Archive for the ‘Business Insurance’ Category

Scaffolding Tips To Make Your Construction Site Safer

When your business is involved with doing construction on the exterior of a piece of property, scaffolding is typically a part of the equation. While a necessary piece of equipment in the world of construction, there are many scenarios in which this structure can lead to major problems and even the threat of injury or death. Failing to follow proper protocol when moving on and around scaffolding is key to site safety. Review these tips to learn how to improve the way you protect your workers.

The Biggest Risks

One main point to think about with construction scaffolding safety is how easy it is for someone or something to fall from the structure. Fall hazards are actually some of the leading contributors to injuries sustained on an active construction site. To address this risk directly, you want to make sure all of your employees understand how to appropriately move when in close proximity to or climbing on the scaffolding itself. Educating your team is the best way to ensure everyone stays protected. Additional points to keep in mind include:

  • Taking out appropriate workers’ compensation coverage
  • Providing access to safety gear where needed
  • Informing passersby of any detours

The Power of Staying Prepared

There are many ways to improve the safety of your construction site. As long as you take the time to consider the basics, you’ll have no trouble making your active projects much safer environments for all those involved.

How To Reduce Manufacturing Business Risks Through a Safety Plan

Business owners in the manufacturing industry must remain mindful of the many risks posed by daily operations. Part of this is learning to plan in advance for possible problems in order to mitigate your losses. With companies centered around manufacturing operations, you absolutely want to create a safety plan that you and your employees follow on a regular basis. Take a look at these suggestions and put together a strategy that helps your business stay safe.

Put Together a Plan

The first point to consider with your plan is how to address the most common manufacturing business risks. Pinpoint the biggest threats to the safety of your employees and start to work out practices that help to best protect workers from harm. Managing risks can be difficult, as problems can change and evolve over time. Say mindful of factors like the age of equipment or the impact of weather conditions on facilities to ensure your plan is comprehensive. Other points to remain mindful of can include:

  • Providing workers with educational materials
  • Assessing risk management strategy annually
  • Use analytics to measure your progress

Protect Your Workers

By creating a plan in advance, you give yourself the opportunity to reduce the odds of a problem causing major issues for your business. Develop a strategy that covers all the biggest risks in manufacturing and see how it can protect your workers and your assets.

What Does Boat Builder Insurance Cover?

Commercial marine businesses face unique risks, a reality that certainly extends to the field of boat building. Boat builders must take into account the standard water-adjacent risks — severe weather and natural disasters, cybercrime, proximity to heavy machinery — as well as others unique to the construction industry. Carrying comprehensive boat builder insurance will ensure that your operations can proceed smoothly without overdue concern for financial loss, particularly in the event of an accident or injury.

What Makes Boat Builder Insurance Unique?

Boat builder insurance will take into account the diversity of hazards faced in the boat building industry, from the start of construction to its end, and everything in between. This may include the following:

  • Property coverage, protecting commercial property and equipment, tools, income, inventory, and anything else
  • Liability coverage, covering hazards unique to the boat building industry, such as hull coverage, commercial automobile coverage, ship repairers’ coverage, and pollution liability coverage
  • Coverage for workers, including workers’ compensation, health insurance (if applicable), and relevant legally-mandated coverage

Boat building is a distinct art, and is both time and labor-intensive. Developing a policy of comprehensive coverage will ensure the construction process is safe, and that your business can focus on filling client orders while knowing that you are well-protected in the event of an accident.

What Is Covered Under Errors and Omissions for Real Estate Agents

Real estate agents can be protected from mistakes made during the course of their business operations or professional services through real estate professional liability insurance. Also termed errors and omissions coverage, this policy will address the legal costs of dealing with a lawsuit brought by current or former clients. In real estate, this coverage is good for appraisers, agents, brokers or other real estate professionals.

Your Covered Services

Those who work in real estate cover a lot of ground. Throughout your activities, your clients expect accurate information and advice on homes or properties they are interested in. In your rush to make sure every client has the information they need, it is possible for you to overlook an important detail or make a mistake on the paperwork. Either of these events could cost your clients money, leading them to file a lawsuit against you. Your professional liability insurance can help with claims related to:

  • Errors
  • Omissions
  • Inaccurate advice
  • Misrepresentation
  • Negligence

Your Covered Costs

The expenses with a lawsuit can devastate your business, but liability insurance absorbs most of these. Coverage can help with court costs, attorney fees, settlements, judgements and administrative costs. However, each policy has a limit on coverage. Speaking to your broker about the maximum payouts allowed on a plan will let you know if your should increase your coverage limits.

How To Elevate Your Taxi Business

Competition in the taxi industry has become fierce over the past decade. If you are trying to figure out how to attract more customers, then methods for boosting taxi businesses for can help your company stand out.

Focus on Innovation

While the act of picking people up and driving them to their destinations seems straightforward, there are innovative techniques that can improve the process. Think about implementing new ideas, such as:

  • GPS units
  • Booking and dispatch software
  • Digital marketing
  • Sustainability

Installing GPS units in your vehicles can help drivers make informed decisions about the fastest routes, while updating your booking and dispatch software can reduce wait times for customers.

Creating or revamping a digital marketing campaign can introduce the company to a new demographic of users.

People are becoming increasingly concerned with environmental issues. Embracing sustainability can not only help the environment but can also appeal to customers.

Improve Customer Service

Building a loyal customer base is a great way to ensure future business. Find ways to improve customer experiences, including:

  • Smartphone apps
  • Advanced training programs
  • Clean vehicles
  • Cashless transactions

Although your company may be in an area with increasing competition, there are many techniques available that can help your company thrive. By implementing innovative developments and focusing on customer service, you can increase brand loyalty and ensure future business.

Why You Need Insurance to Start a Business in Ohio

Business

No matter how large or small, every business needs insurance. Even if your day-to-day activities seem safe, the possibility of something going awry is always there. Having Ohio business insurance can mean the difference between staying in business and going bankrupt after a simple accident.

Bodily Injuries

You don’t have to be in a dangerous profession like skydiving for members of the public to become injured at your workplace. Liability insurance protects you from having to pay potentially devastating medical bills if someone slips and falls on your property.

Property Damage

Damage to another person’s property can occur in a multitude of ways. For example, you might bump into a client and cause him to drop an expensive cell phone. A liability policy pays to repair or replace damaged items.

Personal Injuries

Defamation and libel can occur unintentionally; unfortunately, however, an apology is not often enough to end the matter. If someone sues you for words they consider offensive, you need insurance to pay for court costs and legal representation.

Finding an insurance agent may feel like one more task on your already long to-do list, but it is an important one. Protect your business with a solid liability policy, and discuss options for additional coverage that are available to you.

Tips for Hiring the Right Recruiters

Right Recruiters

A company is only as strong as the people chosen to do the work. This is why it’s particularly important that you have the best staffing team you can possibly have. Hiring the right recruiters for your company improves your company’s overall success and limits liability risks.

Knowledge

The people who are the best at building a strong staff are those who understand the industry and each employee’s place in it. Recruiters should demonstrate knowledge in three basic areas:

  • History of your field
  • Current trends
  • Your company’s culture

All three levels of information are necessary to be an effective staffer. Extensive knowledge helps recruiters find people who are a good fit for your organization.

Motivation

A great staffing team is one that is enthusiastic about the job. You want people who speak on your behalf to be passionate about what you do. Find people who believe in your company’s vision and can represent you well with prospective employees.

Skill

Good recruiters build connections. They know how to network and foster solid relationships to bring talented individuals to your company. Your staffing team should be comprised of people who demonstrate a genuine interest in getting to know the unique needs and skills of each person.

Great employees make great companies. Work with recruiters who can help you build a strong staff.

Professional Liability Insurance for Architects

insurance for architects

Architects are charged with many important responsibilities in designing and remodeling properties. Owners, developers, and contractors rely on architects’ guidance in determining how to undertake and complete projects. A mistake can result in costly delays, change orders, or property damage. Architects need to take active steps to protect themselves from liability relating to errors or omissions made in the design process.

Understanding the Importance of Coverage

Architect liability can extend to property managers, developers, owners, and even engineers and contractors. In the event that one or more of these parties makes a claim against an individual architect or an architectural firm, there could be costly legal fees and damages. Professional liability coverage will help to address these expenses and safeguard their business.

Coverage as a Prerequisite to Contracts

Many developers or property owners can’t begin a contract with an individual or firm that doesn’t have adequate professional liability insurance. Not having any coverage or not having sufficient coverage levels could ostensibly cause an architect to miss out on important business development opportunities.

Even in the absence of any type of negligence, architects could potentially face claims resulting from their work. It’s advisable to work with an insurer who is experienced in serving clients in the field of architecture to obtain affordable financial protection from liability in the event of a claim or litigation.

What Does Sexual Misconduct Insurance Cover?

misconduct insurance cover

While it is normal to assume the best of your employees, you must always prepare for the worst-case scenarios. One of these potential situations you must consider is an employee’s sexual misconduct. This reprehensible act harms your employees and your company. Protect your business by using the coverage areas offered by sexual misconduct liability insurance.

Incident Investigation

Once a claim is made, an investigation is necessary for multiple reasons. It determines who is at fault, the extent of the damage, future prevention measures and other useful information. Your insurance can cover the financial and resource costs that go into the process to encourage an effective investigation.

Behavioral Training

It is crucial to not only handle a sexual misconduct claim correctly but also prevent any future cases. As such, several insurance providers include employee training that teaches appropriate workplace behavior. This coverage helps you create a safer workplace for your staff. Source: World Wide Specialty Programs

Reputation Risk and Crisis Management

The news of an incident can negatively impact your reputation and your business. You can avoid financial loss by using reputation risk coverage to recover from the said impact. Additionally, a crisis management program allows you to hire a public relations firm to respond to the situation.

Sexual misconduct is a serious matter that endangers your crew and threatens your business. Specialized liability insurance can account for multiple needs following a claim.

Safeguard Your Intermediate Care Facility With Appropriate Insurance Coverage

Insurance Policy

An intermediate care facility (ICF) is a specialized long-term healthcare provider that provides living assistance and non-continuous nursing services, generally for those with mental disabilities or whose health is in decline. Source: Highland Risk. The insurance needs of an ICF intersect those of other healthcare facilities, though the risk profile can differ significantly. When seeking appropriate coverage, working with agents who understand the specialized needs of this industry is crucial.

Liability Insurance

Whether you operate a nonprofit or profit business, you will require professional and general liability coverages that offer a range of plan options to fit your company’s risk profile.

Property Insurance

Your company’s physical property is the lifeline for the individuals you serve and, indeed, for your business. You need a sufficient policy that provides for damages, losses and temporary interruptions to service.

Commercial Auto Insurance

A commercial auto policy is necessary to protect your fleet of vehicles, from busses to company cars. You will require a plan that can protect your business from liability claims as well as damage or loss due to accidents.

EPL Insurance

Employment Practices Liability Insurance will protect your organization against losses from employee claims of wrongful termination, discrimination and harassment.

Running a successful intermediate care facility requires strong risk management plans, which include adequate insurance policies that are tailored to the industry’s unique needs. Your organization provides a valuable service. You want to protect your business so that you can continue to serve your clients.