Alcohol-Related Liability

Protecting Yourself From Alcohol-Related Liability

If patrons consume alcohol on your business’ premises, it’s important that you have good liquor liability insurance. This coverage, which comes in two main forms, can help protect you from liability issues that may occur in situations where alcohol is present.

Who Needs Coverage?

You may think that if your business doesn’t sell or serve alcohol that you don’t need liability protection. However, if your business allows patrons to consume alcohol on the premises, even if you don’t provide it, you’ll want to have protection.

Liquor Liability

The first type of liquor liability coverage is for businesses that sell or serve alcohol themselves, such as restaurants or bars. It can cover legal expenses resulting from injury or  caused by an intoxicated person on the premises. 

Host Liquor Liability

Host liquor liability insurance is ideal for businesses like venues or restaurants that do not serve alcohol themselves but allow guests to bring it onto the premises. It covers many of the same expenses as standard liquor liability coverage.

If alcohol is consumed on your company’s premises, whether or not you sell it yourself, you need to have good liquor liability insurance. This ensures that you are protected in case of accident or injury relating to the consumption of alcohol.

Maritime Employees

Insurance for Maritime Employees

Protecting workers on marine vessels is an important responsibility of their employers. Maritime workers face many types of situations and potential risks while on the job. Those who employ them need to understand these risks and consider how to cover their workers. A good option is maritime employer’s liability, or MEL coverage.

MEL Coverage Explained

Maritime employer’s liability is a valuable type of insurance that covers maritime employees on any vessel. Workers are covered in the event of injury, illness, or death while working on their employers’ vessels, and they also are covered when working on boats of any size and type not owned by their employers. MEL coverage also extends to special contractors working on vessels sailing on open waters.

This type of insurance works for multiple industries, including:

  • Surveying and scientific research
  • Seismic studies
  • Maritime construction
  • Drilling operations

Maritime employer’s liability is not the same as worker’s compensation, and it is not required by the federal government or by any state laws. This lack of legal obligation, however, does not detract from the importance of this type of insurance.

Financial Exposures

Without MEL insurance, maritime employers are liable for award claims in litigation. Such awards could be financially catastrophic. In addition to claims, employers also are liable for legal expenses.

Maritime employer’s liability coverage is an effective way for employers to protect their employees and their own financial interests.

Boat Insurance

The Basics of Boat Insurance

When you choose an insurance policy, you decide how much coverage you need and what types fit your unique requirements. The best boat insurance covers two primary risk areas, physical damage, and liability.

What Does Boat Insurance Cover?

Many variables affect the compensation you receive for a claim, such as your deductible amount, limits and replacement terms. Your policy may cover the following:

  • Comprehensive: This protects you if someone steals, damages or vandalizes your vessel.
  • Property liability:This covers the costs of repairs for damage you cause to other vessels, docks or buildings.
  • Collision coverage: This helps pay for the cost of replacing or repairing your ship in the event of a crash.
  • Bodily injury: If you injure a person in an accident involving your boat, this protection mitigates the cost of legal expenses, lost income and medical bills.
  • Additional options: There are various extensions available to include in your policy, depending on your needs. You can add protections to cover accidents caused by uninsured individuals.

How Much Coverage Do You Need?

The amount of insurance you obtain for your vessel depends on its size, age and value. Consider how you use your watercraft, as that will affect the type of policies you require. For instance, fast speed boats should obtain more liability.

To find the best boat insurance, contact an experienced agency that can help you choose the policy you need to ensure peace of mind before you set sail.

Liability Insurance

What Does Liability Insurance Cover for Water Companies?

No matter your industry, some form of liability insurance is necessary to protect your company. While most businesses start with general coverage, almost all of them benefit from a tailored policy that includes specific language covering common claim situations the client faces. Water treatment and supply companies are no different. So what does liability insurance for water companies cover? In addition to general liability coverage, it has public and professional liability portions tailored to the realities of your business’s role in the industry. Experienced agents can quote for practically any water-related business, whether the company is treating water, making treatment chemicals, working with boilers, or in water testing.

Hazardous Materials Coverage

Water companies are among the industries that need to invest seriously in pollution insurance, especially those that treat wastewater. That’s why a complete liability package has to include pollution provisions, as well as options for excess liability coverage that can be applied to any category of liability in the policy. A complete policy will also be built around your business assets and liabilities related to them, so it may include property insurance, commercial auto, cybercrime coverage, or other individualized provisions to make sure you are comprehensively covered. To learn more about what your company needs, schedule an insurance review with an agent who has experience in this industry. Comprehensive liability coverage is easier to manage and usually more cost-effective than seeking out individual policies for different kinds of liability insurance.

Force-Placed Insurance

What You Need To Know About Having (and Removing) Force-Placed Insurance Coverage

You may have recently received a loan or a loan extension that came with some insurance strings attached. Sometimes, banks may require you to get force placed insurance to reduce the lender’s risk. While you might have already have this insurance type in place, you might still have questions about exactly what it entails and how you’ll eventually be able to get it removed.

Once Placed, There Could Be Multiple Reasons To Get Your Coverage Taken Off

Although your lender benefits from your having force placed insurance, it could, in some scenarios, turn into a financial difficulty for you. In certain cases, you might be incentivized to remove the insurance. Some of these instances might be:

  • Finding a different lender or a more beneficial policy
  • No longer being able to afford the cost of the insurance

It’s Considered a Necessary Addition To Hedge Certain Loans

However, you may also find it useful to understand why you had to get this insurance to start with. Generally, lenders will require a force-placed policy if the insurance you bring to the table does not provide enough coverage. In this way, it offers them extra protection should you happen to default.

While it might not have been entirely up to you to get force placed insurance, you can at least understand the details of how it works and how you could potentially get it removed. With this fresh perspective, you can balance your needs and your lender’s requirements.

Employment-Related Lawsuits

How to Protect Your Business Against Employment-Related Lawsuits

No matter the industry that you are in, all business owners can face lawsuits. This is particularly true when there are several different regulations that you have to make sure that you follow. To stay safe, you need to minimize your risk and consider employment practices liability in Ohio.

How Can You Minimize Your Risks?

When it comes to employment practices liability, you can first minimize your risk through instating proactive policies. For instance, when you hire a new employee, the job description should have a detailed summary of the position and should define all your employee’s expectations. Have an updated employee handbook that can communicate all of your workplace expectations, your policies and include the rules and disciplinary procedures. While you can take proactive steps to minimize the risk, you also need EPLI coverage.

What Is EPLI Coverage?

Consider EPLI coverage to be a safety net. The coverage pays for litigation expenses, fees and other damages if you face a lawsuit over employment-related claims. For instance, if you are sued for breach of contract, sexual harassment, wrongful termination or other business claims, you have coverage that can help you either settle or fight the claims.

When it comes to your business, insurance should be considered your safety net. Lawsuits can happen to anyone and are particularly common, no matter the size of your business. It is better to be safe than to have to pay the legal fees.

Lender Placed Insurance Coverage

Lender Placed Insurance Coverage After Foreclosure

Defaulting on mortgage payments and entering foreclosure is a devastating experience for homeowners. This unfortunate situation also can create financial hardship for lenders, who risk a loss of credit when their properties undergo a lapse in insurance. Having a lender placed insurance coverage policy in place prevents this from happening.


Lender placed insurance, sometimes called forced place insurance, avoids some of the many legal complications that go along with foreclosure. Here are some of the other benefits of this type of policy:

  • Foreclosures eligible for lower rates
  • Available to investors or lenders
  • Multiple properties covered under same policy
  • Policy usually maintained until cancellation
  • Prorated for time period coverage is necessary


Besides standard home insurance, more specialized policies are available from some insurance providers. Depending on the state where you live, these coverages can include the following:


Lender placed insurance is available for more than just single-family homes. It is regularly applied to condominiums, apartments, and commercial properties. If you have leased the foreclosed residence to others, insurance can protect you from loss of rental income.

Foreclosures can be a lucrative source of real estate and mortgage capital. Don’t let lapses in insurance interfere with your business; instead, protect your investment with lender placed insurance coverage for foreclosed properties.

Property Insurance

Understanding High Net Worth Property Insurance

Insurance needs change based around a few factors. On the one hand, many policies are dictated based around a person’s own history with insurance. The fewer claims made, the easier it is to find a policy that appeals to your sensibilities. However, there are some extraneous factors that play a huge part in what policy is best for your needs. Your income and the value of your property, for example, have a huge impact on what policy will make the most sense. For many, high net worth property insurance is a must.

What Is High Net Worth Property Insurance?

Property is always expensive. Still, some buildings are worth a lot more than others. This means that you can’t just opt for a standard insurance policy to cover all of the risks you face. While theft is always a concern for people who own buildings, properties that house more valuable items are bigger targets. Insurance policies structured for such properties will typically include protection for items that are stored in the home. This coverage also helps you maintain the estimated value of the real estate itself. Additional considerations to take include:

  • The state of property when purchased
  • How often the real estate is used
  • The estimated value of custom features of the property

Insure Based on Your Actual Needs

Though all people should be treated as equals, the same can’t be said for insurance packages. Look over the details to see how the value of your real estate changes what coverage is most appropriate.

COFR Insurance Coverage

Essential Facts About COFR Insurance Coverage

If your business operates vessels in the United States, you may be required to obtain a COFR, or Certificate of Financial Responsibility, to prove that you are able to pay for expenses in case of an oil spill. While it might seem like an additional hassle, it’s important to get comprehensive COFR insurance coverage to protect your company.

You May Face Penalties for Noncompliance

It’s important to understand that without a COFR if you’re required to have one, you may face several harsh penalties. Some of the penalties you may be risking for noncompliance include:

  • Being required to forfeit your vessel
  • Receiving a fine of up to $30,000 per day
  • Being denied entry at your destination
  • Getting detained

In order to avoid these penalties, proper COFR coverage is essential. Thankfully, with online applications available, the process to get a COFR is straightforward.

Check Your Requirements

While not all vessels are required to have a COFR, some are. For example, if you operate a vessel of more than 300 gross tons within the United States’ Exclusive Economic Zone waters, you are required to have one. On the other hand, there are also some exceptions. For instance, public vessels not carrying oil as cargo or fuel may not be subject to this requirement.

When it comes to protecting your company and complying with relevant regulations, adequate COFR insurance coverage is key. Keep these essential facts in mind and you can find the right policy for your business.

Tail Policies

Tail Policies Deliver Peace of Mind

Liability insurance coverage is given in most businesses. However, policies do expire and sometimes companies need extended coverage to ensure they are protected from financial risks. In these circumstances, industry experts recommend tail policy coverage.

Tail Coverage Explained

A tail policy, also known as an Extended Reporting Policy, often shortened to ERP, allows the insured to make claims even after the initial policy expires or is canceled, as long as the act upon which the claim is based occurred during the policy term. For example, if a company paid for a liability policy for one year and then chose not to renew it, that company could purchase tail coverage for an additional year. This tail policy would allow that company to file claims against acts that took place during the initial insurance term.

When Tail Policies Help

Tail policies are helpful in multiple types of situations but especially during times of change such as when a company is being sold. While that business may choose not to renew its policy, it still needs protection during the process of changing owners. Tail coverage provides just such coverage, as that company can still make claims based on its original insurance. Tail policies are purchased for specific time periods and cannot be lengthened.

Extended reporting period coverage, or tail policies, offer business owners and managers peace of mind. They provide a financial safety net during transitional periods. When company executives and employees are protected, they can carry on with business as usual.