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Finding Appropriate Insurance for Niche Businesses

Running a business in a niche industry can often bring a number of unique challenges to your door. When your company specializes in automotive services like painting, detailing, and bodywork, then you cannot expect a traditional insurance policy to cover the risks you’re likely to face. This means you need to go above and beyond to find coverage that actually protects you when you run into common setbacks of your industry. Review these tips to learn more.

Review the Basic Policy Options

When reviewing your options with auto paint & body shop insurance programs, you want to think about the issues you are most likely to encounter. More often than not, business owners in this field have to deal with customers who make claims about damage to their vehicles and other problems that come about when a business temporarily holds the possession of a consumer. To ensure you are not held responsible for accidents or issues beyond your control, you need policies with ample protection. Other areas to focus on include:

  • Coverage for directors and officers
  • Liability options for errors and omissions
  • Appropriate workers’ compensation coverage

Find the Best Protection

If you want to truly protect your business in the face of the unknown, proper insurance is the best place to begin. Review the basics of your industry to gain more perspective on the coverage points you should be hitting with your policy.

How To Handle a Scenario Where Your Boat Start Flooding

Nothing can ruin a day on the high sea more than realizing your boat is taking on water. Though it can seem like a dire situation, flooding can be handled by keeping a cool head and assessing the situation. In order for you and those aboard your vessel to come out of this situation unharmed, you absolutely want to plan ahead for such setbacks. Consider this information to make the right decisions regarding the potential flooding of your hull.

The Right Precautions

To prevent boat flooding, you always want to check the hull before you leave the dock. Routine maintenance should help you get a better idea of the integrity of your vessel in advance. Taking out appropriate insurance can also offer you peace of mind that any incidents that occur will be covered by your policy. In the event that your boat takes on water, be sure to focus on the safety of your passengers. Have everyone put on life jackets and close all the doors and hatches of the ship. Additional steps to take include:

        Inspect the bilge pump and turn it off

        Attempt to stop the water influx

        Get to shallow waters

A Comprehensive Plan

Time is of the essence when your boat begins to take on water. To feel prepared for whatever the sea might bring your way, be sure to take time in advance to consider all of the different ways you can stay protected while enjoying your time on your boat.