As we step into Ladder Safety Month, it’s crucial to use ladders properly to prevent accidents at home and work. Although ladders are common tools that enable us to reach greater heights, ladder-related accidents in the U.S. result in losses of $24 billion annually. Whether you’re a DIY enthusiast working on home projects or a […]
The Importance of Fire Doors If a fire occurs at a commercial property, time is of the essence to keep it under control. Therefore, having measures in place to slow the spread of the flames and minimize potential damages is crucial. That’s where fire doors can help. These doors are specifically designed to withstand the […]
Most Multiple Peril Crop Insurance (MPCI) policies provide replanting coverage. Though it might not encompass all the expenses associated with replanting. Some Approved Insurance Providers (AIPs) offer an option to mitigate a portion of replanting costs exceeding coverage offered by the underlying MPCI policy with a supplemental replanting coverage. Covered perils may encompass: To learn […]
When your car needs body work, selecting the right repair shop can be challenging. You don’t want to overpay, but you also don’t want subpar work. This article covers some aspects to consider when choosing an auto body shop. Know Where You’re Going There are numerous types of body shops, including independent shops, dealerships, specialists […]
As spring approaches, it’s important to remember that freezing temperatures can still occur. To avoid frozen water pipes, it’s crucial to heat your home or business properly during this transition period. Frozen pipes can cause extensive damage and create a lot of inconvenience for property owners, including costly repairs. However, proactive measures can help safeguard […]
There are a few steps to complete when creating your multi-peril crop insurance (MPCI) policy. If you have elected to an Individual Plan, the Actual Production History (APH) must be determined. Next, choose the crop insurance unit structure. Unit structure affects premium and how claims are paid. Each parcel of land that is insured independently […]
When an organization or business owner is made aware of an injury or incident on their premises, the preservation of evidence is an important step in the claims process. In the immediate aftermath of an incident, organizations may overlook the importance of preserving evidence while trying to provide aid to the injured party. However, preserving […]
Surety bonds are essential for many businesses. They provide financial protection and ensure contractual obligations are met on various projects. Surety bonds create a three-way relationship between the principal, the obligee, and the surety. The members of this three-way relationship can be defined as follows. Principal – The party that purchases the bond and is obligated […]
A deductible is the initial amount you cover for healthcare services before your health plan contributes. For those in good health without pre-existing conditions, selecting a plan with a higher deductible could be beneficial. Choosing a high-deductible plan offers the following advantages: Low deductibles are better suited for scenarios requiring extensive medical care due to […]
Farmland owners and cash-renters have many options to consider when creating a risk management plan. Crop insurance is a key route to explore. The Federal Crop Insurance Corporation (FCIC) provides crop coverage via Multi-Peril Crop Insurance (MPCI). Crop yield losses can be protected against by insuring a certain percentage of historical crop production. Below are […]
