Archive for the ‘Business Insurance’ Category

Lessors Risk Insurance

LRO insurance

Lessors Risk Insurance

The last thing you want is for your rental property to become a financial burden; but if someone steals from your lessee, you could be financially responsible. To avoid this type of disastrous situation, it is a good idea for all landlords to obtain lessors risk or LRO insurance. This type of policy protects you from liability in case something happens to your tenant’s property.


Specific regulations may vary from state to state, but the following are some general requirements of LRO policyholders:

  • Own a property that you lease to others
  • Rent out at least 75% of the area within the building
  • Keep up with regular maintenance
  • Modernize any outdated electrical or plumbing systems
  • Fix roof or siding damage

Types of Rental Properties

Many kinds of rental properties can be covered by LRO. Here are a few of them:

  • Laundromats and dry cleaners
  • Restaurants
  • Office spaces
  • Shopping centers
  • Warehouses
  • Convenience stores


Types of loss usually covered include:

  • Theft
  • Damage by natural causes
  • Vandalism
  • Loss of tenant’s customers’ property
  • Bodily harm

According to, niche markets can experience unique situations not encountered by more traditional businesses, and some of these situations no doubt arise between landlord and tenant. You can protect your investment from your tenants’ potential misfortunes with LRO insurance.

Coverage for Fossil Fuel Vendors of All Kinds

Fossil Fuel Vendors

It stands to reason that gas station insurance coverage goes beyond that offered to stand-alone convenience stores without fueling stations. After all, dealing with petrochemicals all day creates risks that have to be managed apart from the business insurance concerns that regularly go with retail. You won’t find many investors who miss that. So, are you taking the same approach toward insurance for your propane dispensing business? Whether you distribute gas throughout the area or you’re just selling tank refills to help campers and barbecue enthusiasts passing through your store, propane dealers insurance is vital to your overall insurance plan.

Risks Associated With Fuel Dispensation

Since the risks associated with dispensing propane, fuel oil, and other fossil fuels traditionally associated with heating and home cooking are fairly common across the board, it makes sense to look at experts like who make it their business to cover companies with those needs. They not only know enough about the industry to give you robust coverage that suits all fuel dispensing businesses, but they also have the depth of experience in the field to adapt your coverage to suit the particulars of your operation, no matter how major or minor a part of your business your propane sales happen to be. Do your research today, and get the coverage you need to round out your business insurance portfolio.

Going Beyond Basic Coverage

Professional Liability Coverage

Operating a business is much more than just marketing to the right customers. It takes smart planning moves like having the right level of insurance for your industry. One important insurance policy you may require is called errors and omissions coverage. With this kind of policy, you can better prepare yourself in case of an expensive legal case.

What Makes This Coverage So Special?

E&O coverage extends beyond the realm of basic liability coverage like a general liability. The experts at state that general liability does not necessarily cover the kinds of risks and consequences that are involved with alleged negligence and errors. See, errors and omissions coverage comes into play when a client believes an error or negligence occurred with the services you offered. This protection is usually not offered under the terms of general liability.

What Kind of Professional Requires This Insurance?

Many different types of professionals can find this insurance beneficial. For example, healthcare professionals may find this policy beneficial in case a patient places legal action against your office for scheduling an appointment at the wrong time. Accountants, lawyers, and tax professionals would also be wise in investing in this insurance. Financial investors, planners, and even other insurance brokers frequently purchase this insurance in order to be financially ready for a potential lawsuit.

What is a Stock Throughput Policy?

D&G Sayles Insurance

If you have a business that manufactures, distributes, imports or exports products then you should understand what a stock throughput policy entails. A stock throughput or STP policy is an all-inclusive type of coverage that offers protection during the entire supply-chain cycle and even takes gaps of coverage into account.

From raw materials to finished products, a stock throughput policy is designed to cover your inventory throughout production, storage, transit, and delivery. During the production and overall flow of goods, there are countless ways a product can be damaged or lost. That is why securing stock throughput coverage through an experienced company like D&G Sayles Insurance, is an ideal way to protect your investment. With this type of marine insurance, you can rest assured knowing that your goods are covered from start to finish.

STP’s commonly come with low deductibles and high limits making them a cost-friendly choice for companies looking to lower overhead costs and improve administration and operating costs. Partner with a reputable company and ensure you are getting the most competitive price in the market.

Rather than dealing with the hassle of carrying multiple types of coverage for each phase of your product’s life cycle, consider the advantages of one comprehensive stock throughput policy. Get the coverage you need from the raw material stage to the final delivery of your product.

Three Tips to Increase Staffing Firm Cybersecurity


Staffing firms may not consider data breaches a high concern, but perhaps they should. With the number of temporary, part-time and contract workers moving about the building on any given day, it can be hard to keep track of who has access to what. These tips can help increase your firm’s cybersecurity measures.

Staff Training

Regularly train staff on appropriate security procedures. New employees should have training on how the firm handles sensitive information even if they have no access to that information. As seen on WWSPI, employee misuse of information causes about 12% of all breaches.

Breach Response

Data breaches are bound to happen regardless of the security measures in place. Having a breach response plan in place before they happen can help mitigate the damage done. A solid insurance plan can help mitigate the financial loss of a breach.

Security Policy

All these should be included in robust cybersecurity policy. Encrypt all personal information before issuing mobile devices in case someone loses the device. Have a plan to update all security programs and software programs on a regular basis to reduce outside threats.
Data breaches occur both inside and outside the company. Staffing firms are particularly vulnerable due to the number of people accessing the system. These tips can help reduce the number of breaches and reduce their effects when they happen.

3 Ways To Expand Your Insurance Business

Program Business

Keeping your insurance business going is a big enough responsibility, but getting it growing is something else entirely. To be successful in today’s constantly changing market, you cannot standstill. Here are three ways to expand your insurance agency.

Cultivate Customers

Whether your agency is new or more established, widening your customer base is a priority for long-term viability and profitability. This requires thorough research. You need to know your customers and potential customers. What are their concerns? What are they looking for in a policy? Social media platforms are great ways to connect and interact with customers. Answer questions and address concerns directly, and you can help build loyalty amongst current customers and possibly attract new ones.

Get on a Directory

People today are busy, and when they are looking for insurance, they appreciate compiled databases with information about and links for agencies that let them compare services and policies quickly and easily. As referenced on Program Business, its insurance directory is popular and has been the platform for more than $2 billion worth of written premiums.

Offer More Policy Options

Examine your current offerings and consider expanding your policies. Giving your customers more options increases value. It also delivers better customer service.
Growing your insurance business in today’s mercurial environment is challenging. However, there are specific steps that help you inject new life into your insurance agency. Taking action now sets your business up for a healthy future.