Risk & Business

Usually I focus this blog on business insurance topics. Today however I thought it would be interesting to bring to your attention a couple of interesting endorsements and exclusions available on the new personal auto policy that Insurance Service Office (ISO)  is set to release in late 2018. Even as business owners, this will most likely affect you as you buy personal auto insurance. Covering injuries to pets in the car is an available endorsement that can be added to the new personal auto policy. This is way overdue as pets have become very mobile as they ride along more than ever, with their owners. For the millennials that still live at home and need personal property coverage, the new personal auto policy will allow it to be added. However it is only on an actual cash value basis and there is no liability coverage. Exlcuding flying cars is also in the new personal auto policy. That’s right, flying cars !  ISO has looked into the future and feels that if a policy holde...

As a business owner you most likely have insurance policies that cover your buildings, contents, equipment and other property assets. These policies insure up to a value that is stated on the insurance policy. This requires you to keep up with the values to make sure your policy is adequately covering you. If you do not update your values at least annually you could fine yourself under insured after a loss. A simple call to your insurance professional to review and discuss changes or amendments could save you a lot of headaches.  Call today !  Until next time be careful out there and know your risks. G. Kevin Nemith President/Managing Director CNC Insurance Associates/ Hilb Group www.cncinsurance.com

The economy is growing and getting better. This means that opportunities will abound for your business. If you decide to expand your business and do new things, make sure you call your agent. The business insurance policy that was set up by your insurance professional  may need to be updated or changed. Insurance policies may not cover or inadequately cover your new operations. Many business owners forget to contact their agent and this can be problematic. So don’t hesitate , call today. You want to make sure that your business is protected for the growth you will most likely have this year. Happy New Year ! Be careful out there and know your risks. G. Kevin Nemith. President CNC Insurance Associates/ Hilb Group www.cncinsurance.com