Monthly Archives: December 2011

The Importance of Business Interruption Insurance (BII)

One of the most fundamental types of insurance that you can carry as a business is business interruption insurance, commonly referred to as BII. Business interruption insurance is purchased to reimburse loss of income if a covered event occurs that makes it impossible to carry out your normal business operations. It is not commonly sold…

5 Ways for Teenage Drivers to Find Low Insurance Rates

Auto insurance companies typically feel that teenage drivers pose a higher risk because of their young age and lack of driving experience. This higher risk generally leads to increased car insurance rates for teens. In this post, Long Island Insurance Executive, Gregg S. Marcus, lists 5 ways teenage drivers can take to find lower car…

FAQ: Why Add an ‘Additional Insured’ on Your Business Insurance Policy

Businesses must work with other businesses to operate on a daily basis. For example, when a contractor builds a home, they must use the work of sub-contractors for materials or labor for the project. These businesses sign contracts or agreements prior to any work being completed. The different companies may be at the same place…

Running on Silent: Hybrid Vehicle Safety Concerns

The Insurance Institute for Highway Safety released a study that found that a driver of a hybrid vehicle is 25 percent less likely to be injured in a crash than driver of a conventional vehicle. Couple these statistics with the money drivers save on gasoline and a hybrid seems like the best choice. While hybrids…

FAQ: How is the Value of a Totaled Car Calculated?

You’ve been in a bad car accident. Your car is a mangled mess. Now what? A car is considered totaled when the cost of repairing it exceeds the cost of replacing the vehicle. Understanding what you will get from totaled car insurance is essential to know what will happen in the event that an accident…

HOW TO: Reduce Accidents at Home

Accidents and injuries occurring at your home are painful, emotional and stressful and they can be expensive! Accidents that damage your home or property, or injuries that occur there can increase your insurance premiums and initiate your deductible responsibilities. Gregg S. Marcus, a Long Island Insurance Executive lists some simple steps you can take that…

The Dangers of Driving Drowsy

When you think of driving under the influence, the first thing that normally comes to mind is alcohol and drugs. Drivers under the influence of these substances are more likely to be in fatal car accidents. A lesser-known threat are people driving under the influence of sleepiness. According to the AAA, one in every six…

Preparing Your Home for the Winter Season

Winter will be here next week, which means now is the ideal time to take the steps needed to winterize your home. You’d be surprised how much money you will save and how much more comfortable you will be by properly preparing your house for the cold weather. In this post, Long Island Insurance Executive,…

FAQ: What is Employment Practices Liability Insurance?

Any small business that has employees is at risk at litigation. Employment Practices Liability Insurance (EPLI) is a policy that helps protect small business owners from any claim that can arise from employees in relation to how the owners conduct their business. Employees can file a claim for discrimination, wrongful termination, sexual harassment or wrongful…

8 Ways to Cut Your Auto Insurance Costs

Car insurance is not a fun bill to pay every month. Every driver must be insured and according to the Insurance Institute, over 96% of Americans overpay for the auto insurance. Gregg S. Marcus, a Long Island Insurance Executive shares 8 ways to save each month on your auto insurance bill, which allows you to…