Thursday, October 30, 2014

Have a Safe and Happy Halloween!

As you and your family bring out the Halloween decorations and prepare for parties and trick-or-treaters, take time to evaluate the liability exposures associated with having guests on your property.


Keep the following tips in mind to ensure Halloween is safe and happy for your family and guests.


Read the Halloween safety tips now...

Tuesday, October 28, 2014

10 Things You Probably Weren’t Aware You Could Insure

We are always hearing about traditional insurance policies ranging from auto to life but let us spice it up a bit and talk about some untraditional policies.

 Although many companies tend to avoid unique risks, do not fret there is still a chance strange circumstances can be accommodated.

Here are ten things you probably were not aware you could get coverage for.



Tuesday, October 21, 2014

Protecting Schools From Risk Exposures

Today, children in school can be threatened by weapons, sexual molestation and harassment, as well as general premises risk exposures. Should a child be injured by a weapon, molested or even a fall down the school stairs, the result is usually a lawsuit filed by the parents against the school. So, how does a school protect against these exposures?

Many insurance companies offer policies designed to address the specific risk exposures facing schools and universities. However, these policies are based on the standard general liability policy, so it is appropriate to discuss that policy with reference to the coverages it supplies, and denies, to schools.



Wednesday, October 15, 2014

What Are American Consumers' Greatest Worries?

Travelers has released the findings of its second annual Consumer Risk Index, which measures Americans’ general perception of risk in daily life.

Conducted in late July by Hart Research, Travelers’ survey of 801 adults found that 1 in 4 U.S. consumers believe that today’s world is very risky, with 6 in 10 respondents reporting their feeling that the world is growing riskier. Only 1 in 8 people feels the world is becoming less risky.

Many respondents said they are preparing for uncertainty and are being proactive in managing their risk. When asked about steps they are taking to mitigate risk, 82% of respondents have installed smoke detectors in their home and 64% indicated they had stored food and water in their home to prepare for extreme weather. Perhaps not surprisingly, one-third of Millennials feel their overall risk level is low compared to that of older demographics, and also were found to be less likely than other age groups to have a clear plan for what to do before and after an extreme weather event.



Monday, October 13, 2014

2015 Winter Weather Predicted to be Snowy and Wet

The 2015 Farmers’ Almanac predicts “copious amounts of snow and rain” over the eastern third of the country. In fact, along the Atlantic Seaboard active wintry weather is expected for the first 10 days of January and the first week of February with bouts of heavy snow and strong winds.

Flooding related to snow melting can overburden sewer systems, causing raw sewage to back up into the drains of homes. Backed up sewers can wreak havoc, causing thousands of dollars in damage to floors, walls, furniture and electrical systems.



Thursday, October 9, 2014

Senn Dunn Insurance Retained National Best Practice Agency Status

Senn Dunn Insurance, a Marsh & McLennan Agency LLC Company, has retained its status as part of an elite group of insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") "Best Practices" Study Group.

Wednesday, October 8, 2014

10 Risk Factors for Homeowners Insurance Policies

Customers buy insurance to minimize their risk and make them whole should a covered loss occur. What many may not understand is that a number of factors can cause their premiums to skyrocket before a covered peril even occurs. Adjusters and claims managers handling the ensuing claims also need to be aware of these possible red flags and their impact on any settlements.

An up-to-date home inventory complete with photos can be a major asset to any claim. Encourage owners to take a digital tour of every room to record furniture, electronics, antiques, works of art, family heirlooms and other irreplaceable items in the home. After a fire or major flood, it can be difficult to identify valuable items or their pre-loss condition.

The photos and a detailed inventory should be stored off-site in a safe deposit box or other secure location and copies provided to the insurance agent to ensure they are added to the appropriate policy. Keeping them on the computer at home won’t help if the computer is destroyed in a fire or stolen in a robbery.



Monday, October 6, 2014

Winter Emergency Plans for Business or Home

Fall has just begun, but winter storms are inevitable in many parts of the country.

As we close out National Preparedness Month, it’s a good time to put a winter emergency plan in place to help your business and family cope and communicate when the storms hit.


Thursday, October 2, 2014

The Ten Safest States for Drivers

With Americans logging more than 3 trillion miles a year, the risk of being involved in an auto accident is pretty high. In 2012, there were more than 5.6 million reported crashes, and almost 31,000 of those were fatal.

Obrella, a community-focused insurance and analysis agency recently released a report citing the 10 safest states for drivers. New England is the safest part of the country to drive in – four of the states are located in this area. If you live in the South, better make sure your car insurance is paid up – southern states scored very low on the list.

The states were ranked based on the fatality rate per 100,000 licensed drivers. The source of the data was the 2012 National Highway Traffic Safety Administration report.



Wednesday, October 1, 2014

3 Ways to Use Tech When Developing A Disaster Plan

Disaster planning has never been a fun topic to discuss. Many organizations think they are prepared, but don’t go beyond the traditional catastrophic/emergency preparedness strategies for when a disaster strikes. Insurers need to have a clear approach about how their business will continue both during and after a major disaster.

Disasters used to be a lot easier to define. They typically came as a result of bad weather, such as a hurricane, flood or tornado, and meant that business may be closed for a few days to clean up if none of your critical business systems were damaged. But what if your critical systems were fatally damaged? Have you thought about or added data security to your list of potential disaster threats?