October 11, 2017

MCS90 Filing

One of the many facts of driving on the highway is you will most likely share the road with a semi-truck at some time in your travels. Trucking is an integral part of our country’s economy, transporting over 14,457 million tons of cargo in 2013 according to Forbes.com! In order to operate as a trucking company, there are many requirements you must be in compliance with. One particular filing that is often confusing and misunderstood is the MCS-90 form. The MCS-90 form, according to DMV.org, is an automobile endorsement that is added to an existing automobile policy which guarantees that … Continue reading

September 29, 2017

Lending a Helping Hand: Workers’ Compensation & Out of State Coverage

When disaster strikes, it’s common to see people come together to help out their fellow neighbor, community, state or even country.  The recent weather events, specifically in Texas & Florida, have proven yet again the spirit of human kind is not lost.  There will be many people traveling across the country to lend a helping hand in the recovery efforts with most of them being contractors.  It’s important to keep in mind before you head south to review your Workers’ Compensation policy and give your agent a call to be sure you avoid any gap in coverage as each insurance … Continue reading

September 20, 2017

Building a Return to Work Program Part II

Building a return to work program can take some time, but the benefits are well worth it. It will be a team effort coordinating employees, medical providers, supervisors, human resources, insurance claims adjusters, and anyone else you feel is important to the process. Here are some tips on how to get started. Establish a key person who will be responsible for managing the relationship with the people stated above. They will be the liaison for all work-related and non-work related injuries and illnesses. Develop a written return to work program and make sure it is a living breathing document that … Continue reading

September 13, 2017

Building a Return to Work Program Part One

When an employee gets injured on the job we want to be sure they get the care they need to get better quickly. As an employer, one of the things you can do to help employees recover faster is implement a return to work program. Some of the advantages of a return to work program for the employer are: Retain skilled and valuable employees Keeps employees connected and working Help improve employee morale There are also important benefits for the injured employee: They continue to earn their regular paycheck and maintain benefits Productive use of their skills helps maintain self-esteem … Continue reading

September 6, 2017

Employers’ Liability

I recently attended a class on workers’ compensation and learned some interesting facts I thought I would share. Did you know workers’ compensation, or workers comp, is one of the earliest forms of insurance and dates back to the 18th century? It was started by pirates. Pirates were considered allies of some governments and as you can imagine they were often injured while “working” attacking ships, and a system was started to compensate the pirates if they were injured. Today workers’ compensation operates in a similar fashion.  If you are injured while working, workers’ comp will pay for medical expenses … Continue reading

August 30, 2017

Hired and Non-Owned Business Auto Liability

You may think that you have no auto liability risks if you don’t own any vehicles, but hired and non-owned auto liability coverage is exactly what you need! If your employees ever drive their personal auto for use in your business, then you have a non-owned business auto liability exposure. An auto that is rented or borrowed is considered a hired auto. You can obtain coverage for both hired and non-owned auto liability either by adding the coverage to your commercial general liability policy, or by purchasing a separate policy to only cover hired and non-owned autos. If already you … Continue reading

August 28, 2017

DIY Bonds

Our website has some pretty cool features on it. One of them that most people are not aware of is the ability to issue your own bonds. If it is after hours, or you are a do-it-yourselfer, you can go to our website and issue your own Notary, ERISA or One Day Liquor Bond. The process is easy and you have your bond instantly. Visit our website www.vastsolution.com and go the bottom on the page. You will see “Get A Bond,” click on that, and it will give you bond options. If you are nervous about making a mistake , … Continue reading

August 24, 2017

Vacant Buildings

What is a vacant building? There are a couple of factors that determine vacancy. Generally speaking, most insurance carriers will consider a building to be vacant if less than 30% of the total building square footage is not used for an operating business – either by the building owner or a tenant. Why should you care? A commercial property insurance policy contains a vacancy clause which limits coverage for buildings that become vacant during an insurance policy term. Typically, if a building has been vacant for 60 or more days before a loss occurs, there will not be coverage for … Continue reading

August 15, 2017

The Voice on the Other End of the Line: VAST’s Emergency Claims Phone

It’s 7 PM on a Saturday and you discover a major leak in your roof following a storm.  After taking care of the immediate needs of the situation, can you call your insurance agency at this time of day and week to notify them of the damage?  If you’re a client of VAST’s, the answer is YES! Other insurance agencies may be only available to take information on a claim during regular business days and hours.  VAST has an option for our clients, who have an after-hours emergency to call and receive help. Our job is to advise you to … Continue reading

July 25, 2017

Drones In Business

Chances are you have seen or used a drone at some point. Drone usage is on the rise and is expected to continue to climb.  If you use a drone in your business, you could be at risk. A drone is an unmanned aircraft system (UAS) and most insurance policies exclude them at this point in time. Drones are a new exposure that most insurance companies are still trying to figure out how to handle. If you use a drone in your business, let your insurance agent know, as some carriers are able to remove the exclusion of coverage. Otherwise, … Continue reading

National healthcare open enrollment starts November 1, 2017 and ends December 15, 2017.

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