Currently browsing;Insurance Tips
- Cyber Liability/Data Theft Liability
Did you know that you are 9 times more likely to have a data breach/cyber liability claim than fire loss/claim! It’s true the increase in our own tools for business such as lap top computers and smart phones like Droids and Blackberries are a target for theft for their data stored on them. With the massive amounts of [...] - Nevada Increasing Minimum Auto Liability Limits?
Today the Nevada Assembly introduced AB120. The proposed bill will increase the minimum auto liability limits from $15,000 per person, $30,000 per accident and $10,000 property damage per accident to $50,000 per person, $100,000 per accident and $25,000 property damage. The early opponents of this bill say it will effect the poor with increased insurance [...] - Nevada Worker’s Comp Insurance Rate Decrease
The Northern Nevada Business Weekly article discusses using Nevada’s worker’s compensation rates as a business recruiting tool. This has been a powerful argument in favor of businesses moving to Nevada in the past. Significant savings can be had in Nevada in regard to insurance and we hope more businesses take advantage of it. There are [...] - Paying attention.
Yesterday I was speaking with the owner of a small retail business which I frequent about his results in 2010. He told me that 2010 was better than 2009 though he wasn’t sure he was happy with the comparison because 2009 was such a lousy year. I asked him what was different for him as [...] - Do You Know What the Risks Really Are?
Businesses and individuals discuss their various risks with us when reviewing their insurance needs. The obvious such as fire and liability dominate most of the discussions, but it is invariably the ones people don’t talk about that bite you. It seems that as time passes life and business gets more and more complex. We now [...] - Data Breach: 5-point inspection checklist
With the increased use of electronic communication devices such as smart phones and lap tops new exposures are emerging from a data breach scenario. We will review several safeguards over a 5 part Checklist that can help avoid a data breach claim: 1) Encrypt Data stored on portable devices. Keep track of your business laptops and [...] - High Enough Limits?
Do you know what limits of liability you have? Are your limits too low? Do you think statutory limits are adequate? If you don’t know the answers to any of the above now would be a good time to have The Henkes Welsh Agency review both you business insurance limits and your personal insurance limits. [...] - Why do you need hired and Non-owned auto coverage.
You might not realize that hired and non-owned liability may be one of the largest exposures your business has. For example, if you cause an accident to someone while you are driving a rented vehicle or when an employee is running errands on your behalf driving their own vehicle, hired and non-owned auto coverage will [...] - “The Illusion Of Good Service”
How often do you think people lack good customer service skills when you are purchasing products and services? I have noticed a trend over the past decade in a lack of good customer service, and it seems to be getting worse! In our age of texting ,emailing, faxing, face book messaging etc. communications now lack the personal touch of voice or face to [...] - One Responsible Source
One of the most challenging tasks associated with owning or managing a profitable self-storage business is securing proper insurance coverage. The multiple liability exposures unique to this industry create an uncommon need for adequate protection and a company and agent who clearly understand these risks. In addition to defending buildings and equipment against common hazards [...]
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