Category Archives: Commercial Umbrella

Cobb-Hall Insurance: Agency of the Year Award

Cobb-Hall Insurance is honored to be named Agency of the Year by National Underwriter Magazine.  Click link to read full article.    Cobb-Hall Insurance Agency of the Year

Steps for Handling A Business Loss

What to do in Case of a Business Loss

At the time of a loss, sometimes it is difficult to know what steps to take.  Your insurance contract Emergency exit signsrequires that you report all claims promptly, so be sure to contact them as soon as possible after a loss. Once the insurance company assigns an adjuster, you will be able to deal directly with the adjuster to settle your claim.Your agent is there to help you, so if you have any delay or problem settling your claim, be sure to contact your agent.

Here are some tips to assist you in case of loss.

Property Claim

  • Contact proper authorities. (Fire Department, Police, Etc.)
  • Protect property from further damage.Contact: Utilities (gas, electric),                                      Contractor (board windows, cover hole in roof)
  • If possible, take photos of damage before emergency repairs are made.
  • Call your agent/insurance company to report the loss. An adjuster will be assigned.
  • Discuss the next steps with your adjuster. (what contractor to call, when to schedule repairs, etc.)
  • Be sure to keep a record of costs and retain receipts.

Automobile Claim

  • Contact the police.
  • Stay safe and out of traffic. Warn oncoming traffic if needed.
  • Check if medical assistance is needed. Call an ambulance if necessary.
  • Collect information: vehicles, drivers, address & phone numbers, license & plate numbers, insurance policy numbers, police report number, witness contact information, etc.
  • Call your agent/insurance company to report the loss.
  • If vehicle is not drivable, have it towed to a repair shop.
  • Discuss the next steps with your adjuster. Do not authorize repairs before the adjuster gives authorization.

Liability Claim- In the event of injury or property damage you allegedly cause

  • If injury is involved, provide assistance and call an ambulance and/or the police if necessary.
  • Obtain details: name, address, contact information for those involved, witnesses, description of event, etc.
  • Call your agent/insurance company to report the  incident.
  • Forward all correspondence, including attorney summons and court documents to the insurance company.
  • Refer all claim questions to your adjuster, including from the other party’s attorney.

Workers’ Compensation Claim

  • If injury is involved, provide assistance and call ambulance and/or police if necessary.
  • Obtain details: name, address, contact information of those involved, witnesses, description of event, etc.
  • Complete state-mandated accident reporting form (form 100). Contact your insurance company/agent to obtain this form.
  • Contact your Workers’ Compensation Insurance company or agent to report the incident.
  • Forward all correspondence, including attorney summons & court documents to the insurance company..
  • Follow instructions from your adjuster and refer all claim questions to your insurance adjuster.

Contact the professionals at Cobb-Hall Insurance to provide solutions for your business insurance needs.

How Umbrella Coverage Protects You

Why you may need Umbrella Insurance Coverage

A rain umbrella protects you from getting wet, but doesn’t stop the raindrops from falling. Umbrella insurance is similar, it does not prevent disaster, but it can save you from the financial consequences. In our litigious society.Umbrella Protection

Personal

Accidents happen, when they do you may be held legally responsible for injury, damage to property and legal fees. These can quickly escalate to hundreds of thousands of dollars. Some examples are:

  • While driving, you cause a serious accident.
  • Your dog escapes and bites a neighbor, causing extensive medical costs.
  • Your child’s friends are playing on your trampoline and one falls, suffering serious injury.
  • You publish a newsletter on the Internet and wrongly accuse a state senator of a crime.
  • Your drop a friend’s valuable antique, which shatters on your garage floor.

If you have assets, including retirement savings, college funds, home equity and other assets, you are at risk. An umbrella policy provides peace of mind as the premium you pay for protection is very low.

Business

An accident with severe injury can result in substantial medical care, lost income and other expenses, sometimes taking years to determine the extent damage.  Your business is responsible when coverage provided by your policies is not enough to meet the amount of a loss.. Umbrella Liability coverage can protect your business from bankruptcy and serious financial hardship by providing defense coverage and additional limits to pay large judgments.

Contact Cobb-Hall Insurance for solutions designed specifically to meet your needs.

 Excerpts from: Insurance Publishing Plus, Inc. 2014