Risky Business - Setnor Byer

20 Jun To Hold or Not To Hold: The Financial Risk of Indemnification and Hold Harmless Agreements

Posted at 20:08h in Risk Management

Often, organizations agree to accept the liability of another party (or business) as a standard practice. Such practice is known as "risk transfer," and the transfer is either embodied in a written contract or agreed to, verbally, by the parties. Contractual risk transfers are commonly...

17 Apr Soft Costs Hit Hard: Do You Know What Your Insurance Policy Does NOT Cover?

Posted at 19:19h in Commercial Insurance, Risk Management

Most property insurance policies guarantee the replacement of your property in the event of a loss. These policies, which cover such things as concrete costs, flooring, ceilings, and plumbing systems are often silent when it comes to those costs you cannot visibly see. Costs such...

17 Apr An Independent Agent’s Role In The Aftermath Of Hurricane Wilma

Posted at 18:32h in Risk Management, Safety

We are an Independent Insurance Agency, and not unlike most of our South Florida neighbors, suffered during the aftermath of Hurricane Wilma. We were left with damaged property, no electricity, an interrupted business, and employees that, each, suffered similar consequences. Yet, we were not permitted...

20 Mar The 10 Must Have Traits Of A Salesperson

Posted at 18:16h in Human Resources

"What are the traits of an effective salesperson and how are they identified in a candidate?" These questions have been studied for decades and a broad range of opinions have been offered by corporate executives, college professors, industrial psychologists and human resource managers. Corporate America,...

18 Jan Home Address Linked To Risk Of Auto Accidents: How Do You Rate?

Posted at 16:46h in Personal Insurance

A study released by Quality Planning Corp (QPC), a San Francisco-based analytics company that helps insurance companies price insurance, reveals that a person's physical home address, not just ZIP code, can predict the likelihood of an auto accident. The research, which consisted of an analysis...

16 Dec Long Term Care: A Major Concern for Today’s Baby Boomers

Posted at 16:19h in Health Insurance, Personal Insurance

As the large numbers of Baby Boomers start to turn 60, many of them assume incorrectly that Medicare, Medicaid, supplemental policies or standard health insurance policies will cover their long-term health care expenses and needs. Consequently, many people do not plan ahead financially to provide...

16 Sep GAP Coverage

Posted at 16:02h in Auto Insurance, Safety

There's nothing more exciting or memorable for a vehicle owner than the day he or she acquires a brand new vehicle. Unfortunately, if the vehicle is in an accident and a total loss occurs, this great day can come to a screeching halt. Unexpected problems...

16 Sep Will it Ever End?: An Insurance Perspective on the 2004 Hurricane Season

Posted at 15:53h in Commercial Insurance, Risk Management, Safety

Charley, Frances, Ivan, Jeanne- Floridians have had to indulge a few unwelcome guests as Mother Nature unleashed one hurricane after another within a two month period. The Sunshine State, to some, has been aptly renamed the Hurricane State. The Hurricane Season has yet to end,...

06 Sep Florida Homeowners Insurance Rates

Posted at 13:53h in Personal Insurance, Risk Management, Safety

Homeowner's insurance rates in Florida already are third highest in the country, behind Texas and Louisiana. The primary factor for Florida rates is our huge hurricane risk. Not only does Florida have more exposed coastline than almost any other state, the concentration of population, high rises and other construction in southeast Florida is unmatched.