Operating a boat rental agency can be enjoyable and financially rewarding, yet this type of business can also be risky. Many of the hazards inherent to operating a boat rental agency lie outside of your control. For this reason, choosing high-quality, comprehensive boat rental coverages is essential to looking after yourself, your business and your clients.
While many local laws require boat rental companies to purchase rental insurance, the coverage you are required by law to purchase may be minimal and may not meet all of your business’s needs. When selecting insurance policies and providers, you should consider risks that all boat rental companies face as well as risks that may be particular to your situation. For instance, you may operate in an area that is especially vulnerable to destructive storms.
While keeping your business’s insurance needs in mind, you should aim to choose the coverage that is comprehensive yet affordable. You should also be aware that boat rental coverage can extend to smaller vessels such as kayaks or canoes.
Areas Covered by Insurance
Coverage can include but is not limited to:
- Damage to your watercraft or rental property
- Tools and equipment
- Business income
- Worker’s compensation
- General liability
Getting the protection you need will free you from unnecessary worry, giving you more energy to focus on other aspects of your work, such as growing relationships with clients, marketing your business and enjoying the outdoor lifestyle your job may offer.
ICFs play an important role in the health care ecosystem, but it is also a role with unique needs and funding models. They are typically regarded as a long-term nursing care facility for those who do not need the full services of a skilled nursing facility but do require individual attention and support in several areas of daily living. Most of the time, they serve adults with developmental disabilities and those in declining health, and because of the personal services and types of support they offer and their role as a 24-hour care facility, they have unique insurance needs.
Finding Cost-Effective Coverage for ICFs
Residential care facilities are typically small organizations with eight to 15 residents at any given time. Since the services offered are very often based around the specific demographics the facility was created to support, there’s a lot of variance in the individual coverage options needed despite the small size and limited scope of care. Some facilities bring in extra professionals like occupational therapists or dietitians, while others provide support only through their own full-time staff. Those considerations need to be taken into account when a policy is quoted, which is why so many ICFs choose to work with insurers who specialize in their needs. This allows for comprehensive policies that are tailor-made to each facility’s staff and residents.
Cemeteries face their own unique liabilities, which is why it is important to have insurance coverage specifically designed for these final resting places. The safety of workers and grieving guests are of critical importance, so it is helpful to consider the various liabilities of cemeteries.
Risks for Cemeteries
Cemeteries are heavily trafficked by workers and mourning families, and therefore they are open to numerous risks, including weather exposure, visitor and worker injuries, and vehicle damage. The open-air planning of most cemeteries can make them vulnerable to several kinds of damage. It is also possible for employees to make work-related errors that lead to costly lawsuits. Due to the risks involved, it is important to have insurance that covers the various liabilities of cemeteries.
Types of Coverage
The proper insurance plan includes multiple forms of coverage, including:
- General liability – coverage for lawsuits by injured visitors or employees
- Professional liability – coverage for work-related mistakes
- Directors and officers liability – coverage for losses incurred by directors and officers
- Vehicle damage – coverage for damage caused by vehicle
There are other ways to protect against financial and professional losses, including property and cyber liability coverage. Properly managing business risks will ensure that workers are protected and that families can grieve their loved ones in peace.
Content is essential in any business, but it is particularly important in the insurance industry. As modern technologies and trends constantly change how customers consume information and services, the marketing strategies of your insurance company need to keep up. Here are some aspects of marketing that you need to understand to create successful content and campaigns.
The Content Medium
The kind of medium you choose to present your content depends heavily on your audience. Researching and identifying what your audience looks for can help you determine how you want to present your content. After that, you can move onto creating website pages, videos, blogs, and graphics that most appeal to your audience.
The Kind of Content to Create
Before you begin making content, you should brainstorm what your audience prefers. Consider everything from how easy your content is to read to how interested your audience may be in it. The amount of effort you put into your content really shows in the final product, and your audience can lose interest if it doesn’t look professional.
Expand your research by looking for content marketing tips for insurance agencies. There are plenty of available learning tools online to help you get your content up and running in a way that attracts your audience.
If you are an insurance agent focusing on commercial policies in the marine industry sector, you probably already know there are a few specialty carriers who focus on everything to do with the water. While you’re considering who to work with and how many of them to include in your list of affiliated carriers, one important consideration is whether a given carrier will help you and your clients build a business. That means looking into whether they provide solid informational resources client companies can really use as they work to tighten up a risk management plan. It also means checking out what they can do to help you generate boat insurance leads and build your sales.
Longtime Industry Players Want You To Succeed
Carriers know their income depends largely on the work of independent agents like yourself who bring their clients to them for quotes on specific coverage types for policies at all sizes. They also know that working with professionals like yourself is a lot more cost-efficient for them than trying to run those leads down themselves. That’s why many of them work to connect you to companies like dealerships who can, in turn, refer clients your way when they want a friendly, local face to help them pick out the right policy for a personal or commercial vessel.
When the new COVID-19 relief bill passed in May, small business owners in the U.S. had a lot to be happy about. For growers and distributors of legal marijuana, the news was especially good. This is because the bill contained legislation called the Safe Banking Act that specifically benefited the cannabis industry and those wanting to do business with it.
Changes to Banking
Previously, cannabis companies had to deal mainly with cash, due to the illegal status of the industry in the eyes of the federal government. Thanks to the Safe Banking Act, federal law now allows banks to accept money from the sale of marijuana in states where it is legal to do so. Because financial institutions now can do business with these companies without fear of penalty, cannabis entrepreneurs can take advantage of banking services for the first time.
Changes to Insurance
Due to both the high value and risk associated with the product, having a comprehensive insurance policy is crucial for anyone in the marijuana industry. Previous to the Safe Banking Act, however, relatively few insurers were legally allowed to offer coverage, so consumer choices were few. Under the new law, cannabis growers and distributors will enjoy both wider availability and the lower premiums that will come with competition.
Adding a tanker truck to your fleet is an investment that can open up different opportunities and introduce new revenue streams. However, insurance coverage for these rigs is similar to other trucks in many aspects but quite different in others.
Fuel and Hazardous Cargo
Transporting flammable or other hazardous materials present an escalated risk compared to hauling other cargo. If a truck carrying dry goods is involved in an accident it may require some cleanup but typically doesn’t cause extraordinary damage. If a tanker is ruptured then the result can be an environmental issue or significant damage to the highway and surrounding property. It is for these reasons that laws often mandate that fuel tanker truck coverage amounts be significantly higher than for standard rigs.
Property damage isn’t the only thing you can be held liable for in the event of an accident. Imagine that the wreck and resulting fire cause injury or harm to others involved. Bodily injury liability helps insure you against the cost of medical bills and expenses due to this situation.
Owning a tanker truck requires an understanding of the risk involved and the insurance policy needed to mitigate that. Talking to an insurance professional will help clarify the requirements and ensure you get the best rates.
Today’s consumers turn straight to the internet for leads and advice on where to shop and what products to buy. This includes things like looking for a new doctor or insurance agent. If you want to make sure your agency gets placed near the front of a search engine query, SEO is impossible to ignore. Here are three key pillars to search engine strategies for agencies that want to improve their rankings.
With this aspect, you are ensuring that your content and site can be easily recognized and explored by a search engine. Most content management systems will handle this function for you. Things it will take into account are ease of mobile access and adaption, page loading times, and index and return features.
On-site SEO Optimization
All of the pages of your website and the overall site as a whole should be optimized for SEO needs. Make sure your URLs are simple but descriptive and use keyword research that understands and reflects your target users.
What you say is more important than how you say it. Your content is going to tell prospective clients what you do, how and where you do it, and why they should let you do it for you. Incorporate elements of service, credibility, and marketing.
If you are sure of how to create an optimized internet presentation for your agency, you may find it is easier and more efficient to have a third party take care of this for you.
Road construction is necessary for the continued safety of drivers and the protection of their vehicles. Unfortunately, road construction can also be the source of damage to vehicles. Punctured tires, cracked windshields and chipped paint are all common occurrences from debris flying or littering the road.
The experts at SB One Insurance tell that when damage does occur, the Standard of Care law will help determine who is at fault. This law weighs the degree of attentiveness expected of the construction company to ensure damages do not occur to passing vehicles. Unfortunately, you’ll have to go to court to let a judge make that determination.
Take these steps if your vehicle is damaged by construction:
- Pull over in a safe area and take pictures of the damage.
- Write down or record what happened and the exact location while it is still fresh in your mind.
- Call the county sheriff to report the damage. The sheriff’s office will know which company was working in that area and can facilitate you making contact with them.
Many times, the construction company has insurance that protects against these types of situations. They should be willing to work with you without the need for the courts intervening. Remember, always drive slowly through construction sites and stay aware of any potential hazards.
If you’re thinking about investing in a pleasure craft of any size, you’ve got a lot of options out there. The first thing to do when trying to figure out what you’re going to get is to figure out where your budget is at. The second thing? Look at the big picture for your costs, including the possible maintenance and repair costs you’ll face. A lot of the time, a used boat can look inexpensive on paper only to have a lot of hidden costs. Buy near the top of your budget and you could be sidelined soon after the purchase by repair costs that take you a season or even two to save up and cover. There’s also the issue of insurance, storage, and upkeep even when all the parts are working just fine.
Is a New Boat Less Expensive?
There’s a lot that depends on the individual situation. Certainly, there are some instances where new vessels cost less than used ones overall, and cases where the reverse is true. What’s more important is what the purchase gets you. New boats often have warranty coverage and safety features that you can’t get with an older one. When you buy new boat insurance, those features and that warranty against mechanical failure can help you get better rates. They also help you buy closer to the top of your budget without worrying about unexpected costs if there’s an accident or a breakdown.