Author Archives: Bud

Disability Insurance for Dentists

Dental Disability Insurance Defined

Disability insurance protects individuals in the event that they become incapable of performing whatever job they do to make a living. A disability insurance policy will pay out a predetermined amount of money, roughly equivalent to a policyholder’s salary. The length of the payout varies depending on the policy. Dentists often perform complex procedures that require dexterity, mental focus, and keen eyesight. If any of these faculties fail, a dentist will be unable to do their job. Disability insurance for dentists can protect dentists, their families, and their staff if such an unfortunate event occurs.

Choosing the Best Policy

There are insurance agencies that specialize in disability insurance for dentists. While it is possible to purchase disability insurance from other agencies, there are several advantages associated with choosing a policy from an agency with dental insurance experience. These agencies know exactly how to build policies that provide the best coverage for the best prices. They also know how best to handle claims and are more likely to pay out those claims quickly and correctly. Policies vary depending on the size of a dentists’ practice, their age, and even their location. Dentists can also tailor disability insurance policies to meet their needs and budget. Because of the wide variety of available policies, there should be a dental disability insurance policy to suit every situation.


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Advice for Choosing the Right Computer Consulting Insurance Coverage

Advice for Choosing the Right Computer Consulting Insurance Coverage

When you own a computer consulting business, people rely on your professional advice to fix problems with their expensive electronic devices. Even if you are extremely confident in your ability to do everything correctly, you may unexpectedly find yourself on the wrong end of a negligence lawsuit. That is why it is important to make sure you have sufficient insurance coverage to protect your business and avoid potential bankruptcy from legal costs. Here are some pointers for choosing the right professional liability insurance computer consultant coverage for your needs.

Find Out What Your General Liability Insurance Covers

If you are not completely convinced that you need professional liability insurance computer consultant coverage, you should take a look at your current general liability insurance policy and make sure you are familiar with it. If your policy is like most others, then it probably covers injury to other people and property, but it may not cover a wide variety of other claims that can be potentially brought against you, including:

If you want to give your business the best chance of succeeding, you should talk to your insurance agent about getting a quality professional liability insurance policy. Not only will you have greater peace of mind, but you will also be more willing to help customers with their many problems if you know that you are financially protected with proper insurance coverage.


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Dog Bite Liabilities

For Pet Owners, the Right Insurance Is Essential

If your beloved dog should be involved in an attack of any kind, the legal ramifications can become quite expensive, especially if any medical treatment is required for the parties involved. In these cases, insurance may be necessary to protect you against any legal fallout stemming from dog bites and the like.

Why You Need Dog Bite Insurance

It’s common knowledge that even the most well-behaved dog may react aggressively in certain situations. This is particularly true in areas with an abundance of small children, who may not express the utmost care when encountering unknown animals.

Because this can be a common occurrence, all dogs owners are encouraged to implement some form of insurance related to dog bite liabilities. For a relatively small fee, owners can rest easy that they will remain covered, no matter what occurs.

Conventional Coverage May Not Be Enough

Even those with existing homeowner’s insurance may not be covered in the event their dog attacks another person or pet. Many policies fall short of such coverage, which may not be evident until it’s too late.

By instituting a dog bite policy, you will be afforded essential funding in case an incident does occur. This financial support can help pay for defense costs, as well as any medical expenses that may be incurred as a result.

Protect Both You and Your Pet

While dog bite liabilities can be stressful, the right insurance policy can help you ward off the often exorbitant expense associated with such incidents. These policies are suited to virtually every breed, and can spare you from an increased financial burden resulting from a single attack.


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ATA Carnet Insurance Can Protect Valuable Items During Importation

ATA Carnet Insurance Can Protect Valuable Items During Importation

When temporarily importing goods into a foreign country, a Carnet can be a great way to lessen customs fees, as well as expedite the importation process. For those entities involved in the temporary importation of goods, ATA Carnet insurance is essential to remaining confident that all items will stay intact on their travels.

What Type of Goods Are Covered?

Due to the unique circumstances involved when utilizing Carnets, only certain types of goods can be accepted. These include:

Commercial Samples – This category can cover a variety of items used to demonstrate a specific product or brand, from medical apparatus to items needed for trade shows and conferences.

Exhibition and Fairs – When participating in exhibitions or fairs, a Carnet can be useful for the importation of any items necessary for those purposes.

Professional Equipment – Virtually any item needed for professional usage can be accepted under this category. Common items include surgical instruments, sporting goods, and even equipment used during photo shoots and film production.

When it comes to prohibited items, any item intended on being used/consumed during importation, are not allowed on Carnets. This includes all perishables, as well as things like pamphlets and handouts.

Protect Valuable Goods With Suitable Insurance

ATA Carnet insurance is an ideal option for a number of business owners with unique customs needs. This insurance will protect valuable goods essential to your business, which is important for maintaining a thriving enterprise all over the world.


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Linen Supply Companies Insurance

Three Top Reasons for Targeted Linen Supply Companies Insurance

Each industry has liability risks that are specific to the type of services performed. General business policies cover common issues but may not be sufficient to meet the needs of your dry cleaning company. Following are three top reasons to seek targeted coverage in linen supply companies insurance.

1. Specific Coverage Provided

Since your business deals with handling the property of your clients, customer goods need to be listed on an unlimited basis. Disappearance of goods should be addressed as well as storage issues. Soil contamination coverage is necessary due to possible damage by cleaning solvents. Targeted policies also deal with new risks like data breaches and industry changes such as the shift to more green products.

2. Tailored Comprehensive Package

To properly address the needs of linen supply companies, insurers offer comprehensive packages that include the following:

  • General liability
  • Property
  • Business auto
  • Boiler and machinery
  • Workers compensation
  • Umbrella
  • Pollution liability
  • Business interruption

Business interruption insurance should take into account loss of income caused by disruption of utilities.

3. Improving the Bottom Line

Insurance agencies that specialize in the dry cleaning industry have developed policies and risk management programs designed to benefit businesses in the field. Targeted linen supply companies insurance minimizes the cost of claims through coverage of exposures not listed in conventional plans. With specific issues properly addressed, your companys financial outlook can be greatly improved.


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Instituting a Culture of Safety and PA Workers Compensation Insurance

Instituting a Culture of Safety and PA Workers Compensation Insurance

It’s a well-known fact that employers who emphasize safety and make safety a top priority usually have better success when it comes to reducing injuries in the workplace. This will also help greatly when it comes to reducing the cost for PA workers compensation insurance. One of the ways employers can help to obtain the assistance of their workers in accomplishing this is by instituting a program whereby employees are rewarded for keeping the company injury free.


For example, the employer can sponsor a monthly lunch for employees when no injuries occur during that period of time. In a years time the company may find that they have achieved quite a high percent of success rating, and supervisors can also be rewarded for following through, for example, by holding regular safety meetings.


Most supervisors are well aware that it could cost the company money whenever someone on the team becomes injured. But the supervisor may not know exactly how to go about preventing even some common injuries. Helping him or her to understand why and how the employer is impacted financially (as well as the reduction to the workforce) and this understanding will usually help to yield the desired results.


Make sure employees are fit for duty


Companies having one or more positions that are very physically demanding have an arduous task ahead of them. Arranging for a “fitness for duty” physical with an occupational medical provider can greatly benefit this situation. By sharing the job description with the clinic and describing the physical components of the job, the clinic can test the employee to ensure that he or she is physically able to do the job.


This assurance can yield some very positive results and may even prevent future injuries. Also, for an employee simultaneously taking Family and Medical Leave Act (FMLA) leave for his or her own serious health condition, an employer may require that a fitness-for-duty certification cover the employee’s ability to perform the essential functions of the job. However, any requirement that an employee obtain a fitness-for-duty certification must be clearly explained to the employee at the time the employee requests the FMLA leave and should be set forth in the employer’s written policy.


Having adequate amounts of PA workers compensation insurance and a comprehensive, well-managed workers’ compensation program can do more than simply save an organization financial woes; it can help keep employees safer and more engaged, and the business more productive.


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The Need for Consultants Wholesaler Professional Liability Insurance

A wholesale insurance broker is a licensed broker providing specialized insurance products to retail insurance agents and brokers, often referred to as retail agents, and supporting those products with specialized expertise. Retail agents representing consultants require a consultants professional liability insurance wholesaler to provide policies for this important sector of the business world.


The job of a professional consultant is to give expert advice to businesses and organizations they are hired to provide services to. Consultants often work with all types of organizations and industry sectors, including technology, marketing and non-profit companies. Consultants may also work as independent contractors and often work for several different clients.


Consultants are faced with many risks and exposures


A professional consultant is never immune to the possibility of a lawsuit claiming damage or harm because of a negligent act, error, or omission arising from the performance of an individual or firm’s professional work. This is due to the fact that the company is making decisions based upon their professional consultation, which is why they purchase protection, in the form of insurance, from an agent in case they come under fire for any advice they dispense.


When something goes wrong, errors & omissions (E&O) claims are what comprise most of the suits brought against a consultant or consultancy firm, and the main reason why coverage is so crucial. It is the responsibility of the agent to provide coverage options, which are sought from the insurance wholesaler, who utilizes specialty insurers (also called “markets”) who can consider accounts that the retail agent cannot place competitively with their standard markets.


A retail agent expects the wholesale broker to provide proposals for insurance and expertise for these specialized accounts because of their access to a wide range of specialty markets for professional liability placements. A viable wholesale agent can offer broad coverage for consultants that provide protection against claims alleging:


  • Improper documentation


  • Improper fact verification


  • Missed deadlines


  • Misrepresentation of facts


  • Breach of nondisclosure


  • Loss of data, improper procedures or negligent handling of data


  • Failure to prevent electronic theft of records and confidential information


  • Employee theft and sale of client’s trade secrets


  • Deliberate dissemination of false information


  • Violations of state and federal law, such as violation of right to privacy


Agents representing consultancy firms should take full advantage of the services of a consultants professional liability insurance wholesaler for many of their clients needs.

Selecting the Best Options for Alameda Business Insurance

Selecting the Best Options for Alameda Business Insurance

Every business owner needs to consider the array of Alameda business insurance products and services they might require in order to better protect their company and its assets. This often means aligning the company with an agency with access to many different insurance providers, coupled with the expertise to guide clients through various evolutions of insurance program designs geared to help with any changes or evolutions that might occur as their organizations develop.


Viable solutions are available, whether through reviewing deductibles, negotiation of partial self-insurance or loss sensitive programs, or ultimately to the consideration of alternative risk transfer vehicles, and the right firm can help provide high-quality counsel through all the various phases of growth and change.


The best brokers understand the risks being faced


A good agent is able to guide a firm through its renewal process and offer guidance, moving forward, in risk management practices and procedures beyond the placement of an insurance program. The insurance program purchased should be the most tangible representation of the company’s management of their own risk, but it should not be the core of any risk management plan. Sound fundamental practices and processes being instilled throughout the organization are the keys to helping manage and ultimately lower any overall cost of risk.


After all, a broker that is best serving his or her clients’ interest should not just be visible to them only during the months surrounding the renewal date. Most clients would agree that they depend on their agent to successfully re-evaluate their constantly changing needs and appreciate that type of focus from an agency the rest of the year, which has even more long-term value to them than the positive results they’ve come to expect at each annual renewal.


Some of the products and services to consider


The right insurance group can provide the following:


  • Commercial Property


  • Workers Compensation


  • Umbrella/Excess Liability Coverage


  • Errors & Omissions, and


  • Management Liability


These services should include a broad range of risk financing options, such as guaranteed cost, deductible or other partial self-insurance options, as well as captive insurance services, Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, etc., for publicly traded or privately owned companies. The agency should also provide relevant claims examples and quantitative data regarding purchasing habits of peer companies.


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NPO Insurance and Risk Management and Assessment

Most for-profit companies should conduct a comprehensive risk assessment as a critical part of their overall risk management process. The fact remains, however, that many non-profit organizations (NPO) do not take the time to perform a risk assessment for a variety of reasons, none of which is particularly feasible, given the downside of not having one in place.


For some it is a matter of not understanding or appreciating the benefits of such an exercise. In some instances, they believe they adequately understand their risk profile, while some others may feel they lack the resources to adequately perform the job. This illustrates the need for all not for profit companies to carry NPO insurance.


Taking steps to mitigate and control the risks


Because of the many exposures that they may face, non-profit organizations need to introduce risk assessment as a way of mitigating, and perhaps eliminating some risks altogether. The goals of a sound risk assessment program is to identify the nature of the broad array of risks facing many non-profits, and suggest a viable approach to finding some solutions to help allay those fears and concerns.


The role of the board of executives in understanding, evaluating, and assessing risk is essential to its success. It is the executive leadership that must set the appropriate tone, understand the dynamics of risk for any given organization, and come up with a clear philosophy on the organization’s approach to risk.


Goals of risk assessment


Nonprofit organizations face different types of risks than for-profit companies, but the goals of risk assessment should be similar and include the following:


  • To identify, analyze and prioritize legal/ethical misconduct and compliance risks specific to the operations and culture of the organization


  • To provide a basis for training and ethics programs, and for possible compliance


  • To develop risk mitigation and monitoring strategies


  • To identify areas where deeper internal reviews would be warranted


  • To develop a benchmark for ongoing risk assessment and measurement of the effectiveness of mitigation steps that have to be taken


Who is best suited to undertake risk assessment?


There is value to having an outside element involved in alleviating risk. This assures a fresh perspective is brought to risk evaluation and allows everyone in the organization to be evaluated without any potential for the self-interest of staff to color the assessment. NPO insurance is a vital component of any good risk management program.

Loss Claims and Contingent Cargo Insurance

Loss Claims and Contingent Cargo Insurance

Logistics professionals take on a very important responsibility when it comes to the safe arrival of goods and merchandise for their clients. Whether products travel by truck, rail, air or sea, contingent cargo insurance protects valuable cargo from a variety of potential losses. Whenever arranging a big shipment of goods for an important customer, it pays to have coverage in the event there are damaged, stolen or lost goods.


Failing to properly provide protection could greatly strain the relationship with that customer, not to mention any time loss, as well as any stress and resulting legal fees. Most businesses have a tough time bouncing back from these types of losses, unless they have the necessary contingent cargo coverage.


Policies are available for times when claims occur


The insurance industry has created a variety of insurance products in response to the growing third party logistics industry that are marketed to brokers as protection for cargo claims. For those not familiar with the type of contract obligations and duties assumed as a matter of practice by those who broker motor carrier and other methods of transport, many brokers assume the obligation for any cargo loss and subsequent damage claims.


It is well established that brokers must market their service in competition with asset-based carriers who, of course, take responsibility for such claims. In doing so, they typically assume various versions of direct responsibility for cargo claims. They may, for instance, sign a shipper agreement that makes them directly responsible for any claim. This would be the case only after the motor carrier denies or refuses the claim. They may also be held responsible after they have processed the claim with the motor carrier, and if, for a variety of reasons (i.e., deductions, exclusions, or limits) the claim is not fully indemnified to the satisfaction of the shipper.


Whether arranging for the transportation of goods across the nation or around the globe, there’s always a chance the product won’t make it to its destination or may become damaged in transit. Thefts, accidents and sinking ships can wreak havoc to the bottom line of any company. To protect against these losses, a customized contingent cargo insurance program is essential. Anyone who owns, manage or operates any of the following businesses should consider speaking to a commercial cargo insurance expert:


  • Transportation brokers


  • Freight forwarders


  • Importers and exporters


  • Logistics providers


Contingent cargo insurance has two objectives; it protects both the assets and the reputation of the business, and it enhances and protects relationships with customers.


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