Storm Damage & Commercial Property Building Insurance in Orlando

Due to the nature of the region and the possibility that a major storm could hit the city of Orlando every year, many business owners have concerns relating to what may or may not be covered under their current policy. While some components of the storm, such as wind and rain, damage will be covered causes of loss, under a policy for commercial property building insurance in Orlando, they would not be compensated for damage resulting from a storm surge and flooding as these risks will likely excluded altogether.

State laws affect how coverage is determined

Many states have adopted an “efficient proximate cause” test to determine coverage when there is both covered and excluded perils contributing to a loss. However, this has no set meaning and courts may interpret the test differently. Some courts view it as “dominant” or “predominating” cause, while others might see it as the risk that sets other causes in motion. Without uniformity under state law, policyholders are left unsure as to whether their losses will be covered.

Provisions in some policies may complicate issues

Some policies contain what is known as an “anti-concurrent causation” provision, which provides that the insurance company will not pay for loss caused by an excluded peril, even if a covered loss contributes directly or indirectly or in any sequence to the loss. Through this clause, the insurance company may seek to avoid coverage entirely if there is even one potentially excluded cause responsible for the loss or damage. This enables insurance companies to contract around the efficient proximate cause doctrine.

Another complicating factor to the problem is the ensuing loss clause found in some policies, which reduces coverage for a loss from a covered peril that follows as a consequence of an excluded peril. For example, if a policyholder suffers loss from an excluded cause, (such as flood), but the building is consumed by fire shortly after, then the loss should be covered. With storms of significant magnitude, it is likely that insureds with such policy provisions will remain uncertain as to their coverage, at least until a more uniformed structure is implemented. Speak to an agent concerning your concern with your current commercial property building insurance in Orlando. It’s important to have the right policy in place.

Distracted Driving and New Jersey Commercial Auto Insurance

Ten percent of all drivers 15 to 19 years old involved in fatal crashes were reported as distracted at the time of the crashes. This age group has the largest proportion of drivers who were distracted at the time of the crashes, according to the National Highway Transportation Safety Administration. A 2015 Erie Insurance distracted driving survey reported that drivers do all sorts of dangerous things behind the wheel including brushing teeth and changing clothes. The survey also found that one-third of drivers admitted to texting while driving, and three-quarters say they’ve seen others doing it.

This not only demonstrates the need for new jersey commercial auto insurance, but stricter laws against distracted driving due to selfish individuals who place their wants above the safety of others. Accidents increase the cost of insurance overall, and using the time meant to practice safety while driving to instead, text, make calls using a handheld device (as opposed to a blue tooth system), or engaging in other activities is at the root of the problem.

Drivers of all ages are to blame

While texting occurs particularly among younger drivers, people of all ages seemingly can’t resist sending or answering a text while behind the wheel of their car. They don’t consider the consequences of their actions until it is too late. It only takes a second or two of taking your eyes off of the road for conditions to change and an accident to occur. If someone winds up losing his or her life because of this type of activity the tragedy of the situation goes much deeper.

For example, a child could run into the street after a ball, or another driver might quickly enter onto the street from a driveway. Someone paying full attention to the situation can possibly avoid being involved in an accident or much worse. Any number of things can spring up suddenly and your inattentiveness can result in financial disaster and longing regret.

Safety groups continue to press for restrictions on phone conversations and text messaging while behind the wheel, but in the end those drivers must bear the responsibility of refraining from the use of smartphones and other gadgetry when they’re supposed to be giving the task of driving their full attention, not only for their own lives, but for the sake of others. Having new jersey commercial auto insurance can fix a car but it can’t bring a loved one back to life.


Recreational Marine Programs For Your Insureds

As an agent familiar with the various recreational marine programs and the types of insurance required for your clients to be properly protected, you understand how vital this coverage can be. Your clients need to be properly insured to ensure that they don’t lose everything in the event of a major claim against them.


Having a commercial property policy that responds to the types of hazards that sometimes exist around marinas is vital since it provides coverage for the building, its contents, and any loss of business income due to business interruption, including acts of vandalism, fire, wind, and major storms.


The marine industry is fraught with exposures faced by the various segments and the possibility of a calamity occurring is something they must be aware of each and every day. You can help them look at each risk and evaluate and determine the type of coverage, limits, retention levels and special enhancements needed in order for them to be properly protected. You have access to a wide range of products and services and can provide them with added value.


Important coverage options


Anyone operating a club has a responsibility to provide safe and secure mooring to their customers. They need to consider the types of incidents that often occur in and around these areas mobdro for iphone and have their staff work diligently to make sure they are running a safe facility. Having a marina operator’s liability policy that covers boats (as well as other items belonging to clients and customers) that have been left in their care, custody, or control will give them added peace of mind.


Inform those interested in flood coverage that this is another important piece of the puzzle since this policy provides coverage to the building and the contents inside. However, it will not cover boats, docks, bulkheads, landscaping or any property outside of the foundation walls of the insured building. Whether we’re talking about boat builders, yacht clubs, boat dealerships, or marine manufacturers, they can all benefit from having similar insurance portfolios.


Depending on the size of their operations they may need an additional policy with higher limits of liability coverage. They can accomplish this by purchasing an umbrella liability policy. Another option is the broader bumbershoot liability policy. These policies offer broader protection, especially in case of a lawsuit. Help your clients understand their options available through recreational marine programs and to get the protection they need.


Surety Bonds in New Jersey for Performance and Payment

Surety bonds in New Jersey for performance and payment are crucial in the construction industry because, without them, contractors would likely be unable to secure projects. As many experienced contractors understand, the ability to bid on a public construction project is often decided upon based on the benefits it offers. They also realize that, for larger projects, whether on the municipal, state, or federal government level, the greater the odds are that there will be imposed a substantial performance and payment bond requirement.

Securing bonds gives contractors and construction managers a leg up on the competition. Bonds are in place to guarantee work, as well as any payments due to individual parties who perform services in the execution of these projects. Performance bonds are guarantees by a bonding company that jobs will be completed per the specifications of the contract.

How crucial are bonds for performance and payment?

A payment bond ensures that subcontractors and material suppliers are paid according to contract and these bonds are typically used in conjunction with performance bonds, usually on the same bond form. Even though they are frequently underwritten together, they represent two separate bonds. Like all surety bonds, they are issued by a company that backs the agreement between the contractor and the owner of the project relating to a particular job being done on the property owner’s site.

Contractors need to purchase these bonds whenever they are negotiating a construction contract, understanding that this is different from insurance, as the bonding company will not merely write a check if the intended party is unable to complete the required work. If a contractor or subcontractor is unable to complete a job then the bonding company may put the job out to bid with another selected contractor.

The cost of surety bonds in new jersey can often depend on a number of factors, including the size of the job at hand and its contractual terms, the amount of bonding coverage required, the principal contractor’s work record, the principal contractor’s credit score, and even the principal contractor’s other financial credentials. By providing your clients with surety bonds for performance and payment they will feel satisfied that their project is in good hands.

Avoiding Lawsuits By Having Dangerous Dog Insurance

There are at least 4.7 million dog bites every year in the US, a figure that is likely higher since many cases probably go unreported. From that total, fortunately only about 800,000 victims receive medical attention annually. Many of the more seriously injured victims often don’t receive compensation due to the fact that they’re bitten when the owner isn’t present and cannot be identified. There is cause for added concern because many dangerous dogs can be found wandering the streets.

Those that are held accountable for the actions of their pets will need dangerous dog insurance or another form of dog bite coverage if they are named in a lawsuit. The liability segment of the insurance industry only pays an average of 17,500 dog bite victims per year, according to the Insurance Information Institute. It is approximated that payments are made to only 2% of victims who wind up going to see a doctor for injuries resulting from dog bites.

Additional insurance for dog owners makes sense

In the event that you are sued you may find yourself worrying about whether or not you have bought enough insurance coverage to pay for any claims. You must understand that the $100,000 limit found in most homeowner policies is usually enough for most settlements, but If the injuries are substantial, this amount may not actually be enough. If that is the case, you’ll want to have an umbrella policy or excess policy in place. Umbrella and excess policies generally provide $1 million of coverage for about $100 per year.

Keep aggressive or dangerous dogs on a leash

For owners of dogs that show signs of aggression you really need to keep the dog away from people, especially small children. A leash, or muzzling your pet when it is around people is advised, as well as strictly following all animal control laws (anti-trespassing laws) that apply to dogs and their owners. Owners of dogs deemed “dangerous breeds” have a difficult defense when the animal attacks someone.

There are measures you can take long before a situation escalates. First, be extremely sympathetic to the dog bite victim (and their family), and show concern without necessarily accepting blame. Offering to pay for any medical services that may be required can certainly defuse the situation. Hopefully they’ll see you as someone caring and may decide not to take you to court, but make sure to have dangerous dog insurance to deal with any instances where your dog behaves badly.

Indiana BOP Insurance Can be Cost Effective

Starting up a business in Indiana can be a very exciting proposition. Operating the right type of company can lead to success but getting there requires making some sound decisions. When you have your own company you have to think about the risks and exposures associated with the types of products and/or services you provide. This means knowing exactly what kinds of insurance products will best serve your needs as well as the needs of your clients.


One question that is asked very often by business owners is “Do I need business insurance?” The answer to this question is simple, but raises other questions. For example, there are many different types of insurance available to a business owner. Property and liability are at the forefront of everyone’s needs. These can be purchased separately, or Bundled in an Indiana BOP insurance package, along with other crucial policies.


What are the advantages to a BOP?


Generally speaking, a business owners’ package is advantageous to business owners looking to cut costs since the price is usually lower than when you buy each individual policy separately. You can buy other policies separately for employee benefits, workers comp, and business auto since they are not offered in a bundled package.


Lawsuits can be costly, and a business can be sued at any time. Once a money judgment is rendered against you by a court of law, it must be paid out. In certain situations, judgments can be renewed, but in the end if you aren’t properly insured, then this type of loss can be quite damaging.


Work with an agent familiar with Indiana BOP insurance. If the agent knows a lot about your business they’ll also have a better understanding of your insurance needs. As a result they’ll be able to get you the correct insurance for your needs that will be the most cost effective for your business. This is an important decision so you should shop around. Do some research on what different companies offer and how much they charge for coverage. You may be surprised to find you could end up saving a lot of money when you see the difference in cost between competing companies.


Specialization and California Products Liability Insurance

Those businesses operating in the supply chain of a product, and specifically manufacturers have a responsibility to the retailer and their customers that demand they support any products they create with the protection provided by having California product liability insurance. While your commercial general liability insurance coverage can offer a degree of protection, only products liability coverage will address many of the possible risks that may exist.

Product liability and consumer laws can be incredibly complex. There are currently an array of federal regulations as well as individual statutes that can vary significantly from state to state. As a manufacturer here in California, you need to ensure that you understand these regulations and work hard to stay within those boundaries for your own protection, as well as that of your clients and customers.

Product safety should be a priority

You have a lot of risk when it comes to introducing products into the marketplace and a lawsuit can undo all of the hard work that you and your team put into making and creating useful products that are also safe to use or operate. This is why you need to ensure you get the necessary protection, and why you should call on the expertise of an experienced provider that understands both your needs and concerns and can provide you with a comprehensive package that addresses the exposures prevalent in this dynamic industry.

Partner with an agency that will customize a product insurance plan that takes into account many of the regulations that must be adhered to, as well as someone who can also familiarize themselves with the products you make or supply and the risks associated with them. This can be critically important because California product liability insurance rates may be very closely aligned to many aspects of the type of work your company performs, including the types of products, their usage, the volume supplied, and the materials in use.

It takes a specialized knowledge of product manufacturing that helps enable an agency to be more responsive and efficient. You’ll immediately know when you are working with people who understand what you do and what you need to get it done.