By: Andrea Moyer
My first thought when first approached about writing a blog on National Insurance Awareness Day was how can I make this more interesting? By itself, insurance tends to be a somewhat humble topic – not especially glamorous or exciting to talk about, but important and necessary when you need it. The closest parallel I can think of is, of course, food-related. In the insurance world, discussing coverage and policies functions in much the same way a bowl of rice or pasta would in the culinary world. If you’ve ever consumed a bowl of this without so much as a dash of salt or pepper, then you know what I’m talking about. It is flavorless and bland and needs a little help to liven up any dish it is in, but it also provides the foundation for the dish. The same can be said of insurance.
Since it has been set aside to celebrate National Insurance Awareness, how can we make this more exciting? How can we celebrate? Well, in order to be able to enjoy yourself, you need to first have peace of mind. It’s difficult to party with reckless abandon if you haven’t put your affairs in order. There’s also the sense of satisfaction taking care of loose ends, however uninteresting they may be, and tackling your insurance coverage is a great way to start.
Review all of your existing policies and make sure they’re up-to-date. If your life situation has changed recently – you’ve had a change in your marital status or you’ve purchased a new home or vehicle – then give your agent a call. National Insurance Awareness Day is a great time to review those policies and make sure you’re getting the coverage that you need! While these are typically the times when we at insurance companies hear from our customers, it might be worth your time to consider some atypical scenarios when you might need extra insurance.
Here are some suggestions from AmTrust Financial in which businesses can celebrate National Insurance Awareness Day:
Talk with your insurance agent. Set up time to sit down with your insurance agent and review your policies to help make sure your insurance coverage is still appropriate for your small business. An in-depth review can help uncover gaps in your small business insurance coverage, or ensure that you have adequate coverage limits. Have you hired new staff? Have you added a new product or service? These are examples of how changes in your business could require a change to your policies.
Remind your employees of safe workplace practices. Injuries to your workforce can slow down your small business’s production. The cost for workplace injuries can amount to thousands or even millions of dollars. While workers’ compensation insurance is designed to help protect your small business and your employees, avoiding injuries altogether is ideal and setting aside time to remind your employees about workplace safety is a great way to keep it top of mind. For example, you could schedule a team meeting to get everyone together to review safety policies and provide updated safety literature!
Make sure your company's data is protected. Cyber security risks are a fast-growing concern for today’s business world. Cyber crooks don’t just target large businesses – small businesses are at risk, too. While there is no way to guarantee your business won’t get breached, the best way to mitigate the cost of a breach is to be prepared: secure the business, get a plan in place, and make sure everyone knows their role in preventing and responding to a breach. A Cyber Liability Insurance policy can help provide peace of mind that your business and its assets will be protected.
Some of the most popular insurance topics include:
While you’re already here reading this blog, why not check out the pages listed below? You might just find the coverage you never knew you needed.
Unique Insurance Types*
- Lottery – this is for companies in the case a group of their employees starts a lottery ticket pool, wins and then retires. The insurance policy would allow the company to hire temps and not lose key productivity while they search for replacements.
- Insurance against Death by Laughter – This funny insurance secures stand-up comedians if one of their audience members has a fatal laugh attack.
- Wedding insurance – for couples who have a change of heart about their relationship during wedding planning and want their deposit money back, wedding insurance is available.
- Body part insurance – this is specificially for athletes, musicians and entertainers alike who wish to insure specific body parts necessary for their career. Fun Fact: In the late 1940s, 20th Century Fox insured Betty Grable’s legs with Lloyds of London for a quarter of a million dollars!
Now is an excellent time to review your personal or business policies and know exactly what is covered and what is not covered. Our agents here at The Weimer Group will gladly assist with questions regarding your policies. Contact one of our offices in Perkasie 215-257-9171 or Harleysville 215-723-9805 and let’s celebrate National Insurance Awareness Day with peace of mind!
*Not all insurance types are offered by The Weimer Group. Check with our agents to confirm availability.