October, 2016

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Is a Self-Insured Workers Compensation Program Right for Your Business?

Workers Compensation Programs

There are many options out there when it comes to workers compensation programs, but finding the one that is right for your business can be difficult. One option that you may have heard of is the self-insured workers compensation program. This option is not for everyone, but it may be the perfect fit for your company’s needs.

What is Self-Insured Workers Compensation?

As the name implies, a self-insured workers compensation policy is one in which the employer is financially responsible for providing the workers comp benefits to its employees. This means that they pay for all claims out of the company funds instead of paying a monthly premium.

Whats the Advantage of a Self-Insurance Program?

A self-insurance program allows companies more control over the associated costs of paying out the benefits and can ensure that their employees receive adequate care in a timely manner. If a company has limited cash flow, it can be beneficial for it to save money on monthly premiums and only pay out when needed. This is especially true for companies operating in low-risk industries.

Before you consider opting for a self-insurance program, be sure to shop around and see what other workers compensation programs are out there. It is also important to note that some states do not allow this kind of policy.

3 Benefits of Veterinary Professional Liability Insurance

veterinary professional liability insurance

Veterinarians should prepare for dissatisfied clients who pursue lawsuits, even if the claim is unfounded. Any legal action can create an immense financial burden, so its wise to invest in veterinary professional liability insurance to address your risks.

Advantages to Consider

Comprehensive veterinary insurance plans offer protection by providing unique terms and provisions tailored to your specific needs, giving you exceptional protection and control. Veterinary professional liability insurance offers the following advantages:

  1. Saves money. Negligence lawsuits are expensive, and a professional liability policy ensures expenses are not paid out-of-pocket. Also, fewer claims can lower your premiums.
  2. Relieves the fear of serious lawsuits. If a client sues for a legitimate claim, you could owe hundreds of thousands of dollar in damages in addition to legal fees and court costs.
  3. Proves you are a professional. Show clients you have the protection to back up the quality of your work. Having a policy in place strengthens your credibility and sets you apart from your competition.

You’ve built it, and now it’s important to protect it.

Get the Coverage You Need

As a veterinarian, you provide expert care and comfort to animals and their owners. Whether its protection for a pet lost under your care or theft, make sure to get the coverage you need with veterinary professional liability insurance.

The Right Coverage for Your Boat Repair Company

boat repair liability insurance

Repairing boats is an art, and you’re one of the professionals with the skill and know-how to make it in this industry. Despite your expertise, however, mistakes can happen every now and again. This is why you need to keep yourself protected with boat repair liability insurance. You offer your customers a wide variety of professional services, but what happens when something goes wrong? You need to keep yourself and your business protected when it comes to legal issues. Some of the issues you can expect an insurance company to handle include:

  • Electronic components and their installation
  • Engine repairs and replacement
  • Detailing and cleaning of various water crafts
  • Canvas installation or sail repair
  • Carpentry repairs or other woodwork

These are some of the most important types of protection you need when working within this highly important and highly specialized field. Regardless of your confidence in your own skills, its imperative to have protection in the event that something goes wrong, or you unknowingly purchase a faulty product to install. Boat repair liability insurance offers your business everything it needs to remain legally and financially safe from these common threats and more as you carry out daily operations, so you can keep your attention on providing quality service to your customers rather than the risks.

Tips For Working With CT Insurance Companies

ct insurance companies

If you’re looking for CT insurance companies, you might be wondering how to find the best coverage available. Although finding a quality insurance agent is a huge part of getting good coverage, there are also a number of steps you can take on your own to help protect your assets. Here a few useful tips.

Figure Out Risk

First of all, make sure that you know exactly what your exposures are. Figure out your most valuable assets, and determine what risks they may face. For example, your house is one of your most important investments, and if you live in a coastal area, then you may be at risk of flooding. Its also a good idea to determine how likely it is that these events will occur some situations are more risky than others.


You should also take cost into account. How much are you able to pay for your insurance? More importantly, what are the potential costs you’ll have to handle if you don’t have insurance? Balancing these two factors can help you decide on a budget.

Get Help

Finally, make sure that you contact an insurance professional to help you find the coverage you need. A quality agent can help you find a plan that covers all your exposures without ruining your budget. CT insurance companies are a fantastic resource for protecting yourself.

Protect Your Stock and Staff With Warehouse Insurance

warehouse insurance in Orlando, FL

If you manage a warehouse, you already know all of the risks that are a daily part of the job. It can be challenging to mitigate liabilities, maintain operations and maximize profits all at the same time. Perhaps the first of these responsibilities, mitigating liability, is the most important. You cannot make a profit or maintain your operations if you don’t. Investing in warehouse insurance in Orlando, FL is the best way to protect your assets and your warehouse.

Common Warehouse Liabilities

There are a number of liabilities that commonly plague warehouse environments. You should minimize your risk for all of the following potential occurrences:

  • Employee injury
  • Damaged or lost stock
  • Unsafe work environment
  • Theft and employee dishonesty
  • Workers compensation

Don’t Let Liabilities Win

You don’t have to let these liabilities rule your every move. You should engage is risk management, of course, but you can protect yourself and your warehouse by investing in warehouse insurance in Orlando, FL. The right policy can protect the stock that is present in your primary location as well as additional locations. You can research coverage options to find the one that best suits the needs of your business. Doing so can prevent massive expenses and legal action from interrupting your operations and jeopardizing your profits.

Reasons to Get Dog Bite Insurance

Dog bite insurance

Did you know that your homeowners policy may not include liability coverage for your dogs actions? There is an option however, for you to get dog bite insurance as its own policy. It will cover medical and legal expenses related to the injuries. Here are some reasons to get dog bite insurance.

Neighborhood Risks

Do you live in a neighborhood that has young children? They may not know how to properly approach a dog and may irritate or startle your pet. Even though your dog is trained well and is not aggressive under normal circumstances, it may respond by biting.


Some states require proof of liability insurance, and you could be fined if you do not have it. Some landlords will require liability insurance if you wish to move into their property with a dog. Often times they will request to be an insured party.

Breed Restriction

If you have a dog such as an Akita, Pit Bull, or Doberman Pinscher, it is likely that your homeowners insurance does not cover them if they bit or injured someone. If your dog has even accidentally scratched or knocked down someone in the past, Dog bite insurance can give you peace of mind that you are covered in case your dog causes someone to become injured.


Factors to Consider Before Getting an Insurance Policy

Connecticut insurance

Having insurance is a wise decision to help you prepare for the unanticipated circumstances that sometimes happen in life. It is a responsible way to protect the people and things that are most important to you. Before you begin working with an agent to select coverage, here are some important factors to consider.


Insurance premiums can be affected by a number of things including where you live, how many people will be on the policy, and what types of coverage are included. Familiarize yourself with rough estimates so you can appropriately budget for the amount you will pay.


Think carefully about the kind of lifestyle you live. Do you have certain belongings that are of critical importance to you? Do you enjoy hobbies that are generally considered risky? Understanding the risks you undertake each day can help you make a better decision regarding the kind of coverage you choose.

Coverage Options

Understanding the coverage options available to you is a process that is facilitated by an agent. Working together with a professional, you can ask questions about various coverage types so you can make appropriate decisions about what is needed for you to have a no-gap policy.

Because Connecticut insurance is such an important investment to make, take your time considering what type of policy to get. These tips can help you make rational and educated decisions so you can get the most out of your coverage.

In Transit Insurance from Cradle to Grave Coverage

in transit insurance

A great number of your clients are faced with many shipping logistics, requiring them to carry in transit insurance. Lets face it, the more cargo they handle, the more likely the chances that something in their care may suffer damage, destruction or loss, and that can cost them a lot of money. We hear about disasters happening everyday. Acts of terror have made the world a much less safe place, and even beyond terrorist acts unfortunate mishaps can occur.

We also hear reports about ships sinking, and natural and man made disasters are becoming a regular occurrence as well. Bad weather also causes a great deal of problems for the logistics industry. And, beyond that, there are dishonest people in the world looking for opportunities to make off with someone else’s valuable inventory. Protecting against cargo theft is now an intrinsic part of doing business, including having the right type of insurance.

Protecting Valuable Assets

There are many ways in which your clients can make sure those assets in transit are protected. For instance, when goods are in transit they should carry insurance that provides coverage for physical loss or damage to cargo while in transit, either internationally or domestically. Every year cargo theft takes a major toll on companies that transport goods, with estimated losses totaling more than $15 billion annually.

The shipper who sends their products to a specific destination often assume that the carrier is responsible for providing compensation if the product is somehow damaged. However, the carrier cannot be held responsible for any damage or loss incurred by natural disasters. Owners and shippers have to make sure that the consignments are packed well, but also need to buy adequate coverage in case the unexpected happens.

While policy specifics will vary between countries, insurance companies and types of shipments, the essential need for in transit insurance for shipments in your clients care will ease their financial burden should they be deemed responsible for any loss or damage from cradle to grave.