Are you Covered for a Business Interruption?

Business Interruption Insurance - Be AwareRecent heavy rainfall reminds us that not all natural disasters are brought on by hurricanes. Due to heavy and constant rains, flooding has damaged much of Florida’s roadways. Last week, Governor Rick Scott declared a state of emergency for five counties. This included three bay area counties; Hillsborough, Pinellas, and Pasco.

Damage like this creates an immediate need for all for all companies to take a closer look at their insurance coverage. Would you be sufficiently covered in case of a natural disaster? States like Florida and other coastal locations are particularly susceptible to devastating losses from flooding, tropical storms, hurricanes.

“75% of businesses suffering major property damage are out of business within three years because they did not have a contingency plan or the proper financing to see them through the period of recovery.”

What is Business Income Insurance?

When it comes to managing your property risk, business owners should be concerned not only with a loss to their tangible property but also to their income. Natural disasters, fires, and other insured perils often result in an interruption of the operations of a business, which typically lead to a loss of income.  Business income insurance is designed to cover your economic damages when you experience a covered loss that results in a suspension of your business. A suspension of your business can mean either a slow down or a cessation of your business activities. Loss of income is defined in most policies as your net profit as well as continuing expenses, including payroll.  Extra expenses that you incur to recover from a disaster can also be covered.  You might think of it as disability insurance for your business!

What is Included in a Business Interruption Insurance Policy?

  • Compensation for lost income if you are no longer able to operate your business due to a disaster-related damage that is covered by your current property insurance policy.
  • Profits that would have been earned had the disaster not occurred. These numbers are based on previous financial records.
  • Operating expenses that must be paid even if the business is temporarily closed. Examples are utilities, rent, etc.
  • Expenses from a temporary location for you to operate out of while repairs are being made to your permanent location.

Business interruption insurance is one of the most valuable policies a business can have, yet it is often overlooked. Contact us today to learn more about this valuable policy.

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What is a Personal Umbrella Policy?

Umbrella Home Auto InsuranceHow protected would you say you are? You have a homeowners insurance policy and an auto insurance policy. That should be it, right? Did you know that the limits on these policies often do not cover you in the event of a lawsuit? Unfortunately, we live in a very litigious society where your assets and future wages are put in danger without adequate liability coverage. An umbrella policy works as a supplemental insurance policy.

A personal insurance umbrella policy pays above your home, auto and other liability policies. A common limit among homeowners policies is $300,000. As you can imagine, if you are found to be liable for an injury to a guest in your home, this amount would hardly scratch the surface. Certain risk factors make you more susceptible to these types of risks. Examples include teenage drivers, owning a swimming pool or entertaining guests frequently. Most standard homeowners policies are insufficient when covering claims from animal attacks or bites, liabilities arising from social media, claims outside the US, recreational vehicles (i.e. golf carts), and rented boats over 50 horsepower, just to name a few. A personal umbrella policy can also help eliminate these gaps in coverage.

To illustrate the importance of this policy, consider this: You have a large pool with a fenced-in enclosure. You go on vacation and leave your property locked. Four teenagers hop your fence. One of them attempts a dive into the pool, breaks his neck, and as a result becomes paralyzed. The judgment for the lawsuit is $1 million. Your homeowners policy has a limit of $300,000 for liability. The remaining $700,000 would be your responsibility to pay if you did not have a personal umbrella policy. If you did not have the funds to cover this, then your assets would be used to pay this judgment.

While this is a simplified example, it helps illustrate that a personal umbrella policy offers a large benefit for a small yearly premium. The policy offers peace-of-mind from knowing you are protected in the event of a claim. Please Contact Us today for a personalized quote.

Coverage Gaps Tip Sheet

5 Key Areas OSHA Will Be Focusing on During Healthcare Facilities Inspections

Nurse Outside with 2 Elderly PatientsOSHA will now be focusing on five specific areas when inspecting healthcare facilities. These facilities include hospitals, nursing homes, and long term care facilities.

  • Slips, trips and falls
  • Workplace violence
  • Musculoskeletal disorders relating to patient or resident handling
  • Tuberculosis
  • Bloodborne pathogens

According to a statement from OSHA, inpatient healthcare facilities have consistently shown high health and safety hazards with the above areas.  However, OSHA is not limiting these inspections to the above factors. They will continue to look at exposure to hazardous chemicals, safe patient handling and other hazards. These dangers lead to preventable injuries and illnesses. OSHA feels that this program will help to reduce the number of unnecessary exposures to healthcare facility employees.

According to, Pinellas County has more nursing homes than any other county in Florida with a total of 71. The closest second is Miami Dade with 54. This number does not include hospitals or assisted living facilities. With such a large concentration of facilities, in such a small area, Pinellas county makes a great place for site inspections.

An excellent safety program along with ongoing employee training is the best way to prepare for this type of inspection. Our risk management team can help you develop and manage your safety program. If you already have one in place, our team will be able to review and suggest improvements. Contact us today to learn more about the risk management tools that we provide.

W3 Return to Work Webinar

It’s Time to Promote Skin Cancer Prevention

Infograph courtesy of the CDC

Infograph courtesy of the CDC

It’s summer. Are you promoting skin cancer prevention to your employees?

According to the CDC, the rates of melanoma cases are on the rise. According to the CDC, more than 9,000 Americans die of melanoma, a form of skin cancer, each year. An even higher number is the estimated 21,000 melanoma cases that could be prevented each year just by using proven community prevention programs.

Melanoma is linked to exposure to the sun’s UV rays, tanning beds, and sun lamps. Since we are in the heat of summer and there are lots of outdoor activities planned you need to promote prevention to your employees.

Here are some ways you can help your employees be safe in the sun.

  1. Many local dermatologists will go to your workplace and perform skin screenings for your employees. It never hurts to ask.
  2. As an employer, you can promote awareness by posting or emailing flyers educating your employees. The Melanoma Research Foundation has quite a few free educational materials including bookmarks, postcards, inserts and more. You can request the material from them, or you could also download the files, print on your own or post to your intranet.
  3. If you have outdoor employees, make sure they have access to sunscreen and proper attire (like wide brimmed hats, UV protection clothing, and sunglasses).
  4. During fun company sponsored events or functions like picnics or beach weekends, offer sunscreen to employees and make sure shaded spots are available.

Additional free resources are available from the United States Department of Health and the CDC .

Promote awareness and prevent cancer.

Contact our Wellness Coordinator, Trish Blocker at 727-522-7777 to learn more about how W3 helps your employees stay healthy and engaged!


The Skinny on Disability Insurance

Disability InsuranceYou purchase auto insurance, probably homeowners insurance, perhaps even life insurance, but if you’re still working have you protected your income?  Disability insurance replaces a portion of your income if an accident or illness stops you from working.  If you are self-employed you NEED this insurance!

Multiple sclerosis ended Robert Howe’s career as a dentist. Only 53, Dr. Howe no longer works, but he is still receiving a monthly check that comes close to matching his old income.  The reason:  a disability insurance policy.

You can buy a full policy if you’re self-employed or a supplemental if your employer’s policy is minimal. The policies pay monthly benefits if you are not able to work and some pay partial benefits if you can only work part-time.  Protecting your income/savings is especially important as we age and begin thinking about building up our retirement savings. The most common disability claims for 50 and older:  cancer, arthritis, joint inflammation and back strain.

Coverage, availability and price depends on your health, age, tobacco use, and of course, on your occupation and the level of income you want to replace. A basic medical exam should be expected and pre-existing conditions may be excluded or a surcharge may be added. The older you are when you purchase coverage the higher the premium. For instance, a policy that pays a $5,000 monthly benefit through age 66 for a healthy 55-year-old male might cost $3,840 a year; the same policy may cost $2,228 a year for a healthy 50-year-old male.

Disability insurance usually covers from 50% to 70% of your gross income.  You will need to add up your expenses and other sources of income to calculate the amount of insurance you need.  Plus, you will need to figure the length of time you want to receive a monthly benefit.

At W3 we understand your needs, and are ready to answer your questions. Contact Abbey Bowersox at 727.522.7777 ext 150 for more information.


Auto Insurance: What Does 10/20 Really Cover?

Two Cars Auto Accident Insurance LimitsDo you know your auto coverage limits? Do you feel comfortable with the limits that you have? You may be surprised when you learn the answers to these questions.

Florida law does not require individuals to carry Bodily Injury Liability, however many Floridians carry $10,000 per person/$20,000 per accident. If you carry only minimum personal protection, your assets and future earnings could be at risk if you were found at fault in an accident causing death or injury to another person. What you need to ask yourself is: How much liability insurance would protect my future?

Here is a real life tragedy to help put these numbers into prospective. A teenage son was driving his younger sister and her friend to the movies. He lost control of the vehicle, left the road, and hit a telephone pole. The friend permanently lost the use of her right arm and suffered severe brain injuries resulting in permanent brain damage. The claim was settled for $1.3 million. Minimum coverage on this claim would not begin to cover this tragedy. Your personal assets and future income would likely be taken to pay this claim.

Bottom Line:

Don’t take the chance on not having enough coverage. Limits of 10/20 is simply not enough coverage. They are called accidents for a reason and they can happen anytime. Competitive rates are available and may allow you to get better coverage without much more out of pocket cost. Contact one of our Personal Insurance Advisors to learn more.


Workplace Safety and The Human Factor

Workplace Safety and the Human Factor

Many things are needed to keep a workplace safe and your costs down. You can train employees, policies can be put in place, you can hold monthly safety meetings, but an often forgotten variable is what is being called the “human factor”. Human factors refer to environmental factors, job factors and characteristics that influence employee behavior at work and the affect that has on safety.

According to a study conducted by BLR and SafeStart, 80% of those surveyed said that their biggest injury challenges involve human errors. How are these employees getting injured? The top reasons include slips, trips, falls and not following procedures. Another interesting statistic from the same survey says that when asked how often workers take shortcuts, 55% said “occasionally.”

There are different types of human factors. General errors such as mistakes can be made when an employee genuinely forgets to follow a safety procedure. Mistakes are made when the employee believes that they are doing the right thing when they are not. Violations are intentional errors or mistakes that come from employees taking shortcuts or skipping steps to save time or from a general noncompliance. The human factor is just that, human error. Managing these errors is key to maintaining an effective safety program and keeping employees safe and healthy.

The best way to combat the human factor is through a strong safety program that includes employee engagement and hands-on training. A good safety management program includes a risk management assessment that takes your employee’s human nature into consideration when looking at risks in your workplace. Our team takes the time to help develop and manage a safety program and suggest improvements for keeping your program effective. Contact us for a review of your current safety program.

Download A Sample Safety Manual Today!

Promote Men’s Wellness in Your Workplace

Men’s Health Week is Coming up!June is Men's Health Month

On June 15th – 21st, promote healthy lifestyles in your workplace to maintain a robust wellness strategy.

Get the Wellness Screenings You Need

Screenings are an important part of your healthcare and lifestyle. Make sure you are up to date with your age specific requirements.

Here are common screenings you should get:

  • Abdominal aortic aneurysm – If you are between the ages of 65 and 75 and have ever been a smoker, talk to your doctor or nurse about being screened for abdominal aortic aneurysm (AAA).
  • Colorectal cancer – Have a screening test for colorectal cancer starting at age 50 (or earlier if you have a family history of colorectal cancer).
  • Depression – Your emotional health is as important as your physical health. Talk to your doctor or nurse about being screened for depression, particularly if recently have felt down, sad or hopeless or have little interest or pleasure in doing things you once enjoyed.
  • Diabetes – Get screened for diabetes if you blood pressure is higher than 135/80 or if you take medication for high blood pressure. Diabetes (high blood sugar) can cause problems with your heart, brain, eyes, feet, kidneys, nerves and other body parts.
  • High blood pressure – Starting at age 18, have your blood pressure checked at least every two years. High blood pressure is 140/90 or higher, and can cause strokes, heart attacks, kidney and eye problems, and heart failure.
  • High cholesterol – If you are 35 or older, have your cholesterol checked. High cholesterol increases your chance of heart disease, stroke and poor circulation.
  • Lung cancer – If you are between the ages of 55 and 80 or have a history of smoking, check with your doctor about getting screened for lung cancer.
  • Overweight and obesity – The best way to learn if you are overweight or obese is to find your body mass index (BMI). You can find your BMI by entering your height and weight into a BMI calculator.
  • Immunizations
    • Get a flu shot every year.
    • Check the recommended vaccines for your age here.

You know your body better than anyone else. Always tell your doctor or nurse about changes in your health, including your vision and hearing. Ask them about being checked for any condition you are concerned about (such as prostate or skin cancer), not just the ones listed here.

Get Healthy, Stay Healthy.

What can I do as an employer?

  • Promote a “Wear Blue” day –Maybe the Friday before Father’s Day?
  • Make brochures and information available to them regarding Men’s Health issues and prevention guidelines.
  • Host a picnic, healthy lunch, seminar, or sporting event to celebrate the awareness of Men’s Health.

Source: The U.S. Department of Health and Human Services, Agency for Healthcare Research and Quality



6 Ways to Protect Your Home During Vacation

Protect your home and relax.

A safe home, will leave your vacation worry free.

Florida! The land of vacation destinations! Going on vacation is a great way to relax and take your mind off the daily grind. Don’t let the excitement of an upcoming trip prevent you from securing your home against burglars. Consider the following tips:

  1. Make sure all outdoor lighting works properly. Replace any batteries or bulbs if needed.
  2. Have a friend, family member or neighbor check on the house often and collect mail. Also consider having someone mow your lawn, if necessary.
  3. Place automatic timers on your lights and set them for different times in different rooms. This will give the impression that you are home and doing things in those rooms. Also consider setting a radio to a timer so that thieves are deterred by voices in the home.
  4. Do not leave your valuables such as jewelry, art work or electronics sitting out in plain view. Hide these items in inconspicuous places such as old laundry detergent boxes.
  5. Take a photo inventory of each room of the house before you leave in case there is a loss.
  6. Try not to be too specific when posting about your upcoming trip on social media sites. Exact details will give criminals plenty of information about the perfect time to break in. Resist the urge to “check in” to your vacation destination. Nothing says your not home like a check in from miles away. (This is also a good tip for anytime you are out of the house.)

As always, check to make sure your homeowners insurance coverage is up-to-date before the trip. Contact you W3 advisor if you have any questions about your homeowners insurance.

Sedentary Lifestyles – Is Sitting the New Smoking?

man tired at computer screen

Sedentary lifestyle getting you down?

Have you heard? Sitting is the new smoking….

I am not sure where this tagline started, but it sure does get your attention. Dr. James Levine from Mayo Clinic at  Arizona State University is credited with the mantra and he has lots of research to prove it. Have you heard of the treadmill desk?  Dr. Levine invented it to combat the adverse effects of our sedentary lifestyles.

You may be a non-smoker, exercise after work, and eat healthy so you think you are healthy, but if you sit for hours at a time without a break you are still at risk of serious illnesses like diabetes, cancer, muscle-skeletal issues, depression, and heart disease. The risks increase with every two hours of sitting without a break and we are not just referring to your desk chair. According to The Active Times, we spend more time sitting in our cars, watching TV, playing video games, or playing on our electronic gadgets (like cell phones and tablets).

Are you sitting yourself to bad health? You can be pro-active and reading the health risks is your first step.  Now institute these breaks into your everyday life to get you out of that sedentary lifestyle and create a healthier you:

  • Take a break every hour, something as simple as walking to the water cooler, stretching at your desk, walk around the block on your lunch hour.
  • Use a stand up desk or treadmill desk. (check out Pinterest for ideas to make a homemade stand up desk –and make sure it is approved by HR.)
  • At night, while watching TV start to use the commercial breaks for stretching breaks. At every commercial stand up and stretch, jog in place, etc.
  • If you ride on public transportation, stand instead of sitting.
  • Put down the cell phone and get some exercise. Make a “no-electronics” time that so you get active and disconnect, even if it is for 5 minutes, twice a day.

You need to get the blood flowing and your muscles stretched at least once every 60 minutes.  Another reason for the smoking analogy is that  sitting and smoking both have non-reversible effects as multiple studies have shown.  So, are you standing yet?