Companies face a danger of lawsuits relating to fiduciary liability. As such, it is the company’s responsibility to protect employees in charge of financial and personal accounts with fiduciary liability insurance.
Who Is This Insurance For?
This type of policy is designed specifically for individuals in charge of finances, such as savings, profit sharing, and pensions, as well as benefit plans, such as healthcare, employee benefits, and wellness. A fiduciary can be any of the following individuals within a business:
How Does This Insurance Help?
Research at Axis Insurance states that this insurance is essential in assisting with legal fees and defense costs associated with claims filed against a fiduciary. The nature of the work done by fiduciaries is often personal and involves financials, which makes it highly sensitive. As such, claims filed against fiduciaries can be damaging to the company. This insurance can cover the following types of claims:
Poor investment choices
Errors in benefit plans
Missing or unfiled reports
Insuring Your Fiduciaries
Being in charge of and overseeing sensitive data relating to an individual’s financials or benefits comes with a lot of responsibility. It is vital for any business that handles this type of information to have fiduciary liability insurance to protect your employees and your brand.
Obtaining insurance can be a complex and confusing process. With industry jargon and complicated fine print, it is no wonder that many settle on whatever policy their insurer offers them. Unfortunately, that can mean expensive rates for weak protection. Allegiant is here to change that. We base our service on the needs of the client and not the needs of our bank accounts. Thanks to Allegiant Insurance customer service, our clients receive the protection they deserve.
Analyzing Your Needs
Our team can give you the policies that work best for you because they analyze your situation carefully and asses your risks. We know each client is different. That is why we make an effort to build a plan that is unique and that includes coverage they need. We make your protection fit around you and not the other way around.
A Caring Approach
Dealing with an agency can be stressful and intimidating. However, here at Allegiant, our team members provide a caring and understanding experience that stands out from other agencies. We make getting insurance easier with our wonderful and kind staff.
We believe active insurance starts with excellent customer care. Experience fantastic Allegiant Insurance customer service for yourself by reaching us online, on the phone or in person.
Signing up for insurance is one of the least-discussed aspects of entrepreneurship. Everyone focuses on income and expenses, but rarely is insurance discussed, even with the potential for your business to be sabotaged without it. If you’re interested in starting an independent consulting firm, Albuquerque insurance agencies are ready to help you. Here’s what you should know about the most basic coverages that will serve as the foundation of your policy for your independent consulting business.
Professional Liability Insurance
Professional liability covers you in case a client files a lawsuit claiming that they experienced a loss because of an error or omission on your part. Your policy would cover your attorneys’ fees as well as judgments and settlements.
General liability insurance is more of broad coverage in that it covers third-party claims related to injury or property damage caused by your business. Once again, if a lawsuit is filed, your policy will be available to cover your legal expenses.
As the name implies, property insurance protects your business property against loss or damage. Items that can be covered under your policy include your building and landscaping, furniture, equipment and even digital assets. Your property will cover the cost to repair or replace these items in case of a fire, inevitable storms, theft or vandalism.
There are plenty of other coverages to choose from depending on your needs. The best Albuquerque insurance agencies will be willing to customize their offerings to meet your demands.
Insurance for Cyber Security Attacks
In today’s world, businesses are exposed to cybersecurity risks more than ever before. As such, insurance companies began providing cyber risk insurance to help companies recover from cyber attacks and data breaches.
The Dangers of Cyber Attacks
Cyber attacks or data breaches occur when someone finds a way into your network and breaches your security. From there, the hacker can steal information, delete files and even download viruses that can damage your systems. Some of the results of a cyber attack include the following:
Leaked or stolen customer data
Malicious software viruses
Heavy legal fees
A regulatory investigation
The Protection of Cyber Insurance
Having cyber insurance for your business means you understand the dangers of a data breach and want to be prepared. Cyber risk insurance covers the following if an attack occurs:
Customer notification in the event of a breach
Legal and regulatory fines
Public relations costs
Credit monitoring expenses
Protection for the Unexpected
To protect your business and your clients, you need cyber risk insurance. That way, you can be prepared for an attack even if you don’t know when or if it might happen. However, taking this step and adding cyber insurance to your business policy means you are serious about protecting your business and customer information.
Everyone loves a good action adventure film. Production companies invest millions of dollars to create them and can spend millions more on publicity to build up the hype about the next big blockbuster. And sure enough, movie theaters are often at maximum capacity on opening night. Action films can be exceptionally successful and profitable, and can even lead to franchise opportunities. However, if you don’t have the proper action entertainment insurance you could lose everything in one unforeseen accident.
Insurance: Beyond the Basics
If you’re in the action adventure film business, you unequivocally want to carry action entertainment insurance. At an absolute bare minimum, you will need to make sure you have a good commercial general liability policy and substantial workers’ compensation coverage. Beyond those two basic policies, though, there are several different policies that you may want to look into – depending on the nature of what you’re filming. You should take a look at your highest risks and liabilities and obtain the best kind of coverage to protect you from any unforeseen issues in those areas. Some additional types of action film-related insurance coverage may include:
Stunts and scenes
Whatever kind of coverage you think you should obtain, it’s always best to speak to an insurance provider to get professional advice.
Are you looking for an Orlando insurance agency to help protect your new business? As you embark on your search for an agency, it’s good to understand the types of coverages that are available to you. For new entrepreneurs, here are three important coverages that you should expect to be included in your policy.
Professional Liability Insurance
Professional liability insurance protects you in case a 3rd party files a lawsuit against you claiming that they experienced a loss because of an error or omission by your business. If that were to happen, your policy would cover your attorneys’ fees as well as any other expenses for which you’re found liable.
General Liability Insurance
General liability also protects you in case a 3rd party files a lawsuit. However, it’s a more broad coverage in that it covers you in case someone suffers an injury or property damage because of your business. Like professional liability, your policy will cover all of your legal expenses related to the lawsuit.
Property insurance protects you in case your business assets become damaged or lost. Items such as your building, furniture, equipment and digital assets can be repaired or replaced if covered under your policy. Events that are covered include fires, storms, vandalism and theft.
Other coverage options such as workers’ compensation may also be necessary depending on whether you have employees. Your Orlando insurance agency can help you build a policy that meets your exact needs.
There’s a lot more to commercial truck insurance than just covering your truck. Rather than struggle trying to figure out all the coverages you need, it’s best to work with an experienced agent to ensure that your policy aligns with your business needs and meets government regulations. In the meantime, here are some of the coverages that you should expect to include in your policy.
General Liability Trucking Insurance
General liability trucking insurance is broad coverage for third-party lawsuits except those related to a car accident. It protects against injuries and property damage sustained on your premises or using your services.
Truck Liability Insurance
Truck liability insurance is protection for accidents you cause while driving your truck. It’s a required coverage at both the federal and state level and it’s going to be the most expensive coverage in your policy.
Physical Damage Truck Insurance
Physical damage truck insurance is first-party coverage that protects your truck and trailer. You can choose to purchase it for specific perils, which is the cheaper option, or on a comprehensive basis.
Motor Truck Cargo Insurance
Motor truck coverage protects you in case the freight you’re transporting becomes damaged or lost. This part of your policy can be tricky and being underinsured here can prove to be catastrophic.
In such a high-risk environment, you don’t want to take any chances with your insurance. Work with an agent who understands what it takes to have complete coverage from your commercial truck insurance policy.
Medical Professions and the Problem With Lawsuit Targeting
The home health care profession is growing. Unfortunately, as with all medical professions, lawsuits are common. This means that with the rise of home health care providers, the need for an insurance program for home health care providers increases. Like any other medical professional, home care nurses and caretakers are still prone to lawsuits.
The Disgruntled Patient
Everyone has a disgruntled patient now and then. Even if you don’t think that there is a valid reason behind it, you could still end up on the wrong side of a lawsuit. This is why it’s important to have insurance that pays for your legal fees and will help settle disputes if there are any.
The Simple Mistake
Professional liability insurance protects organizations against a single mistake or oversight. Sometimes, mistakes without malicious intent can have devastating results. In the healthcare industry, you have someone else’s health and oftentimes, life, in your hands. Mistakes happen. Home health care professionals are as human as anyone else is. Mistakes shouldn’t ruin your business.
When it comes down to it, the home health care industry will continue to need comprehensive coverages. Where it stands right now, it’s crucial to think about what the best insurance program for home health care providers would be for your business.
3 Tips to Choosing an Independent Insurance Agent
To find the right insurance agent might seem like an overwhelming task. There are too many options. If you don’t know where to look for independent insurance agents Albuquerque NM residents trust, here are three tips to help you.
Always look into an agent’s credentials. You want to make sure that you have a professional and certified agent that you can rely on. Do your research on the agents that you’re interested in. Also, make sure to check the professional designations on the agent’s business card.
Don’t hesitate to interview potential agents. Personality is as important as credentials in some regard. You want to find an agent that you feel comfortable working with. Keep in mind that you may have a relationship with the agent for years to come. You want to make sure you make the best choice.
After you’ve gone through the process to select an independent insurance agent, you need to trust how you’re feeling about the process. Take notes and look at your conclusions rationally. Make sure that you’re choosing an agent that fits most of your requirements. Likewise, go with someone that you can trust.
With the right tips, you can choose between independent insurance agents Albuquerque NM residents trust. Finding the right agent is tough, make sure you know what to look for.
Top 3 Tips to Choosing the Best Car Insurance Policy
The rule is simple. If you own a car, you need car insurance. While it’s as simple as that, in most cases, finding the right insurance policy is the difficult decision. Here are three tips to choosing the best policy from car insurance companies in CT.
Do a Rate Check
Always do your research first. Check rates from other companies to make sure that you have the best deal. You can use a variety of different rate comparison tools to find out if you’re getting the rate that you deserve.
Pick a Top Insurance Company
The insurance company matters. Make sure that you pick an insurer who has a high rating and comes recommended. You can ask around and check online to confirm a company’s reputation to make sure that you are getting a good deal.
Look for Discounts
No matter what type of insurance you’re buying, always pay attention to discounts. Many lower risk drivers are qualified for different discounts. In addition, if you have anti-theft or safety equipment, it might make you qualified for discounts.
With a few simple tips, it should be easy to get the most out of your car insurance companies in CT. You don’t want to pay too much for insurance coverage that you need. You can’t say no to car insurance but you can find a good deal.