What To Look For When Purchasing Insurance For Your Business

Insurance For Your Business

Organizations rely upon business insurance to protect them from the risks and potential threats to their successful and continued operation. Below, we have listed and explain eight common types of insurance for your business. A licensed, reputable broker like KMRD Partners can help you choose the right insurances for your business by determining which coverages meet […]

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Have you been re-mapped to a flood zone?

Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert earlier this month by which Pennsylvania homeowners can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase flood insurance. Commissioner Miller said FEMA recently re-mapped most of the country using 100-year flood projections, resulting in […]

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Risks Ahead. Property Damage Due to Extreme Weather

According to the National Oceanic and Atmospheric Administration, 2015 was the second hottest year on record in the 48 states.  10 extreme weather and climate events together accounted for over $10 billion in property damages.  2015 was also the 19th straight year the annual average temperature exceeded the 20th century average.  2016 could be even […]

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New Flood Insurance Tool Available in Pennsylvania

With April showers on the way, it is worth noting although flood and sewer back-up is excluded under most standard commercial property policies, both coverages can be added by endorsement. Depending upon the flood zone identified on the property, coverage is available on a primary basis through a number of carriers. In instances where property […]

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Winter Risks Ahead. Winter begins in two weeks, and with it come these risks

Winter risks

From 1994 – 2013 insured winter storm catastrophe losses totaled more than $1 billion a year on average. Approximately 23% of vehicle crashes each year – nearly 1,312,000 – are weather related. 17% occur during snow or sleet. Water damage and freezing account for almost 22% of homeowners insurance claims, with an average of $4,024 […]

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Contingent Business Interruption Insurance – Are you protected from third party disruptions?

If you answer yes to any of the following questions, your company needs Contingent Business Interruption Insurance. Do any of your company’s operations heavily rely on a single or select group of third party providers of goods or services? Would a long-term computer outage disrupt your company’s ability to maintain normal business operations? Would losing […]

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Weather Insurance – don’t get snowed in by excess costs

According to the Farmer’s Almanac, we can expect a stormy winter with a significant amount of snow in the tri-state region. The Almanac is “red-flagging” the second week of January and the second week of February for possible heavy winter weather with a long, drawn out spell of stormy weather extending through the first half […]

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Flood Insurance – South Carolina’s flooding reinforces the importance of planning

Although Hurricane Joaquin bypassed land, another storm provided enough tropical for  what South Carolina officials have called a 1 in 1,000 year storm. More than 18 inches of rain in roughly 24 hours fell in the state, leading to severe flooding. Charleston got nearly one foot of rain on Saturday.  It has been estimated 11 […]

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Don’t Forget To Test Your Business Continuity Plan

business continuity plan

According to a recent survey of over 500 midsize business owners and C-level executives in the US, 59% had a formal, documented business continuity plan and 33% had an informal, verbal plan. 8% had no plan. Of those businesses with continuity plans, only 19% had actually tested them. (source: The Hartford) Additionally, the survey found […]

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