A Short Guide To Delivery Business Insurance

Running a delivery business may seem like a relatively risk-free endeavor. After all, what could possibly go wrong when delivering goods to various homes.

Unfortunately, as with most businesses, delivery businesses do face a certain amount of financial risk. If you get sued by an unhappy customer or damage someone’s property, you could end up being out of a lot of money. Luckily, delivery business insurance can help.

What Is Delivery Business Insurance?

Delivery business insurance is a specialized type of insurance that is designed to protect delivery business owners from the financial consequences of a variety of common business risks. It can cover things like repair or replacement fees for damaged property as well as pay for medical bills in the off chance you accidentally hurt someone while working.

What Risks Are Covered By Delivery Business Insurance?

There are a few types of coverage that can fall under the category of delivery business insurance and these coverage types cover different risks. The most important of these coverage types is general liability insurance which covers costs associated with bodily injury, property damage, medical bills, and legal fees. Some of the other coverage types you can obtain with delivery business insurance are:

  • Workers’ compensation insurance
  • Commercial auto insurance
  • Data breach insurance

Running a delivery business is not always easy. Delivery business insurance can help ensure everything runs smoothly.

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Which Workers Have Benefits Under Maritime Workers’ Comp?

Many nautical jobs are high-risk and involve dangerous equipment and potentially hazardous conditions. Maritime workers compensation insurance helps pay expenses when employees sustain injuries while performing work tasks.

Who Does Maritime Workers’ Comp Cover?

Workers’ compensation policies for those who work on or near the water are different from other workers’ comp plans. With this specific type of coverage, employees have unique benefits depending on the nature of their jobs.

Seamen

A seaman refers to anyone who works on a boat or ship that is in navigation. This category includes any captains and crew members aboard the vessel. Seamen who sustain injuries have the following entitlements:

  • Claims against the owner of the vessel
  • Lawsuits against their employer
  • Maintenance and cure no matter who is at fault

Maintenance is a payment amount to cover the daily living expenses of injured workers. Cure refers to the associated medical costs.

Other Workers

Employees who work near or on the water but do not qualify as seamen have different compensation rights under a maritime workers compensation insurance plan. Workers who build boats, load and unload ships or make repairs typically qualify for workers’ comp protections. Employees who perform clerical work or other tasks that do not directly relate to the water do not receive benefits.

Maritime workers can incur severe injuries. Workers’ compensation coverage protects employees by covering medical treatment and other damages.

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A Short Guide To Exterminator Insurance

Exterminators play a very important role in helping people’s homes stay free of unhealthy little critters. They handle all kinds of pests that range from termites to wasps. However, in addition to this task, exterminators need to ensure that they keep their business healthy.  With the wide variety of different situations that exterminators are exposed to, their work also comes with a certain amount of risk.  This is where pest control insurance comes in.

Why Do You Need Insurance For Your Pest Control Business?

As a pest control operator, you face a variety of situations that could lead to a lawsuit. Something as simple as overlooking termite damage or incorrectly applying chemicals could lead to a long and expensive legal battle. Pest control insurance can help pick up these costs and ensure that your business can keep on running smoothly.

What Types Of Coverage Do You Need For Your Pest Control Business?

There are a few types of insurance coverage that every exterminator should have. The first vital type of insurance is general liability insurance. This insurance applies to situations where you make an error that leads to someone getting injured or damaged property. If you have employees you will also want workers’ compensation insurance to cover costs associated with one of your employees getting injured. If your business uses vehicles, you will also want to have a commercial vehicle policy to cover any potential accidents.

Running an exterminating business can be difficult. Having good insurance can make a huge difference.

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A Short Guide To Valet Insurance

As parking spaces become more scarce and more expensive, valet parking is becoming more and more popular. Why should a customer spend half their night searching for a safe and secure parking spot only to pay ridiculously high prices. In comparison, valet parking is immensely convenient; customers simply pull up to the front of the establishment, hand their car over to the valet, and go about their night. However, providing valet parking does come with a certain amount of risk.

What Are The Risks of Valet Parking?

When you provide a valet service, there is always the chance that something could go wrong.  While you may train your drivers to the best of your ability, accidents do happen. Cars are easily dinged or scratched, especially in small parking spots or tight lots. Additionally, other drivers can make mistakes and cause an accident or collision while the valet is driving. While rare, the worst scenario that could occur is that a valet causes bodily harm to a pedestrian. All of these risks make valet insurance extremely necessary.

What Types of Coverage Do Valets Need?

If you want to protect your business, it is vital that you have the proper coverage. For a valet to be completely protected, they need two types of valet liability insurance. These are general liability insurance and garage keeper’s liability insurance.

Providing valet service can be a game-changer. However, things do happen and it is important that you have adequate insurance coverage.

 

 

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Why You Should Consider Purchasing Watercraft Liability Insurance

When planning a day out on the water with your boat, the last thing you expect is an accident.  Unfortunately, things do happen and accidents can lead to extensive damage to someone else’s property that you will have to pay for out of pocket.  Worse, you could hurt someone and have to cover their medical bills.  Luckily, watercraft liability insurance can pick up the costs for you.

What is Covered by Watercraft Liability Insurance?

Watercraft liability insurance can provide a wide net of coverage that protects you from a variety of things.  It can be broken down into two types of coverage.

Watercraft Bodily Injury Liability Coverage

This type of liability insurance applies in situations where you injure someone else with your watercraft.  If you get in an accident and severely injure someone else, you are responsible for their medical bills and they can be extremely costly.

Watercraft Property Damage Liability Coverage

Property damage liability coverage can pick up the costs in situations where you cause damage to someone else’s property.  It applies to damage caused by collisions/accidents and also to cleanup costs if you leave wreckage or spilled fuel.

Taking a boat out on the water can be a blast but it is not a risk-free activity.  Having the right liability coverage can save you a lot of trouble!

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3 Staffing Concerns for Many Companies

staffing-concerns

Within the United States, unemployment is the lowest it has been in the last two decades. This has led to increased confidence in job seekers to be more particular about where they want to work.  Because of this liberty, companies struggle with staffing issues in the workplace that range from employee retention to hiring new personnel. Fixing these staffing problems is more probable when you know about them. According to wwspi.com, here are the common staffing problems companies find themselves dealing with.

An Uneven Hiring Structure

Either working with just temporary workers or full-time workers can tip the balance in complicated ways. Full-time workers are more costly investments, but they provide more stability to a company.

An Imbalance in Staffing Levels

For many companies, it can be a struggle to maintain the right level of staffing. Being understaffed affects production and morale, but being overstaffed can lead to layoffs (a move which also negatively impacts morale).

Poor Screening Processes

Finding qualified employees is becoming more difficult, and trying to fill labor needs quickly can be a headache. Making a move to fill roles in a hurry can lead to mistakes with judging or vetting potential employees.

Knowing about these problems in advance can help companies put strategies in place to see them through these staffing issues. Most often, short-term staffing agencies are a go-to for solving labor needs.

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Often Overlooked Perils Affecting Business Property

Business property

Businesses regularly assume damage can happen from a fire, flood or vandals. However, there are many perils that are overlooked when considering insurance or risk management. Here are some perils that can cause significant damage to businesses.

Sinkholes

As seen on iSure, commercial property coverage can step in when a sinkhole collapses causing damage to the company’s property. Sinkholes appear out of nowhere instantly causing problems in the immediate vicinity and to those buildings near the outskirts of the hole.

Riots

Large crowds can result in riots quickly often resulting in breaking and entering, looting and vandalism. Unwary business owners can be left paying for all that damage without the right insurance policy.

Volcanoes

Volcanic activity doesn’t just cause problems for the local area. The ash spewed into the atmosphere can cause air quality issues thousands of miles away. The tiny particles can clog HVAC systems, overloading them and requiring replacement.

Aircraft

While the days of 9/11 seem in the distant past, aircraft can still pose a serious threat to businesses located in high rises. A simple miscalculation can spell disaster for those on the aircraft and the offices in the building.

Make sure your business’s commercial property coverage accounts for these types of overlooked perils. When not covered, all related damages come out of the pockets of businesses.

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How To Open an Assisted Living Facility

Assisted Living Facility

Assisted living facilities are an excellent investment in the coming years. About 73 million people are part of the Baby Boomer generation and they are quickly approaching their golden years. If you own and operate a facility, you have the distinct opportunity not only to create a solid business investment but also to help people enjoy their retired years.

Financing Your Project

Unless you happen to have enough capital to start the facility on your own, securing financing is the first step. A number of loan types work for assisted living facilities. Most commonly, people apply for SBA loans, bank financing, or multifamily loans. Some use conventional mortgage loans.

Finding the Right Property

Assisted living facilities must meet accessibility requirements. Whether you purchase an established one or build your own, it must be one story with hallways large enough to accommodate wheelchairs. The patients’ rooms must have accessibility options as well, such as roll-in showers. Properties with large lawns and lots of windows look more cheerful and often gain more interest.

Making the Facility Legal

Operating an assisted living facility has legal requirements. The property must be zoned for it, and you have to obtain licenses and certifications. Specialized insurance is necessary, too. One website, www.caitlin-morgan.com, offers a highlighted look at which assisted living business insurance you need. Common ones include liability, workers’ compensation, and property insurance.

Regulations for assisted living facilities vary between states. Research your state’s laws to determine what you’ll need to get your facility up and running.

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How to Protect Your Boat Club

Mariners Insurance

If you have a boat club, you already know how important it is to provide your members with a setting that is both safe and fun. Here is a look at how boat club insurance can protect your club in a variety of ways.

Coverage While Training or Participating

Boat club coverage offers protection in various activities, such as training for sailing school or even regatta participation. If your members take part in any of these, you can feel comfortable knowing they are covered. Since these types of situations can be a little more accident-prone than other types of activities, it is helpful to have the right coverage in place if a problem occurs and someone decides to sue.

Protecting Property and Grounds

Accidents can happen anywhere, including on the grounds that your boats are on. According to Mariners Insurance, your boat club protection can include both the grounds and even member property. Your members can have confidence that when they use the club, they are safe no matter what the situation.

Finding boat club insurance can be tricky. If you offer activities such as regatta participation, having coverage can be helpful. Protecting the grounds and member property are just one more way you can instil confidence in the services you offer.

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Stay Protected on the Water While Conducting Business

Arroyo Insurance programs

Companies headquartered near the coast or lake may buy a boat to entertain clients or treat employees. Many general liability policies do not cover the incidents that happen while on the vessel. A separate watercraft liability policy can keep your assets protected while you enjoy the beauty of the water.

Injuries

As referenced on Arroyo Insurance programs, a watercraft exclusion is common for general liability policies. This means that if your client or employee is injured on the boat, you may have to pay out of pocket for the medical expenses without a separate policy. Boating injuries are common from someone falling overboard to slipping on a wet deck.

Damage

Property damage can happen while out on the water. The driver can run into another object such as a boat. The bottom of the water may be closer than you think causing damage to the hull. Or perhaps someone didn’t properly tie down the boat and it slips off the boat ramp causing damage.

Rental

A rental company can be a great way to enjoy the water without the expenses of owning a boat. However, the rental company may require an additional insurance policy to protect their investment.

Don’t rely on a general liability policy while conducting business on a boat. A separate watercraft liability policy allows you to enjoy the relaxing atmosphere of the water while still being protected.

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