insurance Tag

08 Jan Understanding the National Flood Insurance Program

Posted at 20:39h in Personal Insurance

Property damage caused by flooding is not covered by standard homeowners’ insurance policies, so those facing a flood risk need a separate flood insurance policy. The National Flood Insurance Program (NFIP) provides access to affordable, federally backed flood insurance. What is a Flood? The NFIP defines a...

02 Jan Data Security Breaches: Lessons from 2013

Posted at 20:33h in Commercial Insurance, Cyber Risk, Risk Management

They say that those who fail to learn from history are doomed to repeat it, and 2013 provided many lessons for those wishing to avoid a data security breach. Let's review some of 2013's data security breaches so that they do not have to be...

17 Dec Shopping for Insurance: Quality versus Cost

Posted at 20:15h in Commercial Insurance, Personal Insurance

People typically purchase insurance because they have to, not because they want to. For the most part, consumers are happy to obtain the minimum required insurance coverage at the lowest price they can find. That is, until a claim comes along. Only then do they...

20 Nov Getting Rid of Consumer Report Information with the Disposal Rule

Posted at 19:35h in Commercial Insurance, Risk Management

Businesses commonly use consumer reports when deciding whether to make a job offer or extend a line of credit. In the wrong hands, consumer reports may also be used to commit fraud and identity theft. This is why the Federal Trade Commission (FTC) enacted the...

30 Oct Are You Ready for Halloween’s Scary Treats?

Posted at 16:00h in Personal Insurance, Risk Management, Safety

Halloween is here! Get ready for the costumes, parties, pranks, trick-or-treaters, candy and…the risk. Every year we are reminded how quickly Halloween celebrations can go wrong. Since cancelling Halloween is not an option, it is important to identify risks that can be controlled and insure...

16 Oct Ordinance or Law Coverage Video From Tower Hill® Insurance

Posted at 15:52h in Personal Insurance, Risk Management

Hurricanes have led to significant building code changes in Florida. Ordinance or Law Coverage provides for the additional cost to bring a building up to current building codes when significant repairs are needed. One of our Insurance Carriers, Tower Hill Insurance Group has created a...

09 Oct Data Security Breaches Can Happen to You

Posted at 15:21h in Commercial Insurance, Cyber Risk, Risk Management

When it comes to data security breaches, many organizations say, "That could never happen to us." Unfortunately, the increasing frequency of data security breaches means that many of these organizations are wrong. Don't believe it? Let's take a look at a few recent security breaches. Hacking In...

25 Sep Self Storage Facilities: Protecting the Bottom Line

Posted at 15:12h in Risk Management, Self-Storage

Most businesses rely on their facilities to manufacture products or provide services. In the self storage industry, the facilities typically are the product. If property loss or damage is not fixed quickly, the business may fail. Though most believe their self storage facilities are adequately...

18 Sep No Penalty for Noncompliance with ACA’s Notice of Coverage Options

Posted at 14:37h in Commercial Insurance, Health Insurance

On September 11, 2013, the United States Department of Labor announced that employers will not be fined or penalized under the Affordable Care Act for failing to provide employees with notice about coverage options available through the ACA’s Health Insurance Marketplace (Exchanges). This comes just...

09 Sep What is a Certificate of Insurance?

Posted at 14:26h in Commercial Insurance

Certificates of Insurance are documents provided by Agents to verify the existence of insurance coverage. They are commonly used when an agreement or contract requires a party to maintain specific types of insurance. For example, a Certificate of Insurance can be used when: A general...