Tom's Blog

A standard North Carolina insurance policy comes with many clauses and conditions to the coverage it provides and it pays to know what these clauses and conditions mean. One very important clause that may affect you is called subrogation; so let’s take a look at subrogation and what it means to you. Dishwasher Disaster Suppose you just purchased a brand new dishwasher and within a week, your new dishwasher experiences a mechanical problem, resulting in a fire that causes significant damages to your home. Since fire is a covered loss, you are covered! Your insurance company inspects the damages and pays for the amount (subject to policy limits) minus your deductible. This is Subrogation! Since [...]

Identity theft is becoming a huge business. Believe it or not, identity theft strikes over 12 million Americans per year and can cost thousands of dollars per victim. While these facts are alarming, there is a sense of comfort knowing there are 10 easy ways to protect yourself from identity theft! Utilize STRONG passwords. The more complicated a password is, the harder it will be for a hacker to crack. Using a variety of upper and lower case letters, number, and symbols will increase your safety. Use smart PIN #s on your smartphone. Try NOT to use PIN codes such as 1234 or 1111 since those are most commonly used and always have your phone [...]

Assigned risk insurance is provided for a group of people who have been denied liability insurance coverage for various reasons, yet are required by law to carry insurance. The government then assigns them to insurance companies who will provide liability insurance or Workers Compensation for a rate higher than the conventional rate. There are a multitude of common questions for N.C. assigned risk services for customers that will be addressed. How is Your Premium Determined? Your premium will depend on many factors such as rates, payroll expenditures and experience modification factors. Keep in mind that the quote given is considered to be an estimate and your actual premium may differ. What is Experience Modification Factor? [...]

In the cyber world in which we live, email is a crucial part of our business day, so it is easy for us to just assume it is safe. However, think about it…all it takes is one click of the mouse for a heap of trouble to occur. One tiny click on a link or advertisement could mean a virus being spread to everyone on your contact list at work. The second each of these people opens this email, it can spread the virus to all of THEIR contacts, creating a huge domino effect! In a matter of minutes, the entire business working system could be infected and rendered inoperable, resulting in a system shutdown [...]