Why E and O Insurance is Necessary for Agent Protection

It’s important to have proper insurance coverage depending on one’s profession. This includes E and O for insurance agents since they can run into problems when performing work for their clients. Also called errors and omission, this is common in any business that involves drafting or creating a policy. Here’s why it’s a valuable asset to have.

E and O Covers Mistakes

Although mistakes happen in just about any job setting, it’s possible a gross or negligent mistake can occur that costs a company or individual a lot of money. Having E and O insurance means the agent is protected and can keep on working without fear of repercussions.

Having This Coverage Protects in a Lawsuit

For agents that find themselves involved in a lawsuit, having E and O insurance means they’ll be protected from losing their own personal money should they accidentally make a mistake. In some cases, individuals and business owners can lose anything of value they personally own when they aren’t insured. This protection makes it possible to keep business out of one’s personal life.

When looking for coverage, E and O for insurance agents are important to have. It can protect against a variety of mistakes while allowing individuals to hold on to their money and continue to work.

3 Ways To Grow Your Laundry Business

When starting your own laundry business, whether it’s dry cleaning, coin-operated, something else or a mix, it’s important to have a clear laundry service business plan. Before beginning or making a change to grow, get an exact idea of what you would like to do based on your situation.

Find a Solid Insurance Plan

Look into policies that aim specifically towards your needs. Laundry business insurance programs exist with a focus on fabric care and various clothing cleaning services. By choosing this type of insurance as a part of your laundry service business plan, you can ensure that any problems you may face can be covered by your insurance.

Figure Out Who You’ll Serve Most

Any business has a target market. In terms of laundry care, this can be quite broad, but will usually narrow down to groups such as younger adults living in dorms or small spaces without washing machines, busy families needing a quick and convenient way to wash a lot of clothing, elderly persons who may not have the ability to do laundry on their own, etc.

Make Your Business Stand Out

When you have an idea of the type of customers you’ll want to attract, think of ways to grab their attention above other services as part of your laundry service business plan. For example, if you have people who likely can’t handle everything on their own, offer professional services to do their laundry for them.

Considerations for Cleaning Services

Considerations for Cleaning Services

When schedules are cramped, or space needs special attention, cleaning services are a popular choice for many residences or businesses. Though basic housekeeping may be manageable for the average person, this might not be an option for those pressed for time or needing the job done on an expert level. Because of this, professional cleaning services are often sought after. However, like all businesses, all cleaning services are not equal. If you currently have or are considering running your own, it is important to stand out from the competition and protect your assets with cleaning service insurance.

Types of Jobs

While you may have control of the type of jobs you want to take on, it is helpful to understand the market and the potential clients that may require your services. Cleaning services are often tasked with the following responsibilities:

Everyday housekeeping
Deep cleaning on a weekly or monthly basis
Preparing areas for inspection
Using specialized equipment to perform tasks


The cleaning industry needs coverage like other businesses but getting a plan that’s tailor-made can be very useful. Specialized cleaning service insurance can help ensure that the unique exposures that those in this business face are covered in case there are any damages, equipment failure or other risks while on the job. Before even accepting clients, it is advised to make sure to establish this coverage.

3 Questions to Ask Regarding Insurance for Your Valet Services

The professional field of valet services is fast-growing, so ask your insurance company these three questions to protect your business now and in the future.

1. What Events Are Covered by General Liability?

One of the most important insurance areas to cover for your valet business is the general liability sector. Accidents can happen to even the most organized business owners or managers, so make sure your business is protected in the eventuality that one of your valet drivers accidentally hits another vehicle or a pedestrian.

2. What Options Are Available for Workers Compensation?

Like most businesses today, if you hire employees then it is a valuable idea to make sure you are up-to-date on your state’s requirements for workers compensation. Further, safeguard your company and employees with a valet insurance policy that can cover disability or medical coverage if they are hurt while on the job.

3. What Garage Liability Plans Are on the Market?

The majority of the time a client’s vehicle is in your care, it will likely be in a parking lot or garage deck. Therefore, research insurance policies that include coverage for potentially damaging events that can happen while the vehicle is parked, such as theft or collision. While you focus on returning vehicles in the condition you received them, you can relax knowing your insurance plan is protecting your business.

By understanding the unique aspects of your company operations, you can ask the right questions and find a valet insurance plan tailored to protect your business, employees and clients’ property.

Yacht Insurance: The Two Types

Yacht Insurance: The Two Types

Yacht insurance policies offer coverage for pleasure boats. These policies might offer coverages such as liability, damage or bodily injury, as well as damage to boats and personal property. Your coverage and perks depends on the provider itself. Here is what you need to know about yacht insurance Newport Beach residents need.

What Is Yacht Insurance?

Yacht insurance is a specialized coverage for yachts. Sometimes this includes classic or antique boats also. Generally, yachts are boats that are over 26 feet long. The yacht coverage tends to be specialized because there are more risks involved in owning a yacht.

Hull Insurance

Hull insurance covers damage. This policy might include replacement cost and partial losses. The only components that aren’t usually covered are those items that will depreciate over time. For instant, batteries and sails may not be under your coverage.

Protection and Indemnity Insurance

This is a broad liability coverage. This type of coverage helps you when it comes to legal matters. Maritime law is unique and you have to be prepared for that. This will help you with your defense or pay judgments against you.

When it comes to yacht insurance Newport Beach residents should trust in, most choose extensive coverage. To pay for any damages, particularly for a yacht, can completely break the bank. It’s important to trust in an insurance policy that will give you peace of mind.

3 Things You Should Know About Tail Insurance

Every lawyer, doctor and nurse knows a little something about professional liability tail coverage. But no one knows everything about this smart policy that protects professionals from potential lawsuits even after their original liability coverage expires. Here are X things everyone should know.

Is It Really Called Tail Insurance?

Many medical and legal professionals may not recognize tail insurance by its technical name, so if you encounter an Extended Reporting Period policy, know that you’re talking about tail coverage. Though it is often called an insurance product or policy, it is actually an endorsement tacked on to the end of a malpractice policy, hence the nickname. An endorsement is an addition to an existing insurance contract.

How Long Does Tail Coverage Last?

The length of protection provided by tail coverage can vary. Typical endorsement lengths are two, three, five and 10 years. It is possible to get perpetual coverage, as well, protecting a policyholder indefinitely.

How Much Does Tail Coverage Cost?

Tail coverage can be expensive. Typical costs range from 150 percent to 300 percent of the underlying premium. Each insurance company determines rates differently, so to get the best idea of what it could cost, consult with the malpractice insurance company. Note that many standard malpractice insurance policies include a free tail for disability, death and retirement.

Understanding an RRG

For many businessmen, the benefits associated with using a risk retention group (RRG) are lost in the misunderstanding and confusion about what an RRG actually is and does. To alleviate some of the stress and questions, here is a simple breakdown on the topic.

In the late 1970s, the federal government got involved with the skyrocketing costs of insurance premiums by using a task force to investigate what was making the cost of coverage so unreasonable for many small businesses. In an effort to costs stemming from fear and greed of commercial insurance, legislation was passed that allows several businesses to partner together and form their own insurance group. These became known as RRG’s.

The benefits of establishing, joining or using a risk retention group are many. Several of these include:

There is an establishment of a competitive market and rates.
Members have direct control with issues like litigation or management concerns.
There is an elimination of market residuals.
There is no expense associated with fronting fees.
There are also no licensing requirements or multi-state filing needs.

If you are interested in using a risk retention group, it should be noted that the insurance coverage will not be comprehensive. Liability insurance is the only policy that can be offered, leaving you with gaps in areas that might have other significant exposure.

Top Alternative Treatments for Alzheimer’s Disease

Top Alternative Treatments for Alzheimer’s Disease

While there is no cure of Alzheimer’s treatment, there are varieties of treatments that can help make a patient’s life more comfortable and help with prolonged health. Along with traditional medicine, there are a number of alternative treatments.

Omega-3 Fatty Acids

This polyunsaturated fatty acid is crucial for brain health. Omega-3s help with brain health and heart health, preventing heart disease and stroke. Your brain contains DHA, which surrounds nerve cells. Consuming foods high in Omega-3s may help treat Alzheimer’s or protect against cognitive loss.

Cannabis Oil

Cannabis oil can assist in managing some of the behavioral symptoms of dementia. For instance, agitation and aggression might be eased when it comes to using cannabis oil. THC invokes feelings of relaxation and sociability.

Ginkgo Biloba

This plant extract contains several compounds that have positive effects on the brain and body. It’s an antioxidant with anti-inflammatory properties. Many take it as a way to try to protect cell membranes and regulate the neurotransmitter function.

There are no cures to Alzheimer’s disease. Most Alzheimer’s treatment options focus on managing the symptoms and preventing loss of cognitive function for as long as possible. Some alternative medicines can help patients live a better quality of life. Some of these alternatives are omega-3 fatty acids, cannabis oil and Ginkgo Biloba.

Three Easy Insurance Coverages For New Business Owners

As a business owner, you have a lot on your plate. As a result, you don’t have time to sift through various business insurance coverage options to find the right one for you. Rather than figuring out which business insurance options best fit your needs, work with an experienced agent who can help you create a policy that’s perfect for you. In the meantime, here are three simple coverages that you should expect to see in your policy.

General Liability Insurance

General liability insurance covers you in case a third party sustains an injury or property damage on your premises. Slip and fall accidents are examples of incidents that are covered by general liability insurance.

Professional Liability Insurance

Professional liability insurance covers you in case a third party claims that an error or omission on your part led to them experiencing a loss. In the medical industry, this is also known as malpractice insurance.

Property Insurance

Property insurance covers your business property including your building, equipment, furniture and electronic data. If your covered items become damaged or lost because of a fire, storm, vandalism or theft, your policy will cover the cost to replace or repair your items.

There are other insurance options that you can take advantage of depending on your industry. Agents who are well-versed in New Mexico business insurance can help simplify the process for you.

How To Choose The Right Construction Insurance Company

The construction business experiences ups and downs, changes in projects and a wide range of employee types. How to find the best construction insurance in New Jersey can be a challenge. Use these tips to find the right agency for your business.

Policy Price

Some insurance providers offer exceptionally low costs, but the real question is what are you sacrificing. A cheap policy may not offer the protections your project or construction business needs. Inadequate coverage can cost you more in the long run.

Construction Specialist

An easy way to make sure you have adequate coverage is by using an insurance provider who specializes in your industry. An agent or broker not versed in the construction industry doesn’t understand all the risks your business faces.

Professional Trust

Sometimes it comes down to your gut instincts. An insurance provider that shoots straight, delivers what they promise, has a good reputation and answers your questions in a timely fashion may be the perfect fit. Don’t settle for an agent or agency you don’t trust.

These tips on how to find the best construction insurance in New Jersey can help you narrow down your options. Ask questions to make sure you have all the coverage you need at the best prices available. The agent may also offer tips on how to save additional money.