Unique Risks of the Restaurant World

Restaurant insurance virginiaAnyone who owns a business knows the importance of protection. Though there are many different types of businesses, the importance of insurance extends to them all. In several cases, it is best if the insurance plan is specifically tailored to the kind of specialized business it is. Restaurants are exactly this kind of business. A basic policy isn’t going to cover all of the unique risks it faces. In the search for restaurant insurance in Virginia, this realization is the first important step.


You must protect your property and your business itself in case of a lawsuit. Your business is your livelihood, so you must look out for it. By bundling policies together, you can customize the perfect plan and save money as well. If your restaurant caters, coverage for portable equipment can be part of your plan. Many menus feature alcoholic beverages, so liquor liability coverage is often a good idea. Although it is something no one in the business wants to think about, you should also be covered in case of food contamination or food borne illness. The damages from such an incident can be too great to leave yourself unprotected, even if you think it could never happen.


Protect yourself and your business with an insurance plan carefully tailored to your unique needs. Restauranteurs face challenges that other businesses are unfamiliar with, and your provider of restaurant insurance in Virginia understands that. Ensure your continued success with this expertly planned bundle.

How does Florida’s pre-K program differ from Delaware’s?

The debate over whether programs such as Head Start are beneficial to young children has been going on for a long time. Some believe universal pre-K programs like Head Start give students an advantage over non pre-K educated children academically. Others maintain that either there is no benefit to universal pre-K, or any advantages gained will eventually be gone within a few short years.

CRI’s Jim Hosley wrote an article this week on this very issue. He changes the focus though from whether pre-K can help children and families (it does, at least to an extent), but on HOW those programs should be run and who should be in control. Delaware and Florida are two states with two different views on pre-K. Delaware has chosen to let the state DOE manage everything; the result has been that since 1994 when the new programs started, Delaware has actually gone backwards in enrolled children, because the state spent too much money improperly on the programs for minimal results, and then in recent years was forced to cut spending for pre-K as the economy worsened. Florida opted to turn over pre-K programs to the county level, and block granted spending to the counties to run a pre-K program based on what the county’s needs were. The results from a study of Florida’s pre-K program showed Florida was #1 nationally in pre-K enrollment, but was 35th in spending on pre-K, due to smarter spending decisions and more local control of programs.

Given Florida’s size, making decisions from Tallahassee would have been a burden to many counties hundreds of miles away. Delaware may be much smaller, but why not try this idea? Why not have New Castle County or the city of Wilmington manage their own pre-K program, and be responsible for it? At least it would be their program and parents and teachers could be more readily involved than with educrats in Dover.

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Different Types Of Transportation Insurance In New Jersey

Transportation Insurance In New JerseyThe transportation industry is a critical part of the country’s economy, helping to transfer people and cargo around from place to place. However, accidents can happen, and insurance is critical in helping to recover financial damages and keep operations running smoothly. There are many different types of transportation insurance in New Jersey.


Basic Insurance


First of all, general liability is important to have for a wide range of possible disasters. Coverage for physical damage to a vehicle is imperative in case of collisions or crashes, and cargo insurance should protect you if the freight you’re carrying is lost or ruined. If one of your employees is injured in an accident, you need to have workers compensation to help get them back on their feet and to protect your company from lawsuits.


Better Coverage


If the accident is the fault of your company or one of your drivers, primary auto liability will help to pay for the damage. Hired and non-owned auto insurance helps protect you if something goes wrong while using a vehicle that belongs to another vehicle or company.


Specialized Types


Garage insurance is another important component, since most collisions occur while vehicles are being parked or initially started. You can even get insurance for other, non-vehicular forms of transportation, such as inland marine shipping.


A good insurance program might cover multiple or even all of these types of insurance. Transportation insurance in New Jersey can protect your assets and keep your business running. 

The Role of Shareholder Derivative Suits

directors and officers insuranceShareholder derivative suits are one means of keeping corporations’ management teams accountable to their companies and their shareholders. While there is certainly an important place for this in the American legal system, these lawsuits are often complex, and can quickly become unwieldy and costly for both plaintiffs and defendants. This is why many companies use directors and officers insurance to help protect against the expenses of these suits.


What is a Shareholder Derivative Suit?


A shareholder derivative suit is a legal action initiated by a shareholder. It is called a derivative suit because it is brought on a corporation’s behalf, and the defendant is a third party. Often, the defendants are the company’s own chief executive officer or a board member. These legal gymnastics are required because traditional corporate law dictates that legal actions involving corporations should be the responsibility of its management team; since members of these teams are unlikely to bring suits against themselves, derivative suits are used to hold executives and directors accountable.


Types of Shareholder Claims


There are a number of reasons that shareholders may choose to bring a lawsuit. Legal actions that name directors as plaintiffs are often based on a breach of fiduciary duty, which involves three aspects:


  • Good faith
  • Loyalty
  • Due care


Shareholder lawsuits are often very expensive, and many businesses choose to have directors and officers insurance to ensure they will not have to endure too great of a loss from legal fees in the face such a legal claim.