Five Keys to Improving Your Personal Insurance

 

A Personal Insurance Update

We work to ensure that your personal insurance provides the protection you deserve and need.  We understand you may need different coverage like a personal umbrella, RV insurance, valuable articles coverage, earthquake, or flood coverage.

Over the years, we have found that homeowners who adhere to the following strategies have a better chance of obtaining the best possible combination of coverage, price, and service.

Use an agent like us to represent you in the market.  We know and understand personal insurance, and we are much better equipped to help you manage your personal insurance program.  We will stand by you in every claim situation.

Only use financially strong insurers.  It is vital that your insurance is there to pay for claims.  Look for insurers with an “A” rating by AM Best.

Make sure you have high liability limits.  It is essential that every homeowner have enough liability insurance to cover the unexpected events.  This is especially true if you own an RV, ATV or boat.

Consider increasing your deductibles.  Often a slight increase in your deductibles can reduce premiums.  If you are able to manage a larger deductible, you may be better off in the end.

Allow your agent to manage your entire personal insurance needs. Having one source for all your policies will save you time.  Also having one professional handle all your needs gives them the ability to understand your entire needs.

Summer Driving Tips

An Auto Insurance Update

Summer is here, and many families are planning that great summer road trip.  Whether you are planning a day trip or a longer weeklong adventure, it is important to be prepared before you hit the road.  Insurance Institute for Highway Safety (IIHS) statistics reveal that more fatal traffic crashes occur over the summer months than over the winter months.

Summer Driving Tips

If you have teen drivers, make sure they have taken driver safety training.

Never use your phone while driving.

When on a long drive, take frequent breaks.

Roads become very slippery in the first few minutes of rainfall because the rain mixes with the oil and dirt on the road. It takes about 30 minutes of steady rain to wash the oil and dirt off the road.

If your car is due for a tune-up, oil change, battery check, or tire rotation, now is the time to get it done.

Use seats belts every trip, all the time.

Traffic laws vary by state, so it is important to follow traffic signs.

Pack extra water and supplies in case of an emergency.

Drive at a safe speed. Speeding increases the likelihood and severity of a crash.

Auto Insurance

It will be important to have an auto insurance update before you go. Laws vary from state to state, and when it comes to your auto insurance, it is important to have the best possible combination of coverage, price, and service.

Personal Umbrella Insurance

You’ve worked hard to earn your lifestyle. Consider adding additional liability protection to your Texas Auto, Home, Renters or Condo policy. Personal Umbrella Liability coverage added to your other policies can protect you, your spouse and any relatives living in your home. Let the staff at Heaton Bennett Insurance show you the value of an umbrella liability policy.

Umbrella Insurance Protection

Umbrella Insurance provides extra protection or limits above the liability insurance you currently have. Just as an umbrella protects you from heavy rain, an umbrella insurance policy protects you from losing the entirety of your wealth and assets in the event of a claim. Umbrella insurance can provide limits above your business insurance, personal auto and home policies.

Umbrella insurance provides broad insurance beyond traditional insurance. It provides additional liability coverage above the limits of your primary insurance policies. It can also provide coverage for claims that may be excluded by the primary policies

It is true that personal umbrella insurance may not be for business or individual, but if you are a business, wanting to protect your company’s resources, building financial resources for your future, are a professional, own your home, boat or recreation vehicle, you should consider an umbrella insurance policy.  Having the added protection of an umbrella insurance policy is coverage no one should go without. Call us today, for a free review.

High Net Worth Individuals

Do you own a boat, second home or have other expensive toys? Often high net worth individuals need higher liability limits to protect personal assets. A simple rule is, the more you own the greater risk you may have of losing it. The nice thing about an umbrella policy is that it is competitively priced. Usually, it costs about $300 per year for each $1,000,000 increment of insurance that you buy, and it can bring you great piece of mind.

 

Civil Disobedience Is Newer Civil

A Risk Management Update

There seems to be a growing number of protects and civil disobedience these days. For whatever the reason for the protests, it does create a risk for your business. Your business insurance is designed to protect your business from unknown claims or accidents. Our job is to be your business insurance resource and to provide you with the best combination of coverage, price, and service.  A commercial liability policy can protect your company from actions by yourself and employees if a third party is damaged or injured.

Are Riots A Covered Loss?

Generally speaking, damage to your building and other property due a riot is a covered peril. This would include fire, theft, and vandalism. If you were forced to close your business by civil authority but had no building damage you may be able to collect for lost revenue, depending on how your policy is written. Remember, each policy is unique, so call our office for a review.

What If The Fire Department Refuses To Put Out The Fire?

Insurance companies generally will not deny a claim because the fire department pulled back for safety reasons. If civil authorities limit or restrict access to a burning building, your insurance will not be jeopardized.

Final Thoughts

Business insurance is designed to protect your business from accidents and other unforeseen events. Many of the damaged businesses had insurance, and those that did not will most likely have to close their doors.

How Cloud Computing Changes Cyber Risk Exposures

Cyber risk and cloud computing is a topic that keeps evolving. In a recent study 40% of companies thought they did not need cyber liability insurance. Many thought cyber liability was covered under their business insurance policy. And others thought that if they used the cloud to store client’s information that they had no risk.

A recent example has been the Anthem Health data breach; here over 80 million people may have had their personal data compromised. If a large company like Anthem Health can have a cyber-breach, so can your company. See More Here

How Cloud Computing Will Change The Cyber Risk Landscape

There is no question that cloud computing changes the cyber risk landscape. But using the cloud does not reduce your risk. In fact, using the cloud may increase your risk. As more firms use the cloud, cyber criminals will increase their efforts to brake in, as there is more information for them to steel. Your risk will vary depending on the platform your firm uses. One benefit is that your business may require less in house technology which will reduce operating costs.

Cyber Risks Are Growing

Russian hackers recently stole over 2 billion online names and passwords. Home Depot had millions of customer credit cards stolen. A local restaurant recently had 1200 customer credit card numbers stolen, and finally a medical clinic had a lap top stolen that contained 5,000 patient’s names and confidential information. Every company is at risk for cyber theft and loss.

Cyber Insurance

We can provide your firm with the right combination of pricing and coverage. Cyber risk    insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

Does Your Business Need Insurance?

 

Business Insurance

The world is changing, and we understand the issues businesses face every day. There is constant competition for your customers, there are challenges in attracting and retaining top talent, and your cost of goods keeps going up. Part of your planning should include an annual business insurance review. Your business changes, and so do your exposures. Here are some of the major kinds of liability coverage found in most business insurance programs.

Commercial Liability

Bodily Injury – Bodily injury to a third party.

Property Damage – Damage to a third party’s property (equipment building etc.).

Personal Injury – Injury to the mind or emotions, as opposed to an injury to property.

Advertising Liability – Damages arising out of advertising, libel, slander and invasion of privacy.

Products & Completed Operations – Liability arising out of products you sell or business operations and services conducted, excluding professional services.

Premises – Covers liability arising out of injury to third parties while on your premises.

Management Liability – This might include cyber, employment, and professional liability coverage. Directors and officers liability also might fall under this category.

Umbrella – Provides excess liability over primary auto and commercial liability policies.

Pollution – Coverage for accidental release of pollutants. 

Business Auto- Covers vehicles owned by the company for business use and can include comprehensive and collision.

Risk is a factor for whatever business you are in. We provide business insurance solutions to help you manage your risk, which keeps you in business.

Call one of the experienced agents at Georgetown Insurance Agency today at(512) 863-4388 or start a free rate quote and let us review your insurance needs and tailor a program to protect your business.

Risk And Insurance Issues Faced By Most Businesses

A 2018 Business Insurance Update

Risk management and insurance issues that your local business faces are not that much different from those faced by fortune 500 companies; fortune 500 companies’ risks are just larger and possibly more complex.  Making sure that you have the right kind of business insurance for protecting your operations is our number one goal.

Recently, PC360.com ran an article describing the top risks for large corporations.  We thought we would relate these risks to your local business, and suggest some insurance that your business should consider to cover these risks.

Business Interruption Insurance – This can include lost net income, continuing expenses, and even relocation expenses. This coverage is not always automatic, and needs to be added with specific limits.

Directors and Officers Liability – Directors and officer’s liability insurance helps protect your business, owners, executives, and managers if individuals, competitors, third parties or government regulators make claims.

Regulatory Compliance Issues – New regulations and contractual risks are increasing for all organizations. Issues include; contracted employee, healthcare, workers’ compensation laws, environmental issues, cyber reporting requirements, and more.

Employee Safety – Maintaining a safe working environment should always be a top priority for your business.

Cyber Liability – Did you know that the average business has a greater chance of having a cyber breach than it does of having a fire? It is true, and your business insurance policy most likely will not cover cyber liability losses. “This new world of connected devices promises insights on which companies can base strategic decisions. But the ability to obtain more information brings the responsibility to use that data appropriately, maintain customers’ privacy, and practice effective cybersecurity.”  com

 

A Texas Home Insurance Update

Many homeowners have experienced premium increases. Our agency works very hard to bring our clients the best possible combination of premiums, coverage, and service.  Homeowners insurance plays an important role in society. It protects your most important financial asset, your home. Remember, each homeowner’s insurance policy is different, and if you bought your homeowners insurance online, you may not have proper coverage.

What Can We Do to Help?

We have the benefit of being an independent agency.  This allows us to search the market for the best possible combination of premiums, coverage and service. We compare insurance companies’ rates and use the competitive market to your advantage.  Here are some ways to save on your premiums:

Purchase all your insurance through our agency.

Ask us about additional discounts.

Consider increasing your deductible.

Keep your home well maintained.

Replace your roof, water heater, and other equipment when needed.

Review your policy regularly. You may not need the same kind of coverage you did a few years ago.

Remember to call our office today.  We will work hard for you.

September is National Preparedness Month

Disaster Preparedness

Our thoughts and prayers continue to be with the people of Houston and most of Florida. Hurricane Harvey and Irma may have caused over 75 billion dollars of damage.  While this is fresh on our minds, let’s get prepared for the unexpected.   This could be a flood, hurricane, earthquake, wild fire, or any other event that causes damage to our homes.

Remember, your homeowners insurance may or may not cover the next disaster, so it is a good idea to have our team complete a personal insurance review.  Here are some things you can do right now.  Ready.gov has provided many good resources.

Basic Preparedness Tips

Know where to go. If you are ordered to evacuate, know the local evacuation route(s) to take and have a plan for where you can stay.  Contact your local emergency management agency for more information.

Put together a “go-bag” or disaster supply kit should you need to evacuate, including a flashlight, batteries, cash, first aid supplies, medications, and copies of your critical information.

If you are not in an area that is advised to evacuate and you decide to stay in your home, plan for adequate supplies in case you lose power and water for several days and you are not able to leave due to flooding or blocked roads.

Make a family emergency communication plan and review it regularly with members.

Many communities have text or email alerting systems for emergency notifications. To find out what alerts are available in your area, search the Internet with your town, city, or county name and the word “alerts.”

If there is a chance of flash flooding, move immediately to higher ground.

If floodwaters rise around your car but the water is not moving, abandon the car and move to higher ground. Do not leave the car and enter moving water.

Avoid camping or parking along streams, rivers, and creeks during heavy rainfall. These areas can flood quickly and with little warning.

Disconnect electrical appliances and do not touch electrical equipment if you are wet or standing in water. You could be electrocuted.

If instructed, turn off your gas and electricity at the main switch or valve. This helps prevent fires and explosions.

More resources for you

www.ready.gov

Download FEMA App

 

Don’t Let The Grinch Steal Your Holiday Cheer

criminal-213740_1280Personal Insurance and Safety Update

Many of us will be out looking for deals this holiday season. And criminals will be looking out for deals too. Criminals feed on the chaos of this season. Shoppers are distracted and the police are overworked, making it a great time for criminals to get bargains, at our expense.

Now would be a good time to make sure your personal insurance is up to date. A quick call to our office can insure you are properly protected. For example, if you purchased expensive jewelry, you may need to ad that separately to your homeowner insurance policy.

Shopping Safety Tips

Always be aware of your surroundings.

Don’t leave car phones, purses, CD cases, or any other item of value in your parked car where they can be seen.

Use a credit card rather than a debit card whenever possible.

Always place purchases in your trunk.

Never leave car doors unlocked or windows open.

Always park in lighted areas.

Shop with a friend.

Keep receipts in your wallet or purse.

Avoid carrying large amounts of cash.

As you return to your car, make sure to keep your car key in your hand.

If you make expensive purchases like jewelry or guns, call our office as we may need to add these to your policy