policy. For many reasons, every small business should have this protection.

Protect Your Furry Friend

Dogs are known to be loyal, playful and obedient. For many people, their furry friend is one of their best friends. But unfortunately, these creatures are still wild animals and can be unpredictable. All breeds of dogs have been found guilty of biting or attacking a person. You never think that your dog would do something like that, but you never know what kind of situation your dog might find itself in. Your dog could be provoked, startled or think it is protecting you. If your dog does cause bodily harm to someone, you need to make sure you are protected with insurance for dog bites.

Many times, dogs are excluded from homeowner’s insurance. This means that if your dog is involved in an incident, that you will have to pay all expenses out of pocket. Those bills can pile up quickly and cost you a small fortune that you probably have not saved for. If you have insurance for dog bites and other injuries though, those expenses can be covered.

Everyone loves their furry friend, but you need to make sure that you are both protected in case of an unfortunate incident. Canine liability insurance can be this solution. If for whatever reason your dog attacks another person, you can have peace of mind knowing you will not be paying outrageous amounts for their behavior.