Central Insurance Companies

The Importance of Equipment Breakdown Coverage

One insurance coverage that is extremely important to property owners – and is sometimes overlooked – is Equipment Breakdown Coverage. Equipment Breakdown insurance has been available for commercial property owners for quite a while, but it is now commonly available as an endorsement to homeowner and rental dwelling policies.

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Lessons Learned from Tragedy

It’s been a few weeks since Category4 Hurricane Harvey slammed into southern Texas and hovered over the region dropping historical rainfall. The catastrophic damages are devastating. According to CoreLogic, a property analytics firm, between $25 billion and $37 billion worth of flood loss has hit homes and businesses across the region. Insurers will cover only about 30% of this damage.

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Turn On the Lights

When conducting loss control inspections, one of the first elements of a business I evaluate is the lighting. My reasoning is not only so I can see where I am going, but also knowing poor or inadequate lighting can lead to accidents. Adequate lighting (interior and exterior) is essential to crime prevention and keeping the premises safe for employees as well as visitors. The laws are clear when it comes to lighting. The owner of the facility, whether it be a business or residence, can be held responsible for failure to provide adequate lighting. In many circumstances, inability to do so is sufficient grounds to support a finding of negligence in the event of a lawsuit. However, many property owners often overlook or ignore this issue.

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Your Pet’s Emergency Plan

In light of the recent catastrophic events that have affected a large portion of the country, I wanted to write about preparing a particular member of your family for an impending event: your pet.

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Be a Part of the Team!

September is one of my favorite months. It’s the official start of fall, which is my favorite season. I love the cooler weather and the changing colors. I also love the football! Being born and raised in Ohio, I am a big fan of The Ohio State Buckeyes. In the spirit of full disclosure, I admit that I do not know a lot about football. I don’t know all of the rules and terms. I just enjoy the energy that surrounds football games, the food, the marching band, and the fans. Despite my limited knowledge of how the actual game works, there is one recurring theme that is difficult to miss: the theme of teamwork.

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Smart Tips for Parents of Teen Drivers

Adding a young driver to an auto insurance policy can cause sticker shock for a parent. According to InsuranceQuotes.com, a rate comparison site, adding a single teenager to a policy caused annual premiums to increase an average of 78%, or $671. The good news is that teen driver rates have been decreasing since 2013 when the average increase was 85%! (1)

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Filling the Gaps in Your Artisan Business Coverage

As the economy continues to improve, contracting work is starting to pick up. It is a competitive market which puts pressure on contractors to do more jobs in a shorter amount of time. At the same time, the construction industry continues to see a shortage in skilled labor according to the Bureau of Labor Statistics. These factors can cause contractors to make costly errors in their work from which, in some cases, small artisan contractors cannot recover.

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