East Coast Insurors Blog
Workers Compensation – Do you have your own policy
Recently the topic of Work Comp insurance through a payroll or employee leasing company has come up with some of our insureds, so we thought this to be a good topic for FYI Friday. 😊 We understand that using a payroll company or a PEO (Professional Employer...
COINSURANCE PENALTY- WHAT THE HECK IS THAT AND HOW CAN IT HURT ME? OR MAYBE PUT ME OUT OF BUSINESS?
What’s a Coinsurance? Coinsurance is a clause in most commercial property insurance policies. In a replacement cost policy, it is designed to encourage policyholders to carry an adequate amount of insurance to cover the entire loss amount, except for the deductible. ...
Big Mistakes Companies Make on their Workers Compensation Insurance
Workers comp is a big expense for most companies. Most companies don’t know just how much more they “actually” pay, than what they “could” pay. Many businesses could reduce their worker comp insurance costs by 20 to 50% with a very modest effort. Why don’t they? Here...
New Marriage Means Insurance Review
Okay, you’re back from your honeymoon. You’re settling in to your new routines as man and wife. Aren’t you forgetting something? Sure, you need to write down your anniverary date (this applies mostly to guys), but that’s not it. You need to take a...
The First Page of your policy tells you How Much the insurance company will pay. The Next 50 Pages tells you IF they will pay
One of the most dangerous things I hear from clients and prospects is to just “give me a quote” or “I’ll let you bid on my insurance” when they are buying insurance. Our business is about helping clients protect themselves from the world around...
Workers’ Comp Rate Increase for Florida Employers
The Florida Insurance Commissioner has approved an 8.9% increase in workers’ compensation rates effective 1/1/12. This follows a 7.8% increase this past year. Increasing claims frequency and rising drug costs were cited as the primary cost drivers in the...
Carnival Cruise Ship Tragedy Has a Message for You
The recent Carnival Cruise Line catastrophe has been front and center in the news. Lives lost to human error. I don’t know how to properly express that, so I will just say tragic. Reports stated $40 million in insurance deductibles, $95...
Workers Comp: “You can pay me now and More later”
In 2011, Workers Compensation rates in the state of Florida increased by 7.8%. In 2012, those rates increased by an additional 8.9%. Judging by the state of the industry and the fact that nationally, workers compensation insurers are losing 18 cents on...
What are the odds?
What Are The Odds?On Monday April 2, 2012, an airplane crashed into the Publix Grocery Store in DeLand, Fl. I do not want to go any further without recognizing the personal tragedy the injured people and their families are going through. One of the victims who was...
My Dog Don’t Bite
Ever wonder why insurance companies get so upset about pets and particularly dogs? Why do they need to know so much? Well, it is National Dog Bite Awareness Week (really!), and I would like to share a few statistics that may help you understand why...
Free Driver-Ed classes for Volusia County school students
Volusia County public high schools have announced the availability of free driver-education classes. These classes fill up fast and are first come, first served. Although most insurance companies offer discounts for young drivers who complete a required course (check...
East Coast Insurors goes Mobile
May 11, 2014stevehall2014Leave a commentEdit East Coast Insurors is pleased to announce our new mobile app for iPhone and Android phones. To get our free app, go to the App Store on your phone and enter “East Coast Insurors”. Follow the instructions to download and...
Happy Birthday America and Welcome to A Very Happy New American
Many of us born in the United States take our citizenship for granted. It’s just there. We’ve always had it, so we may overlook how lucky we are to live in the U.S. I started thinking about this recently when one of our long-time associates, Cindy Galisin,...
Why You MUST Buy Rental Car Insurance When Renting a Car (or Truck)
Jerry Seinfeld to rental car agent:“Yeah, You better give me the insurance because I am going to beat the hell out of this thing”From the Seinfeld Episode: The Alternate Side, Season 3, Episode 11 For many years, I used to recommend that our clients could safely rent...
So, You Want to Turn Your Car Into a Taxicab, huh?
Bob overheard his daughter describing a watch she really wanted to a friend on the phone. She mentioned that she had dropped hints before her recent birthday to her Mom to no avail. Her birthday came and went and no watch. Bob remembered a watch he had...
