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Do Your Clients Need Bond Insurance?

By: Elizabeth Sedlock | Posten on: Mar 16, 2012 11:17:00 AM

In an ideal world, everyone would feel compelled to do the right thing, all the time.  No one would ever dream of stealing property, of the intellectual or physical variety, from anyone else.  Unfortunately, we do not live in a perfect world.  We live in the real one, where there are some people who are interested in behaving in ways that are immoral or illegal.  No one can be completely certain that everyone with whom they work are honest people. 

Bond insurance is sometimes referred to as “employee dishonesty coverage.”  It might also be called fidelity insurance, fidelity bond, or crime insurance.  This type of insurance generally covers instances of forgery or alteration of data or information; funds transfer fraud; Bond insurance | Stuckey & Co.computer fraud; credit card fraud; and money order or counterfeit fraud.  This insurance can be used to compensate a client in case one of their employees or contractors steals money, physical property or intellectual property from the client while that employee is on the job.  Without this type of insurance, your client may be held responsible for paying back their client out of their own pocket. 

Many of your clients are trusted with some very sensitive information.  They may be working with software or data that includes the Social Security numbers of their clients, their credit card numbers, their account numbers, and potentially their billing addresses, or the number of their bank accounts.   Your client is being asked to take good care of the kind of information that can easily be used in identity theft or credit card fraud.  It is important for them to have bond insurance to give their own potential clients peace of mind.

In addition to information, your client could be trusted with property that would be very expensive to replace.  No matter how careful someone is, accidents can still happen.  Something your client or one of their workers does could cause irreparable damage to a client's computer, or other property.  It is always possible to lose track of something that belongs to a client.  If someone loses track of even one laptop, then there is potential that someone out there could get access to information that should not be shared.  Your client could be left holding the bag and paying heavily for this sort of mistake.

Insurance is a great way to protect your clients from the risk of financial hardship that can be caused when things go wrong.  It is a way to prevent dishonest people from causing your client great harm.  Stuckey & Company can help with our executive protection policy.  Learn more by contacting Kyle Dallavis or visit our website at www.stuckey.com.

Topics: Employment Practices, corporate insurance, employers liability insurance, commercial lines insurance, bond insurance, fidelity insurance

What's New in Workers Compensation Insurance?

By: Elizabeth Sedlock | Posten on: Feb 3, 2012 9:21:00 AM

Workers compensation is a hot button right now in the insurance industry.  So many carriers are actively marketing workers comp and want to gain traction by offering new incentives.  That makes this a GREAT time for your clients to reassess their workers comp policies. 

So, what’s the latest?  Most carriers now offer some type of “pay as you go” program for workers compensation insurance.  This might not sound that exciting but it is, in fact, a good way to reel in new workers comp business.  Why?  Because cash is king and “pay as you go” programs free up cash flow for your clients. 

Lawn Care Company

Prior to this new development, workers comp was paid based on an upfront annual assessment of employee count and a 25% down payment.  If your client is a seasonal employer, like a lawn care company or a summer resort, the calculation could be based on speculation and, since the payments are equal, the client could be paying high premiums with very few actual employees.  The “pay as you go” option gives these clients a way to pay on actual payroll numbers every month, which saves time and frees up cash when employee count is down. 

Hartford is currently pushing the new XactPAY program while CNA also has a similar “pay as you go” option.  You can take a look at the carriers Stuckey has access to here.

Now is the time to talk to your seasonal clients (before summer) and offer them this new way to pay.

Topics: Blog, specialty insurance, office insurance, corporate insurance, mga insurance, workers comp, workers compensation

December Agent Alert - Stuckey & Company

By: Elizabeth Sedlock | Posten on: Dec 1, 2011 9:50:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Holiday Greetings

As the Holiday Season is upon us, we find ourselves reflecting on the past year and on those who have contributed to the success of Stuckey & Co. in a most significant way. From the bottom of our hearts, we say "thank you" to all of you who have made it possible for us to continue to serve our clients in such a wonderful way.

Each of you has played a valuable role in the success of our agency. We look forward to creating even more success together over the next year.

From our family to yours, we wish you a holiday filled with peace, love, and joy and a New Year with many blessings and lasting happiness.

Best to you all!

Dwight and Kerry Stuckey


What's New at Stuckey in 2012?

Incentives Program

At Stuckey & Company, we know that our success depends on working with the best producers.  To encourage you to grow your relationship with Stuckey & Company, we are launching a year-long, multi-product incentive program that will reward and recognize those of you who grow your business with Stuckey & Company. 

The program is simple: every two months, we will be focusing of one of our award-winning product lines.  For every new bind order you make of the featured product, you will be entered to win either the new iPhone 4S or a Kindle Fire.  A winner will be chosen for each product line so you have 6 chances to win.  It is up to you to claim your prize!

January-February: HarborGuard

March-April: SafetyTek Technology E&O

May-June: MPL

July-August: Aspire A&E

September-October: Commercial

November-December: Personal

Look for an email later this month announcing the start of the HarborGuard incentive program and outlining the terms and conditions.

Webinars

Coming in January:

January 19: New Agent Webinar

Welcome to Stuckey & Company!  Every six months, we host a New Agent Webinar to help our new agents and brokers learn about our easy quoting and application systems as well as information on coverage options.

January 26: SafetyTek Technology E&O Webinar

Did you know that Technology Errors and Omissions insurance coverage is NOT provided by a Commercial General Liability policy?  Learn all you need to know to grow your existing technology E&O business or jumpstart a new program.  This webinar will focus on the types of coverage offered by SafetyTek Technology E&O and the reasons your clients might need this type of specialized liability coverage.

To RSVP for any of the Stuckey & Company webinars, please send an email to Elizabeth Sedlock at esedlock@stuckey.com with the webinar name in the subject line.  You can also visit our website to sign up. 


Marina Insurance - HarborGuard

Don’t forget: the HarborGuard incentive program starts in January!

So, the economy has not improved much.  One thing that never changes is the need for marina insurance, especially in underserved areas.  Because Stuckey & Company can write policies for marine businesses that have insufficient liability insurance, or that have thought about reducing coverage to cut costs, Stuckey & Company has seen very strong activity from insurance agents with clients in need of these tailored coverages. The HarborGuard program gives these marine businesses outstanding coverage at an affordable price. 

In addition, HarborGuard includes new features that protect eligible classes, and gives agents more flexibility when writing policies. 

Popular new features include:
• Now can include water sports liability up to policy limits 


• Now includes Sudden and Accidental Pollution coverage 


• Deductibles as low as $25,000 for docks, including wind/collapse 


• Campgrounds, resorts, and homeowners associations now included


• Now able to write excess/umbrella and auto 


• The program can also include replacement cost on docks, liquor liability, non-owned auto and boat rental.

January and February is the time when marine businesses look toward the upcoming season and revisit insurance coverage.  So don’t be caught out in the water trying to keep yourself afloat…let us assist you in reviewing your current marina coverage to see if we can improve both cost and coverage.

For more information, please contact Jerry Lovin at jerry@stuckey.com.

START QUOTING NOW!  Get in the running for an iPhone 4S or Kindle Fire.  For applications and forms, click here.


Bind More Technology E&O Insurance

Great news: The SafetyTek forms are now approved in California!

We know the tech industry.  As the pioneers in technology E&O coverage, we understand that information technology professional service providers operate in a perilous business climate.  You can help them protect their businesses by offering professional liability insurance tailored to THEIR needs.

Educate your clients on the whys and hows of technology E&O coverage…Many professionals will not know that Technology Errors and Omissions insurance coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for programming errors, contract performance disputes or any other Professional Liability issues. IT consultants and companies who have General Liability without Professional Liability (Errors or Omissions) coverage are taking a serious risk. It’s like a doctor practicing medicine without Malpractice insurance.

Technology coverages encompass a range of exposures. Some are specifically tailored, and others are broader.

When it comes to a knowledgeable team of Technology E&O insurance professionals, Stuckey & Co. has you covered.

For more information regarding Technology E&O insurance, please contact Maggie Hammett at maggie@stuckey.com. 


START QUOTING NOW!  For applications and forms, click here.

 

 
Inside This Issue
 

What's New at Stuckey in 2012?div
Marina Insurance - HarborGuarddiv
Bind More Technology E&O
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RHYME & REASON

Happy Holidays!

We at Stuckey sat down this year
to design our holiday card,
but getting our family in here
turned out to be rather hard.

Mom, Pop and their kids showed up
to meet the photographer.
Then Pop suggested the office staff
should be in the picture for sure.

So Underwriting elbowed in.
Customer Service did too.
And little by little the Stuckey family
grew and grew and grew.

The photographer got a wide lens.
He told everyone to squeeze.
Mom interrupted and stopped it then
before we could say “Cheese!”

“Look at our family!” she said.
“I’m thankful to have you near.
How can we say it’s a family photo
without our customers here?”

So that’s why we don’t have a photo
and why this poem is for you.
May you be as blessed this holiday
as we are blessed all year through.

 


Kudos
  The Three Avocados coffee we sent you last year paid for a well in Africa. To learn more about this wonderful organization, click here.

 

 

Three Avocados Resize resized 600


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Topics: affinity insurance program, competitive insurance, speciality insurance, tornadoes, tornado, insurance claim, weather, storms, Stuckey & Company, Blog, marina insurance, harborguard, kerry stuckey, stuckey and company, mga, specialty insurance, green insurance, element, safetytek, it insurance, HIgh Value Homes, hurricane season and insurance, personal lines insurance, EPL, Miscellaneous Professional Liability, Employment Practices, Management Liability, office insurance, corporate insurance, employers liability insurance, TECHNOLOGY, TECHNOLOGY, HubSpot Tips, harborguard, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., data loss insurance, data loss risk

Stuckey & Company Newsletter - Nov.

By: jennifer strathmann | Posten on: Nov 8, 2011 10:43:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Technology E&O Insurance Coverage

Information technology professional service providers operate in a perilous business climate - professional liability insurance will help protect their businesses.

Educate your clients… Technology Errors and Omissions insurance coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for programming errors, contract performance disputes or any other Professional Liability issues. IT consultants and companies who have General Liability without Professional Liability (Errors or Omissions) coverage are taking a serious risk. It’s like a doctor practicing medicine without Malpractice insurance.

Technology coverages encompass a range of exposures.  Some are specifically tailored, and others are broader. 

When it comes to a knowledgeable team of Technology E&O insurance professionals, Stuckey & Co. has you covered.

For more information regarding Technology E&O insurance, please contact Maggie Hammett.

Other great news: The SafetyTek forms are now approved in Washington!



HarborGuard - Insurance coverage for everyone

At Stuckey & Company, we are particularly proud of our HarborGuard Marina program because this was the program that launched our company over 20 years ago. Today, we still offer the most comprehensive program for this specialized market, with tailored liability insurance for a wide variety of businesses, including marinas and boat yards, boat dealers, and marine artisans, including boat repair and supply shops.

Property

  • Onshore Property
  • Floating Property
  • Vessels Property
  • Misc Equipment
  • Rental Boat Physical Damage

 Liability

  • CGL - Commercial General Liability
  • MOLL - Marina Operators Legal Liability
  • P&I - Watercraft Liability
  • Liquor Liability
  • Non-Owned Auto Liability
  • Boat Rental Liability

Coverages

  • A+ IX rated carrier, non admitted
  • Liability Coverage includes GL and MOLL.
  • Boat rental liability is available
  • Liquor liability is available
  • Non-owned auto liability is available
  • Property Coverage on docks that include wind and collapse due to weight of ice and snow
  • Property Coverage can be written on Special Form
  • Property Valuation can be Actual Cash Value or Replacement Cost
  • Minimum annual premiums for $1 Million to $2 Million limits start at $2,500
  • Umbrellas 

For more information regarding our Marina Program, please contact Jerry Lovin.

 


Personal Lines Giveaway - Update

We recently ran a promotion during the months of August and September for a 40” LCD TV Giveaway.
While we announced the winner last month we have been anxiously awaiting her response to the great news she received

SafetyTek

“For the past 6 ½years that I have worked at Probity Insurance, I contact Stuckey & Company for my personal and commercial needs.

Stuckey & Company has demonstrated excellent customer service and turnaround times when quoting our clients. I have especially worked closely with Shelli Windle. I really don’t know what I would do without her. When I come across a certain issue or need immediate assistance, she is right there to assist me. She is the best of the best!!

I was extremely surprised when I found out that I was the winner of the 40” TV. I rarely win any contest, so when I was announced the winner, I was literally shocked (and excited). That was just the icing on the cake.

Thank You Stuckey & Company for being such a valuable asset to our Agency and helping us grow as a company and making our clients happy! Keep it going!”

- Cindy Dias


 
Inside This Issue
 

Worker's Compensation
div
Personal Lines - Teen Driving
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Contest Winner

 
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RHYME & REASON

HarborGuard

Michael rowed the boat ashore,
his spirit filled with light;
John Paul Jones nearly lost his ship
before he’d begun to fight.

The Ancient Mariner got stuck at sea
for killing an albatross;
Charon used the underworld’s ferry
the mighty Styx to cross.

Captain Queeg of the U.S.S. Caine
succumbed to mutiny;
the jolly Pirates of Penzance
sang on the seven seas.

Whatever boat you fill with your dreams,
and whether it’s sunny or hailing,
Stuckey & Co.’s got Harbor Guard
to make for smoother sailing.

 

 


Kudos
  “You are the best! I really don't know what I would do without Stuckey & Company. You guys are amazing to work with."  


NeedHelp
ContactTwitterLinkedInLinkedIn
 

800.828.3452

info@stuckey.com
 
 
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Topics: competitive insurance, Stuckey & Company, Blog, stuckey and company, it insurance, Miscellaneous Professional Liability, Management Liability, corporate insurance, TECHNOLOGY

First Dollar Defense - What your clients should know

By: jennifer strathmann | Posten on: Oct 24, 2011 3:07:00 PM

First Dollar Defense

Do your clients fully understand the need for First Dollar Defense?

Below we have outlined the importance of First Dollar Defense to aid you in educating your clients about FDD, also commonly referred to as Dollar One Defense (DOD), is considered an asset to any insured with an Errors and Omissions Professional Liability Policy. First Dollar Defense is an additional coverage added to an E&O policy typically for an additional cost. 

Here’s how FDD works: 
We all know what a deductible is; it’s the amount the insured must pay before the insurance carrier will pay any expenses. Expenses for an insurance carrier are defined as defense and indemnity costs incurred in the event of a claim. Without FDD coverage added to a policy the insured would have to pay their deductible regardless of the expense to the carrier (indemnity and/or defense costs). With FDD added to an insured’s policy, the insured would only be required to pay their deductible in the even the carrier commits to an indemnity payout. 

For example, insured submits a claim to their insurance carrier expecting to pay most, if not all, of their $25K deductible.  The suit is complex and lengthy resulting in $250K of defense costs for the carrier before the court dismisses the case ruling the insured was not at fault.  The insured has FDD added to their policy along with the $25K deductible. How much of the deductible should the insured pay? NOTHING! With FDD coverage the insured will not have to remit payment of their deductible in this case because there was no indemnity/damage payment made by the insurance carrier.  The only costs incurred by the insurance carrier were the costs to defend the insured against allegations.       

While carriers do charge more for FDD – It may be worth your while to condsider the difference in price. Keep in mind the fact that even frivolous claims need to be defended.

To find out more about FDD and if your policy offers coverage, please contact Stuckey & Co.

Stuckey & Company
28 Hawk Ridge Circle, Suite 200
Lake St. Louis, MO 63367
P: 800-873-0228

 

Topics: competitive insurance, speciality insurance, Stuckey & Company, stuckey and company, corporate insurance

Private Company Employment Practices Liability Loss Scenarios

By: jennifer strathmann | Posten on: Oct 21, 2011 11:44:00 AM

Management Liability, Stuckey & Co.

Management Liability - Employers Liability Insurance

Cases against employers are on the rise. It is estimated that three out of five firms will be sued by an employee. Companies are finding that they are vulnerable from the pre-hiring process through the exit interview, even if the employee was never hired, or only at the company a matter of days.

It can happen to ANY firm. We have all experienced it. It could be a joke told in the break room, an employee you had to fire, a “friendly” programmer, or that person you chose not to hire. Every employer faces the reality that it will be the target of legal action from past, present and prospective employees. Even if the claim is groundless or fraudulent, the defense of a suit can be expensive in time, resources and financially.

Office love . . . can lead to corporate heartbreak

A female employee, who had been with XYZ Corporation for two years, exhibited a sudden drop-off in her work performance. Her supervisor set up a meeting with her to discuss her performance, but she failed to show up. She did show up for a rescheduled meeting, but she had alcohol on her breath. She complained during the meeting that she faced continuous sexual harassment from a senior manager and that his unwanted advances had created a hostile work environment. Her supervisor suggested that she take another position in the company at a different location, which the woman agreed to do. However, she failed to show up for work at the new location and skipped several more meetings with her supervisor.

The company terminated the employee, and she filed a lawsuit, alleging sexual harassment and wrongful termination and seeking $1 million in damages. In her suit, she alleged that a senior manager had been sexually obsessed with her for nearly two years, had maintained an uncomfortable closeness with her in the workplace, and had continually harassed her with questions about her personal life.

In subsequent interviews with managers and employees, it was discovered that the female employee and the senior manager were engaged in a consensual romantic relationship over the two-year period. Furthermore, witnesses said that the employee was also engaged in another love affair at the time, but she and the second lover had broken up at about the time her performance dropped off.

RESOLUTION

The company determined that it would rather settle than go to court. After paying more than $120,000 in defense costs, the company settled with the former employee for approximately $250,000.

Additional scenarios are available.

For more information, please contact Chris Boylan at chris@stuckey.com or  800-873-0228 x 35

Topics: competitive insurance, speciality insurance, Stuckey & Company, stuckey and company, EPL, Miscellaneous Professional Liability, Employment Practices, Management Liability, office insurance, corporate insurance, employers liability insurance

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