Monthly Archive November 8, 2021

Manage Construction Risks

Protect Your Real Estate Business

As a real estate agent, you’ve give up nights, weekends and holidays to stage homes, hold open houses and hold the hands of nervous buyers. Don’t let all those sacrifices go to waste. Plan for the most common risks you face at work and mitigate your real estate risk exposures with the proper insurance coverage.

Maintain Proper Auto Coverage

There’s not much you can do to lessen your risk of a car accident if you’re already a safe driver. As an insurance agent, however, make sure you have the proper auto coverage. You spend long hours in your car. You may even drive clients to viewings. Personal auto coverage won’t cover your accident repairs and medical bills if you’re driving for work. Make sure you have business coverage to protect your financial health.

Reduce Accident and Injury Risk

On the other hand, you can control other risks. Open houses and private showings each involve risks of accident or injury. Stage homes carefully, making sure that carpet and rugs are secure and don’t pose a trip risk. Make sure there’s enough room for people to circulate. Whether it’s you with just a couple or you have a full house of potential buyers, do your best to keep everyone within eyeshot. Enlist coworkers if necessary.

Take care of your customers and your insurance will take care of you.

Protecting Your Boatyard With Sufficient Insurance

A boatyard contains any number of inherent risks. To put it simply, the combination of open water, numerous boats and other vehicles, and people of varying experience and skill make for a potentially challenging environment. For boatyard owners, it is essential to carry sufficient boatyard insurance to protect your business, as well as your clients, against any and all risks that may arise.

What Types of Insurance Should a Boatyard Carry?

Specific insurance needs for a given boatyard will largely depend on the type of business conducted on-site. That said, there are a variety of policies boatyard owners should familiarize themselves with:

  • General liability policies may indemnify owners from injuries or other incidents that occur on the premises
  • Cargo insurance is essential for protecting shipped goods or goods stored on-site
  • Pollution coverage is essential to protect against losses or lawsuits resulting from fuel spills or discharge of other pollutants
  • Hull and machinery coverage are essential for protecting boats after involvement in accidents or other incidents
  • Workers compensation coverage may be necessary depending on the employment structure at a given boatyard

In short, the size and scope of a particular boatyard operation are essential in determining requisite coverage. Speaking to an experienced insurer about boatyard insurance can ensure your business, staff, and clients are well-protected if any incident occurs.