Posts Tagged ‘Policy’

The Basics of Inland Transport Liability

Inland Transport Liability

Any industry can be quite confusing when it comes to insurance coverage. You may hear the terms “marine insurance” and “Inland marine insurance” used together, but they are separate coverage’s. With marine insurance, coverage is for the transport of products across waterways. With inland marine coverage’s, it applies to the transport of products, equipment, and material that occurs on land.

Your Business and Its Insurance Needs

Though you may do a lot of business with transport over waterways, chances are you will also rely on transport by truck or train for some of your materials or products. You may also have third-party storage or warehousing partners that work with your company. Because cargo theft and collisions are two of the most frequent losses that occur with inland marine transport, it is important you have this exposure covered by insurance.

Covering Your Basics

With a Business Owners Policy, you may have sufficient property insurance to address losses at both your location and a separate but business-related location. However, when your company relies heavily on shipments of equipment or products, these situations are excluded from a BOP. Inland marine can cover things like computers, construction equipment, medical equipment, communications or networking equipment, and a number of other business needs.

When doing business, there is a lot at stake with the safe delivery of your product to the consumer. In order to protect your exposures during transport, consider investing in an inland marine policy.

How Knowing the Law Helps You Properly Insure Your Dirt Bike

Dirt Bike

One of the trickiest aspects of selecting the right insurance plan for your lifestyle is figuring out what exactly needs to be covered. Too much coverage and you could be spending a fortune on options you don’t need. Too little involved in your policy and you leave yourself open to plenty of problematic scenarios. When it comes to riding your dirt bike, for example, you need to know what your policy covers in regard to off-road and street riding. The best way to achieve this is by looking over local laws and ordinances involving street bikes.

Basic Rules and Regulations in Connecticut

Understanding the basic concepts of street bike riding in CT can provide you with some insight on how you should go about your insurance concerns. Throughout Connecticut, outdoor vehicles like motorcycles and off-road bikes are permitted in acceptable locations as long as the rider has the appropriate license and insurance coverage. Snowmobiles are also allowed throughout the state and can be converted into off-road vehicles that are allowed to be ridden throughout the spring and summer. Some popular locations for biking in Connecticut include:

        Cockaponset State Forest

        Pachaug State Forest

        Thomaston Dam

Understand the Basic Laws

The more you learn about where and when bikes and similar vehicles are permitted in your state, the easier it will be to select the most appropriate insurance. Explore your options and discover the most sensible fit for your future.

3 Things Your Small Business Needs Today

Small Business

Owning and operating a small business comes with a lot of responsibility. You are responsible for deadlines, working with vendors, reinvesting capital and of course, liabilities. If you’re just starting out, you have a lot to learn along the road to success. Here are three areas that can help get you ahead.

  1. BOP Insurance

Business owners insurance is essential for small businesses that can’t afford the risk of liabilities. Everything from your building to your employees presents a liability risk. A BOP policy can be tailored to fit the needs of your business, including property and general liability coverage.

  1. Marketing Strategy

You don’t need a marketing department to have a marketing strategy. You can start out simple with a webpage and social media accounts. The key is to update often, and also purchase advertising. Social media platforms offer an affordable way to complete with companies much larger than your own.

  1. Business Plan

If you didn’t create a business plan when you started your business, start making one now. This will help you set clear goals and milestones for growth. You should review your plan often and revise it as often as needed. Studies have shown that writing down your goals makes it more likely you will reach them.