Archives July 2015

Select the Right Vendor Management Services for You

Vendor management services aid in streamlining the process of securing quality workers. In your endeavors to find the right workers you must first enlist the proper management services. There are a few steps that you can take to aid in your selection process.

  1. Map it Out – You should develop a clear picture of the services that you need. Take time to map out, or rather make a list, of the services that you need, as well as any additional services or perks that you would like.
  2. Research – Take time to research the different providers that you are considering. In making sure that you are dealing with a legitimate company, there are a few things that you should look for:
    • Longevity in the industry
    • Knowledgeable of and experienced with the management system
    • Strong client relations

    You can find these pieces of information and more through an internet search.

  3. Compare – You can start by comparing the different options with the list of things that you need. This will help to narrow down your options. If you are still torn between providers, compare them by taking a close look at their offerings and use your findings to choose the best option for your business.

With vendor management services being an important part of operations it is critical that you select the proper provider. By following the aforementioned steps, you can be sure to do just that.

How Accountants Professional Liability Insurance Provides Financial Security

Accountants perform many services for their clients, from examining financial records to conducting audits. In the event an accounting professional commits an error, a client may choose to file a claim against the professional or accounting firm. In this situation, accountants professional liability insurance provides the necessary financial protection.

Why Clients File Claims

Most service-providing organizations require some level of professional liability coverage. Clients sue businesses for numerous reasons:

  • Bodily injury
  • Property damage
  • Negligence
  • Misrepresentation
  • Poor or inaccurate advice

The list of potential motives goes on and on. Businesses that work closely with clients have a range of exposures, and the absence of insurance leaves them highly vulnerable to legal claims. Though the chance of a claim arising is relatively small, there is no way to be too prepared. Accounting firms gain financial security when they acquire accountants professional liability insurance.

What Professional Liability Insurance Covers

During a lawsuit, accounting firms face various court, attorney, and settlement fees. Depending on the case, the professional liability insurance may cover part or all of these costs. Coverage does not extend to fees associated with criminal prosecution.

Accounting firms maintain close relationships with their clients. In many ways, this bond proves good for business, but it also leaves firms with numerous exposures. With accountants professional liability insurance, accounting firms can maintain strong client relationships while still keeping themselves financially protected.

Will Online Marketing Help Your Insurance Agency?

For several years, insurance agencies have used cold calling tactics to increase their sales. While this method is still used, there are many other insurance marketing tools that can easily promote your business. When you use online marketing methods, you are likely to experience success.

Reach More People

Today’s online insurance marketing tactics will help you reach more people. When you cold call a potential customer, you only reach one individual. Using social media, you can reach multiple people through small efforts. You have the potential to connect with your customersU personal networks as they comment, share, and like your content. In time, people will naturally seek your services because your brand awareness is higher.

Improve Your Efficiency

It can be time consuming and costly to cold call potential customers. With online insurance marketing tools, you will be able to identify more people who are likely to purchase policies. This means you will waste less time trying to contact cold leads.

Close More Sales

In addition to improving efficiency, you will have a better chance of closing more sales. After all, people who are connected with your insurance agency online are more likely to purchase your services.

If you are tired of cold calling customers with little success, then it might be a good idea to market online. With a little effort, you can improve your brand awareness and grow your sales.

3 Ways Life Insurance Benefits Your Family

As you do the research to get life insurance, you may be wondering just how a Connecticut life insurance policy will benefit your family. There are many benefits your family could have, but 3 of the common ones are no worrying about death related expenses, annual income and help with one-time expenses.

Expenses

At the time of your death there may be medical bills, funeral costs, estate taxes and other expenses that pile up. If you have life insurance, your family doesnt have to worry about paying for these things. It will all be covered in your policy.

Annual Income

Even when the day to day bills come up, your family may not have to worry. Your Connecticut life insurance policy can cover years worth of annual expenses. That means loan payments, utility bills, mortgage payments, car payments, clothing and food expenses and so much more can be covered by the benefits of your life insurance.

One-Time Expenses

If you have kids, you can set up your policy to help cover their college tuition or wedding expenses. If you know that your spouse will have to move or remodel the house, you can put some extra money in the policy to cover a down payment or remodel costs. You can also help pay for your spouses retirement.

Peace of Mind

No matter what sort of policy you get or how much coverage you have, you and your family can have peace of mind knowing that in the wake of your death there will still be financial stability.

Why Do Insurance Agents Need E&O Insurance?

Numerous businesses rely on providing some form of service in order to remain profitable. However, mistakes can happen just like with anything else. It is just that in the professional world, an honest mistake could lead to financial loss for a client or another company. Even insurance agents could make a mistake on a client’s policy, leading to financial loss for the individual. It is for this reason that e&o insurance for insurance agents is highly recommended so that you will be protected in events like this.

What Could Happen?

Even making just a tiny error on a client’s insurance policy could lead to him or her filing a negligence claim. Obviously you never intended to cost the client any amount of money, but mistakes can still lead to loss of finances. You could be sued and stand to lose a lot of money if you are not protected. In the event of a lawsuit, errors and omissions insurance could help cover some or all of the damages. This type of insurance can also help you pay for your legal defense.

Get E&O Insurance Today!

Just because you work in insurance does not mean you cannot go without insurance yourself. Operating a business without it could cost you severely in the future. In the event of an unforeseen mistake, make sure you are covered with e&o insurance for insurance agents.

Budget for Nursing Home Insurance Rates

As a business owner running an elder care facility, you have to budget for many items, including payroll, your building and the associated costs of running it, company vehicles, and insurance to protect your assets. There are many factors that affect each area, and in order to run a tight financial ship, you have to carefully consider each line item. It is helpful to discuss your insurance needs with a professional agent who can help you find the nursing home insurance rates that will protect you from emerging and existing risks, and at a cost you can afford.

Coverages You Need

In order to figure out dollar amounts for your specific nursing home insurance rates, your agent will need to assess what types of coverage your operation needs. For example:

  • If you transport patients and residents in vans or personal vehicles, you’ll need automobile coverage.
  • If you own your building, you’ll need insurance to protect its real estate value.
  • For your employees and board members, you’ll need Workers’ Compensation coverage and liability insurance for officers and directors.
  • If you have a beauty shop or barber on your premises, you’ll need barbers and beauticians coverage.
  • You should also discuss crime insurance, excess liability, and boiler/machinery insurance to see if your facility should have these policies.

Once your agent understands the specific risks associated with your operation, he or she will be able to provide nursing home insurance rates to align with your budget.

How to Get Insurance for Your Motorcycle

If you have a motorcycle, then Martin Financial Group can help you find the right insurance for your needs. Before you look for a plan, it is important to gather specific details about the motorcycle like the model, make, and year. You should also find the VIN number. Once you have this information, you can find the right plan for you.

Determine Your Coverage

Purchasing motorcycle insurance is similar to purchasing car insurance. You are usually required to have minimal liability coverage. Any additional coverage will add extra protection for your and your bike on the road.

Look for Discounts

Some people qualify for motorcycle insurance discounts. These discounts are sometimes available in you belong to a riding association or have taken a safety course. It is important to have documentation available so your insurance agent can apply the discount.

Compare Policies

With the help of Martin Financial Group, you can compare policies. This will help you find the best price.

Sign Up and Pay

Once you choose the right policy for your needs, you can sign the contract and make the initial payment. During this process, make sure to ask your insurance agent if you have any questions.

With the right motorcycle insurance, you will be protected financially in the event of an accident. This way you can have peace of mind on the road.

The Top 5 Types of Logistics Insurance Policies

When you’re looking for the best logistics insurance coverage, where do you start? With so many different insurance policies available, figuring out what you need to fully cover you can be a major source of stress. The first step in getting the right coverage is knowing what categories of logistics insurance are out there.

Here are 5 of the most common types of logistics insurance:

  1. Commercial General Liability: As one of the most widely used policies, this protects you from being liable for personal injury as well as property damage, both on your company premises or off.
  2. Errors & Omissions: With lawsuits and settlements happening constantly in today’s world, this type of insurance that provides coverage and help with any legal issues that may arise is vital to your company.
  3. Commercial Property: Natural disasters and accidents are things that cannot be fully protected against, no matter how well prepared you are. With Commercial Property insurance, you property can at least be financially protected in the event of an accident or disaster.
  4. Workers’ Compensation: As a required policy by law, this is something that legally needs to be in place before you do business with any employees.
  5. Marine Cargo: With so many doing business dealings overseas, Marine Cargo insurance is on the rise and can fully protect you from damaged or lost goods, as well as other things.

Having the right logistics insurance coverage can do wonders for your business. Rest assured that you will be covered no matter what comes your way and get a quote today.

The Staff Insurance Difference

Some individuals feel that a general insurance policy is enough to cover their businesses. However, this mindset could leave them completely uncovered in certain situations. There are a number of perks that come along with putting a staff insurance plan in place.

Protect the Business

Employees are an intrigal part to the continued success of many businesses. As such, their actions tend to have major effects on a company. Having a plan in place that covers employees’ actions helps to limit the effects that it can have on the business as a whole, saving time, money and other resources.

Employee Morale

Having quality insurance in place shows that you care for your business and your employees. Studies have shown that when employees feel appreciate they have enhanced production and stronger morale. This also helps to increase their loyalty to the company.

Knowledgeable Resource

When you select your insurance plan you not only gain access to the plan benefits, but you also gain access to the insurance agents. Qualified agents are a wealth of knowledge and understand the ends and outs of your policy, the claims system and the proper filing process. As such, they can be very helpful no matter what stage you find yourself in.

With such benefits it is clear to see what a difference a quality staff insurance policy can make. Learn more by contacting your local insurer.

SEO for Insurance Companies: The Whole-Site Solution

Search engine optimization, or SEO, is a complex process that can involve many different tactics in its development. Most people who are aware of what it is and what it is used for are familiar with the fact that it involves keyword placement, but not everyone understands how to develop that into a long-term strategy. If you are using SEO for insurance marketing, it is important to partner with a firm that not only understands that strategy, but that also has experience putting it to work within your industry.

Website Optimization

There are a lot of companies that offer to optimize your site, but they tend to mean different things by that. If you are looking to develop your brand into an industry leader, here are the techniques you want to look for:

  • Blogging or knowledge base development. A large site with lots of useful information has more to index, and that means more opportunity to be featured at the top of a search.
  • A regular updating strategy. Search engines love new information, and they change their algorithms regularly. Both of these things require regular updates to your content.
  • Prominent calls to action in relevant areas and clear landing page copy. Both of these things help show the customer where to go and what to do when they get there.

Put it all Together

SEO for insurance companies needs to be focused on the content, because the product is complex and educating the customer about their purchase is a key element in upselling. Finding a company that focuses on these items, along with high-quality design and robust keyword management strategies will take your web engagement to the next level.