Child Care Insurance - An Overview

 Child Care Insurance

  When you start a daycare, insurance is one of the main things you need to purchase to protect your investment. There are a few different insurance coverages your daycare will need in order protect yourself, your employees, and the children you take care of. So, what are your daycare insurance needs? What coverages should you purchase to protect your assets?

• Commercial General Liability
  The first coverage your daycare needs is Commercial General Liability - this coverage is there to cover bodily injury and property damage for your actions.  
  
• Professional Liability
  Typically this can be added on your Daycare Liability policy. This covers you for decisions you make that can lead to bodily injury or property damage.  
• Abuse & Molestation
  Typically this can be added on your Daycare Liability policy as well. This covers your for allegations and actions which can be considered abuse or molestation.
  
• Property Insurance
   Property Insurance covers your Daycare's property, including the building or contents, for theft and fire and other causes of loss.
  
• Workers Compensation
  This is insurance coverage to cover your employees for bodily injury. This is required in most states when you have employees.  
• Business Auto
  If you have a business vehicle and use it to run errands or transport children you need to be on a commercial auto policy.

Contact John Dziak at 800-765-8272 for a comprehensive quote for your daycare insurance needs. Or click here to submit your information for a quote and I will get back to you ASAP.

Marine Insurance - Boat Repair Insurance

   As I am located in New Mexico, people ask me what I know about Marine Insurance / Boat Repair Insurance or Shipwright Insurance. As a licensed agent in many states there are many Shipwrights in each state who work on and maintain various kinds of boats. This is a specialized field as while it is repair work on a vehicle, its different from your standard garage.

 The main coverages for a Marine Insurance policy are "Marine General Liability" and "Ship Repairer's Legal Liability", these work the same as a normal General Liability policy but are tailor made for the Boat Repair Insurance policy. These policies also can include "non-owned watercraft liability" which can cover the test driving of these boats.

 Ship Repairer’s Legal Liability is coverage for damage to vessels and the property of others, as a result of making repairs or alterations to vessels that are in the your care.

 Marine General Liability is coverage for contractual liability, as well as products and completed operations liability.

A good Marine Insurance policy will offer a worldwide coverage territory for liability coverages.

Automatic additional coverages on a typical Marine Insurance policy can include; Land transportation and Other non-marine work.


 As a specialist in writing the Shipwright Package Policies we can offer great pricing and excellent coverage. Click here to go to our website for a quote or call John Dziak at 800-765-8272 for a phone quote.

Liability - How much do I need?

 A client recently asked me a question many clients do. How much liability insurance do I need? The answer to that question isn't as easy as it sounds. I look at this as how big is your exposure and how big of a risk do you have of a claim. Lets look at a few different kinds of policies.

Personal Auto Policy 
The state minimum premiums vary by state. The coverage is very basic. In New Mexico a minimum limits policy covers $25,000 in Bodily Injury per Person, $50,000 in Bodily Injury per Accident and $10,000 in property damage. In the world of modern medicine the Bodily Injury limits really doesn't cover much.

 So, lets say you have a teenager on your policy and they hit a minivan. Thankfully no kids were in the car but there were four adults with back problems. The $25,000/$50,000 would be stretched to cover them and if that van was totaled the $10,000 couldn't cover a new minivan at today's pricing.

 So, on your Personal Auto Policy, I would definitely recommend higher limits than the minimum. What is good for you? This can vary by the risk of loss and your personal situation should be regarded in this. If you have a thriving business and you do well we have people with very high limits and umbrellas for $1,000,000 of coverage. The umbrellas go over home and auto policies. Typically most people that feel they want to protect themselves have a $100,000, $250,000, or $500,000 of auto liability. Most auto liability carriers have a maximum limit, and this varies by carrier. Remember, you do pay more for more coverage, but you need to consider all options as well as your exposure should something happen.

Commercial Auto Policy
The factors in a Commercial Auto Policy are just as prevalent as a Personal Auto Policy, while a personal auto policy can typically exclude commercial use the coverages are the same. Typically the auto carriers will offer up to a maximum of $1,000,000 of auto liability and you can still buy umbrella's. The Commercial Umbrellas can be purchased to very high limits.

Commercial Liability Policy
 A Commercial Liability Policy should be given the same consideration as a auto policy when your looking at exposure versus risk. All businesses should start out with $1,000,000 of liability per accident and an aggregate (limit per year of coverage) of $2,000,000. From here you should look at your exposure. Do you have multiple locations? Do you have the clientele to warrant higher coverage? Here you can buy and umbrella or excess policy and have it go over your Commercial Liability, Commercial Auto and even your Workers Compensation accounts. 

Contact me at 800-765-8272 and ask for John Dziak today for a complete insurance evaluation or submit your information online at our website for a quote.

Bar Insurance In's & Outs - Get the coverage you need

 Today I want to speak about Bar Insurance programs. From the small neighborhood tavern to the Nightclub or Gentleman's Club the insurance coverages for bars can vary. A good agent will explain the coverages and give you a bar insurance package that will cover you for a variety of losses. Today we will look at some of these.

 Now, a bar package will vary greatly from a Restaurant Insurance package. A business owner needs to make sure the agent classifies him correctly and this is generally based on liquor sales in relation to food sales. The exception would be fine wines and that can create an exemption.

 The first thing every bar owner needs is General Liability. This coverage protects you from claims for both bodily injury and property damage. The coverages in these policies are pretty standard, but there are two very important coverages; Assault & Battery coverage and Liquor Liability coverage. Every Bar Insurance package needs to include Liquor Liability and most do need some Assault & Battery coverage. Lets look at the coverages you can purchase and what they do.

General Liability

Bodily Injury - If you are ever held responsible for a customers sickness, injury or disease, your general liability insurance policy would pay for; Medical care costs, Loss of services, Court-awarded compensation for deaths that result from the injury

Property Damage - If you are ever held responsible for damaging another person’s property or affects the use of their property. In such cases, your liability insurance coverage compensates for; Physical damage to the property or Loss of use of the property. It is important to note that property damage liability coverage often does not cover damage caused to client property you are working on or have in your possession. Liability doesnt act as a warranty on your work.

Products-completed Operations - If something your company manufactures or a service your company provides causes an injury, your policy would pay for any resulting legal expenses, as well as damages up to your policy's limit.

Contractual Liability - Additionally, your commercial liability insurance coverage would cover liability you might take on when you enter into various contracts.

Liquor Liability - General Liability does not cover you for Liquor Liability. This is typically excluded from coverage and needs to be added to the policy. This coverage covers you should any of your patrons have a Bodily Injury or Property Damage claim resulting for the sale and/or consumption of alcohol.

Assault & Battery - Bodily injury and medical costs sustained by a patron during a physical altercation with another patron or a bar employee while at the establishment. Assault or Battery typically means harmful or offensive contact between two or more persons, including threats, sexual assault, abuse or molestation.

 If your establishment does have doormen or bouncers you do need some Assault & Battery. Make sure this is on your Bar Insurance policy as this is one of the most important coverages you can purchase. You can contact John Dziak at 800-765-8272 to speak about the different coverages or get a quote.