Business Income Insurance: Disaster Protection

July 13, 2017 By W3 Insurance

75% of businesses that suffer major property damage close within three years. These businesses lacked a contingency plan and/or proper financing to aid in recovery.

So many possibilities exist for a business interruption to occur that it’s hard to imagine not preparing for one of them. Here in Florida, floods abound. Hurricanes and tropical storms shift course on a moment’s notice, offering little time for people to brace for impact. Is your business prepared for such an occurrence? Will a business interruption present a roadblock that permanently damages your organization, or will proper planning reveal a stepping stone that leads to future success?

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Builder’s Risk Insurance: Who Needs It and Why?

July 6, 2017 By W3 Insurance

What do a nearly completed state-of-the-art resort, your neighbor’s extensive residential renovation, and your city’s new mall construction have in common? Before a single nail is hammered, all these projects were likely protected by builders risk insurance. That means those who are fiscally responsible for these projects are likely not losing sleep over perceived risks.

That peace of mind is more than a luxury – it’s a necessity. Many elements can impact the successful completion of a structure. Consider natural disasters like a fire that can incinerate a structural shell. Whether it’s 99% complete or barely visible, fire knows no boundaries. A hailstorm can damage building materials beyond repair. Earthquakes may unmoor an entire foundation. Builders risk insurance protects subcontractors, lenders or project owners’ investment from the drastic financial implications of such losses.

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Telemedicine Services: Travel with a Doctor

July 1, 2017 By Trish Blocker

Summer is the popular time for vacations. Your employees will be making their plans and packing their suitcases with all the essentials but they are probably forgetting something that could make or break their trip; the information for their telemedicine provider.

Time to Sign Your Employees Up for Telemedicine Services

This is a great time to remind your employees to bring a doctor with them on their trip or to be more specific, digital access to a doctor. Promoting telehealth to your employees now can reduce the unnecessary Emergency Room visit claims while they are away. Employee engagement in these types of programs is a win- win for all parties involved. [Read more…]

Assignment of Benefits Causing Increases to Florida Homeowner’s Premiums

June 8, 2017 By W3 Insurance

In 2016, the term Assignment of Benefits (AOB) became a hot topic in the Florida Homeowner’s insurance industry. If a contractor has a property owner sign an Assignment of Benefits agreement/contract, the policyholder has agreed to give up their rights pertaining to the handling of the claim and transferred that right to the contractor. The contractor now has permission to act on the behalf of the insured to resolve any and all claim issues.

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National Safety Month

June 1, 2017 By Josh Ferret

According to NOAA (National Oceanic and Atmospheric Administration), a natural disaster has affected every US region since 2011. Are you prepared? Are your employees prepared? Is your business prepared? There are lots of resources available from FEMA and FloridaDisaster.org, the Florida Division of Emergency Management, to assist with building an emergency plan for businesses and families.