A Quick Guide to Force-Placed Insurance

Financing a new home can be overwhelming, especially when your bank begins throwing around new and menacing terms like force placed insurance. While this type of coverage may sound intimidating, it can provide a measure of extra security for both homeowners and lenders.

What is Force-Placed Insurance?

Force-placed insurance is a form of mortage insurance put in place by banks and other lenders to protect a property that is not covered by the borrower’s own insurance. This ensures that the lender recieves back the full amount of the loan, even if the property is destroyed or devalued. While primarily  intended to prevent risk to the lender, certain types of force-placed insurance also protect the homeowner in case of a fire or other disaster.

When Is It Needed?

Generally, force-placed insurance comes into play when the borrower’s own mortage insurance has a lapse in coverage. This could occur due to missed insurance payments or the expiration of a policy, but is sometimes out of the borrower’s control. Some properties in high-risk natural disaster areas can only be insured by force-placed insurance because conventional insurance agencies refuse to cover them. I


Force-placed insurance adds an extra layer of security to the financing process. It ensures that the financial interests of all parties are protected, even if the homeowner is unable to provide mortage insurance.


Why It’s So Important for Company Leadership To Remain Engaged and Committed

Have you ever wondered why your company’s leadership commitment is so crucial? Beyond making final decisions and outsourcing key tasks, engaged leaders can play a major role in setting the tone for the whole company. Here’s why leadership matters.

Strong Leadership Can Inspire Employees and Spur Motivation

Employees of all levels of seniority and experience look up to their superiors for motivation in the workplace. Your company’s leaders have the opportunity to inspire workers and lead by example. Encourage those in leadership positions at your company to:

  • Act as a role model and inspiration for the employees
  • Motivate workers to try their best and support the company
  • Encourage employees to get creative and look for new ways to solve problems

Good Leaders Can Exemplify the Company’s Brand and Core Values

Leaders don’t just give instructions to lower-level employees – they can serve as key examples of a company’s mission and values. Strong leadership can:

  • Strengthen the company’s front-facing image
  • Exemplify the company brand at all corporate and public events
  • Encourage workers to live out the company’s mottos and core values every day

Having the right leadership commitment and engagement can make all the difference in a company. Now that you understand its importance, make sure your company’s leadership is setting the right tone.


When Do You Need Peer To Peer Boat Rental Coverage? people are familiar with peer to peer lodging rentals and with ride-sharing services, but not as many realize there are similar platforms for peer to peer boat rental. The use of personal watercraft for passive income is rising, though, and many boat owners’ insurance policies do not cover damage or liability when boats are used for private person to person rentals. Personal watercraft policies tend to exclude rental coverage like that even when they cover liability and damage in cases where you lend the boat to a friend or family member.

Details About P2P Rental Coverage

Basic coverage for P2P rentals is designed to augment your personal watercraft insurance. It plugs the gaps caused by standard exclusions on many personal policies. The three most common coverage provisions are:

  • Hull coverage to protect against damage or loss while it is rented out
  • General liability coverage with premises insurance to protect against injuries to boaters as they enter or leave your property
  • Watercraft coverage against damage or liability when a client has possession of the boat

Costs for coverage depend on your vessel class, features, and the frequency with which you make it available to others. To learn more about what peer to peer boat rental coverage for your watercraft will cost, you need to contact a leader in marine insurance coverage for an in-depth quote.


Top Advice for Those Thinking of Opening an Engineering Firm

If your lifelong dream of starting an engineering firm is finally starting to come to fruition, you may be wondering what you need to know about this type of business venture. Opening your own firm requires both logistical and financial know-how, so be sure to keep this top advice in mind as you begin the startup process.

Find Your Niche and Search for Appropriate Financial Backing

As you start your business plans, make sure to pin down your desired niche and then search for financial backing. To do this, you should:

  • Identify an in-demand engineering niche your expertise could fit into
  • Consider applying for bank loans to get your company started
  • Network to find potential business partners and/or financial investors and backers

Consider Securing Your Business With the Right Insurance

Another critical consideration in opening an engineering firm is locating and securing the appropriate insurance coverage. Engineering firms may face a number of legal risks, so make sure you purchase as much insurance as is necessary. Some top types of insurance many firms choose to get include:

  • General liability coverage
  • Commercial property insurance
  • Workers’ compensation
  • Insurance for theft, burglary or natural disasters

As you begin the process of starting an engineering firm, it’s important to get financial, legal and logistical questions squared away as soon as possible. You can use this top advice to help guide you through the startup process successfully.


3 Things You Should Know About Coastal Insurance

Living on the water is a dream come true for many people, but insuring a coastal home can be a major impediment. Coastal home insurance is tricky to navigate, and many insurance professionals aren’t familiar enough with its complexities to provide adequate counsel. Familiarizing yourself with some of the basics of coastal insurance, however, can help you determine if this special coverage is right for you.

1. Do I Need It?

The need for coastal home insurance is determined by your home’s proximity to the shore. Although there is no uniform rule, most insurance companies suggest or require coastal coverage if your home is within three miles of the coast.

2. What Makes It Different From Home Insurance?

Coastal insurance usually includes specific policies for damage caused by named storms, hurricanes, or strong winds. These policies apply only if you meet the distance requirements for coastal insurance. Otherwise, your home insurance policy should cover the costs of any storm-related damage.

3. Is Flood Insurance Still Necessary?

Unfortunately, you need a separate policy for flood insurance, as it is not included in either traditional or coastal home insurance. It is not required, however, unless you live in a flood zone.

With proper coastal home insurance, you can enjoy the perks of coastal living without fear of financial ruin. Speak with a coastal insurance specialist if you think your home applies for this essential coverage.


Top Perks and Insurance Types To Consider Including in Employee Benefits Packages

If it’s been a while since your business revamped its employee benefit package, you may be wondering what to include in the package’s next iteration. Before you finalize your plans, make sure to take these top perks and insurance types into consideration for inclusion in the package.

Consider Providing Employer-Sponsored Insurance Plans

One of the most important benefits you can provide your employees is employer-sponsored insurance. If you don’t already include some sort of insurance plan as part of your standard benefits package, you may want to add in some of the most commonly sought-after insurance types to help draw in top talent.

  • Life insurance
  • Health insurance
  • Vision and dental insurance

Include a Range of Popular Modern Perks To Sweeten the Deal

Beyond the basics, your company may want to include a number of other modern perks to help sweeten the deal for current and would-be employees. For example, many employees enjoy receiving extra paid time off. Some additional benefits you could add in include:

  • Gym memberships or discounts
  • Unlimited sick leave or paid time off
  • Office snacks and other refreshments
  • Regular company retreats

If your company is in the process of putting together an upcoming employee benefit package, make sure to include both critical insurance and some popular perks. This checklist can help make the process as simple as possible.


When Can a Taxi Driver Refuse To Provide Service?

It seems straightforward enough: Taxi drivers are supposed to pick up fares and relay them to their stated destination. However, there are times when doing that will seriously inconvenience a driver or possibly put them or the rider in harm’s way. Here are some times when a driver can — and cannot — refuse a fare.

Driver Rights

Being a service provider doesn’t mean you have to accommodate everyone all the time. As a taxi driver, you have the right to turn down fares that:

Come in at the very end of your shift

  • Are carrying anything that might damage your vehicle
  • Refuse to stop eating, drinking, or smoking
  • Will take you outside of your service area
  • Act disruptively

Passenger Rights

Taxi passengers also have rights and should be made to feel safe and respected during their rides. They have the right to:

  • Have  the radio or temperature adjusted
  • See the rate calculator and driver ID during a ride
  • Specify the route the driver takes
  • Have a wheelchair loaded into a taxi if it is an accessible vehicle

Just because you hail a cab, it does not mean you are guaranteed a ride. At the same time, a driver can only refuse service under certain circumstances. Both drivers and passengers should know and understand their rights when it comes to taxis.


How To Use KPIs in Your Insurance Website Performance Evaluation

Having an attractive insurance company website is important, but having an effective and usable site is arguably even more critical. With that said, how is yours performing?

If you do not know the answer to this question, then there is a possibility that your marketing efforts are in trouble. However, it is never too late to begin an insurance website performance evaluation. To start, you need to develop some key performance indicators that will help you measure.

Monitor Revenue-Based KPIs

Without a doubt, your revenue-based KPIs are going to be some of the most meaningful. To gather a decent understanding of how your site’s ads and other website finances are going, take look at the Cost Per Acquisition, Customer Lifetime Value and Marketing Channel Return on Investment data.

Keep Track of Social KPIs, Too

Revenue is undoubtedly important, but it is not everything. You learn about engagement by closely following the Engagement Rate, Brand Mentions and Monthly Audience Growth rate. If any of these numbers are lower than you were hoping for, try not to let it get you down. Instead, see it as a learning opportunity.


By regularly monitoring your insurance website’s KPIs, you can ensure that you are delivering what your customers are looking for. At the end of the day, that is what will make or break the success of any company.


Find Excellent Resources for Your Staffing Agency

If you manage or operate a staffing agency, you know the value of being able to access various resources that help to keep things running smoothly. There are so many things to consider when recruiting talent or filling an available position, and utilizing available resources can help you to do so with more confidence.

Know What’s Available

Staffing agency resources can help you with things like finding a background screening company for applicants, establishing employee benefits and EAP programs, and staying on top of industry best practices. They can also give you a better idea of what the top staffing agencies are doing – such as what kind of programs they’re initiating and how they are maintaining company recruits.

It’s important for staffing managers to have a good grasp of all programs that are available for this very particular niche in the industry. The more resources you have, the better you will be able to find qualified recruits and to satisfy employer needs for competent, talented workers. In short, having access to a comprehensive list of staffing agency resources will help you to do your job better and with more success!

Staying abreast of changes within the staffing industry allows you to have a thorough understanding of how to best run your staffing business.


How Many Hours Can a Commercial Truck Driver Work?

Every year in the United States, approximately 500,000 trucking accidents occur. To regulate how much a commercial truck driver can work, the United States Department of Transportation set regulations to ensure that truckers are not overworked and don’t become a danger to themselves and other drivers.

Work Vs. Duty Periods

Commercial truckers do not follow conventional work hours, so the Department of Transportation breaks a driver’s time into work and duty periods. A work period, which is seven days longs, is similar to a traditional work week, while a duty period is more like a workday. So, how many hours can a truck driver drive during those periods? All regulations are based on the number of total hours worked and not on a specific number of hours worked during a day. A commercial truck driver is allowed to work up to 60 hours in a work period.

The 14-Hour Rule

Drivers can work for as many as 11 hours during a duty period, and each duty period can only last for 14 hours. However, after eight hours of continuous driving, the driver must take a 30-minute break, which will be calculated as part of the duty period.

Commercial truck drivers must follow complex regulations set in place to give truckers the break they need to protect themselves and others.