Management Risk

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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.

The Expertise and Safety That Daniels Insurance Offers to New Mexico Residents

Daniels Insurance

Daniels Insurance proudly builds upon its successful history. They have been serving individuals and a wide variety of businesses in New Mexico since 1937. They cover everything from personal risks such as automobile, homeowners and personal umbrella insurance to business needs that range from complex, huge corporations to new local businesses that spring up.

Expertise You Can Count On

As an experienced firm and global partner of Assurex, Daniels has wide and varied industry expertise, covering the following:

  • Public Entities
  • Oil and Gas
  • Manufacturing
  • Hospitality
  • Construction
  • Electricians

Within each of those fields, they work closely with you and your business to determine where your greatest risks are, how to best prevent catastrophes and how to draw and retain the best talent so that your business is as strong as it can be. Daniels Insurance agents will work out a comprehensive plan that has the right employee benefits, such as good health, dental and more, and the right liability coverage for your business, combining general liability, cyber liability, commercial auto, commercial property, workers compensation, executive liability, commercial umbrella, risk management coverage and more so that your business can push forward and feel safe knowing you have the liability coverage you need.

A Company That Supports You

Lastly, one of Daniels Insurances biggest assets is that their connections with the best insurers allow them to support businesses that often get turned down because of their high liability. Work closely with their agents and feel safe knowing that your future is covered.

Employment Agency Insurance and Issues of Discrimination

employment agency insurance

Because of their arrangement with the people they enlist for other agencies, there are plenty of legal issues that could surface for a staffing firm. This is certainly a concern that should be addressed before an unpleasant situation arises. With all of the various state and federal laws that govern employment relationships, staffing firms face an endless number of legal pitfalls and therefore need to secure employment agency insurance to protect the company, its clients and its workers.

Staffing firms are in a very unique position. They provide sound solutions for client companies seeking to manage their own legal risks associated with their employees, but in certain situations, where there is the potential for workplace discrimination or harassment suits, staffing firms and their clients have exposures significantly different from a standard business operation. These issues are due in part to the enormous amount of turnover, and the constantly changing landscape.

 

Employment practices lawsuits aren’t that uncommon

Discrimination complaints filed with the Equal Employment Opportunity Commission (EEOC) can lead to expensive litigation or costly settlements for a staffing firm. Because of this fact, more attention is now being focused on employer practices related to background checks. Businesses can face individual or class litigation suits if background checks and hiring tests result in screening out protected classes, such as minorities, at a higher rate than other groups. The EEOC has renewed its emphasis on enforcing actions from complaints in this area, and individuals continue to bring about claims based on background check screening.

These agencies often enlist recruitment offices to help supply them with job candidates, and being a business, they run the risk of sending applicants to clients who may not actually be a perfect fit for the position. Naturally, this is done in order for them to get paid and move on to their next client.

Among the many complaints made by applicants are that they may feel like they’re being pushed into positions they aren’t qualified for and companies that aren’t necessarily a good match for them,simply because the recruitment office hired by the temp agency wants to earn credits for placing these individuals quickly. There is an awful lot of risk involved in recruiting employees for different companies, and maintaining employment agency insurance is one way to mitigate many of these risks.

Protect Against Loss From Construction Project Mishaps

Construction Management Risk

On a sizable project, the construction manager operates on behalf of a project owner to pull it all together. A manager is responsible for the work of whatever sub-consultants may be involved, such as the architect or the engineers who deliver the design. Construction management risk deals with the possibility of the work coming in below performance expectations, or not at all.

Opportunities for Risk

A construction manager has a long list of jobs, and a long list of people to supervise in those jobs. There is potential for disruption at any point in the process. Some of the main responsibilities are:

Insurance for Mistakes

One of the top reasons a claim is made against a manager is construction delays. Postponements or stoppages can result in a domino effect of broken agreements and escalating costs. Another main reason for lawsuits is a project going over budget. When it is seen as the managers responsibility to keep the cost within range, going in excess of the agreed price may lead to a claim of financial misconduct. Construction management risk offers professional liability coverage to protect against loss due to a real or perceived failure of organization. It is also a policy that may demonstrate good faith and responsibility, and therefore good business practice.

 

photo credit: ykanazawa1999 cc