Boardwalk Insurance Group | Auto, Home, Commercial, Life and Health Insurance for Residents and Companies in the United States

Archive for April 2011

Hotel or Motel Insurance Quotes Through Some of the Best and Cheapest Insurance Companies 5.00/5 (100.00%) 2 votes

Do you own or operate a hotel or motel? If so, it’s critical that you have hotel insurance coverage in place at all times.

Not only is it a requirement of your mortgage company, but hotels and motels are susceptible to a myriad of insurance claims on their commercial property insurance policy to their general liability insurance policy.  Some even experience claims which are high enough to reach their hotel umbrella insurance policy.

The cost of this insurance has been on the rise over the last 5 years due to the number of commercial property claims hotels and motels have been reporting.  We are seeing enormous losses from tornados, hurricanes and other wind and hail storms.  This has cause reinsurance companies to raise their rates which is passed down to insurance companies, then you, the insured.

However, there is hope!  Specialty insurance agencies, like Boardwalk Insurance Group, have access to unique programs which have helped clients save thousands on their insurance coverage.  Their typical hotel and motel insurance package includes the following types of policies (can be purchased separately or all together):

  • Commercial Property insurance (for your buildings and business personal property/contents)
  • Commercial General Liability insurance (for claims from third parties)
  • Commercial Umbrella insurance (for liability claims which exceed your commercial general liability coverage)
  • Worker’s Compensation aka Work Comp or Workman’s Comp
  • EPLI (Employment Practices Liability)
  • Commercial Auto aka Business Auto (for hotel shuttle vans, etc.)
  • Boiler & Machinery

Here are some common claims that occur at hotels and motels all around the US:

•    A guest stumbles down a stairwell and suffers a broken leg
•    A mirror falls from the wall and causes a laceration on a guest
•    A guests alleges that due to lack of proper security, their personal belongings have been stolen

Here are the standard coverages and features available with Boardwalk Insurance Group, with more available as the need arises:
•    General Liability with limits up to $1,000,000 occurrence/$2,000,000 aggregate
•    Commercial Excess General liability or Umbrella limits available up to $15,000,000
•    Hired and Non-owned Auto Liability
•    No General Liability deductible
•    Expanded definition of Bodily Injury to include Sickness or Disease caused by Mental Anguish or Emotional Distress
•    No inspection fees charged

•    Discounts available for:
1.    Risks built within the last 20 years
2.    National franchises
3.    Risks with inside room access only with changeable card entry
4.    For risks with swimming pools, if there is a lifeguard at all times when the pool is open

5. Multiple properties

Broad Eligibility To Include:
•    Up to 500 rooms per location with no cap on annual receipts
•    New Ventures
•    Risks with up to 2 swimming pools without diving boards or slides and with proper life safety controls
•    Risks with other commercial occupancies
•    Risks with restaurants on the premises (bars and/or major entertainment are ineligible)
•    Risks with fitness centers on the premises

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Special Insurance Program for Pawn Shops and Pawn Brokers 4.67/5 (93.33%) 3 votes

Boardwalk Insurance Group is proud to announce a special package program designed specifically to meet  the needs of  pawnbrokers or pawn shop owners through one of our brokers.

Available Coverage’s

•    Special Form – Building Personal Property & Business Income
•    Pawned & Owned Jewelry & Guns
•    Pawned & Owned Other Stock
•    Block Form including Firearms, Jewelry, Precious Stones, Watches, Gold, Silver and Other Metals
•    Memo
•    Shipments
•    Property in Transit and Registered Mail
•    Electronic Data/Computer Equipment
•    Property Extension Endorsement Includes
1.    Employee Dishonesty
2.    Money & Securities
3.    Accounts Receivable
4.    Outdoor Property – Fence, Antennas, Sign, Trees, Shrubs or Plants
5.    Spoilage
6.    Property Off Premises
7.    Valuables
8.    Papers & Records
9.    General Liability Including Products Liability for Guns

Limits Available

•    Property – up to $2,000,000 per location
•    Liability – up to $1,000,000 each occurrence/$2,000,000 Aggregate (primary)
•    Excess Liability – up to $10,000,000
•    Fire Damage Legal – $100,000 as required (higher limits available)
•    Block – no sub-limit on jewelry/firearms

Special Coverage’s Available:
•    Forms can be written on Commercial General Liability and Commercial Property or Business (owners forms specifically designed for pawnshops)
•    Replacement cost on buildings (depending on age & updates)
•    2 or 3 times pawn value or actual cost of the loan plus legally accrued interest
•    Theft Limitation Endorsement offered with available credits on pawned jewelry

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Insurance for Restaurants from Fine Dining to Fast Food 4.00/5 (80.00%) 1 vote

Do you have the right insurance coverage in place for your restaurant or café?

As the owner of a restaurant or eatery establishment, you are at risk of a variety of insurance claims by others as well as losses from fires, power outages and much more.  It is therefore imperative that you maintain proper insurance coverage designed for your specific type of business.  Boardwalk Insurance Group provides coverage for the following options:

  • Peak season coverage for your business personal property
  • Broad coverage for Drive-Ins, Food Courts, Internet Cafes, Pizza Shops, etc.
  • Available for operations open 24 hours such as Denny’s or IHOP restaurants or 24 hour fast food restaurants
  • Liquor Liability Coverage available

COVERAGE FEATURES:
•    Business owners Policy form
•    General Liability that expands the definition of Bodily Injury to include mental anguish or emotional distress with no deductible
•    Non owned and Hired Car coverage (without delivery)
•    Loss of Income on Actual Loss Sustained basis up to the stated limit
•    No Coinsurance Clause; No Classification Limitation or Designated
•    Premises Endorsement
•    Personal Property of Others up to Contents limit
•    Peak Season coverage
•    $5,000 transit
•    Replacement Cost coverage available
•    Special Cause of Loss available
•    Equipment Breakdown Coverage available

PRODUCT FEATURES:
•    Accounts with dancing and entertainment are eligible
•    Contents only coverage available
•    Replacement Cost Valuation available
•    Value Plus Endorsement available – 15 valuable coverage enhancements; including Water Back-up, Money & Securities, Employee Dishonesty, Signs, Transit and more
•    Additional Equipment Breakdown coverage includes food spoilage

There is much more available than what is listed above so any restaurant type is encouraged to apply for a free, non-obligatory quote.

Legislative Update from Blue Cross Blue Shield of Texas 4.50/5 (90.00%) 2 votes

We received the following email update from BCBSTX today and thought we would pass on this useful info:

Health care spending addressed in long-term deficit reduction plans

In a speech Wednesday, President Barack Obama unveiled his deficit reduction plan, which included several measures that seek to address health care spending. According to a White House fact sheet, the President’s plan will build on policies put in place by the Affordable Care Act (ACA) and would save an additional $340 billion by 2021, $480 billion by 2023 and at least an additional $1 trillion in the subsequent decade.

The House Budget Committee released the GOP deficit reduction proposal last week, which President Obama has said he will oppose. Both the President’s and GOP’s proposals have indicated that their deficit reduction plans include Medicare and Medicaid spending cuts.

Federal budget deal targets ACA measures

Late last Friday night, a bipartisan budget agreement was reached to avoid a federal government shutdown. The agreement is now known as H.R. 1473. If H.R. 1473 becomes law, it would continue to fund the federal government through the end of the fiscal year (Sept. 20, 2011), and according to the latest Congressional Budget Office’s estimate, would cut between 20 to 25 billion dollars in spending over the next 10 years.

The package went to Congress for passage this week as H.R. 1473. The bill was passed by both the House of Representatives and Senate yesterday. It now goes to the White House for the President’s signature.

The budget agreement contains several provisions that would affect the ACA. Most notably, H.R. 1473 would:

  1. Eliminate ACA’s Free Choice Voucher program
    H.R. 1473 repeals the health benefits exchange-related Free Choice Voucher program that would have allowed employers to provide vouchers for eligible employees to use in purchasing health insurance coverage on a health exchange beginning in 2014. They are different from the premium tax credits and cost-sharing subsidies that will be provided by the federal government to individuals purchasing health insurance coverage on a health exchange.
    Proponents of the Free Choice Vouchers believe that the vouchers provide eligible employees with more choice and flexibility, increase competition, and reduce costs. Opponents believe they are too costly for employers, especially those that offer both low-cost and high-cost coverage, or employ large numbers of younger employees who do not make large salaries. They also say the vouchers have the ability to create adverse selection, which could increase employer costs.
    .
  2. Reduce $2.2 billion in funding for ACA’s CO-OP Program
    The Consumer Operated and Oriented Plan (CO-OP) program of the ACA directs the federal government to support the creation (through issuance of federal loans and grants) of member-owned, nonprofit insurers (CO-OPs) that will offer qualified health plans on the exchanges and possibly in the off-exchange individual and small group markets. Some $2.2 billion of the $6 billion in appropriated budget for the (CO-OP) will be permanently cut.
    .
  3. Require auditing, reporting on various aspects and effects of ACA
    H.R. 1473 directs the General Accounting Office, the federal government’s “watchdog” over how taxpayer money is spent, to issue a report on ACA implementation; to perform an audit of requests for essential health benefit annual limit waivers; and to audit the comparative effectiveness research funding (comparing the effectiveness of different treatments for the same illness).
    In addition, the bill directs the Chief Actuary of CMS to conduct an actuarial analysis of projected premium impacts as a result of a number of the ACA provisions, including guaranteed issue, guaranteed renewability, and community rating.

President Signs Repeal of ACA’s 1099 Reporting Requirements

Thursday, President Obama signed H.R. 4, which repeals the expanded 1099 reporting requirements included in the ACA. As we previously reported, the Senate approved the measure on April 5, and the House approved it on March 3.

The new reporting requirements would have compelled businesses to file a Form 1099 for all payments of goods and services aggregating $600 to a single payee, including corporations.

Repeal of the expanding requirements is expected to reduce revenue by $24.7 billion from 2011 to 2021. H.R. 4 offsets this cost by requiring recipients of the premium assistance tax credits included in ACA to repay a greater share of any overpayments of the tax credits.

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Non-Standard Commercial Insurance Policies 5.00/5 (100.00%) 1 vote

Not all businesses qualify to be placed under traditional standard insurance company programs.  Luckily, there are many insurance companies in every state which will write those businesses which don’t qualify for admitted products.

From small businesses to large corporations, Boardwalk Insurance group has built a solid reputation for providing comprehensive coverages and competitive pricing for our clients.  Below is a list of just some of the non-standard commercial policies we can place for our customers:

  • Engine Repair for Oilfield Equipment
  • General Contractors
  • Roofers
  • Hotels and Motels
  • Lessor’s Risk
  • Restaurants & Cafes
  • Bars and Nightclubs
  • Condo and Apartment Complexes
  • Convenience Stores
  • Gas Stations
  • Sub-Contractors
  • Builder’s Risk Policies
  • Construction Insurance

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Cheap Apartment Renters Insurance Policies 4.50/5 (90.00%) 2 votes

Are you looking for cheap apartment renters insurance? Many apartment complexes require tenants to carry apartment renters insurance these days and won’t let you move in until proof of this coverage is provided by your insurance agent or insurance agency.
The good news is that this insurance is relatively inexpensive.  Most insurance companies who provide this coverage price it between $50 and $150 per year.  The variation in cost is based on the liability limit selected and the amount of contents coverage the customer wants.

The liability coverage protects you when claims come in from third parties.  These include guests who come to visit you.  The contents coverage, also referred to as personal property, covers your furniture and fixtures inside your apartment.

Some apartment complexes do not require tenants to maintain this coverage and others only require this coverage if, for example, you intend to put up a satellite dish.  We get a lot of questions as to what a satellite dish has to do with apartment renters insurance.  The answer is that if the dish was improperly installed and happens to fall off the building and land on someone or something, the apartment complex owners could get sued.  If the tenant carried an apartment renters insurance policy, then the tenant’s insurance company would defend the claim and the property owners would be off the hook.

The amount of liability coverage can vary from as little as $25,000 up to $1,000,000.  The contents coverage generally starts at $10,000 and goes up to $50,000.

A general renter’s policy is also available for those who rent homes and mobile homes from landlords.  The limits of coverage and rates are similar to apartment renter’s insurance policies.

If you are live in Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Minnesota, Missouri, New Jersey, New Mexico, Nevada, North Carolina, Oklahoma, South Carolina, Texas, Utah, Virginia, Washington or Wisconsin, and are looking to purchase a cheap apartment renters insurance policy, contact Boardwalk Insurance Group to get a free, no obligation quote.  We have several carriers to choose from so we can find the right coverage and price for you.

You can go to our website and fill out our online application and just let the quotes come to you.

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Insurance for Herbicide and Pesticide Operations, Wildlife Removal Services, Termite Control and Inspection Services 3.50/5 (70.00%) 4 votes

Do you engage in herbicide and/or pesticide services?  What about wildlife removal?  Or is termite control and inspection your cup of tea?  If your answer is “yes” to any of these questions, here is some interesting news about the insurance programs that are available to you and your business.
Boardwalk Insurance Group’s brokers have in-house binding authority for both property and liability insurance coverage for you and your business. This program is intended for herbicide/pesticide operations, wildlife removal services (for smaller wildlife such as raccoons, birds, rodents, bats, etc.), and termite control and inspection services.

Liability features included (at no additional charge):
•    $1,000,000 occurrence/$2,000,000 Aggregate Limits available for Primary
•    $100,000 Property in the Care, Custody and Control of Pesticide/Herbicide Contractors.
•    $10,000 In-Transit Pollution Coverage
•    $10,000 Lost Key Coverage

Liability Additional Coverage Option
•    Professional Liability for Wood Destroying Organism Inspection Service

Property Additional Coverage Options
•    $25,000 Equipment Breakdown
•    Property Damage Coinsurance – at 80%, 90%, or 100%
•    Replacement Cost Coverage – Building
•    Replacement Cost Coverage – Tenants’ Improvements and Betterments
•    Replacement Cost Coverage – Business Personal Property (BPP) and Personal Property of Others (PPO)
•    Building Glass – Tenants’ Policy
•    Business Income Coverage
•    Tenants’ Improvements and Betterments
•    Limited Property Extensions Endorsement

Other Coverages

1.    Accounts Receivable – $25,000
2.    Arson Award -$5,000
3.    Electronic Data Processing Equipment – Off Premises – $5,000
4.    Electronic Data Processing Equipment – On Premises – $10,000
5.    Employee Theft – $5,000
6.    Fine Arts – $5,000
7.    Fire Department Service Charge – $5,000
8.    Fire Protection Device Recharge – $1,000
9.    Money and Securities – $5,000
10.    Personal Effects and Property of Others – $7,500
11.    Property in Transit – $10,000
12.    Sewer, Drain, or Sump Backup or Overflow – $5,000
13.    Spoilage or Contamination – $5,000
14.    Valuable Papers and Records other than Electronic Data – $25,000

To find out more information or to obtain a pest control insurance quote, please contact us.

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Event Liability Insurance for Weddings and Special Events 4.50/5 (90.00%) 2 votes

Are you in need of event liability insurance policy for a special event?  Let Boardwalk Insurance Group help find the right insurance company for you.
Many banquet facilities, hotels, convention centers, parks, country clubs, night clubs, concert halls and other venues require event hosts to carry some type of special event insurance these days.  From weddings to fundraisers to concerts to parties with alcohol, some type of insurance is requested to protect not only the property owners, but the hosts themselves from claims that may arise.

Some examples of event insurance claims which have occurred:

•    Property Damage: Facility walls were damaged when children smeared chocolate from the chocolate fountain.

•    Property Damage: A guest spilled an entire glass of red wine on the carpet.

•    General Liability: Five guests became sick from eating spoiled food from an outside caterer. They are seeking coverage for their medical payments.

•    General Liability: The bride’s cousin fell on the dance floor and broke her leg. She is seeking coverage for her medical bills.

•    Liquor Liability: The bartending service hired to serve alcohol at the wedding negligently served alcohol to an intoxicated or underage person.

Liquor Liability insurance coverage is crucial if the event you are hosting will be serving alcohol.  It makes no difference if you are utilizing a cash bar or providing an open bar service for your guests.  Either way, there is serious exposure to you and the facility.  If the venue or 3rd party service they use to cater alcohol states they have their own coverage, you must make sure that they provide you with a certificate of insurance for your particular event dates/times and also list you or your organization on the policy as an additional insured.

The banquet hall may be held liable for the actions of those selling or serving alcohol at the wedding.  It may cost thousands of dollars in defense costs to prove you are not liable for a liquor liability claim and you can be brought into a claim if the wedding couple does not have a liquor liability insurance policy in place.  It’s just not worth the trouble so you must make sure adequate coverage is already in place or you should purchase your own.

Boardwalk Insurance Group provides special event insurance coverage for all types of events at all types of venues.  Our typical event policies include:

•    General Liability and host liquor liability coverage with separate limits (important if there are multiple large claims)
•    Coverage for property damage caused to the rented banquet hall facility
•    Medical payments coverage
•    Food and beverage product liability
•    No general liability deductible
•    $1,000 sublimit for lost deposits (cost to reimburse for a lost deposit if a vendor goes out of business, declares bankruptcy or fails to show up) included at no additional charge
•    Up to three additional insureds including the banquet hall facility owner can be included for no additional charge
•    No deductible
•    Defense Costs are outside of the policy limits
•    Limits of  $1,000,000/$2,000,000 available

Quotes can be provided within 24 hours of submitting a completed application.  Premiums for events can range anywhere from $250 to $10,000 per day.  Factors considered in determining costs include the type of venue, type of event, number of people attending, if the event is free or paid, if any celebrities will be in attendance, if alcohol is being served, event timings, etc.

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Truckers Property and Liability Insurance Coverage 3.50/5 (70.00%) 2 votes

Looking for a truckers property and liability insurance coverage?  One of our agents from Boardwalk insurance agency can help you find your insurance company!

Truckers are required to maintain General Liability insurance coverage by their landlords as well as by the companies they haul for.  This coverage fills the gap between their automobile liability insurance and garage liability insurance.  Trucking companies often incur the following types of claims:

Sued for negligent hiring
Visitors on their premises who slip/trip and fall
A fire on their premises may damage property

At Boardwalk Insurance Group, our Truckers Insurance programs include the following:
Coverage Features:

No deductible on General Liability policy or policies
Blanket additional insured coverage
Additional insured coverage for United Intermodal Interchange Association (UIA)
Waiver of subrogation
No audits on payroll
General Liability insurance rated on number of units

Liability Features

$1,000,000 (one million dollar) general liability limit with $2,000,000 (two million dollar) general liability aggregate limit
No liability deductible
Expanded definition of bodily injury to include sickness or disease caused by mental anguish or emotional distress
Non-auditable policies

Property Features

Property coverage using ISO’s broad April 2002 coverage form
Equipment breakdown including free boiler inspection if required
Special Cause of Loss and Replacement Cost coverage
Older buildings acceptable (with a Functional Building Evaluation endorsement)
Property limits up to $3,000,000

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