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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

Ida has now weakened to a tropical storm and will continue to cut through the south before making its way across much of the East Coast, bringing significant risks of wind, rain and inland flooding throughout this week. Be sure to assess your risk and execute the appropriate steps to protect your business, property and employees.

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The potential for insured values to rise based on replacement costs, supply chain delays, and labor shortages means agents should review and recommend coverage adjustments when needed. This may be more frequently than at renewal time.

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What is Subrogation and How Does it Work?

Bankers Insurance

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? Depending on the success of your insurance carrier’s efforts in the subrogation process, and the resulting reimbursement amount, the insured may be entitled to receive funds held back from their insurance carrier.

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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

You learn that the roof needs to be replaced due to the existence of hail damage, so you submit a claim to your insurance carrier. Depending on the amount of your deductible, this means recovery could be impossible as a practical matter. Based on this discovery, you enlist a roofing contractor to investigate further.

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FACTORS THAT AFFECT NJ HOMEOWNERS INSURANCE PREMIUMS

Boyle Agency Insurance

Common Factors That Affect Homeowners Insurance Cost Some factors that determine the premium on your Homeowners Insurance are: Deductible – This is the amount of money you pay on a claim before the policy coverage takes over. Deductibles are meant to induce homeowners to take good care of the condition of their property.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

Unreported Renovations Can Cause a Lapse in Coverage For significant home renovations, your insurance carrier may require you to notify them about the project up to 30 days before construction starts. If you have to file a claim during the renovation, but you failed to report the project to your insurance in advance, it can be costly.

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Ease Report Reveals Even Small Shifts in Benefits Costs Can Impact SMBs

Ease

21, 2023 – Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report. Panning out, HDHPs typically combine with a health savings account (HSA).

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