While we know that it’s important to take steps to protect our personal information, it always seems to end up at the bottom of the to-do list – SEE TIPS
Archives for April 2017
KSI – April Newsletter
Term vs. permanent life insurance: Which is right for you?
The biggest question to answer when purchasing life insurance is whether you need a term or permanent policy. Each type has advantages and limitations. To make the right decision, you should know and understand your options. Here are a few questions to consider:
Help your employees fight distracted driving
Every business owner wants to see that employees get safely to the jobsite or that cargo or products are safely delivered to their customers. Every year, distracted driving becomes a bigger barrier in the way of that goal.
Preserve your prized jewelry and watches
Jewelry and watches have a strong appeal to many people. They can represent sentiment, personal adornment, private assets, family heirlooms and collectible works of art. Because of their unique value, jewelry worn today should be preserved for tomorrow.
Can Commercial Property Insurance Save Your Business?
Small business owners, take note of the great Julius Caesar, who once quipped, “No one is so brave that he is not disturbed by something unexpected.”
In Rockville Centre, New York, the Pantry Diner was a hallmark of my childhood. After every school play, major sporting event, Thanksgiving morning, or any weekend at 2 a.m., friends would gather at this establishment to enjoy burgers, omelettes and classic Greek salads. This establishment served as a de-facto community center for dozens of local groups. But, on November 14, 2011, all of that quickly changed.
A fire in the restaurant ended in a disaster. As the Patch reported at the time, a worker accidentally left an oven on overnight. And by 2:40 a.m., there were 20-foot flames flying into the air in every possible direction. A significant portion of the diner’s interior was completely melted to the point that a firefighter on the scene said the kitchen would be “unrecognizable” to most people.
And, just like that the Pantry Diner, quite literally, went up in smoke.
One forgetful action was all it took to destroy the business that formerly had thousands of fiercely loyal patrons and had supported the livelihoods of dozens of employees.
When I was back at my parents’ home recently, I drove by the Pantry Diner. It remained shuttered, with temporary fencing blocking off the entire place. Five years later, the diner hadn’t reopened, and the property sat vacant. Who knows how much income has been lost for the owners of the diner? I imagine that the owners didn’t have an adequate business insurance plan to cover such a catastrophe; otherwise, one can presume they would have started the rebuilding process as soon as possible after the incident, as their restaurant clearly did a brisk business.
However, it needn’t have ended in tragedy for the Pantry Diner. If there was ever a case for procuring commercial property insurance to protect your business against fire, natural disasters and theft, this was it.
The office will be closed Friday, April 14, 2017 in observance of Good Friday.
The office will be closed Friday, April 14, 2017 in observance of Good Friday. Visit our Customer Service Page for billing/claim phone numbers or call 800-733-2530 for assistance.
Thank you!
5 Tips for Choosing a Commercial Property Insurance Plan
The macro-economic picture of the United States now looks stronger following the Great Recession that began in 2008. And, as a part of this economic recovery, demand for construction services has begun to grow and commercial property purchases have increased. According to a report on the commercial real estate industry by real estate firm CB Richard Ellis in October 2016, the American industrial market has expanded for 26 consecutive quarters. Three cheers for the recovery!
If you are one of the many new or existing owners of commercial property in America, now may be a good time to consider purchasing commercial property insurance to protect yourself in the event of a catastrophic event occurring on your property.
Property insurance has an interesting history. The industry formed in 1666 after the Great Fire of London destroyed 13,000 homes and businesses. As you might imagine, in the many fires since, the majority of insured commercial property owners have fared far better than those whose catastrophes pre-dated the Great Fire of London.
Here are five tips to help you choose a commercial property insurance plan that suits your needs: SEE TIPS…
7 Passwords You Should Never Use at Your Small Business
Damage done, protecting your company from data theft is among your most important responsibilities.
A lot of it comes down to one simple choice you make: passwords.
“Overall, passwords still present the biggest challenge for businesses of all sizes,” said Ron Schlecht, founder and managing partner of BTB Security. Businesses hire Schlecht’s company to test their digital security for weak spots and, he said, “you can’t imagine how many times we still break in to companies because of a bad password.”
If you want to avoid weak passwords at your business, start by steering clear of the following list. Read on for seven passwords you should never (ever) use.
You earned it – Now protect it
A few years ago, my husband and I were in Las Vegas for a much-needed vacation. We were shopping and stopped at a café that offered free wireless. I didn’t have my phone with me, but I did have my USB player that is Wi-Fi enabled and wanted to check the headlines and my email. We were in the café for about 10 minutes. Fully caffeinated and caught up on the news, we went on our way.
While still on vacation, I received a courtesy call from our bank wanting to know if I’d recently authorized a purchase to an online music service. “Yes I did, for about $15,” I replied, remembering I’d downloaded some music and videos to watch on my player before we left.
April is Distracted Driver Awareness Month
Nearly 3,500 people were killed in distraction-related crashes in 2015, an increase of 8.8% from 2014. The latest data also shows 431,000 people were injured from crashes involving distracted drivers over a one year period.*
Power quality a serious issue for business, industry
The LED display on the kitchen range is blinking again, yet the old battery-operated clock seems to be working just fine. How many times have you had to reset clocks on microwaves, alarms, digital cable boxes and other devices due to a brief moment of power interruption?
We don’t often think about momentary power interruptions or how they affect our everyday lives. In business or production process-related industries, the effects of these interruptions may be particularly disastrous and very costly.
Insurance Solutions for Nonprofits
We know that any time you spend on operational issues – even the most necessary – takes away from your time staging an art exhibition, awarding grants, or providing aid to the needy. At Liberty Mutual Insurance, we’ll make sure your organization has the coverage it needs to run smoothly so that you can focus on the heart of your mission.