left corner

Do You Know If You Are Under-Insured or Over-Insured?

Be Confident, Clear, & Have a Sense of Security That You Are Protected!
Download The 5 Things Your Insurance Broker Will Not Tell You That You Need to Ask.

 

Category: Uncategorized

  • How much should Workers Compensation Cost

    Posted by: Insurance Ninja on April 10, 2012

    Workers Compensation is an insurance coverage based upon the payroll of a company or organization. Each company has different exposures and thus different classes and rates that apply.

    The most common class is that of clerical for an office exposure and the rate is approximately .15 cents per hundred dollars of payroll.To figure your cost, simply take your clerical wages divided by 100 times the .15 and boom goes the dynamite, that is your annual cost…for the clerical exposure.

    The higher the risk of the exposure, the higher the rate. Construction classes have a rate of approximately $7.00 per hundred dollars of payroll. Use the same formula above and notice the extreme difference between the costs of construction work comp vs. clerical work comp.

    Why?

    Think about an office exposure and then think about someone building a house. The person building the house if FAR more likely to get injured than the person working in an office setting. Finally, most states have additional charges for injury funds and terrorism. Once you take your payroll x the rate and get all your class premiums, you should add about $500.00 to get a ballpark of your insurance costs.

    Finally, most states allow carriers to file credits to reduce their rates for companies that have good experience. Not all work comp is priced the same!

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

  • How to Get Rid of Telemarketers

    Posted by: Dakota on August 3, 2011

    Meet Andrew Thorpe, Marketer and Commercial CSA at The Thompson Group. He’s got some news on how YOU can get rid of telemarketers! Check it out!

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

  • Employee Theft…Are you Naked?

    Posted by: Dakota on July 15, 2011

    In today’s society, Employee Theft (also called Employee Dishonesty) has grown to be a prominent issue in the workplace compared to years past. It could be because of the economic downturn we experienced, but here are the statistics:

    • 27% of large companies see an increase in employee theft
    • 7% of annual revenues LOST due to employee theft
    • 37.1% of all frauds committed by a manager
    • 2 years go by before an office fraud is caught

    (Source: Association of Certified Fraud Examiners)

    When analyzing our clients’ commercial insurance programs, a key coverage that other agencies generally overlook is that of Employee Theft. The coverage is available as an endorsement to your policy, and we suggest to all business owners and non-profits to review their program with their current insurance agent.

    The Thompson Group delivers top-notch, industry specific programs built to cover all of your needs. In the event of any claim, we make sure our clients aren’t Naked.

    To learn more about The Thompson Group, feel free to call us toll free 800.886.6655 or request a Free Quote Today!

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

  • Smaller Vehicles Improve in Safety Ratings

    Posted by: Dakota on June 13, 2011

    It is no surprise when one finds out that their small car has a poor safety rating. But according to some new research by the Insurance Insitutute for Highway Safety (IIHS), these ratings are on the upswing.

    IIHS evaluated 13 small cars in terms of safety. At the conclusion on the rating, six earned top safety awards. Additionally, none of them walked away with a “poor” rating. (Areas evaluated: front, rear, side, and rollover impact.)

    What are these top rated vehicles? Ford Focus, Honda Civic, Hyndai Elantra and the Toyota Prius.

    Source: INSWEB Insurance Blog

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

  • Do You Drive a Company Car?

    Posted by: Dakota on June 13, 2011

    In a lot of businesses, the use of a company car is extremely necessary. But what most don’t know is that there is a huge exposure when employees take the company car to run errands or go on business trips.

    Businesses with company vehicles need to make sure a “Hired Non-Owned Auto Endorsement” is added to their commercial auto policy. Additionally, business owners should make sure that those driving their vehicles should have an “Extended Non-Owned Auto Endorsement” on their personal auto policy.

    If you are not sure your current commercial policy includes this key coverage, please contact us today to review your current insurance program.

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

  • Unlawful Employee Termination may leave you NAKED

    Posted by: Dakota on June 13, 2011

    In today’s economy, it comes to no surprise that businesses are learning to operate on less.

    But, let’s say that in an attempt to cut one’s overhead, a business owner terminates an employee. A month later, the owner (let’s call him Kevin) receives a letter from the law firm of said employee, stating that the termination was unlawful.

    When Kevin went to his insurance agent to ask if this is covered in his current insurance program, he was instantly told, “No.”

    If you were sued for unlawful termination, would you be covered? Without this key coverage, you could be NAKED.

    If you feel you may be missing this key coverage, contact us today to have your current insurance program reviewed.

    Next Steps:

    Let’s talk about how we can review your current insurance needs and see where there are gaps.   Click HERE to schedule a free consultation call with us!

Contact Us

Click here to contact us for more information

Categories