As a partner or co-worker of a business, you’ve spent years building a valuable financial interest in your company. You may have considered setting up a buy-sell agreement as a funding method to ensure your surviving family a smooth sale of your business interest. One of the first methods you should consider is life insurance. Continue reading
It can happen to ANY business – even yours! Every day, your business, whether big or small, faces the reality of being the target of a lawsuit filed by a past, present or potential employee. You can’t monitor every aspect of an employee’s hire or termination, or every converstion taking place in the office or warehouse. As a result, an off-color joke told in the lunch room; an employee you had to fire; or the potential employee you chose not to hire, are all circumstances that could lead to a potential lawsuit. Even if a claim is frivolous or fraudulent, defending it can be expensive.
Claims for discrimination, wrongful termination and sexual harassment are rarely covered under a General Liability olicy. Typically you purchase General Liability coverage to protect you against slip/falls or a products claim. Most General Liability policies contain specific employment related practices exclusions for claims “arising out of or in the course of employment”.
By purchasing Employment Practices Liability Insurance (EPLI) you have coverage against claims made by past, present and potential employees including claims for discrimination (age, sex, race, etc.), WOW sexual harassment, wrongful termination and a variety of other employment related allegations. Also important is that an EPLI policy will cover legal costs and expenses, whether your business wins or loses the suit.
An EPLI policy can be tailored to meet your business’s needs and should be a part of your Business Insurance Program. Contact our office today for more information.
Choosing the right kind of insurance agent can make a big difference in securing the best combination of price and value to fit your needs. Whether you are looking for personal insurance or business insurance buying or shopping for it can be unwelcome and annoying. It must not be taken lightly since it is there to protect your most valuable assets – you, your home, cars, business and future. The worst time to find out you don’t have the right policy and coverage is when you need them the most, AFTER you’ve suffered a loss.
Essentially there are two types of insurance agents. One is the “captive agent” such as those who work for Nationwide or State Farm. A captive agent represents a single company and can only provide you with information or access to that company’s products. The other is an independent insurance agent. These agents have no exclusive relationship with any one company. With an independent agent, you get choices. They represent many insurance companies and work on your behalf to find the best possible rate and coverage to fit your specific needs.
With an independent agent, in addition to having choices, you have the advantage of a licensed professional who will:
- Evaluate and assess your individual risks and requirements
- Identify and tailor policies that are right for you
- Offer products to meet all of your insurance needs, including auto insurance, homeowners insurance, business insurance, life insurance and flood
- Assist you when you have a claim
- Treat you like a person, and provide excellent, hands-on service
An independent agent will help you understand what your policy actually covers, how much of a deductible to carry and how much coverage you need. When it comes to protecting your family, your assets and your future, you want to do it right the first time.
Are you selling your car to someone out of state and don’t want to let them leave with your plate? Or, maybe you are buying a car in Pennsylvania but don’t have a residence here? The John Yurconic Agency can help you by issuing an in-transit plate! An in-transit plate is a 30 day temporary plate that makes you legal to drive the vehicle back to your home state. This will help put the seller and purchaser’s mind at ease and make everything legal. When you arrive at the John Yurconic Agency, we will need the PA title, seller and purchaser’s valid (not expired) driver’s license or state ID and the purchaser’s insurance card. The insurance card has to be in the purchaser’s name and not expired. It does NOT have to be on the vehicle being purchased. We will enter the purchaser’s information into the system and the purchaser will leave with the original title, temporary registration card and temporary cardboard plate. These items are valid for 30 days. Within that time frame, you must title and register the vehicle in the state you reside in. We will give the seller a copy of the notarized title for their records. The seller should remove their current Pennsylvania license plate. If it is still valid there are a few options for that plate. If the owner is purchasing another vehicle they can transfer that plate onto the new vehicle. If they are not planning on using the plate for another vehicle we can send it back to the state for a fee. If the plate is expired, the owner may destroy the plate or retain it.
Did you know that besides auto insurance and homeowner’s insurance, the John Yurconic Agency can also write Snowmobile Insurance? Continue reading
Prevent winter related Homeowner’s Insurance claims by taking a few small steps towards winter-proofing your home. Continue reading
The John Yurconic Agency has recently added a new, fun and informative component to our website. Continue reading
Flood Insurance covers physical damage to your building or personal property “directly” caused by a flood. Directly means that the flood must be the cause of damage. As stated above flood coverage falls into two categories: building and personal property. Determining which section covers what can be difficult. For instance air conditioning window units are covered by personal property while central air conditioning equipment is covered under building. Here are general guidelines for what is covered by each section.
Building Property coverage insures: building and foundation; electrical and plumbing systems; central air conditioners; refrigerators, stoves, and built-in appliances like dishwashers; permanently installed carpeting, paneling, wallboard, bookcases, and cabinets; window blinds; debris removal.
Personal Property coverage insures: clothing, furniture, and electronic equipment, curtains, portable and window air conditioners, portable microwaves and portable dishwashers, carpets, washers and dryers, food freezers and food in them, certain valuable items can be covered up to $2,500.
As you can see a general rule of thumb is permanently installed fixtures and appliances would be covered under building property while portable appliances would be covered under personal property.
Here’s a list of what is not covered by your Flood Insurance policy:
- Damage caused by moisture, mildew, or mold that could have been avoided by property owner
- Currency, precious metals, and valuable papers (stock certificates)
- Property and belongings outside a building ( e.g. septic systems, patios, fences, pools, plants)
- Living expenses for temporary housing
- Financial loss caused by business interruption or loss of insured property
Whether you need Easton insurance, Northampton insurance, or insurance in Reading and Allentown, Pa, contact The John Yurconic Agency. We’re the Pennsylvania Insurance Agent who has the solution for you!