Category Archive library insurance

What Makes International Workers Comp Different

If your business operates in the United States, you are no doubt familiar with workers compensation coverage under its domestic requirements in each state where you have facilities. When your business begins operating abroad or courting candidates from other countries for contract positions, it’s a good idea to check out the additional protection offered by voluntary international workers compensation insurance.

Protect Overseas Workers

When your workers travel overseas for extended stays because of projects abroad, standard workers compensation might not cover them. Its temporary provisions have strict time limits before you need extended protection, and while you may not be required to carry the coverage, you do still face employment liability claims if an injury happens on the job.

It’s not just about protecting your business, either. Your personnel are an investment in your long-term operations, so having the coverage that provides them access to medical transportation and high quality care after an injury abroad is essential to recruiting and retention in ways that just can’t be ignored.

Start Gathering Quotes Today

If you have any plans to send workers abroad in the next year or two, it’s worth soliciting quotes for insurance coverage early. The longer your lead window, the easier it will be to make sure you have the financial provisions in place to fold the cost of international workers compensation insurance into your regular cash flow.

The Basics of Disability Coverage

There are several things that could force a company out of business. These include losing key customers, new competitions, supply chain interruptions or lack of financial reserves. Workplace injuries can cause you to lose key employees, and without the right insurance coverage in place, your business may be faced with a serious lawsuit over lost income. Providing disability insurance is a way to protect a skilled talent pool and encourage employee loyalty even in the face of potential injuries.

Required Coverage

While workers’ compensation coverage is mandated for most businesses operating within the United States, disability coverage is only required in five states. These mandated programs are for short-term coverage and limitations are set by the state. If you don’t operate in one of the areas, you may need to consider the benefits of offering short term vs long term disability insurance or both.

Lost Wages Financing

In both cases of coverage, disability insurance will pay for a portion of an employee’s lost wages when they aren’t able to go to work. The injury or illness does not have to be work-related. Short-term coverage is in place for up to six months, while in some cases, long-term benefits can be extended until the individual can qualify for Social Security benefits.

Providing this benefit helps attract qualified help, and when combined with workers’ comp coverage, demonstrates the company’s priority toward employee wellbeing. Disability insurance can help employees avoid financial ruin when they are unable to work.

3 Different Ways To Purchase Insurance

Today’s personal and business insurance markets are full of dynamic ways to obtain coverage. While policy offerings are similar, it’s important to know what each type of provider can offer to you as a consumer. There are three ways insurance coverage is offered to customers.

Independent Agents

Independent insurance agents Albuquerque, NM are not bound to write policies for just one insurer. This means they can offer you a host of different policies and financial products to suit your unique business or personal needs. They can also offer the best prices by comparing the same policy written by different insurance companies.

Exclusive Agents

By contrast, exclusive or captive agents are only permitted to sell for the company and its affiliates they have contracted with. The advantage is that writing all of your policies within the same company may carry a bundling discount. However, exclusive agents are not permitted to compare your quote with other companies’ offerings to get the best price.

Direct Writers

Direct insurance writers don’t use outside agents at all. Typically, policies are written through a call center or over the internet. Because they’re not paying agents’ commissions, insurance companies that use this model are able to offer cheaper coverage. However, the expertise and personal relationship many customers value with their agents is not possible with a direct writer.

Purchasing insurance through any of these avenues will help meet your business or personal needs. However, it’s important to know the difference when shopping for the best purchasing experience.

Protect Your Business From These Common EPLI Claims

Every business needs to protect itself with employment practices liability insurance or EPLI. Even with appropriate risk mitigation and anti-discrimination policies, you could still face claims. Here are two of the most common EPLI claims.

Retaliation Allegations

Employees have a right to file EPLI claims. However, some employees fear that if they file a claim that the employer may retaliate against them. If an employee claims that your company will retaliate if he or she files a claim, this could spell trouble for your business. Retaliation could include firing an employee for claiming discrimination or adverse treatment.

Failure to Hire Allegations

One of the most common EPLI claims is the failure to hire or promote based on a protected class. The ADA has a list of protected classes that you cannot discriminate against. For example, you cannot use a person’s race, gender, sexuality or religion as grounds to refuse a promotion or to fail to hire. If a person feels as though their involvement in a protected class influenced your decision, he or she may file a claim against your company.

Even if you take measures to prevent discrimination, you cannot always prevent the allegations. No matter if the allegations are true or false, your company still has to pay the legal costs and may have to pay the settlement. EPLI insurance protects your business against these allegations.

Moody Insurance

Tips for Safe Winter Riding

For many motorcyclists, the motorcycle is their primary modes of transportation. That means despite the temperatures falling and ice on the road, they are on their bike. In addition to having worldwide motorcycle insurance, these tips can help riders stay safe this winter.

Following Distance

One way to decrease the risk of an accident is to increase the following distance behind other vehicles. Slippery ice, cracks in the road or fresh salt decrease tire traction. Additional distance gives you more time to stop. The insurance firm Moody Insurance states that auto liability insurance is a requirement in most states.

Slick Conditions

Try to avoid riding when the weather turns nasty. Falling snow can quickly accumulate on the road creating slick road conditions. Those colder tires have less traction on an already slick surface. Besides heading home when the weather turns, consider carrying a kit to turn those tires into studded snow tires for added traction.

Proper Gear

A motorcycle doesn’t have the protection of a vehicle. No heater to warm those cold fingers or keep your core from freezing. Because of that, it is essential you wear proper gear when out. Layers are your friend when the temperatures drop but be sure the underlayer wicks away moisture.

Having a policy with worldwide motorcycle insurance is one way to protect yourself this winter. These other tips can help make riding more comfortable and safe.

Library Insurance

Changing Communities Is the Library of the Future

Every year the Library Futures Conference is put on by the OCLC’s Americas Regional Council. These conferences focus on helping libraries thrive in a time of great change beyond protecting themselves with library insurance. The latest trend is to focus on how libraries can change communities.

Modern Libraries

As seen on, books are not all that modern library is. With the new focus of acting as community centers and media centers, insurance must accommodate the changing exposures affecting these cultural institutions.

Library Staff

Library staff is as concerned with a work/life balance as younger generations move into the career. Libraries face similar concerns with other businesses around recruiting talented people who revitalize the organizations they are in. Many libraries have responded by providing opportunities for movement within the organization before posting a job listing outside the library.

Collaborative Partnerships

Many academic libraries are seeking collaborative partnerships inside of their institutions to better serve their communities. Engaging with professors and departments helps students understand the valuable resources available on the campus. With a growing online student population, libraries are meeting the demand for online material like never before.

As the industry changes, library insurance is there to cover new exposures and ones of old. Libraries continue to be a place for the community offering people a chance to grow, learn and discover.