Motorcycle Safety Tips

MF motorcycle 2People who ride motorcycles are far more likely to get into accidents and far more likely to get hurt than those who drive cars. According to The US Highway Safety Authority, in 2009, 20.2 cars out of 100,000 ended up in fatal crashes; the rate for motorcycles is 66.7 per 100,000.

Motorcycle Insurance

Having motorcycle insurance should be one of the most important parts of your insurance plan. Motorcycle insurance can cover your liability, injury to other and damage to your motorcycle.

Don’t sell your motorcycle, just keep safety in mind. Here are a few ideas to make your riding safe and enjoyable. Before you hit the road complete a safety check:

-Check lights and brakes

-Check fuel levels

-Make sure mirrors are adjusted to your level

-Follow speed limits

-Don’t drive impaired

-Don’t weave through traffic

-Brake smart

Did you know that 47% of all motorcycle crashes occur at intersections? Or, that on average, three motorcyclists are killed every day in the U.S. as a result of multi-vehicle crashes at intersections? So, be very alert when approaching and driving through intersections.

A motorcycle rider not wearing a helmet is 40% more likely to sustain a fatal head injury in a crash than a rider with a helmet. When cars and motorcycles collide, it is usually because the driver of the car never saw the motorcyclist. With more and bigger cars on the road, you need to take extra steps to become more visible.

 

These Issues Are Reshaping Your Business & Insurance Program

Last month a driverless car drove from San Francisco to New York. See Article. The future is now, and if you want your business to compete over the next few years you may want to pay attention to the following topics. There are a number of factors that will affect the business of insurance in the near future.

Technology

Our world has gone digital. Technology has changed the way you relate with your customers. Have you invested in the right technology, and do you have it insured?

Cyber Liability

With the growth of technology, we can now access and store data from our cars, homes and while on the go. This creates a real need to have effective data security, the most up to date protection, and policies and procedures for use and storage. Part of cyber management includes having a cyber-liability policy for your business.

The Next Generation of Leaders

Millennials will lead the next generation in the workforce. Is your business prepared?  Millennials like to live and work in the same community, use public transportation and work from home.

Energy Prices

As the price of oil drops it has become more economical to deliver goods and services.  However, there are more auto accidents as a result.

Employment Liability

If you have employees, you are exposed to potential employment liability claims. Employees know their rights, and it is time for all employers to become more informed about how to protect their companies. An EPLI policy covers claims made against directors, officers, employees, the company and its subsidiaries.

How To Reduce Workers’ Compensation Costs

Workers’ Compensation Defined

Workers’ Compensation is coverage purchased by the employer that provides insurance if employees are injured while on the job. Most states require that employers purchase the insurance on behalf of their employees.

Workers’ compensation costs can make up a large portion of business operating costs. It is beneficial for employers to find methods of reducing both the direct and indirect costs associated with workers’ compensation.

Workers’ Compensation Cost Reduction Methods

Using an independent agent who can help you market your workers’ compensation program is a good way to keep premiums competitive.

Selecting the right carrier. Not all insurance companies are created equal. Does the carrier have experienced loss control and claims professionals? Low rates can mean the insurer does not have quality support; and if the claim goes bad due to lack of supervision, you will end up paying more in the long run.

Does your company have an up to date safety and return to work program? This is critical in the management of the injury and post-accident process. Getting injured workers back to work as soon as medically possible is very important and can reduce indemnity costs.

Provide ongoing staff training. Keeping all employees informed and part of the process will make them feel invested in the long term benefits of your safety program.

The small amount of money you spend on these items will have a positive impact on your overall costs.

 

 

Why Auto Insurance May Be The Most Important Financial Decision You Make

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Auto Insurance Facts

According to the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), there are five leading factors involved in auto accidents.

Drunk Driving: Crashes caused by drivers under the influence of alcohol (DUI) accounted for 18 percent of the total economic loss due to motor vehicle crashes. DUI crashes also cost the nation $49 billion dollars, an average cost of $158 dollars for every person in the U.S.  Including lost quality of life, these crashes were responsible for $199 billion dollars, or 23 percent of the overall societal harm caused by motor vehicle crashes.

Speeding: Crashes involving a speeding vehicle traveling over the posted speed limit, or too fast for conditions, accounted for 21 percent of the total economic loss and cost the nation $59 billion dollars in 2013.  This is an average cost of $191 dollars for every person in the U.S.

Distraction: Crashes involving a distracted driver accounted for 17 percent of the total economic loss and cost the nation $46 billion dollars in 2013.

Pedestrians and Bicyclists: Crashes involving pedestrians and bicyclists accounted for 7 percent of the total economic loss and cost the nation $19 billion dollars in 2013.

Seatbelts: Seatbelt use prevented $69 billion dollars in medical care, lost productivity, and other injury related costs. Conversely, preventable fatalities and injuries to unbelted occupants accounted for 5 percent of the total economic loss and cost the nation $14 billion dollars in 2013.

Auto Insurance Coverage

Having the right kind of auto insurance can protect you from serious financial loss.

Auto liability

Auto physical damage & collision

Uninsured motorist

Personal injury protection

Auto medical payments

 

Personal Insurance Has Changed Over The Years

Has your perspective on personal insurance changed to fit the times?

The personal insurance needs of our society have evolved over the years. It is interesting to look back to see what has changed in the world of safety and insurance. As you think about these personal insurance issues, also think about how your insurance may respond today.

Here are a few examples of how safety, liability and personal insurance have changed in our society through the years.

20 years ago, it seemed normal for dogs to have total freedom in the neighborhood. Now leash laws prohibit that. This has reduced the number of dog bite claims.

Many people can remember when we used to hold babies in our laps in the front seat of the car while we were driving!  Fortunately, we now have car seats to protect our little ones.

Do you remember how every office used to be filled with second hand smoke? Now we have workplace regulations that protect employees from smoke-polluted air.

Do you remember “party lines”? We shared home phone lines with our neighbors. We often would pick up the phone and hear Mr. Smith talking to his daughter. Privacy laws would not allow that now!

Smoking in public was common 20 years ago. Now, through education and medical research we all understand the effects of second hand smoke.

Drinking and driving – Believe it or not, there was a time when a person could leave a party buzzed or drunk and no one would think twice. Thankfully, laws and education have helped us understand the personal liability issues around driving while impaired.

Cell phones – When mobile phones first came out, everyone was driving and talking on their phones. It seemed normal until we learned how distracted driving is like driving drunk.

Auto insurance – The number of uninsured drivers has been reduced since most states now require proof of auto insurance. However, in some state there are still 30% of drivers without auto insurance.

Smoke detectors – In the 70’s, the way we knew our home was on fire was to see the flames. With the introduction of smoke and fire prevention, we have reduced deaths form home fires.

Personal insurance needs change with the times, and the insurance we offer changes to meet your individual needs.

 

Insure Your Georgetown, TX Home For Less?

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How To Save On Your Georgetown, TX  Homeowner’s Insurance

Homeowner’s insurance typically covers you against fire, theft and other damage to your home and personal property. Georgetown, TX Homeowner’s insurance also covers your liability in case someone gets inured on your property. Everyone likes to save money on their homeowner’s insurance. But many people assume that saving money equals less coverage.  That is not so.  Here are some simple things that you can do to save money on your homeowner’s insurance without compromising coverage.

Homeowners insurance Savings

Stop smoking. There are over 8,000 smoking related fires every year in the U.S.

Fix the plumbing, roof, or wiring. If you live in an older home, updating these items can reduce your premiums and improve the value of your home.

Do not put in that pool. Having a pool can be fun, but it increases your personal liability and homeowner’s premiums.

Install a home security system. Home security systems can reduce your premiums and add value to your home.

Increase your deductible. Did you know most people never have a homeowner’s insurance claim?  Why not increase your deductible and save money!

Let us shop the market for you. We have access to many markets that can offer competitive homeowner’s insurance premiums.

Many insurers give locality discounts.

The Shocking News….Most People Do Not Have Enough Life Insurance

Why Consider Georgetown, TX  Life Insurance

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According to the latest information, most people in  Georgetown, TX  do not have enough life insurance. Only 6 out of 10 people have even considered life insurance, and many who do have life insurance don’t think they have enough. 70% of households with children say they are just barley meeting needs. But what would happen to those families if income was lost due to the death of a spouse?

Over 80% of people over-estimate the cost of life insurance. In reality, life insurance is very affordable and provides your family with financial peace of mind upon your passing.

Benefits of Georgetown, TX Life Insurance

Payment on Debt – If you have any outstanding debt (like a mortgage) at the time of your death, it does not go away. Your estate will still be responsible to settle all accounts.

Continuation of Income – Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish, and there’s a very good chance that your family will experience a lower standard of living.

Unpaid Medical Expenses – It is highly likely that you will have medical expenses prior to your death; some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are well taken care of.

Funeral Expenses – Most people don’t plan, or fund, their funeral expenses; again life insurance is there to help.

If a business owner has family members who depend on the income from a business, which might not continue if he or she were suddenly gone, the proceeds from company-owned life insurance could help replace the lost income and help protect the family’s quality of life while they adjust and move on.

Source: LIMRA’s Life Insurance Barometer Study 2013

 

 

The Latest Trends In Auto Liability

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Why You Need Texas Auto Insurance

Ok, we all know driving can be dangerous, but here are the latest statistics from the auto insurance carriers. You buy Texas auto insurance to protect yourself and or your business when you have an accident or claim.  When something bad happens you want your Texas auto insurance company to respond. When it comes to auto insurance, knowledge is power.

1. Here are some facts to help educate you about auto insurance.

2. Motorcycle accidents have increased over the past five years.

3. Auto fatalities are up 3.3%.

4. Distracted drivers cause 1 in 4 accidents.

5. Every day 1,000 people are injured by distracted drivers.

6. 900 people a year die, and nearly 2,000 are injured, as a result of vehicles running red lights.

7. Cell phone usage caused 21% of all fatal accidents.

8. Medical costs have risen over 4% in the last year.

9. The average auto liability claim for property damage was $3,073.

10. The average auto liability claim for bodily injury was $14,653.

Auto Insurance

Your auto insurance program should have the following:

Auto Liability – Bodily Injury Liability Coverage pays for medical damages and funeral expenses for any people injured or killed in an accident for which you were responsible.

Auto Property Damage – Covers damage you do to a third party.

Auto Physical Damage — Covers comprehensive and collision. Collision is designed to get your car repaired if you hit an object. Comprehensive Coverage covers your vehicle in the event of damage or loss from something other than a collision. This includes theft, vandalism, nature, animals.

Uninsured Motorist – This insurance pays in the event you are hit and injured by an uninsured motorist. Even though auto insurance is required, one in four drives does not carry any insurance.

Person Injury Protection – This coverage provides no fault coverage for passengers who are injured in your vehicles.

How can Apple Insurance Specialists best serve you? Call one of our experienced agents today at (512) 302-9111 and let us demonstrate our dedication to delivering the highest quality insurance policies and best customer care.

 

 

 

Is Our Sharing Economy Creating New Risks For You?

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Uber, Airbnb and VRBO may increase your personal liability risk

We live in a digital world that now allows us to share everything from our car, bike, boat, apartment and even our home with total strangers. Smart phones, and the applications that can be added, offer many useful tools, but some of these things create new and increased auto liability for you. Before you decide to jump into the sharing economy consider the following:

Do these sharing sites have the ability to protect your confidential information? Many times you are giving your credit card information to companies that may not have the ability to protect it.

If you use Airbnb to sublease your apartment, you might check your lease. Many lease agreements have “no sublease” clauses that do not allow for this kind of activity. Also, some big cities are now actually considering outlawing the Airbnb services as it reduces hotel/motel taxes.

Uber offers a taxi service where individuals can offer rides to those who subscribe. Are you confident that these individuals have had proper background checks? Are they experienced drivers?  Do they have the correct insurance? Remember, even in states that have mandatory auto insurance laws, over 25% of drivers don’t have insurance.

Personal auto insurance issues should be considered if using your car for hire. There is a big difference in the auto insurance world between a car pool for work and being paid to deliver people.

If you rent your primary home to others, it may limit your personal insurance coverage. Call out office for a review.

The use of the new sharing economy will most likely continue and may be a good way to save money. However, if you have an uninsured claim, the cost may be much greater than the savings. Be aware that using these services may increase your risk of loss. The insurance industry will respond over time to the sharing economy, but in the meantime, there are limitations and restrictions in your current homeowner’s and personal auto insurance policies of which you need to be aware.

How can Apple Insurance Specialists best serve you? Call one of our experienced agents today at (512) 302-9111 and let us demonstrate our dedication to delivering the highest quality insurance policies and best customer care.

 

The Benefit Of An Insurance Review

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Our agency is founded and run on the philosophy that client’s needs come first and foremost. We know you hear that a lot, so we wanted to tell you how we carry out our philosophy day to day. This article is the continuation of our series on how to think differently about insurance. Every client deserves an annual insurance review. The review may take different forms depending on the individual circumstances.

Benefits To An Insurance Review

Keeps your program up to date

Provides opportunity for feedback on services

Allows for the partnership to review goals

We take time to review key exclusions and other coverage items

You may need to modify, reduce or add coverage depending on your current situation

The review does not need to take a long time 

Business Insurance Review

A business review is important because risk is constantly changing. Maybe your operations have not changed, but laws and other statutes can impact your risk and need to be addressed. Here are a few examples:

Prices change and a review can determine if you are getting competitive rates on your insurance.

Your coverage needs may have changed and your policy should reflect these changes.

There may be new insurance companies to which we have access.

Laws and regulations are changing and may require a different kind of insurance. 

Personal Insurance Review

A review of your personal insurance can be completed in person, over the phone or even via email. But the important thing is that the client and agent communicate about your personal risk and what has changed. Changes in your personal situation can have an impact on your insurance needs. Examples might include:

Change in marital status

Kids headed off to college

Remodeling of your home

Purchase of expensive jewelry