Risk Insights – Private Client Group

What You Don’t Know Can Hurt You

Re: Short term rental of your home
The rental of your home for a weekend, a week, a month or more may void some of the coverages afforded by your homeowner’s policy. For example:
  • Theft of personal property may be excluded. 
  • Bodily injury and/or property damage that occurs during a short term rental could result in a denied claim.
  • Tenant use of recreational vechicles, boats and/or automobiles that result in a claim against you may be denied coverage.

Contact the Tooher-Ferraris Insurance Group and one of our insurance counselors will review your current insurance to make sure that you are properly covered as well as design an insurance program that will improve your coverage and reduce your cost.   

Because You Need the Solution Before You Have the Problem

Business Owners Hurricane Safety Checklist

EMERGENCY ACTION PLAN (EAP)

Acadia Insurance | 2017 Hurricane Bulletin

Setting up an Emergency Action Plan helps aid and organize employer and employee procedures during workplace emergencies. Well-developed emergency plans and appropriate employee training, in which employees understand their roles and responsibilities within the plan, can result in fewer and less severe employee injuries and less structural damage to the site during emergencies.

Every business should have an emergency plan. It can save lives, company assets, and your ENTIRE business.

BEFORE THE STORM

Set Up a “Go Box” for Critical Papers

Use a plastic, waterproof container that can be used to hold and carry essential business documents and useful forms including:

 – A list of all employees, key customers and clients along with their phone numbers.

 – Insurance policies and agent contact information.

 – Backup electronic data. Continue reading “Business Owners Hurricane Safety Checklist”

AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients

April 3, 2017 | www.insurancejournal.com

American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth personal lines insurance clients.

AIG is offering the new product, called Family CyberEdge, to policyholders of its Private Client Group who are victims of threats including cyber extortion and cyber bullying. The insurance covers expenses related to data restoration and crisis and reputation management, among other claims.

Continue reading “AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients”

Insuring private art galleries: A valuable checklist for clients

May 08, 2017 | By Laura Doyle | www.propertycasualty360.com

Between the 1960s and the 1980s, a total of 25 private collections were open to the public as museums. But as the number of collectors has increased and the value of the fine art market has skyrocketed over the past four decades, so too has the number of private galleries. In fact, 70 percent of all private museums in the world have opened since 2000.

Continue reading “Insuring private art galleries: A valuable checklist for clients”