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.

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.

The Truth About Home Insurance

The Truth About Home Insurance

Home insurance is one of the most important investments when you’re a homeowner. This is your safety net. Without the right amount of Connecticut home insurance, you could lose a lot of money on your house. Knowing the myths can help you to learn what policies and how much insurance you need.

Home Insurance Is a Waste of Money

Home insurance is your safety net! You need to think about how much it could cost you if you have to rebuild your home. Accidents and natural disasters happen. You might not want to think about it, but having a lack of insurance is devastating.

Your Belongings Are Covered

Home insurance can protect your belongings. You do have to keep in mind, however, that some valuables might only have a small amount of insurance.

You Should Insure at Market Value

You do not insure for your home’s market value. Instead, you take every cost associated with the repair or rebuild of your home and you insure for those costs. Home insurance is crucial when you’re a homeowner. To find the right policies and to make sure that you aren’t underinsured it’s important to know the different myths about home insurance. You deserve to invest in Connecticut home insurance that you can trust.

How Errors and Omissions Insurance Benefits Your Business

As human beings, we make mistakes. Unfortunately, when those mistakes cause a financial loss to someone else, that person may sue you. As a professional, your advice and decisions influence the person hiring your services. Obtaining errors omissions in New York can help mitigate the financial loss associated with a lawsuit.

Key Professionals

All professionals should determine if an E&O policy works best for them. However, these key professions greatly benefit from having errors and omissions insurance: accountants, home health aides, architects, psychologists, therapists, insurance agents, occupational therapists, lawyers, consultants and social workers.

Company Reputation

Having an E&O policy or malpractice insurance is often looked on favorably by customers. Many customers want to work with professionals who have insurance. Carrying a policy shows them you understand mistakes happen and care enough to protect your company.

Business Requirement

Though customers may only work with professional who hold an E&O policy, some businesses only work with insured professionals as well. Growing and expanding your business requires working with other business professionals. Keep those relationships strong with the right insurance protection.

Don’t wait until you make a mistake to obtain errors omissions in New York. Talk with your insurance agent to determine all your risks and ensure you are adequately covered. One lawsuit can cause untold financial damage to your business. Protect your assets with E&O insurance.

How Smart Trucking Companies Find Insurance Quotes

How Smart Trucking Companies Find Insurance Quotes

Whether you are at the beginning of your truck insurance policy search or looking for a new insurance provider, it can be helpful to keep pertinent company information at the forefront of your mind. Policies can vary greatly in terms of coverage and price, so consider the status and requirements of your transportation company before you contact any brokers. Gather the following information to ensure an optimal new relationship with an insurance company.

The Type of Company You Operate

Though you may know the information like the back of your hand, assembling a collection of documents with your company details is a good idea. If you can, include the following:

All business documents that show your company name and any changes to it

The number of staff you employ and their job titles

The number of vehicles in your fleet

Your location and the geographical areas you operate in

Financial figures showing annual revenue and projected growth

The Best Insurance Company for You

Once you have an organized picture of your transportation company, begin to research companies for truck insurance options. In doing so, you can make a thorough list of questions and comments you have on available policies. A high-quality insurance company will not only provide comprehensive truck insurance coverage, but also engage in an open dialogue about your needs and how your relationship can successfully grow in the future.

3 Things You Need to Know Before Purchasing Contractor Insurance

3 Things You Need to Know Before Purchasing Contractor Insurance
Business insurance can be a daunting market to navigate. Given all of the coverage options available, you might feel overwhelmed. In order to feel a little more at ease, here are three things that you should know while you look for NJ contractors insurance.

1. A Trusted Provider Is Better Than a Good Deal

You have to be able to trust your provider. If you can’t trust your agent to be honest with you or to deliver the best solutions to your contracting business, then it isn’t worth whatever deal that they offer you.

2. A Specialized Provider Has More Experience

It’s smart to work with a provider that has experience working with construction and contracting businesses. An expert will understand the risks in your industry. Likewise, they will understand the rates and know how to give you a competitive rate.

3. The Fine Print Matters

No matter what type of legal contract you sign, the fine print is always important. Make sure that you read every detail over carefully. You don’t want the surprise of the fine print somewhere down the line.

When it comes to NJ contractors insurance, it doesn’t have to be difficult to get the coverage that you deserve. All it takes I a little extra work to make sure that you’re getting the best deal.

How Your HOA Can Make a Difference

Living in a homeowners’ association (HOA) has its pros and cons, but a common goal can always strengthen a society, however small. Wrap up the next HOA meeting on a positive note by suggesting creative ways to improve your community. Extraordinary things can happen when communities band together.

Add Local Art

The ways to add art to your area are endless, but one classic and eye-catching way is to paint a mural. Do research on local laws ahead of time and check into US Risks Insurance to make sure your HOA is covered for this kind of thing. (US Risks Insurance also covers other kinds of events, so they’re a handy resource!) Have the HOA vote on a design and a place; once the city approves a proposed spot, make some magic happen! This can be done in many ways, but a couple of suggestions:

Commission a local artist to paint something unique to your city. Pay homage to its history, roots and local legends.

Let the children of the community have a hand in painting a mural. Really! Let a nearby elementary school add students’ handprints in different colors to the proposed spot. As the years pass and the city changes, those hands will always stay.

Take pride in the place you live in, and let local creativity shine. Let your HOA be part of making history in the colorful light of a new city mural.

Simple Insurance Coverages For Your Business

Searching for insurance coverage can be a challenge for new business owners. Without the proper guidance, you can end up with too much or too little coverage. Working with an experienced Santa Fe insurance agent can ensure that your policy reflects your needs. In the meantime, here are three coverages that you should expect to include in your policy.

Property Insurance

Property insurance covers your property in case they become damaged or lost due to a fire, storm, theft or vandalism. Your policy will pay to repair or replace your covered items which can include your building, landscaping, equipment, furniture and electronic property.

General Liability Insurance

General liability is a broad coverage to protect you against claims of injury or property damage made by third parties. Your policy will cover any attorneys’ fees as well as other expenses for which you’re liable.

Professional Liability Insurance

Professional liability provides coverage in cases where a third party claims that an error or negligence on your part led to them experiencing a loss. Businesses who require professional liability insurance range from professional service providers to manufacturers.

Having the right amount of insurance coverage can play a major role in your growth as a new business. Work with an experienced Santa Fe insurance agent to craft a policy that’s appropriate for you.

Three Signs Your Agency is Working for You

With Owens Group Insurance, you can hold them to the highest standard of operations and service knowing they are working for you. However, if you need assurance that insurance provider is truly working to protect your assets, there are several things you can do to perform your own quality check.

Check their availability. A customer-centric approach will keep your needs at the front of their daily activities, and this includes how quickly you can schedule a meeting. You should never feel that your account is less important than another, no matter how large or small the policy you carry.
Check their lines of products and services. If you have had your policy for some time, check on new carriers, products or services your agency offers. Keeping things current by following insurance trends is the mark of a company ready to meet the diverse needs of their client.

Check the staff. If you are continually seeing new faces in the local office or find your calls being returned by a different person each time, there might be something going on in the office. Employee loyalty is just as important as customer loyalty.

The decades-long service record of the family-owned Owens Group Insurance is a quality check that speaks volumes. You can address more specific concerns through this short checklist.

Breaking Down Two Basic Liability Coverages

There are many types of liability insurance coverages available on the market to keep you protected against a variety of risks. If you’re a manufacturer, you may be interested in pollution liability. Cyber liability protects you in case of a data breach. Management liability protects the senior-level officers, directors and board members of your company. In this article, we will consider general and professional liability insurance, their similarities and differences.

General Liability

General liability insurance covers instances where a non-employee sustains an injury or property damage because of your business. This can range from a customer falling in your office to their car being dinged up because of a pothole in your parking lot. If the customer chooses to file a lawsuit, your policy will cover any payments including attorneys’ fees, settlements or judgments related to the case.

Professional Liability

Professional liability insurance provides coverage specifically regarding your business output. It’s most widely known as malpractice insurance due to its popularity among healthcare providers. However, other business owners ranging from lawyers and interior designers to manufacturers should also carry professional liability as it protects against lawsuits brought about by third parties who claim that an error on your part led to them experiencing losses. Like general liability, your professional liability policy will pay for all legal fees associated with such a case.

Figuring out which liability coverages you need can be a challenge for new business owners. The key is to work with an experienced agent to ensure that you get the coverages that are right for you.