Posts made in October, 2014

Car Insurance- Quick Facts

Posted by on Oct 30, 2014 in News | 0 comments

So you have car insurance and you’re confident it’s the right one but are you paying more than you’re supposed to? It’s time you rethink your options and look around because you might be spending more, much more. Auto insurance acts as a shield against financial loss just in case you happen to have an accident. Your insurance company, according to the contract terms and conditions, pays for the losses incurred. You on your part pay a fixed premium. The world we live in runs more than just on car fuel but also emotional fuel. You don’t just buy an expensive car but you insure it, pay taxes and of course provide fuel to your shiny baby. So it’s important you select the type of insurance that provides maximum coverage and does not put a strain on your pocket. Coverage? What Coverage? You prefer coverage that takes care of your car benefits as well as these health benefits. The basic types of coverage are as follows: Liability If you go for liability coverage, the insurance company will pay for third party personal injury, any damage to other person’s property and on top of that takes care of death claims. Collision This one covers damage to your car in case you hit another car. It also covers accidents where you hit some other object because of a wet road. It takes care of the repair costs. Comprehensive This coverage takes care of the damage done due to theft, vandalism, fire, flood etc. It basically covers losses other than the normal day to day collisions. Know Your Rates! Your insurance rates highly depend on the type of coverage you take. But there are a few more reasons that are responsible too. Reasons like age, gender, location, driving habits, vehicle type etc. Young drivers are inexperienced and this is why they’ve to pay more. Men when compared to women have higher rates. If you live in an area that has a serious crime rate then you’ll end up having a higher insurance rate as well. Your daily car usage is also another factor that matters. The type of car you buy is another reason because the more expensive the car is, the higher the rates will be. It’s better to discuss the rates with your insurance company before actually buying the car. Some companies also offer a driver training session and if you take one, you can end up getting a discount on your rates. If you have safety or anti-theft devices in your car, it’s a good sign. This means that your car is well equipped and there’s little that an insurance company has to do for you. Tip Having auto insurance is a must but it’s equally important that you do your research, understand your requirements and only then decide what’s best for you and your car. It’s wise to do a little background check of the list of insurance companies you’re looking for. This ensures you don’t end up paying a massive dollop of cash for your car that you could’ve just used for anything...

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Data Breaches and Identity Theft – What You Need to Know to Protect Your Business

Posted by on Oct 28, 2014 in News | 0 comments

Identity theft is a fast-growing problem, with multiple, large companies being victimized by major data breaches in the past year – and the pace is accelerating. More than 200 million data records were stolen in just the first quarter of 2014, according to research by SafeNet. One in three people who are victims of data breaches will quickly become victims of fraud, found Javelin Strategy and Research. “Data breaches continue to be a pervasive problem in the digital age, and we expect that trend to continue,” said Scott Mitic, Senior Vice President at Equifax. “Our tendency to share personal information online leaves that information vulnerable to hackers and identity thieves.” Whether viewing this information via computer, tablet or smartphone, your use of modern-day technologies increases your risk for identity theft. Equifax advises consumers to protect themselves by following these tips. Make sure your security software is updated on both your computer and smartphone. Free solutions are available from reputable sources. Keep your phone locked with an access code. Turn off Bluetooth and Wi-Fi. Download the latest software updates for your device to fix security holes. Be on the lookout for email scams. Keep your social media accounts private and don’t share common identifying information like your mother’s maiden name or your birth date. Use unique and complex passwords. After a data breach, change your passwords, place a fraud alert with the credit reporting agencies, close affected accounts and monitor your credit report. “As we go about our daily lives, it can be easy to forget how the technology we use every day can makes us the target of identity thieves,” said Mitic. “But by arming yourself with knowledge and the right techniques, you can help protect your personal information.” Source: Equifax...

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Why You Need an Annual Insurance Coverage Review

Posted by on Oct 24, 2014 in News | 0 comments

Major purchases and lifestyle changes such as marriage, divorce or retirement can have a profound effect on your insurance needs, so an annual insurance coverage review is always a good idea, according to the Insurance Information Institute (I.I.I.). “To make the most of your insurance dollars, it is very important that you let your insurance agent or company representative know about alterations to your home and other major events in your life,” said Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I. “A great way to start the New Year off on a firm financial footing is to discuss your current insurance needs with your agent, broker or company representative to make sure that your coverage is up-to-date.” The I.I.I. recommends you consider the following ten questions: Have you gotten married or divorced? If you have gotten married, you may qualify for a discount on your auto insurance. Couples may bring two cars into the relationship and two different auto insurance companies, so take the opportunity to review your existing coverage and see which company offers the best combination of price and service. If you are merging two households, you may need to update your homeowners insurance. And you may want to consider increasing your insurance for any new valuables received, such as wedding gifts, and for jewelry, such as wedding and engagement rings. After getting married, it is also important to review your life insurance needs. If one spouse is not working, he or she might be dependent on the working spouse’s income; if so, reviewing life and disability insurance coverage is prudent. And even if both spouses are working, couples often make financial commitments based on both incomes so the loss of one spouse’s income due to death or disability could be financially devastating without adequate insurance. If you got divorced, you will probably no longer be sharing a car and may move to a smaller home. If this is the case, you should inform your insurer as you will need to set up separate auto and homeowners policies. Have you had a baby?  If you have recently added a child to your family, whether by birth or adoption, it is important to review your life insurance and disability income protection. According to a MetLife study of survivors (i.e., spouses and children) of someone who died “prematurely,” 39% had no life insurance at all, and of these families, 40% had children under age 18. Therefore, in about 16% of all cases, survivors of prematurely deceased persons were families with young children of who had no life insurance. If you are planning for your life insurance to match your survivors’ expenses after your death, the new child will no doubt add to those expenses, requiring more life insurance to keep your family secure. If you plan to save for your child’s college education, life insurance can assure completion of that plan. And if you keep your current life insurance policy, don’t forget to update the beneficiary designations to include the new child. Did your teenager get a drivers license?  It is generally cheaper to add your teenagers to your auto insurance policy than for them to purchase their own. If they are going to be driving their own car, consider insuring it with your company so you can get a multi-car discount. And choose the car carefully—the type of car a young person drives can dramatically affect the price of insurance. You and your teens should choose a car that is easy to drive and would offer protection in the event of a crash. Also, encourage your kids to...

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Oil & Gas Operations

Posted by on Oct 21, 2014 in News | 0 comments

We specialize in all sectors of the oil and gas industry.  Our programs include the following coverages: Oil & Gas Manufacturing Operations Oilfield Service Operations Offshore Operations Well Owner Operators Well Owner Non-Operators Salt Water Haulers Fracking Operations Fracking Back-Flow Operations Property Coverages Contractor’s Equipment General Liability Pollution Liability Professional Liability Business Auto Heavy Truck Auto Workers’ Compensation United States Long Shore & Harbor Workers Jones Act Umbrella Liability Trade Credit Insurance International Coverage...

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