';

Don’t Forget to Protect Your Non Profit

non-profit insurance NY

Sometimes, non-profit organizations believe that they need less insurance than a typical business. Sadly, this isn’t the case. Not-for-profit organizations are still vulnerable to risk. When it comes to non-profit insurance NY non-profits should consider, there are quite a few.

Cyber Liability Insurance

Nowadays, cyber liability is becoming more popular among businesses. A non profit can suffer from cyber theft too. In fact, non profits are often at a greater risk than they recognize. Employee data, donor data and other confidential information is at risk for theft.

General Liability Insurance

General liability tends to include three different kinds of coverage. These include:

  • Professional liability
  • General liability
  • Abuse and molestation liability

General liability addresses property damage and bodily injury. It also includes a defense for advertising or personal injury claims.

Directors and Officers Insurance

D&O coverage is the most common non-profit insurance coverage. This is because it is essentially a management liability coverage. It protects leaders of the organization against claims of wrongful acts. Most companies will have different D&O policies. It’s important to know your exclusions.

When it comes to non profit insurance NY not-for-profit organizations should invest in, you need to consider what risks could tie up your investments or employees. A lot of human services non profit organizations deal with confidential data that you wouldn’t want to get into the wrong hands. It’s important to invest in insurance that protects.


Finding the Right Coverage for Your Management

management liability insurance specialist

When running a business, you often put your business in the care of executives such as directors, officers and other managers that will need to handle quite a bit in terms of company action and decision making. These people will have control over parts of your business that can directly affect others, including employees, stockholders, customers and other third parties. If something happens, whether through direct actions or simply poor luck, which could be blamed on one of these executive’s decisions, they can be held personally responsible. This leads to lawsuits, which result in legal fees that either have to come from the director or officer, or from the company itself (and if not immediately from the company, the costs are typically indemnified). However, searching for a management liability insurance specialist can help you get the coverage you need in order to avoid these financial losses.

What to Look For in Management Liability Policies

Typically, management insurance coverage is Directors and Officers (D&O) liability, perhaps as a part of professional liability. When comparing policies and locating a management liability insurance specialist, keep in mind a few different qualities you’ll likely want:

  • Program flexibility for the policy to adjust to your industry and needs
  • Coverage for individuals, the company itself and indemnifying
  • All legal fees are included, such as attorney fees, fines, settlement, penalties, damages and punitive damages
  • There is still coverage for innocent defendants in cases of crime

4 Reasons To Use an Insurance Agency for Your Business

Agencies like North Star

Running a business comes with many risks, but those can vary depending on the size of the company and industry the business operates in. Agencies like North Star use independent agents to offer you exceptional customer service and knowledge that can benefit your business.

Licensed Experts

Insurance can be complicated. Having a licensed expert in your corner can help you easily determine if a policy works for you and find what you didn’t know you needed. They are there to answer your questions, so you fully understand the policies you are purchasing.

One-Stop Shopping

Businesses often need more than one type of policy. Independent agents with an agency can analyze your business risks to determine the types of policies you need and then offer you options to choose from.

More Choices

Agencies like North Star offer independent agents that offer more variety in coverage options. They can offer multiple quotes from different companies and search for the best deal available.

Your Advocate

If you have a claim or something goes wrong, the agent works with your business. They advocate for you with the insurance agency.

Save money and time by using agencies like North Star when shopping for business insurance. The benefits of using independent agents save you time researching and help your business every step of the way for the life of the policy.


Tips for Relocating to Hartford, Connecticut

hartford connecticut insurance

Relocating to Hartford can be a very exciting move. Whether you are moving for leisure, to be closer to family or for work reasons, there are many things that you can do beforehand to ensure that your transition to the capital of the “Nutmeg State” is a smooth one. Before diving head first to enjoy the historical sites offered by Hartford, Connecticut, insurance and other paperwork should be taken care of first to avoid any unnecessary misunderstandings or costly fines.

Take Care of Business First

Before you even get to Hartford, it can be helpful to do as much as possible before even arriving. For example. Some items that you may need to add to your checklist include:

  • Research employment opportunities and the housing market
  • Find and Establishing a place of residence
  • Notify the post office
  • Getting quotes from moving companies
  • Schedule a day to turn off utilities
  • Stopping at the Connecticut DMV to convert your out-of-state driver’s license and vehicle registration
  • Enrolling any children in school
  • Research Hartford, Connecticut Insurance companies for your coverage needs

Before you know it, your affairs will fall into place and you will have a new routine established in this new city. With a little preparation, you can settle in as quickly as possible into your new home and enjoy the sites of this historic area.


Key Concerns with Hackers

cyber insurance

Cyber crime has become a significant threat to every industry. Fortunately, the brunt of the financial fallout doesn’t have to be faced alone. Many top-rated carriers and brokers are now offering cyber insurance, which can help recoup some of your losses when faced with a claim issued against your cybersecurity. Understanding the types of threats is one way to improve your security measures against them.

Types of Attacks

There are several ways that criminals attack computers or networks.

  • Malware
  • Phishing
  • Denial of service
  • Man in the middle
  • Cryptojacking
  • SQL injection
  • Zero-day exploits

The severity of each attack will depend on the ultimate goal of the perpetrator. Sometimes the intent is simply to disable a hosting computer or network, while the other is a plan to steal data from the company or individuals associated with it.

Prevention is Key

In addition to carrying cyber insurance, major corporations have entire departments and large budgets dedicated to fighting cyber threats. Small businesses can take measures as well. Be sure to set up secure networks for all transaction, and rely on encrypted data with financial and sensitive information. Maintain a strong firewall and continually assess your network and set-up for threats. If you aren’t familiar with these terms, hire a professional to give you and your customer peace of mind with digital transactions.


Adaptable Dog Coverage for the Modern Family

dog bites insurance

Dogs are found in millions of homes across the country. Ask any dog owner and they will tell you that dogs are just like another member of the family. However, a dog’s instincts are hard to control even with the most domesticated breeds. Every year, thousands of dog bites are reported many of which end up in emergency rooms. If your dog is one of these statistics, then you may find yourself slapped with a lawsuit. This is why dog bites insurance is now a crucial part of the dog-owning process.

What Does This Insurance Cover?

Say you are out for a walk, and your pet bites a passerby. That person may end up in the hospital and may sue you for damages. Dog bite coverage handles the medical payments and settlements that stem from that litigation.

Many agencies assess your dog’s breed to see if they are susceptible to biting. This is why coverage options can vary into the hundreds of thousands.

As many more instances of dog attacks make it into the nightly news, dog bites insurance has grown in popularity. Today, there a number of agencies that specialize in this kind of policy. Contact one of these companies to get the right financial protection for you and your pets.


Business Coverage With Confidence

Axis Policy

One of the crucial parts of running a business is insurance coverage. The right protection can help save your business during a time of great need while bad insurance can hit your personal wallet hard. In addition, the kinds of policies you employ are also of great importance. It is not enough to have general liability or commercial property protection. In today’s age, having professional and management liability coverage is crucial. Axis Policy specializes in this type of insurance. With Axis, you can construct a shield of protection for years to come.

Dedicated Service

Since 1999, we have worked with businesses to construct the level of protection their industry requires.

Our focus is in on getting businesses unique professional protections and flexible policies that work for the specific needs of a company. Superior service provided by our team makes the insurance process efficient and effective.

Focused Policies

We specialize in protection management and professionals within a company. If you face a lawsuit from a client that claims negligence, conflict of interest, loss of revenue or failure of services, then our E&O coverage can help. If the action’s of management undergo litigation, then our D&O can also assist.

Axis Policy is ready to help a variety of markets build their layer of coverage. Contact us and increase your company’s protection today.


Getting Your Wallet Ready For Boat Coverage

boat insurance cost

So you just bought your first boat? You are ready with life vests and have taken boating classes to prepare you for your future summers on the open water. However, there may be one important part of boating preparation that you may have forgotten. That vital component is boat insurance. If you are completely new to the boating experience you may by wondering about the average boat insurance cost. You should know that every case is unique, and there are several factors that go into determining your premium.

Factors That Help Determine Costs

For starters, many insurance agencies can charge around 1% of your boat’s price. Therefore, if your boat was more expensive you can naturally expect a higher rate. Still, there are few different other factors such as past driving history. If you have had run-ins with the law about driving while inebriated or boat crashes, your premiums may go up.

Another factor to keep in mind is your location. If your boat is stored in an area that is prone to hurricanes or storms you may find yourself with above average rates. Also, what you plan on using your boat for matters as well. If you use your boat for small fishing trips you may pay less than those that travel long distances.

It is imperative to figure out your future boat insurance cost in order to budget your monthly expenses. With this information you are now better prepared to hit the water.


Why Small Law Firms Should Invest in Professional Liability

small law firm lawyer professional liability

As a legal professional, you know the importance of lawsuit and claim protection. The more clients you have, the more at risk you are if you don’t meet client expectations. This can result in malpractice lawsuits. The financial loss due to malpractice claims can break a business. You need to invest in small law firm lawyer professional liability to avoid devastating legal fees.

Errors and Negligence

Mistakes happen. Unfortunately, mistakes can be costly. You are liable for your errors and omissions. When you have the right types of coverage, you don’t have to worry about losing money against these claims. In addition, sometimes angry clients will accuse you of negligence. Even if you didn’t do anything wrong, you can’t fight the claim without money. Lawyers’ insurance will pay for your legal fees.

Technological Problems

Technology makes the job a lot easier. Unfortunately, it may also come with more risks. If you don’t have adequate protection, you may be at risk for cyber theft. This can expose your practice to financial issues covered by insurance.

When it comes to protecting your legal business, you need to consider small firm lawyers professional liability. Most small law firms do not have the cash on hand to be able to pay off lawsuits or to pay legal fees associated with a claim against them. Insurance helps.


Adding Cyber Insurance to Your Finance Coverage Policy

bankers insurance

The financial sector is a fast-paced industry with trades, exchanges, deposits, investments and federal regulations always keeping a company busy. While the digital age has improved connectivity and created a more streamlined ability to do banking business, it has opened the door new risks and exposures previously unconsidered. Having bankers insurance is one to protect both your company’s and client’s assets in the face of these new threats.

Cyber Insurance Coverage

As a bank or financial institution, your general insurance policy will leave gaps when it comes to dealing with cyber threats. At the very least, it will have little effect in areas that involve:

  • Web-based attacks
  • Stolen devices
  • Phishing
  • Social engineering attacks

Adding cyber coverage to your banking insurance policy can do two important things for your company.

It will give your company a cyber-security check-up. Most companies will require an assessment of the security systems in place to combat cyber threats. An overview of your protections will expose holes and identify areas of improvement.

It will provide financial assistance if an attack occurs. An insurance policy may assist with the costs of paying for regulatory fines, court costs or legal defense, customer credit freezes and even ransom payments.

Your bankers insurance policy should include limits that address the specific exposures your operations face. Look into bundling your current policy with cyber protection for total coverage.