Contractors face a myriad of risks and require a customized business insurance program. There are many types of contractor insurance that should be considered. Fortunately, the professional agents at Safeguard Insurance have been working with contractors, large and small, for nearly 20 years. We can help contractors find the right insurance coverage, at the right… Read more »
Affordable Commercial Auto Insurance
Business use vehicles can be expensive to own and operate. Between the cost of fuel, routine upkeep, and the occasional major repair, the cost to a business can be substantial. Here are some tips to finding affordable commercial auto insurance that will help reduce the cost to your business: Prescreen drivers. Before you even consider… Read more »
Coverage Parts of an Auto Insurance Policy
At Safeguard Insurance, we think it is critically important for our customers to understand what coverage is provided by their insurance policies before a claim occurs. That is especially true of an auto insurance policy, which has many coverage parts and optional endorsements. Let’s examine the various parts an auto insurance policy, in… Read more »
Employee Injuries and the Course and Scope Rule
At some point, nearly every employer will have an employee report an injury and seek treatment under a workers compensation policy. Every US state has “industrial insurance” or workers compensation laws that define the benefits payable to the injured worker (NRS 616 in Nevada). While the benefits afforded to an injured worker can vary between jurisdictions, there is… Read more »
Understanding Holiday Party Risks
‘Tis the season for gift giving, sleigh rides and holiday parties. With those parties comes a degree of risk for the host and our obligatory blog posting about how to prevent injury and insurance claims. Liquor Liability Some states hold hosts liable for intoxicated guests that cause injury or property damage after leaving the event. Nevada, in… Read more »
Is General Liability Insurance Enough?
Most business owners understand that they need to carry some type of insurance to protect their operations and assets. One of the most commonly requested types of coverage is General Liability insurance (aka the CGL policy). But, is general liability insurance enough? In simplistic terms, general liability provides coverage for bodily injury and property damage that… Read more »
What is Surplus Lines Insurance?
The term “surplus lines insurance” or “excess and surplus” is industry jargon that refers to a secondary insurance market that often provides coverage other insurance carriers are unwilling to offer. To understand the surplus lines market, it is helpful to understand better how insurance is regulated by each State. Insurance Regulation Every US state has… Read more »
Directors and Officers Insurance: Not All Policies Are Created Equal
Many types of business insurance products use a standardized policy form. General liability, as an example, is typically issued on an ISO CG0001 form. Commercial auto and property policies also generally use an ISO form. Directors and officers insurance (D&O), however, is one of a handful of insurance products that do not have a “standard”… Read more »
Why You Should Read Your Insurance Policy
An insurance policy is nothing more than a contract between you, the policyholder, and the insurance company. Because the insurer develops the policy verbiage and structure, insurance contracts are considered “contracts of adhesion“. This means the policyholder has almost no ability to modify the language of the contract. It does not mean, however, that you should… Read more »
Commercial General Liability Insurance: Coverage and Exclusions
In our many years of providing business insurance in Las Vegas, we have found that commercial general liability insurance (CGL) coverage is one of the most commonly requested, and yet least understood types of policy. Part of the problem may be in the name: “general liability”. It sounds broad, all-encompassing, and comprehensive. In many respects the CGL policy… Read more »
Las Vegas Special Event Insurance
Every year in Las Vegas there are thousands of short-term events organized by individuals and businesses. The type of events ranges from large and loud, such as carnivals, fairs, concerts, conventions, parades, sporting events and theatrical performances, to small and simple, such as weddings, networking mixers, holiday parties and private business functions. No matter what type or size,… Read more »
5 Ways to Ensure a Safe Working Environment
As a business owner, you may be busy with traveling and company initiatives. However, no matter what your schedule may look like, it is important to make safety in the workplace a priority. You are responsible for keeping your employees safe and the …