Customization Is the Way To Go

In the past, consumers were only offered pre-packaged insurance policies that provided standardized coverage. However, consumers are demanding customizable policies that are designed specifically for them, such as homeowners and auto policies. Before you begin searching for your personalized auto insurance policy, you should understand how plans are customized and what insurance agents need to know to create your policy.

How Your Policy Is Personalized

The nature of a customized policy is that it is created for your specific needs, which means the policy doesn’t necessarily follow any set cookie-cutter formula that everyone else has. The main goal is to create a plan that offers protection based on your needs and coverage for what matters most. To do that, an agent looks at a few deciding factors. According to Transparity Insurance Services, the personalization of your policy is based on the following aspects:

  • How many drivers are included
  • How often you drive
  • How far you drive
  • Where you drive
  • What personal assets are in the vehicle
  • What your driving record looks like

Create Your Unique Policy

Who wouldn’t want a personalized auto insurance policy that caters to their needs? In today’s world, most people do and it’s important to understand what factors determine the level of protection your unique plan can offer.

Examining Group Policies for Self-Insurance

In the world of business, there are times when working with others can prove far more beneficial than going it alone. This is also true when you are exploring your insurance needs. Risk-retention groups offer you the chance to share the costs with others involved in similar industries as your own. These organizations operate under the 1986 Risk Retention Act and offer self-insurance to groups.

The Benefits

As reported by the experts at, this type of insurance applies to business owners who face the same liabilities with their companies. Though the groups need to be headquartered in one specific state, the members of the group are free to engage in the business of insurance in all states. Additional benefits that come along with this type of plan include:
Stable market coverage and rates
No expenses related to fronting fees
No market residuals
There are a number of considerations to take before you determine whether or not this kind of program is the right fit for your needs. Only liability insurance can be written in this type of group, which may not be ideal for all.
Give yourself plenty of time to research the details of this option. The more you know, the easier it will be for you to decide if it is a good fit for your future.

Common Pollutants of Ocean-Going Vessels

Environmental disasters can cause a company a small fortune to clean-up. Vessel pollution is a common environmental hazard facing marine companies throughout the world. Here are a few of the most common pollutants of ocean-going vessels.


With the vast majority of the world’s trade happens by sea, hazardous cargo can be a real problem should the ship leak or collide with something during the travel. Metals, chemicals, oil, gas, barrels of crude and material goods can release pollution into the ocean, sea and even affect land.


Because a ship requires lots of fuel to make it across the seas, those pollutants enter the air similar to a vehicle but on a larger scale. Common air pollutants include particulate matter, Sulphur dioxide, and nitrogen oxides. Not to mention the infamous carbon dioxide that contributes to the rising temperatures across the globe.


The Exxon-Valdez Oil Spill still affects Prince William Sound three decades later. According to, whoever owns the vessel that caused the spill must pay for the cleanup costs according to the Water Quality Improvement Act of 1970. Companies are now responsible for potentially millions of dollars in cleanup costs.
Protecting your maritime business against the effects of vessel pollution can keep your business running smoothly. Working to decrease pollution and covering your liabilities with the right insurance should be part of your risk management plan.