Category: Articles
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Responding to a Property Loss
Significant property losses present business continuity challenges for many organizations. Following are some strategies which may minimize further damage and help to expedite the claims process. Respond to the Loss Prevent Harm to Associates If appropriate, call 911 – Report the incident to authorities and follow instruction. Evacuate personnel to the designated assembly area or…
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Navigating the Hard Property and Casualty Insurance Market: Strategies for Apartment Owners
Insurance costs for multifamily property owners rose significantly in 2020, compounding an already challenging multifamily market. Apartment owners saw insurance rates rise as much as 30%; assets that were viewed as challenged by the insurance marketplace made up the highest end of the spectrum. An increase of $50 a unit for insurance cost is meaningful…
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Why Cyber Insurance Is Essential for Small Businesses
When small business owners think about cyberattacks, they picture major corporations like Target or Equifax making headlines. However, in reality, small businesses are increasingly targeted by cybercrime and often experience devastating financial consequences. Even among those businesses that are aware of today’s cyber risks, 64% believe their operation is too small to be an attractive…
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How to Create a Home Inventory
When was the last time you updated your home inventory? More importantly – do you have any sort of home inventory at all? Documenting all of your personal belongings can seem daunting, but trying to calculate the total value of your loss after a fire or burglary without an inventory to refer to is an…
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Beginner’s Guide to Collecting Whiskey
The whiskeys you choose to build your collection with are entirely dependent upon the purpose of the collection – is this a hobby for your own personal enjoyment or is it an investment opportunity? For a lot of people, a whiskey collection is a mixture of both pleasure and potential profit. What to Buy Whiskeys…
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Creating a Legacy by Maximizing IRA Assets
Many high-net-worth individuals will be transferring wealth to the next generation from their Individual Retirement Accounts (IRAs). For those that have overfunded these accounts, they realize that all or part of it will be left to their heirs and that taxes could eat up a significant chunk. Life insurance may be a tax-advantaged way to…
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How to Increase the Efficiency of Your Refrigerator
Did you know that your refrigerator is responsible for about 10% of your total electric bill?1 With one appliance zapping so much energy, here are a few steps you can take to keep that electric bill in check—and help your refrigerator last longer. Clean the coils. Experts recommend cleaning refrigerator coils underneath the fridge at…
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Benefits of a Standby Generator for Your Home
A power outage can be quite disruptive—especially if you or your spouse is working from home. Now is a great time to consider investing in a standby generator so you can be prepared for that next power failure. What Is a Standby Generator? There are two primary types of generators: portable and standby. While these…
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Protect Your Confidential Data
Even with tremendous investments in cyber security, the most common way for hackers and fraudsters to gain access to your confidential information is to trick you into opening or responding to an email or other online message that looks legitimate. Here are tips to help you avoid becoming an easy target for hackers and…
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7 Fire Pit Safety Tips
Whether you already have a fire pit, are planning to build one yourself or just purchased a portable one, it’s important to review these tips so that you and your family can safely enjoy time around the fire. Select the right spot for your fire pit. Build your fire pit on level ground and out…