October 8, 2013
AgencyDEALING WITH CYBEREXTORTION
While it may not be on every business executive’s list of potential threats, cyberextortion is a growing problem for any company with computerized information. This type of crime usually involves a data breach that extortionists use to gain the leverage needed to demand ransom. While business owners may think that cyberliability policies adequately protect […]
October 8, 2013
AgencyFACING LONG-TERM CARE REALITY
According to a recent poll examining the issue of how people over the age of forty are preparing for old age, most seem to vastly underestimate their need for long-term care. Three out of ten people polled indicated that they would rather not even think about old age. Only 25 percent revealed that they […]
October 8, 2013
AgencyDO YOU HAVE AN EXIT PLAN?
When it comes to homeowners insurance, if there’s one thing more important than having sufficient coverage, it’s being sure that you and your family will survive any calamity large enough to prompt a benefits payout. With this in mind, you should develop an evacuation plan that begins with egress down stairs and through open windows […]
October 8, 2013
AgencyBUSINESS AS USUAL?
With the plethora of natural disasters that have struck the United States in recent years, business owners must face the very real possibility that a tornado, hurricane, wildfire, or other calamity might wreak havoc on their businesses. Thus, it is important to make sure that businesses are properly valued. However, many business owners are […]
October 8, 2013
AgencyNAVIGATING BOAT INSURANCE
While some boaters may see adding an endorsement to an existing homeowners policy as an easy and inexpensive way to insure a boat, these endorsements usually do not provide the necessary coverage. Many boats need liability and property coverage that these endorsements do not provide, such as liability coverage for boats moored in marinas or […]
September 13, 2013
AgencyTYPES OF HOMEOWNERS INSURANCE
When purchasing homeowners insurance, consumers should be aware that there are different types. The least expensive, HO-2, covers only named perils. If a peril is not listed, insurance does not cover it. HO-3 includes “open perils protection,” which means that it covers all direct physical losses to the home and lists specific exclusions. […]
September 13, 2013
AgencyEQUIPMENT BREAKDOWN INSURANCE
Business property insurance may cover a wide range of perils, but it does not pay for equipment failure and any resulting losses. Equipment and mechanical breakdowns have been excluded by commercial property policies since the time when steam boiler explosions were commonplace. However, after eliminating these risks from the standard policies, the […]
September 13, 2013
AgencyARE YOU FINANCIALLY PREPARED FOR DISABILITY?
Even though the chances of disability occurring are at least three to five times greater than death, most people are more prepared financially to die than to become disabled. The fact is that more than 375,000 Americans become totally disabled each year, and about eight million adults have some disability that limits […]
September 13, 2013
AgencyA BETTER WAY TO CLOSE THE GAP?
“Guaranteed Auto Protection” (or GAP) insurance covers the difference between the amount that is owed on a vehicle and what the auto insurance provider will pay if the vehicle is totaled. Depending on the length of the term of the loan and the down payment amount, GAP coverage costs several hundred dollars. Interest […]
July 31, 2013
AgencyNEW LONG-TERM CARE HYBRIDS
As insurers endeavor to make long-term care policies more affordable, some are developing new products that combine long-term care insurance with life insurance. These life insurance hybrids require an investment in a lump sum or payment of premiums for ten years, after which the insured receives either long-term care payouts or their heirs […]