Insights
Environmental Insurance for Chemical Manufacturers
Chemical manufacturing is as complex as it is critical to modern industry. These companies are not only at the heart of industrial production but also crucial in creating products essential for daily life. The inherent risks and liabilities that come with the territory—from supply chain disruptions to regulatory compliance—place a heightened importance on environmental insurance. With rising...
Winterization: There’s Snow Place Like Home
Temperatures are dropping, leaves are changing, and you’ll be spending a lot more time indoors. Before curling up with a good book and a cup of hot cocoa, it’s important to make sure your home is prepared. Winterize your home now to save on energy costs and protect against cold weather-related damage. Give your clients peace of mind this season...
Medical Malpractice Coverage in a PPE World
Healthcare facilities and frontline workers face increased risks because of stress and possible COVID-19 infection along with rising malpractice litigation. Coverage is needed to protect your clients both internally and externally from malpractice claims. Internally, your medical clients may face litigation from staff who claim they were not...
Why It’s Essential for Your Clients to Have Cyber Liability Insurance
The need for Cyber Liability coverage isn’t limited to Fortune 500 and Global 2000 enterprises. Losses from data breaches and other cyber events impact businesses of all sizes across all industries, so it’s important to educate your clients on the ways Cyber Liability insurance protects them and covers their potential exposure. Your client may...
Unseen Dangers: Chimney Inspections
As cool weather returns, homeowners are using their fireplaces once again. Chimney maintenance is critical for protecting homes and those living in them. If a homeowner neglects regular maintenance, they increase their risk for expensive repairs and create a safety hazard. The importance of chimney maintenance: 1- Prevent carbon monoxide...
The Grass is Always Greener with Pollution Liability
Pollution liabilities can impact almost all business types – and if not properly protected, the financial consequence of a loss could cost millions of dollars. Clean up expenses, litigation and fees add up quickly; and that doesn’t even factor in the risk to professional reputation and public image. It is essential that your commercial clients...
The Importance of Creating a Personal Property Home Inventory
If someone asked you to list every valuable item in your home, could you do it? What about the hidden treasures in your drawers, closets, and garage? The majority of people can’t. This is why a complete home inventory is important. Having an inventory of your personal property is essential for both you and your insurance company if your home is...
Protecting Your Clients During Hurricane Season
The Atlantic hurricane season, running from June-November, has already caused almost $15 billion in damages this year. A typical year would expect to see around a dozen named storms, six hurricanes, three qualifying as major hurricanes (category 3 and above). The 2020 season looks more extreme. Experts predict greater than 24 named storms,...
What You Didn’t Know About Hail Damage and Insurance
Hail damage is a significant risk to homes, autos, and other property owned by your clients. Like other forms of weather damage, it is typically covered in some way by a homeowner's insurance policy. The application of coverage varies depending on the state and nature of the policy. Agents should carefully check the policies of their clients to...
6 Marketplace Trends Impacting the Surplus Lines Homeowners Market
2020 is changing the landscape of the insurance world, and the effects of this shift are most obvious in the hardening market conditions for surplus lines property & casualty, as well as personal lines coverage. The cause of this shift is complex, and while a small part has been influenced by the COVID-19 pandemic, there's more to the story...
The Case of the Diamond Necklace: Homeowners Insurance vs Valuable Articles Policy
Picture this: Your client is getting ready for a big night out, and has the perfect diamond necklace to go with their outfit. But when they look for it, it's nowhere to be found! This valuable jewelry is gone without a trace. It's a bad situation, and it's all too common. Who do they call next? You, their insurance agent assuming their...
Insurance Coverage and E-scooter Rentals
Rentable electric scooters are a fledgling transportation service. Their ease of access and utility have allowed companies in the space to quickly expand across the US. As e-scooters become an increasingly popular mobility option, questions regarding insurance coverage are rising. E-scooters are not technically considered automobiles, which means...
Property Rates are Increasing. What’s Driving This Trend?
Policy holders may notice rate spikes in their property insurance and wonder why their premiums are rising. Some premium increases are caused by things out of your control, like inflation, but other factors concern you specifically – including your claims history and credit score. Some reasons for a property rate hike include: Mathematics –...
Safeguard Your Home Before Winter Weather Hits
The leaves are falling, there’s a chill in the air, and winter is right around the corner. Homeowners should take precautions now to protect against winter weather-related damage. There are inherent dangers associated with winter weather; including frozen pipes, ice dams, fires from heat sources, wind damage, flooding, and other devastating (and...
Don’t Get Hacked: Get Covered
You've been hacked! These are three words that we dread in our society of technology dependency. In 2018, billions of people were affected by data breaches and cyberattacks. USA Reports that 765 million people were hacked in the months of April, May and June alone – with losses surpassing tens of millions of dollars. Security experts project...
Tips to Properly Protect Your Home This Hurricane Season
All eyes are on the weather as we approach the peak of hurricane season. While hurricane season lasts from June 1-November 30, the most significant risk is around September 11th. Early forecasts predict nine to fifteen named storms to hit our coasts during the 2019 season. Significant risks to homes include flooding, wind damage, tornadoes,...
Does My Car Insurance Cover Uber/Lyft Exposure?
It’s summertime and you want to earn extra money for your upcoming family vacation or pay down some bills. After researching several options, you decide that driving for Uber or Lyft works best. You have the flexibility to schedule pick-ups when it’s convenient for you, the pay is decent, and you already have a smartphone and a car. You sign up...
BOATING SAFETY TIPS TO PREPARE FOR SUMMER
Summer in New England provides great opportunities to get out and make memories on the water. Make sure that you and your family bring home only the happiest memories by being prepared and keeping these boating safety tips in mind: Make sure you have all the required safety gear on board. This means Type 1 PFDs (life jackets) and other floatation...
Your Home Is More Than Brick and Mortar
A home is so much more than the bricks, mortar, and lumber used to build it, especially for your high net worth clients. It's full of memories, private collections, and cherished belongings--and your client’s personality and interests are reflected in every exquisite detail. If your client experiences a claim, they want more than a check from the...
The Importance of A Personal Articles Floater
A common misconception of homeowners is that all personal belongings are covered under their insurance policy. Unfortunately, there are several capped coverages for the items people deem most important (think maximum jewelry limit of $5,000 in some cases). A separate Personal Articles Floater (PAF) policy is critical to ensure your clients have...
Difficult Homeowners Risks Just Got Easy!
Let’s face the facts: Your clients are going to have homeowners’ claims. They are going to buy that coastal secondary home in Florida or California and call you the day of closing for coverage. They are going to rent out their seasonal home on AirBnB. They are going to tell you there is a fire department within 5 miles when there isn’t....