Posted by & filed under Homeowner’s Insurance, News and Announcements, Personal Insurance, Safety.

Your Personal Assets Are At Risk

Uber, Airbnb and VRBO may increase your personal liability risk

We live in a digital world that now allows us to share everything from our car, bike, boat, apartment and even our home with total strangers. Smart phones, and the applications that can be added, offer many useful tools, but some of these things create new and increased liability for you. Your personal insurance may not cover these risk, so call our office.

Before you decide to jump into the sharing economy consider the following:

  • Do these sharing sites have the ability to protect your confidential information? Many times you are giving your credit card information to companies that may not have the ability to protect it.
  • If you use Airbnb to sublease your apartment, you might check your lease. Many lease agreements have “no sublease” clauses that do not allow for this kind of activity. Also, some big cities are now actually considering outlawing the Airbnb services as it reduces hotel/motel taxes.
  • Uber offers a taxi service where individuals can offer rides to those who subscribe. Are you confident that these individuals have had proper background checks? Are they experienced drivers? Do they have the correct insurance? Remember, even in states that have mandatory auto insurance laws, over 25% of drivers don’t have insurance.
  • Personal auto insurance issues should be considered if using your car for hire. There is a big difference in the auto insurance world between a car pool for work and being paid to deliver people.
  • If you rent your primary home to others, it may limit your personal insurance coverage. Call out office for a review.

The use of the new sharing economy will most likely continue and may be a good way to make money. However, if you have an uninsured claim, the cost may be much greater.  Be aware that using these services may increase your risk of loss.

With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.

 

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Posted by & filed under Commercial Insurance, Cyber Liability, News and Announcements.

Is Your Business Adequately Insured?

Insurance coverage is available for almost every conceivable risk your business might face. Cost and amount of coverage of policies vary among insurers. PlatinumOne Insurance can advise you on the exact types of insurance you should consider purchasing. The right insurance policies will go a long way toward helping you safeguard your earning power and your future. If you are a business owner there are a few insurance products, you may not have considered.

Business Income or Loss of Rents

Depending on what you do with your building may depend on the specific kind of insurance you need. If you own a building and have tenants you will want to consider loss of rents coverage. Typical the coverage includes reimbursement for loss of rent or rental value in case of fire or other serious incident covered by insurance. Business Income coverage increases a business’ ability to survive a substantial loss. If your business suffers a fire, that stops all operations for three months, the business will want to continue to pay salaries, utilities, rent and other fixed costs necessary for operations. In order for the business to become whole, the business is entitled to reimbursement for net income and operating expenses paid during the recovery period.

Data Breach or Cyber Liability

If your business stores sensitive or non-public information about employees or clients on your computers, servers or in paper files you are responsible for protecting that information.  If a breach occurs either electronically or from a paper file a data breach policy will provide protection against the loss.

Umbrella

Standard business liability coverage will take care of you in most situations, but when serious situations arise, commercial umbrella insurance will help ensure that your business is protected. Here is one example:

  • You have a serious fire and are involved in multiple lawsuits that exhaust your primary limits.
  • Your delivery truck is involved in an accident with multiple deaths or injuries.

We are ready to help you better understand your risks. Please call our office today. We are locally owned and operated out of Overland Park, Kansas and are strongly represented in all areas of the Kansas City metropolitan area including not only Kansas City, but also Olathe, Leawood, Lenexa & Shawnee.  We primarily write business in Johnson and Wyandotte Counties in Kansas but are licensed in the entire State. We primarily write business in Jackson, Cass and Platt County in Missouri but again are licensed in the entire State to write business.

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Posted by & filed under Commercial Insurance, Workers Compensation.

Many businesses buy commercial insurance thinking that the policy they have covers most if not all things that might go wrong and cause a loss to their business. That kind of thinking can lead to an uninsured loss.

We take the time to educate ourselves on your risks, and then design an insurance program to meet your needs.  Here are examples of insurance coverage options that you should consider.

Business Income and Extra Expense

Commercial property insurance covering loss of income suffered by a business when damage to its premises by a covered cause of loss causes a slowdown or suspension of its operations. To put it another way, business income insurance covers the loss of income that a business suffers after a covered loss, (fire, etc.), while its facility is shut down or in the process of being rebuilt.

Extra expense covers the additional costs, in excess of normal operating expenses, that an organization incurs to continue operations while its property is being repaired or replaced after having been damaged by a covered cause of loss.

Equipment Breakdown

Equipment breakdown covers loss due to a mechanical or electrical breakdown of equipment, machinery, including pumps, motors, heater and other kinds of equipment.  Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Equipment breakdown insurance is increasingly replacing traditional boiler and machinery (BM) insurance, in part simply because the title is more descriptive of the coverage provided.

We are ready to help you better understand your risks. Please call our office today. We are locally owned and operated out of Overland Park, Kansas and are strongly represented in all areas of the Kansas City metropolitan area including not only Kansas City, but also Olathe, Leawood, Lenexa & Shawnee.  We primarily write business in Johnson and Wyandotte Counties in Kansas but are licensed in the entire State. We primarily write business in Jackson, Cass and Platt County in Missouri but again are licensed in the entire State to write business.

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Posted by & filed under Personal Insurance.

Many homeowners have experienced premium increases. Our agency works very hard to bring our clients the best possible combination of premiums, coverage and service.

How many of you have actually read your homeowner’s insurance policy? We guess not too many. We do recommend that you read your policy to help you understand what coverage you have. Most homeowners are familiar with the basic coverage found their homeowner’s insurance policy; including coverage for the home itself, personal property and liability associated with owning a home.

What Can We Do To Help?

We are an independent agency.  This allows us to search the market for the best possible combination of premiums, coverage and service. We compare the insurance company’s rates and use the competitive market to your advantage. Here are some ways to save on your premiums:

  • Purchase all your insure through our agency
  • Ask us about additional discounts
  • Consider increasing your deductible
  • Keep your home well maintained
  • Replace your roof, water heater and other equipment when needed
  • Review your policy regularly- you may not need the same kind of coverage you did a few years ago

Remember to call our office today. We will work hard for you. It is important to note that not all homeowner’s policies are created equal, and what one company offers may not be the same as another company. Also keep in mind, if you bought your policy online, who really knows what coverage you have?

With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.

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Posted by & filed under Homeowner’s Insurance, Personal Insurance, Safety.

When you think of summer, do you think about boating, vacations, camping, and barbeques?  One of the best ways to enjoy your summer is to get out and enjoy nature with your family. But even in nature, bad things can happen. You can create a fire that spreads to another campsite, your personal property can be stolen, or you might injure another person accidentally. Often your homeowner’s insurance policy extends coverage to your possessions offsite, but the coverage may be limited. The best way to make sure that you are adequately covered is to have a chat with your insurance agent.

Camping Safety Tips

Here are a few safety tips to keep you and your family safe:

  • Pack extra water.
  • Always prepare for the unexpected. Before you leave, check the weather report, learn about security at your camp location and tell your family or friends what your plans are and where you will be camping.
  • Make sure your first aid kit is well stocked.
  • Pack foods in tight, waterproof bags or containers and keep them in an insulated cooler.
  • Cook foods to proper temperatures (for instance, ground beef should be cooked to an internal temperature of at least 160 degrees).
  • Familiarize yourself with area where you are going, and make sure you have at least two maps.
  • Verify that your camp site allows fires.
  • Do not handle, feed, or unintentionally attract wild animals with open garbage cans or litter.
  • Keep lanterns and open flames outside of the tent.
  • Determine a central location where everyone will meet in case you get separated.
  • Carbon monoxide is odorless and colorless and can cause illness or death in people and pets. Never use fuel-burning equipment such as gas stoves, heaters, lanterns, and charcoal grills inside a tent, camper, or other enclosed shelter.
  • To help fight insect bites, apply insect repellent containing DEET to exposed skin. Repellents containing 20% or more DEET can protect up to several hours.

While we can’t help you build your fire, we can help you see to it that your camper, ATV, boat, and motorcycle are insured to fit your budget and needs. With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.

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Posted by & filed under Commercial Insurance, News and Announcements.

According to the latest surveys by major insurers, small to medium-sized businesses have a number of critical gaps in their insurance coverage. The reasons for gaps vary; not fully understanding how certain coverage applies to their business, buying insurance from a captive agent who can’t provide the coverage, thinking their commercial coverage provides the coverage, and finally believing they don’t have the risk.

Business Insurance For Your Organization

Here are the coverage’s you should consider to make sure you are adequately protected.

Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.

Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.

Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover      discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice.  Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.

We are ready to help you better understand your risks. Please call our office today. We are locally owned and operated out of Overland Park, Kansas and are strongly represented in all areas of the Kansas City metropolitan area including not only Kansas City, but also Olathe, Leawood, Lenexa & Shawnee.  We primarily write business in Johnson and Wyandotte Counties in Kansas but are licensed in the entire State. We primarily write business in Jackson, Cass and Platt County in Missouri but again are licensed in the entire State to write business.

 

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Posted by & filed under Commercial Insurance, News and Announcements.

A Business Insurance Update

Every time you pick up a paper or turn on the news you are reading about some executive who is accused of sexual harassment. But what does not make the news is that a majority of employment claims involve firm with less than 50 employees. The Equal Employment Opportunity Commission (EEOC) recorded nearly 86,600 charges in 2017 and obtained more than $294 million in settlements for claimants. The average cost of an employment litigation claim was over $200,000 in 2017.

We Offer A Solution

Employment Practices Liability Insurance (EPLI), can cover and insure a business when employees sue the employer if they feel that their legal rights have been violated. EPLI protects against many kinds of employee lawsuits, including claims of:

  • Sexual harassment
  • Age discrimination
  • Mismanagement of employee benefit plans
  • Discrimination
  • Wrongful termination
  • Wrongful discipline
  • Breach of employment contract
  • Failure to employ or promote
  • Wrongful infliction of emotional distress

An EPLI policy will offer defense coverage even if you are in the right. Your business can transfer the risk of employees suing the corporation to the insurance company, as long as the claim is covered under the policy.

Get in Touch With Us

We are locally owned and operated out of Overland Park, Kansas and are strongly represented in all areas of the Kansas City metropolitan area including not only Kansas City, but also Olathe, Leawood, Lenexa & Shawnee.  We primarily write business in Johnson and Wyandotte Counties in Kansas but are licensed in the entire State. We primarily write business in Jackson, Cass and Platt County in Missouri but again are licensed in the entire State to write business.

 

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Posted by & filed under Homeowner’s Insurance, News and Announcements, Personal Insurance.

A Home Insurance Update

Your home is your most significant investment, so it pays to protect your investment with homeowners insurance.  Homeowners insurance offers many coverage benefits besides just replacement or repair to your home and personal property.  Your homeowners insurance can also cover your personal liability, the cost of temporary housing and much more.  However, there are times when your homeowner’s insurance premiums may go up.  We thought it would be important to outline some of the things that might cause your premiums to increase.

Dogs

Some dog breeds could impact your insurance.  Make sure your agent knows the breed of your dog so they can get the best price possible.

Swimming Pools

If you own a swimming pool you have a greater risk of having a claim. Pools are fun entertainment, make sure there is a fence around your pool. While owning a pool will not impact your rates, if could if you have a diving board and if your pool is not fenced.

Location of Your Home

The location of your home is essential in determining your premiums.  The closer you are to a fire station and fire hydrant, the lower your premium may be.

Marital Status

Married people file fewer claims and therefore may benefit by having lower home insurance premiums.

Natural Disasters

If your region or area has suffered from floods, wildfire, or some other natural disaster, everyone is likely to pay more.  Insurance is based on providing insurance protection to a large number of people for a small amount of money.  If insurers pay out more than the average due to natural disaster, they may need to increase rates for a short time.

With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.

 

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Posted by & filed under Commercial Insurance, Cyber Liability.

 

One of our partners is Encompass Insurance Company. They recently offered some very good information regarding cyber liability or identity theft. With all the recent cyber breaches we are all becoming more interested in protecting our identity. We want to provide a few tips to help you protect yourself against identity theft.

Cyber liability insurance should be part of your business insurance as well as your personal insurance programs.

Creating and maintaining a safe and secure cyberspace is key to preventing your private information—such as your Social Security Number and your bank account numbers—from landing in the hands of individuals who would use it for their benefit. The concepts of fraud and identity theft aren’t new, but the proliferation of internet connected devices has made it increasingly easy for people to fall victim to potentially damaging scams.

Identify Theft Prevention Tips

  • Don’t open emails from people you don’t know
  • Update passwords on a regular basis
  • Don’t use common number or familiar words for passwords, here is an example of a good password; Txc78#jKLK20
  • Never offer personal information, such as bank account numbers, credit card numbers, or your Social Security Number to anyone who contacts you via email.
  • Protect your computer with an anti-virus scanner.

Threats to cybersecurity can put not only your private information at risk, but can also jeopardize the safe operation of the infrastructure of the company. For this reason, it’s everyone’s shared responsibility to educate themselves on the best ways to remain cyber safe, whether at home or at work. To learn more about staying safe online, visit www.staysafeonline.org.

With over 30 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Safeco and many others.

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Posted by & filed under Homeowner’s Insurance, News and Announcements, Personal Insurance, Safety.

 A Home Insurance Review

Have you ever stopped to think about all the things that could cause damage to your home and personal property? Probably not, but we think about your personal insurance coverage every day. Your homeowner’s insurance is designed to protect you from claims that can come from many different events. We can design a homeowner’s insurance product that fits your individual needs. Here are a few of the kinds of events that can be covered under your roof.

Damage To Your Home Can Include

  • Fire and smoke damage
  • Lightning strikes
  • Falling objects
  • Explosion
  • Vandalism and malicious mischief
  • Theft
  • Windstorms and hail
  • The weight of ice, snow or sleet
  • Water damage
  • Damage from an aircraft, car or vehicle

What is Not Covered Under Your Roof

A standard homeowner’s insurance policy will not cover; earthquake, flood, wear and tear, damage from animals, mold, acts of war, government actions, tenant damage, defective work, plus others.

Personal Property

Your homeowner’s insurance can also cover your personal belonging. This might include; cloths, furniture, and other items.

Do You Have A Leak In Your Roof?

Do you have coverage for additional living expenses if you are required to move out of your home while it is being repaired? If you own guns, art, or other collections, you may need additional coverage. Is your expensive jewelry cover while away from your home? If you don’t know the answers to these questions, call us today.

With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.

 

 

 

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