PROTECT YOUR BUSINESS WITH A POLLUTION LIABILITY POLICY
In April 2010, an oil drilling rig owned and operated by Transocean Ltd. exploded and sank in the Gulf of Mexico. The accident killed 11 people and set off a massive oil spill, causing catastrophic damage to marine life and imperiling coastal areas in four states. Transocean was operating on behalf of the giant energy corporation British Petroleum, who owned the rights to the oil field where the rig was located. BP came under intense criticism from the President, Congress, and the public for what was perceived to be inadequate safeguards to prevent the disaster. The companies involved in the incident might have legal liability for economic damages and clean-up costs totaling billions of dollars.
Most U.S. businesses are not drilling for petroleum in an important waterway, but they could still face similar loss exposures on a smaller scale. Millions of companies have fuel storage tanks above or below ground, or transport fuel or chemicals. Manufacturers use a variety of toxic substances in their operations. If any of these substances leak into the land, water, or air, the companies might be responsible for remediation costs and damages. If these companies do not have the right insurance, these costs could drive them out of business.
The standard Commercial General Liability (CGL) insurance policy does not apply to most accidents involving pollution. It does not cover injuries or damages caused by the escape of a "solid, liquid, gaseous or thermal irritant or contaminant," nor does it cover any costs the business incurs because it was asked or required to clean up the contamination. There are some exceptions; for example, the policy covers a contractor if fuel or fluids leak from construction machinery brought to a job site. It also covers injuries or damages caused by heat, smoke, or fumes resulting from an uncontrollable fire. However, the insurance companies that offer this policy do not..
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Greetings!
If you know me at all, you know that I'm a lover of the arts. Jeanne and I are very active with Mountain Top Music Center (Jeanne is actually a Trustee), and we support other arts as well (can't wait for the next "Art in the Park" artists' market thanks to the MWV Visual Arts Center!) It is through the arts that our imaginations are unlocked, and we are stirred to pause, think and reflect. The arts have a unique ability to give us a different perspective on things... to see more clearly things that we might not have understood before. They allow us to express ourselves (and to be known), and they enrich our lives in countless ways.
Thankfully (for me), they also lend themselves to wonderful illustrations.
Imagine yourself seated, ready for an evening with the Boston Pops Symphony Orchestra. You are perched front center balcony - the best seats in the house. The conductor raises his arms and the sweet sounds of Beethoven's Symphony No. 7 in A Major begin to fill the room. The hauntingly beautiful melody permeates the hall, at times soft and somber, and at others playful and majestic. A perfect balance. You close your eyes and drink in the moment. All the stresses of the day melt away as you lose yourself in the "Apotheosis of Dance" (as Richard Wagner dubbed this piece).
You view your experience as a whole unit - the Boston Pops... or Beethoven's Symphony... maybe even as Keith Lockhart's gift to you. But really, it's much more than that. Each of the members in the ensemble had a part to play in bringing you that experience. Each section has a different sound; within each section the individual instruments are each responsible for notes, rhythms, patterns. Strings, brass, woodwind and percussion combine to produce a sound that delights the senses. Various instruments may be featured from time to time, but any one of them in and of itself would not elicit the same response from you, the listener. They all have their own distinctive sound, and yet it is only when they are meshed together with care and careful consideration, each playing the piece written specifically for them, that magic happens. They must work with one another. They have shared rhythm and mood. They have tonal blend and variation. And perhaps most importantly, they have a conductor.
Your insurance program is like that. Several components must work together to produce a package that does the job of meeting your needs. While some of those things work in tandem with one another, there are others that provide a different kind of coverage. They bring something to the policy that the other parts lack. The variety crafted into your policy makes it something uniquely designed for you.
And then there's us. We like to think of ourselves as your policy's conductor. We make sure all the parts of your insurance program work together to complement each other, creating a symphony of protection for you, our client. To you, all this risk management stuff might seem like nothing more than a bunch of 
noise. Ah, but to us... we see it as a collection of instruments, each with its own unique melody. When we raise our arms and begin to arrange the pieces, the result is a composition that is music to the ears, at a cost you can afford.
Here at M&M, we consider crafting a comprehensive, cost-effective insurance program to be a work of art (and heart!) We're committed to supporting you - and the arts. David Mason, President
Mason & Mason Insurance Agency M&M Assurance Group P.S. Become a fan on FACEBOOK! And don't forget to check out our website! We're at www.mmins.com. Just click the "Clients" tab at the top of the page and enter the site with username: "Client" and password: "INFO4U". Happy browsing! If you have any questions, give us a call at (800) 298-0802. We'd love to hear from you! |
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Understanding WC Deductible Plans
 Insurance deductibles are a common feature for property coverages such as Comprehensive and Collision coverage on an auto, or coverage on a building or personal property. They are less common for coverages applying to bodily injuries. However, some employers are finding that Workers Compensation deductibles make financial sense for their organizations. The options vary from state to state and among insurance companies; before deciding whether to accept a deductible program, a business should learn the alternatives and the consequences of each.
Small deductibles are those ranging from $100 to $10,000 or more, depending on the particular state's laws. They might apply to medical benefits, indemnity benefits (which compensate an injured worker for lost wages), or both, again depending on the laws of the state. For example, Colorado law permits small deductibles of $500 to $5,000 applied to both types of claims, while Hawaii allows $100 to $10,000 applied only to medical benefits. Some states, such as Hawaii, require insurance companies to offer small deductibles, some require them to offer deductibles upon the employer's request (Pennsylvania), and others require an offer only if the insurance company determines that the employer can handle it financially (Colorado). The employer receives a small premium discount. Depending on state law...
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Copy Machines: An Identity Thief's Dream-Come-True

It's hard to believe that the copy machine just recently celebrated its 50th birthday. There's no question that these popular technological devices have proven to be worth their weight in gold for countless consumers and businesses. From copying to scanning and even e-mailing documents, copy machines are a must-have for most modern day companies.
However, there's a secret lurking inside the common copy machine that has identity thieves across the nation salivating. Nearly every copier that was built since 2002 includes a hard drive. This relatively small unit, hidden inside the copy machine, stores an image of every single document scanned or copied by the machine.
An identity thief's dream
Most copiers store up to 20,000 document images, which might include Social Security numbers, birth certificates, bank records, income tax forms, medical records, and other valuable information. In other words, these hard drives contain the type of data that identity thieves are itching to get their hands on.
Perhaps even more frightening is this fact...
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Thank you for taking the time to read this month's newsletter! Remember, your feedback helps shape future issues. We value your input, so please...let us know what you think! Have a great month!
Sincerely,
David Mason
President
Mason and Mason Insurance
M&M Assurance Group |
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Mason & Mason Insurance M&M Assurance Group
458 South Avenue 3304 White Mountain Hwy
Whitman, MA 02382 North Conway, NH 03860
T (800) 759-1452 T (800) 298-0802
F (781) 447-2832 F (603) 356-9290
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