Friday, June 25, 2010

Seven Manufactures announce crib recalls

Good information received from our day care provider.  See below.

Good Evening Parents:

Two million cribs are being recalled today.

Please check out the link above and double check the crib that your povider is using as well as your cribs at home.  I have forwarded this same recall notice to the providers since we all need to work together.  During my visits I will be checking for these as well!  The recalling firms are providing consumers with free repair kits to immobilize the drop down sides. Please let me know if you have any questions.

Have a great evening!

Shauna Skerman, BA
Child Care Resource and Referral Specialist
Infant/Toddler Family Day Care
11166 Fairfax Blvd., #206
Fairfax, Virginia 22030
703-352-3449 x118
Toll Free: 877-321-0997
Fax: 703-352-7730

Become a Part of Our Family

Monday, June 14, 2010

FEMA's Statement Regarding Damage Caused By Oil in Flood Waters

We have been receiving many questions regarding the potential for oil in the flood waters. FEMA has posted a bulletin on their position in this matter. Please read the attached bulletin.

Oil in Flood Water

Saturday, June 12, 2010

Why's My Auto Rate So High?

Well, there could be 20 different answers:
Insurers use as many as twenty factors to underwrite auto insurance policies. All things being equal, an auto policy holder will pay less if any of the following conditions apply: clean driving record, reside outside an urban area, credit rating is high, age 25 or older, female, married, make and model of vehicle is not prone to theft or is not considered high-performance.
Today's quote from the Insurance Daily Calendar

Friday, June 11, 2010

Wage and Hour Claims Could Affect Your Business!

Employment Practices Liability is a specialized insurance policy that protects employers against employee claims, including discrimination, harassment and wrongful termination. This coverage has been in the marketplace for the better part of the last 20 years. Companies offer the coverage either as a monoline policy or an endorsement to an existing Liability policy.

EPL policies often exclude coverage for "Wage and Hour" claims brought by employees. Wage and Hour responsibilities are dictated by the Fair Labor Standards Act of 1938.  Examples of such claims include:
  • Failing to pay overtime
  • Paying overtime at regular wage rates
  • Failing to pay minimum wage
  • Failing to provide commission to salespersons
  • Failing to make or delaying payment of an employee's final check
We've recently learned that the Department of Labor has been stepping up its efforts to educate employees about their responsibilities and to penalize employers in violation. The following facts were provided by Professional Liability Insurance Services, Inc.  They are a wholesale broker that we retail agents can approach for specialized coverages.
In April 2010, the Department of Labor launched the "We Can Help" campaign to assist employees in filing these claims.  
The DOL is launching a series of posters, booklets and PSAs to educate workers about their rights.
The DOL has ceased providing "opinion letters" to employers to help them stay in compliance with regulations.
Non-government wage & hour settlements increased 44% in 2009 over 2008.
Is your company at risk for this type of claim?  Here's how to proceed:
  1. Educate yourself about your responsibilities under the law.  DOL FLSA Compliance Assistance
  2. Check your Employment Practices Liability (EPL) policy to see if it excludes Wage & Hour claims.
  3. If it does, talk to your agent about adding the coverage back by endorsement.  This can usually be done for some additional premium.  Whenever there's an exclusion, there's usually a way to buy the coverage back

Tuesday, June 8, 2010

Insurance Discounts for Green Features in your Home

As Green awareness spreads, I've found that many insurance carriers have been slow to respond. Over the past year, I have surveyed several of the carriers that I represent to see if they offer any customized coverages for Green homes or buildings. Several have developed endorsements; but some have yet to join the party.

Southern Insurance Company (a member of the Donegal Insurance Group) is one of the Green leaders on the Personal Insurance side.  They offer a 5% Solar Energy discount and a 5% Geothermal Heat Pump discount for Homeowners who have this equipment.  I was surprised to find that many larger carriers do not offer such discounts.

Click here for Southern's announcement about the new credits for Virginia policyholders.  Southern offers these credits for policyholders in other states as well.  For more details, ask your agent.