By: Betsy Vereckey The arrival of autumn is the perfect time to start thinking about preparing your home for cold weather and protecting yourself against costly repairs. In fact, the average cost of repairs after a storm is $8,389, according to Home Advisor, and can vary widely—between $2,292 and $14,552, depending on the damage. The good […]
An umbrella insurance policy provides an extra layer of protection beyond what your regular insurance policies for homeowners, auto, business, specialty—like boat and RV—provides so that you won’t have to pay out of pocket or, even worse, owe from your future income. Anybody can be sued, but some people may be more likely to be sued than […]
We use industry leaders like Philadelphia Insurance to protect our clients because of the tools they offer to PREVENT claims, not just cover them afterward Nearly 85,000 workplace discrimination charges, and another 12,000 sexual harassment charges, were filed in 2017 with the U.S. Equal Employment Opportunity Commission (EEOC). The cost of sexual harassment settlements rose […]
reprinted with permission – Philadelphia Insurance Companies. The earliest iterations of cyber insurance covered liabilities associated with network failures or breaches of private data – if your system security failed for any reason, cyber insurance covered the cost of the response. Traditionally, the retail, healthcare and financial services sectors were the top buyers of cyber […]
Hurricane season in North America runs from June 1st to November 30th. While hurricanes are known as a concern for the southeast region of the country, 40 of the 50 U.S. states have experienced hurricanes or tropical storms since 1866, according to FEMA. With that in mind, we recommend the following tips and resources to help […]
There are more than 1,000 residential fires per day, which in 2015 resulted in $7.2 billion in direct property damage and took 2,605 civilian lives, according to the National Fire Protection Association (NFPA). A Philadelphia Insurance Company study found that the leading causes of residential fires among its policyholders were electrical issues, smoking, and cooking. Additional […]
The best time to prepare for cold weather, snowfall, ice accumulation and storms is before winter sets in. Here are some tips to consider for protecting you home and family: Freezing temperatures -Have all furnaces serviced and chimneys inspected and cleaned. -Check your home’s perimeter and seal any air leaks with caulk and weather-stripping. Add additional insulation […]
Employment practices liability insurance (EPLI) coverage is on the rise – “with the biggest growth coming from small and midsize companies,” according to a recent Washington Post article. The barrage of high-profile sexual misconduct accusations in the news is no doubt fueling the take-up rate, which is already at 41 percent for large firms. In particular, […]
There is no doubt that the costs of a cyber incident can be staggering, with first party breach response expenses, business interruption loss, and third party litigation all having a noticeable impact on the bottom line. In some cases, the fallout may affect a brand’s reputation, strain a company’s ability to serve customers, or prevent […]
MYTH #1 Insureds in a high risk class of business will always have a high mod. FACT #1 Most top markets offer loss control services, which help reduce the frequency and severity of claims for any class of business. MYTH #2 All carriers would handle the same claim the same way. FACT #2 Some carriers […]
