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Showing posts with the label Liability

What is a critical insurance coverage for a non-profit and their board?

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    Matt worked with his first non-profit when he was fifteen. (We do so much volunteer work that we are debating moving fully to a special benefit corporation). Volunteer work holds an important place in our hearts. One of the simple rules is if it is important then insure it. One mishap and a nonprofit can lose years of progress from that lapse of judgment. Right after your articles of incorporation, the next document that your board should have is your insurance policy. Non-profit board liability insurance, also known as directors and officers (D&O) insurance, typically covers legal fees and damages arising from lawsuits against the non-profit organization's board members and officers for alleged wrongful acts or omissions committed in their roles as leaders of the organization. Specifically, D&O insurance may cover the following: 1.        1.  Legal defense costs : This includes attorney fees, court costs, and other expenses associated with defending against cla

How is Motorcycle Insurance different than Car insurance in Washington State?

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Most ot the snow is melted so a lot of us going to dust off the bike and go for a ride. Do we need insurance ? Not everyone has coverage on their motorcycle year round. If you are a hipster or riding a Harley then you should know motorcycle insurance is different from auto insurance in a few ways: 1.Coverage: Motorcycle insurance typically offers specific coverage for motorcycle-related risks such as custom parts, safety apparel, and roadside assistance. work goes into a ride 2.Cost: Motorcycle insurance is generally less expensive than auto insurance due to the lower risk of damage or injury caused by a motorcycle compared to a car. I need a insurance quote .  3.Risk factors: Motorcycle insurance rates are affected by different risk factors than auto insurance, such as the type of motorcycle, the rider's age and experience, and the number of miles ridden per year. State requirements: In Washington State all motorcycles drivers must carry liability coverage and proof they have ins

Not all auto insurance is the same, for example let's look at Van Life

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Van Life can be rewarding. Living in a van may change your car insurance needs, as your van will likely be considered a primary residence rather than just a vehicle. This means that you will likely need to purchase additional coverage, such as liability insurance and comprehensive coverage, to protect yourself and your property while you are living in the van. Additionally, you may need to notify your insurance company of your change in living situation, as it may affect your coverage and premiums.  If you have questions then let us know.   If you haven't seen some of these homes on wheels and the work that goes into them then check this out:  Van living can require modifying your vehicle. Aftermarket parts, also known as non-original equipment manufacturer (OEM) parts, are not covered by car insurance in the same way as original parts. In general, car insurance policies will only cover the cost of repairing or replacing a damaged part with an OEM part, rather than an aftermarket p

Why everyone that is renting should have an insurance policy

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  At Wenatchee Insurance Agency one of the most affordable policies that we do is Renter's Insurance. When you are living at someone else's place, whether it is a paying rent for an apartment or crashing in the basement for an extended period of time then get some renters insurance. We talk about these for years because they are inexpensive and with a good one in place they keep problems from compounding. Renters insurance is a type of insurance that provides financial protection for individuals who rent their living space, such as an apartment or a house. It can help cover the cost of replacing personal belongings that are lost, stolen, or damaged due to covered events, such as fire or theft. It can also provide liability coverage, which can help pay for legal expenses if someone is accidentally injured on the rental property. Additionally, renters insurance can also provide additional living expenses if the rental property is uninhabitable due to a covered event. Overall, re