BLOG

Ryan Agencies Insurance Blog

By Ryan Agency Staff 20 Jan, 2018

Winter driving can be a challenge when you live in the part of the country with significant snow and ice each year. Dealing with snow is one thing, but ice is the real danger when driving. Knowing how to safely drive in icy  wintry conditions can literally save your life.

Get Snow Tires

Don't let the label fool you. Good snow tires aren't just for driving in snow. They have deeper treads and more grooves to help with traction and gripping the road. This includes ice as well as snow. So living in our area, getting good snow tires for your car is essential.

Take Your Time

The best trick for driving in wintry conditions is to take it slowly. Allow yourself a lot of extra time to get from A to B, and don't try to rush.

Leave Plenty ofRoom

Don't let your car get too close to other vehicles or the guardrails. In winter conditions you can lose control in the blink of an eye and having an obstacle just a few feet from you is a hazard. Keep an extra couple of car lengths between you and the car in front, and don't cut your corners too tight as you make turns.

Other drivers may not be as cautious as you are, so you want keep buffer space in case they are the ones to start skidding instead of you.

How to Handle a Skid

The first instinct if your car starts to slide is to hit the brakes. The problem is that you lose all control over the motion of the car when you do that, so you need to learn how to steer and slow properly instead of just trying to blindly stop. The old adage of "turning into the skid" is the way to go, providing you actually know what that means. You have to turn your steering wheel in the same direction that the back end of the car is heading. This will (ideally) prevent a spin and further loss of control. Ease up on the gas, and let the car slow down on its own rather than stomping the brake.

Always Be Prepared

Even if you are an old pro at winter driving, you can never control every situation. Being prepared in cold winter weather is the smart thing to do. Equip your car with a small shovel, bag of salt, sand or cat litter, and extra winter gear (like hats, and sturdy gloves), just in case you do end up off the road.

Making sure that your auto insurance has you covered in the case of a winter accident is also important.  Stop in and see us today - we would love to help.


By Jeff Ryan, CPCU® CIC® CLU® ChFC® 14 Jan, 2018

The short answer to the question is to simply meet your responsibility to call YOUR insurance company .

In the vast majority of cases, that should take care of the rest. Your insurance company will negotiate with the other carrier, determine fault, and determine who pays whom for what.

You can help the claims process by providing your carrier with the information about the other party and their insurance company. Confirm with your company claims representative that they will reach out on your behalf to the other carrier and pursue your interest.

Bottom line… it is the responsibility of your insurance company to represent you.

If for some reason, they don’t take that responsibility seriously, feel welcome to call the other insurance company and inquire if the claim has been filed and provide them your side of the story.

Additionally, if you have purchased your insurance from an independent insurance agency, contacting their customer service staff may be helpful.  Likely, they well enjoy assisting you with the claims process.

By Jeff Ryan, CPCU® CIC® CLU® ChFC® 27 Dec, 2017

One of the greatest exposures a professional working in a service industry such as a marketing consultant falls under the label of professional liability losses.

Professional liability ”, sometimes called “errors and omissions” coverage can come into play for losses related to malpractice or misrepresentation:

  • Libel of a client’s competitor
  • Slander of a client’s competitor
  • Poor marketing advice that results in damages to a client
  • Unethical information/survey gathering

As with any other business it is also advisable to purchase:

Depending on whether or not you have a business location and employees, the need for :

There are other coverage needs that can come into play in addition to those outlined.

Check with a professional Independent Insurance Agent  in your area that specializes in Commercial Insurance. You can find one using the Trusted Choice Agent Locator .




By Jeff Ryan, CPCU® CIC® CLU® ChFC® 17 Dec, 2017

The difference between Reinsurance and Coinsurance:

  • Reinsurance:  Is a product the insurance company  purchases to insure against large losses.
    The company transfers risk of large loss by purchasing insurance from a “ Reinsurer ”. See Investopedia definition .
  • Coinsurance:  Is a percentage the insured/policyholder  must pay for losses they incur. The application is different in property insurance than with health insurance:
    • Property Insurance:  It is the risk or cost that the insured/policyholder assumes for losses in the event that the insurance limit they purchase is not adequate, when compared to the contractual value required of the insured property.
      This is sometimes called a Coinsurance requirement or Coinsurance penalty. See Business Dictionary .com definition
    • Health Insurance:  It is the percentage the insured/policyholder must pay for covered losses. Usually this amount starts after a deductible and is capped after a certain amount of out of pocket loss. See Investopedia definition

The International Risk Management Institute  (IRMI) has an excellent post on the different applications and confusion surrounding the subject of Coinsurance in both areas of insurance .

At the Ryan Agency we believe that helping you understand insurance terminology helps you to Save Smart!

By Jeff Ryan CPCU® CIC® CLU® ChFC® 14 Dec, 2017

Business Income or Interruption insurance provide coverage for the loss of income that follows a loss to property (business personal property or buildings) that is also covered under a package or businessowners policy .

Example:

  • A businessowners policy that covers a fire damaging your business personal property prevents you from operating your business as profitably as it was prior to the loss. The business interruption/income insurance picks up the income lost resulting from the fire.

Lost Business income that is covered includes:

  • Profits
  • Operating Expenses
  • The costs that increase in order to maintain previous income

The difference between business interruption/income insurance and property insurance is:

  • Property insurance covers the direct physical loss to the property that was damaged.
  • Business income/interruption insurance pays for the resulting loss of income because of the loss of the use of the covered property (business personal property or buildings).
A business interruption insurance policy has a coverage limit.  That limit is the maximum amount that will be paid to you by your insurer for  a covered claim. Financial losses above that coverage limit will be your responsibility. That makes it vitally important to secure the coverage limits that are the best fit for your business. Discussing your specific circumstance with an independent insurance agent is an effective way of determining the right coverage for you.  

By Jeff Ryan CPCU® CIC® CLU® ChFC® 08 Dec, 2017

The types of business insurance available and recommended for restaurants include:

Businessowners/Package Policies include coverage for:

  • Property
    • Buildings
    • Contents (Business Personal Property)
    • Loss of Income - coverage for a property loss, lost income and extra expenses associated with the loss of use of the property.
    • Other Property Coverage Options include:
  • Liability
    • Premises and Operations Liability  - liability for injuries sustained at the insured’s premises and out of the operation of the business.
    • Products Liability  - liability for illness or injuries as result of the sale of products.
    • Liquor Legal Liability  - some packages provide coverage for common law liability imposed on restaurants that sell alcoholic beverages. If this is not provided as part of the package, it can generally be purchased as a separate policy.
    • Other Liability Coverage Options include:
      • Employment Practices Liability - Protection for lawsuits due to discrimination against employees including wrongful termination, harassment, etc.
      • Hired & Non-Owned Auto Liability - coverage for an employee using their own vehicle in the course of your business. Important for restaurants that may deliver orders.

Workers Compensation - provides protection for the business from liability or lost wages resulting from employees becoming injured while on the job. Workers Compensation is required in most states if you have employees.

Business Auto Insurance  - provides auto liability and physical damage coverage for vehicles owned by the business. See Hired & Non-Owned Auto Liability above.

Those are some of the type of business insurance that a restaurant owner should consider.

The best way to learn of specific options for your business insurance needs available in your location is to contact a knowledgable Independent Insurance Agent. A local Independent Agent will have access to multiple companies that can insure your business. They can help you find the best company and program for your particular restaurant.

Trusted Choice has a great tool for finding an Independent Insurance Agency that sells Commercial Insurance here.


By Jeff Ryan CPCU® CIC® CLU® ChFC® 06 Dec, 2017

An Independent Insurance Agent (or Agency) works with multiple companies. They do not have an exclusive relationship with any one carrier, offering many insurance options from multiple outlets rather than just one.

Ease of Doing Business

  • Whether it is shopping or seeking service on your account, working with one agent vs. multiple agents or companies provides you a distinct benefit. One call can handle multiple requests or needs.

Saving Smart

  • An Independent Insurance Agent acts as a personal insurance shopper. Most have "comparative raters" that rate multiple companies at the same time. This allows them to not only shop for the best price, but also quote comparable coverage company to company.
  • Not beholden to any one company, an Independent Agent can recommend the program that provides the best value for your particular situation.
  • When you needs or circumstances change, they have access to other companies that may better respond your unique situation.

Choices & Flexibility

  • Imagine going to a shoe store only to have a couple of size options available for every type shoe they sell. The result would require shopping at multiple locations for similar items. An Independent Insurance agent offers a broad array of carriers and products. They have the flexibility to find the right fit and style to meet your wants and needs. It's not "one size fits all" with an Independent Agency.

Unbiased Advice

  • Insurance is complicated. Advice for those unfamiliar with all their insurance options can be a valuable benefit. An Independent Agent will know the advantages and disadvantages of numerous programs though multiple companies. Therefore, they are better equipped to offer alternatives that best respond to your needs. Advice can include coverage options, price, and service that a particular company provides.

Middleman Backstop

  • Most people think of the term"middleman" as a negative. However, a middleman can actually provide many advantages. Just see the list above!
  • An agent as middleman provides the backstop of Malpractice Insurance that will respond in the unfortunate circumstance a mistake is made. Malpractice, or Errors and Omissions insurance is protects the consumer in the event of bad advice or a misstep made on your account. In essence, this provides relief to an injured client.
  • Compare that circumstance to YOU taking the role of the middleman working with a Direct Writer like GEICO, Esurance or The General. Pursuing a legal action remedy against them for a mistake they (or you) might inadvertently make is a much more difficult.

Local Accessibility

  • When a claim occurs and problems ensue, a local representative can be a great facilitator. Knowing you have someone in your corner if things do not go as planned following a claim is of great benefit. A quality agent can step in with knowledge of what to expect and help devise a plan to straighten things out.
  • The whole "keep it local" concept resonates with some, but should be seen as a benefit by more consumers. Overall, local insurance agents do much to support organizations in your hometown. From youth sports to school activities, civic clubs to non-profit organizations, you will likely find local insurance agents plugged in and financially involved (check the jersey on your kid's ball team). If your local community matters to you, it should matter that you support your local community. Choosing a community agent or agency is an excellent place to do just that.

A couple of well written independent articles on this topic include:

The majority of the benefits above are unique to an Independent Agent. Weigh the advantages an Independent Agent brings when making an insurance purchase decision.


By Jeff Ryan CPCU® CIC® CLU® ChFC® 08 Jul, 2017
My answer to this question will take a slightly different tack than those already provided. Let’s get to the bottom line first: It is your prerogative to take the vehicle to a body shop of your choice. If you have a body shop that you prefer and want to have them do the work… feel free to use that shop. Continue Reading
By Jeff Ryan, CPCU® CIC® CLU® ChFC® 10 Jun, 2017

Obtaining auto insurance following a DUI and/or license suspension is not a lot different than for anyone seeking to insure a vehicle.

Though your choice of programs and carriers may be limited, there are plenty of insurance companies that will step in and help.

The   best   way to go about it would allow you to:

  • Get multiple quotes with minimal effort
  • Find the best coverage and protection
  • Select the best value from the options available to you.

Working with an   Independent Insurance Agent   provides the ability to do all the above with one call or visit.

How do you   find a good local Independent Insurance Agent ? A simple search using the   Trusted Choice Agent Locator   is a great place to start.

Ask your agent if you can be requoted at your next renewal. After maintaining continuous insurance and keeping your driving record clean, you may be able to find much more affordable programs with a little bit of time on your side. The ability to requote (remarket) your insurance program is another reason that working closely with an Independent Insurance Agent can be in your best interest.

Originally published at Quora.com

By Jeff Ryan, CPCU® CIC® CLU® ChFC® 10 Jun, 2017
Obtaining auto insurance following a DUI and/or license suspension is not a lot different than for anyone seeking to insure a vehicle. Though your choice of programs and carriers may be limited, there are plenty of insurance companies that will step in and help. The best way to go about it would allow you to: Get multiple quotes with minimal Continue Reading
More Posts

Ryan Agencies Insurance Blog

By Ryan Agency Staff 20 Jan, 2018

Winter driving can be a challenge when you live in the part of the country with significant snow and ice each year. Dealing with snow is one thing, but ice is the real danger when driving. Knowing how to safely drive in icy  wintry conditions can literally save your life.

Get Snow Tires

Don't let the label fool you. Good snow tires aren't just for driving in snow. They have deeper treads and more grooves to help with traction and gripping the road. This includes ice as well as snow. So living in our area, getting good snow tires for your car is essential.

Take Your Time

The best trick for driving in wintry conditions is to take it slowly. Allow yourself a lot of extra time to get from A to B, and don't try to rush.

Leave Plenty ofRoom

Don't let your car get too close to other vehicles or the guardrails. In winter conditions you can lose control in the blink of an eye and having an obstacle just a few feet from you is a hazard. Keep an extra couple of car lengths between you and the car in front, and don't cut your corners too tight as you make turns.

Other drivers may not be as cautious as you are, so you want keep buffer space in case they are the ones to start skidding instead of you.

How to Handle a Skid

The first instinct if your car starts to slide is to hit the brakes. The problem is that you lose all control over the motion of the car when you do that, so you need to learn how to steer and slow properly instead of just trying to blindly stop. The old adage of "turning into the skid" is the way to go, providing you actually know what that means. You have to turn your steering wheel in the same direction that the back end of the car is heading. This will (ideally) prevent a spin and further loss of control. Ease up on the gas, and let the car slow down on its own rather than stomping the brake.

Always Be Prepared

Even if you are an old pro at winter driving, you can never control every situation. Being prepared in cold winter weather is the smart thing to do. Equip your car with a small shovel, bag of salt, sand or cat litter, and extra winter gear (like hats, and sturdy gloves), just in case you do end up off the road.

Making sure that your auto insurance has you covered in the case of a winter accident is also important.  Stop in and see us today - we would love to help.


By Jeff Ryan, CPCU® CIC® CLU® ChFC® 14 Jan, 2018

The short answer to the question is to simply meet your responsibility to call YOUR insurance company .

In the vast majority of cases, that should take care of the rest. Your insurance company will negotiate with the other carrier, determine fault, and determine who pays whom for what.

You can help the claims process by providing your carrier with the information about the other party and their insurance company. Confirm with your company claims representative that they will reach out on your behalf to the other carrier and pursue your interest.

Bottom line… it is the responsibility of your insurance company to represent you.

If for some reason, they don’t take that responsibility seriously, feel welcome to call the other insurance company and inquire if the claim has been filed and provide them your side of the story.

Additionally, if you have purchased your insurance from an independent insurance agency, contacting their customer service staff may be helpful.  Likely, they well enjoy assisting you with the claims process.

By Jeff Ryan, CPCU® CIC® CLU® ChFC® 27 Dec, 2017

One of the greatest exposures a professional working in a service industry such as a marketing consultant falls under the label of professional liability losses.

Professional liability ”, sometimes called “errors and omissions” coverage can come into play for losses related to malpractice or misrepresentation:

  • Libel of a client’s competitor
  • Slander of a client’s competitor
  • Poor marketing advice that results in damages to a client
  • Unethical information/survey gathering

As with any other business it is also advisable to purchase:

Depending on whether or not you have a business location and employees, the need for :

There are other coverage needs that can come into play in addition to those outlined.

Check with a professional Independent Insurance Agent  in your area that specializes in Commercial Insurance. You can find one using the Trusted Choice Agent Locator .




More Posts
Share by: