Why Private Companies Need Insurance Coverage in Case of an Incident

d&o insurance for private companies

While it’s a known fact that public companies can easily be sued or run into legal trouble, many business owners don’t realize the same can happen to private companies. D&O insurance for private companies is just as important, though. Here’s why it’s necessary to prevent problems and save businesses money.

Directors and Officers Need Protection for Their Position

Just like with a public company, directors and officers can be sued for a variety of reasons, even if a company is private.

Among these are:

A customer or other individual getting discriminated against
Lawsuits by shareholders
Non-compete agreements read more

New Mexico Business Liability Policy

Entrepreneurs face a variety of concerns when starting up their businesses. A New Mexico business liability policy may not be a top priority at first but maybe it should be. Insurance protects the financial assets of the fledgling company and helps retain the customers already gained.

Workers Compensation

All states require a workers compensation policy if you have employees. If you have not hired anyone but plan to, you should have a quote drawn up to better budget for the necessary insurance.

Commercial Property

However, you purchased the company’s property, it can be expensive to replace if there is a fire, vandalism or theft. Renting or owning an office or warehouse space makes commercial property insurance a must have. read more

insurance for contractors in Clifton New Jersey.

Top 3 Marine Insurance Claims

If you own a boat, you need to protect your investment. While you know to seek out insurance, you may not understand the importance of comprehensive or extensive coverage. You need to make sure that you’re covered for the most common New York marine insurance claims. Here are three of those.

Submerged Object Impact

No one wants to think about their ship coming into contact with any sort of submerged object. These collisions are not only dangerous but you can lose a lot of money just from a small impact.

Weather Damage

A lot of weather damage occurs on the water. High winds and heavy rain damages ships. It’s important for you to have full coverage when it comes to weather damage. Take into consideration where the ship is stationary most often and make sure that your boat has the proper amount of coverage. read more

osteoporosis prevention

Many different factors lead to the development of osteoporosis. Lifestyle, diet and bone development in childhood can all be contributors to osteoporosis. There are active roles you can take to fight and prevent osteoporosis, however. Here are three top osteoporosis prevention tips.

Calcium Intake

Calcium is vital to bone health. In order to get a sufficient amount of calcium, eat vegetables rich in calcium. Kale, broccoli and almonds are high calcium foods. Milk also contains a lot of calcium, as do some plant-based milks. read more

More and more people are opting into the gig economy choosing flexibility over rigid corporate jobs. Many people use gig jobs to have supplemental or extra income. Whatever your reason for being a part of the gig economy, it may be time to invest in commercial auto insurance Orlando FL.

Delivery Driver

Delivery drivers often use their personal car when making pizza, take-out or grocery runs to customer’s houses. Unfortunately, your personal auto insurance may not provide coverage when you use your personal vehicle for commercial purposes. read more

freeman insurance agency

There are two different kinds of people in the world. Camper or glamper, there is no wrong way to enjoy the great outdoors. Before planning your next outdoor retreat, be sure that all participants are on the same page as far as what to expect. A glamper might not enjoy the same things a camper does, and vice versa.

Glamper

A combination of the words camping and glamorous, people who enjoy glamping err on the side of luxury as opposed to rugged. They usually camp in RVs or trailers which are insured by a reputable agency like Freeman Insurance Agency. They prefer to observe Mother Nature from the comfort of their armchair, sipping a cocktail as they peruse through Netflix. read more

yacht club insurance

Set Sail for Personalized Insurance Policies

As the Roman Stoic philosopher Seneca famously stated, “If one does not know to which port one is sailing, no wind is favorable.” Though he lived more than 2,000 years ago, Seneca’s words ring true today, especially when it comes to finding yacht club insurance. The modern world of insurance can be overwhelming with the sheer variety of options, but smart marina and yacht club owners not only know their business but also plan for the future.

Consider Your Needs

When beginning the search for comprehensive yacht club insurance, gather your company information together in a portfolio. Consider your company’s unique needs and how they can be best served by an insurance company. Some good facts and figures to have on hand include your company size, the types of seacraft and clientele to which you cater and your geographic location. read more

state fair insurance

Putting together a statewide event can be an exciting endeavor that benefits the residents of the area as well as tourists. State fairs and expos are popular events filled with entertainment, experiences, food, specialty products for sale and other features that attract large crowds. However, before delving into the fine details of your event, it is important to consider some key elements, such as state fair insurance, are put in place to avoid any unnecessary and costly mishaps.

Inherent Risks

While the risks involved in putting together a large-scale event are inevitable, it should not discourage you from throwing your event altogether. These events can help increase tourism and the state’s income, create jobs and may improve quality of life for residents who look forward to these types of experiences. However, getting coverage exposures such as the following should be a priority before getting started:
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insurance agency in Needham

Searching for business insurance can be a challenge for new business owners. The large number of coverage options combined with the confusing industry terminology can make it difficult to come up with an adequate policy on your own. That’s why working with a reputable insurance agency in Needham is the best way to ensure that your policy truly meets your needs. As you seek out assistance, here are three foundational coverages that you should plan to include in your policy.

Property Insurance

Property insurance covers you in case your business property is damaged or destroyed by a fire, storm, vandalism or theft. Items that can be covered by your property insurance include your building, equipment, furniture, computers and your electronic data. read more

insurance content marketing

What do customers find to be one of the most appealing parts of insurance content marketing? It’s free. People visiting your insurance agency’s social media or website don’t have to pay to see these pieces of content. Often times, there’s no sale pitch pushed at them, just giving them exactly what they see. They could be gaining information, advice, a good laugh, entertainment and more—the list goes on—and it’s all offered to them free of charge. This type of marketing can be highly interesting, encouraging viewers to share and view more, eventually leading to more attention to your brand, a positive perception of your insurance company and more clients for you to work with.
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