Sometimes traditional insurance policies don’t always support additional risks. In these instances, using an alternative risk transfer (ART) solution may be more effective. When you enact products within the ART market, companies can purchase coverage and transfer risk without using commercial insurance. If your organization bears any risk not covered by a traditional policy, ART may provide...
Many businesses make use of vehicles for daily operations, where it is a service truck, a delivery van, sales rep car, or an employee heading out to pick up supplies. Though the experts at World Wide Specialty Programs recommend a comprehensive commercial auto policy, there are some situations that may not be covered in the event of an accident. Employee Use of Vehicles Not every business can...
Companies that routinely rely on heavy equipment like loaders or cranes are exposed to risks during their transportation and operations. The nature of these operations increases the likelihood that accidents or damage could to both operators, facilities, or other equipment. The Loss Replacing expensive equipment that constitutes the heart of the business operations can be a financial drain on the...
Contractors in the construction industry face unique risks, including vandalism, theft, and injury. For that reason, the law requires all construction projects to be covered by insurance, which is designed to protect employees and third-party workers alike. Consider the main reasons why you need construction insurance. Protecting Your Business According to Arroyo Insurance, the right insurance...
Staffing agencies indeed open themselves up for some big liability risks just by providing their services. Essentially, a staffing agency acts as the middle-man between employees and employers. As such, they have responsibilities for both parties. If a mishap occurs in either direction, this can spell bad news for the staffing agency. Fortunately, the right insurance will give you peace of mind...
Oftentimes, a frustrating part of dealing with insurance is knowing how to qualify for the care you need. This knowledge is especially important when it comes to Medicare home health care coverage. If you provide home health care, part of your responsibility is to understand whether or not your patients may receive assistance from Medicare for the services you offer. Your knowledge of Medicare...
Employee benefits are a crucial aspect of an employee’s decision to join a company. As the employer, it’s your job to carefully consider the advantages and disadvantages of employee benefits before you design a group benefits plan that meets your needs. Positive Effects of Group Benefits Because group benefits are so essential to an employee’s experience at your company, an effective...
If you rely on heavy equipment to help get a job done, malfunctions in the equipment can throw off your completion timeline, delivery mandates, and even create dangerous working conditions. In addition to carrying a commercial property insurance plan that could cover certain damages or injuries, the experts at HILB Group advise that you also secure an industrial equipment insurance policy....
When you need to find the right liability coverage, it can help to search through an insurance company directory for a provider that carries the services you need. There are many different exposures to be aware of, whether you are a commercial business or an average citizen needing to find car insurance. Choosing a provider that displays a variety of policies within the specific area of coverage...
Blue cards are designed to be carried by ships carrying oil or other products that could be harmful to the area or environment should a spill occur from the vessel transporting the product. The Blue Card, or Bunker Convention Cover insurance, serves as a certification that the shipowner has the necessary indemnity coverage required to allow the transport of the cargo through the area waters. The...
