Homeowners Insurance Basics



If you’re new to home insurance in Connecticut, it may seem overwhelming to understand everything that a policy entails and how it benefits you. To help you understand this vital coverage, here are a few homeowner’s insurance basics to get you started.

What does Homeowners Insurance Provide?

A homeowner’s insurance policy helps cover costs related to property or personal damage resulting from fire, flooding or other natural disasters, loss or damage to your personal belongings and liability protection if you’re ever sued for damages sustained while on your property. There are other types of coverage offered depending on your needs and can often be tailored for you.

Why do I Need Coverage?

One of the most common reasons people need home insurance in Connecticut is because it’s required by law or their mortgage company. However, having coverage is handy because it offers you peace of mind knowing that if something were to happen, you won’t go broke trying to cover any associated costs.

What Coverage Do I Need?

Coverage can vary from one policy to another and there are different levels of coverage. You can have actual cash value coverage, which covers your home plus belongings after depreciation and replacement cost coverage which covers the actual cost to replace your home or belongings without considering depreciation. The more coverage you can afford to provide for your home the better off you’ll be if something ever happens.

Where can I get Insurance?

There are many brokers that offer homeowners insurance. Shop around to see who has the best coverage for your specific needs.

Understanding home insurance in Connecticut doesn’t require an advanced degree. If you can understand these basics, you should have an easy time finding the right policy for your home.

Protect Your Investment by Properly Insuring Your Antique Classic Car

antique classic car insurance

If you’ve devoted time and resources to restore your classic vehicle, you owe it to yourself to protect your investment. A standard auto policy cannot provide the unique coverage options required. Additionally, regular auto policies cost more and are more restrictive. While the premium for antique classic car insurance is ultimately determined by each state, there are typically a few main components that are included in your annual premium. Collision, comprehensive, and physical damage coverage make up the bulk of the premium, though your car’s age and value will be factored in. Also, if you have a collection of classic cars, the majority of insurance companies offering this insurance will provide you with discounts.

Insuring your antique classic car properly will enable you to use your prized vehicle for business purposes, show it in auto shows and parades, and allow other people to take it for a test drive. Further, if you are a true enthusiast and have specialty tools, tool storage units, accessories, and/or automotive memorabilia and ornaments, you can purchase coverage for these items as well.

Protecting your investment in your beloved vehicle with antique classic car insurance is a decision you’ll never regret since it’s the most cost-effective way to meet all of your unique car insurance needs.

Keep Your Business Protected at All Costs

Running your company, and running it successfully, requires a great deal of work on your end. All your energy goes toward ensuring your business stays above water at all costs. Any set back can ultimately end up being detrimental to your company, which is why proper insurance for your business is an absolute necessity. An insurance company with suitable professional liability coverage for your company is as crucial to your success as just about anything else.

Essentially, if your company offers services to others, you run the risk of facing significant professional liability exposure. You want an insurance company that will work with you to vastly improve your overall risk profile while reducing your costs. This is all done by evaluating your specific exposures and what will best minimize your risks. In the event of a claim, you want the best coverage possible so that you don’t face crippling fees and costs related to defending your company.

Any insurance company with professional liability coverage options needs to be able customize a liability coverage plan to match your needs. Don’t hesitate to reach out to a trusted agent today to get the ball rolling on finding the right coverage for your business. Take the steps necessary to keep your business protected at all costs.

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.