Builders Insurance 101

In the construction industry, you have to be careful. There are hazards that other industries do not have to deal with. Here is what you need to know about builders’ risk insurance and contractor’s general liability insurance. Builders and contractors need specific insurance solutions for the circumstances that they work in.

What Is Builders Risk Insurance?

When you work in the construction industry, there are insurance policies that will protect you. If you visit, it explains how builders risk insurance covers the contractor’s materials, property, and equipment. This coverage may help in the cases of:
It’s important to check your policy in advance to find out what is covered.

What Is Contractors General Liability?

The negligence for the builder’s risk falls under general liability insurance. These policies protect against accidents and any liability that you may have due to accidents. If you’re in the construction industry, then odds are you need general liability insurance for construction workers. In the construction industry, you are more likely to have risks of:
Contractor injuries
Property damage
This makes your need for insurance coverage crucial. It is particularly important to have specialized coverages.
When you work in the construction industry, there are inherent risks that you will not find in other industries. This is why it’s crucial to have coverages that take builders’ risk into account.

Turnkey Marketing Solutions for Insurance Carriers

Have you thought about how you’re going to grow your commercial insurance client base in the next five years? What about the next ten? The industry is getting more competitive as working across national borders becomes easier and more companies become global, so a clear strategy for attracting and developing clients will be a key survival trait for companies over the next decade. Luckily, marketing providers like have options designed to help insurance companies in all commercial niches grow.

MGAs and Wholesaler Marketing

Turnkey marketing services are the key to achieving ROI quickly and without huge investments in infrastructure, and the right telemarketing program using a list of known industry players with clear insurance needs can be a great tool when you’re using those services. Access to these lists of potential clients can help you profile the current players in an industry, and they can also give you some extra intelligence on the ones you’re working with if you haven’t had a relationship long.
The biggest reason for working with a provider to access these lists and build marketing programs? Since they’re commercial entities, they’re going to need insurance to operate, and they’re going to be interested in anyone who can help their bottom line. Get your marketing into gear today, and develop the plan you need to be growing consistently for years to come.

Creating a Successful Business Plan for Your Bar

If you are considering opening your own bar, you may be on the road to owning a successful business. As long as there are patrons looking to unwind, socialize, recharge and of course enjoy some tasty libations, then there will continue to be a demand for these types of establishments. However, like all businesses, success is easier to achieve when it is built on a solid business plan that addresses some important key factors.

Looking at All Angles

To get started off right, it can be helpful to bear in mind bar, pub & tavern business tips that have helped to propel similar businesses in the right direction. While the quality of menu offerings will likely be one of the biggest selling points that need to be prioritized, so much more must be accounted for behind the scenes. For example, the following are just some factors that the experts at RMS Hospitality Group advise their clients to consider:

Criminal activity that may occur on the property
How to recover from incidents of violence
Licensing for food and liquor
Injuries that may occur on the premises

When business owners take the time to be proactive and make the effort to be intuitive about the needs of their business, it can set the stage for future and ongoing success.

Having Proper Coverage for Home Healthcare Agencies

Home healthcare agencies that provide services to individuals within their home need to have home healthcare insurance. Here are a few reasons why this keeps both the workers and the individuals who use the services safely.

Home Healthcare Coverage Protects Workers

Workers who visit client homes to provide services could run into an incident that causes them injury. By having home health insurance, the company can provide worker’s compensation to the home healthcare worker. This can save the company money rather than paying out of pocket, according to

The Right Coverage Keeps the Agency From Losing Money

A home healthcare agency could get sued by a family if a worker is being accused of abuse or some other problem. Not having insurance coverage means the agency would have to pay out of pocket, and depending on how much the lawsuit is for, this could cost a lot of money. Having coverage offers a form of protection and can keep the agency in the business, rather than being forced to shut down.
Home healthcare insurance is important for any company that specializes in helping clients in their homes. It can protect the company against loss of money related to worker’s compensation and can help the company stay protected financially if someone tries to sue them.

The Coverage You Need in the Dry Cleaning Industry

If you work in the dry cleaning industry, you need to ensure that you are well prepared for any problems that may arise during your career. Having the right insurance is crucial to the satisfaction of your customers and the success of your business. To determine which types of coverage you need as a dry cleaning business owner, read the following tips.

Business Property Insurance

Business property insurance covers the various types of equipment in your business. These may include:

Commercial washers & dryers
Garment coverings

Property insurance can pay for repairing or replacing any items that have been damaged. Whether your business is impacted by a fire or a flood, it’s vital to have the resulting costs covered in order to keep everything running smoothly.

General Liability Insurance

General liability insurance covers many different types of risks. It can pay for the resulting damage associated with accidents that take place on your property, as well as any harm or injury that may be caused by the services or products you provide. This type of coverage is included in linen supply insurance, as described on

Equipment Breakdown Coverage

No matter what type of dry cleaning business you own, having equipment breakdown coverage is a must. If you can’t cover the costs of damaged equipment, your entire business is at risk. Be sure to look into the equipment breakdown insurance that meets your needs.

Compliance With the CCL Regulations

For larger ships and tankers carrying more than 2,000 tons of oil as a part of their cargo, the Convention on Civil Liberty for Oil Pollution established regulations requiring liability insurance. Taking this restriction one step further, the International Convention on Civil Liability for Bunker Oil Pollution Damage requires any boating vessel over 1,000 gross tons to carry a civil liability certificate whenever they move into open waters. This is a compulsory insurance requirement that ensures shipowners are held responsible for any oil pollution that occurs from their oil bunker. Bunker damage and leaks occur more frequently than pollution from oil tankers.

Prior Challenges

The requirements for insurance were fueled by prior challenges associated with demanding responsibility for cleaning pollution damage in international waters. Some of the issues included:

Flag states that did not enforce a judgment
No inherent right to pursue a legal claim in the state where the spill happened
Legal costs
Lack of sufficient insurance coverage by the shipowner

The responsibility of keeping the oceans and waterways free from pollutants is the responsibility of every ship owner, operator, and manager. Although the insurance and certificate of coverage are required, check with your policyholder on the extent of the financial assistance the policy provides. At a minimum, the experts at recommend coverage amounts that equal or exceeds the limits of the liability established by the ruling authority.

Be Prepared Before Crime Strikes

When creating an insurance program for your company, one of the last things you may be thinking about is crime prevention and protection inside your business. However, cybercrimes are up, staff theft is on the rise, and employees stealing inventory is a growing problem around the world. You can protect yourself with an insurance crime endorsement as part of a business insurance package, or as standalone coverage. It is always best to be prepared before crime strikes.


According to industry experts at NorthStar Insurance, having commercial crime endorsements in one of the best ways for any business to address the known risk linked to property theft. The policy can provide protection against forgery, embezzlement, robbery, misrepresentation, and fraud. Depending on the type of coverage you secure, other business-related protection is also available.


If you are a small business owner, you have more to lose when an employee commits a crime than when employees execute fraud against a huge corporation. In fact, as business crime grew last year alone, the estimates were that United States companies suffered more than $420 billion in losses from internal crimes, system abuse, and fraud.


You do not have to wait until after crime strikes your company to guard against internal misconducts. Instead, protect yourself by purchasing a commercial crime endorsement.

A Double Dose of Liability Protection

As a builder or contractor, you are probably in business for yourself. As a result, protecting your investment is very important. SB One Insurance recommends carrying two types of insurance to provide the most financial coverage in the event of a situation involving loss. These policies are general construction liability and builders risk insurance.

One Size Can’t Fit All

Unlike the work gloves or tool belts where one size might fit all, the risks and exposures of each contractor, the location, the materials, the cost, and the weather will all vary by the job site. With a general liability policy, only a part of these risks will be covered. These usually include injury on the property, damaged rental space, employee-caused injury or damage, and legal action for false advertising or libel.
In addition to general liability, builders risk insurance can fill in some of the gaps in exposure and risk associated with your operations. Coverage extends to the damage done to the property or your equipment for the following reasons:

Lightning strikes
Fire or explosion
External theft
Any vehicles that crash into the structure

To be sure your contracting company is well-equipped to handle the risks and exposures consider the benefit of a packaged policy concerning risk and general liability. It is always better to have too much coverage than too little.

An Overview of Financial Guarantees

A financial guaranty represents a promise that is made by a company or agency that will cover a business’s financial obligations in the event they are unable to pay for them. A financial guaranty insurance policy is the legal document that outlines this financial commitment. Because these are often complicated agreements, it is very important to understand how these policies work before agreeing to any coverage.

Involved Parties

These are three-party agreements. There is the party that needs insurance, or principal. There is the business that is requiring the insurance, which is the obligee. Then there is the guarantor, who is the underwriter, or agency that provides the financial backing.

Policy Coverage

This type of financial guaranty insurance policy will generally cover both the principal payment and any affiliated interest, but you should always ensure you completely understand any policy’s coverage. Many policies do not cover the full liability amount, just a portion. Always make sure you’re meeting any contractual requirements before securing a policy.

Common Arrangements

It is very common for a parent agency to offer financial guarantees for its subsidiaries, as it would allow a business to essentially invest in itself.
It is strongly recommended that you talk to a professional when making any large legal decisions involving your business, especially when it comes to insurance.

Top Telecommunication Installation Business Risks

Top Telecommunication Installation Business Risks

When it comes to telecommunication installation companies, it’s important to have adequate risk protection. This is where telecommunication installation companies insurance comes in handy. Here are some of the risks involved with telecommunication installation.

Office Damage

If your client sustains any damage to his or her office, you are liable. In some cases, a telecommunication contractor will not use firestop to plug holes and hence give the client’s office a lower fire-resistance rating. If anything the contractor does affects the value or safety of the office, insurance helps cover liability.

Office Fire

Fires happen. If an accident occurs where an office fire happens, your furniture and equipment may suffer damage. With the right insurance policy, you’ll have the coverage to make repairs and replace equipment.

Data Breach

If an installation tech helps a client set up data backup, lawsuits are possible. For instance, if a cloud provider ends up hacked, your client’s data might end up exposed and the client may sue. You might not have caused the breach, but you’re still liable for the vendors, software and services that you recommend.

There are plenty of risks involved in the telecommunication industry. Without telecommunication installation companies insurance, you are liable for anything that goes wrong. Every business needs a share of protection, including telecommunication companies.