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

Builders are building a wooden house.

Contractors insurance policies range significantly in terms of what they offer. Most will have a business owner’s policy (BPO) that will provide:

  • General liability insurance
  • Workers’ compensation insurance
  • Commercial vehicle insurance
  • Other insurance products you need

 Why Do I Need Liability Insurance?

Good liability risk management can reduce the chances that your business will be sued, but it can never eliminate the risk entirely. You or a member of your organization can make a mistake that injures someone or damages property. Your mistake could harm the reputation or interfere with the privacy of a customer, client, competitor or member of the general public. When such injuries occur, you may be legally liable to pay damages to someone who suffers a loss due to your actions or inaction.

Everyone in society has a duty to take reasonable care that his or her actions do not injure others. The same rule applies to business entities. Not repairing a pothole in a parking lot, not lighting a dark stairway, failing to train workers how to do their jobs safely and legally or failing to provide directions for the safe use of a product can constitute negligence if a client, customer or member of the general public is injured as a result. The legal meaning of negligence is failure to exercise reasonable care.

The law of the state where the lawsuit is filed sets the rules for the determination of liability and damages. The amount of damages imposed in any particular case is, of course, in part a function of the economic losses the plaintiff can prove he or she has endured due to the defendant’s negligence. In some states plaintiffs may also be awarded damages for

What Kind Of Liability Policy Should I Get?

For small businesses the most efficient and least expensive way to purchase liability insurance is usually as part of the Business owners Policy (BOP) which combines property and liability insurance in one contract. Alternatively, a business may purchase a Commercial General

Your liability insurer will pay damages that you are legally obligated to pay as a result of “bodily injury,” “property damage” or “personal and advertising injury,” up to the policy limits and subject to your deductible. Punitive damages are generally not covered, although there may be some exceptions.

Bodily injury means injury, sickness, disease or death; it may include injuries that are emotional or mental, such as post-traumatic stress syndrome or humiliation.

Personal and advertising injury includes libel, slander or any defamatory or disparaging material or a publication or utterance in violation of an individual’s right of privacy; infringing the privacy or copyright rights of another in your advertisement; wrongful entry or eviction, or other invasion of the right of private occupancy; and false arrest or wrongful detention.

Who Is Insured?

BOP liability coverage insures a sole proprietor, partners or partners named in the policy “Declarations,” but only with respect to their duties on behalf of the business. The spouses of sole proprietors or partners are also covered. If your organization has officers and directors, they are insured, as are your stockholders, but, once again, and this applies to all parties, only with respect to their duties or liabilities in connection with the business. Employees and volunteer workers are insured for acts committed within the scope of their employment in your business.

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 Auto Insurance, Personal Insurance, Safety.

bf6656999A “high-risk” driver is generally defined by the auto insurance companies as someone who has a higher risk of having an auto accident. Auto insurance companies often see high-risk drivers as undesirable, as they may end up costing a great deal in claims.

Why you may be defined as a high risk driver?

  • You have multiple accidents or tickets during a specific period of time.
  • You have a DUI.
  • You have a serious violation.
  • Any accident that results in a fatality.
  • Driving without a license.
  • Driving without insurance.
  • You drive an exotic car.
  • For whatever reason, your auto insurance has lapsed.

How to get auto insurance if you are considered high risk

  • You may need non-standard insurance.
  • SR-22 insurance for specific situations.
  • Allow your agent to shop auto insurance for you.
  • Determine what auto insurance discounts you may be eligible for.
  • Improve your driving skills.
  • Consider a lower risk car.

 

People of all ages can improve the quality of their lives and reduce the risks of heart disease, hypertension, with ongoing participation in moderate physical activity and exercise. Daily exercise will also enhance one’s mental well-being and health throughout life.

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.

We are a full service insurance agency representing individuals, families and businesses in the Kansas City area. We are licensed professionals who are not limited to placing your insurance with just one carrier. We have the flexibility to choose the insurance company that best serves your individual needs. Having choices is our advantage and it benefits our customers.

 

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

A personal insurance update

Spring is here and many of us are gearing up for many different kinds of activities that might lead to a claim.  Your homeowner’s insurance is designed to protect yourself and your property from unforeseen injury and/or damage.  However, remember that there are limitations with your homeowner’s insurance policy.

Spring and summer insurance risks

  • Trampolines. If you own a trampoline you may want to call our office to make sure you are covered.
  • Swimming pools. Many insurers will not cover swimming pools. Make sure you are covered, call us today.
  • Renting out your home. If you have decided to rent your home while you are on vacation, you may not be covered. Most insurers exclude coverage for rental property.
  • Watercraft. If you bought a boat or other kind of watercraft, you will need to add it to your policy.
  • Foreign travel. If you are planning any foreign travel, you might want to consider special travel accident insurance.
  • BBQ time. When you barbeque, make sure you keep the grill away from all structures. Limit alcohol use while you are barbequing.

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 Life Insurance, Personal Insurance.

Things You May Not Know About Life Insurance

Life insurance can be a great benefit you and your as it provides them with many benefits. These benefits are not just when the individual passes away. There are what we call living benefits. In many cases, these can be very compelling reasons for the client to consider life insurance. These can be used to help you understand the true value of life insurance.

1. Show Me The Money

Some permanent life insurance policies include a cash value, meaning there’s financial potential that can be applied towards college tuition or even supplemental income for retirement.

2. Allows You To Pay Less In Taxes

Proceeds are generally income tax-free to beneficiaries. And when properly structured, are not considered part of your estate and therefore safeguarded against estate taxes. Plus, there’s room for tax-deferred growth, tax-favored loans, and tax-friendly withdrawals

3. The Price is Right

Most people overestimate the total cost to be almost twice what it really is. Term life insurance rate are coming down; in fact, they have never been more cost-effective.

4. More Valuable Than You Think

Imagine a family of four living off a single 60k annual income. If that income was to suddenly disappear at the age of 40, it accumulates to a total loss of 1.2 million over only 20 years. That’s well over the amount the average person could save on their own.

5. It’s Portable

Most life insurance products can follow you from job to job. This allows you to adjust limits and other terms as you need to.

6. Receive A Guaranteed Income In Retirement

While you are alive, you can also get an annuity from permanent life insurance instead of later providing a death benefit to relatives and others.

Our business success depends on how effectively we serve our customers. As a designated Trusted Choice agency, we are dedicated to providing the best service in the industry. Experience the difference by giving us a call today. Our friendly and knowledgeable staff are here to assist you in any way possible.

See which companies we represent.

We are licensed in Kansas, Missouri and Nebraska.

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Posted by & filed under Uncategorized.

Common Claims For Property Managers

Property managers have a need for proper insurance coverage. Property Managers often get caught in disputes between owners and tenants. Property managers can not only be sued by their own employees, but also by the staff of the property owner. Also, property managers who have an equity interest in property have increased risks that often lead to conflict of interest claims. There is increased litigation holding all professionals to a higher standard, including property managers.

If our clients own property that is leased to others, whether one small office or an entire manufacturing complex, Lessors Risk Insurance is a must-have. Lessors Risk Coverage is necessary to adequately protect your client’s investment from litigation as the result of an accident.

We thought it would be helpful to identify a few common claims made against property managers.

Common Property Managers Claims:

A property manager managed a small retail mall that had 12 retail businesses, including a restaurant and coffee shop. The property manager failed to maintain the property as contracted, which included maintaining the exterior and parking lighting.  A customer of the restaurant was injured while exiting the parking lot at night, and sued the restaurant and property management company for $15,000. The property manager was held responsible for the loss and settled the claim.

A property manager of a commercial building failed to maintain and update the building as required under the agreement. As a result the owner was forced to lower rents, and the building owner sued the property manager for loss of income.

A property manager hired an office manager to help with accounting and other functions. The office manager was fired due to poor performance. The office manager sued for wrongful termination. The defense costs exceed $25,000.

Who needs property management insurance coverage?

If you are involved in the following types of activities you will need the right kind of insurance:

  • Renting or leasing real estate to others
  • Managing real estate for others
  • Selling, buying or renting real estate for others
  • Lawsuits in this area continue to climb. Don’t leave your business exposed by not having this type of protection in place.

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 Auto Insurance, Personal Insurance, Safety.

Driving distractions are an increasing occurrence due to the growing use of hand-held devices.  Driving is a skill that requires your full attention to safely control your vehicle and respond to events happening on the roads around you.  Any event or thing that prevents you from operating your car safely is considered a distraction. For example, driving while using a hand-held device increases the likelihood of a car accident by 400%.

While using cell phones behind the wheel is one of the most talked about driving distractions, it’s not the only one out there. There are many other things that we do behind the wheel that you may be surprised to find are considered driving distractions!

If you do need to report a claim, we are ready to help you! We offer a complete range of personal auto and home insurance products.

While the list could be endless, the main types of driving distractions are:

  • Texting
  • Reading a book
  • Using a cell phone
  • Eating or drinking
  • Smoking and dealing with lighting up
  • Grooming
  • Reading maps
  • Using a navigation system
  • Talking to passengers
  • Watching a video
  • Adjusting a radio

Driver distractions are the leading cause of most vehicle crashes and near-crashes. According to a study released by the National Highway Traffic Safety Administration (NHTSA) and the Virginia Tech Transportation Institute (VTTI), 80% of crashes and 65% of near-crashes involve some form of driver distraction. The distraction occurred within three seconds prior to the vehicle crash!

When you are driving, the condition of the roadway you are on and the behavior of other drivers can change abruptly leaving you little or no time to react. When you are driving, follow these rules:

  • Stay focused.
  • Pay attention.
  • Expect the unexpected.

Fifteen minutes could save you time, but a thorough review of your auto history will allow us to bring you the best value for your money. 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.

 

Tell us more about the kind of vehicles you want to insure, and we’ll be in touch soon. Get a quote now.Facebooktwitter

Posted by & filed under Auto Insurance, Cyber Liability, Homeowner’s Insurance, Life Insurance, Personal Insurance.

An Insurance Update

If the last time you had an insurance review was when the Dallas Cowboys won a super bowl, it is time to have us review your business and personal insurance. Our team is ready to help you understand how your insurance needs have changed over time.

Here are a few examples of how life changes may impact your insurance.

  • How often do you travel out of the country?
  • Do you have any domestic employees?
  • Has there been any changes in marital status?
  • Are you involved in any nonprofit organizations?
  • Do you own a business and operate from your home?
  • Do you own a second home?
  • Do you drive for Uber?
  • Do you own any unique collections of art, wine, cars, or guns?
  • Are there any children in college?

Your insurance needs to change with your life. We offer a broad range of personal insurance products that are designed to meet your individual needs. We can help you find am insurance product that suits your individual needs. Don’t wait for another second to ensure your home is adequately insured. Call us today for more info on your options for personal insurance coverage.

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 Uncategorized.

Best Practices Holiday Parties

In the next two to three weeks, most companies will be holding their company holiday parties, and with that will come a lot of risk. Without the appropriate precautionary measures, legal consequences can quickly dampen the festive nature of these company-sponsored events. With the growth of social media, that last thing you want is a picture of yourself dancing on the table posted on YouTube, Facebook, and LinkedIn. Also, almost 40 percent of all holiday traffic fatalities involve alcohol. Here are a few thoughts as you start planning for your company event.

Whether your business is large or small, we have the products to meet your needs. Every business and industry is unique. As business owners ourselves, we understand the special protection businesses need to prosper.

Do Some Pre Planning

  • Make it clear that employees are not required to attend as a condition of their employment.
  • Remind employees of your harassment policy.
  • Remind employees that the company policies apply to events outside of the normal work hours.
  • Don’t have gift exchanges, they never work. If you must, gifts should be business and family appropriate.

Reduce Your Risk By

  • Do not conduct business at the company party.
  • Do ever have an open bar, always use a restaurant or licensed bar tender.
  • Provide alternative transportation options.
  • Offer food and alternatives to alcohol.
  • Card everyone who attends.
  • You can limit drinks by using a vouchers or ticket systems.
  • Do not hang mistletoe, ever.
  • Invite spouses and even other family members.

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.

Our business success depends on how effectively we serve our customers. As a designated Trusted Choice agency, we are dedicated to providing the best service in the industry. Experience the difference by giving us a call today. Our friendly and knowledgeable staff are here to assist you in any way possible.

See which companies we represent.

We are licensed in Kansas, Missouri and Nebraska.

 

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

The holiday season is filled with fun, parties, food, gifts, overeating and unfortunately some risk. One of the fasted growing risks for many people are stolen packages by porch pirates. According to proopertycasualtiy360, over 26 million packages are stolen during the holiday season. Need more bad news?

Your homeowners or renter’s insurance generally may not cover this loss as it tends to be under your deductible. There could be coverage if you have personal property off premises insurance. Also for theft coverage to apply generally, you need proof of loss by a broker indoor, etc.

Call our office for a review of your homeowner’s insurance, as each policy is unique to your circumstances.

Things To Do

  • Delivery confirmation is a good way to prove the package was delivered.
  • Thieves will follow delivery trucks, waiting for the perfect target.
  • These thieves commonly strike during working hours as many homes are empty at that time.
  • You can insure your packages.
  • Consider having a person there when the delivery is scheduled.
  • Install a security camera.

High Tech Solutions

There are a few high tech solutions to consider.

  • Landport or BoxLock provides a delivery box on your porch that has an electronic lock.
  • Amazon Key, which has a fairly simple premise: When a delivery arrives at your house, and you’re not home, the courier scans a barcode that sends a request to Amazon’s cloud. If it’s approved Amazon remotely unlocks your door and starts recording video through the online retailer’s Cloud Cam.
  • Install a front door camera. Many shippers will not replace the item with this kind of device.

What To Do If A Package Is Stolen

  • Track your package. Check the delivery confirmation and tracking number.
  • Make sure a neighbor did not pick it up for you.
  • Contact the seller. Different retailers have different policies and processes for handling stolen items, but usually, you are entitled to a refund or a replacement item.
  • File a claim with the shipping company.
  • Check your Credit Cards for Purchase Protection.

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, News and Announcements, Personal Insurance, Safety.

Holiday Risks identified

Personal Insurance Update

Did you get an ugly tie or sweater last year for Christmas?  If this Christmas is a repeat of last year, the good news is that you can probably exchange the gift for something you can actually use.  However, many other ugly things can happen during the holidays that you may not be able to take back.  While the holiday season is a great time to celebrate with family and friends, it can also lead to fire, theft, and losses that will dampen your holiday spirit.

Now would be a good time to have us review your personal insurance to make sure you understand your coverage and provide optional coverage for you to consider.

Typical Holiday Mishaps

House fires – Due to increased use of electrical cords, home fires rise during November and December.  Make sure you use only UL approved appliance and electrical cords. Do not over-use outlets to the string inside or outside lights.  If you have a natural tree, keep it watered. Invest in a fire extinguisher, and keep it in the kitchen.  The median cost of fire damage due to candles and fireplace claims can be around $9,000.

Theft –Criminals love the holiday season because they know you may have expensive items in your home. Keep your doors locked. Do not place gifts next to windows. It is not necessary to post all your holiday purchases on social media.  Criminals love to “like” your posts, and then steal your gifts.

Use of alcohol – Resist the pressure to drink or serve alcohol at every social event.  Designate a driver before the party begins.  Offer non-alcoholic beverages at your party.

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.Facebooktwitter