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MTM Insurance Associates, LLC |
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March 2012 Newsletter | www.mtminsure.com |
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Greetings,
We are all suffering from Spring Fever with the warm days we have enjoyed lately. While you think about doing your spring cleaning, it is a good time to review your insurance policies to be sure the coverage is meeting your needs. We are always available to discuss your coverage and talk about new options that are available for you. Call us anytime to schedule a quick review of your policies. We can meet with you in person or if is more convenient, we can "chat" via the telephone or even email.
Be sure to check out our St. Patrick's Day limerick contest below. Get creative and win a $50 gift certificate to a local restaurant!
We'd love your feedback. Please email your comments to:
cindyt@mtminsure.com
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HIRING OF CONTRACTORS
At MTM Insurance, our goal is to provide not only the most cost effective and comprehensive coverage for our clients, but also continual advice on how to protect your business and your personal assets.
This month, we remind all our clients about guidelines to follow when hiring outside services/contractors to work at your business or your home. Before you agree on hiring that contractor to provide you needed repairs, installations, etc., please request the following:
A certificate of insurance from the company/person evidencing that they have COMMERCIAL GENERAL LIABILITY AND WORKERS COMPESNATION COVERAGE
This certificate of insurance will prove that the company/person you have hired, has proper insurance in place. The liability insurance should provide liability for any PROPERTY DAMAGE OR BODILY INJURY that may occur in the course of their work. The workers compensation will allow them and their employees/workers to collect benefits if injured while on the job at your workplace or home. The workers compensation certificate should specify that both the owner of the company and his employees are covered.
Without proper insurance in place, damages and injuries could become your liability. Why jeopardize your own businesses or homes? Always require that any company you hire provide you with proper evidence of insurance. As always, never hesitate to call us at MTM with any questions or concerns. We value your business and are here to assist you.
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EPLI--ARE YOU COVERED? A waitress at a restaurant was dismissed for poor performance. Although her declining performance had been well documented by her employer, the waitress felt that her dismissal was a result of her recently announced pregnancy rather than her work. The waitress decided to sue her employer and the employer spent over $100,000 in defense costs alone to defend themselves from her allegations.
Do you have employees? If so, Employment Practices Liability Insurance (EPLI) is a key coverage. Protecting you from claims that may result from wrongful employment practices, such as discrimination, harassment, retaliation, termination, and failure to hire, this can be added to most Business Owners and Commercial Package Policies. With the economy the way it is, businesses have seen an increase in these types of claims. Dismissed employees, knowing they may have a difficult time finding another job, often try to get the most they can from their former employers. By adding this coverage to your policy, you can help prevent one of your employees from causing your business financial ruin.
Please give us a call to find out if we can add this coverage to your policy.
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PROTECT YOUR "VALUABLES". . .
 Due to the increase in the price of gold, silver, diamonds and precious stones, any appraisal over 2 years old is probably outdated and, if a loss occurs, the scheduled amount on your policy may not be enough to properly protect you. We recommend securing current appraisal for the jewelry items we have scheduled on your homeowner policy.
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WINTER STORM WATER DAMAGE
 Winter storms can wreak havoc on our homes. Many of our clients have sustained severe water damage due to the overflow from a sump pump or a back up of a sewer or drain. You can purchase special coverage to protect you from these types of losses. This coverage is important for everybody but critically important for anybody with a finished basement.
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ST. PATRICK'S DAY LIMERICK CONTEST
Feeling creative and lucky this St. Patrick's Day? Enter our St. Patrick's Day Limerick Contest for a chance to win a $50 gift certificate to a local restaurant. Just visit our Facebook page, choose "Limerick Contest" from the menu on the left and post a limerick. The winning limerick will be selected by number of votes it receives. Encourage all your friends and family to vote for you! If you're not that creative but looking for a good laugh, checkout the entries and vote!
Posts should be your original work and follow all contest rules listed on our Facebook page. All entries must be rated PG-13 or cleaner and posted by 5 p.m. pm Saturday, March 31. We will announce the winner on Monday, April 2nd.
What's a limerick? It's a little rhymed verse. The first, second and fifth lines rhyme with each other and have the same number of syllables (typically 8 or 9). The third and fourth lines rhyme with each other and have the same number of syllables (typically 5 or 6). Here is an example of limerick (by Edward Lear)
There was an Old Man of Kilkenny,
Who never had more than a penny;
He spent all that money,
In onions and honey,
That wayward Old Man of Kilkenny.
Good Luck!
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Sincerely,
Paul MacDonald, Cindy Traverso, Laurie Mancinelli
(978) 681-5700 North Andover, MA
(978) 667-9031 Billerica, MA
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