From the category archives: Insurance Protection Blog

Business Insurance

One of the best Business Insurance Policies, that many Businesses Owners May Not Know About.

post image It happens more than you would imagine, and the phone call is enough to make your heart race. An alarm has been triggered at your business and the firetrucks and police on their way.  Or a water main has broken, or a wind storm has done damage to the roof.Fire, Flood, Wind, all the things that insurance was designed to protect your business from. Once the disaster occurs, your insurance policy will kick into action and claims will be filed, remediation and restoration will commence. But what happens when you cannot get your business back up and running quickly? What if the situation is out of your control, and it will take weeks before you can open your doors and welcome clients and customers again? How do you keep your staff members from departing, your bottom line solid, your bills paid and your business still floating (when depending on the source, 25% to 40% of all businesses that experience this kind of loss, close permanently?)  BUSINESS INTERRUPTION INSURANCE:  ...
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Yep, that was a Tornado.

post image Saturday evening Feb 25th, at approximately 5:30pm, a line of storms raged through Northern Pennsylvania and swept into the Hudson Valley. After an almost uncomfortably warm series of days, this cold front came though bringing with it hail, high winds and a tornado! A weather service team says the tornado in the Pittston Township area of Luzerne County, PA will be classified as an EF-2 with wind speeds of 120 mph. David Elmore, deputy coordinator of the Luzerne County Emergency Management Agency, said about 30 homes were damaged, six seriously, in Pittston. Most people who reside in the New York Tri-State area are always a bit shocked when they hear of a tornado touching down in their backyards. Many seem to believe that tornados are simply a problem of “The Plains” …  residing in the flat Mid-West or Southern States. According to data from NOAA's Storm Prediction Center, during January, there were 138 preliminary tornado reports. This is almost four times greater than ...
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Oh no. Where did all of my clients information go?!?

post image I find it fascinating … I have been immersed in the insurance industry for close to 30 years now. I serve on industry boards, I speak at conferences and my clients consist of businessmen from Fortune 500 companies to the Mom and Pop shop down from our Corporate Headquarters. I have sat with entrepreneurs that are just beginning in the world of small business, to executives who have 40 years in their chosen industry. They often inquire as to my opinion on insurance for their company and I am happy to give them advice and recommendations. But it is simply fascinating to me that often when I mention Cyber-Security Insurance, businessmen that I am speaking to, often look at me with confusion, unsureness and complete doubt. It seems to me, that many business people, I talk to, are under the false impression that: *We are too large to have any security issues – Our company has invested into the most sophisticated firewalls and blocking mechanisms currently available for our information system ...
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Workplace accidents occur in a fraction of a second.

post image It happens in less than a second. One moment an employee is on the job, working hard, smiling and looking forward to the weekend. The next moment, he is sprawled out on the floor, grabbing his knee, unable to get up, his leg bent at a peculiar angle. The receptionist picks up the phone, calls 911 and you can hear the sound of a siren in the distance. On the job/work place injuries and accidents happen in less than an instant, but can have long lasting effects and huge financial impacts. Workers' Compensation insurance is legally required in most states as long as your business has a single employee. It covers medical and disability expenses related to work-related sicknesses and on-the-job injuries.  Employers' liability coverage, which is an aspect of most worker’s comp policies, protects your company in case of litigation, by paying legal fees and any awarded settlements should an employee sue you, claiming that an illness or injury was caused by your company's negligence or failure to provide ...
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You Should Not Hire a Single Staff Member Until You Look Into This Important Buiness Coverage.

post image There was a time when insurance was purchased by clients to protect themselves from disasters, misfortune, and catastrophe from nature, accidents and irresponsibility.  But insurance has evolved and expanded over the years due to the fact that, society has become extremely litigious. People will sue for the craziest things, and often businesses and employers are targeted from their own employees. Whether the circumstances are due to a rise in unemployment, companies down-sizing, a struggling economy or the belief that “I am not hurting the business, because the insurance company pays,” employee suits against business owners have risen dramatically over the last 10 years with an increase of over 13%. And although all the lawyers that I deal with personally and professionally are responsible and conscientious, there are those that know all about liability and how to work the insurance system for financial gain. In the last few years, I have heard numerous stories of “my employees ...
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Warwick Resource Group: Half of the things we are proud of; our clients never know about….

post image Unfortunately, many times, when you read headlines about the topic of  "insurance',  the articles are often told with a negative slant. Hurricane Sandy, health insurance woes, floods and fires ...  these stories are accompanied by the downside:  claims not paid, premiums jacked up, confusion as to what polices do and do not cover. If you Google "Insurance Headlines", the top hits can often be unfavorable. But as with most news stories, you never get to hear about the upside, the positive, the “good.” I want to share with you some of the success stories of my business and my agency in 2015 …  What we are “proud of”. Because honestly, most of the daily occurrences that give us the greatest satisfaction and pride, most policyholders will never hear about. Our Forward Thinking, Truly Caring, Always Concerned, Attitude Towards Our Clients – The average retention/attrition rate of an agency the size of Warwick Resource Group is 370 lost personal l ...
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Beginning a Home-Based Business? Here is something you need to know.

post image Recently an article in the local newspaper featured a story about a senior citizen that teaches piano lessons out of her home. She has been doing so for over 50 years, and hundreds of students have sat at her piano, learning pieces from “Chopsticks” to Ravel’s “Gaspard de la Nuit.” After reading the piece, I decided that “Home-Based Businesses” are a good topic for my blog.  In the current economy, many single parents, senior citizens and stay at home moms are choosing to become entrepreneurs. Home-based – child care, tutors, piano teachers, pet sitters, bakers, dance instructors and hair studios are popping up all around my town. I think it is fantastic, as many great enterprises from Apple Computer to Harley-Davidson began in garages and basements. The downside, is that there is often a misconception that everything that happens under your roof is covered by Homeowners Insurance. Liability, equipment and theft are generally all covered under your H ...
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7 Simple Insurance Tips from a Long Time "Seasoned" Insurance Professional

post image Everyone is rushed. Each day people are constantly fighting the clock and dashing through their day, crossing chores off of their checklist and scrambling to get things done. The problem with the modern speed of life, is that every responsibility is not created equal. Consumers can sometimes equate purchasing insurance with signing up for cable service or making an appointment for the dog groomer. I call it the “One and Done” mindset. Purchasing insurance, whether for personal use (auto, home, life, umbrella, flood) or business requires much more than filling out a simple application and clicking “YES”. It is not a “one size fits all” proposition. In my 30 plus years in the industry, I have experienced consumers who have told me stories of bad decisions that they have made when it came to purchasing insurance. So I thought this might be a good opportunity to give you some advice from a longtime “seasoned” insurance advocate. TO GET THE BEST COVERAGE YOU N ...
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Before You Let A Contractor Hammer A Single Nail ....

When the weather turns warmer and summer arrives, homeowners naturally begin thinking of home improvements … an extra bedroom, a two-car garage, and a sunroom. But a big dream can become an exhausting nightmare if you do not do your homework first.  Before you allow anyone onto your property or hire someone to hammer a nail, the smartest advice an insurance agent can tell you is, take the time to do some preliminary investigating. A good friend began a major renovation on a historic home. He hired a contractor based on a referral and began discussing the scope of the project.  One element that was included in the restoration was the replacement of the homes multitude of custom windows. Eighteen semi-custom Kolbe windows were ordered for the home at a price of almost $30,000. At the end of the contractor’s workday, the supplier arrived  to deliver the windows. One of the workers on the job site, instructed the deliveryman to stack the windows on the side of the house until the n ...
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Cyber-Crime: "Privacy is not for the passive."

Privacy is not for the passive. — Jeffrey Rosen. If you Google the term “Cyber Liability” you will receive 1,060,000 results in less than a second. Millions of websites, news, videos and even political cartoons and comics, show businessman swimming in a sea of terminology and double-talk.  It is not just the “everyman” that is searching for clarity. From corporate C.E.O.’s to Main Street Business owners all are digesting misinformation and seeking someone who helps them …  simply understand. And then provide the answers.  We are here for you … CYBER-LIABILITY What is Cyber Liability Insurance? This type of policy deals with risks associated with the capturing and keeping of customer information. (Specifically e-business and commerce, the Internet, networks, informational assets.) What does Cyber Liability Insurance do? It covers and protects you against vulnerability and exposures arising out of Internet and Point ...
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