All About Workers Compensation Insurance

workers compensation insurance in Virginia

As a business owner, it is important to know about the workers compensation laws in your area. For example, workers compensation insurance in Virginia may be different than in other states. However, for most employers, state law requires this insurance.

All employees are included under workers’ compensation law, including part-time, seasonal, temporary, trainees, immigrants and working family members. Minors are also eligible for workers’ compensation. For this reason, it is important to have insurance in case something happens to any of your employees, as it could cost a lot of money for you to cover costs alone.

There are many options available for workers compensation insurance in Virginia. You can use a commercial insurer, self-insurance, a group association or a professional employer organization. Although commercial insurance is not available through the Commission, it is available through other insurance agencies or carriers. The best source of insurance for your business may vary depending on a number of factors, so make sure that you look into your options before choosing a source.

An employer’s duty is to keep a well-organized record of all injuries or deaths in the business, as well as educate employees on safety and injury reporting, and notifying the insurer immediately upon notice of an injury. Look into an insurance plan that can assist with this.

Finding the Right Freight Liability Program for Your Business

freight liability programs

Whether your business is responsible for packing, forwarding or holding freight, you may be responsible for lost or damaged cargo. Sorting out these matters can be complicated and costly. Fortunately, you have an array of freight liability programs to cover you in the event of a loss, wherever you are in the supply chain.

Motor Truck Cargo Insurance

Even the most careful commercial truck drivers risk losing cargo to accidents or fires. In these cases, the carrier may be legally responsible for the damage. Motor Truck Cargo insurance covers the cost of freight carried in hired vehicles.

Packers’ Legal Liability Insurance

Proper packing and loading set the stage for successful freight transfer. Mistakes during this phase lead to substantial financial losses and may incur legal costs. Packer’s Legal Liability insurance covers you in the event of a freight loss caused by improper packing or loading. Plans frequently include legal fees and settlement costs.

Bill of Lading Legal Liability Insurance

Bill of Lading insurance protects you if your business coordinates product shipping without physically possessing the freight. This program protects Non-vessel Operating Common Carriers and Indirect Air Carriers by covering the cost of damaged freight and by covering legal fees and financial settlements.

There are many other options for freight liability coverage. A commercial insurance underwriter with experience in freight liability programs can help you choose the best coverage for your business.


The Basics of Importation Bonds

Importation Bond

Whenever foreign merchandise is brought to the U.S through shipping points, there are some specific procedures and regulations that must take place. One way this is enforced is through a Customs or Importation Bond. According to the CBP (Customs & Border Protection), a customs bond is used to ensure that an imposed obligation by a regulation or law is executed. This usually relates to the guarantee that import duties and taxes are paid and that all the laws and regulations governing the entry of that merchandise have been complied to. There are typically three parties that are affected by a bond contract. These include the obligee (CBP), the surety company and the principal (importer).

One type of importation bond is that of a drawback bond. Whenever goods are imported to the U.S. and then later exported, there is a principal who may have claim to a refund of duty. This is also referred to as a drawback claim. Accelerated drawback is the most common payment option and the refund is actually granted before the drawback claim is liquidated. A drawback bond helps to guarantee that the CBP will receive full repayment of any overpaid drawback.

If ever you aren’t sure how to insure your transportation of goods, it’s always best to consult with a professional.

What Happens After a Car Accident?

Auto Insurance Virginia

If you have been in a car accident, whether at fault or not, you are probably a bit shaken up. Any accident can be traumatizing and your emotions can take hold of you. However, after the accident, it is important to remain as calm as possible and follow a few steps so you are prepared to file a claim with your car insurance in CT.

Call the Police

One of the first things you should do after the accident is call the police so an accident report can be made. You will also want to assess any injuries and determine if the paramedics or an ambulance is needed.

Record What Happened

While the accident is fresh in your mind, recount exactly what happened. This will be important for the accident report and when speaking with your insurance company to determine who was at fault and is responsible for the damages. If there were any witnesses to the accident, you can ask them to share what they saw happen and request contact information.

Call Your Insurance Company

Within a day or so of the accident, you should call your insurance company to file the claim. From there, your insurance company can help with damages to the vehicle and possibly aid in medical expenses.

With proper coverage from your car insurance in CT, the aftermath of a car accident does not have to be stressful. A good insurance company will take care of both you and your vehicle.

Protect Your Agency with Staffing Insurance

Staffing firms have an essential and unique role to play in today’s global marketplace. As more and more companies rely on contract workers to help fulfill deadlines and meet their business needs, the demand on staffing agencies will likely continue to rise as they provide vendor management services. Due to the specialized nature of the staffing industry, agencies need an insurance plan that can cover their distinct risk profiles.

Choose a Provider that Knows the Industry

General commercial liability insurance may leave your staffing business hanging out to dry if your insurance provider isn’t familiar with the industry. An insurance plan that specifically covers the staffing industry will be able to provide the custom policy you need. An agent familiar with the ins and outs of the business can answer any questions and ensure that your policy mitigates your exposure to risks adequately. From vendor management services to industry trends, the right insurance provider will have you covered.

Provide Value to Your Clients

Increasing your business’ client base is always a top priority, and having the right insurance shows potential clients you have everything under control. An insurance provider that focuses on the staffing industry is able to alert you to new industry trends in an effort to ensure proper coverage. The less risk your business faces, the better off your clients will be.

Choose a staffing-specific insurance policy to protect your clients and your business.

Make Sure Your Liability Coverage Covers a Regatta

California yacht insurance

Hosting a regatta at your yacht club can be an exciting adventure; however, it is important to make sure your yacht club liability coverage will cover the event. Nothing will put a damper on the festivities faster than having two or more boats collide, and then finding out that your yacht club is not properly covered to hold the regatta in the first place. Having the proper liability coverage in place will provide peace of mind for everyone involved in the regatta.

Are the club’s assets protected during the regatta? Will the volunteers and yacht club staff be covered during the regatta? What extra coverage must be carried by non-club members during the regatta? These are some of the questions that should be considered when reviewing your club’s regatta coverage.

While going over your club’s insurance policy, it is a good idea to, also, review the other liability coverage in your policy. Everyone in the club will be working hard to make sure the regatta happens smoothly, but accidents might occur outside the area of the regatta. A thorough review of your current yacht club liability coverage will ensure that your club is protected against lawsuits that might result from the regatta’s activities. An insurance company experienced in providing regatta insurance can help you make sure your club is properly covered for the regatta, leaving you with one less thing to worry about.


Protecting Yachts Old and New

California yacht insurance

Golden state yachters are faced with variety of risks and responsibilities unique to their position as owners of pleasure craft. While some policies are recognizable from common insurance policies like auto or general liability insurance, there are also some losses that only specific California yacht insurance policies mitigate. Examples of these special items are personal effects coverage for the luxury items that you store or use on your craft. You also might need to have insurance to cover those who run or maintain your yacht.

One thing to keep in mind is boats over 10 years old, as well as those over a certain length, might need a survey. A marine survey is an impartial and exhaustive examination of your boat. California yacht insurance companies use this information to determine the seaworthiness of the vessel and the cost of the premiums. You can make good use of it too. It acts as personal assurance that you are in a safe craft as well as helping you predict what types of maintenance costs might arise in the near future.

Yachts old and new alike require full coverage for you to operate with peace of mind that you need to enjoy your time on the water. Make sure to inquire with an insurance agent as to any specific requirements for the application, such as surveys.

3 Reasons the Right Staffing Insurance Can Increase Your Business

staffing insurance

Employee-related exposures represent among the highest potential for loss a business can experience. Because they have little control over the way the client company uses the employee, circumstances may be even worse for staffing agencies. A good insurance policy can help you to manage the risk involved. Here are three reasons why your business increases from having the right staffing insurance.

1. Increased Client Confidence

When a client knows that you have staffing insurance, they know you’re doing everything you can to manage risk. It also demonstrates that you’re a realist because you know that one bad situation can take a company down.

2. Increased Employee Confidence

It can also help potential temp employees to feel better, knowing that they’re covered if problems arise. Staffing agencies can get ahead of the competition by always providing the best workers. The way to consistently recruit the best candidates is by creating confidence in your company.

3. Increased Client Pool

It doesn’t matter if everybody knows you’re the best agency in town if the corporate shield blocks you. Many organizations are only be allowed to work with your business if you have insurance.

A professional agency is always organized. Having a good insurance policy shows that you have attention to detail; your agency doesn’t leave things to chance. If you find an experienced insurance company, you might be surprised by how much staffing insurance increases your business.

Steps to Get Business Insurance for Banks

Business insurance for banks

Business insurance for banks can save you time and money in case of an accident or a crime. The steps you will need to take to get this type of insurance include talking to an agent, going over your risks and signing the paperwork. After that it is just a matter of keeping up on payments and keeping your agent apprised of any changes you make to your company.

The first step is to talk to an agent to go over your risks and your options. Your agent can help you determine how much insurance of what kinds you are likely to need, based on the circumstances of your financial institution. There will be some industry basics as well as some basics that any company will need such as general liability or professional liability.

You will then want to go over the paperwork that you are given to make sure that it reflects what you have discussed and your expectations. After that you can keep up on payments and be as insured as you need to be.

Business insurance for banks can be easier to get than you think, especially if you work with an agent. Your agent will be able to take you through the steps which are unique to your situation as well as help perform risk management. He or she can also help you find the right coverage and make changes over time.

Understanding General Liability Insurance for Your Staffing Agency

Most businesses have general liability insurance as a default source of coverage and financial support. However, for you and your staffing agency, this type of insurance might function a little differently. These types of businesses often have unique needs, and understanding how staffing agency insurance works is crucial to keeping your business (and bank account) safe.

A few things you should know about general liability coverage in this field include:

  • The coverage will provide you with legal services in the event you’re accused of causing issues with the placement company or the temporary employee you’ve hired out.
  • It helps you out when there’s accusations regarding physical harm to either the employee you’ve placed or the property of the company they’ve been placed in.
  • Covers issues revolving libel, slander, copyright and other written infringements on laws and policies.

Seeing to the needs of your clients and your employees is a must if you really want to run a successful staffing business, and having the right staffing agency insurance is the best way to get this done. While there are several supplemental types of insurance you may need to keep things completely professional, a general liability setup is always a good place to get started. Speaking to a professional can help you determine what other sorts of protection you need and get your weak spots covered immediately.