Monday, December 29, 2014

Review Your Insurance for the New Year

With the start of 2015 comes New Year's resolutions. Maybe you want to eat healthier, exercise more or save more money this year. One thing you may not be thinking about is your Lake of the Ozarks insurance coverage. It is important to take a look at your personal insurance policy at least once a year to make sure that you're covered for anything that may come up throughout the year. Here are some things to think about in regards to your insurance.

Homeowner's Insurance


Do you have adequate coverage on your home and personal property? Reflect on the past year and determine if you've made any major home purchases or anything else that might create a hole in your coverage. Some common issues found when looking over a homeowner's current policy include: rebuild costs are underestimated, co-insurance is inadequate, personal property is undervalued and personal effects are not inventoried and/or not covered.

Did you receive any expensive jewelry for Christmas this year? Jewelry, paintings, furs and other collectibles may not be covered adequately on your basic homeowner's insurance policy. At Insure the Lake, we will review your current policy and give you a household inventory to make sure you don't underestimate your possessions.

Car Insurance 


How much are you paying for your car insurance at the Lake of the Ozarks? Do you have full coverage or just liability insurance? At Insure the Lake, we'll take a look at your existing policy and help determine if you have the right coverage at the right cost! There's a possibility you could get a discount for being a good driver, being a good student or driving a safe car. Other advantage you could be missing out on might be free windshield repair, 24-hour claims hotline, guarantee on repairs or flexible payment options.

Health Insurance


The health care reform has had a massive impact on the health care system in the United States. If you haven't taken a look at your Lake of the Ozarks health insurance coverage since the changes took effect, now is the time to do so. Open enrollment for 2015 has already started and will run through February 15, 2015. For information on the Affordable Care Act, check out our Health Insurance Enrollment FAQs blog. Insure the Lake can help you manage and analyze your existing medical benefits and future needs. We will perform a comparative analysis of your existing coverage to see if any adjustments can be made to better fit your individual or family coverage needs.

Life Insurance


Life insurance is an important part of everyone's overall protection plan. The first rule of life insurance is that it's not for you, it's for your loved ones. Should something untimely and unexpected happen to you, your family won't have the financial burden on top of everything else going on. Your Lake of the Ozarks insurance company can help you figure out how much coverage your family needs in order to maintain your current lifestyle. Then we'll search out the best coverage and pricing options to keep your family safeguarded.

Life happens and Insure the Lake is here to make sure you live protected! We specialize in all types of insurance policies from personal coverage to business insurance. If you own your own business, now is a great time to take a look at your Lake of the Ozarks business insurance coverage as well. Contact us at 573-348-2794 to schedule your appointment to take a look at your coverage as we head into the new year!



Steve Naught, CIC

NAUGHT-NAUGHT AGENCY
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191


stnaught@naught-naught.com

Tuesday, December 23, 2014

Cutting Insurance Costs

In our current economy, many individuals and businesses are looking for ways to trim expenses. Numerous businesses wonder how they can reduce their monthly insurance premiums at the Lake of the Ozarks. There is no easy answer to this question as each insured has a uniquely complex situation. If you are considering canceling your policies or eliminating coverages, it could be the worst decision you could make. There may be other options available to you.

Ways to Lower Your Premiums


If your business receipts or payrolls are down you may be able to request that the company endorse a lower estimation of these to the policies mid-year; however you can’t just lower the payroll estimate to get a lower premium. You will need to justify the changes and you will still be audited at the end of the policy period.

Other ways of lowering premium are to take on more risk yourself verses transferring it to the insurance company. One form of this would be increasing your deductibles. You could also review your insurance schedule and decide to self-insure some of your property and delete it from the policy. Keep in mind your bank will take issue with this if you have a loan on the property. We also see many insureds with vehicle schedules that contain full coverage on autos that are over ten years old. In some cases this makes sense, but in many it does not.

Lowering your coverage is risky, so try not to do it other than as a last resort. Business owners will likely continue to see a rise in slip-and-falls, theft, employee dishonesty, and fraudulent claims. Now is the time a claim will hurt you the most and could even cause the business to struggle due to a costly uninsured claim. Don’t put your family and business at risk by dropping your much needed insurance coverage at the Lake of the Ozarks.  It could be the worst thing you could do if you were to have a loss. Talk to your agent to discuss options that best suit your situation.

Steven Naught is a Certified Insurance Counselor with the Naught-Naught Agency. He can be reached at his friendly office at 573-348-2794. For all your Lake of the Ozarks insurance needs, contact Insure the LakeYou can have peace of mind. Contact us for a FREE quote request today!




Steve Naught, CIC

NAUGHT-NAUGHT AGENCY
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191


stnaught@naught-naught.com

Monday, December 15, 2014

Slip and Fall Prevention

Of the many causes of injury in the work place, slips and falls are one of the most preventable. As an employer or an employee, it is important that you take precautions for preventing slips and falls from occuring. In addition to the employer holding worker's compensation insurance at the Lake of the Ozarks, both the employer and employees can work together to make the workplace a safer environment. Here are some slip and fall prevention tips for you to consider:

Spills 


The best way to prevent injuries from falls at work is with teamwork. Design your slip-prevention plan to include the following components:

  • Spill clean up 
  • Proper floor maintenance procedures
  • Suitable shoes for employees
  • Floor inspections
  • Appropriate use of mats and rugs
  • Implement accident response actions

Make sure that each person of the team knows how to clean up spills properly. Follow these basic steps:
  1. First, use regular paper towels to wipe up the spill. 
  2. If you're cleaning tile, rub an abrasive cleanser into the tile.
  3. Follow with hot water and a mop.

Mats & Rugs


Mats help keep grease or water from getting on the floor, and rugs are used in entryways to collect moisture and dirt from shoes. Honeycomb mats are great for dishwashing areas, around ice machines or on cooking lines. Rugs are perfect for breezeways, inside the front door or any public area which accumulates moisture, dirt or grease. It is important to keep all mats and rugs clean. Rugs should be changed out frequently, especially during snowy or rainy weather. Most mats can be cleaned with hot water and degreasing cleanser.

Shoes


Stay safe at work by wearing anti-slip shoes. Did you know the most athletic type tennis shoes do not have the anti-slip tread needed when working around water and grease? Expensive basketball or other sports shoes do not work well at work. Instead, wear shoes with slip-resistant soles when working in areas where there is a possibility of grease or water on the floor. They come in many types, styles and sizes, and the cost is signigicantly less than the name-brand tennis shoes. Ask your supervisor where you can get the right shoes for the job! 

For all your Lake of the Ozarks business insurance needs, contact Insure the LakeYou can have peace of mind.  Contact us for a FREE quote request today!




Steve Naught, CIC

NAUGHT-NAUGHT AGENCY
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191
stnaught@naught-naught.com

Wednesday, December 10, 2014

What You Need to Know About Renters Insurance

Disaster can strike anywhere, unexpectedly and regardless of whether you own your home or rent, you still need to protect your personal property. Many renters do not realize that their landlord's insurance policy at the Lake of the Ozarks will not cover the belongings of their renters. The landlord's commercial rental dwelling insurance likely only covers the building structure and owner's liability, not the property and liability of the renter.

Why Renters Insurance? 


If you live in an apartment or a rented house, renters insurance at the Lake of the Ozarks provides important coverage for you and all your possessions. Your landlord's insurance will only cover the costs of repairing the building if there is a fire or other disaster. You need your own coverage in order to financially protect yourself and your belongings. In many cases of theft or damage, a standard renters insurance policy protects your personal property. It may even pay for temporary living expenses if your rental is damaged (including loss of use). Renters insurance can also shield you from personal liability. Anyone who leases a house or apartment should consider purchasing renters insurance coverage.

Coverage for Personal Possessions


You'll want to make sure you have enough insurance to replace all of your personal possessions in the event of a burglary, fire or other covered disaster.  Creating a home inventory is the easiest way to determine the value of all your personal possessions, including furniture, clothing, electronics, appliances, kitchen utensils and even linens. A home inventory is a detailed list of all your personal possessions, along with their estimated value. Keeping your home inventory up-to-date will make filing an insurance claim faster and easier.  If you have expensive jewelry, furs, sports or musical equipment, or collectibles, you should consider adding a floater to your policy. Most standard renters insurance policies offer only a limited amount for these valuable items, so you'll need additional insurance.

Liability Protection


In addition to protecting your personal possesions, renters insurance also provides liability protection that covers you against lawsuits for bodily injury or property damage done by you, your family memebers or even your pets.  This will cover not only the court costs, but also the court awards up to the limit of your policy.  You also have no-fault medical coverage with a standard renters insurance policy.  This coverage is only for injuries sustained by others while on your property and is not a subsitute for your own healthcare coverage.  If you need a large amount of liability protection, you can purchase additional coverage with a personal umbrella liability policy.

Personal Property Protection


A renters insurance policy provides named perils coverage, which means that your property is protected from all the perils that are specifically listed on your policy.  These perils typically include the following:
  • Fire or Lightning
  • Windstorm or Hail 
  • Explosions
  • Riots
  • Aircraft
  • Vehicles
  • Smoke 
  • Falling Objects
  • Theft
  • Vandalismor Malicious Mischief
  • Weight of Ice, Snow or Sleet
  • Accidental Discharge or Overflow of Water or Steam
  • Sudden and Accidental Damage from Artificially Generated Electrical Current
  • Volcanic Eruptions (but this does not include Earthquake or Tremors) 
Renters insurance coverage appies to your personal property no matter where you are.  Whether you're on vacation or at home, you're covered. 

Renters insurance from Insure the Lake is your solution. Our renters insurance at the Lake of the Ozarks cover the "contents" of an apartment, duplex, house or any other dwelling you call home. We'll help you inventory your belongings and set up a policy for the appropriate amount.  If disaster does strike, you want to know that you are properly insured!

Delivering all of your Lake of the Ozarks Insurance needs - Insure the Lake!





Steve Naught, CIC

NAUGHT-NAUGHT AGENCY
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191


stnaught@naught-naught.com

Thursday, December 4, 2014

Business Loss Control and Prevention

Whether your business is large or small, Insure the Lake will help you identify the unique hazards of your business and ways to properly insure against loss or liability. I understand the special insurance protection businesses need to prosper.  At this time of year, it is important to keep a watchful eye on seasonal hazards as part of your safety and loss prevention programs. Your Lake of the Ozarks insurance agent is here to help with these preventative maintenance tips!

Exterior Maintenance


Exterior building maintenance is important during all seasons, but colder weather can bring new challenges.  Accumulation of dried leaves can create a fire hazard with patrons tossing cigarette butts at entrances and exits.  Wet leaves can become very slick and create a slip/fall hazard. Keeping the premises free of leaf debris is important for these two specific reasons.

Late Fall is also a good time to check exterior lighting, especially with darkness arriving much earlier.  Property owners should inspect downspouts to determine runoff flow and avoid ice accumulation in public traffic areas.  You should also review snow removal and salting procedures in parking lots and on sidewalks.

Interior Maintenance


Attention to interior preventative maintenance is always important too.  Replacing furnace filters and checking batteries in smoke and CO detectors, exit signs, and emergency lighting are simple yet important procedures.  During inclement weather, consider placing moisture-absorbent mats in entrance areas.  Make sure the mats have beveled edges, lie flat on the floor and are made of backing that will not slide, otherwise the mat could become a tripping hazard itself.

Holiday Decorations


With the holidays come decorations.  It is important that decorations do not interfere with safety equipment in the building.  Decorations should never cover exit and emergency lighting, smoke detectors or sprinkler heads.  Christmas trees and holiday candles can become a major fire hazard. Never leave a lit candle unattended and be sure to turn off and unplug all Christmas lights before leaving work for the night.

Extra care should also be employed with the use of extension cords. Cords should always be in good working order and not overloaded.  The use of extension cords in public traffic areas can create trip hazards and should always be avoided. Also be sure to unplug them when not in use because the cords can still draw power.  To reduce chances of overheating and fire, cords should never be bundled together or placed under rugs.  

By establishing and implementing these simple, low-cost preventative maintenance procedures, your business can potentially reduce its overall hazards and enjoy the fall, winter and holiday seasons! The most important way to protect your business though, is to have an open line of communication with your insurance agent at the Lake of the Ozarks.  Be sure to discuss all your risks to ensure you have the proper coverage for your business!

Delivering all of your Lake of the Ozarks Insurance needs - Insure the Lake!





Steve Naught, CIC

NAUGHT-NAUGHT AGENCY
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191
stnaught@naught-naught.com