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What Insurance Do Volunteer Groups Need?

Nonprofit companies and volunteer organizations operate differently than traditional businesses and have specific risk management needs. To find the right insurance for voluntary groups, consult an agency with expertise in this area.

Public Liability

This type of insurance covers costs if someone sustains an injury resulting from a volunteer’s actions. It is vital to make sure the policy you choose for your company includes volunteers. These policies typically cover the following third-party claims stemming from accidents or negligence:

  • illness
  • loss
  • injury
  • death
  • property damage

Coverage varies, so carefully read your policy to ensure you have adequate protections in place.

Employers’ Liability

Often the law requires this kind of insurance for voluntary groups. It provides coverage to help pay the costs associated with volunteers who become ill or injured while performing duties for your company.

Directors and Officers Liability

A D&O policy offers protection for the people who run your team, mitigating attorney costs associated with the defense of claims stemming from events, such as:

  • An officer fails to fulfill legal obligations or execute professional duties.
  • A manager does not comply with industry regulations or standards.
  • A board member receives accusations of funds misuse or bad investment decisions.

You can often add coverage offering protection for discrimination claims in hiring, promotion or termination practices.

Mistakes and accidents occur within every organization. Ensure your operation has sufficient coverage in place by obtaining the necessary insurance for voluntary groups.

The Story Behind Errors and Omissions Liability

At some point in your business operations, you may have a disagreement with a business partner or a client over the results of a decision or a perceived mistake. This situation could lead to claims of negligence in practice, sometimes ending in a lawsuit dealing with errors and omissions. The nature of the claims and concerns will vary by industry and scenario.

The Legal Ground for Error and Omission Claims

There is a range of E&O claims that can be filed against you or your company, but the legal grounds for proof remain the same. To have a valid case, the party must establish that the work did not meet reasonable expectations or contractual obligations according to industry standards. It must also be shown that damages occurred and that any damages were a direct result of the work your company did or didn`t do.

The Situations That Lead To E&O Claims

You don`t have to make a big mistake for a claim to be made against you or the company. Situations involving poor communication where a consumer draws their own conclusion may lead to feelings of neglect or misinformation. Clerical errors or processing paperwork late can also lead to situations of confusion where the client wants retribution for their hassle or frustration.

The financial liabilities associated with errors and omissions can be covered with an E&O policy. Check with your insurer to see how much you are covered.

Understanding the Different Types of Liquor Liability Insurance

Business owners that serve alcohol know they can be held liable for various types of damage that result in injury or property damage by intoxicated persons. Liquor liability insurance coverage usually protects an alcohol-serving business from claims or damages that result from their patrons’ consumption of alcohol. This is just one of two types of liquor liability insurance that a business can purchase to help cover their operational risks. Companies that do not serve alcohol, but allow the consumption of it on their premises may also be liable from injuries and losses caused by intoxicated persons. In this case, a host liquor liability insurance policy helps protect these companies.

Exploring the Differences

Liquor liability policies are usually one of two types:

  1. Liquor Liability Insurance: This is recommended for businesses that sell or serve alcohol to protect against lawsuits resulting from injuries or property damage from an intoxicated person.
  2. Host Liquor Liability Insurance: This type of coverage is advised for companies that host social events where alcohol can be consumed on the premises.

Host liquor liability insurance is often included in general liability insurance. It covers medical expenses, damages and legal costs.

Tailoring Your Coverage

As a business owner, you should consult an insurer that specializes in liquor liability coverage. The right provider can help you determine the specific type of liability coverage that your business needs with respect to risks associated with alcohol service and consumption.

Understanding Contingent Liability

Navigating the various kinds of liability insurance available to your business can be confusing. General liability covers just about everything, so shouldn’t that be enough? The fast answer is no, and it’s not a good idea to just buy more general liability coverage if you only face additional exposure along one line of liability. Since general policies tend to have a cap overall and for each type of liability covered, additional coverage that suits your unique business risk profile is often a good idea, and that’s what contingent liability insurance policies offer to businesses who need them.

What Is Contingent Liability?

Often called indirect liability or 3rd party liability, this avenue of risk is essentially when you bear liability for possible damages to a third party as a result of work your business does. The three terms are interchangeable, so if you have an existing 3rd party liability policy, it’s essentially the same coverage. Depending on your business’s operations, you could have just a little exposure in this area or it could be one of the biggest avenues of risk you face, which is why it is typically included in general liability and sold on its own as an extended policy as well. If you’re not sure whether you have enough coverage in your general liability policy, it’s a good idea to have a professional walk you through your exposure so you can buy the coverage needed to fully protect your business.

Agricultural Insurance Can Keep You Growing

The agriculture industry is an important sector in the U.S. economy. Whether you are the owner of a farm, ranch, orchard or any other agricultural business, you have specific risks that other businesses and other industries do not face. Agricultural insurance coverage is critical.

Types of Businesses Covered By Agricultural Insurance

When it comes to agriculture insurance, there are several types of businesses that are covered. This includes crop farms, animal ranches, wineries, nurseries and more. Agricultural insurance covers businesses that grow food, raise livestock and more. Whether you mill grain, own a dairy farm or ranch animals, you are a part of the agriculture industry.

Types of Risks Accounted for By Agricultural Insurance

Whether you have a large operation or a small farm, there are several risks that you may have to account for. For instance, you need to think about damages to your commercial property, injuries to staff or breakdowns of equipment.

Some common solutions cover the following:

  • General liability
  • Feed lots
  • Livestock
  • Business interruption
  • Workers’ compensation

When it comes to your farm, you need to remain protected. If you lose your crops, your livestock or if your staff becomes injured, you have to have a way to keep going, despite the costs.

When it comes to insuring your business, you have to consider the specific risks of the industry. Farming and agriculture are no different.

3 Necessary Insurance Policies for Your Cannabis Business

The business of cannabis can be highly rewarding, but it also comes with a number of calculated risks. As the industry continues to boom, so do the available coverages, which now span from soil to shop. Though you should weigh all options to see which best suit your needs, the following key insurance policies for cannabis businesses help ensure that your business remains secure from internal and external threats.

1. Worker’s Compensation

Unlike many cannabis insurance policies, worker’s compensation is required by all cannabis businesses. It is essential for covering any employees who experience illness or injury while at work, as the policy offers indemnification against the costs of medical treatment and covers loss of regular income due to the illness or injury.

2. General Liability

Like worker’s compensation, general liability insurance is required in certain instances. Even when it is not required, it is the most recommended policy as it protects against claims from customers. These claims usually involve injury on business premises or illness caused by sold products.

3. Cargo Coverage

As the name suggests, cargo coverage insures all of your transported goods. This type of policy usually covers any and all damages to or losses of the product while in-transit. It applies to any stage of the transportation process, from pickup to delivery, and sometimes even applies to companies you hire to transport your products for you.

The growth of the cannabis industry shows no signs of slowing, making it a clear business opportunity for many; however, it’s crucial to consider all risks and how best to mitigate them, starting with solid insurance policies.

The Basics of Professional Liability Insurance Coverage for the Media Industry

Working in the media industry, whether you produce TV programs, write newspaper columns or market advertisements, usually entails some degree of vulnerability to professional liability claims. If you’re in media and are wondering what sort of media insurance coverage you should get to protect yourself or your company, take a look at these insurance basics you should be aware of.

Look for a Tailored Policy

In order to get the most out of your insurance coverage, spend some time shopping around for a policy tailored to your field and your individual needs. Industries that are eligible for media insurance coverage include:

  • Communications and telecommunications
  • Telemarketing
  • Advertising
  • Software design

In short, if you regularly publish material, you may need liability insurance.

Protect Yourself Against Several Claim Types

When choosing your policy, make sure you or your company are protected against many types of claims. Some of the most common ones may include:

  • Slander or libel
  • Intellectual property infringement
  • Breach of agreement

Without adequate coverage, you may leave yourself or your employees legally and financially vulnerable.

The media industry covers a broad range of professions, including journalism, marketing, content production and much more. If you work in these fields, consider getting a media insurance policy for protection in the event of a claim.

Key Facts About Employee Benefits Liability Coverage

While most companies provide employee benefits programs, even the most generous packages can sometimes contain omissions that may lead to claims and liabilities. Some employee benefits claim examples include accidentally erasing employee files, discussing plans with non-employees, and failing to enroll an eligible employee. In order to protect yourself and your business, there are a few important facts to understand benefits liability coverage.

Ensure Your Benefits Program Qualifies

Before you can purchase liability coverage, you should ensure that your current benefits program fits requirements. Covered benefits typically include:

Once you’ve identified the benefits you need coverage for, you can begin looking for a policy. Be aware that many policies only provide coverage for claims made during the period you purchase.

Errors Covered May Vary

Because the errors covered by a policy may vary, be sure that your plan will help protect you in areas you need. Administrative mistakes and filing errors are common situations where your company may need help covering damages, for instance.

Even if your company offers a generous employee benefits package, you may still be vulnerable to claims due to errors or omissions. If you’ve looked at some employee benefits claim examples and wondered whether your company could use extra protection, you may want to look into benefits liability coverage. The right plan could give your business the coverage it needs.

Liability Insurance for Public Officials

Public official’s liability insurance covers defense costs or damages for claims brought against elected officials, government employees, and volunteers.

Why Do Public Employees Need Liability Policies?

Any business needs protection to cover expenses when faced with unexpected lawsuits and legal fees. Those who work in the public sphere also require this type of coverage. These kinds of jobs involve a high level of risk exposure to legal claims.

Public figures face a great deal of legal scrutiny within every project. People file lawsuits for issues involving discrimination or mismanagement of funds. There is also potential exposure to claims regarding things like zoning issues or failure to perform job-related tasks.

Public entities, their officials, and employees working in various capacities need this type of liability policy, including:

  • Local governments – This includes towns, cities, boroughs, and counties.
  • Special Districts – Districts such as water and sewer utilities, hospital, fire, irrigation, housing, transit, and parks, and recreation departments are part of this category.
  • Airports and airport authorities

What Does Public Officials Liability Insurance Cover?

This type of policy protects the insured from wrongful acts claims. These claims consist of alleged misstatements, errors, negligence, or omissions while working as an elected official or public entity employee.

Public officials are liable for their actions while performing their professional duties. They should obtain coverage from an insurer who can meet their unique requirements as public figures.

4 Common Insurance Policies for the Marine Industry

Ship-owners and those who deal with marine transport or operations are exposed to unique risks. Marine insurance experts will tell you of the need for comprehensive coverage for your boat or operations. This could include or more of the following coverage types.

 

Hull Insurance

 

This coverage focuses on the hull of the vessel and the torse, as well as most of the furniture and articles on the ship. This probably the most commonly sought after coverage for loss protection.

 

Machinery Insurance

 

With this policy, all of the essential machinery on the vessel will be covered in case of operational damages. Compensation required post-survey and approval by a licensed surveyor. Most often, hull and machinery coverage are combined into one policy.

 

Protection and Indemnity Insurance

 

This policy would address risks that are related to the ownership of the vessel from things like crew related claims. The indemnity potion addresses risks that are related to the services of the ship, such as cargo-related and client claims.

 

Liability Insurance

 

A general form of insurance, this is used when there is compensation being sought for an incident that occurred because the ship crashed, collided, or induced damage. This could address either bodily harm or property damage.

 

These are four of the most commonly used insurance policies in the marine industry. The right kind of coverage is important to securing the financial and legal responsibilities of your vessel when an adverse incident occurs.