A Quick Guide to the Independent Insurance Agents of CT

If you’ve been looking for insurance, you may heard of the Independent Insurance Agents of CT, also known as the IIAC. But what is this organization, and why is it so important that your insurance agent is a member of their trusted choice program? Here’s a quick guide.


The IIAC is a professional organization of agents that operate in Connecticut. The group is involved in a number of different activities, but among their most important is to ensure that quality insurance agents can help better serve the public. They offer a number of educational and training programs to ensure that agents in Connecticut have the skills they need to serve their customers.

Trusted Choice

Additionally, the IIAC runs the Trusted Choice program, which is an indicator of quality designed to help consumers determine which agents are best qualified. Trusted Choice agencies are not bound to any one insurance provider, meaning that they have the flexibility necessary to help their clients find the best possible coverage. A Trusted Choice agent can help find a program that protects against potential risks while remaining cost-effective for the consumer.

Why It Matters

If you’re trying to decide among multiple insurance agents, be sure to check whether they are members of the Independent Insurance Agents of CT. This organization can make finding a quality agent much easier.

Reasons Why Cyber Liability Insurance Is Vital to a Business

Any company can become the victim of a data breach. From an individual’s personal details to the corporate documents required to run a business, there’s no shortage of sensitive information that is at risk of being lost or stolen. Following are the reasons why businesses should consider cyber liability insurance in PA.

No Business Is Immune

Since 2013, billions of records have been lost or stolen. Over 1.9 million are compromised every day, and this is not restricted to larger companies. Even the smallest of organizations are at risk. Unfortunately, the costs of a data breach could be exorbitant and detrimental to a business.

Breaches Are Expensive

Of course, not every situation plays out the same; however, the average total cost of a breach is $4 million and that number continues to rise. There are many ways an unauthorized disclosure can empty a company’s pockets, including:

  • Notification costs
  • Damages and legal expenses resulting from a lawsuit
  • Fines imposed by the Payment Card Industry or HIPAA privacy laws
  • Forensic investigation expenses
  • A network shutdown
  • Cybercriminal extortion demands

Breaches Are Out of Your Control

A strong IT department and secure network are helpful; however, even the most prepared business can’t prevent a violation from happening. Cybercriminals evolve with security technology. Also, simple mistakes such as lost laptops and un-shredded documents open a company up to significant financial loss.

A data breach may be unavoidable, but a business armed with robust cyber liability insurance in PA can mitigate a difficult aftermath.

Knowing What to Include in Your New Mexico Insurance Policy

Whether you are new to the world of insurance or are just unsure about what to include, its important you know what will make your policy most effective. How do you know what to include in your New Mexico insurance policy? The following are some guidelines to get you started.


The first thing to ask yourself is, What type of homeowner am I? This will help you and your agent come up with the perfect homeowners policy. You might need just the basic policy that covers possessions and property in case of fire, vandalism or theft. You might need renters insurance if you don’t actually own the home you live in. If you own a condominium, your coverage will also be different.

Business Owners

A business owner will need additional coverage that a homeowner wouldn’t need. Commercial auto should be purchased if you have a work car. Cyber liability is important in this day and age, and will protect you in case of a variety of cyber crimes. Commercial property, general liability, builders risk and various others could also benefit your business.

The circumstances surrounding your need for insurance can help you and your agent determine what to include in your New Mexico insurance policy. Contact your agent today to find out more.

Getting Results With Your Insurance Website

One of the first things that customers use to judge the credibility of your business is your website. Insurance websites have to be designed to be user friendly and to present confidence to the consumer to pull them in for you to sell insurance. But its not only the user experience that’s important to the consumer. Your website needs a multi-pronged approach for increased sales and conversions. Customers are using tiny smartphones, tablets and desktops to reach your business, and your website must reach each consumer effectively in order to convert the sale.

Turning your website into a lead-generator involves:

  • Branding to match the tone of your physical business
  • Responsive technology that works on any platform your customers use to access the internet
  • Security to protect your business and your customers
  • A strategy to match your business goals to reach the right customers

You know insurance, but you can’t learn insurance marketing overnight. Trust a marketing agency that understands insurance websites to help you get more out of your marketing dollars. Focus on what you do best and outsource your marketing to a team that will help you build a website that meets your business objectives. Let customers find the information they need to trust your insurance agency with their insurance needs.

3 Things You Need to Know About Dog Insurance

Many dog owners are unaware of the hazards of not having liability dog insurance. It provides many benefits for people with dogs as well as anyone who interacts with the dog. Here are some things about dog insurance you may not have known.

1. It can Cover Legal Defense

In the event that your dog causes an injury, dog insurance can cover not only the medical bills involved but also the cost of legal defense should the situation require it. Many people don’t realize there could be a need to get lawyers involved in more serious incidents.

2. The Deductible May Surprise You

While each insurance company is different, there are companies offering dog insurance with no deductible. This means that even a small injury would be completely covered and you would never have to pay any money out of pocket.

3. Individual Dog Policies Offered

Some insurance companies will tailor dog insurance policies specifically to your dog. This allows you to insure your dog regardless of its breed and level of aggression. It can also provide you with exactly the coverage your dog needs.

Dog owners should be able to enjoy their pets without worrying about losing money due to the physical injuries dogs can cause. Getting liability dog insurance can give you peace of mind while protecting your dog and those it interacts with.

The Hidden Costs of a Cyber Attack

Being hacked is every company’s worst nightmare. You can lose thousands, if not hundreds of thousands, if hackers get their hands on your account access information. However, the immediate loss of funds is just one side of the coin. Without a comprehensive cyber security insurance policy, you are likely to accrue a slew of hidden secondary costs.

Loss of Revenue

Dealing with a security breach is often a long and drawn-out ordeal, during which you are likely to lose valuable revenue. Your regular business processes may be slowed down or completely interrupted due to:

  • Internal systems malfunctions
  • Equipment failure
  • Electronic communication failure
  • Reputation repair via communication to clients
  • Content repair

Not to mention any direct financial theft that may have occurred. These secondary costs can cripple a business, especially an SMB. Fortunately, these kinds of losses are commonly covered under the first-party insurance coverage included in most cyber security insurance policies.

Legal Liability

Repairing your relationships with clients can be an uphill battle after the loss of confidence they experience hearing that their private information was accessed during a cyber hack. Some may even choose to pursue legal action, which can cost your company big in settlements, payouts and civil awards. To protect yourself against this, you should consider including third-party coverage in your insurance policy.

If you total up these potential costs, the sum can be staggering. That’s why it is crucial to understand your company’s risks and research the various cyber security insurance options available.


Insurance for Contractors in Clifton New Jersey

Contractors have the often-arduous task of completing a project on time and on budget. To meet this goal requires a certain amount of coordination and planning to maximize the amount and effectiveness of available funds. Insurance for contractors in Clifton New Jersey, such as builders risk, is purchased to help meet the needs of owners and contractors alike.

The owner and the contractor may both carry insurance

Because insurance coverage benefits both parties, an owner or the contractor may hold a policy for this purpose. In many cases where an owner holds the policy, it helps to have open communication and collaboration when claim preparation is performed. Most construction contracts place the responsibility on the contractor as they make most decisions pertaining to delivery and completion of the project.

It’s important to understand coverage application for the contractor and any subcontractors, including any rights as additionally named insureds. Considering that most policies include a duty to mitigate loss, which typically can include some immediate decisions and costs, the collaboration between owner and contractor and an understanding of recovery sources is often underscored. Ownership of the deductible can serve as an added incentive to mitigate further loss, often including a definition of a contractor’s responsibilities.

Delays and cost overruns can and will occur from time to time and this further demonstrates the need for insurance. In addition, contract clauses may also stipulate costs that are recognized under the contract where insurance does not apply. It’s important to read contracts carefully to avoid any confusion later on down the road.

Contractors and owners alike should be prepared to expect delays when unexpected weather conditions arise with an understanding of where these costs may be recoverable. Additionally, recovery sources generally cover the costs to repair damage to a project and return it to its previous condition.

Perhaps the most important reason to purchase insurance for contractors in Clifton New Jersey is that there are a number of financial pressures and liabilities in the construction industry. Obtaining insurance is the best way to ensure that, should the project run into a costly snag, there is compensation for the owners that doesn’t require added expense from the contractor.

Freight Requirements Include Obtaining the Customs Bond

As any freight forwarder fully knows, all cargo entering the US must go through a specific process. The freight requires that a customs bond, much like an insurance policy, be used to cover all commercial entries. The importer agrees to pay duties in a timely manner and the cargo is then released. For international carriers that transport cargo via air, vessel or vehicle from a foreign destination to the US (or a domestic carrier that merely wants to transport imported cargo “IN BOND” from one state to another), they will have to obtain a customs bond.

They must also produce documents and any other evidence when requested. In order to receive a custom clearance bond they understand that a customs agent may wish to examine the merchandise with the understanding that the freight is to be used in the manner dictated by a special-use provision entry.

They may also be required to rectify any noncompliance with the provisions of admission as well as to comply with customs regulations, which may include electronic entry requirements and advance cargo information filing requirements. In the case of default of the bond, they must also take responsibility for the consequences of any damages charged against the bond.

Agencies must pay certain import duties and taxes

The payment of import duties and taxes are the primary purpose of a customs bond, along with the assurance of compliance with all laws and regulations governing the entry of merchandise from foreign shipping points into the US. For merchandise that may fall under restrictions, which may include items requiring a declaration to the FCC, FDA or other government agency, the bond is required to cover an amount above and beyond the commercial invoice value (generally 3x the value of the freight).

For any items deemed to be non-restricted merchandise, the bond is used to cover the commercial invoice value plus the duties and taxes applicable to the shipment. Once the documents are sent by courier to customs and reviewed by an inspector, they are then subsequently released and returned to the broker’s office by courier.

If you are a warehouse or facility operator and want to become a Customs bonded facility with the ability to store or secure imported or exported goods, you must obtain a customs bond. While the customs bond process isn’t very complicated, it’s recommended that you speak to an insurance agent knowledgeable about how this system works.

Hospitality Insurance and Risk Management

Safety of guests and visitors has always been a primary concern for those in the hospitality industry. Whether you own and operate a hotel, casino, or even a golf course you always want to ensure that those depending on you for a safe and rewarding experience receives exactly what they’ve come there to expect.

Owners should always carry hospitality insurance that responds to claims that commonly occur at properties of this type, but they also need to consider all existing areas of risk and any exposures that might threaten the safety of their guests and have in place the correct measures to ensure that neither harm nor losses are the result of negligence on their part.

Risk management tips designed to improve hotel security

Hotels are often targeted because tourists carry large amounts of cash and generally have several credit cards and even valuable jewelry with them when they travel. In order to help prevent robberies, burglaries and other forms of invasion owners should first make sure that they do background checks of all potential employees, have ongoing training of all staff members, including emergency and evacuation training, control all access points in and out of all buildings (all outside doors should contain security locks, all windows be fitted with safety locks, and there should adequate lighting everywhere).

As an added measure, all security cameras should be monitored and working at all times.

It is best to install cameras on all floors, near entrances, on elevators, and any seldom used areas, including loading docks. Criminals have been known to target conference rooms and lobby areas hoping to steal laptops and other valuables left unattended, often pretending to be guests.

Thefts and robberies often take place in parking lots

Having properly lit parking lots and grounds will further prevent criminal acts from occurring. This should include security patrols, with guests leaving the hotel late at night accompanied by a security officer.

All guests are potential victims of crime while on vacation. Instruct them to always listen at the door before entering their rooms, that they should keep their door locked at all times, and know where all emergency exits are. If someone comes to their door identifying themselves as hotel staff, always look through the peephole and check with front desk before opening the door. Finally, never throw the key card in the trash because it contains personal information from registration that could be accessed.

Following these suggestions should help advance safety in hotel management, and resorts and other pleasure stops should carry hospitality insurance and practice good hotel risk management.

Which Type of Life Insurance Is Right for You?

Va. life insurance is a valuable investment that protects your family and your wealth in the event of your death. While a wide variety of life insurance plans exist, there are three that are most often purchased.

Term Life Insurance

Term life insurance is a temporary policy purchased for a specific period of time. The monthly premium is lower, but only for the time period selected. At the end of the policy, you may be able to renew but at a higher premium. The lump-sum payment your beneficiaries receive can be used for expenses at death.

Whole Life Insurance

Whole life insurance is a permanent policy. Premiums are generally higher than term premiums, but remain at a fixed rate. This type of Va. life insurance has cash value and is useful for managing money that you wish to transfer to your beneficiaries.

Universal Life Insurance

Universal life insurance is another permanent policy. In contrast to whole life, the premiums are flexible. This allows you to adjust your coverage and premiums as your needs change throughout your life. Just like whole life, it has cash value and will help you manage your estate.

Cost and coverage for Va. life insurance policies vary, so be sure that you pick the one that best suits your needs.