Many organizations are faced with revenue concerns as the COVID-19 pandemic continues. It is critical to identify cash-flow exposures and to limit the severity of the risk. Due to the nature of the current crisis, assessments and prioritization of expenses should be done on a consistent basis. Budget adjustments are critical to operations and can be implemented quickly, as changes to revenue and organizational needs develop.

Interpret On-Going Expenditures

The key to meeting the pandemic head-on is to look ahead. While non-profits are skilled at planful budget management, this situation presents an array of new challenges. Particularly, there is a need to continually parse budget items to see where costs can be reduced. As seen in the research on COVID-19 non-profit revenues, reducing insurance costs can be one way of effectively trimming expenses.

Develop A Risk Plan

Another important management task is to take a risk plan. It is imperative to monitor changes with income inflows and outflows. Some expenses can be delayed, but fixed costs become a concern as revenue tightens. Organizations can determine effective controls by having an evolving idea of where cuts can occur to minimize changes to daily functions.

Non-profits have a unique difficulty in managing budget issues during COVID-19. It’s important to consistently address financial risk, along with a plan to secure the bottom line.

ADA stands for the Americans With Disabilities Act. It became law in 1990. Since that time, it has been in place to ensure equal access to goods and services to people with physical and mental impairments. This not only applies to your physical place of business, but it also applies to your website. Special features and functionalities are available to allow people with visual disabilities to access the site.

While the law requires ADA-compliant websites, the CEO of Neilson Marketing explains how it can benefit you and your business.

1. Reaching Previously Untapped Audiences

Two million Americans are legally blind, while an additional six million experience other visual impairments. Making your business website ADA accessible allows you to reach a customer base that was previously cut off from your business, at least from a virtual point of view.

2. Receiving Tax Incentives

Improving your website for ADA accessibility may make you eligible for certain tax incentives. Not only do you potentially stand to make more money from reaching a wider audience, but you could also pay lower taxes on it.

3. Protecting Your Company From Liability

Customers who are unable to access your website due to a lack of ADA compliance could have grounds for a discrimination lawsuit. Being proactive in making your site accessible could protect you from legal action.

ADA accessibility requirements are reasonable. Complying with them helps your customers and benefits you as well.

Liability plays an integral part in your company’s security. Without a comprehensive policy, you stand to incur serious financial and legal penalties when a problem arises. Luckily, there are ways to keep yourself protected at all times. In the real estate industry, this means taking a closer look at liability options. Vicarious liability for real estate is a type of secondary insurance that can be useful in the event of legal battles involving misconduct.

Overview of Agency Options 

As reported by professionals at HighlandRisk, there are a few key points of which to keep aware of regarding vicarious liability policies. For one, you’ll need to determine what agency works best for you. An agreement involving a single agency, for example, contains an agreement of express agency between two distinct parties. However, a dual agency can be a useful arrangement in a scenario where the two parties involved have conflicting interests and require external mediation or assistance. Additional points to consider include:

  • Subagency options where sellers allow brokers extra responsibilities
  • Disclosures describing the specific nature of the arrangement
  • In-depth guidance from professionals with industry experience

Determine Your Insurance Needs

To help your business stay successful, you need to take time to review your current insurance plan. Look into the options available to you and determine whether you might be able to benefit from making a few key adjustments to how the policy is organized.

With lawsuit judgments getting larger and larger for many predictable business mishaps, it’s worth taking a moment to review the changes at your company recently and to ask if your coverage is adequate to the current legal environment. General liability and even business-specific coverage like third-party liability for contractors have their limits, though, so it’s not always an option to simply buy more insurance. Nor is it always the best choice. Supplementing a policy that generally covers what you need for basic mishaps with one that provides excess liability coverage under narrow circumstances could save you a lot of money. In some cases, it might even let you lower your coverage limits for your general liability coverage by filling an important gap.

When Does Excess Liability Insurance Kick In?

The point of an excess liability policy is not to replace your general liability policy, but to protect against situations where a court judgment exceeds it. Since its coverage provisions are quite narrow and it doesn’t need to take care of general issues like paying for the medical expenses of people injured on-site outside of a settlement judgment, it can be written to be much more cost-effective for its coverage value than a general liability policy with the same upper limits. This helps you avoid overpaying for insurance without undercutting your protection, and it’s worth talking with an insurance professional about whether it’s a good fit for your business.

If you think the term library risk management is an oxymoron, then it has probably been a while since you last visited your local branch. Gone are the days of musty-smelling buildings filled with old books, managed by a prim old woman shushing the voices of patrons. Modern libraries are community hubs where people young and old come for information in every conceivable format. Any public place with this much activity needs protection, and consequently a risk management plan.

What could go wrong at a library? Consider the following:

  • Natural disasters like hurricanes, wildfires, and tornadoes
  • Pests like bedbugs, lice, or termites
  • Unlawful activity including the use of weapons or drugs
  • Unruly patrons, for example, those who act disruptively, stalk employees or steal from the library
  • Unanticipated closures due to power outages, disease outbreaks, or threats of violence
  • Accidents causing injury to patrons
  • Lawsuits against library staff

Don’t get caught by surprise when an unfortunate incident occurs. Hope for the best, but be prepared and have a plan in place should you ever need to react to one of the above situations. Of course, as the experts at Regan Insurance Agency point out, not every threat is substantial enough to warrant action. Thus, thresholds must be set so that everyone understands when to act.

An international textile analysis laboratory can provide ways to properly clean articles of clothing. Perc dry cleaners use a variety of chemicals the Environmental Protection Agency considers hazardous waste. Properly disposing of these items is an important part of reducing pollution risks.

Solvent Residue

The experts at Irving Weber Associates state soil and stains are removed by dry cleaners using solvents rather than water. These solvents produce residues that need proper containment to avoid polluting the environment. The residue can stick to the machines and needs proper disposal when the machine is cleaned.

Process Water

Due to the process of dry cleaning, some water floats on top of the perc solution at the end of the cycle. This process water is then easily removed. However, because it was mixed with the solvents, it contains hazardous waste.

Filter Cartridges

The filter cartridges filter out the solvent tumbling through the machines and cleaning clothes. At some point, the filters become clogged with dirt and debris and need replacement. Since they filtered out solvent, they must be properly disposed of.

The valclene or perchloroethylene used in the dry-cleaning process classifies as hazardous waste. When considering what the international textile analysis laboratory recommendations are, be sure to follow EPA guidelines for properly caring for the business itself. Following EPA guidelines can ensure you reduce your pollution liability.

Spring is here bringing an increase in tornadic activity in many states. While having mobile home insurance can help protect your assets should tornado damage your home, there are some steps owners can take to protect themselves.

Potential Damages

As referenced on, wind, lightning, and hail can all happen in a severe thunderstorm producing tornadoes. These elements can cause damage to your home. For example, a tornado can pick up the home and move it. Or it can drop objects from somewhere else onto your mobile home.

Shelter Plan

Before a tornado warning goes out, make sure you know what your plan is for shelter. Mobile homes do not provide a stable shelter. Many people create their own or go to a designated shelter nearby. Have a plan in place to prevent panic and ensure the safety of your family.

Structure Support

If possible, you may want to consider providing the mobile home with more secure structural support. For example, a home anchored to a concrete foundation is safer than one that is not. These lightweight structures make them easy to manufacture but do little against the damaging strength of a tornado.

Following these guidelines can help you protect what’s most important to you during the tornado season. Mobile home insurance can help take care of the rest.

There is nothing quite like sharing a passion for sailing, racing and adventuring with others equally as passionate. Turning the love of yachting into something more tangible creates endless opportunities to learn, build friendships and so much more. With all the benefits a yacht club provides, regardless of the size, it comes with inherent liabilities. The experts at Mariners Insurance have various flexible yacht club insurance programs to keep the fun protected.

The Basics

No matter the size or amenities offered, the minimal coverage needed includes general liability and commercial. As part of the latter, your property would be covered in the case of a fire, vandalism, wind and other situations as dictated by the policy. General coverage provides broad liability protection regarding the public, members or visitors.

More Options

As the club grows and perks are added, it is necessary to rethink what is covered. The addition of boat storage, a clubhouse, employees, and instructors, just to name a few, increases the chances of needing additional liability coverage. Making a comprehensive list of what the club offers helps make it easier to decide what packages may be needed. Additional coverage may include the following:

  • Boats owned, borrowed or rented by the club
  • Third-party boats stored at the facility
  • Piers, docks, wharves, equipment, trailers and other property
  • Liquor liability
  • Races, regattas and cruises
  • Workers compensation
  • Commercial auto
  • Pollution
  • Flooding

Most commercial general liability policies contain exclusions when it comes to accidents involving pollution, so it’s important to evaluate if you have a gap in this area. The most common industries with potential concerns are manufacturing, transportation and construction, as stated by However, other smaller businesses can also be held liable for harmful exposures to the environment. It is essential to understand your risk and associated coverage before any situation arises.

Highlights of a Typical Policy

No one expects to be involved in a scenario where hazards escape into the environment, so understanding what commercial pollution liability means beforehand is beneficial. For contractors, it may even be required to have this coverage prior to starting a job. Hazardous materials can be spread in many ways and may affect people as well as property, so protection usually revolves around several factors:

  • Contamination (air, land, water) of an external site from the insured property
  • Contamination of insured site
  • Bodily injury
  • Property damage
  • Clean-up costs

Some other factors to look for in a policy include coverage for releases from underground storage tanks, a clause for an extended reporting period, and handling of costs for a legal defense. Additional customization may be warranted based on the industry, so discussing all options with a professional will ensure you are shielded from all possible risks.

Finding the right insurance for your company can be tough in any industry, but when you work in oil and gas, there’s another layer of specialization needed. That’s because the location is important to the kinds of coverage you need and the amounts you should insure for as policy maximums. The requirements for companies operating in extraction in New Mexico will not necessarily be those faced by, say, a refinery in Minnesota. That’s where having regionally specialized help can come in handy. At, you will find information built for the New Mexico oil and gas industry, including both extraction-focused companies and those who refine and deliver oil and gas derivatives to residential and business clients.

Coverage for Your Business and Equipment

The machines used for your core business are specialized, finely calibrated, and for the most part, high-value. That means you need insurance for the oil and gas industry that knows how to protect them, as well as how to assess the real replacement value when it comes to a lot of custom rigs and pieces that had to be fabricated to suit the operation they’re applied to. Not every business insurer is ready to properly value those kinds of assets, but companies with industry experience insuring petroleum extraction and refining operations will be able to set you up with a coverage that really reflects those needs.

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