When you insure something, you trust that its coverage comes from the right hands that have your best interests at heart. However, how can you choose between agencies, brokers and firms? First of all, it is important to understand the difference between insurance agents and insurance brokers. Agents work directly for companies and usually have a company’s interests in mind. Brokers work independently and have relationships with a number of insurance agencies. This allows them to create insurance protection that is unique. Here a few qualities Miami insurance brokers have that make them the wise choice for you. 1. Expertise...
Many directors and officers feel protected from a lawsuit with the business’ directors and officers insurance policy. Unfortunately, this may not be entirely true thanks to presumptive indemnification. These limitations can result in the director or officer facing a claim not covered by the insurance. D&O Insurance D&O insurance policies cover the legal expenses when the company or individual is sued while they are serving on the board of the company or organization. These legal costs can include lawyer fees and trial defense costs. Many businesses have retention they must pay in the event a claim is filed against their...
Many businesses require the usage of cars and other vehicles for transportation. Whether goods need to be put in transit or employees need to go from one place to another, the need for driving comes along with the risk of accidents. Being involved in an accident can include a variety of costs. Vehicle damage for the employee and anyone else involved Property damage to the surrounding area Replacement or repair costs for items in transit or belonging to others Medical costs for bodily injury Payments to cover for possible death Legal fees if involved in a claim These costs can...
