Small Orlando Manufacturers Could Be Industry’s Future

Small Orlando Manufacturers Could Be Industry's FutureAccording to recent reports, the U.S. Department of Commerce (DOC) says that the future of American manufacturing lies in the hands of small businesses. The department’s recently released Supply Chain Innovation: Strengthening American’s Small Manufacturers report identifies potential barriers and solutions for manufacturing growth both in the U.S. and abroad. The report indicates that small businesses could offer more innovative solutions for manufacturing growth. DOC officials are calling for improved collaboration between the government and larger corporations to help aid small businesses in the pursuit of new innovation.

Accounting for nearly half of all American manufacturers, small firms play an increasingly important role in U.S. manufacturing industry. Data indicates that the U.S. has added 877,000 jobs since February 2010, many of which have been created by new small and medium sized operations. However, the industry wide employment growth continues to struggle. Federal data indicates that from 1960 to 2000 Americans held between 15 to 17 million jobs in manufacturing, but in 2000 and 2001 workers lost roughly one-third of those jobs, and the industry has been s low to recover ever since.

According to the DOC’s assessment, small firms face barriers to innovation with lack of access to adequate funding and little ability to test their research and product development. As such, small firms are reportedly 60 percent less productive than their larger peers. However, these small firms often yield the most significant breakthroughs in technological and product development. The report acknowledges that small firms more often develop cutting edge processes for advanced materials like carbon fiber and lightweight metals, new sensors and digital controls.

The report asserts that the government can play a bigger role in improving supply chain efficiencies by building more networks nationwide. Their primary goal is to help improve access to resources needed for innovation and discussion about common problems and opportunities. The DOC proposed funding such projects with a mixture of government and private sector funds.

Manufacturers play a significant role in local, state and federal economic success. As such, it is vital that Orlando manufacturers take the proper precautions when it comes to protecting their physical and intellectual property, employees and other assets. At Newman Crane, we specialize in helping Orlando manufacturers large and small find the Florida business insurance solutions they need. To learn how our Orlando Insurance Agency can help your operation, contact us today (407) 859-3691.

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Do Orlando Businesses Need Commercial Auto Insurance?

Do Orlando Businesses Need Commercial Auto Insurance?Many Orlando operations mistakenly believe that a basic Business Owner’s Policy (BOP) or general business property insurance policy will cover all their assets. In reality, there are a number of limits to the types of property these policies are designed to protect. For example, neither a BOP nor a commercial property insurance policie will protect business vehicles, their owner or their operators. Instead, Orlando business owners must secure additional business auto insurance coverage from their Orlando insurance agencies.

Orlando business auto policies are similarly structured to a personal insurance policy, however there are often more parties involved. As with Orlando car insurance, a business auto policy will offer financial protection to the policy holder and endorsed drivers in the event of an accident. Florida law requires that vehicle owners secure liability insurance for bodily injury and property damage that may result from a vehicle accident. State laws also require motorists cary Personal Injury Protection (PIP) coverage which is designed to cover medical expenses. With a business auto policy, this coverage can be extended to employees of an organization utilizing the vehicle for business purposes or on business time. Business auto policies can also be secured for business owned, rented, leased or hired vehicles.

Your operation’s commercial auto insurance needs will fluctuate depending on the number of vehicle your operations utilizes. Each vehicle you use in your business can be separately listed on your business auto policy. This afford’s business officials the opportunity to choose different coverage inclusions and limits for each vehicle. These needs will be determined by each vehicle’s role in the business, as well as its characteristics, value, ownership status and many other factors.

When it comes to breaking down your business’s insurance needs, it helps to have a knowledgeable advisor on your side. At Newman Crane, we specialize in helping Central Florida businesses find the commercial insurance solutions they need. Our commercial auto insurance specialists can help find the products necessity to cover all company vehicles including autos, vans, and trucks against liability and physical damage risks. To learn more about our operation and our offerings, contact us today at (407) 859-3691.

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Why Do Employers Need Orlando EPL Insurance?

Why Do Employers Need Orlando EPL Insurance?All employers need Employment Practices Liability (EPL)insurance coverage, yet far too many employers fail to secure this vital protection. Employment related lawsuits are on the rise, from wage and hour disputes to sexual harassment and wrongful termination. As a business owner today, the possibility that you will be sued at one time or another by an employee is very real. Some of the most common allegations against employers were acts of discrimination, wrongful retaliation and wage disputes.

Last year the U.S. Equal Employment Opportunity Commission (EEOC) received 88,778 charges of employment discrimination. Eight and a half percent of those claims, or 7, 528 claims total, were reported in the state of Florida alone. All together, last year the EEOC recovered $318,600,000 in from private sector and governmental employers through the pursuit of non-compliance with fair labor and employment regulations. According to EEOC data, a record high of 42.8 percent of all those claims were allegations of wrongful employer retaliation.

The EEOC currently recognizes and enforced legislation designed to prohibit twelve different types of discrimination within the workplaces. These types of discrimination include discrimination based on personal factors such as age, disability, genetic information, sex, religion, race/color, national origin and in some cases sexual preference and gender identity. Employees can also pursue allegations of employment discrimination based on unequal pay or compensation, pregnancy and family status, sexual harassment, unfounded retaliation or termination and other types of harassment or bullying.

When charged with allegations of employment discrimination or other wrongful employment practices, whether founded or not, Florida employers face harsh financial repercussions, investigation, and lengthy legal battles. Orlando EPL insurance is designed to help employers protect their assets and minimize out of pocket expenses. At Newman Crane, our Orlando insurance agents can help you protect your operation by securing the business insurance you need. We proudly offer a complete suite of Orlando business insurance solutions to help business owners navigate the hazards of operation. We can help ensure that your operation is protected from many common and specialty claims and liability exposures. To learn more about our operation and our offerings, contact us today at (407) 859-3691.

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Orlando Construction Industry Still Lags in Strong Economy

Orlando Construction Industry Still Lags in Strong Economy

Business Insider recently compiled a ranking of the 50 states and their economic strength. According to their ranking structure, Florida’s economy ranks 7th in the nation based on recent change in housing prices, non-farm payroll job growth, unemployment rate, GDP per capita, average weekly wage, and state government surplus and deficit. More impressively, Florida’s non-farm payrolls grew by 3 percent over the last year, which was the fifth-highest growth rate in the country.

According to reports, over the past year, California, Texas and Florida saw the biggest increases in raw numbers of construction jobs. Recent Bureau of Labor Statistics (BLS) reports indicate that construction has shown more substantial job growth in Metro Orlando than any other area of employment during the past year. Reports indicate that the construction industry grew at three times the rate of job growth as the overall Orlando economy. Data shows that by December 2014, the construction industry filled more than 60,100 jobs in the Orlando area, up 12.3 percent from the previous year. While overall employment for Orange, Seminole, Lake and Osceola counties was up just 4.3 percent during that same time.

However, even with such encouraging growth, the construction industry still lags behind most other industries in terms of the number of positions available and filled in the Orlando region. For instance, the leisure-and-hospitality industry, one of Orlando’s most prolific industry sectors, employs more than three times the number of workers than the construction industry.

During the recession, construction was one of the hardest hit industries. In 2010, the industry’s unemployment rates hit 20.6 percent, which meant that roughly one fifth of contractors and construction professionals were unemployed. Last year the annual unemployment rate of Orlando construction industry members was don to 9.8 percent, which is still notably higher than the national average of 6.2 percent. While the construction industry continues to make great strides, many professionals are still searching for work outside their specialty or niche.

As the Orlando construction industry continues to rebound, it is important that contractors and construction firms have a strong risk management plan to help them weather the economic tides. At Newman Crane, we specialize in helping Central Florida Contractors craft flexible and affordable business insurance and risk management programs. We are an insurance agency Orlando contractors can trust to provide quality products, services and guidance. To learn more about our operation and all of our insurance solutions, contact us today at (407) 859-3691.

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Time Change Could Increase Orlando Car Insurance Claims

Time Change Could Increase Orlando Car Insurance ClaimsThe media seems to be in a frenzy over recent time change. News outlets have been quick to point out other flaws in the daylight savings system. For example Forbes noted that a 2014 study published in the Journal of Economic Behavior & Organization, found that Daylight Saving Time might actually be increasing energy consumption rather than reducing energy use as designed. Other headlines claim that daylight savings could be pointless and even deadly.

Could daylight savings actually be dangerous?

The answer is more complex that it may initially seem. While the claim might seem slightly extreme, consider the fact that drowsiness, disorientation, fatigue and other complications which evolve from lack of sleep are some of the largest contributors to auto accidents, workplace accidents and other fatal mistakes. According to a study published in the Journal of Applied Psychology, Most Americans experience an average sleep loss of about 40 min due to time changes from daylight savings. This means that millions of Americans, and nearly a billion and a half people around the globe, will experience some level of exposure to sleep interruption, loss or shortage due to daylight savings time. Since sleep is important for maintaining the body’s daily performance levels, many individuals end up feeling groggy, disoriented, sluggish and over all slightly impaired when their normal sleep patterns are interrupted. This in turn can impact driving abilities and work performance and increase the risk of an accident or injury in the days that follow daylight savings time change.

Both the US Center for Disease Control (CDC) and the National Highway Traffic Safety Administration warn that lack of sleep significantly affects your ability to drive safely, even if you don’t fall asleep at the wheel. According to a CDC study, 4.2% of nearly 150,000 adult drivers across 19 states reported that they had fallen asleep while driving at least once in the previous 30 days before the study. Further research indicates that drowsiness makes drivers less attentive, reduces reaction times, and affects a driver’s ability to make decisions. Some experts have even suggests that drowsy driving is vastly more dangerous that drunk driving because Americans are far more likely to do it regularly.While daylight savings time might result in more Florida motorists driving while drowsy and more workers trekking through their daily duties slightly more distracted and disoriented, the extent of the effects of the time change greatly very from person to person.

When it comes to staying safe out on the road, it is important that Florida drivers get as much rest a possible at all times before operating their vehicles. But even the safest driving practices aren’t always enough to prevent an accident, which is why finding the cheap car insurance Orlando drivers need, that still provides the quality they deserve is vital. The Orlando car insurance experts at Newman Crane can help your secure the coverage you need at prices you can afford. To learn more about our operation and all of our personal insurance solutions, contact us today at (407) 859-3691.

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Orlando Car Insurance: Which Fuel is Right for You?

Orlando Car Insurance Which Fuel is Right for You?

Purchasing a vehicle can be a huge investment for many Floridians, so it’s important to make informed decisions. Many new car buyers are looking to balance affordability with sustainability, style and durability. For example, whether you looking for a luxury sedan car or a simple economic compact, fuel economy and environmental impact are probably on your list of top things to consider. But the conundrum for many consumers is what type of engine is the right choice for their driving needs and style. Like finding cheap auto insurance in Orlando FL, choosing the right vehicles takes diligence, research and investigation into your options as a consumer.

Which fuel source is right for you, and how do you choose?

If fuel economy and environmental impact are two of your top priorities, this debate can be quite a problem. Because, fuel consumption is directly linked to engine types, determining what type of fuel source you are interested in using will correspond to the type of engine you will need in a vehicle. In turn, engine type can greatly determine the types and classes of vehicles you have to pick from on the consumer market.

For Orlando drivers, choosing the type of engine you want depends largely on the type of performance you would like out of your vehicle, how much you will be driving, and in what capacity your vehicle will be used. While auto experts traditionally suggest that the rule of thumb is to choose a gasoline powered engine if you’re a low-mileage driver, hybrid vehicle for city driving, and diesel motor for high-mileage highway driving, this rule is more performance oriented and fails to account for personal taste.

ExtremeTech, a technology centered consumer resource, suggest that the mainstream gasoline engine is still the best choice for most motorists who drive less than 7500 miles a year because the amount consumers would save on fuel by purchasing a hybrid or diesel vehicle would not outweigh the cost of those vehicles. The go on to point out however, that for hybrid vehicles can actually be extremely beneficial to motorists who frequently encounter heavy traffic on their daily commute, as many Orlando resident do.

Whatever vehicle you choose, securing the right Orlando car insurance coverage will be invaluable. The Orlando car insurance experts at Newman Crane can help your secure the coverage you need at prices you can afford. To learn more about our operation and all of our personal insurance solutions, contact us today at (407) 859-3691.

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