Components of Virginia Car Insurance

Virginia car insurance protects drivers in the occurrence of bodily harm or damage to property. When looking for car insurance, standard policies generally include variations of collision, personal injury, liability and uninsured motorist components. Some companies offer reimbursement for rental cars should your car need repair or gets stolen. Though this is a common feature, it is more often an add-on to the policy.

The collision aspect pays for vehicle repair or replacement following an accident. If you opt for comprehensive collision coverage, your automobile will be insured in the event of any type of incident. For example, if damage occurs as a result of vandalism, weather or fire, comprehensive policies pay to fix your car. If you’re involved in an accident, liability policy components take care of medical expenses or settlements should other people be injured in the incident.

Conversely, personal injury coverage protects you and your passengers if you’re involved in a collision. This aspect of your policy will cover medical expenses and funerals. Additionally, it will cover you if you are driving someone else’s car. The last component of Virginia car insurance provides for being injured by an uninsured or underinsured motorist. This is one of the most important facets of automotive policies because it covers your medical expenses should the other driver lack liability coverage. Having all these components in your car insurance policy provides complete and through coverage.



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Finding an Errors and Omissions Insurance Broker

Errors and omissions insurance helps protect companies against professional mistakes, and it’s an integral part of just about any insurance plan. If you’re seeking an errors and omissions insurance quote, then there are some things that you should be looking for in a potential broker.

Custom Coverage

A good professional liability coverage plan should be specifically tailored to you and your business. Industries as diverse as real estate, law, medicine, and shipping need to be covered with errors and omission insurance, and buying a generic plan will often not help to protect you when the problem is specific to your company, a good insurance broker will help you find a provider and plan especially for you.

Extensive Experience

It’s also important to work with insurance professionals who have experience. Brokers should be knowledgeable about their work, as well as the industry that you represent. Make sure that your broker has connections with others in the insurance world and can help you find the best provider possible.


Finally, a good insurance plan should help protect your bottom line. High premiums can be difficult to afford, and a good plan should help provide the coverage you need without breaking the bank. Make sure that your broker can help you advance your goals while saving money. When you’re looking for an errors and omissions insurance quote, pick a professional who can help you get the best deal possible.



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How Does Antique Car Insurance Differ From Typical Coverage?

Insurance is meant to serve as a buffer to protect your best interests in the event of an unforeseen accident or problem. Automotive insurance can be a real lifesaver in situations when your vehicle becomes damaged and needs to be repaired in the immediate future, just as life insurance can help you get back on your feet after an injury. There’s another type of insurance that has a very specific target audience. Owners of vehicles that line the streets in classic car shows should seriously consider investing in quality antique car insurance in order to keep their valuable investment protected.

Having car insurance that is designed specifically with antique cars in mind can offer coverage that extends beyond the reach of typical car insurance. For example, it can alleviate fears of potential damage that may occur while traveling to or from an annual car show, may reward vehicles preserved over two decades, and may restrict eligibility to those cars that have maintained their original components.

Antique cars offer a unique type of beauty that reflects the individual styles and tastes of each owner. Owning this type of vehicle can set a high bar of expectations including unique needs and expectations that antique car insurance alone may be capable of meeting. In order to get the most effective coverage on your antique vehicle, consider the options offered by insurance providers that have made an effort to understand and address the needs associated with owning and maintaining amazing and historical automobiles.



photo credit: Beautiful Car (license)

Protect Your Investment With Collector Car Insurance

Unlike regular automobiles, collector, classic, and antique cars usually appreciate in value over time. That is why its important to get Hartford, CT insurance to protect your investment. Collector cars need a unique insurance plan, which is why you should find an insurance agency that is knowledgeable about specific requirements.

Agreed Value

Because many of the antique vehicles increase in value, it is important that you receive the full value of the car in the case of a loss. With agreed value coverage, you will be reimbursed for the full insured value of your car. While this doesnt completely make up for the fact that you lost your prized vehicle, it does allow you to purchase another one of similar value that you can enjoy.

Vehicle Restoration Coverage

One common occurrence with owning a collector car is that there are often multiple restorations. Whether it is restoring the inside and getting new leather to cover the seats, or revamping the outside of the vehicle, the car may be out of commission and in someone elses hands for a good period of time. Restoration coverage can help in the event that damage occurs while it is being worked on.

Owning an antique or collector car can be fun, and it presents a sort of pride among owners. Hartford, CT insurance companies recognize the special requirements necessary for insuring these types of vehicles.


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Tips for Preventing Injuries at Your Auto Body Shop

An auto body shop is an inherently dangerous place, and recent studies indicate that automotive industry workers’ compensation claims are increasing far more rapidly than in other industries. From minor accidents like finger cuts to major ones that lead to chronic back injuries, any number of issues can arise when you’re in the business of fixing cars. The good news is that almost all of these injuries are largely preventable. Utilize these tips to help keep your employees safe and your auto body workers compensation costs low.

Eye Injuries

Eye injuries are among the most commonly reported injuries at most auto repair shops. Help prevent them from occurring by:

  • Developing eye protection policies, such as wearing goggles with both top and side protection
  • Enforcing those policies at all times

General Cuts and Lacerations

Reduce the likelihood of your employees getting cut on the job by:

  • Providing and enforcing the use of protective gloves
  • Teaching employees to always cut away from their own bodies
  • Properly disposing of any discarded or used blades

Major Back Injuries

Many back and related musculoskeletal injuries can be prevented by:

  • Using lifting aids like jacks rather than employee strength by itself
  • Storing heavy parts where they are easily accessible, such as at shoulder or knee level
  • Teaching your employees to ask for assistance when moving heavy parts and machinery

While not all body shop injuries and accidents are entirely preventable, utilizing the above tips will not only reduce your auto body workers compensation expenditures, but also substantially lessen the likelihood of a major accident occurring at your place of business.


photo credit: mechanic shop and sidewalk (license)

Factors to Consider When Choosing D&O Coverage Limits

Choosing an adequate coverage limit for directors and officers insurance is essential, given the steep expenses that claims against directors and officers can generate. Still, considering the many other areas of risk that companies must address through insurance, overspending on unnecessary coverage is usually not an option. When evaluating coverage limits, decision-makers should consider the following two variables, which often contribute to higher defense and damage costs.

Regulatory Oversight

Mounting a defense against claims involving regulatory breaches can be a significant expense. If a company or its directors are found liable, the resulting damages may also be sizable. Companies that work in heavily regulated industries can often benefit from a strong directors and officers insurance policy, as can companies in industries that impose severe financial sanctions for regulatory violations.

Duties to Shareholders

Shareholder lawsuits, such as securities class action suits and derivative shareholder action suits, can also lead to sizable defense expenses or damages, especially if the claims allege serious misconduct, such as breach of fiduciary duty. Companies that are based in more volatile industries, in which decisions must be made rapidly and the financial standing of the company may change quickly, may especially be at risk for costly claims.

Quantifying the Risk

Companies that face heavy regulations or responsibility to shareholders should weigh these factors when choosing directors and officers insurance; however, this does not mean that other companies can safely choose low coverage limits for this insurance. For most companies, working with an insurance industry professional and evaluating the unique risks that the company faces before deciding on coverage limits is essential.


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Insurance Coverage for Your Racehorse

If you own a racehorse, you know that there are plenty of expenses involved. You’ll have vet fees to pay; the cost of shoes, feed, and stabling; and money for training, transportation, and event fees. All of this adds up quickly. None of this will matter, however, if you don’t factor in the costs — and benefits — of racehorse insurance Tennessee policies.

What happens if your horse is injured during the very first race or even before you make it to the track? All of your investments will have been in vain. In addition to protecting your horse and your investment in racing, you may be exposed to risks on the farm or ranch. Even the stables could be an area of risk.

There are a few different options available to you. An equine mortality element covers the medical and surgical costs that result from accidents, illness, and diseases. This element of coverage is appropriate for horses that participate in a number of activities. Another policy is the farm and ranch product. This part of coverage is designed for those who have paid for their own property — whether a large operation or a smaller pleasure farm. Farm General and Personal Liability is coverage that is appropriate for newly purchased or leased properties among others.

There may be other coverages available to you through a racehorse insurance Tennessee provider. Check with them for full information.

Protect Your Business With Professional Liability Insurance

Providing a service to the public opens you up to professional liability. If you face a lawsuit from a disgruntled client for a mistake or negligence, your business could be crippled from the costs of the defense and any damages that are awarded. When you consider the time it takes away from your business and the loss of reputation in your community, why would anyone take the risk of not having insurance?


In today’s litigious society, you can’t take a chance with your business. No matter what field you are in, if you provide a service or advice to people, you have to assume that you could be sued.  Liability insurance for your profession is your protection against potential damages.


Your insurance company has resources that you can use to implement best practices into your risk management plan. Use their cutting edge solutions to minimize your exposure to damages and claims. Make sure you tell your insurance agent everything about your business, so that they can identify your insurance needs. It is important to be honest with your insurance to get the right coverage.


Find an insurance company that specializes in professional liability insurance. Put together a portfolio of protection for your unique business and the risks you face. Your clients appreciate your services, but you cannot rely on their good will if a mistake is made that costs them money or causes them distress.

Three Industries That Need Errors and Omissions Insurance

Errors and omission insurance is a great option for individuals and businesses that need coverage in the event a client may sue for service that was provided, or failed to be provided. Most errors and omission plans cover judgments, defense costs and even settlement costs, saving the individual or business from potential financial collapse. While this type of insurance is definitely beneficial to many professionals in various industries, there are several fields of work, such as errors and omissions for lawyers that should absolutely consider it.


Lawyers are repeatedly being sued by disgruntled clients or others who feel service was not adequately provided. Its the name of the game in this industry, but lawyers need to protect themselves and their business by investing in a secure errors and omissions policy.


Doctors are at a high-risk for being sued for services provided, especially from patients who didnt see the results they hoped for. People involved in the medical field, almost more so than any other industry, need to seek out a solid errors and omissions policy to remain financially secure and continue practicing medicine.


No matter how meticulous accountants are, sometimes things just fall through the cracks. This can lead to financial devastation for businesses and corporations, which is why it is so imperative for accountants to have errors and omissions insurance.

All human beings make mistakes, and that is the primary reason to invest in a valuable errors and omissions for lawyers, doctors and accountants policy. Speak with a licensed insurance agent today to determine the best options for your industry.


Doctor and patient in City Hospital Tuberculosis Division, 1927 (license)

Guard Against Lawsuits With Real Estate Liability Insurance

Mistakes happen every day. Sometimes they are harmless, but other times they give rise to a mess of consequences. This is why it is so important for realtors to have real estate liability insurance. Such a program protects them in the event they are sued for errors they made on the job.

Why Do People File Claims Against Real Estate Agents?

Claims are brought against real estate agents for a number of reasons:

  • Failure to provide documentation
  • Failure to inspect a property
  • Discrimination
  • Failure to disclose pertinent information
  • Libel or slander

Though many claims are proven to be unfounded, it is still a good idea to secure some level of real estate liability insurance. Legal and settlement costs are often immense, and agents could be financially ruined if they do not have insurance.

Reasons to Secure Liability Insurance

There are several other reasons why agents need liability insurance. First, more clients are requiring agents to secure coverage. Not having insurance risks the loss of professional opportunities. Second, an agent’s contract can offer only limited protection when it comes to lawsuits. Finally, an insurance program is cost-effective and capable of offering financial security to a real estate company. Real estates agents should not disregard the benefits of having liability insurance. Claims can arise at any time, and being unprepared could easily lead to financial and professional ruin.


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