Posts by charned1

Understanding the Cost of Commercial Flood Insurance

Posted by on Jul 28, 2016 in News | 0 comments

Property owners of both residential and commercial units purchased more than $3.5 billion in flood policies last year through the National Flood Insurance Program (NFIP). The reason? More lenders may be requiring flood insurance—and yours could ask for it, too. Insuring your home or commercial building against flood risk is important, but it is also important to understand its cost. One way to ensure cost-control is with an error-free elevation certificate, says Michael Allison, president of AmeriFlood Solutions, Inc. The elevation certificate is a document that indicates the elevation of the property, which determines insurance premium rates. The certificate must be free of errors and omissions—either could potentially cost thousands in needless expense, Allison says. “A signed and sealed elevation certificated does not ensure accuracy,” Allison said in a statement. “More than 50 percent of the elevation certificates reviewed by our staff have errors. Further, outdated elevation certificates may not reflect building improvements or uncover documentation errors or omissions that can cause insurance agents, brokers and carriers to rate flood policies inaccurately. That can add up to a considerable difference in the amount paid for coverage or measures implemented to mitigate flood damage.” Allison recommends reviewing the elevation certificate with an insurance broker or agent or flood risk expert—they can help you determine if you are paying too much (or too little) for flood insurance. Source: AmeriFlood Solutions,...

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Demystifying Management Liability

Posted by on Jul 21, 2016 in News | 0 comments

Management liability threats can be mysterious for business leaders in private companies. Few understand the breadth of liabilities, their personal risk, and the remedies or protections. Our partner, Travelers helps businesses understand and demystify Directors & Officers Liability coverage.

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Risk Management Solutions for the Technology Industry [Video]

Posted by on Jul 8, 2016 in News | 0 comments

Mike Thoma, Chief Underwriting Officer for Travelers Technology, shares insights on insuring large technology companies. For more than 30 years, our partner, Travelers has served the technology industry, offering broad risk management solutions for a range of telecommunications, information technology, medical technology, and electronics manufacturing companies.

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Is Your Business Prepared for Hurricane Season?

Posted by on Jun 30, 2016 in News | 0 comments

Everyone thinks about their personal safety and homes during hurricane season but what about your business? As we all know, the best time to respond to a disaster is before it happens. By preparing ahead of time, you can help avoid disruption hurricane-related disruption of your business. Hurricane survival and recovery planning is sound business practice – and for some it’s the law! The American Society of Safety Engineers (ASSE) recommends these five basic steps: Develop a Comprehensive Plan. An effective hurricane survival plan should be written down and reviewed annually. For many companies, an Emergency Action Plan (EAP) is required by OSHA, so hurricane planning can be considered as a part of the EAP planning and review each year. This plan should address policies and procedures for employee safety regarding hurricanes, business continuity and contingency plans in the face of damage to the business’s facilities, policies for dealing with employees, customers and vendors, etc. OSHA suggests that some of the key elements of an effective plan are: • Conditions that will activate the plan • Chain of command • Emergency functions and who will perform them • Specific evacuation procedures, including routes and exits • Procedures for accounting for personnel, customers and visitors • Equipment for personnel Determine procedures and individual crisis management responsibilities. Identify which personnel are required to be on-site in the days surrounding a hurricane, as well as which personnel are essential to business function, whether required on-site or not. Be sure to communicate areas of accountability and responsibility for key personnel and how to perform their emergency-response duties effectively. Coordinate with others. Understand the hurricane response plans of other businesses in your area as well as police, fire department, hospitals, and utility companies. It is also helpful to communicate with suppliers, shippers, and others with whom you regularly do business. Prepare employees. Communicate your hurricane plan with your all personnel; ensure understanding of roles, responsibilities and expectations for every employee. Review emergency plans annually. Assess changes in your business or to the community that may affect your hurricane response plan and make the necessary changes each year. Visit or for planning tools and additional information on hurricane preparedness...

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Summer Work Safety Tips for the Outdoor Worker

Posted by on Jun 24, 2016 in News | 0 comments

It’s so important to take precautions as an outdoor worker during the summer months against sun and heat exposure and bug bites. We are always on the look out to help recommend safer conditions for your company and employees. Here are a few summer safety tips to help you maintain a productive and safe work environment this summer: Safety Under the Sun: Cover up. Wear lightweight, tightly woven clothing that you can’t see through Use sunscreen. A sun protection factor (SPF) of at least 15 blocks 93 percent of UV rays. Be sure to follow application directions Wear a hat. It should protect your neck, ears, forehead, nose and scalp Wear UV-absorbent shades. Sunglasses should block 99 to 100 percent of UVA and UVB radiation. Before you buy, read the product label Beware of the Heat Factor: During the summer months, the combination of heat and humidity – especially in Houston – can be a serious health threat. Make sure to: Drink plenty of water before you get thirsty Wear light, loose-fitting, breathable clothing such as dry-fit material Eat smaller meals before work activity Skip the caffeine and soda; drink water instead Be aware that equipment such as respirators or work suits can increase heat stress Bug and Tick Safety: Take the following precautions to protect yourself from ticks if you work in tall grass or wooded areas. Wear light-colored clothing to see ticks more easily Wear long sleeves and long pants Tuck pant legs into socks or boots Wear high boots or closed shoes that cover your feet completely Wear a hat Use tick repellants, but not on your face Wash and dry your work clothes at high temperatures Examine your body for ticks after work. Remove any attached ticks promptly with a tweezers. In some regions, ticks may transmit Lyme disease. If you get bit and develop a rash, see your doctor. To those who are allergic or get stung multiple times, bee, hornet, yellow jacket and wasp stings can be dangerous. Wear bug repellant Avoid wearing heavy perfumes or scented lotions Check before drinking from cups, bottles or cans. Stinging insects are attracted to sweet drinks You can help mitigate risk at your workplace by following these summer safety...

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