Monthly Archives: August 2017

Test Your Entertainment Business Insurance IQ

A Entertainment Business Insurance Update

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your entertainment insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

  1. Your deductible is the amount you are responsible for if a covered loss occurs.

True       False

  1. Flood and earthquake coverage are always part of your business property coverage.

Ture       False

  1. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist.

True       False

  1. Business Interruption covers your lost income no matter what kind of loss closes your business.

True       False

  1. My employees are prohibited from suing me, as this would be a workers’ compensation claim.

True       False

MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.

We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!

Answers

  1. True-
  2. False- You need to add this coverage under a separate policy
  3. False- Cyber insurance can be purchase by all business
  4. False- Business interruption only applies to covered losses under the policy
  5. False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.

Workers’ Compensation Best Practices

Business owners go to great lengths to provide a safe working environment for their employees. However, when dealing with humans, accidents can happen, and Workers’ Compensation Insurance can help.  Workers Compensation Insurance should be an important part of every risk management program.

What Is Workers’ Compensation?

Workers’ compensation insurance is insurance that provides lost income, medical benefits, disability benefits, and rehabilitative services for workers injured on the job or while performing work-related duties.

Why Your Business Needs Workers’ Compensation Insurance

When an employee gets hurt on the job or has a work-related illness, only workers’ compensation will cover them.  Health insurance benefits will not provide coverage for on-the-job injuries.

What Is the Best Way to Keep Costs Down?

  • Provide training for hazardous work, especially for new or inexperienced workers.
  • Enforce safety rules and practices.
  • Enforce drug and alcohol rules.
  • Require safety equipment to be worn at all times.
  • Keep work areas clean.
  • Workers should not wear loose clothing or jewelry around machinery.
  • Where required, workers must wear protective equipment such as goggles, safety glasses, masks, gloves, hairnets, etc. appropriate to the task.
  • Safety equipment such as restraints, pullbacks, and two-hand devices are designed for worker’s protection. Be sure such equipment is adjusted for each worker.
  • Do not ever remove machine safety guards.
  • Develop a system for reporting unsafe practices.
  • Have monthly safety meetings that review safety issues and related topics.
  • Create accident investigation procedures that focus on prevention and change.

MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.

We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!

 

When Your Property Goes Off Your Premises, Your Business Needs Inland Marine Insurance

Entertainment Insurance update

Your entertainment insurance covers your personal property, stock, goods, and products while they are at your insured locations.  However, if you take that business property offsite, it may need special insurance to be covered.  Most modern businesses are highly mobile and frequently interact offsite with goods, products, and supplies from all over the world.

If your business delivers goods to customers or other parties, you want your equipment and products insured while away from your premises. Some examples might include:

  • Cameras
  • Props and other equipment stored in truck
  • Lighting

If you are responsible, you want your business insurance to respond to any claim or loss.  Inland marine insurance can be added to your business insurance policy to cover such risks. Inland marine insurance is designed to cover products in transit, those held over at interim shipping points or various other fixed locations, and other movable properties that are transported from one place to another.

MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.

We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!