Mechanical Breakdown Insurance More Than Boiler Insurance
During a heatwave, many systems are being worked to their limit. This heavy workload could cause a mechanical breakdown. Insurance for mechanical breakdowns/equipment breakdown can be purchased as a separate policy or as an endorsement to your commercial insurance policy, Equipment Breakdown: A standard policy will cover the following types of equipment. Electrical systems-Including electric…
Read MoreThe Masks Have It
Discover a lighter view for families planning Halloween costumes during COVID-19 times. Read how masks easily fit into your family’s Halloween costume ideas. COVID-19 and Halloween can and will co-exist. “The Masks Have It” reflects upon Halloween 2020 with new eyes and imagination. The Masks Have It Trick or treat Goblins replete Masks on scene…
Read MoreActual Cash Value (ACV) vs. Replacement Cost Insurance
Small and medium size business (SMB) owners have a multitude of responsibilities and concerns with running their own business. I understand your concerns because I own a business too. And if you own the commercial property your business is in you have (at least) two businesses to worry about. One of the most important decisions…
Read MoreNew Concerns for Owners of Apartment Buildings
COVID-19 continues to surge across northeast Ohio! The unemployment rate is near 9% in Ohio, a new stimulus package seems unlikely in the next month and the Centers for Disease Controls has put a moratorium order on all evictions through the end of the year (under certain circumstances). What are landlords to do to ensure…
Read MoreWould You Invest $100 to Save a Life?
As the owner of rental properties, if you could reduce your economic loss by reducing the size of a cooking fire for approximately $50.00 per unit would you do it? You can do this with a simple item called StoveTop FireStop. According to the National fire Prevention Association (NFPA) a kitchen fire starts every 8…
Read MoreThe Lost Year of 2020 and Church Liability Insurance Premiums
Discover why church cutbacks related to COVID-19 may result in partial insurance premium returns. Read about reductions in church operations that may lower insurance liability premiums. In many ways COVID-19 has collectively rendered 2020 as the lost year. Nobody has escaped some element of personal tragedy, economic loss, or disruptive lifestyle adjustments, due to COVID-19.…
Read MoreWho Really Pays the Insurance Claim?
Dealing with property claims is always a concern for you, the property business owner. Do you have enough insurance coverage for the loss? What if the loss is caused by a defective appliance such as a refrigerator, stove, electrical cord, and/or a water supply line? Suppose you are a landlord, and the property loss is…
Read MoreManaging Fluctuating Inventories in Your Business
I recently was at the local Westlake, Ohio hardware store looking for a new smoke box for my grill. I couldn’t help but notice the area that was filled with grills and grilling equipment two weeks ago had been converted over to snowblowers and winter maintenance items. OUCH! (Read more) Of course, this made me…
Read MoreSafe Church Policy
What is meant by the term “safe church policy”? Essentially, it is an intentional plan implemented by a church to prevent acts of sexual abuse. A safe church policy is designed to protect all persons from acts of sexual abuse, whether an alleged act is committed by a person of authority (i.e. minister, pastor, rabbi,…
Read MoreGrab a Pencil, Trade Contractors
Read four scenarios relating universal life events with trade contractors’ need for insurance. Learn a few insurance basics by taking a quiz focused on trade contractors and insurance. It’s September 2020, and we’re all back to school in one way or another. In the spirit of back-to-school, today’s blog is presented in quiz format. The…
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