You’re facing a deadline to complete work under a major contract – when a voltage spike surges through your electrical lines, burning out computers and telephone equipment. How would you pay for replacing or repairing the damaged equipment, taking the steps needed to get back in production, and replacing lost income?
In today’s high-tech electronic world, more and more companies are buying Equipment Breakdown policies (formerly known as Boiler & Machinery insurance) to protect themselves against losses from a variety of mishaps that are sometimes unpredictable and often unavoidable: everything from mechanical failure or electrical short circuits to “arcing” (faulty wiring or motor burnout. The rapid growth of Internet marketing and “just in time” inventory make businesses more dependent than ever on computers – while critical data often exists only on the Internet or online databases that can’t be accessed when equipment breaks down.
Depending on their size and sophistication, some businesses include this coverage in their Property insurance, while other purchase it as an endorsement to the policy.
A comprehensive Equipment Breakdown policy should include:
- Reimbursement for the cost of repairing or replacing damaged equipment (Some policies also cover green construction, disposal and recycling methods)
- Replacement of income lost from downtime (“Business Interruption” or “Service Interruption” coverage)
- Assistance from your insurance carrier, ranging from maintenance guidelines and checklists and crisis planning templates to identifying sources for repairs, unusual parts, or replacement equipment that can be obtained quickly.
Our Business insurance experts would be happy to help you obtain a cost-effective Equipment policy that’s tailored to your needs. Just give us a call.
Nearly six million traffic accidents occur in the U.S. every year – more than 16,000 a day (or one every 10 seconds).
If your company owns, operates, or uses motor vehicles – or if you have employees who use their cars for business purposes – you need Commercial Auto Insurance to provide financial protection against losses from mishaps that occur behind the wheel.
This valuable policy provides these coverages:
- Bodily Injury Liability pays the cost of bodily injury to others from accidents for which you are responsible. If you’re sued, it also pays your defense and court costs.
- Property Damage Liability picks up the tab for property damage to others for which you are responsible, as well as defense and court expenses.
- Personal Injury/Medical Payments usually covers medical and funeral expenses for bodily injury from an accident that involves an insured vehicle.
- Collision pays for a covered vehicle that is damaged by a collision with another vehicle or object.
- Comprehensive Coverage pays for a covered auto that is stolen or that is damaged by causes other than collision or reckless driving.
- Uninsured/Underinsured Motorists covers injuries and, in some cases, property damage, when you’re involved in an accident with another person who either doesn’t have Auto Insurance or carry enough coverage.
Before you purchase or renew your Commercial Auto Insurance ask yourself these questions: 1) how much Liability Coverage you should buy, and 2) how large of a deductible should you choose?
We’d be happy to help you choose the most cost effective policy for your needs. Just give us a call at Scurich Insurance Services Today!
The long Memorial Day holiday weekend is on the horizon and for many, plans will include taking to the highway, pulling out the grill for a backyard barbecue or having fun in the water. The American Red Cross has steps everyone can follow to stay safe whatever their plans include.
“Memorial Day weekend marks the unofficial start of summer fun and we want everyone to have a safe holiday,” said Meghan Spreer, Communications Director, Kansas Capital Area Chapter. “Whether the weekend will involve travel, grilling or swimming, we have safety tips everyone can follow.”
With more people on the roads, it’s important to drive safely. Be well rested and alert, use seat belts, observe speed limits and follow the rules of the road. If plans include drinking alcohol, designate a driver who won’t drink. Other tips for a safe trip include:
- Give one’s full attention to the road. Avoid distractions such as cell phones.
- Don’t follow another vehicle too closely.
- Use caution in work zones.
- Make frequent stops.
- Clean the vehicle’s lights and windows to help the driver see, especially at night.
- Turn the headlights on as dusk approaches, or during inclement weather. Don’t overdrive the headlights.
The Red Cross offers these tips to stay safe while cooking those tasty cookout treats:
- Never grill indoors – not in the house, camper, tent, or any enclosed area.
- Always supervise a barbecue grill when in use, and make sure everyone, including the pets, stays away from the grill.
- Keep the grill out in the open, away from the house, deck, tree branches or anything that could catch fire.
- Keep the chef safe by using the long-handled tools especially made for cooking on the grill.
- Never add charcoal starter fluid when coals have already been ignited.
- Be ready to close the lid and turn off the grill to cut off the fuel if necessary.
- Keep a fireproof pan under the grill to catch any falling ash or grease.
- Trim excess fat from meat to avoid flare-ups.
- Wash one’s hands in hot soapy water before preparing food, after touching raw meat and after any interruptions such as using the bathroom, handling pets, stopping to do something with children.
Learning to swim is one of the best steps someone can take to be safe around water. People can contact their local Red Cross chapter and learn how to swim as well as get the facts about water safety, home pool safety, first aid and CPR classes. Other swimming safety tips include:
Swim in designated areas supervised by lifeguards.
- Always swim with a buddy; do not allow anyone to swim alone.
- Have young children or inexperienced swimmers wear U.S. Coast Guard-approved life jackets around water, but do not rely on life jackets alone.
- Have appropriate equipment, such as reaching or throwing equipment, a cell phone, life jackets and a first aid kit.
- Know how and when to call 9-1-1 or the local emergency number.
It’s important to constantly supervise children when they are near water. Never leave a young child unattended near water, and do not trust a child’s life to another child; teach children to always ask permission to go near water. Avoid distractions when supervising children around water. If a child is missing, check the water first. Seconds count in preventing death or disability.
The Red Cross and National Swimming Pool Foundation® (NSPF) have developed an online safety course for pool and hot tub owners. Home Pool Essentials helps people understand the risks of pool ownership, how to maintain a safer and cleaner pool, what safety equipment is appropriate, how to prevent pool and hot tub entrapment hazards, and how to respond to an emergency.
Your credit scores help determine what you’ll pay for an auto loan – and Auto insurance.
Studies by state regulators, universities, and independent auditors show that such credit information as how often you’ve paid a bill more than 60 days late can predict your probability of making an Auto claim and its cost. Insurance companies use this data to help set premiums.
However, one study found that 96% of Americans don’t review their credit report once a year, even when they can do so for free. According to the Federal Trade Commission, one in four consumers had errors on their reports that could affect credit scores – and 5% of these mistakes could mean that they’re paying more than they should for Auto insurance and financing.
To make sure that your credit report is accurate, improve your score, and keep your Auto premiums down, experts recommend these guidelines:
- Order free reports from the three credit reporting agencies (Experian, TransUnion and Equifax) throughAnnualCreditReport.com , one every four months. Correct any errors immediately.
- Pay your bills on time. Payment history counts for 35% of your score.
- Keep your credit card balances below 20% of available credit.
- Monitor your credit history. Because credit bureaus look at how long you’ve had an open and active line of credit, the worst thing you can do for your credit score is to close credit card accounts. Not only do you lose your credit history for that card, but your overall utilization ratio goes up.
- Don’t open new accounts in quick succession. This represents a greater risk, especially for people who don’t have a long credit history.
Scurich Insurance Services was established in 1924 and has been serving the Monterey Bay Area. Our ability to meet your business needs – and go above and beyond – is what has made Scurich Insurance Services the nation’s leading Insurance Agency.
Taking care of business means taking care of you. That’s why we work hard to assist you in selecting the appropriate coverage’s whether it is business or commercial insurance.
Contact us for more details or connect with us on Facebook and LinkedIn!
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Toll Free: 1-800-320-3666
EMail: [email protected]
Bundling insurance products with one company – and scoring cheaper premiums as a reward – isn’t a new concept. But, according to a recent study by J.D. Power and Associates, not only is bundling still popular among consumers, it also results in higher customer satisfaction.
The study found that nearly 60 percent of customers bundle auto and homeowners policies with the same insurer.
When customers need additional products – such as motorcycle, boat and life insurance – 77 percent of them choose to bundle. The study notes that insurance bundlers also tend to be more satisfied with their insurers overall, not just with the premium discounts they’re getting.
“It’s easier to manage insurance policies when you don’t have to work with multiple insurers. And if you have a claim, you just need to call one company.”
Take a look at all your insurance policies. If they’re not with the same insurance company, you could be losing as much as 25 percent in bundling discounts on each car, as well as on your homeowners policy. Think about including your life insurance, as well, which could result in another 2 to 5 percent in savings.
Research options for renters. If you don’t own your home, bundling may still be an option. Look into bundling a renters policy with your car insurance, which might result in as much as a 20 percent discount on your auto coverage. Because renters insurance is inexpensive, it may almost pay for itself by savings through bundling.
Scurich Insurance Services has the auto, homeowner’s, and renter’s insurance information you need to save on your insurances.
Contact us today! 800-320-3666