Commercial cleaners need a broad spectrum of policy lines when they build an insurance package because they face many different kinds of liability exposure in the course of their operations. Careful policy development, thorough staff training, and comprehensive policy endorsements are integral parts of a comprehensive risk management plan that can protect cleaning contractors from liability and loss.
Coverage for cleaning contractors needs to address the possibility of property damage that can occur as a result of working on someone else’s property. Coverage needs to include other individuals’ personal and real property, medical expenses, workmanship, and also any potential defense costs associated with a claim against the company.
Commercial cleaning contractors need to protect their equipment, business premises, and employees. They may be required to carry workers’ compensation coverage to cover medical costs for injuries that employees sustain while working.
Cleaning contractors may need to carry auto insurance above state minimum to ensure that it will be protected in the event of an accident. It’s essential that they be able to repair or replace vehicles as soon as possible in order to continue serving their clients.
Commercial cleaning contractors need to seek out help from insurance carriers that offer programs specifically designed to serve their industry. Expert guidance can help a company make well-informed policy elections to safeguard their operations.
Physical therapy is an important part healthcare. It can help people to recover from an acute injury, deal with chronic pain, and also strength and mobility as they get older. Getting to physical therapy appointments can be problematic for some individuals with chronic health conditions. Bringing physical therapy directly into one’s home can facilitate access to therapy and encourage people to keep up with it consistently.
The Benefits of Integrating Physical Therapy Into Home Health Care
Physical therapy and home health go hand in hand because many individuals who need home health care have mobility limitations or chronic pain which physical therapy can help to address. When a home health care agency can provide physical therapy services in an individual’s home, it can help to establish a continuity of care. A physical therapy regimen can become a part of an ongoing care plan, and a certified physical therapist can closely monitor an individual’s physical condition as well as certain medical needs.
Medicare and Physical Therapy
Medicare can provide coverage for in-home physical therapy. A patient must a have a demonstrable medical need for the therapy, which is typically confirmed by a primary care physician or a referring specialist.
Working with a certified physical therapist can offer many appreciable health advantages. It’s advisable for individuals who receive home care to work with an agency that is certified to provide this specialized service.
If you are worried about a claim being made against you after the cancellation or expiration of your insurance policy, then tail coverage may be a good addition to make to your policy. What is a tail policy? Tail policies give the policyholder the benefit of ongoing protection, even after the end of the policy. However, this addition is not a minor increase in coverage or cost.
Tail Coverage Addition to Claims-Made
Tail coverage insurance is an addition specifically for claims-made policies in which ongoing coverage is necessary but a standard policy is no longer needed. Usually, you can obtain this supplement to your claims-made policy for one year. It requires an additional premium which is often 100 too 300 percent of the premium of the claims-made policy to which it is added.
The Necessity of More Than Only a Claims-Made Policy
The industry experts at Axis Insurance Services report that claims-made policies often only cover claims that are made and reported while the policy is active. This leaves any claims later on in your own hands, even if the event the claim is based on occurred while the policy was in effect. That is why a tail policy is so helpful. Tail coverage insurance can protect a business owner from a significant amount of risk and is often a worthwhile investment.
As with anyone who drives, volunteers that operate vehicles for nonprofit organizations should have some form of auto insurance in accordance with state law and regulations. Such coverage may be sufficient for personal driving, but it is generally inadequate to cover volunteer work. Most personal auto insurance policies don’t offer enough coverage for either property damage liability or body injury liability, especially since an accident on company business may result in significantly more damage than your typical accident. Organizations need to have policies that protect their organization and its helpers.
It’s incumbent on your organization to consider volunteer driver risk. Consider these following best practices in determining an organizational policy and approach to managing volunteer driving:
- Staff a position to oversee drivers and assign and/or terminate as necessary.
- Require volunteers to submit a copy of their motor vehicle records annually.
- Document proof of personal auto insurance policies for each driver and require proof of renewal after coverage expires.
- Clearly define responsibilities and requirements for everyone driving on behalf of the nonprofit.
- Require proof of passage of annual vehicle safety inspections when personal vehicles are involved.
Having a formal plan that covers vehicle operation better equips your nonprofit to handle accidents and issues.
Covering Your Volunteers
Your organization was established to help people. It also provides an opportunity for others to contribute to the benefit of others. While nobody plans to be involved in an accident, you owe it the community you serve as well as those that support you to have adequate insurance for vehicular accidents.
There are millions of volunteers that donate their time and skills to help American communities through times of challenge. Though your nonprofit is doing the world a great deal of good, there are many reports of volunteers that have taken advantage of their positive to gain access to money, resources, or individuals for their own criminal activities. One terrible situation or incident can ruin your operation. It is highly recommended that you conduct a volunteer background check on every individual that applies to work with your organization.
Confidence in Your Partners
By spending the time and money to thoroughly vet your volunteers, you can be more confident in those who are representing your organization. There are three key reasons for making sure each volunteer has had a background check conducted.
- Legal requirements. Your local government may have regulations requiring that volunteers in certain areas be vetted through a background check. This is especially the case in working with vulnerable populations.
- Public safety. Protecting others- those you help and those that work with you- is the primary reason to conduct background checks.
- Reputation Management. Knowing your volunteers can keep you from inadvertently letting an embezzler have access to company funding. High-level donors want to trust the organization, so reputation management may be crucial for funding ventures.
The small cost to make sure your volunteers are credible and trustworthy will go a long way in promoting your organization’s mission and operations.
Usually, when you build a new structure for your business, the construction takes place at the site where the structure will eventually stand. Off-site construction is a different practice that involves fabricating and manufacturing building elements somewhere other than the eventual location and then assembling and transporting the finished product. It has both advantages and disadvantages.
Off-Site Construction Pros
Off-site construction is a less expensive means of building a structure. Part of the money savings results from the fact that the process takes less time than building on-site typically takes. Another reason for the money savings is that the new materials used in off-site construction may be less expensive than those used for on-site construction.
Off-Site Construction Cons
The money that you save may not last, however. Off site insurance coverages can be greater than they would be for a building constructed on-site. This is because the new methods and new materials utilized in off-site construction may be more susceptible to water damage due to storms and/or floods. The risk of fire may also be greater, according to some assessments. Using new assembly techniques and materials can introduce a steep learning curve for contractors, and defective construction may result. All of these factors pose a greater risk to insurers that may charge a higher premium to compensate for the uncertainty.
Lawsuits have now become a common process that many businesses face. According to AXIS, there has been a significant increase in litigation placed against companies especially claims regarding employment practices insurance or EPLI insurance. In order to understand why this insurance policy is so important for a business, it crucial to understand what it is.
What is Employment Practices?
To put it simply, employment practices involve the activities that occur during an employee’s hiring process or their working environment. Employment practices liability handles the kind of problems that happen in these situations by providing the financial assistance businesses need. See, a lawsuit that stems from any alleged incident involves court fees, attorney fees and possible settlements. That is why epli insurance is a vital investment for any business, large or small.
Types of Incidents
The kinds of situations that involve employment practices liability include:
- Sexual Harassment
- Failure to Employ
- Misinformation or Mismanagement of Benefits
- Wrongful Termination
How Much Does it Cost?
While this policy is a worthy investment, it worth knowing the kinds of rates a business can expect in order to budget accordingly. The cost of this kind of liability policy depends greatly on the number of employees and the kind of industry involved. If you are interested in acquiring a specific rate, it is recommended to contact a qualified insurer for even more information.
Trucking companies and drivers have many considerations, including logistics and truck maintenance. Insurance coverage protects the finances and livelihood of haulage drivers and companies, and dependable agencies also check for issues such as duplicate VINs, or Vehicle Identification Numbers. If found, the agencies investigate further. Part of the investigative process involves referencing reports from the Central Analysis Bureau, or CAB. These verifications are important in multiple ways to the task of underwriting this industry’s insurance, as seen on https://www.truckinsure.com/.
Keep Records Updated
If a CAB report signals shared information such as a VIN or physical address, fraud is not necessarily involved. Such duplications do, however, alert insurance carriers to examine records closely. Sometimes the Federal Motor Carrier Safety Administration, or FMCSA, has outdated documents. Insurance company investigations prompt files to be kept current.
When CAB reports find current records, the process of insurance underwriting becomes quicker and simpler. In turn, companies and drivers get insurance coverage so they can do their jobs. The entire trucking industry functions more effectively when one link in the process does not slow the entire operational chain.
Reports from CAB can help lessen the tension and anxiety for truck drivers and companies. When they understand the information CAB reports gather, they can take steps to address potential risks before applying for coverage.
Accurate CAB reports benefit both insurance underwriters and trucking companies and carriers. Underwriters feel safe with the risks they are taking on, and companies and drivers feel secure knowing they have the insurance they need.
For pioneering firms in the life sciences, finding the right insurer can be a challenge. When your work is to produce new discoveries, you need to work with a firm that has experience protecting those research-heavy projects and the companies that finance them. It’s a little different from lab insurance for product testing and other niches in the scientific community, and for firms that are more invested in manufacturing, testing, or other biotech niches, insurance for biotech companies is just as important. So who do you turn to?
Customized Insurance for the Life Sciences
If you want to make sure you get a policy built to suit, you need to go with a firm that has experience catering to the entire sector. As https://www.moodyinsurance.com/ points out, there are firms out there with over a century of experience who know how to build a policy around the customer, instead of offering a niche product for a small slice of the community. That means they will know what questions to ask about your operation, and they’ll also be prepared to offer you the right extra coverage options as your company grows and takes on new challenges. There’s no replacement for having an insurer who really understands your mission and your operation, so make sure you find the biotech insurers who know your business before you pick a policy.
Operations within the gas and oil industry are fraught with risks, regardless of whether your company is a provider of supporting services, a transportation provider, or in the midst of the drilling fields. The expert advice coming from Daniels Insurance cautions that there are both highly-noticeable and subtle liabilities lurking in each company. To help protect against the financial costs of the exposures, an insurance policy tailored to address oil and gas industry liability is strongly advised.
Common Coverages for Loss
There are dangers unique to the industry, with the most common claims filed after incidents that included fire, explosion, machinery breakdown or failure, CBI loss, and blowouts. Because these incidents cover significant areas of operation within the industry, any of the following areas of coverage are applicable.
- General Liability
- Professional Liability
- Well Control
- Inland Marine
- Commercial Auto
- Cyber Liability
- Directors and Officers Liability
- Surety Bonding
- Group Health Benefits
- Workers Compensation
The Potential Risks
Any business in the oil and gas industry faces risks with employee injury, property damage due to fire, or commercial automobile accidents. These aren`t that different from the risks that other businesses operating in other industries experience, but there are additional risks with hazardous waste, environmental spills, theft, regulatory compliance, and cybersecurity. Meeting with the right insurance agent can make sure a plan is tailored to each area of risk.