With the variety of insurance options available for your fine dining establishment, one can be prepared for almost anything that happens. Here are four types of insurance options you have at your disposal when searching for fine dining insurance in Arizona.
Commercial General Liability
Commercial general liability insurance is great to have on hand for when employees sustain minor injuries at work or if someone falls ill after enjoying a meal at your restaurant. These occurrences may or may not be your fault, but being prepared for them may save a lot of time and money.
Depending on your provider, employee benefits insurance can cover anything from unemployment insurance to worker’s compensation. Talk about employee benefits with your employees and see what wants or needs your insurance policy can cover.
Commercial Auto/ Hired Auto
If your dining establishment uses a vehicle or requires employees to use their vehicles, commercial or hired auto insurance is a must.
Food contamination insurance covers foods that may be lost in the case of a natural disaster. If the power goes out long enough to heat freezers and refrigerators, for example, the food that spoils as a result is covered.
There are several more types of coverages and packages that you may find useful. Finding the right fine dining insurance in Arizona is as important as it is enjoyable.
BPL insurance, or Bankers’ Professional Liability Insurance, can protect every level of employee in your financial institution, but there are two types of employees that it can benefit in ways that may surprise you.
Growing pains on the job are par for the course in any industry, but mistakes in financial institutions can be costly without the right insurance policy. While your new hires focus on navigating the strict regulations surrounding the financial industry, you can relax and know that any mistake they may make is covered by your insurance. As a result, you can focus more on providing stellar training rather than worrying about paying for any bumps their training wheels might encounter.
If your financial institution uses seasonal or temporary workers, BPL insurance can mitigate the liability these workers may present. Since seasonal workers are most often employed during periods of high-stress and in response to under-staffing, they may not be able to adhere to the same training schedule or oversight as your regular employees. This in turn can lead to an increased chance of mistakes that may prove costly for your financial institution. But your BPL policy can be extended to cover temporary workers, allowing you to rest assured that any losses incurred won’t cripple your operation.
Whether you want to safeguard against new hire mistakes or protect your institution from seasonal distress, a BPL policy can help you cover your bases and put your focus where it’s most needed: on your customers.
Adult club insurance is a special type of insurance designed to cover the types of incidents only a nightclub owner might expect. Adult clubs are high energy places where music and, oftentimes, alcohol come into the mix to make customers more unpredictable and reckless. This can put employees, property and other customers at risk, but with the proper wholesale adult club liability insurance, a club owner can be prepared for any incidents that may arise.
Private parties like to rent out clubs for personal events and entertainment. By choosing wholesale adult club liability insurance with event liability coverage on offer, private groups can buy a one-time policy and protect themselves and you from the costs of potential damage that might be done to your venue.
Bouncers keep a nightclub safe and under control during operation hours. When fights break out or customers get rowdy, a bouncer may have to intervene and, occasionally, this means a club goer may get injured in the fray. Bouncer liability keeps your employees safe from potential lawsuits and covers them should they get injured on the job.
Assault and Battery Liability
Sometimes, excessive drinking can lead to fights which may end in liability issues for your business. With assault and battery coverage as well as well-trained security staff, your club can be covered from potential lawsuits for failure to provide a safe environment.
If your adult club serves alcohol, intoxicated attendees can cause incidents due to lowered inhibitions and erratic behavior. With liquor liability coverage, damages done to property or people on site by intoxicated people on the premises can be covered.
According to one study, approximately 6% of attorneys will face a legal claim brought against them in any given year. The number of claims against lawyers has steadily increased in the past couple of decades, an increase that shows no signs of slowing. As you well know, dealing with a legal claim can be expensive and time consuming. Lawyers’ professional liability insurance can protect you and your firm from potential claims of professional malpractice, and ease the burden of any costs accrued as a result.
Coverage Legal Professional Liability
Professional liability insurance for covers errors, omissions and prior acts of individual attorneys, groups of lawyers and full-fledged firms alike. Common causes of legal malpractice claims include the following:
- Administrative errors and substantive errors of law
- Abandonment of representation
- Failure to adequately address a client’s needs
- Breach of fiduciary duty, often due to conflict of interest
- Claims brought by non-clients
Acts Not Covered by Lawyers’ Professional Liability Insurance
While accidental acts of legal malpractice are typically covered by professional liability insurance, purposeful acts of dishonesty are not. These may include:
- Criminal acts
- Fraudulent acts
- Malicious acts
- Bodily injury or property damage committed by a lawyer or their firm
- Claims brought by one insured against another of the same firm
The Importance of Good Coverage
A professional liability lawsuit can be damaging to your reputation, but with lawyers’ professional liability insurance, you can protect your firm from malpractice suits that arise from honest mistakes and accidental omissions.
Running your business can be a time-consuming endeavor; and as a business owner, there are many aspects that require your attention including your commercial property liability insurance. There are so many organizations providing insurance that it can be difficult to know with which one you should work.
You may want to start by looking up company reviews. What have other customers said about working with a particular insurance agency? If you see a pattern showing that a certain company is slow to provide a resolution for legitimate claims, then you may want to continue your research. Consider if the company is easily accessible. Do they answer phone calls and respond to emails in a timely manner? Do you work with one agent or a variety of people depending on the claim?
Be diligent with your inquiries and do not overlook the safeguards an insurance company should have in place. You will want assurance that the organization you choose to protect your business is backed by the proper channels. This helps to ensure that your policies remain intact if the insurance company faces financial difficulties.
It can be overwhelming to run a business. Working with the right commercial property liability insurance company can help give you peace of mind knowing that the investments, you have put into your business, are protected.
The unique nature of a co-employment relationship can put a professional employer organization (PEO) at risk. Anyone can make a mistake, but if that mistake costs the client money, the PEO can be liable. This is why PEO insurance is important.
The risks and liabilities for PEOs can be complex, but here are a few basic risks that PEO insurance can help with.
1. Inadequate screening
One of the services a PEO provides is pre-employment screening. If the PEO doesn’t provide adequate screening and places an unqualified worker, the PEO may be held liable for any financial loss resulting in the contract employee’s placement.
2. Lawsuit filed by the contract employee
One of the risks of co-employment is that the PEO and client company may be equally liable for each other’s actions towards a contingent employee. If the contingent employees files a lawsuit against the client company, the PEO may be at risk as well.
3. Services Provided
PEO’s often provide services, such as managing payroll or workers’ compensation. If any mistakes are made while providing these services, the PEO may be liable.
Focus on Service
PEO’s face a lot of risk by providing staff and services to clients. PEO insurance can help reduce this risk so you can worry less about liability and focus more on providing great service and staff.
Property loss represents one of the costliest problems facing the warehouse industry. While misplacing products can be frustrating, it pales in comparison to the more serious concerns facing a storage facility. Here are the top three sources of property loss in the warehouse business.
Between 2009 and 2013, fires cost an average of $155 million dollars in property damage to warehouses each year. In addition to the damage from the fire, smoke, and water used in firefighting, disrupting supply chains also caused significant loss of business.
In the United States, 85% of all business properties have had water damage at some time. Rain and burst water pipes can cause direct damage to stored objects, your structures, and electrical systems.
Florida is one of the top three states for cargo theft along with California and Texas. The highest value crimes virtually always happen at warehouses because the property is concentrated and relatively easy to access.
While facility owners can make preparations, inevitably problems will strike. Even with all the threats that surround the warehouse industry, business owners can gain some protection. Orlando warehouse insurance policies can help to cover losses and the cost of rebuilding. Finding the right insurance agency goes a long way to helping your company to have a secure future.
Employment practices liability insurance can protect a staffing firm from claims filed by employees or clients regarding problematic workplace conduct or a wrongful business environment. As these firms experience at least two levels of exposure with employment practices, they require suitable liability coverage.
What are Employment Practices Policies?
Employment practices liability policies can take the form of an individual policy with the option of a deductible aggregate. This coverage may include the staffing firm itself as well as the clients serviced by the firm with regard to worker placement. These policies can be useful when claims pertaining to federal equal opportunity legislation or other employment disputes including wrongful termination arise.
Which Firms Can Benefit?
Employment practices policies can benefit all businesses, but especially small or new enterprises. These firms are most vulnerable to the consequences of these types of claims. These policies can vary in expense depending on the number of employees being covered as well as other factors including previous suits or employee turnover. A business insurance provider with extensive experience with staffing firms and similar ventures should be aware of a variety of potential exposures and capable of formulating the right combination of employment practices liability plans and endorsements to protect all businesses from these potentially damaging exposures.
As someone running a business, you may be well aware that most states require employers to purchase coverage for employees who get injured or fall ill due to conditions at the workplace. Virginia workers compensation has a reputation for being costly, but this claim is not necessarily valid.
Before workers’ compensation existed, employees who needed to needed to obtain compensation to pay for medical bills and lost wages had no recourse but to take legal action against employers. It was a challenging situation for both parties, with workers struggling to win their cases and employers suffering major financial penalties under the tort system.
A Better Way
As a solution to the aforementioned scenario, the vast majority of states have made it mandatory for organizations to carry workers’ compensation. Failure to do so can result in penalties and the grim reality of employers’ paying these benefits right out of their own pockets – which is usually far more costly than maintaining appropriate coverage.
But employers really do get a lot of bang for their buck. A good Virginia workers compensation policy should cover the following:
- Medical expenses
- Lost wages
- Death benefits
- Vocational rehabilitation
Additionally, some carriers offer programs to help employees return to work faster, safety programs to reduce workplace accidents and accident investigation programs. As you can see, workers’ compensation is not a burden to bear, but rather, a valuable asset to your company.
Financial institutions of all types, from community banks to credit unions to savings and loan companies are trusted with dealing with large sums of money from their clients. Handling this money comes with a certain amount of risk, though, and a Bankers Liability Policy (BLP) is a way for the institution to protect itself and its employees from that risk. With a BLP, the institution is protected from lawsuits that might stem from omissions or errors made by its staff, whether intentional or not.
What Does a BLP Protect?
A BLP provides three areas of protection for the financial institution:
- The institutions assets and integrity are shielded from attack.
- Lawsuits cost money, even those without merit and a BLP can cover the cost of defending the institution from the lawsuit. If damages are awarded, the policy pays them up to the policy limits.
- A BLP can be set up to provide specialty coverage for areas that are not properly covered by the institution’s other policies.
Your financial institution needs to be covered properly, which means it needs a Bankers Liability Policy. Whether it is purchased as a standalone policy or as part of an existing policy, a BLP is a wise investment for any financial institution.