Insurance Costs for Boat Owners

Like any other valuable piece of property, part of the cost of investing in a boat is purchasing a proper amount of insurance coverage. Owners researching their options often want to know up front about the boat insurance average cost of coverage, but the answer depends upon a variety of factors. Some of the decisions that will affect the total cost of coverage include:

  • Type of policy chosen
  • Deductible amount
  • Personal driving history on license
  • Claim history on boat insurance
  • Possible additional drivers
  • How the boat will be used

Ways to Reduce Costs

Additionally, boat owners can choose to take additional safety courses to gain a higher level of experience in boating. In some cases, proof of course completion will lower insurance premiums. If the owner purchases insurance through the same company as an existing policy, a multi-line discount could also be available. Another way to lower the coverage cost is installing additional recommended safety equipment on the boat.

When it comes to boat insurance, average cost of coverage is usually one of the first questions asked by an owner. Even though the answer is variable, there are several ways to lower insurance premiums and secure a good deal. Through just a little bit of extra research, a boat owner can enjoy a day on the water without the worry of protecting the investment.

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Seeking Specific Insurance Coverage? An MGA May be the Right Agent for You

If you own a small business, you know how important building relationships can be to your company. The same holds true when you are looking for insurance. You want to find a company that knows you, knows your particular needs, and has a vested interest in finding the right insurance match. Finding a workers’ comp MGA, or managing general agent, may be just the personal touch you are seeking.

Though an MGA does not have access to as many insurance carriers as a wholesale broker, they can excel in placing companies with specific risks, finding them just the right coverage at fair premiums. Many wholesale brokerages have their own MGAs in-house.

Reasons You May Want an MGA

You know your company is special, and you love it that way, but no mainstream insurance will do. A workers’ comp MGA often specializes in different workforce coverage areas and can help you find regionally or nationally recognized carriers that concentrate in insuring, for example, construction companies, or other businesses with specific coverage needs. There are other advantages to working with an MGA.

  • MGAs Can Underwrite. They have authority to provide binding quotes.
  • MGAs Have Expertise. Their specific industry knowledge can add significant value.
  • MGAs Have Experience. They work with all aspects of the insurance process.

Once you find the right workers’ comp MGA, you will see the benefit of having an expert on your side, and you can feel assured that your employees will have the coverage they need.


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Find the Right Insurance for Your Trucking Needs

Whether an owner-operator or running a transportation fleet, truck insurance is an important element of keeping professional drivers on the road or serving customers. This type of coverage offers a range of solutions to keep you protected.

Every operation has its own uniqueness and potential risks. Regardless if drivers are operating semis, flat beds, tow trucks and more, tailored coverage is available. Below are a few types of insurance to consider:

  • General liability: This is a broad coverage focused on third-party liability. It offers protection for injuries or damages that happen on your property or while your services are being used. It can also protect breach-of-contract issues. Options are available to further tailor it to your needs.
  • Truck liability: While on the road, this protects you in the case of damage or injuries due to an accident. State and federal agencies requires this type of coverage.
  • Physical damage: The vehicle and trailer equipment is covered with this insurance. It is considered first-party insurance and offers options for your specific operations.
  • Pollution: Any discharge or pollutants can be protected. When transporting hazardous cargo, additional coverage may be necessary.
  • Motor truck cargo: Once a customer’s good are in your hands, you are responsible for the cargo. This insurance can help protect you in the case of lost or damaged goods.

The above list is only a few of the truck insurance options available. An insurance expert can help determine what specific coverage your business may need.

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Beyond the Basics: Three Things You May Need to Add to Your Insurance Policy

A basic commercial policy is important for any company but often leaves large gaps in your coverage. If your business only has basic coverage, you may wish to see a new insurance quote for business property in Ohio that provides extensions and additional policies.

1. Equipment Breakdown Coverage

A basic policy may not be enough to protect the contents of your building, including equipment crucial to your company’s operation. Mechanical breakdowns or other damage can cause huge losses in revenue if you do not have proper coverage. You should be sure your insurance quote for business property in Ohio includes equipment breakdown coverage.

2. Business Interruption Coverage

If you experience a major loss, your business will likely suffer lost revenue in addition to property damage. A basic policy likely will not provide additional money to keep your company afloat while you make repairs or replace equipment. Business interruption coverage can help bridge that gap.

3. Commercial Flood Insurance

Flooding is one of the most common exclusions from basic insurance policies but it can be one of the most damaging occurrences. If your building is at risk of flooding, it is important to include an additional policy.

An insurance quote for business property in Ohio should include much more than just a basic commercial property policy. You should think about what types of additional coverage you may need and check that they are included on your quote.

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3 Questions to Ask Your Truck Insurer

Commercial truck insurance polices aren’t on-size-fits-all, so you need to do your research. Taking a proactive approach to your cargo and liability insurance can ensure that the insurance meets your needs and covers your risks. Be prepared to ask questions to get the policies that fit your needs.

1. How much insurance do I need?

The USDOT may require a certain amount, but you may want to boost that coverage. Trucks can cause a lot of damage when they hit something. Even if the accident isn’t the driver’s fault, you could still be sued. You should also make sure you have enough coverage for your cargo. Many times, low limits won’t completely cover the load.

2. How quickly can you change the policy?

If you need special coverage for a specific load, you may not have a lot of time to get the insurance in place. Your insurance agent needs to be able to make changes to your insurance on your schedule, not theirs.

3. What affects my premiums?

Knowing what factors affect your premium can help you manage your insurance budget more effectively. If your agent isn’t willing to discuss your premiums, then it might be time to take to another company. Your cargo and liability insurance shouldn’t break your bank, but it does need to cover your risks. You want peace of mind with your policy.

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Tips on Applying for Motor Truck Cargo Insurance

As you prepare your motor truck cargo insurance application, having plenty of information available is vital to obtaining the policy you need for your business. Circumstances vary, from drivers’ schedules to types of commodities handled, and fine-tuning your coverage is done best when you can provide the insurer with all the relevant information early on.

Consider Your Cargo

The cargo that your trucks handle regularly is one of the biggest factors for determining what your coverage plan will look like. From furniture to fresh produce, the cargo affects how your trucks and trailers will be outfitted, which in turn factors into projected operation costs and the need for coverage in case of, for instance, food spoiling.

Keep Tabs on Workers’ Performance

Workers’ compensation is an aspect to consider in your motor truck cargo insurance application. However, insurers want confidence that your drivers are capable; a history of accidents or moving violations suggests higher risks to manage, and this can make for more expensive coverage.

Be Honest About Losses

Handling losses entails both managing your loss history from prior terms as well as taking steps to ensure minimizing future losses. On your motor truck cargo insurance application, you should explain the policies you enact to ensure safety of commodities, equipment and workers alike. Responsible business owners present less risk and receive lower premiums.

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Hiring New Employees and Coverage Needs

Staffing agencies often prefer working with familiar candidates time and again because of their proven track record. They’re dependable, always do a nice job, and come with good references from former temp employers. This makes them easier to place than unproven newcomers. But new recruits are what help keep the company growing. But, by adding fresh new faces to the equation, you may also end up with someone who could pose problems with clients along with creating more headaches.

When a new employee doesn’t work out to your expectations, the person could also end up claiming that he or she has been discriminated against. These types of accusations can create serious repercussions for you and your company. This is a prime example of why staff insurance for employment practices is so important to any company with employees.

They may begin on a high note

Your company conducts an interview and everything may seem fabulous and on the right track. Before the first week ends, the new recruit may start showing up late, or maybe they make a serious and costly mistake at the job site. It may only happen once, but if it develops into a constant issue, it may lead to the client calling you and informing you that the individual you’ve sent them simply isn’t working out.

You will then have to address their performance issues, and if it becomes confrontational you’ll need to involve your human resources department. You simply can’t predict how a person will react to being told they aren’t providing the level of service expected of them.

The probation alternative might be a good option

You may decide issuing them a probationary period as outlined in the employee handbook. This is often the proper route to take to diffuse the situation. The rules should be clear about the length of the period of probation, allowing the employee to correct any issues at hand.

If they still don’t seem to be working out, you may have to release them from their employment. If they’re vindictive they may decide they have the right to sue. It’s a tough position to be in, made only be tougher if there isn’t staff insurance to protect you in the event that a lawsuit ensues.


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Check Your Insurance Policy for this Crucial Coverage

Buying a new home can come with all sorts of stress, and the thought of insuring the new house might just add to the headache. However, taking the time to insure your home now can make dealing with issues later more bearable. No matter how careful you are, mistakes happen, and bad weather can come out of nowhere. This is why you should check your policy for property casualty insurance.

When protecting your home and belongings, make sure you’re insured for the right amount. This type of coverage can help protect your own things, but it can also protect you if an accident you’re responsible for causes damage to someone else or their property. Many different types of insurance include this type of coverage, so you might already be insured. It’s common in car insurance, homeowners insurance, renters insurance and condo insurance. If you rent to others, you might even be covered through your landlord insurance. Never assume your coverage, since this can result in disaster later on. Consulting with an experienced insurance agency can help you assess where gaps in your coverage may be, or where you should raise your policy limits.

Defining your personal risk can be a useful step, and making sure you’re covered with property casualty insurance is one step further to making you feel more secure.

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The Types of Coverage Your Yacht Club May Need

While many yacht clubs follow the same basic business model, many of them are adding more and more amenities for their members. These new additions can make a difference in customer satisfaction, but they can also expose clubs to new types of risk. Insurance coverage for yacht clubs can become complex, so if you’re looking for insurance or just need to update your policy, here are a few types of coverage to consider in your search.

Perhaps one of the most useful areas of coverage will be yacht club general liability. This should cover the directors and club members, and even volunteers. This coverage should also be useful for clubs that enjoy teaching sailing lessons or hosting boating events. Pollution coverage can help with costs of clean ups and repairs if your property or third party property is damaged by pollution, whereas physical damage coverage can help in other instances. You may need liquor liability if it’s served on the property.

While these types of coverage are common, they may not be enough to protect your establishment. Once your risks are assessed, your insurance company should be able to offer you additional types of coverage, like workers compensation. Though it may seem like a complex process, attaining the right insurance coverage for yacht clubs can help immensely down the road.

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The Benefits of Hiring SEO Experts

You have spent countless hours making sure your insurance website looks exactly the way you want it. What happens when you launch the website, though? How do you ensure that people will see it? You need professional SEO for insurance companies to reach your target market.

Search engine algorithms change more often than most people realize. SEO experts keep track of these changes and can steer traffic to your site by adapting to them. These professionals can also be objective when it comes to evaluating your site to see if something simple such as the time it takes for pictures to load is hurting your search rank. They take the time to make sure your website shows up in organic searches so that you can focus on your business.

There is also a reporting advantage to hiring experts to handle SEO. Your analytics data can give you an idea of how well your site is doing, but only if you really know what those numbers mean. SEO professionals can interpret the data. They can use the information, for example, to decipher which keywords are working well and which ones need to be altered to improve site traffic.

If you need SEO for insurance, it is a good idea to hire experts. They can save you time and frustration by employing their vast knowledge to drive traffic to your site.

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