Small Business Insurance is an expense that must be looked at very closely. In order to make that happen we must have the finest coverage, with the best pricing available. By choosing the correct carrier you must have the a very good agent with a small business understanding all over the USA. We bring you the understanding, knowledge, and integrity to assure the best solution for small businesses all over America. Our company is one of the finest insurance brokerage's for small business owners. We deal with our customers, regardless of size, as if they were a large client. There is no business that gets put before another. We pride ourselves by bringing the element of service to the educational level. We wish to teach the customer our process from begining to end. We also bring our customer into the actual process of obtaining insurance. By making our customer a part of the insurance purchasing experience we make them an active participant with a role in our business. A customer who is part of the Mann Insurance Experience will allow themselves to understand enough of the insurance to believe Mann Insurance will always do what is best for them. That is our role as a Trusted Insurance Advisor, to do what is best for their clients.
Mann Insurance is ready to assist you with your every need: 630-546-9303.
COBRA Continuation Coverage Assistance Under The American Recovery And Reinvestment Act Of 2009
If you are anything like me you will want to know all about the way in which the new COBRA Continuation Coverage Assistance will affect the small business owner.
This is President Obama's attempt to give a little "stimulus" to the small business owner. Basically it works as follows:
•· All USA Employers MUST notify employees by 4/18/2009 of their rights under the new assistance.
•· If an employee left employment or was terminated this new assistance applies IF they left employment on or after 9/1/2008.
•· IF they are under COBRA rules there is an 18 month time period from when they were eligible for COBRA benefit. Once that 18 months are up (from when their employment ceased) there is no coverage.
•· IF they are under State Continuation rules there is a 9 month period from when they were eligible for State Continuation benefits. Once the 9 months are up (from the date their employment ceased) there is no coverage.
•· IF the Employee declined COBRA or State Continuation benefits (only if employment ceased on or after 9/1/2008) they are able to be added to the plan with coverage effective 3/1/2009.
•· The subsidy goes into effect on 3/1/2009.
•· If the Employee paid 100% of COBRA or State Continuation coverage prior to 3/1/2009 they get nothing back.
•· Employees will enjoy having their employer paying 65% of their premiums, and the employee is responsible for 35% of the premium.
•· Employers who are paying for the 65% premium there is a credit coming their way on the next quarterly wage and tax form. They can maintain that credit on their quarterly wage and tax forms until this subsidy ends.
Subsidy ending? Who are we kidding, the small business is paying 65% of the premiums. The credit comes at the end of the quarter. The small business is still working out in the fields to earn money to pay the 65% of the premium. The small business has to wait for the next quarterly statement to add in some credit which theoretically offsets the outlay of cash for the 65%. Funny thing about this credit is that it comes after the small business shells it out for a while, then receives it.
I am sure you are all reminded of Wimpy from Popeye The Sailor Cartoons. "I will gladly pay you Thursday for a hamburber today". Same thing the US Government is doing for us with this "subsidy" for group health insurance. When the Government decides to pay us back for a credit to employees today the US Government has just become our own personal version of WIMPY. Also we are going to be paid back for AIG, Mortgage Businesses, Banks, and of course the BIG 3. So when do we owe it, how long to pay it back?
No one is talking about that. I believe my children's children will be paying for this.
Let's watch and see what happens and if we can pull this out a little.
On 10/28 I attended the MEDTRADE convention in Atlanta, GA. It is a great show for businesses that sell home medical equipment, rent home medical equipment, or service home medical equipment. From now on I will use HME for Home Medical Equipment. The HME providers will provide equipment for use in the home: hospital beds, specialty beds, mobility equipment, wound care, oxygen products, and any other disposable, consumable, or durable used in the HME industry.
During my attendance at MEDTRADE I noticed there are many insurance needs or the HME business. The number of insurance companies providing this insurance is smaller, yet there are a few that are totally committed to this business. Pharmacists Mutual, Gemini, United National, and a few others are very serious about this class of business.
We provide the liability insurance, property insurance, workers compensation, and any auto insurance needed for the HME industry.
Jack Mann 630-546-9303 is the person to contact for quotes.
Jack Mann wrote the insurance for Reliable Plating in Chicago, IL in 2001. After writing the insurance Jack Mann chose to reccomend quite a few changes for the customer. The most important reccomendation ever made was for the client to hire a firm to come through their facilities to assure the correct REPLACEMENT COST was in place for their commercial property insurance.
After the firm found out what the actual REPLACEMENT COSTS were, Jack Mann figured out what the potential loss for DEBRIS REMOVAL would be in the event of a loss. Based on the number of gallons of chemicals, caustics, acids there would be a lot of debris costs after a loss. Once the cost of debris removal is approximated Jack Mann found out a way to cover all of the buildings, contents, and debris removal without the threat of a coinsurance penalty.
In 2005 Jack Mann no longer had a competitive market for metal finishing job shops. Jack then directed the owners of Reliable Plating in Chicago to another direct writer. After the direct writer wrote the account for a year or so Reliable moved to another insurance brokerage. The principles were still in place as Jack Mann instructed Reliable Plating to maintain the level of coverage, the property insurance form, and the coinsurance being taken out of the picture.
On October 23, 2008 the work Jack Mann did with his former client came to be an amazing meeting of proper insurance advice and a horrible catastrophe:
Extra-Alarm Fire Destroys Warehouse
Investigation Into Cause Delayed Due To Chemicals Inside
Reported by CBS 2's Mai Martinez and Kris Habermehl CHICAGO (CBS) - Chicago firefighters were still on the scene late Monday morning after a fire destroyed a warehouse on the Near West Side.
The fire broke out in the early morning hours in the warehouse belonging to Reliable Plating, at 1514 W. Lake St.
Firefighters were called to the scene around 4 a.m., and while the fire was considered to be under control slightly over an hour later, it took firefighters several hours to battle the 3-11 alarm blaze.
Shortly after firefighters were notified, an alarm system summoned the company's owner and manager.
"They don't know how it started," said manager Coult Greenwall. "They say maybe when they investigate it they may be able to determine how it started."
Business owner James Greenwall said when he was notified, he was told, " There's a problem at the building. There's a fire. Looks like it's pretty extensive."
The Greenwalls said the plant specializes in electroplating, and also provides chrome plating for such companies as Harley-Davidson and Mercury Marine.
A witness at a nearby business said the fire spread very quickly.
Witness Gerald Sorensen said he saw "big flames, and then the walls started falling down. First the west wall fell, and then the back wall fell, and the roof collapsed. So then the flames went real high."
A witness said firefighters tried to make their way into the building when the roof collapsed.
Firefighters said initially, there were concerns that the blaze might spread to a joining business, but a firewall between the two businesses prevented that.
No one was injured in the fire.
But as a precaution, the Green Line 'L' was closed for a period of time between California Avenue and Clark and Lake streets. The line was later reopened, but the Ashland stop was kept closed as firefighters battled the blaze.
By 5:30 a.m., the fire was more than 90 percent contained, but hazardous materials crews had to be brought in to deal with chemicals used and stored at the plating facility. The chemicals included known corrosives.
Later in the day, "They'll be taking meter readings, and they'll find out if we can get in the building later on to see if any of the chemicals were compromised - meaning spillage - or actually on fire to that degree," said Fire Deputy District Chief John Nokes.
Reliable Plating has been in the building for more than 60 years. Chemicals are used and stored there, and because of their likely involvement in the fire, investigators have yet to get in to work on determining the cause. The investigation into the fire is expected to take days.
WOW!!!! After the fire Jack Mann called the owner of Reliable Plating as a friend to see if there was anything he could do, even though he did not insure the building that caught fire. It seemed that the owner was a bit upset when Jack Mann received a call back. Upon getting the call back Jack was asked to meet the owner in the building that did not burn the next morning.
After careful review Jack Mann informed the owners of Reliable Plating that hiring an outside adjustor would not be needed. Jack Mann also stated that the work done years before would make sure that this loss was well taken care of. Also Jack Mann reccomended that there be a "revision" of the replacement cost numbers from the firm that did the original "costimator". Jack Mann assured the owner that there was not a need to hire an independent adjustor, and the claim should be a smooth process.
The claim was smooth, the facility was cleaned up, and the operation was rebuilt in a different building. The customer is very happy, and the customer feels Jack Mann did the correct work for Reliable Plating in Chicago.
I attended the MAMES show with over 120 other businesses that are in the Home Medical Equipment Sales/Leasing businesses. I met with John Webb of ZirMED who is a Sales Executive for them. ZirMED sells web solutions for the insurance claim, medicare, statement processing, and credit card issues that may arise with any Home Medical Equipment business. John and I spent the day together at the show and I know him now to be a very professional authority in this industry. I look forward to referring him business in the future. For any and all Home Medcial Web Based Solutions Call John Webb @ 502-762-3322.
Depending on where a property is located the property rates vary. lets say a home (or business) located in Chicago, IL in the Austin District. That is a protection clas two. Let us assume a building limit of $500,000 and a contents limit of $100,000. The premiun is unimportant as we are dealing with percentages, however this will cost $2,500 annually with an A rated insurance company.
Now for the fun part....the very same building valued at $500,000 with the same $100,000 in contents in a rural town with a volunteer fire department. WOW. As you will see the cost for this can be quite different. A volunteer department will always bring a protection class 9. The cost for this will be $4,000 annually.
The additional $1,500 are specifically attributed to the protection class 9 that dictates rating tiers with all insurance companies. Insurance companies do not all write business in a protection class 9, therefore it can be quite a task to even get a quote when a building is located within one.
If anyone has a need to insure a "hard to write/insure property" please do not hesitate to call Jack Mann @ 630-546-9303.
Sender: H-Net/H-Urban Seminar on History of Community Organizing
& Community-Based Development
From: Wendy Plotkin
Subject: Alinsky & Back of the Yards Neighborhood Council
Posted by Wendy Plotkin
In light of the discussion of Alinsky (including Bob Slayton's review of Horwitt's LET THEM CALL ME REBEL and the presentation of Randy Stoecker's and Susan Stall's paper on Alinskyite and feminist styles of organizing) I thought it would be useful to bridge the past and upcoming discussions of Alinsky, the IAF, and contemporary organizing styles with a brief "biography" of the Back of the Yards Neighborhood Council (BYNC), Alinsky's first community organization. Both Bob Slayton in his BACK OF THE YARDS: THE MAKING OF A LOCAL DEMOCRACY (Chicago: University of Chicago Press, 1986) and Sanford Horwitt in LET THEM CALL ME REBEL: SAUL ALINSKY -- HIS LIFE AND LEGACY (New York: Alfred A. Knopf, 1989) offer similar accounts of the creation of the BYNC.
According to Slayton, the 1930s Depression in the U.S. itself was a catalyst for the BYNC. The loss of employment it engendered in this working class neighborhood overwhelmed the resources of the traditional "welfare" institutions, such as the churches, ethnic societies, and charity organizations. Although the New Deal led to federal assistance for the neighborhood, it also was inadequate in dealing with the deprivation of insufficient food, fuel, and funds for housing maintenance. Also, with New Deal resources distributed across the nation, it was largely up to local leaders to demand and/or negotiate for as much of the federal largesse as possible. Thus, the stage was set for an effort by local leaders and residents to establish new local institutions to express their interests to existing political and corporate institutions.
The corporate institutions that dominated the Back of the Yards were the packinghouses described in Upton Sinclair's 1906 THE JUNGLE. Protective of their own interests during the Depression, their policies extended the earlier, pre-Depression policies of low pay, poor working conditions, and little or no job security. With the economy of the neighborhood so dependent on these employers, they were among the most important neighborhood institutions, at a time when neighborhood and employment were intertwined to a greater degree than was to be true in the commuting world of the post-war period.
Thus, it is not surprising that prior to the BYNC, the attempts to organize the neighborhood were led by labor and the fledgling Congress of Industrial Organizations (CIO). The CIO was the liberal union affilation that emerged in 1935 as an alternative to the trade-based and conservative American Federation of Labor. The CIO assisted in 1936 in the establishment of the local Packinghouse Workers Organizing Committee (PWOC), and took aim immediately at Armour Company, one of the most important industries in the neighborhood. According to Slayton, the PWOC brought a unity to the neighborhood that overrode some of the previously divisive ethnic and religious rivalries - in spite of a tremendous amount of red-baiting based in part on the important involvement of Communists in the CIO.[1]
Another antecedent to the BYNC was a "council of [neighborhood] clubs" organized in 1937 by Aaron Hurwitz, the publisher of the neighborhood newspaper that eventually became the official organ of the BYNC. BYNC itself was a cooperative effort between Alinsky and Joseph Meegan, the manager of the Chicago Park District's Davis Square Park, that culminated in a first meeting of the new organization in July, 1939. According to both authors, Alinsky and Meegan shared a distaste for traditional social workers and settlement houses, including the University of Chicago Settlement House located in the stockyards district. They believed in identifying and involving neighborhood residents as leaders.[2] Alinsky had been sent to the Stockyards neighborhood by the Chicago Area Project (an anti-delinquency project) to assist the neighborhood with its delinquency problem, applying the Project's approach that the causes of delinquency were deeply embedded in the overall problems of the neighborhood. Alinsky was a Jewish outsider who saw Meegan as the most promising local leader to organize the neighborhood. Meegan was tied to the Catholic hierarchy and as a layman was, according to Alinsky, a better choice as an organizer than any of the local clergymen due to the competition and conflicts that existed among the local churches. As the manager of the neighborhood's Davis Square Park, Meegan had also moved beyond mere administration of the park to obtain significant social and welfare services, including the provision of a government-subsidized lunch program - thus displaying a lack of concern for bureaucratic boundaries that was essential to Alinsky's critique of officialdom.
In creating the BYNC, Alinsky and Meegan saw this new community organization as one that would cooperate and extend the efforts of the PWOC and labor organizing into all aspects of community life, outside of employment. The community and the union thus formed an alliance --the union addressed community-wide issues outside of the salaries and security of the workers, and the BYNC took on the cause of the PWOC as its most important initial endeavour. The early days of the BYNC were very much devoted to the PWOC, which continued to aim its forces against Armour and its defiance of the landmark New Deal legislation (the 1935 Wagner Act) allowing the formation of labor unions and requiring them where workers voted for them. The day before the first meeting of the BYNC (July 14, 1939), Herb March, the head of the PWOC, was shot at, and three days later, a mass meeting in support of the PWOC included on the stage John L. Lewis, the controversial national CIO founder, and Bishop Sheil, the Chicago clergyman who faced criticism by the church hierarchy for his support of the CIO-Led Labor Movement.
In addition to this community-labor alliance, the BYNC was aided by the rise of a new breed of priests in the neighborhood, at a time when the priesthood was a popular career for many male Catholic Chicagoans. These younger assistants tended to shy away from the ethnic enclave mentality of the older Polish, Lithuanian, Irish, and Italian priests. They were influenced greatly by Bishop Sheil, the founder of the Catholic Youth Organization in Chicago and an activist in favor of workers' rights and against racial intolerance. Like Sheil, they supported labor organizing in spite of the conservative clergy's disapproval.
Aside from its support of local labor actions, early BYNC activities included expansion of the free lunch program. According to Slayton, this was the first time that a federal program to distribute surplus food was used by a nonpublic organization and it was the prime example of the Council's ability to obtain from outside agencies the kind of assistance that the community so badly needed. (Slayton, 212) The Council also convinced other institutions such as public and parochial schools to establish their own free lunch programs, and assisted them in their efforts to obtain federal financing for these. According to Slayton, the Council was a major source of support for continuing this federal effort when opponents attempted to end it in 1943 -- they organized a letter-writing Campaign that resulted in over 23,000 Chicago children sending letters to their federal Congressmen. The Council also advocated for children by identifying sources of cheaper milk than was made available by the public schools (who faced the constraint of acquiring milk from Politically connected dairies). The Council also engaged itself in anti-delinquency/ anti-gang programs, development of playgrounds and in-door recreation centers, youth employment, nutritional education, dental services, and housing. Its housing activities included a survey (via the schoolchildren) of Housing violations that were reported to the appropriate city agencies. In addition, it sponsored neighborhood clean-up through the distribution of garbage cans and the free loan of exterminating equipment.
The Council sponsored health awareness and education for adults, including support for the local cancer society. It was successful in improving the services in the neighborhood, including a new post office and a new library. It established an office in which neighborhood residents could come to register complaints about a variety of problems, such as broken street lights or gang violence.[3] It also established a credit union.
The Council achieved a wide base of support, but also its share of opponents, including the local political machine. The Democratic political machine had used the provision of services as a means of ensuring votes. It was thus threatened by the Council's own efforts to provide these services, and it attacked the Council in the 1940s, requiring its removal from the offices of the Davis Square Park district and tranferring Joe Meegan out of the district. The Council found alternate headquarters, and thus survived the attack. Slayton asserts that "[t]he larger successes of the Council were achieved in the 1950s and 1960s. During these decades, the community organization stabilized the neighborhood and helped it grow and prosper." (227) During these years, the Council increased its work in improving the area's housing, developing home rehabilitation programs and obtaining the support of local financial institutions for these. Local vacant storefronts were converted to housing, and new homes were built in the neighborhood in spite of a mass exodus of industry and many urban dwellers to the suburbs. Slayton argues that these activities broke the backs of the block-busting efforts of local real estate developers, although he does not describe the complex issue of race and racial politics as they played themselves out in the Back of the Yards these years. The issue of race is described in greater detail by Horwitt in his biography of Alinsky, both in its effects on the Back of the Yards and in Alinsky's other efforts. I'll describe these in a separate posting, at a later date.
The significance of the Back of the Yards Neighborhood Council, other than the improvements it brought to this Chicago neighborhood and the sense of empowerment it brought to the neighborhood residents, was its influence in obtaining acclaim for Alinsky, and serving as the main showpiece in his establishment of the Industrial Areas Foundation, or IAF.
I am interested in receiving any additional information, suggestions for sources or articles, and alternative views on the history of the Back of the Yards Neighborhood Council. Was the Council unique in the approach it took in involving local residents in improving their own situations? Were similar, less heralded schemes unfolding elsewhere in the U.S., and, in fact, the rest of the world? If so, what were the unique elements in the Council? [If you are interested in obtaining the review of Alinsky's biography and the Stoecker/Stall paper, send e-mail to listserv@uicvm.uic.edu with the message: GET ALINSKY PACKAGE]
Wendy Plotkin
COMM-ORG
[1]See Lizabeth Cohen, MAKING A NEW DEAL (New York: Cambridge U. Press, 1990) for a description of the effect of the Depression on Chicago's ethnic, working class communities and a close examination of the dual roles of the newly diverse Democratic Party and the labor movement, especially the CIO and PWOC in Chicago, in bridging divisions among ethnic and religious groups.
[2]See Noel A. Cazenave, "Chicago Influences on the War on Poverty," in Martin V. Melosi, URBAN PUBLIC POLICY: HISTORICAL MODES AND METHODS (Pennsylvania State U., 1993) for a more detailed discussion of Alinsky's conflicts with the Chicago Area Project, his initial sponsor in the Back of the Yards, and with the social work establishment.
[3]Thus, in spite of the antipathy of the "founders" of community organizing for the settlement houses, many of their programs were similar to those offered by the settlement houses -- with the important difference, they'd most likely argue, that they were organized and controlled by community members and not outside social work professionals.
Prior and parallel to the development of community organizing as a technique by Alinsky, there existed an interest inside of the social work establishment for "community organization." See Stanley Wenocur & Michael Reisch, FROM CHARITY TO ENTERPRISE: THE DEVELOPMENT OF AMERICAN SOCIAL WORK IN A MARKET ECONOMY (Urbana: University of Illinois Press, 1989) for the emergence of community organization as a "distinctive method of social work akin to casework and group work" in the 1930s and 1940s. They observe that Community organization originated less as a specific method within social work than as a means by which social service providers could develop programs within a given community and mobilize the resources needed to support and sustain them. (233)
In the same year that the Back of the Yards Neighborhood Council was established (1939), the National Conference of Social Work (NCSW) issued the Lane report on community organizing drawn from discussions in six U.S. cities. The NCSW's definition of community organizing was much more tied to the social work establishment and social work methods than was Alinsky's and his followers, as the report identified community organization as a process of social work whose aim is `to bring about and maintain a progessively more effective adjustment between social welfare resources and social welfare needs'(Lane, 1939: 499) (Wenocur and Reisch, 236)
Medical device/equipment/consumables/disposables/durables companies inevitably face risks beyond the standard roster of conventional business risks. MANN INSURANCE 630-546-9303 INSURES ALL OF THESE RISKS.
At MANN CONSULTING, we realize that there are no cookie cutter insurance solutions, but MANN CONSULTING's medical device insurance specialists can greatly simplify the process for you. Our experience covers all possible bases. With it, we've earned a reputation for outstanding medical device policy development and client service. Unlike some insurance brokerage firms who rely on a "just provide us a quote" approach, our medical device experts will serve as true advisors to your company, whether you're a startup enterprise or a larger corporation.
Based on a clear understanding of your medical device business, we will educate, inform, and help you clarify your risks, identify your coverage needs and guide the development of customized policies and risk management programs specific to your company's circumstances. We'll provide you with a risk analysis that includes:
A review of your company's areas of potential exposure to risk
An audit and review of your current insurance contracts
An assessment of whether your existing coverage and risk management techniques adequately address your needs
Special attention devoted to identifying any gaps in coverage that put your company at increased risk
Should a distributor or independent sales rep be concerned about liability? You are probably getting pressure from more and more manufacturers to prove that you have insurance coverage for claims arising out of "your negligence." The bigger companies "self insure" the first $100,000 to $5,000,000 of their own liability, so unless they can transfer potential liabilities to others (you), that money comes out of their own pocket. If your manufacturing client is a start up or smaller player, they may not purchase adequate insurance to cover their own liability, let alone yours, which means that you may be drawn into a lawsuit. The burden is shifting to distributors and independent reps because manufacturers are wary of paying for claims that, in their opinion, are not their fault.
You can't count on the manufacturers' insurance policy and you should never assume that your defense will be picked up by someone else's policy. If a claim or lawsuit alleges negligent activities on the sales rep's part, all bets are off as to the manufacturer and its insurance company picking up your defense. It may not matter that the allegations have little or no merit. Mere allegations may remove the sales rep from the orbit of a manufacturer's product liability insurance coverage. Even if ultimately the allegations against a sales representative are exposed as fallacious, it may take the court system years to reach this level of certainty. In the interim, sales reps definitely need their own defense to lawsuits.
Potential Liabilities of Distributors and Independent Sales Reps
Contractual Risk Transfer: You may be required to hold the manufacturer harmless from any and all claims arising out of a breach of your duties as the distributor or sales rep.
It might be construed that you misrepresented the product and therefore the manufacturer holds you responsible for a claim that caused bodily injury or property damage.
It may also be construed that you gave the wrong advice or misrepresented a product and there is a consequential or financial damage that arises - "you said it would do X and because it didn't, we want our money back AND financial damages on top of that".
Workers Compensation
You may be responsible for product samples
Automobile exposures
Wrongful "employment practices"
Shipping of the manufacturer's product
Overseas travel
Handling of funds
Privacy issues
Business interruption
Methods to Manage Your Risk
1. Have your attorney review the contract. An insurance company will want the contract to be very specific. As an example, if the manufacturer is asking you to hold them harmless, then you should consider asking the manufacturer to hold YOU harmless as well. You should ask to be named as an "additional insured" under the manufacturer's general liability, professional liability and umbrella policies. It's also important to be added as an insured under "management liability" policies, such as employment practices coverage. You also need to watch out for contracts which state that you are responsible for payment of the deductible of an errors and omissions claim arising out of an incident that is deemed to be your fault.
2. The contract has a direct impact on the availability and pricing of both general liability and product liability insurance. Make sure you have general liability including products liability coverage to defend you for your alleged negligence (aka "Gap Liability").
3. Don't count on the manufacturer's insurance picking up injury to your employees. It may be your responsibility - Workers comp laws are different in each state, so check with an insurance professional for compliance.
4. Ask "Who's responsible for products in my possession?"
5. The manufacturers' automobile insurance coverage will provide limited benefits, if any. Watch out for "who is insured" provisions in the manufacturers' coverage. Also, it might make sense to read the fine print on the back of a rental car agreement to determine what protection is available.
6. If you travel overseas, never assume that your workers compensation or health insurance will follow you. It might make sense to invest in a "foreign insurance" policy which may also include "repatriation" coverage - the cost to get you back home.
How do you find the Right Insurance Coverage?
1. Find an insurance professional with specific experience in placing insurance for distributors of medical devices. Specialists will know the right questions to ask, which will save you time and money. Many times, these brokers have checklists which are specific to your industry.
2. Investigate "group buying." You may be able to save money by joining a buying group, which might provide some premium savings, but remember - you are now sharing limits of liability with others. One claim may reduce the limits available for future claims. It won't matter how much money you saved if you have an uncovered claim! Be extra careful when looking at "who is insured" provisions - you may not be getting what you paid for.
3. Value, Value, Value. Specialty insurance carriers (those who have specific policies for medical device exposures) provide more than just policies. Take advantage of the value added services they offer, such as loss control and risk avoidance advice.
4. Even though you may not be familiar with insurance policies, there are a few "safe" questions to ask your broker or insurance professional: Why are you recommending this insurance carrier? What are the important exclusions? How many insurance carriers offered a bid on my business? What value added services are available? Did the insurance carrier look over our contracts?
Make the time to review liabilities as a distributor of medical devices by seeking out professionals in the industry. As the burden of liability increases all along the supply chain, independent agents will find that protecting their businesses in the future will require more attention to risk management.
Apartment buildings are the hardest type of property to insure if there are more than 3 units in any state. When there is a 2 flat, 3 flat, or up to 4 3 flats a homeowner can add these to their home insurance. If there are more than 3 units the account must be placed in a commercial policy, then the rates go up quite a bit.
The best solution for the pricing wars on commercial habitational policies comes from the only true alternative for hard to place and hard to write habitational risks. That is an independent insurance agent who has access to multiple markets for habitational risks with 4+ units in a building. The various carriers that can do this will show how positive and maverick your broker / agent is. The best agents act as trusted advisors, bring multiple alternatives to the client, and assist in the decision making process.
Know that this is the best way to handle habitational risks. Mann Insurance is excellent with the placement of these types of risks. Call 630-546-9303 and ask for Jack if you wish to get a quote.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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