Prepare Your Business For The Next Disaster

There are many things businesses can do to prepare for the impact of the many natural hazards they face including floods, hurricanes, tornadoes, earthquakes.  Developing an emergency preparedness plan is one of the most important strategic decisions you will make as a small business owner.

Your Business Insurance Company May offer Resources

Check with us to determine if your business insurance company has tools and resources to help you. Your business insurance will respond to many hazards and risks that are insured under your policy.

Three Questions to Ask About Your Business

How vulnerable would your business be if a disaster or other emergency were to occur?

Do you have a plan to protect your employees and business?

Have you provided emergency preparedness training to employees?

The American Red Cross offers free tools that may be useful to you: www.readyrating.org

Get Your Business Prepared

Review your policy with us to make sure you understand the nature of your coverage, the deductibles, and the limits of your insurance.

Create evacuation and shelter safety procedures.

Create backup copies of critical data and programs.

Train your employees annually in emergency preparedness.

Protect vital business records. Keep your most important documents in a safe that has been tested and listed by UL (Underwriters Laboratories) as being resistant to fire, heat, burglary tools and torches.

Create an emergency contact list.

Learn what kind of emergencies might affect your business.

Decide ahead of time what you can do if your building becomes unusable.

Make emergency preparedness part of daily procedures and communications.

Thanks to the American Red Cross and U.S. Small Business Administrating for providing some of this information.

Reduce Your Business Insurance Cost

Saving money on business insurance is not always an easy thing many companies to do. You have many options regarding insurance agents and insurance companies that at times can be confusing. We specialized in business insurance. We have a proven track record of providing the right combination of pricing and coverage, along with experience and responsive service.

There are a number of ways to reduce your business insurance cost without jeopardizing coverage. Here are a few:

Use a broker who knows and understands your industry. Having an understanding of the risks, and what markets best are suited for your risks, can result in lower costs. Have us shop your insurance. We have access to many insurers, this allow us to offer many options.

Provide driver’s training- having educated and trained drivers can reduce your business auto insurance cost up to 5%.

Have proper safety equipment. Do you have sprinklers and central station smoke detectors? These can help reduce insurance costs.

Remove irrelevant coverage. Before agreeing to a business insurance policy, ask the insurance agent which items are optional endorsements. Some endorsements can be removed if you don’t require the coverage. Removing irrelevant coverage can reduce your insurance premium.

Combine all your commercial insurance into one package. Insurers often give credits for more than one line of insurance (Property, Auto, Liability, Excess, Professionals).

Use special markets. There are insurers that specialize in your industry. .

Increase deductibles. Insurers often will provide good credits if you increase your deductibles on property or auto physical damage.

Reduce your risk, Talk with your insurance agent about how you can help prevent insurance losses. You may be able to reduce your exposure to fires, work-related accidents, disasters or lawsuits. Reducing these risks may lead to fewer claims, which may lower your insurance premium.

Use insurers that specialize in your industry, this can save you up to 15%.

Keep up to date with current liability trends; liability claims tend to be the most significant claim with most aspects of insurance.

Having insurance premiums reduced by cutting corners is not the ideal way to deal with high insurance premiums. That’s a case of addressing the symptom – not the problem. Lowering premiums by reducing the risks posed and faced by your business is a far healthier solution

Put Insurance On Your Restaurants Menu

If you are in search of Commercial Insurance for your restaurant, you may find it difficult to find competitive rates and coverage. We shop your insurance regularly, which enables us to provide the best possible combination of coverage, price, and service.  We offer competitive premiums and quality coverage.

The best strategy for lowering your premium is to find the carriers that specialize in the restaurant industry. These companies usually offer broad coverage and are competitive in pricing.  As an independent agent, we search the market for you, finding the best possible combination of price, coverage, and service. Remember, not all insurance companies are created equal. The more experienced and specialized the agent is, the better the chance you have of finding the best premium and coverage.

Other ways to reduce your restaurant premiums:

Combine all your insurance under a “package.”

Don’t nickel-and-dime your insurance company. If you file claims for every little thing, your rates may increase. Insurance is meant to cover unexpected large losses.

Consider your deductibles. By increasing your deductible, you may save money.

One of the best forms of protection is routine maintenance. A well-maintained property is less likely to have mechanical failures or losses.

Offer safety training to employees.

Start a safety committee to help reduce work comp losses.

Place all your insurance with one insurance company.

Seek advice from a qualified independent agent like Partners Insurance Services.

Investigate premium-reduction strategies such as inspections and security systems.

At least once a year, review your coverage for duplications or unnecessary coverage.

We are experts in the hospitality industry, and specifically restaurants. We have access to many qualified highly rated insurance companies. Call us today.

Cyber Liability; Exploring Your Risk

As the outdoor temperature gradually drops, animal activity and deer-vehicle accidents increase. Every year across the country, deer and other animals cause millions of dollars in vehicle damage as well as thousands of injuries and hundreds of fatalities. Whether you are taking your family on a trip through the woods or just traveling on business, the following safety tips are intended to save your life and prevent accidents.

Drivers should review their auto insurance policies since not all policies cover damage caused by deer strikes. Comprehensive coverage is optional insurance but it does cover deer strikes. If you only have collision coverage or liability coverage, your insurance carrier will not cover damage to your vehicle resulting from a collision with an animal.

Actions to Consider

Heed the warning signs.  Posted warnings of deer and animal crossing are there for a reason.

Always drive at a safe speed.

Many animals move around at dusk and early morning.

Observe your surroundings. Actively scan the sides of the roads as you drive for any signs of wildlife.

September through January is a time when deer and elk are particularly active.

Deer and elk are herd animals, so if you see one, there may be more.

Don’t rely on vehicle-mounted whistles or reflectors to keep deer away from your vehicle. Studies show they are not effective.

Notify the local law enforcement agency if you have an accident with an animal.

Contact the local emergency services if anyone is injured.

If you have comprehensive coverage, deer accidents are covered.  However, if you swerve to avoid hitting the deer and hit another vehicle, that would be considered collision coverage, and is many times more expensive for your insurer and you.

We hope you never have to worry about hitting a deer or other animal.  Please slow down and be safe. Taking simple precautions can be the difference between having an accident with a deer, and almost having an accident with a deer.

 

 

What Is Important to Consider When Buying Homeowners Insurance

What Is Important to Consider When Buying Homeowners Insurance

A Home Insurance Update

Buying home insurance should be an important part of your financial planning. It is important to consider many different things in order to obtain the best possible combination of coverage, price, and service.

Insurance companies use many different factors when reviewing your risk. It is important to understand some of these as you make your personal insurance decisions.

Some Items to Consider When Buying Homeowners Insurance

Your location is important in determining your premium. For example, the closer you are to a fire station and fire hydrant the better.

Not all insurers are the same. Some insurance companies prefer newer homes, while others may require your home to have a newer roof.

Low price does not equal better coverage. The lower priced product may exclude needed coverage.

Your home’s value may be the single most important factor. If your home should need to be replaced, it will be important to have an accurate replacement value.

Every policy has exclusions and it is important to know these. For example, most policies exclude earthquake and flood coverage.

Having a home inventory can help you if you ever need to document any loss.

Ask about any discounts the insurer may offer. Most insurers have a number of discounts and the more you are able to obtain the better.

 

 

Good Reasons To Call Your Insurance Agent

Home and Auto Insurance Update

Let’s face it, you buy home and auto insurance to protect you when and or if an accident happens. And when you have an accident, you want your personal insurance to respond.  If it has been a while since you updated your personal insurance coverage, you may want to call us today.

When to Call Your Agent

When you buy or sell a car

If you started a home based business

If you are thinking about putting in a pool

When you purchased any high end jewelry, guns or other items

If you home replacement value has gone up

Did you get a company car?

If you have remolded any part of your home

When you install a security system in your home

If you get married or divorced

If your commute distance has changed

When your children go away to college

Having the right auto coverage is not as easy as it sounds, and choosing the wrong coverages and limits could lead to financial disaster.  Our team is prepared to help you find the right combination of coverage, price and service.

Don’t Make These Mistakes

Personal and business insurance buyers–don’t make these mistakes

Everyone who buys insurance often runs into what we call the 7 deadly sins of buying insurance. These apply to both personal insurance and business insurance. Read these to see if you can relate to any of them.

Your deductibles are too low. The lower the deductible the higher the premium. Consider increase auto physical damage deductible on older vehicles.

You have more than one agent. Having two agents it not wise. Select one agent whom you believe will be best for you. Two agents can trip over each other, and you could end up un-insured.

You don’t consider the insurance cost when buying a car. The make and model of the car you purchase will have an impact on the insurance costs.

Your replacement cost value is not correct. It is very important to keep your replacement cost up to date. Replacement cost coverage will replace or rebuild your property with like kind and quality of materials.

Failure to develop a property inventory. Having an accurate inventory of your personal property can reduce stress at the time of a loss and help insure you receive 100% of what you lost.

You have coverage you do not need. There are many different types of insurance you can buy but not all are needed. For example, travel insurance, pet insurance, extended warranties and mortgage life insurance is not always needed. We have other options and recommendations, call us today.

Cancer insurance. Marketed by specialty-insurance companies, these plans supplement health insurance for cancer-care costs. Annual premiums range between $400 to $2,000 dollars. Despite their high cost, the policies may not cover outpatient care. Chances are that your existing health insurance already covers cancer expenses.

Texas Business Insurance

Business Insurance

According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Business Insurance For Your Organization 

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the       environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today.

 

 

Home Safety for the Holiday Traveler

Home Safety Tips

Many people will be traveling this holiday–in fact about 98 million according to travel experts.  After you have packed your bags and planned your itinerary, you still need to consider how to best protect your home while on vacation. But leaving home more often demands a dutiful travel safety checklist that includes precautionary measures to help keep your home safe and secure when you head out.

Remember to get a homeowner’s insurance checkup before you go.  We can help to make sure you have the best possible combination of coverage, price, and service.

If you are planning to vacation during the holidays, here are few thoughts to consider:

Get a security system.

Trim landscaping that is too close to your house.

Don’t advertise your vacation on social media.

Cancel mail and other deliveries.

Have a neighbor check on your home.

Always lock your garden sheds and garages.

Use a variable light timer to activate lights inside your home.

Lock all doors and windows.

Have adequate exterior lighting.

Never put your home address on your luggage tags. Write your phone number instead.

Set automatic timers to turn your lights and a radio on and off.

Happy Holidays!

Little Known Home Hazards

A Homeowners Insurance Update

We all know how to keep our home safe from fires, burglars and other major homeowner’s risks. Your homeowner’s insurance covers many different kinds of losses. Cooking, candles, and smoking are the biggest causes of house fires in the United States. However, there are a few hazards around the home that many of us don’t think about.

9volt Batteries

9volt batteries can create fire when exposed to many kinds of metal. Keep 9volt batteries stored in a plastic container.

Smoke Alarms That Are Not Working

A large percentage of homes fires go un-noticed because of smoke alarms that don’t work. A working smoke alarm can be your best defense to notify you of a fire.

Dryers

Over 20% of home fires start as a result of poorly vented or dust filled dryer vents. Check your dryer vent every time you use your dryer.

Candles

Candles left unattended are also a major cause of home fires. If you use candles, make sure they are kept away from flammable items and blow out before you leave the room.