Central Insurance Companies

One Word

Earlier this year, my company offered a presentation about Jon Gordon’s book One Word That Will Change Your Life. The basic idea of the book is to choose one word to focus on as your driving force for the year. Instead of making a New Year’s Resolution (that no one seems to keep anyway) you choose a word to live.

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Dress for Safety this Halloween

As the temperatures lower and we start to enter into the fall season, one of my favorite holidays is approaching: Halloween. I remember as a kid the excitement that would build each week as it approached. Being able to dress-up and pretend to be something you idealize is an American tradition unlike any other. For one night a year, you are encouraged to get outside of your home, knock on your neighbor’s door, and ask for a Trick-or-Treat.

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What’s Mine Is Yours…for A Fee

The sharing economy is a term that describes the peer-to-peer economic model in which individuals can rent or borrow assets (goods and services) owned by someone else. Other names include the gig economy and access economy. While the practice is not new, due to the rise of Internet commerce, it has rapidly expanded in the last decade and is estimated to grow to a $335 billion business by 2025. Such rapid growth is understandable considering anyone with reliable Internet access can partake. Companies such as Uber, Lyft, and Airbnb are leading the way with global operations and millions of users worldwide. While such easiness makes these platforms accessible, they also present pitfalls and dangers that are not present in other forms of commerce. Whether you are thinking about joining the sharing economy or are already partaking, realize that there are dangers.

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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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