Construction Equipment Rental Insurance
December 9th, 2009
Planning on doing some major construction work this summer? Contractors and homeowners that opt to rent their construction equipment avoid many of the hassles involved with buying equipment, like transportation and storage costs. What you have to keep in mind is that renting equipment is just like renting anything else—you’re going to be exposed to liability risk and need to protect yourself with the right insurance. This small additional fee for construction equipment liability insurance will save you some big headaches in the long run.
Once the piece of rental equipment is in your hands, it’s your responsibility to keep it properly insured. This
Tags: Construction Equipment, Equipment
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Zurich Adds a Virtual Library
December 7th, 2009
Zurich in North America has created an electronic library of risk management and product information. Zurich calls it: the Zurich Virtual Literature Rack (VLR).
The VLR contains information relevant to risk managers, customers, and those looking to purchase business insurance. The VLR requires registration and the information requested is a bit invasive, but that is probably my only complaint. I have always liked RiskInsight, a publication produced by Zurich that covers different types of risks in each issue. That publication is available in the VLR for direct viewing or downloading.
Other publications and white papers are also available at the VLR.
Tags: Library
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GAO finds new Form 5500 lacking
December 6th, 2009
“Without data on mutual funds, the largest component of most 401(k) retirement plans, (the Labor Department) is unable to fully assess the impact of service provider fees on investment returns,” the GAO report says.
The report, requested by House Education and Labor Committee Chairman George Miller, D-Calif., recommends, among other things, that the DOL require all indirect compensation to plan service providers be disclosed on the forms, along with the asset-based fees that are netted from investment fund performance.
Doug Halonen is a reporter for Pensions&Investments, a sister publication of Business Insurance.
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What cities are tops for starting a small business?
December 6th, 2009
Chances are the Canadian cities where a new business is most likely to succeed might not be where you think. In fact, you might not have even heard of some of them until now.
The cities (those with a population of 25,000 or more) that scored best and were determined to be the friendliest cities to start a new business are: Lloydminster Alberta/Saskatchewan (the provincial border runs through town) Parksville, British Columbia Grand Prairie, Alberta Fort St. John, British Columbia Saskatoon, Saskatchewan Kelowna, British Columbia Sept-Îles, Quebec Fort McMurray, Alberta Moose Jaw, Saskatchewan Regina, Saskatchewan Torontos 905 Region, Ontario The list, the product of the Canadian Federation of Independent Businesss examination of 12 entrepreneurial factors in three key areas, shows that big cities are not a big deal. With Read full post…
Tags: Business
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Strip Mall Insurance
December 6th, 2009
Find quotes on strip mall insurance at Commercial Insurance .NET. Shopping Center owners need to consider strip mall insurance to protect them from property, auto, workers comp and liability claims. Owners must make sure that their tenant’s are protected from water damage and parking lot mishaps just to name a few. Carrying the proper strip mall insurance will help ensure that tenant’s stay for the long term if something happens to their business. Make sure your agent gives you a comprehensive strip mall insurance quote. If you would like to double check coverage or shop rates we can help you with that at Commercial Insurance .NET. Our insurance companies specialize in packages for building owners.
Tags: Insurance, Mall Insurance, Strip Mall, Strip Mall Insurance
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The Importance of Business Interruption Insurance
December 3rd, 2009
One of the most vital types of business insurance that you can carry is business interruption insurance, commonly referred to as BII. Business interruption insurance is meant to cover loss of income if damage to your property makes it impossible to carry out your normal business operations. It is not commonly sold separately, but may be a clause that you can add to your business property insurance.
Why Consider Business Interruption Insurance?
Business owners often get insurance quotes for liability, casualty, and property insurance, yet they neglect to look into insurance coverage for business interruption.
Tags: Business Interruption, Business Interruption Insurance, Insurance, Interruption Insurance
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