Categories
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.

Categories
Renter's Insurance

Understanding Renter’s Insurance

Moving into your first home is an exciting opportunity. Many landlords will require renter’s insurance, while many more will not. For the landlords that don’t require it, you may be wondering if you should purchase coverages under a renters policy regardless. 

Your Landlord’s Insurance

Many people have the misconception that they don’t need to purchase additional insurance because they are covered under their landlord’s property insurance. This is not true. 

Your landlord’s commercial real estate policy will only cover losses that apply to the actual dwelling. That means it will not cover your furnishings and belongings, nor will it cover any accidents that you may be found liable for, such as if your dog were to bite someone. 

Facts About Renter’s Insurance

Having a renter’s policy could save you a lot of money and frustration if something were to happen on the premises where you live.

A renter’s policy 

  • is affordable
  • covers loss of property
  • covers cost of another place to stay
  • protects you if someone is injured on the property

The policy is also customizable, so if you want more coverage in certain areas, you can purchase it. 

Having renter’s insurance could also save you from having to replace everything and not having a roof over your heard if something were to happen. That makes it is worth the peace of mind it brings for a low cost. 

 

Categories
Maritime Insurance

A Beginner’s Guide to Maritime Insurance

Marine insurance, also known as maritime insurance coverage, is an insurance policy that protects anything related to vessel transport. This is essential coverage for any company or individual transporting goods over water. In the event of an accident or weather-related incident, any losses to property can be claimed.

What’s Included

Maritime insurance specifically covers property. This means that any ships, vessels and goods that are lost can be compensated for in a claim. Most coverages can be tailored to a company’s specific needs depending on what they usually transport and where they go.

How It’s Different From Maritime Employer’s Liability Coverage

Employer’s liability does not cover property. Instead, it focuses on any employees or individuals harmed in an accident. Maritime jobs can come with many hazards, and coverage can prevent a company from paying out enormous claims if someone is hurt. It also covers employees who are on another vessel outside of the company’s fleet.

Why Coverage Is Essential

Any employer working in commercial sea industries should have general maritime insurance coverage and employer’s liability coverage. This ensures that all property is insured from damage and all employees feel safe and covered in case of an injury. You could lose many investments by failing to be insured, so don’t wait to get it.