Business owners should protect their property and protect them against potential liability

       If a building burns, a ship sinks or a crop is destroyed by hail, the owners or parties with security interest on the building, the ship and the crops will have substantial losses.  Thus, in order to prevent economic losses the individuals or companies may purchase PROPERTY INSURANCE, which will indemnify themselves against the damages or total destruction of the property.  For instance, if a shopping center is total destroyed by fire, the owner of the building  may have  a  property insurance for the entire building while the tenants who have their own business on the building may have their own insurance in order to protect the business property and the loss of income.

        In addition, the tenant  and the owner of a commercial space may be held liable in a court of law or an administrative body, to pay damage to the other parties for actions,  omissions or damages.  This potential liability is extensive to third parties such as:  clients, suppliers, contractors and guests. For example, if a restaurant burns and as a result there are some damages on the building,  the loss could be transferred to the party that has been negligent and has caused the risk.  Therefore, the business owner and the owner of the building should take the measures to protect them against potential liabilities. If both parties have not been negligent then they will not be liable for what happened. In opposition, if they are declared blameworthy they could be sued. Thus, both parties may purchase a LIABILITY INSURANCE, which will protect them if a liability arises.

         For free consultation please visit : www.es-insurance.com or send me an email to:  nef@es-insurance.com

Business insurance should protect the owners against catastrophic losses.

      As an agent specialized on business insurance, I visit every day an average of eight  shopping centers and commercial complexes in Naples, Bonita Springs, Marco Island, Fort Myers and Estero. The purpose of my rallies is to interview  the  owners  and managers  of  small business and  explain them  the scopes and limitations of business insurances.  In general, owners have just the insurance requested by the landlord on the lease contracts, which  is known as LIABILITY INSURANCE.  On this way, they are protecting the owner of the building against potential liabilities, but they are not protecting their own assets against catastrophic losses. 

         For this reason, I strongly believe that it would be useful for small business owners to read some blogs that will provide them with valuable information at the time of making decisions in terms of risk management. I will write a total of ten blogs during the next ten days with specific information related with limits, coverage, exclusions, requirements, deductibles and security measures. 


        For free consultation or free face to face interview in your business please visit my web at: www.es-insurance.com or send me an email at: nef@es-insurance.com
 

        
 

      

     

Cheapest premiums for auto insurance depends on brand and models

      Thousands of consumers are shopping around dealers in order to obtain the cheapest new autos produced on 2010. In fact, they will find some bargains because the new 2011 models will come in the next thirty days.

       As an insurance agent, I strongly recommend the consumers to add the insurance premium to the other factors that normally they consider as the most important, such as, price, safety, brand, gas per miles, etc.

After a research on several sources of information, following is the list of the ten autos that are the most cheapest models to insured on the current market:

1. KIA Sedona
2. Mazda 5
3. Ford Escape
4. Hyundai Santafe
5. Mercury Mariner
6. Chrysler PT Cruiser
7. Ford Explorer
8. Subaru Outback
9. KIA Optima
10. Chevrolet Equinox

           In addition, based on the accessories and additional safety devices as well as on the drivers' history it is possible to reduce the premium to the minimum.  For free consultation visit www.es-insurance.com  or send me an email at nef@es-insurance.com

Revise your homeowner policy now and save from 15% to 30% that you could allocate for christmas

The hurricane season is over in Florida and fortunately there not were major storms from August to November 2010. Thus, neither the homeowners non the carriers have lost money. With these good news, the homeowners should take advantage of the new market conditions. It is the right time to re-quote and revise the homeowner insurance; you could save from 15% to 30%. Following are some of the most important tips:

1. Some brand companies have been dropping more than one million policies in Florida with the argument that they can not pay potential losses if the State does not approve the increase in premiums with an average of 40%. However, they want to keep other policies on their books such as: life, auto, business and annuities. Some clients have interpreted this as unfair treatment. In this scenario, the homeowner may quote with at least fifteen carriers that are very well rated in the A category from the financial perspective. Since there are several suppliers,  the consumers will find lower rates. In a free market, the supply and demand determine the price, as all of you know.

2. After the hurricane season the carriers open new markets and offer lower rates. So, it is most convenient for homeowners to cancel the policies in force and switch them to other insurance companies.  Furthermore, the insured will not receive proposals for renewals  during the hurricane season with double premiums since the standard policy will offer coverage for one year.

3. It is appropriated to review the limits and coverages. Some policies have inflation protection provisions, which increases the premium. In other cases, the homeowner have been over insured for long time because the calculation of premiums have been made based on mortgages balances or market value, which is illegal. The premium must be calculated base on the replacement cost of the property.

4.Some carriers are reviewing the homeowners' credit reports in order to evaluate the risk. Thus, if you have a good credit you should receive a lower premium.

5. Avoiding small claims is a good way to save more money because if you file a claim the premium will  increase at least 10% or 15%. Therefore, if you have a minor damage in your house is most convenient to repair it than file a claim. With this in mind, it is possible to increase the deductibles on the policies, which automatically decrease the premiums.

For free consultation please visit http://www.es-insurance.com/ or send me an email to nef@es-insurance.com

Having a clear driver license and a mature age are not enough to save on Car Insurance

    In the current economic environment the majority of the people are looking for different alternatives that allow them to save some money in car insurance.  Insureds that have clear driver licenses and who are twenty three years old o older assume that they should have lowest rates. However, they are partially right because as a part of the equation the carriers establish a correlation between the purchase price of the vehicles and a model's loss history. As a result, the autos that have had a history of high liability and comprehensive claims will pay high premiums. 

        Thus, if the drivers want to save on insurance besides of their driver licenses history and their age, they should be aware that the security and safe components of the vehicles are two main factors that will determine the premium to be paid. There are several sources of information on the Internet where drivers may check the ranking of the different brand and models based on the above-mentioned factors.

Business insurance could recover some of the earning that the entrepreneurs lost because the supply of Natural Gas was suspended for a week.

               After a week of losing their earning, the owners of around 1200 restaurants, pizzerias, hotels, fast food, ice cream parlors and other related business in Naples and Fort Myers re-opened their services to the clients this weekend.   This involuntary interruption was caused because a pipe that conducts the natural gas was broken by accident, and as a result, the provider was unable to supply this resource to business and private residences.

              If the business owners had in force a complete BUSINESS INSURANCE PACKAGE, they will be able to recover some of their earning. Specifically, the most common type of insurance for consequential or indirect losses is BUSINESS INTERRUPTION INSURANCE.  It includes several forms such as: Gross Earnings, Earnings, Value, Contingent Business Interruption, Rental Value, Personal Business Interruption, and Additional Living Expenses.

             Thus, this is a good time for business owners to review their insurances policies and evaluate if they have the appropriated coverage and limits. It will diminish the risk and will avoid catastrophic situations that could obligated them to shut down their business or even worst to file for bankruptcy. For a free consultation please visit http://www.es-insurance.com/.