Why You Should have Auto Insurance in Selden NY

Having auto insurance is a requirement of all states of United States, and Selden, NY is not an exception. The primary benefit of car insurance is that it provides you with the peace of mind you need while on the road and that it ensures that you stay on the right side of the law. At XL Brokerage Inc. we provide car owners with comprehensive auto coverage that matches the value of their premiums. Other than meeting the legal requirements, there are more reasons why you need to have auto insurance.

Helps preserve the value of the car

When you have auto insurance, you can easily maintain your car for durability and retain a high resale value. Car owners without auto insurance might at times avoid repairs if they feel like it costs more than they can afford. Having auto insurance coverage ensures that repair expenses catered for, and you will not have to worry about the cost as long as your vehicle is kept in excellent condition.

Proper car maintenance helps to preserve its value, and this ensures that you get a good deal during a resale. Loss of equity from avoiding repairs may cost more than you would have spent on insurance premiums.

Liability protection

You can never predict what will happen to you once you are on the road. No matter how careful you are it could be your unlucky day, and you may find yourself hitting a pedestrian or another individual’s car. In such case, you will be required to pay for the damages you cause to other people. This may include medical bills and funeral cost. Also, if the affected sues you, the coverage helps you pay the legal fee.

Ensure you have auto insurance in Selden, NY and enjoy these benefits plus more. Contact XL Brokerage Inc. today to get a quote and get started.

Umbrella Insurance May Protect a Business Owner For Sexual Harassment Claims

Sexual harassment claims have been all over the news lately. High profile individuals in positions of corporate power have been taken down by such claims. This includes the CEO of Fox News, Roger Ailes (now deceased), popular newscaster Bill O’Reilly, and most recently the CEO of The Weinstein Company, Harvey Weinstein.

There is a lesson to be learned by any business owner that this type of behavior in the workplace is no longer going to be tolerated.

Risks to Business Owners

Business owners may be held liable for the inappropriate activities of their chief executives or those in positions of power over other employees. The owner may be unaware that such activities are occurring and then suddenly get hit with a major lawsuit. Sometimes these lawsuits or their settlements are in the multiple millions of dollars.

Regular commercial insurance usually does not cover any lawsuits that are related to labor disputes, including charges of sexual harassment in the workplace. Therefore, business owners need the added protection of umbrella insurance that provides coverage in such situations.

Umbrella Insurance Coverage is Essential

Without umbrella coverage, a business owner may risk losing the entire business due to the inappropriate behaviors of their employees. The high profile media attention now being given to sexual harassment in the workplace encourages those who experience such inappropriate and potentially illegal behavior to come forward and to make claims.

Talk this over with your agent XL Brokerage Inc. in Selden NY to make sure as a business owner you do not lose everything because of the things that are done by your executives. This is a systemic risk that needs adequate insurance protection. Even if the allegations cannot be proven the legal expenses to defend against such a lawsuit can be very substantial.

When you work with your agent at XL Brokerage Inc. in Selden NY about these issues you will be able to understand how to use umbrella insurance to cover your business for claims such as sexual harassment at the workplace and other things not normally covered by regular commercial insurance.