Professional Liability Pitfalls; What’s in a Policy?

Posted on by

Professional liability (also known as “malpractice” or “errors & omissions”) insurance covers you and your business against lawsuits arising out of your professional services. While this coverage is readily available, not all policies are created equal. In order to provide adequate coverage, a policy must be designed to cover the unique operations of an aesthetic or spa business.

This special type of insurance coverage can Continue reading →

Property Insurance

Posted on by

Property insurance is an important but often overlooked component of your total insurance package. Whether you are a business owner or independent contractor, it is likely that you have made a considerable financial investment in furnishings, equipment, supplies, and inventory. The following discussion of insurable interests, property valuation, coverage forms, and deductibles will help you to understand the process of and coverage provided by a property insurance policy.

When purchasing property insurance, you must have Continue reading →

What to Look for in Insurance

Posted on by

Few things in life are as risky as launching and running your own small business, or expanding your existing business. There is always the possibility that you could be involved in a lawsuit brought by an in-dividual who has suffered an injury and will seek to attribute the injury to negligence on your part.

Major parts of the risk of any business are liability to others and the loss of critical equipment. Either incident could cause a loss of income that could force you to close you doors. Insurance allows you to transfer these risks to the insurance company–offering you protection and security!

My clients often ask me how soon should I purchase insurance?” Continue reading →

Privacy Statement

Posted on by

Your privacy is a priority for Marine Agency Corporation and the insurance carriers we represent. We value the relationship we have with our policyholders and understand that you trust us with personal information about yourself, your belongings, your family, and your business enterprises. We are committed to ensuring that your personal information is used in an appropriate manner. We do not sell personal information to anyone and do not share your customer information with others, except as permitted by law.

This Privacy Statement applies to our current and former customers who obtain our personal, family, household, or business insurance products, as well as claimants and beneficiaries of those products. Personal information means information that identifies you personally and does not include information that we can get from a public source. We promise to protect your personal information by following the procedures described in this Privacy Statement. Please read the following information to learn more about how we collect, share and protect your personal information.

Information We Collect

We collect personal information about you to completed transactions you initiate, service and manage your account, and inform you about our products and services. We collect personal information about you from the following sources:

Information you provide on applications, other forms, or by phone. This may include information such as your name, address, and social security (or federal employer identification number).

Information regarding transactions with us, such as your payment history, policy coverage, and claims history.

Information we receive from consumer reporting agencies and other outside sources, such as motor vehicle reports, credit history reports, and lien/leasehold reports.

How We Use Your Personal Information

We do not share your personal information with anyone except as permitted by law. We do not sell your personal information to third parties. We do not give your personal information to third parties for any type of promotional or marketing purposes not related to Marine Agency Corporation.

We may share your personal information related to your transactions and experience with us with the insurance carriers we represent to better market and serve your insurance needs.

We may also share your personal information with parties other than the insurance carriers we represent, such as your insurance agent or broker, who help us service your policy, settle claims, process your payments, properly rate your policy and provide additional information to you about our insurance products.

Whenever we share your personal information with these other parties, we will protect your privacy with a confidentiality agreement that limits the use of your information to the service requested and requires consistency with this Privacy Statement.

How We Safeguard Your Personal Information

We maintain physical, electronic, and procedural safeguards to protect your personal information. We limit access to your personal information to employees and others with a valid business need for the information. We hold our employees responsible for upholding our privacy standards.

Updates and Feedback to This Privacy Statement

If we need to amend this Privacy Statement in the future, we will note the date of revision at the bottom of the page. If we make any substantial changes in the way we use your personal information, we will notify you and provide additional instructions as necessary.

Please note that this statement is only a summary of our privacy practices and not a request for information or validation from you. It is not necessary for you to “opt out” or respond to us.

If you have further comments about this statement you may address your comments to us via the “contact us” page or in writing to Privacy Statement, Marine Agency Corporation, 191 Maplewood Avenue, Maplewood NJ 07040.

Effective Date: June 30, 2001

Thank you for choosing Marine Agency Corporation for your insurance needs. We look forward to continuing to serve you – whether it is your home, your auto, your personal or business information. If you should ever decide to end your relationship with us, we will adhere to the policies and practices as outlined in this Privacy Statement

Shopping for Insurance?

Posted on by

When purchasing insurance for your business, it is important to come to the table fully prepared. This is an important financial decision that could potentially preserve or destroy the business you have worked so hard to establish.

From whom will you purchase the policy? What is their experience related to your industry? Are they licensed to sell insurance in your state? Continue reading →

Terms of Service

Posted on by

Any offer of coverage or quotation contained herein or on any subsidiary website is subject to underwriting review and any applicable state rules or limitations.

Binding of coverage is not final until received and approved by Marine Agency and its insurance carriers.  Electronic binding of coverage is not automatic.  Payment of premium alone does not constitute an agreement to bind coverage.

Quotations offered describe the coverages, terms, and conditions offered by the company. Please review them carefully as they may differ from the expiring policy or from the specifications requested in the submission.

If there is any conflict between the coverage descriptions shown in a quotation and the actual insurance policy, the insurance policy will prevail and supersede the quotation.