Blanket Bonds: Critical Protection for Financial Institutions
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Blanket Bonds: Critical Protection for Financial Institutions

When it comes to handling money, especially on behalf of individuals or other parties, any operation must be sure to have the right safeguards in place. If any crime occurs which results in major financial losses, an unprotected financial institution will be responsible for the deficit. That is why blanket bonds are so important.

What Is a Blanket Bond?

Blanket bonds are insurance policies that cover instances of loss resulting from unlawful activity. This kind of coverage focuses specifically on protection against unlawful activity by employees of the institution. According to the insurance professionals at FGIB, a blanket bond is first-party coverage that doesn’t cover instances of stolen information but does protect against a plethora of other occurrences.

  • Forged or altered checks, securities, money orders, bills, etc.
  • Damage or loss of property on the premises, including ATMs and their contents
  • Counterfeit currency
  • Extortion and ransom
  • Theft of property in transit

Although these situations seem extreme, they do befall financial organizations. Therefore, it is crucial for any financial operation to secure the right kind of coverage before any of these disasters have a chance to catch anyone by surprise. With a dependable and knowledgeable insurance group, financiers can be confident that they are sufficiently protected and continue their operations without fear.

Insure Your Non-Profit With the Right Coverage
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Insure Your Non-Profit With the Right Coverage

While non-profit entities have a lot of risk overlap with for-profit businesses, they don’t have all the same needs. In fact, they have quite a different set of them in a lot of ways. You don’t typically have to worry about protections for inventory or delivered goods unless your non-profit actually makes things or runs a shop as a fundraiser, and that’s not as common as people would think. You do often have to cover employees, both with workers compensation and with liability coverage that protects you financially in the event that your organization or its representatives are also liable for the injury. You also need liability protection for the public if they visit, which is common for businesses too. But what about your volunteers?

Insurance for Volunteer Staff

Your volunteer base is usually not covered by the same protection as your workers, but they are also on site more often than the general public, and they perform roles the public doesn’t perform for your organization. That means the exposure you have to liability is different for them than for the public, so your insurance should reflect it. Moody Insurance understands this well enough to put together an excellent primer on the difference between insuring employees and volunteers, so check it out as you figure out the rest of your non-profit’s risk management strategy, and then consider your options for soliciting quotes to get set up with the insurance for non-profits you need.

Is SEO Really Such a Big Deal?
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Is SEO Really Such a Big Deal?

Chances are that you’ve heard the term SEO, or search engine optimization, thrown around more than once in your professional life. If you don’t know what SEO is, or if you do know and think that it doesn’t apply to you, think again. SEO for insurance agencies is every bit as important as it is for any other legitimate company.

What Is SEO and How Do I Use It?

Once you understand how SEO works, it’s not as complex as it seems at first. In a nutshell, SEO is exactly what it sounds like: Optimizing search results. This is the process of taking specific keywords and using them in your content to drive search results in your way. For example, let’s say you want to search Google for your business. You might try terms like “best insurance near me” or “local insurance agents.” Now, try sneaking those terms into your blog posts and website content. The more often the terms are used, the better chance you have that your website will be near the top of Google’s search results. It’s easy, it’s organic and best of all, it’s effective.

If you check out www.neilsonmarketing.com/, you find that 51% of traffic is driven by SEO. That’s a huge number, one that you should be tapping into! Take advantage of what SEO has to offer by giving it a try yourself.

Hospitality Industry Insurance Options
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Hospitality Industry Insurance Options

How long has it been since your business re-evaluated its insurance plan? If the answer is longer than six months, it’s a good idea to get your coverage reviewed. If you’re just starting out, then you basically have two options. You can go with hospitality insurance programs that fold everything you need into a single, tailored coverage package, something that takes care of all of your business insurance needs. The other option is to shop for a few specialty providers that cover areas like employment insurance, liability coverage, and E&O insurance.

Which Coverage does Umbrella work Better?

This isn’t an easy question to answer, because different companies have different needs. The key is to find the insurer who really understands your business, whether it’s lodgings, venues, and nightlife, or another key niche in the hospitality industry. An all in one package will be easier to maintain and update, but you might find that you get more detailed coverage out of specialists in each major area of insurance you need to purchase. The key is to find the companies that really know that insurance, especially in areas like liability where your industry has unique needs. You can tell because sites like the one for RMS Hospitality Group make clear exactly what kinds of hospitality coverage they can help you out with.

How EO Coverage Can Protect Billing Practices
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How EO Coverage Can Protect Billing Practices

If you are dealing with any type of medical billing, it is important to understand why you need medical billing e&o. Here is how having this type of insurance coverage can protect you in nearly any situation.

Coverage When Mistakes Occur

Mistakes can occur in any setting, and this includes when you are dealing with medical billing. Even if you or your workers are careful, you might code something incorrectly or put down the wrong name on billing information. Having e&o coverage means you are protected in case of accidents like these, and you can avoid bearing the brunt of costs, according to Axis Insurance Service.

You Can Avoid Paying Out of Pocket

Those without e&o coverage are often required to pay out of pocket on their own. This can add up to thousands of dollars and cost a lot of money if it happens more than once. In contrast, you can avoid paying for full costs when you have medical billing e&o. This can give you peace of mind and allow you to focus on taking care of what matters, rather than wondering how much another day at work will cost.

Having medical e&o coverage is a worthwhile investment that can help you save money and avoid problems if a mistake occurs.