Shopping For Product Liability Insurance? What you don’t want to miss!

December 28, 2011 by · Comments Off 

Product liability is one of the most common nightmares of the distributors (sellers, lease-granters or manufacturers)! These days, there is hardly any company that has been able to escape the wrath of product liability charges. These lawsuits that involve product liability charges may drag not only the finances of your company downhill, but they also jeopardize the reputation of your company! So, it is always better to avoid such lawsuits and take extra caution to combat or tackle them well.

When you want to tackle an issue, you must first have complete or ample information about it. Without having the right amount of information and insight into the problem issue, you may end up making flawed decisions. So, let’s analyze the types of liabilities in more detail now. Most of you must have been aware of the two basic categories or types of liabilities: ‘fault’ and ‘strict’. Here, in this article, we are going to discuss both types in more detail.

The fault-liability type is more about when a customer or buyer suffers injury because of the damage inflicted by the flawed product. Moreover, here the customer brings up the objection that the product has been flawed, and company omitted or misrepresented the information before selling it. Here, the distributor can be held responsible for fraud or intentional misrepresentation.

Moreover, if the product has been assembled wrongly or tested inappropriately or failed due to lack of care, the distributor can be charged with negligence. The second type of product liability is more complex and involves situations that do not include any faults. In this liability type, the charge arises due to inappropriate instructions. Product liability insurance can help you avoid all the undesirable conditions due to liability issues.

Eactly What Should You Look for in a Fitness Trainers Insurance Policy?

December 13, 2011 by · Comments Off 

So you’re looking for an insurance policy for your gym but the technicalities confuse you, and you end up beating around the bush Here are a few tips that would help to filter your choices. The policy’s coverage is a top-most priority when purchasing any insurance policy, but in the case of personal trainer insurance for your workplace, there is no simple mathematical formula that helps you choose for all types of personal training. Professional liability insurance for personal trainers varies in coverage and offers different benefit ranges to choose from. Certain policies specifically designed for Yoga instructors, group exercise instructors, dance groups and martial arts mentors include coverage for product liability, sexual harassment and abuse, property damage, personal liability for humiliation, or fake advertising claims.

You need to be very considerate in choosing your options and should not haste to sign a contract. Ensure your insurance policy makes up for possibly all circumstances that could arise in a span of time. Providing protection against law suits is also one of the main clauses an sports insurance policy cover. The protection varies from safeguard against petitions for injuries at your gym to professional recommendation for a substitute healing therapy to claims against indemnity for loss of income due to an injured client and/or ill-fame that comes along such incidents. You just need to be wise when choosing yours.

Can Tech Insurance Cover The Liabilities From Data Loss?

December 13, 2011 by · Comments Off 

Information is the backbone of every business that is why IT support is an integral need of the customer in today’s time. Each business has a computer intensive department and software tools that help in its smooth functionality. It is understood that customers cannot afford to lose information of its business due to power failure, network crash, and multiple system failure. Such conditions would result in economic loss to the client and could follow with awful legal proceedings.

This is where IT tech insurance comes into play. It makes up for the loss due to errors or omissions, negligent acts committed during business. IT insurance works by ensuring that the organization has a detailed business continuity management plan, emergency process to keep the system up and running. The information technology insurer spends time laying out which applications and data services are critical to day-to-day operations. The IT insurance works by implying the best strategy in the event of disaster. The different types of schemes available to choose from include.

  • Property insurance

It covers for economic loss due to website failure. It also includes protection from claims against data corruption due to computer viruses, failure of databases and hacker attacks.

  • Personal and advertising injury liability insurance

It extends your liability coverage to include your webpage. Issues related to piracy, false advertisements are dealt under it.

  • Professional insurance

It covers losses in an event when your product allows unauthorized access to clients’ system, including computer viruses and piracy.

Just Why Is Personal Trainer Insurance Such a Wise Investment?

December 8, 2011 by · Comments Off 

Nowadays, people are so concerned about their looks and their bodies. They are willing to endure extreme exertion and pain to get the body that they want. Being a professional trainer is big business because most customers pay well, particularly athletes, actors and rich people. But this job is not without its inherent risks. That’s why trainers need to get coverage to protect themselves from injuries and accidents by purchasing a good personal trainer liability insurance policy.

There are many cases of athletes injuring themselves while training. These injuries range from minor inconveniences such as calf muscle strains to potentially debilitating like broken feet or patella (kneecap) micro-fractures. In some cases, injuries have resulted to death like when a power-lifter accidentally dropped a 200-kilogram barbell on his esophagus while he’s bench-pressing. Trainers should try to avoid these situations, but sometimes accidents happen. When it does, it really pays to be prepared so you wouldn’t have to lose time and money for litigation costs, medical fees and other liabilities.

There are also other possibilities that personal trainers and fitness instructors must be ready for. When you operate a fitness club but you only rent your space, it is not uncommon for your customers to accidentally damage the rented property. Equipment is sometimes dropped on the floor and if the floor is structurally unsound or if it’s made of low-quality materials, it can develop cracks that can lead to severe damage and its eventual collapse. Trainers need to recognize that this is a definite possibility and prepare accordingly.

There are many risks that you have to face if you decide to be a personal trainer. But all risks can be mitigated and personal trainer insurance happens to be the best solution out there for your sports coverage needs and you will be glad you have your insurance policy the next time there is an unexpected accident or injury.

The Significance of Having Special Event Insurance Protection

December 4, 2011 by · Comments Off 

Arranging a special event can be quite hectic. Organizing the venue, deciding the dates, inviting the delegates and the effort one has to put in order to make things work in harmony can be very tiring and frustrating. Putting in all your efforts does not guarantee that it would work out well because things can get a bit rough. At times, the whole event may turn out to become a failure. How do we take care of such problems? How would you get compensation in case of a bad occurrence? What can be done to avoid all the trouble? The best answer is to get a special event policy. A special event insurance takes care of all your responsibilities in case of accidents. It has several benefits; it secures you and your assets, damages to the property and bodily injuries can also be covered. Invest on an insurance that covers your special events today to avoid huge losses in the future.