Commercial Dump Truck Insurance

Commercial trucks provide a variety of essential services throughout the country. They transport everything from dry goods to fuel to motor vehicles. One type that delivers more on a local level but is still critical to infrastructure is a dump truck. The standard version has the dump bed mounted on the same body as the cab, but there are also dump trailer versions that can be hauled with a separate truck-tractor. These are all considered a heavy-duty commercial vehicle and require specialized insurance.

Typical Dump Truck Policies

Dump truck coverage is a particular line of insurance geared towards these unique vehicles. General liability insurance is typically required in order to operate one of these trucks. This protects you in the event an accident causes bodily injury or damage to the property of others. This would be the bare minimum of coverage and would not cover you or your truck. This is why you should consider these additional options as well:

  • Physical damage – can be collision, comprehensive or both. These will cover the cost of damage or loss to your truck due to various circumstances.
  • Medical payments insurance – covers the cost of your medical bills if you are injured because of an accident.

If you drive or operate a dump truck then it is important to understand your insurance requirements and options. A knowledgeable agent will help cater a policy to your situation.

Why Insurance Agents Need EO Coverage

If you work as an insurance agent, you need to have errors and omission insurance in case an incident occurs. Here is why e&o is necessary to have in case you make a mistake or are otherwise sued by a client.

Coverage in Case You Make Mistakes

Mistakes happen in just about any job. By having e&o insurance for insurance agents, you can protect yourself in case you leave out important information when working with your client. Your client might sue you or otherwise have issues if there is a mistake. By having the right type of insurance coverage, you can avoid these types of problems.

Protection for Different Types of Insurance Agents

Regardless of what type of insurance agents you are, there is coverage that can help you. This includes health insurance agents, life insurance agents, and property and casualty agents, to name a few. If you are worried about e&o not covering your specific line of work, know that there are varying areas that e&o can cover.

If you are an insurance agent, know that there is protection for all different types of insurance agents. Having coverage in case you make mistakes can help protect you in the event you are sued or there are other problems with your client.

What To Know Before Volunteering

Dedicating your time and energy to a cause bigger than yourself is a noble endeavor. Whether you’re a first-timer or a seasoned pro, volunteering in another country can be a little scary. Know what precautions to take ahead of time to ensure you have the best trip ever.

Insurance 

You already know what a nightmare it can be to deal with your health insurance here in America, but what if you were hurt or injured in another country? In these cases, it can be a smart idea to invest in volunteer insurance. These special packages cover you throughout the duration of your trip and can be a literal lifesaver in more dire circumstances. Still have questions? VIS is a great resource to help you get started.

Vaccines

Your immune system hasn’t been exposed to all the germs and diseases that might reside in another country. Check with your healthcare provider to learn what vaccines you need to have before traveling outside the United States.

Money

ATMs in other countries can charge crazy fees for foreign transactions. See about exchanging cash before leaving, or look into what kinds of credit or debit cards don’t charge fees for using them overseas.

Your goal is to have a fun and safe trip, but part of doing this is being prepared. Do your part to ensure you’re in good shape leading up to your departure.

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.