Covering Your Design Firm with Professional Liability Insurance

Professional Liability Insurance

Engineers and architects leverage years of training backed up by professional licenses to design the facilities and public infrastructure that form the backbone of modern society. From bridges to buildings to major utility systems and more, these facilities originate from the specifications and blueprints drafted and detailed by design firms like yours. Despite the rigorous design and QA/QC methods you employ, mistakes do happen. Errors and omissions or E&O in your construction plans can have serious consequences, so you need professional liability insurance to cover lawsuits and damages that may arise from these oversights.

Understanding Who Needs Professional Liability Coverage

The process from developing initial schematics to final details is one that involves several roles and includes many steps. Errors and/or omissions at any stage can result in major problems, especially after a facility is erected including injury, loss of life and costly redesign and/or corrective construction. You should strongly consider professional liability coverage to cover the work of the following positions:

  • Structural Engineers and Designers
  • Civil Engineers
  • Geotechnical Engineers
  • CADD Technicians and Drafting Professionals
  • Mechanical Engineers
  • Safety Managers
  • Design-Build Consultants

Protecting the Future of Your Business

Whether you just need general civil engineer E&O Coverage or something that is specifically tailored for certain types of project delivery, it is important to have a plan in place. Many public owners require potential design consultants to maintain a certain level of professional liability insurance before entering into a contract. Protect your business with a complete insurance policy today.

Standing Out in the Insurance Market

Insurance Market

 There is a lot of competition in the insurance industry, and sometimes it is more beneficial for two providers or companies to merge to best serve the market and their longevity. This was the case when Republic Insurance acquired a business deal with Starr International Co. Inc. The changes were able to bring customized casualty and property insurance products to a new region and provide clients with more access to claims management, loss control, and reinsurance services.

Signs of a Good Insurer

The many options in the insurance market can make it difficult to find companies that will be meet your coverage needs. Making your company stand out from the rest requires that you implement a few of these best practices.

  1. Don’t always upsell the customer. Your company should provide the client with the most holistic view of their coverage needs even if it isn’t your most expensive policy.
  2. Be transparent about your pricing. Your customer needs to know what they are paying and what they are paying for. Mergers can often lower premium costs while expanding service opportunities.
  3. Empower the customer with information. Make sure your clients have the resources they need to understand their risks and liabilities. These factors impact the cost and nature of coverage.

Stay competitive in a crowded market with these best practices, but always look for other creative growth options.

Homeowner’s Coverage for the Wealthy

High Value Insurance

Many individuals that are considered affluent have earned their way into wealth and have amassed a number of expensive assets. These assets could include:

  • Luxury primary residence
  • Vacation homes
  • Private jets
  • Watercraft
  • High-value automobile collection
  • Elite furnishings
  • Priceless art
  • Vintage wine collection
  • Diamonds or costly jewelry

Protecting their valuable from destruction, loss, or the threat of theft needs to include more than a state-of-the-art security system.

The Damage of Being Underinsured

Since the average homeowner doesn’t face the same risks and financial hit when compared to the value of these assets, a standard homeowner’s insurance policy isn’t enough coverage. However, it could still be possible to have a special high-net-worth policy that doesn’t fully protect the financial investment of what you own. Should something happen, being underinsured is just as damaging as having no insurance?  With the help of your agent, be sure to select high-value insurance options that address the unique circumstances of your home, its contents, and other valuable assets.

The Value of Your Assets

The right insurance plan will address the value of your assets, though this could happen in several ways. With a high-value policy, your limits and sub-limits will be a lot higher, making it easier for repair or replacement circumstances. The coverage options could also extend to cover the cost of living while the home is being repaired, landscaping coverage, and family protection coverage.

ADA Compliance for Businesses

importance of ADA compliance

The Americans with Disabilities Act requires that businesses who serve the general public must provide accommodations to handicapped individuals so that they can enter a business’s premises or use its services. Failure to comply with the ADA can cause significant liability exposure because it can result in claims of discrimination. Here are some important aspects of ADA compliance that all businesses need to consider.

Human Resources

The importance of ADA compliance has to be a significant factor in business’ general operating procedures as well as human resources policies. In addition to providing accommodations for the general public, they must also create an inclusive working environment for disabled employees. When an employee makes a request for a reasonable accommodation due to a disability, a business should use its best efforts to respond effectively.

Accessibility Criteria

A business’s premises need to meet certain physical requirements to facilitate access for individuals who are mobility impaired or rely on the use of a wheelchair. It may be necessary to modify doors or install wheelchair ramps. While businesses will not need to make changes that they can’t reasonably afford, any type of significant renovations may trigger compliance with ADA requirements that have been integrated into local building codes.

ADA compliance is a legal requirement that all businesses need to be proactive. In addition to following the law, compliance is important for shaping positive customer experiences and sentiment.

 

Hit the Trails With ATV Insurance

atv insurance

Your ATV or UTV needs insurance coverage that is separate from personal auto and independent of homeowners. There are vehicles capable of going nearly anywhere and are useful for both recreation, work, and land maintenance. Because of this they also encounter hazards that are unique to counterparts used exclusively on the road.

Coverage for the Vehicle

Riding ATVs is enjoyable and offers a healthy dose of fun traversing different terrain. Even though you may be riding far away from others, accidents can happen that will cost you without insurance. Most policies offer ATV coverage with comprehensive and collision.

  • Collision provides protection if you hit an object such as a tree or rock and incur damage.
  • Comprehensive is coverage for scenarios such as hitting an animal or if your ATV is stolen.

Coverage for Others

Even with the right protective gear riding an ATV has its dangers. Having a rollover or being thrown from the vehicle can occur. Specialized insurance policies will also include the following:

  • Bodily injury liability can protect you if you’re at fault and cause injury to a passenger or other rider.
  • Property damage liability offers coverage for damage to property belonging to others due to an accident.

ATVs provide a great way to get off-road and experience the outdoors. Be prepared for the unexpected by being protected with the proper insurance coverage.

What Insurance Investment Does Your Business Need?

commercial general public liability insurance

Any business needs protection from loss associated with claims issued against the operations. This protection is in the form of financial assistance, commonly called insurance. A company has many risks based on the operations, the location, the products, and the consumers, and general liability policy is the most basic form of insurance protection for any size business.

The Coverage Needs

When a business purchases a commercial general public liability insurance plan, it provides coverage for things like medical payments to injuries that happen to clients or consumers on your property or advertising claims of slander, libel, or copyright infringement. The general liability policy also provides funds for defense costs and settlement demands that may come from a lawsuit against the company.

Other Areas of Coverage

General liability claims aren’t the only things a company should be aware of. Businesses must worry about things like fraud, theft, employee injury, cybersecurity concerns, errors and omissions claims, and equipment malfunctions. Because there are so many other areas of concern, businesses sometimes look at a business owner policy (BOP) and then add endorsements or riders for the additional areas of exposure.

Adding additional policies or creating a more comprehensive package might seem expensive, but investing in a financial backup plan is better than having to spend thousands trying to get out of a legal mess.

Optimizing Your Google Search Results

google-search

Today’s consumer turns to Google and other search engines for help with choosing the right product or service. From healthcare to auto parts or insurance, having your business move to the top of the list of search results is the key to ensuring brand awareness. Since there are millions of results for any single query, having your company show up means investing in SEO best practices.

The Big Three

There are three prime reasons for choosing local SEO to drive your business forward.

  1. Free Traffic. The world of advertising is constantly changing, so it is wise to spend your funds and resources in an effort that will bring solid returns. When you improve your internet rankings, you are given access to a free stream of constantly changing traffic.
  2. Google Excellence. Insurance agents can’t rely on strategies of the past, such as taking out an ad in the local Yellow Pages. Almost 97% of all consumers look for a local business online, and Google is the current market leader for these searches.
  3. Rapid Results. It can take anywhere from six months to a year before national and international companies see any improvement in their rankings. When you are using local SEO, you are competing against other local companies, rather than countrywide agencies.

As the team at Neilson Marketing knowns, local SEO for insurance agencies is what makes all the difference.

Does Your Insurer Help You Understand Your Clients?

Risk management is about a lot more than just the dollar value on your coverage. It’s also about understanding how your own behavior can impact the risks your business faces, from cash reserve decisions to your professional conversations with clients. When you work with an insurer who understands what you do, that can mean getting help in all those areas. Insurance professionals have a vested interest in helping clients keep their risks managed, after all. That means when you use knowledgeable, industry-specific insurers, you can count on them having everything from accounting tips that help you get the right background information and goal-setting discussions rolling with new clients to risk assessment and tax positioning questions that will help you quickly update information for your established regulars.

Liability Coverage for Accounting Professionals

More likely than not, it’s your professional liability insurer who will know your business best. That’s not a coincidence since the coverage needs to be tailored to the specific risks you take as an accounting professional. Finding the right insurance relationship means getting help with those professional habit-builders that can keep you ahead of the curve when it comes to anticipating client needs and avoiding the kinds of exposures to liability your policy protects you from. That, in turn, can help you present a lower risk profile, saving on future insurance needs. It’s a win-win when you have an insurer who wants to help you be the best professional you can be.

How to Get Along With Your Apartment Neighbors

breaking an apartment lease

Nothing is worse than having a neighbor you don’t like, especially when you share so many common areas in an apartment community. In many cases, there are ways to convince your neighbors to work with you and breaking an apartment lease should be your last resort. Here are some tips for coming to terms with your neighbors.

  1. The Noisy Neighbor

Unfortunately, you’re going to have to confront your neighbor to solve this issue. Being passive-aggressive may make the situation worse. People respond well to kindness, so before you speak to your neighbor take a deep breath. Look for some commonality you share with that person so you can strike up a conversation. Make your noise complaint secondary to the importance of getting to know them better. If they like you, they’ll be willing to work with you.

  1. The Trashy Neighbor

Everyone appreciates a clean environment, even the trashy neighbor. Lead by example. Show your neighbor how important a clean community is to you by voluntarily picking up trash outside. Ask other neighbors to join you regularly. This establishes pride in your apartment community.

  1. Be Understanding

It’s also up to you to be tolerant of neighbors who have different values. Be understanding of neighbors with pets and children or outside decor that doesn’t fit your tastes. Remember, variety is the spice of life.

Cleaning and Caring for Library Books

Regan Insurance Agency

Continuous Cleaning

Dust and materials that collect on books absorb moisture and make them more susceptible to corrosion. Source: Regan Insurance Agency. Every time a library book is returned, it is less clean than when it was checked out. It’s helpful to wipe down books as they are returned so it’s easy to quickly identify damage after each time it is borrowed and make sure it’s ready for the next borrower. Adopting a schedule and procedure for regularly cleaning library books is the most effective way to preserve the books’ condition over time.

Protection from Pests

Many types of small insects like silverfish will thrive in library books. They ingest the paper and burrow deep within the pores of the tops of every page. A small infestation can quickly spread throughout many books. In addition to chemical treatments, heat may be an option for treating infected books. Regular cleaning and dusting will help prevent infestations from growing by removing the material in which they are most likely to grow.

Preparation for Significant Damage

Properly caring for books requires being prepared for the unexpected. Libraries’ collections contain many unique and difficult to replace items. It’s imperative for libraries to maintain comprehensive insurance policies that provide coverage for their books in the event of a significant loss.