There are times when a company needs to extend its employee injury insurance past the workers’ comp coverage they carry. Most states allow for companies to carry private insurance coverage for mandated injury liability, but four do not. These include North Dakota, Ohio, Wyoming, and Washington. Within these states, companies are required to obtain coverage through state-funded programs, which leaves a gap in some additional areas of liability. The information found at https://www.wwspi.com states that stop-gap insurance addresses this exposure.
Areas of Liability
The exact nature of gap insurance is what other companies carry in the form of employer liability coverage. This covers the potential suits of
- Third-party suits
- Public tort claims
- Intentional endangerment
- Dual capacity claims
- Injury or illness not covered by workers’ comp plans
Additionally, leased employees are excluded from the worker’s compensation plans. The endorsement of employer liability would be enacted in most states, but within the four mentioned above, stop-gap insurance becomes the defense.
The Cost of Coverage
Most insurance companies will determine the base price of stop-gap coverage according to your company’s payroll total. For normal liability policies in private insurers, it is often an endorsement set at a minimum amount. Check your current policy to see if employer liability is addressed, and if not, contact your broker for a quote on extending your coverage.
Giving Drivers Peace and Security
Drivers know there are risks that come with driving. Auto insurance companies in CT understand your concerns and offer insurance policies that give you peace of mind whenever you get behind the wheel. That way, you can drive without worries.
Policy Coverage Options
You deserve a policy that keeps you safe on the road. That’s why auto insurance companies in CT offer a range of policies for you to choose from. The following is a list of coverage options for you to include in an auto insurance policy:
Uninsured or underinsured drivers
There are also additional coverage areas, including full glass coverage, insurance for rental cars and towing. An insurance agent can discuss the full range of coverage options for you to choose from, so you can build a policy that provides you with the protection you need to feel safe while driving.
Keeping Drivers Safe in Connecticut
Auto insurance was designed to provide adequate protection for drivers, passengers and vehicles out on the road. Auto insurance companies in CT understand the risks involved with driving and the concerns drivers have, which is why these companies offer policies tailored to your needs. The right policy can help you feel safe while driving and keep you protected in the event of an accident.
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 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.
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.