Management liability insurance is not something only large, publicly traded companies need. A business does not need shareholders for its executive management staff to be targeted in a lawsuit. While it’s true that privately held companies are not at risk of a class-action suit over securities, businesses that seek to fund from venture capital sources or another type of financial investor are at risk of a lawsuit. So are those with any type of relationship with clients or vendors.
Information Privacy Issues
One area of growing risk is information privacy, where identity and information theft are an increasing threat. Public concerns focus on how companies collect, store and use their personal data. Information privacy issues apply to a variety of sources, including:
- Financial transactions
- Healthcare records
- Web-surfing activities
- Biological traits and DNA
- Academic research
- Private residence location
Businesses develop workarounds that let them use data while safeguarding customer privacy. However, data protection and privacy laws change all the time, so staying current is important.
Protecting Managers’ Personal Assets
Management liability insurance, also known as directors and officers insurance, protects company leaders against claims that may arise from a data security breach or another event tied to their actions or decisions. If you are a managing executive, you should know that this insurance is usually in addition to a general liability or umbrella policy for the company itself and is something you should consider to protect your personal assets.
Let’s face it: sports bars are not always the safest place to be. Though many of your patrons may begin their night in good spirits and with good intentions, after one too many drinks and a losing game, friends may quickly turn into enemies and that nice quiet guy in the corner can become a loud and aggressive problem. When problems arise, so do accidents, injuries, fights, and property damage, which is why tavern liability coverage programs exist.
Without the proper coverage on your side, you may find yourself liable for accidents, injuries, and damages that you yourself did not cause. This is because as the owner of a liquor establishment, you assume liability for whatever damage your patrons cause after drinking liquor served to them by you. It may not seem fair—after all, grown adults make their own choices, right?—but it’s how the law works. If you don’t want to be slapped with a hefty bill racked up on someone else’s time, look into tavern liability coverage programs.
You cannot anticipate what damage your patrons will cause, but you can protect yourself. Do not risk assuming liability for another person’s actions, and look into bar and tavern insurance for your drinking establishment today. You’ll be happy you did.
Your yacht club provides an avenue for mariners and yacht lovers to get together and do what they love best. Doubtless, you have numerous events both on water and land to keep your members entertained. The question is, do you have the right liability protection for your club? An accident can easily turn away members and harm your business if you don’t handle the incident properly. Prevention entails more than just doing your best to ensure safety. It also includes having sufficient marina liability coverage for when the unexpected happens.
When it comes to the maritime industry, much is out of your control, such as the weather. You can prepare for potential damage to your facility and members’ yachts with a personalized policy. Without it, you face a different kind of storm. Paying for ship repairs and medical bills of hurt employees out of pocket will sink your business down to financial ruin. Even if the costs are manageable, you risk damaging your reputation as a quality yacht club.
Avoiding these negative consequences is simple through purchasing enough marina liability coverage to secure you from whatever comes your way, on land or water. If you already have a policy, make sure it offers full protection in all areas relevant to running a yacht club.
If you are a member of an organization that offers life insurance, there are a lot of benefits that you may receive when choosing a life insurance policy with that organization. For many people, this is the best way to get an insurance policy because it is more accepting, more flexible and more affordable. Here is some information about Catholic fraternal life insurance.
Fraternalism provides financial products, such as life insurance, for members to help their families. One benefit of taking these offers is that the profits from your insurance policy purchase go to help the community instead of going into a shareholder’s pocket. There are a number of ways that a Catholic organization can assist their community, such as offering affordable services to their members as well as volunteering and donating time and resources to help those in need in the community. Some money from Catholic treasuries may also go to establishing new structures in the community, such as helping new schools or establishing a community center for people to use. The possibilities for the goals that the community can meet are nearly endless.
If you are in need of a life insurance policy, there are many places that you can go. However, with Catholic fraternal life insurance, you are more likely to make a positive impact in your area.
Life insurance is something that you do not want to be without in a time of need, and you never know when that time may come. It is important to protect your family in the event that something happens to you, and especially as people age, this becomes a very real concern. With all of the options for life insurance on the market, it can be tough deciding on one. Catholic life insurance is one option that may help protect you as well as your family in the event that something happens.
Getting your insurance needs from a community that is meant to support its members can be a better way to go than if you were to go about getting it from a corporation that has no reason to see you as more than just a number. Some Catholic organizations are willing to help you find the right life insurance that puts your needs and your family before the profits that can be made from selling insurance.
One great benefit of getting Catholic life insurance is where your money will be going. In a for-profit company, the money is often paid to shareholders. However, in a Catholic not-for-profit company, the money goes to helping programs and benefits in the community.
Business owners and managers often believe that E&O coverage is the same as directors and officers policies. Although at first glance the may seem similar, they apply to different circumstances. In some instances, both policies may be unnecessary. However, in many cases, a package that contains both may be necessary to prevent coverage gaps.
Errors and omissions insurance addresses a company’s products and services. It protects individuals and businesses that make educated recommendations, design solutions or give advice. Protection may be needed when there is an error in judgment or when something that should be done isn’t.
D&O policies provide insurance for negligence, omissions or misleading statements from directors and company officers that result in claims against them. Directors and officers policy coverage can reimburse the business when it indemnifies those individuals. Policies may also cover the business as a whole when it is named in a lawsuit.
E&O coverage is not a one size fits all type of policy. Insurance companies can help business owners and managers evaluate risk and make recommendations regarding deductibles and forms of coverage. An experienced insurer can work with you to ensure exposure to errors, employee rights violations, fraud, omissions and misstatements is minimal. One or both policies may be appropriate, depending on industry and profession.
Too many people overlook purchasing insurance for marinas. After all, people are busy and have other insurance needs for their vehicles, home or health. In actuality, getting marina insurance is a wise investment that doesn’t have to be unreasonably expensive. Here are three reasons to consider searching for quality coverage.
1.It’s a Safety Net
Marinas face a lot of risks. A storm, theft or vandalism can result in costly damage control. A good plan ensures you won’t have to pay an astronomical bill after a negative turn of events.
2.It Attracts New Customers
If you rent out dock space for commercial or private vessels, you can give your customers peace of mind with insurance for marinas. Sailors and water travelers want to keep their most valuable possession in a secure place.
Marina owners often have the opportunity to bundle all their insurance needs in one comprehensive package. Liability, sailing school training, property and employee insurance can be obtained at a rate that’s much more affordable than if you buy them separately.
Enjoy your marina to the fullest by backing it up with insurance for marinas. You can get coverage that offers financial assistance in a variety of ways, whether it’s covering costs during an emergency, reimbursing clients or saving you money.
If you’re buying a new home or just shopping for a policy that will cover you in case of an emergency, homeowners insurance in Los Angeles is a must. However, not all policies are created equal. To decide what types of insurance you should buy, you need to know what they cover. Here are three main types of homeowners insurance you should have.
Structural or dwelling coverage is the most common type of homeowners insurance. It covers damage to the structure of your home based on disasters like vandalism, burglary, hail, fire and sometimes water leaks. They’ll pay to replace parts of your home that get destroyed up to your policy limit, even total loss.
If someone else is hurt on your property, a liability policy can help you pay for your legal defense and compensation. It may also pay to fix property damage resulting from any accidents covered in your policy.
Last, but certainly not least, you’ll need coverage for your valuables and other belongings. If a disaster occurs, this type of policy can help you replace everything from furniture to clothes. You can either choose a policy that pays a depreciated amount for each item or a more expensive policy that will buy new replacements for any possessions up to the amount of coverage you paid for.
When you own your home, you should cover any possible problems by purchasing homeowners insurance in Los Angeles. By thinking ahead, you can save yourself heartache and problems down the line.
The last twenty years have seen rapid changes in the medical and healthcare industries. From multiplying regulations to increased costs to the ever-changing landscape of health insurance, health services providers face more avenues of potential risk. From medical malpractice to billing issues to data privacy, professional liability coverage from brokers such as Axis Insurance Services is an essential to safeguard your organization’s future and provide for your clients.
Who Needs Medical Professional Liability Coverage?
Medical professional liability insurance, or medical errors and omissions (E&O) coverage, is critical to address the unique types of risk pictures frequently faced by groups such as hospitals, physicians’ practices, accountable care organizations, allied health providers, medical billing firms, PPOs and other organizations. The complexities of the field ensure that no two firms’ indemnity protection options will look exactly alike. Advanced expertise is needed to craft an E&O solution that addresses a wide range of issues:
- Medical malpractice claims
- HIPAA compliance and fines
- Issues arising from outsourcing
- Telecommuting issues
- Data security and patient records
- Medical billing and transcription issues
The Best Health E&O Indemnity Solutions
The broker or agency you choose should craft a distinctive E&O protection strategy for your firm. Industry leaders such as Axis Insurance Services bring the skills and expertise to create flexible insurance solutions for your medical or healthcare services company.
You know that your yacht insurance in Newport Beach covers accidents, property damage, and personal injury. However, that’s not all that a comprehensive policy covers. In fact, a great yacht insurance plan will pay for a variety of costs. Check with your insurance provider to see if you have the following additional coverages.
Just as with car insurance, yacht insurance can come with or without a towing rider. This feature typically does not add too much cost to your premium. However, it can save you lots of money and hassle if you do need towing or emergency assistance. Don’t get stranded, add this assistance to your yacht insurance in Newport Beach.
Sunken Wreck Removal
As you enjoy time on your yacht, the last thing you want to think about is a wreck. However, if an accident happens and your beloved yacht sinks, you may be held liable for the removal. This service can be expensive, but comprehensive yacht insurance plans can pay this fee for you.
When you go out on your yacht, you don’t go empty-handed. Make sure that your yacht insurance in Newport Beach covers the belongings you bring aboard. If you have any questions about what your policy covers, be sure to consult a knowledgeable agent and read your policy thoroughly.