Insurance, whether commercial or personal in nature, is a very sensitive topic. It is something that people often do not like talking about because it infers there is a possibility that something bad may happen to them and/or their business. This is exactly what makes insurance so important to talk about and why you should only be doing business with someone that you completely trust and that you know is looking out for your best interest. In my time in the insurance business I have seen a number of horror stories where someone’s broker seemed to be doing everything in their client’s best interest, but in reality was lying to and stealing from them. Situations like this can not only cost you the thousands of dollars stolen by your broker, but can also put you at risk of not being properly insured. The following is a list of red flags to look out for in your dealings with your insurance agent that I have seen throughout my career as a broker:
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Viewing posts from : November 2017
Insurance Agent Red Flags – Signs that your agent or broker is being dishonest
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Insurance is certainly not the first thing that most people think about when they hear someone mention “Thanksgiving”. The typical conversation revolving around Thanksgiving will be about all of the delicious food everyone will be eating and the friends and family everyone will be seeing, but underneath all of that holiday fun is the little known fact that Thanksgiving is the peak day for cooking fires (which makes sense since everyone and their grandmother, literally, is cooking). With Thanksgiving fast approaching, here are some helpful facts and tips for you to keep the holidays safe:
With the many responsibilities that come with being a restaurant owner, the sky is really the limit for the types of insurance coverage necessary to be completely protected. One type of coverage that is particularly overlooked is “Wage and hour coverage”. Wage and hour claims are becoming more and more common and can cause some serious issues for business owners and, although they are not entirely exclusive to the food industry and restaurant owners, this class of business is highly susceptible to this sort of claim for a variety of different reasons.
If you are a contractor in the State of New York please give this a read. Understanding what to look for to make sure that you are covered correctly for specific gaps in coverage can be the difference between being a thriving business and going bankrupt!