Federal Coverage Demands for Non-Seamen Employed on Waterways

The federal government plays a part in protecting the employees across the nation, whether they work on land or sea. The United States Longshore and Harbor Workers Compensation Acts is applicable to maritime employees whose primary place of employment is maritime water that is in or adjacent to the United States. This act usually renders these employees ineligible for workers’ compensation benefits at the state level, nor are they eligible for coverage under the Merchant Marine Act or the Jones Act. These individuals are not considered seamen.

Filling the Coverage Gap

The USL&H requirements for coverage exclude:

  • Sailors
  • Seamen
  • Masters and crews of any ship, vessel, or watercraft

These individuals are eligible through the other maritime laws and acts, and without the USL&H, those who work to build or repairs vessels and load and unload them would be left without coverage. The requirements of the act extend protection to those who perform an operation on or over navigable waters, including harbor workers, ship repair personnel, shipbuilders, harbor and longshore workers, and shipbreakers. Areas of operations could be a dry dock, terminal, pier, wharf, marine railway, or facility used to build, repair, or load ships.

Failing to provide compensation to an injured employee covered by the USL&H requirements could lead to heavy fines, a misdemeanor conviction, and time in jail. The entire company could face litigation, costing millions in defense costs.

Protecting Social Service Organizations From Cyber Security Issues

The social services industry provides critical services for society’s most vulnerable populations. In order to provide care, sensitive data is obtained, stored and shared. In today’s technological world, ensuring information safety and privacy can be a challenge. The threats to system security often come from simple human error and a lack of a high-quality cybersecurity program that can have catastrophic results, as well as intrusion from hackers. There are steps that organizations can take to reduce data vulnerabilities.

Important Steps for Building Cyber Security

Social services cybersecurity can be greatly improved by taking assertive actions that will safeguard client data. The first step is to determine the data your organization collects, stores and shares. All data should be considered privileged and confidential, as erroneous judgement calls can result in costly litigation should a systemic breach occur. Once you have identified the data, the following processes will shore up your cybersecurity:

  • Establish safe, protected storage technologies
  • Restrict access to data to only protected devices
  • Protect every device from which data storage and retrieval are necessary
  • Train employees in cybersecurity protocols and practices
  • Establish multi-factor authentication programs

Protecting client data is the responsibility of every social service organization, yet in today’s technologically connected world, breaches in cyber security are not uncommon. With a few proactive steps, you can ensure your company does not fall victim to the costly ramifications of intended or unintended security failures.

Racing Insurance for Yacht Owners and Clubs

Yacht club racing is a popular sport with owners of large recreational vessels for a lot of reasons. The open ocean, the spirit of competition, and the combination of engineering prowess and strategic insight all come together to make winning such an event an indescribable experience, which is probably why so many people who buy a yacht eventually give it a try. It’s a risky sport, though, which is why race teams often bring in professionals who have experience with many vessels. It’s also why the marine insurance industry creates specialized yacht racing insurance just for these events and the vessels that participate in them.

What Does Racing Insurance Cover?

For owners, the insurance policy needs to cover the yacht under all operating circumstances the race may encounter. It also needs to cover the team and anyone else aboard. In many ways, a racing policy for owners is a more robust marine insurance policy that still closely resembles a basic plan. For clubs, however, racing insurance is a must-have method of managing the risks that come with the role of the event host. That includes risk insurance for the event itself, as well as coverage for the club’s grounds and race officials, among other unique provisions that you only need if your organization hosts yacht races. It’s just the right coverage for clubs that host competitions, built to work well with your other marine business plans.

Choosing the Right Homeowner’s Insurance for Your Needs

Buying a home is a big investment. It can be a step toward financial security if well planned. Having the right insurance to protect your home and family is an important part of that process.

Understanding Coverage Options

A homeowners insurance policy is not a one size fits all instrument. It should be tailored to your home and personal situation. Coverage generally falls into one of three categories: liability, structural damage, and personal property.

When most people think of home insurance, they automatically picture the dwelling. That is an important part of your coverage. After all, fire or storm damage can lead to costly repairs or rebuilding. Outbuilding and the personal property within any buildings are also covered by your policy.

Liability insurance will cover legal and medical expenses if someone is injured on your property. Property features like a pool or trampoline can affect your liability rates.

Choosing the Right policy

The right policy will depend on the value of your home and possessions, the risks associated with its location and features, and how comfortable you are covering some loss. Features like excess value coverage, flood and water damage insurance and umbrella coverage can help round out areas that a standard policy does not cover.

Be sure to discuss your concerns with your insurance agent. They will help you design a package of coverage that fits your needs and your budget.

Why Social Media Marketing is Important to the Insurance Industry

One of the best advertising platforms going into the new millennium is social media. These days, it seems like everyone is on social media. For insurance business, an investment in social media marketing can pay huge returns. Here are three reasons why your insurance business should be marketing on social media.

  1. Half the World’s Population Uses Social Media

If you want people to find your brand, social media platforms are the place to be. Statistics show that in the United States, three-quarters of the population use social media.

  1. Targeted Audience

Social media platforms such as Facebook and LinkedIn provide tools for advertising campaigns that target your specific audience. This means your ad shows up to the market you choose. If you want to attract automobile collectors, you can target people who show automobiles as an interest in their profile. Targeting the right audience ensures your funds are spent wisely on the right audience.

  1. Engagement

Social media provides you the opportunity to engage with your clients and potential clients. Nothing gets more attention on social media than interesting videos and informative articles. When you engage with your audience, they remember you, and they come back.

Marketing on social media does take skill. If you don’t know how to write engaging posts or capture exciting videos, outsource your social media marketing. You’ll be glad you did.

Finding the Future With Staffing Analytics

Understanding how the past affects the future is the heart of data analytics. Staffing firms can learn a lot from looking into how staffing procedures affect workflow, efficiency and standard practices. These insights from staffing analytics may help agencies and companies hire more effective employees and develop new procedures.

The Power of Data

According to the experts at World Wide Specialty Programs, companies stand to see upwards of 80% increases in profits over a three-year period when analyzing staffing data to make larger corporate decisions. Looking at how specific staff interacts with the business and clientele helps managers and corporate officers make better decisions about who to hire and when to promote certain individuals. Staffing analytics looks at a variety of factors.

  • Where the most productive employees are located
  • Discover where the most talented recruits come from
  • How to incorporate new talent into existing staffing structures
  • Predicting the best time to hire or when the business should reduce recruit intake
  • Calculate the ROI for each employee as well as teams as a whole

being able to make accurate predictions is how every business stays ahead of the curve. Taking advantage of the power behind staffing analytics may help a company find the best candidates to bring their workforce, organization and shareholders towards a very profitable future.

Lowering Costs With Captive Market Options for Workers Compensation

Over the past decade, companies in many industries have begun working harder to implement safer work practices and more protected environments for their employees. These improvements have resulted in a decline in workplace injuries, which in turn reduced the number of worker’s compensation claims. Hopefully, this trend will continue as more workplaces become safer for employees, but it creates a problem for the business itself. With a reduced risk of workers compensation claims, many businesses find themselves spending far more than they need to for insurance in this area.

A Solution to Overpriced Workers Comp Insurance

To solve the problem of paying too much, captive market workers comp insurance might be the right choice. The best candidates for these insurance options are large risk groups. According to the insurance professionals at Monarch Partners Group, this type of policy not only benefits the company but also serves the workers better than a policy with excessive premiums.

Captive market insurance avoids traditional insurance market cycles and it provides more flexibility and control for the business owners. Tax savings are an additional benefit of captive market insurance. Some groups may offer a separate cell system that will allow you to continue operating with your own capital structure and avoid the economic impacts of other companies’ risk results. With reduced insurance premiums and quality protection, you and your workers can focus on producing your best work.

Understanding How Socially Engineered Attacks Affect Cybersecurity

Companies rely on cybersecurity insurance to protect their data and assets in the Digital Age. Criminals abound in the cyber world taking advantage of the internet and hacking into corporate documents. Criminals using techniques against cybersecurity are social engineering attacks covered under insurance policies.

Coverage Limitations

The experts at Mavon Insurance state that social engineering attacks may not be covered because they do not constitute a breach. These criminals rely on misinformation to obtain money or data from a company eliminating the insurance company’s liability in many cases. Each plan is slightly different making it essential companies thoroughly read their insurance policies. Some plans offer additional coverage options to help address these concerns.

Helpful Techniques

While insurance is one way to mitigate loss, there are additional checks and balances businesses can put into place to reduce socially engineered attacks. Only give employees access to the information they need to perform their positions to avoid unnecessary data loss. Another tip is to proactively train employees on the latest cybersecurity protections. You can then monitor employees using the latest network monitoring software.

Creative hackers using cybersecurity are social engineering attacks covered under insurance policies costing you money. There are things businesses can do to protect their data beyond cybersecurity insurance. Following these methods can help mitigate risk and reduce financial losses.

Change Up Your Insurance Marketing with These Tips

Insurance companies need effective marketing to reach their target audiences to grow their businesses. An insurance market directory is one way to increase the accessibility of the company. Here are some effective strategies to change up your company’s marketing this year.

Searchable Database

As seen on programbusiness.com, a searchable storefront directory allows consumers to find your insurance agency. They can search by alphabetical order, name or list. An insurance market directory is simply one way to reach more people.

Video Content

Video and audio content are on the rise. These marketing formats allow you to interact intentionally with potential customers. They can hear your voice and see your face which adds a personal touch to your website or social media presence. These can be simple 30-second clips answering a question once a week.

Automation Strategies

The growing success of automated marketing using things such as AI to help reduce the amount of marketing work insurance agents must do is on the rise. These technologies can help run in the background helping you focus on developing relationships with new and existing customers.

Inclusion in an insurance market directory, video content and automation strategies can boost your marketing goals this year with minimal effort. These new strategies can help grow your business by increasing lead generation.

Protecting the Contractor

Independent contractors fall into a unique category when it comes to liability compared to other types of employees. Self-supporting professionals are becoming increasingly popular, pushing the objective of safeguarding the contractor. As with any work, there are risks involved with choosing to pursue an independently hired job. The difference is, as an independent contractor, you are solely responsible for your work, safety and materials.

Reasons an Independent Contractor Needs Liability Insurance

Independent contractor liability coverage is an essential part of being successful in this line of work for many reasons:

  • Improved ability to find jobs
  • Professionalism
  • Money savings

As referenced on https://www.wwspi.com, staffing agencies that place independent professionals understand the importance of the necessary steps that should be taken to protect both parties. Contractors who clearly identify themselves as independent and have obtained insurance are typically placed much more quickly by an agency.

Ways Insurance Protects the Contractor

Accidents and mistakes on the job site should be avoided to the greatest extent possible. However, there are times that safety measures fail to prevent injury, damages or human error. In instances like these, independent contractor liability protects the professional from paying out-of-pocket loss or medical fees. You can save yourself time and money by protecting your business with the necessary insurance to provide top-of-the-line service.