May 2012 Stuckey Agent Alert

HarborGuard Expands Coverage Areas!

HarborGuard, Stuckey & Company's marina and boatyard insurance product, is expanding the areas of available to coverage.

HarborGuard has new, lower property rates everywhere and can now write property in first tier coastal counties, excluding wind, (including in Florida).  In addition, a HarborGuard policy can include wind coverage if the risk is located more than 50 miles from the gulf/coast (except in Florida).

To learn more, please contact Jerry Lovin at jerry@stuckey.com.

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

SafetyTek Incentive Program Winner

Congratulations to Prem Sunder, the winner of Stuckey & Company's SafetyTek Incentive Program!

Mr. Sunder will receive a new iPad as a "thank you" from Stuckey & Company for all his hard work.

DON'T FORGET: The MPL Incentive Program is running in May and June so get your binds in NOW.

Texting and Driving: Commercial Exposure

This week, jury selection began at a trial in Massachusetts for the first motor vehicle homicide as the result of texting.  These types of cases are becoming increasingly common so it is important for businesses to consider the exposures associated with any vehicle operation.  If a company has employees that drive company vehicles as part of their job, that business is at risk.

Carriers like The Hartford are taking these new exposures into consideration in their business auto policies.  A business auto policy should help to protect a business from financial loss when an employee is responsible for an injury or property damage resulting from an accident, which could be the result of texting.

Learn more about The Hartford's Business Auto here.

Contact Kyle Dallavis at kyle@stuckey.com for information about Stuckey's Commercial insurance offerings.

Travel Agent Errors & Omissions Insurance

With more and more people opting to function as home-based businesses, often times E&O insurance is thought of as more of a luxury, but actually it is a necessity.  With travel agents, it can be a bit tricky because there are only a handful of insurance carriers that write E&O for travel agents – but that doesn’t mean the costs are outrageous or coverage is lacking!

Travel agents represent a unique class of business because it is possible that a home-working agent may have coverage under a host agency’s policy BUT if the home agent is incorporated, they can NOT be covered under any host policy – and of course would need their own policy.

There are many kinds of claims against travel agents – failure to notify of VISA needs, misinformation given with regard to arrival or departure dates after ticketing, incorrect hotel reservation dates, misinformation pertaining to port stops on cruises, clients being mugged in a foreign location deemed as ‘safe’, etc.  When bad things happen, customers file lawsuits and, without proper coverage, the defense costs or damages from those suits could destroy an agent.

Luckily, Stuckey & Company is able to place travel agents E&O with reputable, financially stable carriers.  Coverage is available in the lower 48 states & D.C. and is on an ‘admitted’ basis in most areas.  The forms are a ‘duty to defend,’ which means the insured can sleep sound at night knowing their defense costs are covered.

COVERAGE HIGHLIGHTS:

• Fast turnaround (usually the same day)

• Specimen policy forms included with each quote

• Broad definition of ‘insured’ and ‘claim’

• “Duty-to-defend” policy language

• Scalable limits from $100,000 - $5,000,000 for qualified risks

• Worldwide territory coverage included (with enhancements available)

• Personal Injury coverage included

• “Admitted” products in most areas mean no taxes or fees to the insured

• Reimbursement for loss of earnings

• Extended reporting options

• “Technology” extensions

For more information regarding Technology E&O insurance, please contact Chris Boylan at chris@stuckey.com.