insurance Archives - Page 3 of 4 - Premier Insurance Services

How to Prevent Frozen Pipes During the Winter

Post author:Mark Kofalt
Post published:January 27, 2021
Post category:Personal/Family

Every winter, about 250,000 households find themselves with messes from pipes that freeze and burst. In addition to erupting and filling a room with water, a burst pipe can cause thousands of dollars in damage. Carpeting, photos, furniture and other belongings can be permanently damaged to the point they need to be replaced. A crack measuring only 3 millimeters can spew as much as 250 gallons of water into a person's home in just one day. Fortunately, there are several steps that you can take to protect pipes and avoid the hassles associated with bursts: Bundle up the pipes. Use…

Why Everyone Needs Life Insurance

Post author:Mark Kofalt
Post published:January 20, 2021
Post category:Personal/Family Senior Care

People who are considering life insurance usually debate whether they need it or not. If anyone will suffer financially after a person's death, that person should have life insurance. This death benefit is meant to help surviving family members or dependents cope with the financial difficulties of losing the deceased's income and paying for final expenses. Life insurance isn't subject to federal income tax. In order to determine how much life coverage to buy, it's important to consider what surviving loved ones would need if death occurred suddenly. Be sure to consider monthly living expenses, debts and final expenses when…

Getting a Handle on Commercial Auto Insurance Rates

Post author:Mark Kofalt
Post published:January 18, 2021
Post category:Business

While most companies focus on driver training to help reduce the chances of accidents pushing up their insurance premiums, many executives have been frustrated to see their rates climb. The top two factors affecting your commercial auto premiums are your history of claims and the driving records of your individual drivers. To get a handle on your insurance rates you should focus on hiring on mature, experienced, responsible drivers. Once you have selected solid people, the next step is to enforce safety standards and provide them with adequate rest and the tools they need to drive safely. New technologies and…

Medical technology concept.

Three Major Cyber Threats to Businesses

Post author:Mark Kofalt
Post published:January 11, 2021
Post category:Business

Cybersecurity threats have continued growing, in fact they been ramping up during 2020, and the trend according to experts is that the risks will continue to grow at an exponential rate. And small to mid-sized firms that think they will fly under the radar of cyber threats are sadly mistaken, as they are usually easier pickings for criminals. Worse yet, one incident could put a firm out of business. To protect your company from attack, here are three cybersecurity threats you should prepare for now. Ransomware attacks In a ransomware attack, hackers access your data and hold it hostage until…

Five Tips for a Safer New Year for Your Family

Post author:Mark Kofalt
Post published:January 6, 2021
Post category:Personal/Family

As we ring in the New Year, one of your resolutions for the year should be to improve safety for you and your family. There are many things we can all do better in terms of ensuring that we are safe and that our home and valuables are protected. This year we offer up these five actions you can take to reduce the chances of one of your family members or a house guest getting hurt, and to see your possessions are well protected. Remember too that after the New Year, robbers are on the prowl, looking for opportunities to…

Losing Everything Due to Inadequate Auto Liability Coverage

Post author:Mark Kofalt
Post published:December 30, 2020
Post category:Personal/Family

All states set minimum coverage levels for drivers, but if you are involved in a serious accident, minimal coverage may not get you off the hook for the full extent of damages. Your state's goal is to make the required insurance affordable, but in many cases the established minimum coverage is not adequate to cover the liability costs if you are found to be at fault in a costly accident. Even limits that are several tiers above the minimum may not be adequate for some drivers, because once those limits are exhausted, any remaining damages must be paid out of…

The Story Behind Increasing Commercial Auto Insurance Rates

Post author:Mark Kofalt
Post published:December 21, 2020
Post category:Business

Commercial auto insurance rates have been on the rise since 2011, increasing often by more than 10% a year as accidents and claims costs have soared. The trucking industry has been the hardest hit by the steep increases, and there are a number of factors contributing to the rate hikes, according to a recent study by Risk Placement Services. One of the biggest factors is that insurers have had trouble keeping up with increasing accidents and spiraling claims costs, leaving them in the red for most of the past decade. Huge court verdicts, higher maintenance expenses, reduced freight demand and…

What Companies are Doing for Holiday Parties During Pandemic

Post author:Mark Kofalt
Post published:December 14, 2020
Post category:Business

One of the hallmarks of the holiday season is the company Christmas party, but with the COVID-19 pandemic in hyperdrive, many companies are rethinking their plans. A number of businesses have cancelled their parties altogether, but other managers feel that in light of this very difficult year for many people, a company Christmas party might be just what employees need to lift their spirits for a while. On the other hand, with the Centers for Disease Control even recommending that people not get together for family celebrations like Thanksgiving and Christmas, an office party would completely go against those recommendations.…