Category Archive Liability Coverage

Managing Employees As a Restaurant Owner

One of the most vital parts of restaurant ownership is being a good employee manager. Without high-quality employees, your restaurant will flounder and eventually fail. The question is, how do you manage your staff effectively while also running a restaurant? 

Have a Set Guideline For Behavior

One of the first steps in managing employees as a restaurant owner is to have set guidelines for behavior. While it may be tedious to sit down and write one, restaurant employee handbooks will give you a point of reference for every staff member you hire. Things like dress code, break policies, and general conduct shouldn’t be decided on a case-by-case basis. With a handbook, you eliminate any bias and keep things standardized. 

Treat Your Employees Like People

Another step to effective employee management is to treat your staff like people. One of the most common reasons people leave a job is because a manager treated them poorly. Rather than losing valuable staff that can help build your business, treat every employee under you with respect and care. Do your best to get to know them and their interests on a professional level, and they’ll reward you with harder work and increased productivity. 

The bottom line is that employee management is one of the key facets of restaurant ownership. With these concepts in mind, you can help your business grow and increase its revenue. 

Protect Your Best Friend and Yourself With Insurance That Covers Dog Behavior

Dogs could be described as the friendliest of domesticated animals.

Nonetheless, they might bite, scratch or attack someone or another animal if they are frightened or provoked. Owners would benefit from having an insurance policy that covers unexpected behavior or situations that result in a dog attack.

Precautions Are Paramount

Training and maintaining control of your canine are primary steps toward preventing bites and other incidents. Check out some measures to take:

  • Go to school. Participating in a dog-obedience course establishes that you are the boss and is a chance to learn and practice commands and socialization skills.
  • Keep your dog on a leash. Many communities have a leash law that requires dog-walkers to have their pets on a short or retractable leash. A leashed canine won’t be able to run away after a passing squirrel or get into a fight with another leashed dog.
  • Erect a fence. A yard enclosed with regular or invisible fencing gives a dog freedom to run unleashed.

Insurance Helps Cover the Unexpected

Even in controlled scenarios, the unexpected happens. If the case of a dog attack, the results could involve bodily injury or property damage. Medical bills, claims for damages and even lawsuits could threaten your financial resources and dog-ownership. Rental or homeowner policies may exclude or limit coverage for harm caused by dogs.

Canine liability insurance can add to your peace of mind and enhance time with your best four-legged friend.

Why Restaurants Need Premises Liability Insurance

Restaurant owners have a lot of responsibilities. Preparing quality food, staffing appropriately and maintaining a clean dining room are often top of the list. There is one aspect of restaurant ownership that may be overlooked: having the right premises liability insurance.

What Is It?

It’s important for any business owner to carry premises liability insurance. This type of insurance will kick in when a patron has an accident (most commonly a slip, trip or fall). Coverage may also be used in the case of a fire, crime or other accident, such as a falling ceiling tile or broken chair.

What Is Duty of Care?

As a business owner, you’re responsible for providing a safe environment for your patrons. This concept is known as duty of care. Under this concept, you must maintain the property or notify guests when a situation could be dangerous. If a claim is made against your business that finds you negligent in your duty of care, you could be liable for the injury.

How Can I Avoid an Insurance Claim?

Regular maintenance is critical. This often includes salting the sidewalks in icy weather, fixing loose railings, replacing broken furniture and filling parking lot holes. If a dangerous situation does arise, you need to clearly disclose the issue to your customers.

Despite your best efforts, accidents can happen. Having the right liability insurance is essential for keeping your business safe from claims and adverse financial events that may follow.

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.

A Short Guide To High Net Worth Insurance

If you are an individual with a high net worth, you may have struggled to find a home insurance policy that can adequately meet your unique needs. Typical home insurance policies generally have coverage that is targeted at medium-sized or smaller households and don’t have adequate coverage for those with larger, more valuable estates. Luckily, there are options that can fulfill your needs.

Is High Net Worth Insurance Your Best Option?

If typical home insurance policies don’t seem to offer what you need, high net worth insurance may be your best bet. High net worth insurance provides coverage for properties that are valued at $750,000 or higher. This type of insurance has special coverage for your expensive assets and has higher coverage limits.

What Types Of Coverage Are Available Under A High Net Worth Policy?

High net worth insurance typically offers expanded coverage limits as well as additional benefits and services that standard home insurance does not offer. One important feature of many high net worth policies is the option to obtain coverage for your valuable items. Things covered can include artwork, jewelry, collectibles, and fine wine.

High net worth insurance also offers many options for protection that typical home insurance policies don’t cover. These protection options include identity theft coverage and kidnap/ransom coverage.

Having a high net worth comes with a lot more risk and responsibility.  High net worth insurance can provide you with more peace of mind.

Fiduciary Liability Insurance

Understanding Liability Claims With Employee Benefits

In the current day and age, almost all companies provide benefits to their employees. While all staffing companies don’t offer comprehensive benefits like healthcare, perks like vacation days, sick days, and workers’ compensation all fall under the umbrella of employee benefits. While it might not seem like a high-risk aspect of operating a business, staffing fiduciary liability is a real concern of which to stay mindful.

Types of Claims

As mentioned by World Wide Specialty Programs, there are a number of claims that can be expected in the staffing field. If you provide healthcare to workers, then you might experience a claim for failing to properly maintain the plan dictated in employee literature. Similarly, any problems with payroll and the allocation of employee wages can open you up to a number of claims. Additional claims include:

  • Benefits being denied to eligible workers
  • Errors and omissions related to benefit plans
  • Unannounced changes to benefits that conflict with agreements

Financial Setback

When your business experiences this type of claim, it can be a huge financial setback. To avoid this scenario, it is best to take time to find coverage that keeps you protected from benefit-related issues.

Operating a company in the staffing industry comes with unique requirements. Understand your risks and make the right insurance decisions for the future of your business.

Liability Coverage

Understanding Your Liability Coverage

When you own a business, you want to make sure you are getting all the liability coverage you need. With so many different policies available, it may be confusing to tell the difference. You need to know comprehensive general liability meaning.

General Liability Basics

The experts at recommend general liability coverage as part of your business insurance package. General liability covers a plethora of risks:

  • Property loss
  • Personal injury
  • Defective products

If your company issued as a result of any of these issues, your general liability policy can cover legal fees and any settlement amounts that extend past the deductible you pay.

General Liability Premiums

The monthly cost of a general liability policy varies according to the risks to which your business is exposed. If you have a history of multiple claims, your premium will be higher than if you have a good track record. If you opt for a higher deductible, you may be able to lower your premium. Your insurance agent can advise you about the most affordable options that will still give you the coverage you need.

Comprehensive general liability can protect you from exorbitant legal fees in the event of a workplace accident that causes property damage or injury to someone other than an employee. It’s important to understand what your policy covers.