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Electronic Audit of Insurance Premium

Business insurance premium is subject to audit: workers compensation audits payroll, product liability audits sales, payroll as well is under audit in the construction industry. And if you ever had business insurance and gone through the audit, I am sure you’d been wondering around confusing forms on multiple pages, that required you some calculations and even your accountant was raising the eyebrow. Well, lucky us, no longer that would be the case with policy written through Select Travelers Insurance as the national rollout of our new ePHR (Electronic Policyholder Report) audit process to all eligible Select Policyholder is taking place… Read More »Electronic Audit of Insurance Premium

Prepare for Business Interruption

Attorneys and insurance experts offer these tips on preparing for business interruption and pursuing reimbursement from insurers: EVALUATE YOUR RISK PROFILE: Take stock of specific risks posed to your company, industry and area. Stay informed of developments that could lead to civil unrest. Perform the same evaluation for entities in your supply chain, primary customers and receivers. KNOW YOUR POLICY: Work with your broker or risk consultant to understand the limitations of your business interruption coverage, including duration and proximity exclusions. DOCUMENTATION: Insurers typically require claimants to provide evidence of damage or lost income, and proof of a government-ordered evacuation,… Read More »Prepare for Business Interruption

Simple Ways to Protect Private Information

Use different passwords for your login accounts. Hackers know that it’s very common for people to use one password consistently. So, make sure your password varies. Also, avoid including words or information in your passwords that someone could easily derive. For example, don’t combine the name of the street you live on with your birthday. Recognize “phishing” attempts, avoid them and report them. “Phishing” is when you’re on the web and someone poses as something legitimate—friend, family member, government entity, bank or other trusted organization—in order to draw personal data from an unsuspecting person. Phishing can occur via text messages,… Read More »Simple Ways to Protect Private Information

WHAT HAPPENS WHEN A BUSINESS OWNER DIES?

When a sole proprietor dies, the business is almost certain to die with the owner unless there is someone in the family who can step in and keep it running. The reason is that the creditors of the business line up right away to collect their money. The beneficiaries are put under tremendous pressure to settle all accounts payable immediately. The problem this creates is that the business then must be sold, and quickly. Whenever it is necessary to sell quickly, the potential buyer is in a strong bargaining position, and the sellers can see their asset greatly diminish. In… Read More »WHAT HAPPENS WHEN A BUSINESS OWNER DIES?

Barbeque Safety: At Home and On the Road

Eighty-one million Americans have taken part in a barbecue during the last year. Many of them were in celebration of Independence Day. Whether you’re hosting a party or attending one, be sure to be safe when using the grill and handling food. Keep your grill, your home, and your loved ones safe by following these recommendations from the U.S. Fire Administration: Position the grill well away from siding and deck railings and out from under eaves and overhanging branches. Place the grill a safe distance from lawn games, play areas, and foot traffic. Keep children and pets away from the… Read More »Barbeque Safety: At Home and On the Road

Keep jewelry OFF the Homeowners policy, here’s why..

If jewelry is on HO: The impact of a jewelry claim is serious! Jewelry loss counts as HO loss. Jewelry losses hit CLUE and PILR reports. Client loses homeowners’ “claim free” rating. HO policy is difficult to re-market after a loss. “Mysterious disappearance” claims, in particular, are red flags. HO policies have capacity limitations. Many HO carriers will not cover higher-value jewelry. HO policies will not list non-family members with “insurable interest.” NOTE: 70% OF PERSONAL PROPERTY THEFT LOSSES ARE JEWELRY Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

World Health Organization and Dangerous Mobile Phone

“Using a mobile phone may increase the risk of developing certain types of brain tumors and consumers should consider ways of reducing their exposure, World Health Organization cancer experts said Tuesday” – news  information. Hey, are you guys insane over at WHO? Is this something you want to brag about after the swine flue failure? Don’t you think we are grown up alright to understand that a cell phone may possess risks? A few years ago I came accross this youtube home video: Making popcord using the power of cell phone signal   After watching this video I got me… Read More »World Health Organization and Dangerous Mobile Phone

Prevent Human Error in Workplace if You Can

If a worker makes a mistake that leads to an accident, should that employee take the blame? Maybe not, according to Indiana University of Pennsylvania Safety Sciences professor Jan Wachter. Wachter believes that human error in the workplace, while not completely preventable, can be managed by better tools to motivate and engage workers in the safety process. “While human error has been associated with the majority of incidents in the workplace, it can be managed through a variety of mechanisms. But motivation and worker engagement may be the keys to human-error reduction,” he said. Wachter will test this theory in… Read More »Prevent Human Error in Workplace if You Can

Safe Digging Month of April

April is Safe Digging Month and a great time to – Protect their bottom line and safety – Avoid unnecessary physical risk and utility outages – Prevent avoidable losses “Calling 811 Before Your Contractor Digs” meets these goals! Share this important safety information with your construction clients. At issue: – There are miles and miles of underground utilities that link communities to energy, water/sewer and communications centers. These vital links are at risk whenever a stake, shovel, boring, or mechanized excavation device is put in the ground – Risk of personal injury as well as catastrophic explosions, not to mention… Read More »Safe Digging Month of April

What is Return to Work Program

Numerous studies have shown that injured employees recover faster when they return to work. In addition, their return can decrease claims expenses, limit downtime, and eliminate the need for additional staff. A well-planned Return to Work (RTW) program can help bring your injured employee safely back to work as early as possible in a modified or transitional position. You gradually adjust the transitional job to accommodate the employee’s improving physical condition until they can return to their usual duties. You reduce your costs. Your employee can return to a self-supporting status. Everybody benefits.  Doesn’t that make good sense? If you have… Read More »What is Return to Work Program