Insurance News

Small businesses bear a big financial burden when it comes to civil litigation. What steps can you take to protect yours? Lawsuits can come from any direction: dissatisfied customers, disgruntled employees, other companies or competitors – basically anyone else with a cause that is real or frivolous. The liability threat is a costly proposition that every small business should take seriously. The following stat

When we think of data breaches, many of us remember the recent incidents at Target, Neiman Marcus, Michaels and P. F. Chang’s. While these hit the news reports and made us all more aware of this problem, 31% of breaches in the year 2012 were from companies and organizations with fewer than 100 employees. In 66% of the cases, the breach wasn’t discovered for months. This could happen to your business. Read on to learn

Hurricane season began on June 1st.  Let’s review what we all need to know about flood insurance: Is my home insured for damage that may result from flooding caused by a hurricane or other storm? Not necessarily. Generally, coverage provided by a standard home or business policy does not include damage caused by flooding or mudslides. It is important to note this type of damage could be extremely destructive to

Is my boat covered under my homeowners policy or do I need a separate policy? Most homeowners policies provide liability insurance for smaller motorboats with outboard motors of 25 horsepower or less, and for sailboats less than 26 feet long. Typically, there is $1,500 coverage for damage to the boat for specified perils. However, theft and windstorm are limited and sinking is not covered at all. What type of policy

What is the purpose of life insurance? Life insurance usually is purchased by individuals to guarantee a specific sum of money to a designated beneficiary upon the death of the insured, or to the insured if he or she lives beyond a certain age. The payment may be used by the beneficiary at his or her discretion unless provisions are specified in a will. The capital sum may assist such matters as the loss of income du

Spring has arrived, at least according to the calendar!!! After a long, cold and snowy winter, it is time to get outside and back to all those projects we put on hold, such as painting/siding the house, landscaping the gardens or replacing the roof. Many of us will hire a contractor to get this work done. It is very important to obtain a certificate of insurance from any company you decide to give your business to. A

What is on my credit report and where does it come from? In general, your report includes your name, address, employers and more specific information about your accounts such as date opened, credit limit or loan amount, balance and payment patterns during the past several years. The information provided on your report comes from companies with whom you do or have done business. Should I check my credit report regular

It is important to have the proper insurance coverage on your home and auto and your small business. When you have an accident, a burglary or an interruption of your business due to a major weather event, your insurance is a major asset. When you get the premium bill, however, you may feel differently!!! While we all agree that insurance is a necessity, it doesn’t make paying the bills any easier. There are ways that

I am sure that everyone in the tri-state area is relieved that we did not have a repeat of the hurricanes that devastated our area during the two previous years. Now we are hoping and praying that we have a winter free of dangerous storms like the blizzard that bore down on our region this past February. The number of significant natural disasters has been increasing across North America over the last decade. It is m