Archives October 2012

Nursing Home Insurance Can Really Save You

It is not a light responsibility to take care of someone else. It takes a lot of responsibility, and to take care of many people at the same time requires good business skills, leadership skills, employees, and even insurance. Having nursing home insurance can really save you if things happen to go wrong. It doesn’t even have to be a devastating event. Something going wrong could mean many things, such as a worker spraining an ankle on the job or someone breaking into a building after hours and stealing an item or two. Whatever the case may be, with the right insurance policy you shouldn’t have to fret about making up for the monetary loss out of your own pocket.

There are many things to consider when choosing your insurance policy. An insurance agent may be able to help you assess any certain risks that may apply to your particular business. If you have a business vehicle, for instance, you may want to consider getting it insured. If crime such as theft is a big worry to you, you might consider getting coverage for that. Getting worker’s compensation can help you if an employee is injured while working, and getting excess worker’s compensation can help you if your normal compensation is not enough.

If you are confused about what sort of nursing home insurance coverage you should get, you should be able to ask someone in the know like an insurance agent. For information regarding such policies, visit Caitlin Morgan.

Protect Your Company With Staffing Industry Insurance

When looking for staffing industry insurance coverage, it’s important to know that general liability policies may not be written to cover temporary employees or employees that go to work at another client’s location. Finding insurance to specifically cover the unique needs of a staffing company can be important for protecting the financial well-being of your company. In order to reduce your liability, it may be necessary to obtain several different types of coverage that will give you protection for varying types of liability. Finding yourself under-insured in the event of a lawsuit can be devastating to your business. Learning your options and obtaining adequate coverage for your staffing firm may be necessary for remaining financially stable.

Understanding what your general liability policy covers is important in determining what additional coverage you might need. Employment practices liability coverage can protect you in the event of a claim involving discrimination, harassment, wrongful termination, or retaliatory acts. Nearly 75% of lawsuits against companies involve some type of employment dispute, making employment practices liability an important coverage to have. When considering staffing industry insurance coverage, another type of coverage to consider is errors and omissions insurance. This coverage provides financial protection in the event of mistakes made by employees that you hired. If an employee makes a mistake that costs a client a financial loss, that client may seek compensation from your company as the hiring agent. Because staffing agencies are not able to directly oversee employees working in other locations, this can be critical insurance coverage to have. Many other types of staffing industry insurance coverage are available to offer you protection for your unique exposures. Finding the right coverage can protect you from catastrophic financial liability.

If you are looking for insurance coverage for your staffing company, visit World Wide for more information.

A Guide To Surety Bonds

No matter what kind of contractor you are, you should have New Jersey surety bonds for your projects. There are a wide variety of bonds that you may need, and getting the right one for the right job is important so you are protected.

New Jersey surety bonds are essentially a contract where a surety company says the contractor will comply with state contractor laws, and will not violate them in a way that could result in customers, suppliers, or an employee of the company filing a claim. It’s not the same as an insurance policy, because the contractor is still liable for obligations and will be required to repay the surety bond if the bond issuer incurs a loss, but it is an added level of protection for those doing business with the contractor.

There are dozens of different surety bonds in New Jersey that protect people who enter into business contracts with different types of companies. They can protect consumers, suppliers, and business partners from fraudulent activity or unethical business practices. To identify which types of surety bonds are required for your business or your next project, check with the state office. In some cases, you may not be required to have surety bonds, but it may be a good way to get some extra protection and be able to put consumers at ease when they work with you.

Bonds can protect you and your consumers. When you’re ready to get New Jersey surety bonds, contact Vreeland Insurance to learn more.

Injury Management Assessments Can Reduce Worker's Compensation Costs

After payroll, Worker’s Compensation is often an employer’s next greatest employment expense. When an accident occurs within your business, it can cost your company a lot of money. Direct costs of an accident might include paying for an employee’s medical expenses, Worker’s Compensation payments, legal proceedings, and repair of property and equipment. In addition to those direct costs, indirect costs such as loss of productivity, loss of manpower, decrease in morale, hiring and training replacement personnel, accident investigation, and corrective measures can add up to significant costs for each and every accident, especially one that includes an injury. Injury management can help an employer reduce injuries and illnesses that are job related and help reduce associated costs if accidents do occur.

Controlling expenses associated with injuries and illnesses in the workplace can not only decrease expenses, but decrease liability exposure and decrease your Worker’s Compensation premiums as well. Worker’s Compensation premiums are based on your company’s accident record, claims payouts, and programs you have in place for accident prevention and back-to-work support. An injury management assessment can pinpoint trends in injuries to provide strategies for preventing them from occurring. Assessments can also help you establish programs for employees to return to work more quickly, either with restrictions or with accommodations to help them perform their jobs. The fewer accidents and injuries you have in your workplace and the faster an employee can return to duty after an accident, the greater your expenses can be reduced and your productivity increased. A detailed review of your Worker’s Compensation related claims, along with plans for improvement, can help you reduce injuries and save money.

If you would like to receive an injury management evaluation to help improve your workplace practices and reduce costs, visit the Sinclair website for more information.

Taking Care Of Your Employees

In most states, any company that has employees is required to maintain workers compensation insurance. Pennsylvania is no exception. If you are a business owner, you will want to find the right workers compensation PA policy that is the best for your business.

Workers Compensation insurance is insurance for your employees. It covers your employees when they are injured on the job or becomes sick because of the job. A good workers compensation insurance policy will be able to cover any medical costs or rehabilitation costs that result from a work related injury. A workers compensation policy should also pay the employee for lost wages, and possibly permanent disability wages. If needed, it can even pay death benefits. An employee will feel more comfortable knowing that they will be covered if anything happens to them on the job. Accidents can happen anywhere, so it is important for a company to be prepared to help their employees deal with anything that may come up.

Although it is a state law for employers to carry workers compensation insurance, there are many Workers Compensation PA policies to choose from. Not all companies need the same type of workers compensation policy. You will want to decide what things you need in a workers compensation insurance policy, and then you can look around to find one that will suit the needs of your company for a reasonable price.

Click here to know more about The Dryfoos Group.

Tips On Finding The Best Rigging Insurance

When you operate a construction site and have a need for rigging insurance to cover your biggest (and often most expensive, and most critical) equipment, it can be difficult to know what kind of coverage is available. The reason is that most insurance companies don’t have products specifically designed for this type of coverage. Here are a few of the things you should look for when shopping for insurance for your rigging.

First, it’s a good idea to get a general liability policy. This is true for every business, but be sure that your policy specifically addresses and covers some of the things that are unique to the rigging and heavy construction industry so you’re not paying monthly premiums for a policy that will not even pay out should you need it, because it’s missing coverage.

Second, when you’re buying rigging insurance, find out if you can get coverage for mobile equipment. Most companies assets are contained within their business site, but with construction your most expensive and valuable assets are away at the sites where you’re doing the work. Be sure the policy extends coverage to this mobile equipment as well as the assets that are stationary at your business site.

Finally, look at the specifics for the workers compensation policies and commercial auto. These are offered in most commercial insurance, but be sure they have specifics that extend coverage for the unique situations your workers and vehicles will be in as part of a construction crew.

Getting coverage does not need to be a hassle, as long as you’re working with a company that understands the rigging, crane, and heavy construction industries. For more information about rigging insurance, visit The Rubin Group.

Habitational Insurance for Commercial vs. Residential Property

Multiple residence property owners have the daunting task of monitoring and satisfying the needs of a number of tenants. This comes with a slew of specialized risk management concern as well. Ownership of residential properties such as apartments, condominiums, and student housing creates a series of unique risks. As such, some research may be in order to procure the appropriate insurance for the properties being managed. Because different types of properties have different types of exposures, ensuring adequate limits and proper coverage can be challenging.

In addition, there may also be a need to keep track of multiple projects and policy expiration dates, which can be extremely overwhelming. That’s why it’s important to have a specialist to aid in finding the right types and amounts of insurance.

The basic insurance needs for anyone owning Habitational properties is general liability coverage, in case of tenant injury or losses caused by: fire, wind, storms, theft, and malicious damage or vandalism by the dwelling’s tenants. Additionally, depending on the location, flood insurance is recommended. A well-crafted Habitational and commercial property insurance policy can protect in light of any or all of these risks.

Who should have property management insurance coverage?

Anyone involved in any of the following activities should speak to an expert who understands the unique insurance needs of property managers:

Renting or leasing real estate to others
Managing real estate for others
Selling, buying or renting real estate for others

Commercial properties carry some of the same risk factors as residential properties

If you are a real estate investor, but choose to focus on commercial properties rather than residential properties, you also need properly secured Habitational and commercial property insurance policy that is designed accordingly. Just like residential property, general liability and catastrophic event coverage should be purchased. However, when it comes to commercial property, you need to also look at carrying environmental and/or pollution coverage, commercial automobile coverage, or worker’s compensation coverage.

Whether the owner of only residential property, only commercial property, or some of each, working with a professional Habitational and commercial property insurance provider to create policies that will cover all areas of risk is sound management. Such professionals can advise as to what coverage options are available, standard limits, and a variety of unique ways in which this coverage can best protect the properties based on its use and location.

Bullying and Cyber Bullying a Growing Concern at Schools

Bullying and its electronic cousin, cyber bullying, have emerged as major areas of liability for educational institutions. Many bullying lawsuits allege “deliberate indifference” as the factor in a school’s liability.

The legal standard, laid down in 1999 by the U.S. Supreme Court in Aurelia Davis et al. vs. Monroe County Board of Education et al., holds that a school is liable for damages if it fails to respond to known acts of harassment by one student against another student. This is considered creating an environment in which the victim is denied equal access to an education.

Schools may be held liable for not responding to claims of bullying, abuse

A school can be held liable if it is informed about the harassment and recklessly disregards the alleged perpetrator’s acts. At issue is the legal standard for many educational institutions where they must separate bullying from protected free speech.

There have been cases filed in which a school responded to the harassment, but did not go far enough to curtail the bullying in the view of the plaintiff. These cases show clearly that schools should carry insurance to aid in their defense when claims are made and lawsuits are filed.

With children engaging more and more in social networks via the Internet, U.S. courts find themselves handling suits that allege cyber bullying. Educational institutions are emphasizing loss prevention via: student and parent training and policies and incident reporting procedures. These measures will aid in prevention while also taking punitive responses that range from talks with parents to expulsion of student bullies.

School liability for bullying is expected to increase in coming years, largely because of the media attention on several troubling incidents. Among them was the suicide last year of a gay Rutgers University student, whose encounter with another male was secretly videotaped by a roommate and posted on the Internet. There was also the case of Karen Klein, a 68-year-old bus monitor being tormented and insulted on a school bus in Greece, a suburb of Rochester, New York, by four middle school students that became the center of national attention because one student videotaped the incident, which was also posted on the Internet.

Reducing in-person and electronic bullying at schools requires identifying and assessing the organization’s exposure to loss, instituting measures to reduce the risks, and buying liability insurance with appropriate terms, conditions and limits to absorb related exposures.