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Why Hotel Associations Need Crime Insurance

Wholesale resort hotel insurance

Many people walk in and out the doors of most hotels. In addition to the hotel staff, outside vendors and guests also enter the hotel. It is even likely that people who are neither paid nor paying to be there can be found on the premises on any given day. With that many people coming and going, the chance of a crime being committed at some point is great. Wholesale resort hotel insurance brokers recommend including a crime policy in your hotel’s insurance package.

Crime insurance protects hotels from losses resulting from dishonest employees. If an employee embezzles funds, crime insurance may cover whatever monies are unable to be returned. If employees steal from guests, a crime policy, often in conjunction with strong liability coverage, can compensate guests for their losses.

If a guest uses counterfeit money or commits forgery to pay for services, the hotel will probably need crime insurance to get its payment. While hotel security can deter many cases of theft, the possibility of it looms over the daily business of a hotel. A robbery could be a devastating blow to any business that does not have a crime policy to protect against loss.

Wholesale resort hotel insurance usually includes a crime policy. Such a policy helps the hotel association be made whole again.


A Simple Guide to Cyber Liability Insurance

FGIB

When it comes to cyber attacks, the financial sector is one of the more susceptible industries. The motivation should be obvious—there can be a lot of sensitive and important information on banking company servers. Between a denial-of-service attack and a phishing scam, a private bank, mortgage lender or FinTech firm could wind up inadvertently giving away or losing customer financial records, internal financial data or stock market information. Because of this dilemma, cyber security and cyber liability insurance coverage should be strongly encouraged. FGIB offers this coverage to business of all sizes.

Determine Appropriate Coverage

Financial services companies should stay away from any one-size-fits-all cyber liability coverage. The appropriate level of coverage can be determined by risk and possible overlapping coverage from other insurance policies. When considering risk, companies should consider these four categories:

  • Accidental or inattentive security interruption by employee or vendor.
  • Possible flaw in internal software or hardware that allows for data loss.
  • Intentional attacks by outside agitators looking to cause harm.
  • A webmaster using trademarked material inappropriately or breaching third-party websites, regardless of intent.

Coverage for Losses

If a company is the victim in a cyber attack, there are generally two types of compensation. If the company needs to directly pay expenses surrounding the circumstances of a breach, this is called a “first-party loss.” If the monetary loss is on behalf of a customer, the payout is considered a “third-party loss.”

FGIB has expert insurance brokers ready to work with companies to assess their risks for cyber attack.


Cover Your Cargo While in Transport

insurance programs for motor truck cargo

In many regards, the products of a company are at their most vulnerable during transport. For the interstate trucking industry, the roads of the nation can be a dangerous place, even in the best of conditions. At other times, when bad weather hits, accidents can become much more numerous. Insurance programs for motor truck cargo are a company’s best bet for protecting its valuable cargo as it leaves the warehouse and travels, sometimes for thousands of miles, to the next stop in the supply chain.

Policies can be tailored to fit the unique needs of each shipper. The transporter of perishable goods might be wise to get coverage for a refrigeration breakdown. A company that transports chemicals or other hazardous substances might find it worthwhile to pay for a policy that includes road cleanup provisions. Truckers who pass through several states might need coverage that shifts a little with each state boundary. An experienced, trustworthy insurance agent can recommend the best policy for each situation.

It is too risky to leave expensive cargo without suitable insurance coverage. Insurance programs for motor truck cargo can protect a company from expensive losses of products as well as the high cost of a road cleanup. With a choice of deductibles and features, cargo insurance can be an affordable way to protect against major losses.


A Knowledgeable Auto Insurance Agent Can Save You Money

car insurance in CT

An excellent auto insurance agent is worth his or her weight in gold. While this might be a bit of an exaggeration, an experienced agent can definitely save you some money when you are looking for car insurance in CT. There are two main ways the agent can offer you an affordable policy.

The first is by shopping for the best deals for you. Look for an insurance company that has the option of offering plans from many different insurers. In many cases, you can get a nearly identical plan for the same cost by comparing different companies. A good agent can also make sure you get all of the discounts you qualify for. If your driving record is sketchy, the agent can still make sure you are getting the best deal.

The second area a good agent can assist you is by making sure you have adequate coverage. If you owe more on your car than it is worth, then gap coverage might be beneficial. If you drive an older car, having towing coverage might make sense. An experienced agent can help you go over the pros and cons of each option.

Getting the right car insurance in CT could save you hundreds of dollars a year in reduced premiums. Making sure you are fully covered can save you even more.


A Knowledgeable Auto Insurance Agent Can Save You Money

car insurance in CT

An excellent auto insurance agent is worth his or her weight in gold. While this might be a bit of an exaggeration, an experienced agent can definitely save you some money when you are looking for car insurance in CT. There are two main ways the agent can offer you an affordable policy.

The first is by shopping for the best deals for you. Look for an insurance company that has the option of offering plans from many different insurers. In many cases, you can get a nearly identical plan for the same cost by comparing different companies. A good agent can also make sure you get all of the discounts you qualify for. If your driving record is sketchy, the agent can still make sure you are getting the best deal.

The second area a good agent can assist you is by making sure you have adequate coverage. If you owe more on your car than it is worth, then gap coverage might be beneficial. If you drive an older car, having towing coverage might make sense. An experienced agent can help you go over the pros and cons of each option.

Getting the right car insurance in CT could save you hundreds of dollars a year in reduced premiums. Making sure you are fully covered can save you even more.


What You Need To Cover Your Business

transit insurance

For many organizations, having the right amount of business insurance coverage can be tricky. Most know about workers compensation and general liability coverage. However, there are other coverage types that you should be aware of that can be of great benefit to your business.

Business Liability

Probably the simplest of business insurance coverages, business liability coverage comes in two parts – property damage and bodily injury. With this type of policy, you’re covered if your business property is damaged or if someone who is not an employee physically hurt or killed as a result of your product or service.

Workers Compensation

If your employees get hurt at work, they will likely expect some form of compensation for medical bills and/or time off at work. There may even be lawsuits involved. Workers compensation insurance will ensure that your business is protected during such an incident.

Commercial Property

Buildings, equipment, and computers can all be covered under commercial property insurance. If your computers are stolen, you can even have coverage for the lost data on those computers.

Transit Insurance

Are you planning on having goods shipped? Whether by land or by sea, there are a variety of transit insurance options to keep them protected against any losses.

If your business isn’t covered yet, now is the time to work with a professional who can help you find the perfect coverage.


What to Know About Life Insurance

catholic fraternal life insurance

If you’re looking for catholic fraternal life insurance You may have a number of questions you’d like answered. Here are a few things you may like to know.

There Are Various Plans

As with many other types of insurance, there are many life insurance plan options to choose from depending on your needs. Whole life plans can cover you from your sign up date through the end of your life, while term plans cover a set number of years. Your current age and life expectancy may be a factor into which plan you choose.

Face Value

Like the type of plan you may have options to choose the face value of the policy. The face value is the amount given to the beneficiaries once the insured party has passed on. In many cases it is not taxed. Higher face value amounts may affect premiums so it’s a good idea to choose an amount that can cover the needs that may remain after the insured has passed on, while remaining in budget.

There are a number of catholic fraternal life insurance plan to choose from based on your needs. You may also be able to choose the face value of your plan. Remember to take into account your anticipated needs when choosing a plan, and ask a professional any questions you may have.


What a Bailee May Want to Know About Liability Insurance

bailee liability insurance

If you’re looking at bailee liability insurance you may have a lot of questions. Here is some information you may want to know.

If cargo is lost or damaged while in your care liability insurance can help cover that cost. Without an insurance plan you may be held liable for the full cost of the goods and their removal from your storage facility. There are several parts that may or may not be included in your current liability insurance plan so it’s important to talk to a professional about which options are right for you.

General Liability can cover the cost of lost or damaged goods as well as medical costs in the event someone was hurt. Defense may also be included in your plan. This is can cover the court costs it takes to defend your business against a claim. Often court costs can add up to more than the actual property damage so you may want to consider checking to see if defense is included in your policy. You may also want to see if the cost of removing damaged property is included as well.

As you can see it’s important to have bailee liability insurance, and there are several variations of the plan that may be offered by your insurance company. It’s important to talk to a professional so they can assess your needs and help create the right plan for you.


Simple Guide to Buying Business Property Insurance

commercial property insurance

As a business owner, you know you need commercial property insurance. It is a sure-fire way of protecting what you have built. With so many policy types available, you may not know what this coverage plan entails. Below are policy basics that every company needs to know.

What Is Commercial Property Insurance?

This coverage plan is designed to protect buildings and contents from catastrophic loss. It’s ideal for various commercial enterprises including nonprofit organizations, service-oriented businesses, retailers and manufacturers. It is recommended for anyone who leases, rents or owns a business building.

What Does It Protect?

A company can encounter any type of hazard such as a fire. Without proper coverage, you can suffer a major financial loss trying to recover from the incident. This policy protects against the following types of perils:

• Fire
• Theft
• Natural disasters

What Is BOP?

Commercial property insurance doesn’t cover everything. This is why many businesses purchase a business owners policy or a BOP. It is a comprehensive plan covering damaged items such as:

• Outdoor fences
• Commercial vehicles
• Outdoor signs (detached from the building)

If contents inside a building are ruined, BOP covers those as well. These items include computers, machinery and inventory.

The commercial property insurance you buy depends on your specific needs. An agent can review your firm’s risk exposure and tailor a policy for your situation.


Do Millennial’s Need Life Insurance?

Oaklyn life insurance

It’s tempting to put off shopping for life insurance if you’re a millennial, shirking this pillar of financial stability until debts are taken care of. But shopping for life insurance now can save you big bucks and ensure any dependents are seen to should the unthinkable happen. If you don’t know where to start, focusing your search on life insurance providers in your area, such as an Oaklyn life insurance policy for those in southern New Jersey, can help.

How much insurance and what type of coverage you need depends on your family size, financial obligations and ability to pay. As a millennial, you may not have a long-term partner or children that rely on your support but may want to ensure any private student loan debts are taken care of in the event of your death. With a level term Oaklyn life insurance policy, your rates stay static for the period you’re paying into them.

You’ll also want to think about your long-term goals when purchasing life insurance – just because you don’t have dependents now doesn’t mean you won’t during the term of your policy. An educated guess as to their needs can help you determine what kind of policy you need.