They are anticipating that both homeowners and personal auto insurance should stabilize a bit more in 2024 and have more normal price increases closer to 5%. For this year, if you are experiencing a price increase and would like us to review your coverage, please reach out to Mary Lou or Heather in our office […]
News / Links
We understand that knowledge is key to making informed decisions about your needs. We have provided this page as a resource tool to support our clients by providing valuable news articles on current insurance related topics as well as links to industry related sites. We trust that you will find this as informative and beneficial as we have.
Assurance Brokers is recognized as an expert in the insurance industry. Many times we are asked for opinions, and our professionals are published in industry-leading publications. On some occasions we also author and distribute white papers or informative letters to clients and referral sources. A select group of these items is presented below, along with additional articles of interest.
Cyber Insurance – Do I Need It?
If you have a cyber insurance policy, it can help you recover from a data breach, cyber-attack or other threats by reimbursing your company for the expenses incurred. Some policies can also offer legal defense or counsel, help notify your customers of a data breach (if needed) and crisis communications. Contact your team at Assurance […]
Construction Contract Review
There are a few areas to concentrate on during contract review to make sure you are agreeing to the best terms for your company. Those include dispute resolution by arbitration, what you are indemnifying, liquidated damages for delays, force majeure (delaying or disrupting a timeline), and consequential damages. For further explanation of items to highlight […]
Why Would I Need Flood Insurance?
The difference between a flood versus water damage has to do with the actual definition of the event itself. If the damage is caused by natural causes, such as a flash flood, hurricane, or rain event, it is considered a flood. If the damage is caused by a plumbing or machine failure, it becomes water […]
Does Your Business Need EPLI Coverage?
The most frequent current claims for EPLI include sexual harassment, discrimination, and wrongful termination, but new claims and trends see possible issues with marijuana legalization in states and gender pay gap. Beyond just purchasing an EPLI policy, there are other actions you can take to mitigate some of your risk. Keep reading here for additional […]
How to file a Claim after a Storm
Filing your claim the proper way will help speed up the process of getting paid. These are some basic recommendations to start your process after any storm: Contact your insurance company (and agent) as soon as possible to start your claim. Document your loss with pictures. We also recommend starting an inventory list and written […]
Employee Retention Credit – Do You Qualify?
The Employee Retention Credit can be applied for wages in either 2020 or 2021. Even if you accepted the PPP loan in 2020, you could still be eligible for the ERC for 2021. Your payroll company should be able to help file your 941-X, amending your 941s for the claimed quarters, and apply for the […]
Helping To Simplify Medicare
Jennifer Marshall has been in the insurance field for over 17 years and is our resident licensed Medicare specialist. Jennifer leads our Assurance Brokers Ltd. team for medical, dental and vision insurance. Whether you are on Medicare Part A or B or need some advice on what to do before you start, please give Jennifer […]
Keeping Your Website Current
Before offering a quote, underwriters are now reviewing your website and social media pages to fully assess your company. As we progress to a harder market, offers of coverage can be declined completely if there are types of work listed that you don’t do. Carriers now assume that the website most accurately represents what you […]
Do You Read the Fine Print?
At times, additional language is inserted that states that once payment is accepted, the signer (contractor or subcontractor) acknowledges they have been paid in full for all changes to date, or it can state that the contractor has no potential claims against an owner or GC. A change order may have a fine print statement […]
