Author: Love Machine Cycles

The Importance of EO for Mortgage Industry Professionals

For mortgage bankers and brokers, there are a lot of steps and details involved in processing a loan. A mistake or omission at any point in the process could be costly to a client, resulting in a liability claim. Read on to learn more about liability protection and e&o for mortgage industry professionals. Preventing Liability Claims Having procedures in place to help catch mistakes can go a...

Why You Need Commercial Property Coverage

If you own a business, you are certainly aware of the essential value of your company property. A significant loss of property, or damage to your property, could cause you (and any employees) to lose your livelihood. For this reason above all, commercial property coverage is essential for business owners. A comprehensive policy will help to protect your business, ensuring that no matter what...

Navigating a Nonprofit Vehicle Use Policy

Managing risk in all areas is extremely important for nonprofits. Financial margins are often tight at nonprofits, and heavy reliance is often placed on volunteers — making navigating risk especially important. One particular area of concern is your organization's nonprofit vehicle use policy. Understanding who is permitted to drive nonprofit vehicles (or personal vehicles on behalf of the...

What You Should Know About Car Insurance Types

No matter where you live, you’re required to carry car insurance when driving. While you have options when it comes to coverage limits, a typical auto policy covers bodily injuries, medical bills, property damage, collisions with other vehicles, collisions with other objects, and other drivers who may have too little insurance or none at all. While a typical auto policy works for most of us,...

How You Can Prevent School Shootings

As politicians and society wrangle over the issue of preventing school shootings, these tragic events continue to happen.  Unfortunately, there is no way to ensure that gun violence in our schools will never happen. However, there are steps that both parents and school administrators can take in order to minimize the chances that a school shooting will occur. Why Are There So Many School...

What Does Insuring Ship Repairers Entail?

Ship repairers work with expensive boats, equipment, and real estate. Accidents and mistakes can result in multi-million-dollar repairs and for this reason, it is critical that every ship repairer has insurance coverage. What does Insuring Ship Repairers entail, exactly? Vessels Ship repairers work on a variety of vessels, including Yachts TugboatsSchoonersRowboatsBargesCruise ships In case...

The Causes of High Turnover

Employee turnover is an important metric for your business to measure. It is the rate at which employees leave and get replaced. Preventing turnover can be important for your business' success. It costs a lot of money to recruit, train, and have employees flourish. Constant turnover can dim these efforts. Learn a little about what causes high turnover below.  Low Morale at Work It can be hard...

A Short Guide To Hospitality Industry Liability Insurance

If you are one of the many people working in the hospitality industry, it is vital that you have the right safeguards set in place to prepare for the possibility of something going wrong.  A large part of these safeguards is insurance, specifically, hospitality industry liability insurance. What Is Hospitality Industry Liability Insurance? Hospitality industry liability insurance is a type of...

 Insurance Considerations for Subcontractors

Working in construction comes with several risks that are the nature of the business. The use of heavy equipment and the presence of site hazards introduce several exposures for contractors and construction companies, especially ones that perform contracts for government owners that serve the public. Many clients require contractors to carry insurance policies to cover their work. Subcontractors...

Calculating Your Premium Using  Retrospective Rating Formula

When it comes to your insurance, it stands to reason that you may often feel like you are spending a lot more than you would like to. Since the budget of a business is usually set the way it is for very specific reasons, you want to do your part to keep your insurance costs to a minimum however possible. For some, this means taking time to look at alternatives to traditional arrangements....