- Automobile Coverage
- Commercial Property
- Business Liability and Commercial General Liability Coverage
- Workers Compensation
- Surity Bonds
- Total Human Resource Professional Employer Organization
- Non-Profit Directors & Officers Coverage
Hired and Non-Owned coverages are the primary endorsements
added to General Liability Policy. InsuranceCheckRate.com will ensure that
both Hired Auto and Non-Owned coverages are an integral part of your
policy.
Hired Automobile Coverage:
Hired Auto can either supplement or replace car rental coverage but this does not cover the physical vehicle, it only makes sense to obtain the rental agency’s physical damages policy. This policy only covers your company’s responsibility, not the driver of the vehicle.
Non-Owned Coverage
This coverage protects the company should it be used for an accident while your employee is on company business in a personal vehicle and only protects the company and supplements the driver’s personal auto liability coverage.
Commercial property provides protection against loss pertaining to real property, furniture, tenant’s improvements, inventory, equipment, property of others at your premise, computer equipment, property in transit against all properties caused by perils such as fire, windstorm, theft or vandalism.
InsuranceChcekRate.com will customize policies protect computer equipment, software, media and data against perils such as power charges, mechanical breakdown, magnetic injuries.
The amount of coverage should meet a minimum threshold equal to the replacement cost value of all property lost. Aggregate amounts should apply and include both real property and computer related losses; this should be included in the basic policy.
Note that many property policies exclude any losses caused by Acts of War, flood, earthquake and employee dishonesty.
InsuranceCheckRate.com will provide Business Liability or General Liability covers claims of bodily injury or other physical injury or property damage that is typically packaged with Property Insurance to protect your business. This permits your business to continue and operate while it faces real or fraudulent claims.
There are four basic categories of Business liability:
Bodily Injury
Property Damage
Advertising Injury
Personal Injury (includes slander and libel)
The business liability insurance protects against financial loss that may occur from claims or injury caused to other parties by you or your employees.
Employment Practices Liability: The legal defense costs for you and your employee relating to employment related lawsuits brought by current or former employees. This is considered the most utilized liability coverage currently today.
Defense Costs: Liability claims for legal expenses brought against your business regardless who is at fault.
Tenenets Liability: protects the premise that you rent in case of damage due to fire, flood or ther losses caused by you.
Premises and Operations Liability: As a result of your business operations, bodily injury property damage sustained at your premises.
Medical Expenses: Due to an accident at your business, pays for medical costs when a person is injured.
Defense Costs: Any legal fees or expenses associated with claims brought against your business.
Personal Advertising Injury: In the course of your business advertising, claims for libel, slander, disparagement or copyright infringement may be covered.
Hired Automobile Coverage:
Hired Auto can either supplement or replace car rental coverage but this does not cover the physical vehicle, it only makes sense to obtain the rental agency’s physical damages policy. This policy only covers your company’s responsibility, not the driver of the vehicle.
Non-Owned Coverage
This coverage protects the company should it be used for an accident while your employee is on company business in a personal vehicle and only protects the company and supplements the driver’s personal auto liability coverage.
Commercial property provides protection against loss pertaining to real property, furniture, tenant’s improvements, inventory, equipment, property of others at your premise, computer equipment, property in transit against all properties caused by perils such as fire, windstorm, theft or vandalism.
InsuranceChcekRate.com will customize policies protect computer equipment, software, media and data against perils such as power charges, mechanical breakdown, magnetic injuries.
The amount of coverage should meet a minimum threshold equal to the replacement cost value of all property lost. Aggregate amounts should apply and include both real property and computer related losses; this should be included in the basic policy.
Note that many property policies exclude any losses caused by Acts of War, flood, earthquake and employee dishonesty.
Business Liability and Commercial General Liability Coverage
InsuranceCheckRate.com will provide Business Liability or General Liability covers claims of bodily injury or other physical injury or property damage that is typically packaged with Property Insurance to protect your business. This permits your business to continue and operate while it faces real or fraudulent claims.
There are four basic categories of Business liability:
Bodily Injury
Property Damage
Advertising Injury
Personal Injury (includes slander and libel)
The business liability insurance protects against financial loss that may occur from claims or injury caused to other parties by you or your employees.
Employment Practices Liability: The legal defense costs for you and your employee relating to employment related lawsuits brought by current or former employees. This is considered the most utilized liability coverage currently today.
Defense Costs: Liability claims for legal expenses brought against your business regardless who is at fault.
Tenenets Liability: protects the premise that you rent in case of damage due to fire, flood or ther losses caused by you.
Premises and Operations Liability: As a result of your business operations, bodily injury property damage sustained at your premises.
Medical Expenses: Due to an accident at your business, pays for medical costs when a person is injured.
Defense Costs: Any legal fees or expenses associated with claims brought against your business.
Personal Advertising Injury: In the course of your business advertising, claims for libel, slander, disparagement or copyright infringement may be covered.
Worker’s Compensation is regulated and required in most states to cover W2
employees. This includes your employee’s medical and disability expense
that is related to work related illness or on the job injuries or accidents. In many
states, owners, partners, principals and offices may decline to in the company’s
offering of this program.
InsuranceCheckRate.com will ensure that Liability coverage of the employer that is included in this policy should provide coverage of an employee claim that his or her injury or illness by due to cause by your firm’s negligence or failure to provide a safe workplace.
The beginning coverage shall be provided in amounts not less than $500,000 per accident for bodily injury, $500,000 policy limit for disease and $500,000 per employee for any bodily injury by disease.
InsuranceCheckRate.com will ensure that Liability coverage of the employer that is included in this policy should provide coverage of an employee claim that his or her injury or illness by due to cause by your firm’s negligence or failure to provide a safe workplace.
The beginning coverage shall be provided in amounts not less than $500,000 per accident for bodily injury, $500,000 policy limit for disease and $500,000 per employee for any bodily injury by disease.
Surity Bonds is a guarantee, a form of credit and not insurance.
A Surity Bonds works like this: the principal that is you, pays a bond premium
which is percentage of the bond. In return, the surety will extend credit called
surity credit to make the required guarantee or bond. A claim can occur when the
principal does not follow the terms of the bond. The surety then will investigate to
ensure that the claim is in fact valid. If the claim is valid, the surity will request of
the principal for payment of the claim and any legal fees.
InsuranceChcekRate.com will ensure that these types of Surity Bonds are offered:
Contact Bonds are bonds applied to the contract to ensure the guarantee of the contract.
Types of these bonds include; Bid Bonds, Contract Bonds, Payment Bonds, Performance Bonds, Site Improvement Bonds, Subdivision Bonds, Supply Bonds.
Court Bonds are bonds that are utilized by the courts to execute and ensure completion of court actions:
Appeal Bonds that require 100% collateral.
Custodian and Guardianship guarantees that the guardian of a a minor
is appropriate to manage individual finances.
Probate Bonds also known as Estate, Executor or Fiduciary Bonds
are required by the courts to ensure executor of and estate for a
deceased or incapacitated.
Fidelity or Employee Dishonesty bonds ensures coverage from an employee that steals money, equipment, fund transfers, wiring transfers or any asset from your business. This is covered by First Party assets of the business and Third Party assets of any client.
InsuranceChcekRate.com will ensure that these types of Surity Bonds are offered:
Contact Bonds are bonds applied to the contract to ensure the guarantee of the contract.
Types of these bonds include; Bid Bonds, Contract Bonds, Payment Bonds, Performance Bonds, Site Improvement Bonds, Subdivision Bonds, Supply Bonds.
Court Bonds are bonds that are utilized by the courts to execute and ensure completion of court actions:
Appeal Bonds that require 100% collateral.
Custodian and Guardianship guarantees that the guardian of a a minor
is appropriate to manage individual finances.
Probate Bonds also known as Estate, Executor or Fiduciary Bonds
are required by the courts to ensure executor of and estate for a
deceased or incapacitated.
Fidelity or Employee Dishonesty bonds ensures coverage from an employee that steals money, equipment, fund transfers, wiring transfers or any asset from your business. This is covered by First Party assets of the business and Third Party assets of any client.
Total Human Resource
Professional Employer Organization
The Total Human Resource concept provides an all-in-one
Human Resource Outsourcing option.InsurananceCheckRate.com will provide this option of a non investment or non
creation of a Human Resource department that let’s you focus on billable hours and doing what
you enjoy, working with your clients.
This Administrative Solution permits the following:
Ensure compliance of complex Federal and State regulations
Attract and Retain Top Talent
Provide “Big Company” benefits
Remove Business Management and Enhance Client Management
This Total Human Resource Solution provides a complete package of Benefits, Payroll and Administration services to you with in a two week period. Benefits include the following:
10-14 Health Plans
5 Dental Plans
5 Ancillary benefits such as Life, Long Term Disability, Vision
Short Term Disability and Rx plan options
Health Savings Accounts, Health Retirement Accounts, Flexible Spending
Retirement plans such as 401(k) and 403(b) options
This system maintains a top shelf online system that includes Oracle People Soft technology platform that ensures real time solutions at your finder tips.
creation of a Human Resource department that let’s you focus on billable hours and doing what
you enjoy, working with your clients.
This Administrative Solution permits the following:
Ensure compliance of complex Federal and State regulations
Attract and Retain Top Talent
Provide “Big Company” benefits
Remove Business Management and Enhance Client Management
This Total Human Resource Solution provides a complete package of Benefits, Payroll and Administration services to you with in a two week period. Benefits include the following:
10-14 Health Plans
5 Dental Plans
5 Ancillary benefits such as Life, Long Term Disability, Vision
Short Term Disability and Rx plan options
Health Savings Accounts, Health Retirement Accounts, Flexible Spending
Retirement plans such as 401(k) and 403(b) options
This system maintains a top shelf online system that includes Oracle People Soft technology platform that ensures real time solutions at your finder tips.
Non-Profit Directors & Officers Coverage
D& O or Directors & Officers coverage for non-profit organizations is not the same coverage as for-profit D&O coverage. Often the non-profit D&O coverage is broader than for profit D&O coverage, and will frequently incorporate specific coverage provisions for the specialty nature of non-profit organizations.
InsuranceCheckRate.com will ensure this proper distinction is maintained.
Non-profit D&O coverage can include employment practice liability (EPL) and
Errors and Omissions coverage (E&O) . The D&O policy protects both the non-profit organization and key individuals against claims for wrongful or negligent acts allegedly committed by them in performing duties as an individuals serving the non-profit.
The insurance can cover the loss that they are legally obligated to pay as a result of a
wrongful or negligent act and may also cover legal fees for defense.
The D&O that incorporate EPL coverage protect the entity and D&O’s from discrimination, wrongul termination and sexual harassment allegations which have recently become a major part of coverages. Some organizations elect to obtain coverages for D&O coverage separate from a policy for EPL coverage to ensure maximum benefits possible since the recent wave of EPL lawsuits. Non-profit D&O policy forms can vary greatly. Some policy forms provide D&O only, but many forms have been extended to provide employment practice liability coverage and professional liability coverage or Errors and Omissions coverage. Not only do the basic coverages provided vary from policy to policy, but also the specific coverage provisions within each base coverage vary significantly. Additionally, one particular form is not necessarily better than another in all cases. Note that while the policy form may incorporate the additional EPL and E&O coverages, the forms are often referred to as "non-profit D&O." It is imperative that the insured review the form that is provided to ensure that the coverage consistent with operational needs and the coverage desired.
A non-profit D&O policy typically protects both the non-profit organization and key individuals against claims for wrongful or negligent acts allegedly committed by them in performing their duties. The insurance can cover the loss if the non-profit or its covered individuals are legally obligated to pay as a result of the wrongful or negligent act in serving the non-profit. The non-profit D&O policy also covers legal fees for defense, even if the case is settled out of court.
The non-profit D&O forms that incorporate EPL coverage typically protect the entity and the directors and officers (the Ds & Os) from wrongful termination, discrimination, and sexual harassment allegations.
Non-profit D&O insurance is available from a wide range of specialty lines insurers on both a licensed (admitted) and surplus lines (non-admitted or E&S) basis. Coverage and pricing vary greatly depending upon the type of organization, the specific purpose of the organization and its size and location. Coverage and pricing also vary considerably between insurers since each has its own particular approach, preferences and underwriting considerations.
Specific coverage provisions are important for this coverage. For example, some organizations prefer to purchase the EPL and E&O coverages separately, and some are required to do so because of the unique nature of their organization. For example, a trade association that is directly providing insurance to its members will typically be required to purchase insurance agents E&O coverage separately (if coverage is desired).
Coverage is provided on a claims made basis with Limits and Deductibles that vary dependent on the amount of coverage the organization is wanting to Risk Manage. The Standard limits for most non-profits begin at 1 million per claim and can run in multiple factors after this. Aldo, defense costs can be included in the Limits but may also be applied outside of the coverage and is now considered a necessary rider.
Coverage is normally provided on an annual basis with multi year policies available for certain types of accounts. Multi year policies are provided for two or three years with either up-front or annual installment payment plans. When up-front multi year policies are offered, the premium is typically discounted for the pre-payment.
Premiums may vary dependent on the type of organization, its member services or benefits and other operating factors in addition to coverage terms. A minimum premium can vary depending on the market and normally begin at $1,000 annually.
All policies have a list of exclusions that include illegal acts, acts which are uninsurable based on public policy and claims for losses involving bodily injury or pollution. These exclusions are typically found on all policies.
The D&O that incorporate EPL coverage protect the entity and D&O’s from discrimination, wrongul termination and sexual harassment allegations which have recently become a major part of coverages. Some organizations elect to obtain coverages for D&O coverage separate from a policy for EPL coverage to ensure maximum benefits possible since the recent wave of EPL lawsuits. Non-profit D&O policy forms can vary greatly. Some policy forms provide D&O only, but many forms have been extended to provide employment practice liability coverage and professional liability coverage or Errors and Omissions coverage. Not only do the basic coverages provided vary from policy to policy, but also the specific coverage provisions within each base coverage vary significantly. Additionally, one particular form is not necessarily better than another in all cases. Note that while the policy form may incorporate the additional EPL and E&O coverages, the forms are often referred to as "non-profit D&O." It is imperative that the insured review the form that is provided to ensure that the coverage consistent with operational needs and the coverage desired.
A non-profit D&O policy typically protects both the non-profit organization and key individuals against claims for wrongful or negligent acts allegedly committed by them in performing their duties. The insurance can cover the loss if the non-profit or its covered individuals are legally obligated to pay as a result of the wrongful or negligent act in serving the non-profit. The non-profit D&O policy also covers legal fees for defense, even if the case is settled out of court.
The non-profit D&O forms that incorporate EPL coverage typically protect the entity and the directors and officers (the Ds & Os) from wrongful termination, discrimination, and sexual harassment allegations.
Non-profit D&O insurance is available from a wide range of specialty lines insurers on both a licensed (admitted) and surplus lines (non-admitted or E&S) basis. Coverage and pricing vary greatly depending upon the type of organization, the specific purpose of the organization and its size and location. Coverage and pricing also vary considerably between insurers since each has its own particular approach, preferences and underwriting considerations.
Specific coverage provisions are important for this coverage. For example, some organizations prefer to purchase the EPL and E&O coverages separately, and some are required to do so because of the unique nature of their organization. For example, a trade association that is directly providing insurance to its members will typically be required to purchase insurance agents E&O coverage separately (if coverage is desired).
Coverage is provided on a claims made basis with Limits and Deductibles that vary dependent on the amount of coverage the organization is wanting to Risk Manage. The Standard limits for most non-profits begin at 1 million per claim and can run in multiple factors after this. Aldo, defense costs can be included in the Limits but may also be applied outside of the coverage and is now considered a necessary rider.
Coverage is normally provided on an annual basis with multi year policies available for certain types of accounts. Multi year policies are provided for two or three years with either up-front or annual installment payment plans. When up-front multi year policies are offered, the premium is typically discounted for the pre-payment.
Premiums may vary dependent on the type of organization, its member services or benefits and other operating factors in addition to coverage terms. A minimum premium can vary depending on the market and normally begin at $1,000 annually.
All policies have a list of exclusions that include illegal acts, acts which are uninsurable based on public policy and claims for losses involving bodily injury or pollution. These exclusions are typically found on all policies.
