Insurance for Marinas and Yacht Clubs

Marine businesses are unique, both as a group and in their individual niches. That means you can’t find a one size fits all policy that works for them, even if it’s one that’s specifically designed for companies that operate on the waterfront. If you need marina insurance, you need coverage for a variety of services and risks that other businesses might not need to worry about. For example, since your main income is probably from the rental fees for slips, you need your insurance to focus on the risks that come from storing other people’s assets, as well as those that can happen when boat owners are on-site to use their vessels.

Additional Coverage Marinas Need

The people at www.merrimacins.com/ do a great job of explaining why marina businesses need specific insurance, as well as how your business might have different needs from other marinas if you have extra features like venue rentals, boat rentals, or dining and entertainment facilities. Check out all your options, and then talk to someone who understands the industry and has the experience to customize your coverage. Working with the right provider means more than just a more specific policy, it also means you can streamline your risk management maintenance by consolidating your coverage. That allows you to go through fewer notifications and meetings during insurance review periods, and that’s a huge advantage.

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.

How Oil Companies Can Protect Their Assets

In the oil and gas industry, spills are a major concern. The experts at New Mexico’s insurance agency explain that U.S oil and gas companies produce billions of gallons of wastewater every year. The oil and gas industries have to do better than this. For individual companies, it is important to have policies in place that reduce the risk of spills in the future. Spill reporting policies, for instance, are one way that companies can mitigate the risk. Likewise, oil companies require insurance policies that address the company’s special needs.

Risk Management

Oil spills and waste are risks that oil companies take. Sometimes, business owners and managers aren’t sure of how to lessen that risk. Fortunately, some insurance companies are willing to help businesses create a risk management plan.

Insurance Policies

The insurance policies are designed to protect the business and its assets. All businesses require general liability coverage, risk management, and loss control. For the oil and gas industry, you may need much more and different policies than other industries. An oil spill is expensive and it can damage your reputation.

When you work in the oil industry, water pollution from oil can be prevented by the right risk management policies. If you don’t have the right policies or coverages, it could spell out trouble.