Certificate of Deposit vs. SPUL You’ve probably heard of a Certificate of Deposit (CD) before. Your grandma or dear Aunt Sally may have gotten you one when you were a kid. Chances are good you have no idea what a single premium universal life insurance policy (SPUL). Its also unlikely you know why an SPUL […]
Batman: Trampoline? Batman is usually described as a hero, a vigilante, or sometimes even a threat by those who admire him. What fan in their right mind would compare Batman to a trampoline? An insurance professional, of course! We often do strange things that don’t seem to make sense! You may not believe this, but […]
“I’ve never heard of Travelers Insurance. What are they rated? Are they a good company? Why are you recommending I change to Travelers? Deciding to trust a new insurance provider to protect your home and your livelihood seems like a wild leap of faith sometimes. You want to have as much reassurance that the insurance […]
General Liability Where Gross Sales Isn’t The Rating Basis! Traditionally, the General Liability (GL) portion of a Commercial Package Policy (CPP) used sales as the rate basis to determine rates. Business Owners Policies (BOP) base General Liability rates on the amount of property at the insured location instead. Some hospitality businesses still benefit from this rate structure, like […]
One of the most significant pricing factors on a PA auto insurance policy is whether you select FULL tort or LIMITED tort. Many people are confused as to what Full Tort provides. Full Tort is NOT Full Coverage! “LIMITED Tort means I give up my right to sue in an accident” – OR – “I […]
There are Three Sources for Insurance Advice. Direct Insurance Writers – these are online or over the phone providers where you speak to someone in a call center or click to chat to issue an insurance policy. Examples are Esurance, Geico and Progressive Direct. Captive Insurance Agents – local agents who represent ONLY one insurance […]
“Should I buy the rental car insurance from the rental company when I rent a car?” My friend and fellow BNI member asked one Tuesday morning before the meeting. It’s a question that’s begging for a simple Yes or No, but there are some important issues to consider when renting a car. So I gave […]
If you sell or serve alcohol, you need have a liquor liability exposure! Damages resulting from the serving, sale or distribution of alcoholic beverages are covered by liquor liability insurance. Businesses of all kinds can have a liquor liability exposure if they: Host a party for employees, clients, vendors, etc. that makes alcoholic beverages available. […]
Buying your first home is an exciting time! Protecting your first home with a homeowners insurance policy presents a policy you’ve probably never encountered before. Here are five and a half insurance tips to help you understand your new risk management needs: Market Value and Replacement Cost are different ways of valuing your home, and they have absolutely […]
In this video I discuss the basic difference between a Captive Insurance Agent and an Independent Agent like Heritage Insurance Agency. Independent Agents represent a variety of insurance companies that provide a wide range of rates and product solutions. Captive Agents are exactly that – captives to one insurance provider, and may only present the […]
