Category: Insurance and other Tips

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...

 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....
Semi Truck Insurance

Why Trucking Crime Insurance Is Important

Trucking can be a difficult business to run. Trucks transport valuable cargo across the country. There are also risks when driving on the roads. If the law is involved, your business could have to pay a lot. Whether it is working on the trial process or paying for a property loss, lots of money can be involved. Trucking crime insurance is important to help get your company through these tougher...
Nonprofit Need Liability Insurance

Breaking Down Employee Benefits Liability Insurance

Benefits packages for employees have been a staple of recruitment and retention plans for generations, but when you offer competitive benefits for your employees, you also take on a fiduciary duty to make sure those benefits are well-managed and that employees have access to the funds and services they are supposed to provide. That makes employee benefits liability insurance a vital part of many...
Tow Truck Operators

How Can Trucking Companies Reduce Pollution?

The carbon emissions from trucks are a matter of growing concern. Apart from the immediacy of problems with air quality, an excessive volume of contaminants in the air is coming to have a long-lasting and perhaps irreparable effect on the climate. Here are some ways that commercial trucking companies can help to reduce their emissions. Route Optimization It is important to plan routes in a way...
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Strategies for Restaurants to Avert Spoilage

Letting food supplies go to waste can represent major losses for restaurants. Implementing strategies to avoid food spoilage can help restaurants minimize their operational costs and maximize profitability. Store Food Effectively The way that restaurants store food can have a big impact on its shelf life. Refrigerating all perishable items and also using high-quality storage materials helps...

Three Reasons for Choosing Fleet Auto Insurance

If your business has five or more vehicles, you are typically eligible for commercial fleet auto insurance coverage. But why should you choose fleet insurance instead of individual policies? The answer is relatively simple... Save Time Applying for a single fleet policy requires less time than filling out individual forms for each vehicle. Also, when submitting claims it is easier to keep...

Marine Surveyor Liability Coverage Basics

Professional liability coverage has to be built to the role, which is why surveyors are in a special class. Marine surveyors do the work of finding appropriate sites for construction, resource extraction, and other important infrastructure decisions for offshore industries. They also sometimes provide research support for scientists, wildlife population information, and other essential pieces of...
Maritime Liability

Commercial Marine Insurance Defined

If your business operates on or near the water, it's probably classified as a marine business. This is especially true if you are reliant on a fleet of vessels to do your work or if your work involves the vessels of others. Marine businesses have unique needs because of the jurisdictional boundaries at the water's edge and the risks of working out at sea or on other bodies of water like lakes...