Archive by Author | Jim Kinmartin - Business Insurance & Risk Management Broker

USC vs. Oregon

Even though the Trojans were throttled by the Ducks 56-24 yesterday at the Coliseum, we enjoyed our day tailgating and watching college football under the lights on a perfect Fall Saturday. Spent the day with some great friends and broke away from the Orange Curtain for a night. #ILoveLA.

-JK

Life Happens

Some days or weeks, life just happens when you least expect it to.

My wife and I whom both work full-time in heavy sales roles were smacked in the face with the reality that our nanny has to tend to her own sick child for the next few days.

My wife was literally getting ready to walk out the door for work yesterday when she got the sudden news from our nanny. Without hesitation, she stopped what she was doing and readjusted her entire day to care for our daughter.

Today it’s my turn but I am not complaining, I love this girl!

My daughter C. and me

Technology allows me to get my work done anytime, anywhere. Albeit on my daughter’s clock today, not mine. I have my Agency Management System, my work phone, and my email all at my fingertips which allows me to serve my clients regardless if I am sitting in my office or not. Not to mention my support staff back at the office. How great is that?

I may not be as productive, but I’m not skipping a beat either.

Kids or not, life happens to everybody and we all must face reality. Props to my fellow soldiers out there juggling life and work and finding ways to get it done. It might not always be pretty, but somehow it always miraculously works itself out.

-JK

Insurance for Accountants, CPA’s and Bookkeepers

Accountants, CPA’s, Bookkeepers, Tax Preparers, and other financial services professionals work with a lot of sensitive, personal financial information which can expose them to high levels of risk. And that’s in addition to the every day risks they face – like damage to their place of business or business-related records, etc.

The Hartford is a great insurance carrier for Accountants, CPA’s & Bookkeepers and other financial professionals. They offer a product which bundles General Liability, Professional Liability (Errors & Omissions), Data Breach, Property, and Business Income into a single package policy at a really reasonable price.

Whether you’re a sole practitioner, or partner at a large accounting firm, you should consider The Hartford for your business insurance if you don’t have a policy with them already.

Contact me if you would like to see what The Hartford can offer. I am an appointed broker who can help you out with a quote for this.

-JK

Brand New Excavator Gets Dropped Two Stories

Who knows if the excavator was brand new or not but it makes the heading sound better.

This is a good visual lesson of the importance of Inland Marine insurance if you’re a contractor with expensive equipment like this:

Inland marine insurance coverage is intended for property that may be moving from location to location, property off premises at new locations, temporary locations, or work locations, and/or subject to “unique” causes of loss that traditional property policies do not cover.

Contractors equipment, like this excavator, is one of the majors areas covered by Inland Marine Insurance.

New or old, this excavator needs to be replaced now. And there’s no time for lagging. The job needs to get done. This is why you should but Inland Marine insurance if you’re a contractor with expensive equipment that you cannot afford to lose.

-JK

Graffiti Prevention for Businesses

You see it everywhere you go. It doesn’t matter what city, state, or country…..graffiti is EVERYWHERE. And it looks like crap and if it’s on the wall of your business or building! Not only does it look like crap, but graffiti contributes to reduced retail sales, a decline in property values, and citizen fear. Not what you want when it comes to running a thriving business. Or owning a successful commercial building.

A business littered with graffiti is less likely to be patronized. Citizens feel less safe and secure entering a storefront where graffiti is present.

Graffiti Prevention: Tips for Businesses

If you have any questions about the following:

  • How can a business prevent graffiti?
  • How might a “graffiti ordinance” affect a business?
  • What should a business do if it’s hit with graffiti?
  • How should graffiti be removed?

Then check out this Tips for businesses fact sheet

Hopefully with enough businesses on board to prevent graffiti, we don’t have to see it everywhere we go. Pure and simple, it looks like CRAP! More importantly, it contributes to reduced retail sales, declines in property values, and community fear.

What measures are you taking to prevent graffiti on the walls of your business or building?

-JK

Is California the Most Litigious State in the United States?

Although many people view California as the most litigious state in the United States, it is actually the sixth most litigious, according to the Employment Opportunity Commission (EEOC).

Texas had more than 7,482 charges filed in 2018; followed by Florida with 6,617; then Georgia with 4,919; then Pennsylvania with 4,463; followed by Illinois with 4,444; and then California with 4,344.

Considering that California is the most populous state and has the most protections for employees, the number of complaints, just based on employee population, is a head-scratcher unless you believe that California employers are better at preserving employee rights or that population and employee rights are not good indicators of employment practices risk.

Source: Travelers

-JK

Fire Prevention for Apartment Buildings

If you own an apartment building, you know it’s a valuable asset that you want to make sure to protect to ensure it continues to bring monthly income into your pocket in the form of rental income. Take care of your baby!

Philadelphia Insurance Companies has identified three leading causes of residential fires: electrical issues, smoking, and cooking. Additional hazards include laundry dryers, barbeques, and flammable liquids. To address these causes, Philadelphia recommends the following tips and resources to help you reduce the chances of a fire at your apartment building:

Electrical Fire Safety

  • Do not overload your system by using “daisy chains” of power strips or extension cords
  • Have the entire electrical system inspected by a qualified electrician prior to building purchase or occupancy
  • Have your electrical system inspected at least every 10 years by a qualified electrician
  • Have an infrared scan of your electrical system with a thermographic camera every three to seven years to identify hot spots
  • Tighten or replace components where hot spots exist to help prevent electrical fires and for possible savings in electrical consumption
  • Visually inspect key electrical components, like breakers and switches, on an ongoing basis, making sure they are clean, dry, and tight
  • If your apartment building has aluminum wiring or Federal Pacific Stab-Lok breakers, these are known fire hazards; contact your insurance broker or carrier for Risk Management Services to help

Smoking Fire Safety

  • Make your apartment building smoke-free
  • If you cannot have a non-smoking apartment building, create a safe smoking area at least 20 feet away from the building with a non-combustible, non-tipping receptacle for ash and butts

Cooking Fire Safety

  • Implement cooking fire preventative devices, such as stovetops that sense unattended cooking or limiting the temperature of the cooking surface
  • Implement Auto-Out fire reactive devices that expel an extinguishing agent in the event of a fire

Laundry Dryer Fire Safety

  • Verify that dryer lint traps are in good condition and being cleaned often to prevent buildup
  • Ducting from the dryers should be smooth aluminum, and should also be on a cleaning schedule

Flammable Liquid Fire Safety

  • Do not store more flammable liquids or aerosols than necessary on a property. Discard all not being used and store the remainder in a UL listed flammable liquids cabinet

Barbecue Fire Safety

  • Consider a policy of “no personal” barbecues on site. Provide a community barbecue located away from any building
  • Do not allow any charcoal barbecues to be used onsite
  • If personal barbecues are allowed, they should be used a minimum of 10 feet from any structure and not allowed on any combustible deck

Finally, make sure smoke detectors are present and operational. In residential fires resulting in deaths, 57% of the time a smoke alarm was not present or was not operational, according to the NFPA. Ultimately, the goal is to prevent fires, which requires a joint effort by apartment building owners, apartment building managers, and residents. A reasonable investment of time and resources by all three parties can help keep people safe and protect real estate investments. For more information, watch the four-minute video above from Philadelphia Insurance Company. And contact me anytime you have questions about protecting your apartment building. This is an ever-valuable asset you want to keep in good standing.

Credit: Philadelphia Insurance Companies

-JK

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