Finding wind insurance in Florida has become more challenging because of the burden of storm-related losses to insurers. In the first half of 2016 alone, catastrophes striking the United States caused $13.5 billion in insured property losses, the Insurance Services Office reported in October. Because of the threat of hurricanes, only about 40 Florida home insurance companies still write new policies in Florida, and that number is even smaller near the coast.
Since most lenders require a homeowner’s policy that includes coverage for wind before they will approve a home loan, new residents seeking wind insurance in Florida should first become familiar with the “Wind Pool,” the coastal area with enhanced weather risk. A new resident can check online if a potential home is in this area.
Not all insurers provide wind insurance coverage for homes in the Wind Pool area, so a separate policy from a private insurer may be needed. Another option (although one with assessment fees and higher deductibles) is Citizens Property Insurance Corporation, the state-run insurance safety net for wind-insurance policies.
New residents should not only compare quotes from insurers, but also evaluate their experience. Insurers who have already insured clients in major hurricanes can be reassuring to work with in case the worst does happen.
Understanding their options for wind insurance will help new Florida residents have a smooth home-buying process—the first step in a happy transition to a new home!
Driving can be extremely unpredictable. Weather conditions, wild animals and other drivers are all factors that you have no control over while on the road. In the event that one of these factors results in you being in an accident, you could be facing thousands of dollars in damages and injuries if you do not have the proper CT car insurance.
Car insurance can be tailored to your specific needs and budget. Most policies will include coverage for damages that you are liable for, injuries caused by an uninsured driver, medical expenses, damages caused by another driver or other events, such as theft, and additional services, such as glass protection and towing.
You can do your best to be an undistracted driver with awareness to your surroundings. But even when you choose to not drive while texting, have the volume on the radio turned low and have taken multiple driving courses, there are still accidents that could happen beyond your control. The best thing you can do to prepare for the unexpected is to have CT car insurance and to only drive when you are protected by this coverage. The expenses incurred by a car accident can be significant. The only way to financially prepare for this type of expense is to drive with the protection of auto insurance.
As the owner of a used car lot, you carry a wide variety of risks. Not only do you hold responsibility for your inventory, which is the vehicles, but you also have responsibility for your employees and the property. When seeking out insurance coverage, you need a policy that will cover these potential risks. Used car dealer insurance can bundle all the coverage you need into one convenient policy.
Any business needs general liability coverage. This protects your business against accidents that occur on your property such as a slip and fall. It can also provide protection against claims of libel, slander and copyright infringements.
Since your business deals with vehicles, you will need coverage on those automobiles while they are in your possession. Potential buyers will want to take the car out for a test drive and if anything happens while on that drive, you need your merchandise to be protected from damages.
Used car dealer insurance can also include worker’s compensation and employment practices liability. As a business owner, it is necessary to have these coverages to protect the rights of both yourself as the employer and your employees.
When you purchase a policy for your used car dealership, you are investing in the future of your business. Insurance can protect your business from financial destruction in the event of unforeseen accidents.
The oil and gas industry has been a significant source of revenue in New Mexico for many years, and the state stands out as one of the leading producers of crude oil and natural gas in the United States. The growth of this industry, however, comes with risks that make NM oil and gas insurance a necessity not only for roustabouts on the oilfields but also for downstream handlers, including truckers, distributors and retailers.
The industry surrounding petroleum and natural gas is fraught with risks from initial extraction to final distribution to customers. This is particularly true given the instability of economic factors and the continuous evolution of extraction technology to meet demands for more efficient, higher-volume production not only in established oilfields but also in increasingly extreme environments. Equipment failures, property damage from weather or other environmental factors, interruptions in business and third-party claims can become extremely costly for petroleum and gas companies that have no buffer.
A sound NM oil and gas insurance package is the best defense against the volatility of the oil and gas markets and serves as a safety net for workers and equipment alike. This policy can help to protect stakeholders in all aspects of the petroleum and gas sectors from the risks of an ever-changing industry.
The safety of your commercial property is obviously important, and you likely do everything within your power to ensure that and risks or liabilities are minimized. Even the most careful property manager can overlook simple precautions, though, and this can significantly affect your commercial property insurance coverage in Orlando. Read on to see how safety affects your insurance rates.
The Safer You Are, the Lower Your Rates
Rates for commercial property insurance coverage in Orlando vary and are determined by a range of different factors. It is true, however, that safety may lead to lower rates. There are many ways to improve safety and the insurance rates you encounter. The following safety issues are good examples of factors that may be considered:
- Crime rate in the area
- Presence of toxic materials
- General hazard level
- Stringency of security measures
- Likelihood of inclement weather or flooding
Be Safe and Get Insured
Investing in commercial property insurance coverage in Orlando is one of the best ways to invest in the safety of your property and protect yourself from the cost of damages that may occur. You should take strides to improve its overall safety in other ways, too, such as improving security or eliminating unnecessary hazards. These steps can greatly improve your peace of mind and make your commercial property much safer.
There’s little debate about the fact that Newport Beach loves its boats. However, anyone who’s been out on the water when the weather starts getting rough knows that boating isn’t all fun and games. In fact, there are always risks present, regardless of the weather. You need the peace of mind that comes with excellent coverage in order to enjoy your leisure time, so make sure you have every eventuality in mind when you’re looking for yacht Insurance in Newport Beach.
The first thing you should probably think about is where you’re going. For voyages to Mexico, you need a special type of liability insurance. This is known as Mexican watercraft liability coverage, and it’s needed to properly protect yourself and your property when you’re heading down south. You also might want to take into account whether or not you’re entering international waters.
Apart from the specialized policies, almost every type of yacht insurance in Newport Beach covers certain risks that are common to the waters around the area as well as the general practice of yachting. Look for uninsured boater coverage and hull protection as a starting point. It’s also important to have protection from injuries or damage you might be responsible for in the case of an accident.
There are several reputable insurers in Orange County offering yacht coverage. Approaching them with a solid plan is the best way to get an idea of which protections you need.
Liability in accounting takes many forms. A competitive industry like accounting generates an atmosphere where full-time positions might be filled without proper vetting of a candidate, leading to loss. There are also independence liabilities that occur when firms have close relationships with clients. Despite all of this, potential damage caused by errors and omissions remains the most common type of risk associated with accounting.
This type of liability in accounting is also common in professions such as real estate and law, and even in insurance itself. It has to do with mistakes such as typos or bookkeeping errors, or the omission of data due to either oversight or the poor organization of documents.
How do you know if your organization needs this type of coverage? The short answer is that you almost certainly need it. If you deal with important client information in any way, such as financial documents, covering potential damage caused by mishandling should be a high priority. Errors and omissions risk mitigations are usually the primary features in an accounting business policy. This is because they provide a venue other than the law in which to recoup a major operational loss and mediate disagreements.
Protecting against one of the major risks in the accounting business is not as simple as you might think. Fortunately, there are skilled agents who can help you out through a thorough analysis of your business and its needs.
Liability insurance in Florida covers accidents which you may be liable for. This means that you can get back to work faster after an accident which results in bodily injury, destruction of property or more. This can help you get back to work sooner after an accident and may even save you from bankruptcy. It is a good idea to get your business insurance from companies with experience in your industry so that you can get better coverage and more informed help.
When your insurance company and agent know about the usual risks involved in your industry, they can help you find a better coverage option. For instance, if you are in retail, then your agent will know that your liability insurance will probably need to cover slips and falls by customers on your property. Your agent can also help you with risk management and other services.
Liability insurance in Florida should be able to help you cover any general or industry specific accidents so that you can get back to work faster. When you work with an agent and insurance company with experience insuring your industry, you can get the best coverage for less. You can work with your agent to conduct risk management on your company and determine the areas where you need coverage.
Employment practices liability insurance protects staffing firms from employee claims of discrimination, which can range from gender or race discrimination to harassment, wrongful termination and more. If you have a small company or have just started out, you may not be aware of the many areas in which you are exposed to work claims.
Reducing Your Risk
Here are some steps you can take to decrease your risk:
- Create an employee handbook outlining company policies and how you will deal with issues such as attendance or poor work.
- Develop job descriptions that include skills needed and performance level expected.
- Initiate annual performance reviews.
- Conduct a background check on each candidate.
- Make sure there is no language in your job application regarding age, sex or race. Include statements that anyone hired will be “at-will” and they can be terminated for any reason or none at all.
- Adopt a policy against discrimination, substance abuse and harassment. Define how to report such instances.
- Keep records of employee issues as they arise, and include actions taken to resolve them.
Review Your Insurance
Your staffing firm is at risk from the time you first interview someone. If you don’t hire the applicant, he or she may claim it was due to some type of discrimination. The best way to make sure you have adequate employment practices liability insurance is to review your exposure with your insurance agent.
Many medical professionals are concerned about nursing home insurance costs. Although many facilities are shouldering rising premiums, there are ways to keep your costs low. Follow these three tips when it’s time to renew your policy and you just might find yourself with a policy that is both affordable and comprehensive.
Too many people don’t realize their premiums aren’t set in stone. Rather than waiting for a renewal notice, call your insurance representative and discuss how your business has changed to possibly negotiate your rate. Leverage points include improved health for your clients or having claimants that left your company.
2. Implement Risk Management
Your nursing home insurance costs can be significantly lowered if you take steps to safeguard your facility from risks. Your insurance company can assist in implementing policies and procedures to ensure a safer residence.
3. Remove Unnecessary Coverage
You might be paying for coverage you don’t need. Customizing your policy so it’s more suited for your facility can put some funds back into your account. A unique plan can be created for any type of insurance, including:
- General liability
- Workers compensation
- Property coverage
Keep Your Profits Strong
It is always unfortunate to see medical facilities lowering the quality of their service because of rising nursing home insurance costs. With determination and good sale tactics, you can get a premium that will keep your business thriving.