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A Knowledgeable Approach to Small Law Firm Legal Malpractice Insurance Coverage

A Knowledgeable Approach to Small Law Firm Legal Malpractice Insurance Coverage

Your small firm needs insurance coverage as much as a large firm does. In fact, it needs it more. A large practice has the operating cash flow to handle the claims filed against it. A smaller firm needs its operating cash flow to grow its practice. Work with a company experienced in small law firm legal malpractice insurance to ensure you have the best coverage.

The Right Policy for Your Firms Size

One of the primary things you will need is Errors and Omissions insurance to protect your firm against claims and possible legal action. There are many companies that provide this coverage, but do they work specifically with firms that staff 10 to 49 lawyers? This is what you want to look for when seeking out your policy provider, as these agents work just as hard for you as they would for a larger firm.

Other Things to Consider

Other things consider when looking for your insurance coverage are

  • Are the underwriters themselves former lawyers?
  • Do they have a proactive claims policy to mitigate frustration and loss?
  • Do they have a history of claims processing experience?

When insuring your firm, you aren’t just insuring yourself; you’re insuring your partners and staff, too. Look for an A.M. Best A XV rated company for your small law firm legal malpractice insurance.

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Equipment Breakdown Insurance in CT Prevents Unanticipated Loss

Equipment Breakdown Insurance in CT Prevents Unanticipated Loss

No matter what you do, your business relies on equipment. Your office has computers, copiers, fax machines, and printers. Your warehouse has electronic inventory tracking systems and forklifts. Your recreational facility has grounds and pool maintenance equipment. Every business has equipment and needs equipment breakdown insurance in CT.

The Special Problems This Poses

As technology has advanced, it has created a new set of problems every business owner must face and that is his or her equipment breaking down. When the machinery breaks down, the business breaks down, and customers react in negative ways. Rather than understanding, customers expect everything to work at all times, even though theyve experienced the same first-world problem.

The Consequences to Business Owners

Failing machinery interrupts operations, and depending on the duration, it can cost a company a tremendous amount of money. Lost revenue, refunds, and even lawsuits plague businesses when their equipment disrupts production. Equipment breakdown insurance in CT can mitigate your loss by covering

  • Equipment repair or replacement and its related labor
  • Profit loss due to business interruption
  • Restoration costs, including temporary production increases
  • Replacement costs of perishable goods

Contact a qualified company today to discuss how breakdown insurance in CT can protect you against unexpected losses. In todays technological world, no business can afford to go without it.

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Types of Malpractice Insurance

Types of Malpractice Insurance

Malpractice insurance in Austin covers cases of negligence that may be brought against you. Malpractice suits are fairly common, so having the proper insurance coverage is essential if you want to maintain your ability to practice medicine and protect your practice. You will have different options in coverage, though, so it helps to know what is available. Here’s a look at the three types of insurance typically offered.

Occurrence Coverage

This type of insurance offers coverage for any incident that occurs while the policy was current. Even if a claim is filed after coverage has expired, it will still be covered by the policy.

Claims-Paid Coverage

This type of coverage that is based on claims filed in the previous year and those projected for the current year. Coverage may extend to a certain amount of time after the policy has expired. Many times, tail-end coverage will be needed if you are switching to a different type of insurance plan after having this type.

Claims-Made Coverage

This type of insurance only covers claims that are made when the policy is active. It doesn’t matter when the incident occurred.

Choosing your type of coverage is important to making sure you have adequate coverage when you need it. It is also important to understand the different options in case you want to switch your malpractice insurance in Austin to prevent gaps in coverage.

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3 Types of Insurance a Staffing Agency Needs

3 Types of Insurance a Staffing Agency Needs

In many ways, a staffing agency is just like a traditional business in that it must protect its property and its permanent employees. However, because staffing agencies work so closely with individuals and other companies, they also need other types of staff insurance.

Errors and Omissions Insurance

Staffing agencies are responsible for providing thorough checks on the temporary employees they place within companies, including verifying references and education and doing criminal background checks. Should an employer find out the employee’s information was incorrect, the agency can be blamed. Errors and omissions insurance protects the agency if the employer alleges verification was inadequate.

Stop Gap Insurance

Staff insurance should include a stop gap policy. This protects them in the event that a temporary employee accuses the staffing agency of placing him or her in an unhealthy work environment. It provides liability in case an employee suffers an injury or contracts a disease.

Crime Insurance

If a temporary employee steals from his or her employer, the staffing agency that connected the two could be held liable. Crime insurance protects the agency by covering theft for both the client and the staffing agency. It can cover everything from basic inventory theft to complicated embezzlement schemes.

When choosing staff insurance, hire an agency that has experience in representing such a unique industry. A good insurance agency will be licensed and have excellent reviews from other customers.

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Be Sure Your Office Equipment Is Well-Maintained

Be Sure Your Office Equipment Is Well-Maintained

Employees are just one essential necessity for operating a successful business. While you also need proper protection with Virginia business insurance, making sure your office equipment is in good working order is equally essential. Be sure you take steps to maintain your workflow with well-functioning equipment.

Know What Needs to Be Maintained

To develop a solid maintenance plan, you should know which pieces of office equipment need regular service. Copiers, computers and printers are common examples, but don’t forget about your air conditioner and appliances.

Have Office Policies in Place

Once office equipment is serviced, keep it in good condition by establishing office policies that reduce waste and ensure equipment is used properly. Be sure equipment is only on when in use to save energy and put less strain on the device.

Make Sure the Right People Service Equipment

Only qualified technicians should take care of your equipment. Check manuals to see if they offer recommendations. Depending on the company, you might even be able to have maintenance performed for free.

Besides developing a proper maintenance plan for your office equipment, be sure you further protect it and the rest of your company with Virginia business insurance. Give your business, as well as your employees, every advantage they need to succeed.

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Your Landlord Will Love You if You Carry Dog Liability Insurance

Your Landlord Will Love You if You Carry Dog Liability Insurance

Did you know that some apartment complexes will not rent to dog owners without some sort of liability coverage on their animals? Although you know your faithful friend is a good boy, your landlord may be concerned about their risk of financial fallout if someone decides to hold you and the complex responsible for a misunderstanding or unfortunate event. That’s why you need liability dog insurance to ensure that you can handle any financial ramifications from a claim, as well as ease your landlords fears.

Liability insurance for your pooch can come in a few different forms. However, for best results, you may want to contact a local agency to purchase separate insurance. Your best bet is to opt for a policy that underwrites your dog individually, and this is especially helpful if you have more than one dog. Such policies are not breed-exclusive and will likely put your landlords mind at ease. Additionally, you can opt to include your property management company as an additional insured party on your liability dog insurance if they consent to it.

Don’t wait until a dog bite claim happens to purchase coverage. Taking out a policy for your pooch now will help protect you in the case of a claim. It will also make your landlord happy, and more willing to allow your dog on the property.

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3 Qualities That Set an Insurance Company Apart From the Rest

3 Qualities That Set an Insurance Company Apart From the Rest

When you’re sifting through the hundreds of available CT insurance companies that are vying for your attention, it’s important to choose the one that stands out of the crowd for all the right reasons. However, in order to do this, you need to know what qualities to look for, which ones mark a good investment on your part. Some of the main qualities you’ll want to look out for when it comes to choosing your company include:

1. Experience. This is, by and large, the most important qualities to look for. Established companies with experienced agents can offer you more coverage options in most cases, and have a long history of handling common problems that crop up in this industry.

2. Expertise. If you’re looking for a certain type of insurance (such as auto insurance) it’s a good idea to work with a company that specializes in that type of insurance. This way, you can rest assured you’re covered from head to toe against common threats you face every day.

3. Communication. You don’t want a company that refuses to get to know you. Rather, choose the company that offers you the opportunity to really connect with agents who want to get to know you before making your personalized insurance plan.

Each of these qualities serve to make your CT insurance companies stronger and more reliable. Finding the right company is a must if you really want to make your insurance experience a great one, and looking out for these qualities can make choosing the best option easier.

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3 Types of Business Insurance You Might Benefit From

3 Types of Business Insurance You Might Benefit From

If you’re a business owner, then you likely already know that ensuring your premises from a wide variety of threats is important. However, you might not know exactly how helpful having the right business insurance in NJ can be in the coming years. There are many more options out there beyond the basic general liability insurance and other common plans that can benefit your company in the coming years, and some of the best of them include:

1. Crime and Fidelity. This business insurance in NL seeks to keep your business safe from common threats like theft, vandalism and even fraud. This not only compensates you in the event of crime occurring, but sets forth plans that minimize the chances of it occurring in the first place.

2. Cyber insurance. This is a relatively new addition to the world of business insurance, and keeps you protected while you use your tech in the workplace. This also means you’re able to protect customer information and other important data without worries.

3. Pollution liability. This may be a necessary addition if you work with manufacturing goods in your business. This helps to ensure you’re disposing of waste correctly and can avoid lawsuits in the future.

Each of these types of business insurance in NJ has the potential to make running your business easier, and can help you in the aftermath of various accidents and problems to keep your business on track in the coming years.

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When it Comes to Road Safety, Youre Not the Problem

When it Comes to Road Safety, Youre Not the Problem

The statistics for traffic accidents are terrifying. You may think that because you are a safe driver, you and your loved ones will be safe on the road. Unfortunately, that is often not the case. Many collisions involve two or more drivers, but the fault can lie solely on one of the driver’s shoulders. Just because that driver isn’t you doesn’t spare you from the costs that will mount up in repairs and medical bills resulting from the accident. That’s why it’s important to have comprehensive auto insurance Connecticut may be small, but accidents are plentiful.

Protecting Yourself Even When You’re Not at Fault

The main forms of coverage are liability coverage, collision coverage and medical payments coverage. However, what if there was an accident that wasn’t your fault and the other party has no insurance? This is where extra protection comes in handy:

  • No-Fault Coverage covers personal injury costs no matter who’s to blame
  • Uninsured/Underinsured Motorist Coverage covers you in case the at-fault driver is uninsured or doesn’t have sufficient insurance to cover the damages
  • Comprehensive Coverage sometimes Mother Nature is to blame. This coverage covers things like fire, flood, theft, etc.

Make sure you and your family are protected even if you’re not to blame. Look into your options for comprehensive insurance companies can help get you started.

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Protect Your Palm Beach Home With Renters Insurance

Protect Your Palm Beach Home With Renters Insurance

If you rent your home in Palm Beach, don’t expect your landlord to cover any property damage. Landlords usually carry insurance that protects only the building or structure, not the property of the tenants. That’s why you need renters insurance in Palm Beach.

Coverage

Having renters insurance safeguards your property while covering medical or legal expenses that may happen when accidents occur in your rental home. Your insurance coverage is usually based on the value of your items. Take an inventory of your possessions in your home to make an assessment, which should include your electronics, bathroom items, kitchen equipment, and art pieces.

Most renters insurance in Palm Beach can provide coverage for:

  • The tenants possessions
  • Liability exposure
  • Replacement costs

Costs

Renters insurance coverage is affordable and is usually based on your needs, location, and age. Natural disasters in your area may also affect rates. Be sure you know what your renters insurance policy covers and whether the coverage is for actual cash value, which covers the value of your belongings in the present and accounts for depreciation, or for total replacement cost, which pays out the total amount for what it would cost to replace the actual items. The latter may have a higher premium, but you can typically get more in return when you need to file a claim.

To protect your assets and have peace of mind, get renters insurance in Palm Beach.

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