By: Joseph C. Smith, CIC, CPIA, CBIA Georgetown Insurance Service, Inc. Frederick, MD What is Commercial Property Insurance? As a business owner, one of the most important types of insurance you need in your toolkit is commercial property insurance. Whether you own the building or are a tenant, commercial property insurance is necessary to protect … Continue reading Commercial Property Insurance: It’s More Important Than You Might Think
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Insurance Lingo 101
Insurance. We all need it. It safeguards our property, our families, our businesses and our employees. Insurance can help us pay for property damages, injuries, and medical expenses that might otherwise have large financial consequences. However, sometimes navigating the various policies, terms, and coverages can get confusing and overwhelming. Let’s break down the most common … Continue reading Insurance Lingo 101
Cyber Insurance: Why Should You Purchase it?
Remmie Butchko, CIC Georgetown Insurance Service, Inc. Silver Spring, MD While there are many facets of cyber insurance, this is geared toward the considerations business owners must make relating to First Party Coverages, which can often be overlooked. Many of today’s discussions of cyber insurance concern Third Party issues, such as failure to protect private … Continue reading Cyber Insurance: Why Should You Purchase it?
REAL ID Act: What You Need to Know
Did you know that on October 1, 2020 every air traveler aged 18 and up will be required to have a REAL ID-compliant driver’s license or another acceptable form of ID (valid passport, federal government PIV card or U.S. military ID) to fly within the United States? No doubt you’ve already heard about the REAL … Continue reading REAL ID Act: What You Need to Know
Did You Know – National Safety Month
Did you know… That in 2016, the National Highway Traffic Safety Administration (NHTSA) reported 397 traffic fatalities on Independence Day weekend alone? In fact, 44 percent of all vehicle fatalities that occurred in 2016 happened between the months of May and August, with July being the highest. Medically consulted injuries in motor vehicle incidents totaled … Continue reading Did You Know – National Safety Month
The Impact of Foreign Workers on U.S. Employers
By Remmie Butchko, CIC Georgetown Insurance Service, Inc. Silver Spring, MD The U.S. is known as the “land of opportunity.” And because of this, people from around the world are attracted to live and work in America, seeking both high- and low-skilled jobs. The increase in labor creates more competition in the workforce and sometimes, … Continue reading The Impact of Foreign Workers on U.S. Employers
Craziest Claim of the Month – “An Unlucky Note”
Pianos are an investment. Not only are they expensive to purchase, they’re also expensive to ship. In June’s craziest claim, one local piano company the unfortunate luck of eating some expensive charges. A customer came into the shop and priced out one piano with overseas shipping included. He purchased it with a credit card and … Continue reading Craziest Claim of the Month – “An Unlucky Note”
Pollution Liability Insurance 101
“The presence in or introduction into the environment of a substance or thing that has harmful or poisonous effects.” According to Dictonary.com, that’s the true definition of pollution. When people hear this word, it usually conjures up images of dark smog pouring from factory smoke stacks, exhaust fumes filling the air from large trucks, and … Continue reading Pollution Liability Insurance 101