May, 2015

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Protect What Matters Most With Professional Liability Insurance

When it comes to comprehensive insurance plans, a misc professionals program can play an important role in ensuring your business remains protected against claims of negligence related to professional service. Such claims can be especially damaging if a business lacks this specialized coverage, which is not always included with general policies.

What Is Professional Liability Insurance?

Also known as errors and omissions insurance, a professional liability policy provides coverage in the event a lawsuit should arise due to issues with service provided. This coverage is particularly important for those entities that afford a professional service to clients. If such service is found to result in a financial loss, a business can face costly legal proceedings and may even need to pay out damages if necessary.

What Is Covered Under Such Policies?

Typically, coverage is extended for things like court costs, as well as any settlements awarded to the claimants of a case. Even in cases where claims are ultimately unfounded, a business may suffer financially while attempting to manage costs for legal expenditures. A misc professionals program can help cover these costs, which allows a business to continue operations while engaged in court proceedings.

Ensure Continued Success With the Right Insurance Plan

No matter the industry or profession, comprehensive insurance is a must for businesses seeking
protections against a myriad of risks. For this reason, implementing a misc professionals program is essential to ensure the continued success of a business when faced with impending lawsuits.

Affordable Solutions for Workers Compensation Coverage in Virginia

Workers compensation in Virginia provides important coverage for on-the-job injuries. As a business owner, you want to provide coverage for your workers without breaking the bank. Fortunately, there are several strategies that can help business owners keep costs down while still providing coverage for medical and wage replacement for workers.

Increase Workplace Safety

The best way to save money on accidents is to prevent them in the first place. Do a complete safety audit of your business. Identify potential hazards and find ways to reduce injury risks. Implement standard operating procedures for common tasks that put safety first. Involve employees in the process. Requesting safety recommendations and inviting employees to serve on a safety panel can increase employee investment in workplace safety.

Create an Accident Investigation Program

Unfortunately, accidents can occur despite diligent precautions. Creating an accident investigation program offers two major benefits. First, it helps determine the cause of accidents. Frequently, discovering the cause allows you to further refine safety procedures to reduce future accidents. Secondly, it provides protection again fraud. Identifying and eliminating fraudulent claims can keep your costs for insurance down.

Implement Return-to-Work Programs

Beyond premium costs, workplace accidents also carry the costs of lost work time. To help mitigate those costs, implement a return-to-work (RTW) program. RTW programs help employees who have suffered illness or injury return to positions that help the company. From short-term modifications of job duties to temporary reassignment, RTW can minimize lost production costs.

Workers compensation in Virginia can be more affordable. Following these three steps will give your employees protection while saving you some of your hard-earned profits.

Do You Qualify for Vintage Car Insurance?

If you collect classic automobiles, you know how expensive this hobby can be. You’ve spent thousands of dollars and countless hours on the painstaking restoration of your vehicle, and you’re now ready to realize the fruit of your labor. While there are plenty of costs associated with acquiring and maintaining your favorite automobile, there are some ways to save money when it comes to protecting it. Take advantage of a vintage car insurance program, and you’ll avoid the unnecessary expenses of adding it to your normal policy. You may qualify for policies like:

  • Classic car coverage is for vehicles that are between 15 and 20 years old, and may have some modifications made by the owner.
  • Antique vehicle protection, which is for cars that are more than 25 years old, and are completely original without any augmentations.
  • Specialty policies for collectible automobiles that don’t fit into the other two categories.

With any vintage car insurance policy, it’s important that you meet a few conditions. You must maintain the vehicle in excellent condition, store it in a secure location and only drive it in limited situations. Some insurers may also require that you have a regular-use vehicle for every person in the household who has a driver’s license. If you can meet these qualifications, you’ll be able to save some serious money while providing ample protection for your investment.