Understanding Fleet Insurance

Commercial fleet insurance is important for any business that has more than two vehicles operating under its umbrella. It is a way for a business to save money by insuring its vehicles collectively instead of individually. Generally, insurance carriers consider a fleet to be three or more vehicles, though some consider a fleet to be five vehicles or more.

What Does Commercial Fleet Insurance Cover?

Fleet insurance covers liability risks for all of a company’s vehicles on one policy. It applies to cars, trucks, vans, SUVs, construction vehicles and tractor-trailers. Generally, any employee can be driving any vehicle in the fleet and be covered by the policy. 

Fleet insurance covers collision and liability and businesses can also add roadside assistance, uninsured motorist coverage and comprehension coverage that protects against things like vandalism and theft.

What Does Commercial Fleet Insurance Cost?

Typically, the more vehicles in the fleet, the higher the cost of the policy. Other factors that can impact cost include policy options, the types and intended uses of the vehicles. 

Commercial fleet insurance saves businesses money while protecting against all kinds of liability. It makes it easy to keep track of all of the vehicle-related insurance needs that the company has.

What Business Insurance Coverage do You Need?

Running any type of business entails risk. Business insurance coverage is the best way to manage it. The coverage you’ll need depends on several factors, including your own tolerance for risk, the nature, and size of your business, and more. Some type of liability coverage is also a legal requirement in most states.

General Liability

This is the most important type of business insurance coverage to carry, especially if you have employees. As the business owner, you are liable for any property damage or injuries caused by workers in the course of their duties. General liability insurance also covers you if your company is sued.

Worker’s Comp

Every state requires a business with employees to carry worker’s comp insurance. This not only protects the employee in case of a work-related injury or illness, but it also protects you against lawsuits from injured workers.

Property Coverage

Every business needs property insurance, whether they own structures or not. Property insurance not only covers buildings but also their contents, including equipment and inventory. 

Cyber Liability

This business insurance coverage is a must if you do any online transactions or store sensitive records digitally. Malicious hackers are devious, and if they succeed in getting into your system, you can be held liable.

Having the right business coverage can mean the difference between weathering storms and losing your company altogether. 

Key Considerations About Insurance Packages for Businesses

Businesses of all sizes need to be vigilant about controlling the costs of each line item in an operating budget. When they are planning their budgets, insurance coverage merits special attention. A business package policy must be affordable yet also comprehensive enough to adequately address risk exposure.

Property Insurance

If businesses own real property, it likely represents one of their greatest assets. Property insurance protects the value of that asset and equips businesses to remedy damage. The cost of these policies vary based on market value, locale, and capital needs.


General liability policies can cover a large variety of claims that an individual or another business entity could bring against a company. However, they may not necessarily include coverage for some of a company’s biggest risk scenarios. They may need to consider structuring a package with supplemental coverage for professional liability or cyber liability coverage. Also, including an umbrella policy can offer vital protections.

Directors and Officers Coverage

Business principals need to be proactive about protecting themselves from personal liability. Corporate officers and board members should be sure to include directors and officers coverage in their policies.

Ideally, businesses should work with insurance companies that have experience serving similar commercial clients. They can offer guidance about unique coverage needs as well as access to competitive quotes from reputable carriers.

How To Start Your Limo Business Off on Strong Footing

Although the prospect of eventually owning a limo business and operating it yourself may be exciting, it’s important to start off on strong footing in order to build a strong foundation for the company. Building a successful limousine company takes time and strategy, so it’s crucial to make the right choices early on. If you’re new to the business and want to get off on the right foot, here’s what to do.

Write Up Your Sales Strategy and Business Plan Early On

Your approach to sales and other business matters can help give your limo company a strong start. Begin drafting a business plan that includes:

  • A sales plan
  • An advertising strategy
  • A business structure
  • A sketch for the size and scope of the business
  • A draft budget and a plan for finding financing
  • The company’s location and leadership

Start Sharpening Up Your Branding

The limousine industry can be a competitive field, so if you want to attract clients and increase your market share, you’ll have to have clever and memorable branding. Work on sharpening your brand as early as possible and try to create:

  • A motto or tagline
  • A logo
  • Signature colors
  • A signature jingle
  • A signature tone or approach
  • Distinctive services

Whether you’re currently simply dreaming of owning a limo business or whether you’ve already secured your financing and begun drafting concrete business plans, knowing how to start off on strong footing is essential. Writing up a thorough plan and sharpening your branding early on can help.

Telemarketing in the Insurance Business

Telemarketing, as the name suggests, refers to selling products over the phone. With advancements in technology, modern telemarketing techniques use emails, instant messaging and videos to take advantage of new ways to promote goods and services.

Implement a Successful Telemarketing Insurance Campaign

Telemarketing cold calling is still an effective way to promote your insurance company. It helps tremendously, however, if you implement some important company-wide policies.

  • Know Your Audience – Demographic information is key to the successful promotion of your insurance products. Learn as much as possible about your target audience, including your customers’ preferences, needs and regional concerns. Understanding the financial concerns of customers is also important.
  • Understand Your Company and Its Products – A successful telemarketer, first and foremost, has a good understanding of your company and its reputation. Potential customers will become more engaged with a representative that not only knows the company’s objectives but is also well-versed in the products and services your company offers.
  • Project a Positive Attitude – A prospective customer is put at ease if the agent maintains a positive demeanor. It’s also important to listen to the customer and stay focused on their concerns and needs.

Train Your Employees

A successful marketing campaign is only successful if your agents are properly trained. Make sure each representative feels comfortable and confident with the information.

Implement a robust insurance telemarketing strategy for a successful sales campaign.

How Comprehensive Business Insurance Protects Your Company

Businesses across all industries carry risks that are unique to their niche and location, and ultimately dependent on a wide variety of specific factors. Insurance is almost always necessary for businesses, but it can be difficult to determine what type of policy offers the best protection for your company. Working with a quality insurer to design a business insurance policy tailored to your needs will be incomparably helpful if trouble arises.

What Coverage Might Your Business Be Missing?

Many business owners feel well-covered by their current suite of insurance, but there may be significant gaps that they have not noticed. These may include the following:

  • Pollution liability, in the event your business is found responsible for an environmentally-damaging leak or spill
  • Sexual and abuse liability, in the event someone at your business is found liable for harassment or other claims
  • Unique product liability risks

Your needs may be more general; in some cases, it is possible that your business simply does not have sufficient coverage to protect your assets in the event of a major judgement.

Whatever the particulars of your situation, a thorough insurer will meet with you and get to know your company, and work with you to design a policy of business insurance that keeps you covered no matter what happens.


Understanding Crane and Rigger Insurance Options

Understanding Crane and Rigger Insurance Options

There is a large variety of companies that use, rent, own or operate cranes and rigs. That may be why the coverage insurance offered to the companies has been so diverse. Rather than extending a single policy to cover potential risks associated with crane and rigging machines, riggers liability insurance specialists have gathered a pool of coverages to fulfill a multitude of insurance needs.

Wide Coverage Offered

The liability insurance coverage for cranes and their riggers protects against possible property or equipment loss. Different types of heavy equipment coverage policies include:

  • Boom Truck Operators
  • Heavy Haul Truckers
  • Concrete Truck Haulers
  • Crane Operators
  • Transportation Specialists

Since riggers and crane operators work closely together moving pulleys, cables and winches, it is easy to see why more than one type of policy may be necessary for complete coverage.

Extensive Endorsement Coverage

There are standard policy coverages for riggers and crane operators that include:

  • Physical Damage Coverage
  • Workers’ Compensation
  • General Liability
  • Surety Bonds
  • Rigger Liability

Endorsements should also be considered because of the varied circumstances of work areas and situations. Additional policies can include upset coverage, warehouses, cargo, movers and other equipment.

Best Protection Available

Finding an insurance broker to help you create a complete coverage package has never been easier. Whether your business owns, sells, rents or operates the massive machines, insurance coverage is your best protection against possible liability.

3 Types of Insurance Needed by All Solar Energy Contractors

Solar energy contractors face significant risks when performing their work. Employees can easily be injured while using scaffolding or traversing roofs. Moreover, even though most contractors exercise caution during installation, third party property damage and injuries can also occur. These incidents can lead to costly lawsuits which can result in bankruptcy. Investing in insurance coverage to mitigate these risks is essential.

General Liability

As solar energy professionals often perform installations in buildings that are already occupied, the risk for third party property damage or bodily injury is high. General liability insurance covers settlements, judgments and legal fees if a suit is brought against a contractor.

Workers’ Compensation

Laws regarding workers compensation insurance vary by state. Given the dangers faced by solar panel installers, however, the energy contractor insurance toolkit should always include workers compensation to pay for any injuries sustained by employees on the job.

Professional Liability

Solar energy contractors offer an important service to their clients. Professional liability policies protect them from claims of errors or omissions in the design, advice or engineering work they provide for their customers.

The job of installing solar energy systems comes with many liabilities. Lawsuits can cause irreparable financial damage to businesses carrying out these services.  An insurance expert can ensure that they are protected against any eventuality.

How To Insure Difficult Business Classes

If you have insured clients looking for an alternative to traditional coverage, you may want to consider excess placement services. Excess placement services help you to find a perfect placement for your clients. For example, if he or she works in a niche industry, the service can help you align them with the right alternative coverage and policies.

Alternative Risk Solutions for Your Clients

There are several types of alternative risk solutions available to your clients. Some common plans include:

Many companies seek alternative risk solutions because they want more control over their insurance structure and flexibility in cost and deductible.

Solutions for All Industries

When seeking insurance for your clients, choose an agency with connections throughout the domestic and offshore markets. The broader the network, the more likely you are to find your clients adequate coverage for their niche business. Niche markets may include hair salons, piano tuners and dog groomers. In addition to uncommon markets, businesses with high risks, such as scaffolders may require alternative insurance options.

Working with an insurance agency that can help you provide your clients with niche options and alternative solutions is the best way to serve your clients’ businesses. Placement service agents can help you come up with solutions for difficult-to-place companies.

How Taxi Cab Insurance Puts You in Control

Taxi companies and other people who manage fleet vehicles understand the importance of having working vehicles that are clean and well-tuned. Having insurance protection is also necessary as these vehicles play a crucial role in how you meet the needs of your customers. Individual drivers have auto insurance to cover damages to their vehicles as well as passengers involved in a collision. Those who are responsible for vehicles need to consider the protections of a taxi insurance policy to protect their businesses.

Understanding Taxi Insurance Coverage

When it comes to a taxi insurance plan, it’s important to have a plan that offers these coverages at a minimum:

  • Liability – Protections that cover bodily injuries and property damage
  • Uninsured Motorist – Coverage for medical expenses related to an incident involving drivers without insurance
  • Physical Damage – Protects theft, vandalism, and other destruction which can be especially helpful for financed automobiles
  • Collision – Coverage for repairs and replacements for crashes into other objects

In a business setting, other considerations for your policy include towing privileges and protection for important accessories, such as navigation systems.

Developing a Plan

While auto insurance policies are fairly common and widely available, you should go with an experienced insurer for your business insurance needs. There are typical and unique circumstances that govern how you operate, so look for a provider who can you develop a plan. Your business, including your employees and clients, rely on you to have the right insurance coverage.