A Closer Look at Commercial Builders Construction Risk Coverage

June 30, 2012 by · Comments Off 

Builders Risk Insurance is a type of property insurance that protects the property owners as well as the builders for the projects that are under repair or construction. This type of insurance is very similar to Personal Property and Building coverage. The slight difference is that this coverage is only utilized to cover the buildings while under construction. The good thing about a builders risk course of construction insurance coverage is it covers what you would call an “all risk.” Meaning it protects anything from vandalism to theft, damages and even destruction of property in which the insured has an insurable interest. However, if requested, the contractor association can be named as an additional insured. Now the property can include either the entire building or any structure that is under construction, including the building material which is at the job site but only the ones to be used in the project. The contractor’s tools and equipment are NOT covered and should be insured by that contractor, specifically. Unfortunately, the Builders risk policy does not cover any losses that have occurred prior to the beginning or after the completion of the construction. In order for the coverage to exist, the project must be in progress.

For the limit of insurance, it may equal the full value of the constructed project. At the finishing of the project, an appraisal will be done to update any value changes. There is optional policy coverage you can get at your request such as financial cost, additional interest expenses, leasing & marketing expenses and of course legal & accounting expenses. Flood and quake coverage is also available upon request. Please feel free to contact your builders underwriting agent for details on obtaining builders risk coverage through the Risk Pooling Trust program if your organization is in any construction-related activities.

Are You Aware of the Functions of IT Insurance Policy?

June 22, 2012 by · Comments Off 

The world of information technology is growing very rapidly. There is no place for hard/software stuff. Because of this, all the high profile firms are supposed to update their systems regularly. If there is a faulty act in doing so, there is a chance of leading to a huge trouble and great damage to the firm. More or less, all the IT experts are well known of this reality. Most of the firms have a risk evaluation unit. The risk evaluation experts are supposed to look into every aspect very critically in all kinds of businesses.

If you want to avoid any situation that could hinder your business progress, like a claim, getting insurance coverage is the best option. A good insurance policy maintains you calm and relaxed attitude and makes you able to perceive the situation correctly and take the right decisions in case of any trouble. Let us take an example, during the transaction of a database an unfortunate incidence happens to make the system unresponsive. The expert is stuck in the process and needs to start it again or tries to proceed. In fear of failure and its consequences, the expert who is not insured is vulnerable to take a wrong step, exposing his job as well as the firm to a loss.

A good IT expert’ insurance policy enables the expert to meet the requirements of the customers and be aware of the risk factors leading to a smooth and improved job quality. Impairment of the creative work is the outcome of anxiety. Having insurance policy is important. To know more, visit: www.technologyinsuranceforitprofessionals.com

Understanding the Basics of Tech Consultant Insurance!

June 21, 2012 by · Comments Off 

The importance of technology cannot be overemphasized in our world; there is nothing that has brought more changes to the entire population of the world than the power of technology. The need for professionals in the technology industry is therefore getting extended every day, and so is the complexity of their jobs.

Partly, due to the recent mass production of IT products, services of tech consultants are now being increasingly employed by diverse industries. However, with this comes the litigation claims and crises that often accompany unsatisfied clients and customers who may make claims against tech consultants. It is because of over-exposure of the tech-consultants to litigations and financial loss that professionals are now purchasing tech consultant insurance to cover their potential risk.

“Tech consultant insurance” is designed to offer two distinct protections for tech consultants that do not want to expose themselves to unnecessary risks and liabilities. One major cover that this plan offers is protection against any financial loss that a third party might have suffered as a result of failure of a product to perform to certain expectations; alternatively, even perform at all.

Aside from this the tech consultant insurance will also protect against third parties that have incurred financial loss because of the dereliction of duty of a tech consultant, or omission or errors committed by a tech consultant while carrying out his services for another party. Tech consultant insurance will therefore pay for the potentially huge cost of litigation and even compensation that may arise during business operation or professional service.

Why Is a Fitness Insurance Policy Really Necessary for Individual Personal Trainers?

June 21, 2012 by · Comments Off 

If you are thinking about getting a job as a personal fitness trainer, or you want to go a step further by setting up a fitness and training center, then you have to make sure that you get a comprehensive personal trainer insurance policy. You might want to ask why you should commit extra expenses to getting an insurance policy when your work is not that risky, or you simply think that your water-tight safety procedures will eliminate any risk and liabilities inherent in your business. The truth is, no matter how advanced your safety procedures are, or how skilled or proficient you are at your job, there could always be an accident or incident while carrying out your business.

Personal fitness trainer insurance is a unique type of liability insurance policy that is designed for personal trainers; it provides extended protection that you will not likely get from any other type of insurance package. It has been specially designed to address the unique circumstances of personal trainers and fitness and lifestyle businesses.

One of the main things that personal trainer insurance does is that it gives you extra protection from the risks and liabilities that may arise while conducting your business. Now this may sound like a cliche. However, when you think of things that can happen to your numerous clients, whether on your facility, or the facility you rented, their private houses or any other place where you may be giving training instructions and sessions; you will appreciate the fact that this type of sports accident insurance will pay for any imaginable cost, as long as you tailor it to the unique requirements of your business.

Whats the Best Builders Risk Insurance Policy for Commercial Builders?

June 20, 2012 by · Comments Off 

There are several insurance policies for builders but for a builder who doesn’t do so many projects in a year, save for a few high net-worth building projects, the single-shot builders risk insurance policy is the best for you.

To get the single-shot builder’s risk insurance policy, you only need to do two things, which are payment of the minimum premiums which usually hovers around $350 and then provides the insurer with the details of the construction and the construction site. The details include things like the address of the construction site, the whole specification of the construction itself, etc.

This form of builders risk insurance policy is one that requires a lot of communication between the builder and the insurance as details about the property and risks have to be updated regularly. This is why it is best for persons with little building jobs to do in a year. The administrative difficulties associated with this is one that will make it a bad choice of insurance policy for people that have to do 10-20 projects in a year.

When choosing to buy your insurance policy make sure that the insurance agency will be capable of handling any problems that could arise in the process of the construction work going on. You don’t want a scenario where you need the insurance company to step into a case, and they fail you.

Choosing a good construction insurance agency is as easy as asking your insurance adviser or looking around online to compare quotes, prices and performance.

Personal Fitness Trainers Should Apply for Sports Liability Insurance

June 3, 2012 by · Comments Off 

Applying for liability insurance coverage might be something that is new to you as a personal trainer or instructor. This is something that you shouldn’t feel surprised about because it has become a prerequisite, especially when it comes to the sports industry. There are a couple of things that you should keep in mind in to be sure about the personal fitness trainer insurance policy that you apply for.

In getting any kind of insurance policies the first step that you should always take would be to find out if there are any prerequisites in getting one. This is essential because there are cases when insurance companies have terminated claims from their clients because of technical errors. If you want to be sure that everything pans out smoothly, then you must research and ask questions on the insurance policy that you are about to get.

Insurance policies are also known to be detailed and list numerous items in their fine print, which makes it hard for their clients to really go through When you get an insurance policy, you should check if your specific field is really covered by the insurance policy. If you don’t want to go through the insurance policy yourself, then it would be good to ask account executives and experts on the matter. Other colleagues would also be a good idea to find out what kind of policy would work best for someone like you. All kinds of work are subject to risks, and it is through sports accident insurance policies that you will be able to protect you at all times.

Ever Thought of Getting an Insurance Policy for Your Sports Camp?

June 1, 2012 by · Comments Off 

The changes that new developments have brought to the world mean people are forgetting the traditional holiday and now sometimes apt for adventure tours, coach travel and even sports camp stays. Indeed, sports camps have grown in popularity over recent decades as a means to home children for the summer, or encourage the development of social and practical skills. For many in America, the sports camp has become a way of life.

The sports camp is one of those relaxation-cum-physical development centers where both children and adults visit. There are various sporting activities and games that can be learned, which will help improve both their physical and mental makeup. On top of this there are amazing opportunities for social development.

As sports camps have increased in popularity, and acceptability so has the numbers of visitors increased, this means that the probability of accidents and unexpected bodily harm has also increased, and the presence of children in sports camp means that accidents can be quite traumatic at times. Such trauma can result in parents or guardians looking for compensation from the camp owners or organizers.

The sports camp insurance policy is therefore designed to cover against all the risks that the sport camp proprietor or owners may face; the insurance will cover any claim that may arise from parents who have their children injured while on the camps.

Similarly, sports camp insurance covers any risk that may arise from any claims brought by owners of properties that sport camps operate in, since damage may be caused to such properties at any time, having a sport camp insurance will protect you from unwanted and avoidable financial loss as a result of litigation.