Fitness and Wellness Insurance with Philadelphia Insurance Companies

Specifically designed to meet the needs of the Health, Fitness & Wellness Facilities, Philadelphia Insurance Companies coverage taps into a unique and growing market. With the driver for healthy habits speeding up at high rates, the demand for the specific coverage has grown. Fitness and Wellness coverage is designed to meet the needs of many categories such as: Health Club Facilities, membership based Fitness and Sport Facilities, training and instruction based Martial Arts Studios Yoga Studios YMCA’s  Keep in mind for Fitness & Wellness, there are quite a few products that the insured can access directly and can obtain quotes and bind coverage themselves with Philadelphia. More specifically for individual fitness instructors or studios, the carrier does not pay commission or use brokers for those policies since the insured can access the portal directly and obtain quotes from the website for $175 in premium. However, for other Fitness & Wellness policies they do accept submission and follow a normal quoting process. Key Benefits General and Professional Liability Comprehensive General Liability and Professional Liability Personal Injury Liability Special Events Insurance for outside the club/facility Coverage extended to contracted professionals Zero Deductible [...]

2019-04-15T16:04:07-05:00Property & Casualty|
Read More

Special Event Insurance

Events are expensive. Life is unpredictable. With all of the time, effort, planning and funding that goes into special events, aren't they worth protecting? As wedding season and summer event time approaches, be sure to ask your clients if this is a coverage that they need. Special Event Insurance can help to cover all sorts of events. We have a wide range of acceptable classes of business including: Social Events Weddings, banquets, reunions, retreats, dances, baptisms, bar mitzvahs, ect. Sporting Events and Competitions Races, Dance Teams, Golf Tournaments, ect. Musical Events and Entertainment Awards Shows, Carnivals, Dance Competitions, Comedy Shows, Circus, ect. Trade Shows/ Business Events Auctions, Antique Shows, Business Conferences, Speaking Engagements, Toy Drives, ect. Educational Events Conferences, Educational Seminars, Lectures, ect. Fairs & Festivals Fireworks Shows, Festivals, Ect. Key Features: General Liability • Comprehensive General Liability - limits available such as $1M per occurrence/$3M aggregate • Premises Liability • Personal Injury Liability • Abuse & Molestation coverage available • Liquor Liability coverage available Umbrella/Excess Liability • Large Excess Limits available Automobile • Owned/Non-Owned/Hired Auto Event Cancellation • Available for certain Social/Life Events. Must be written with [...]

2019-03-05T16:30:48-06:00Property & Casualty|
Read More

New car? Don’t forget Gap Insurance!

What is Gap Insurance? G- Guaranteed A-Asset P- Protection Guaranteed Asset Protection (GAP) Insurance is an optional, add-on car insurance coverage that can help certain drivers cover the “gap” between the amount they owe on their car and the car's actual cash value in the event of an accident. Why is this an important coverage? Here's an example: Your client Jim has just purchased or leased a new vehicle and has contacted you to make sure he has the insurance coverage he needs in case of an accident. You help the insured add the new car to his current auto insurance policy. Will that policy provide him  with enough coverage in the event of a total loss? Unfortunately, Jim totals his brand new car after a few months of owning it.  He needs to find a replacement.  Will the auto insurance payment from his carrier cover the cost of the outstanding loan? Well, if he has a standard policy, he likely will not be covered for the difference in the value of the vehicle and the outstanding loan. According to Edmunds.com, during the first nine months of 2016, 32 percent of all cars traded [...]

2019-01-22T18:21:47-06:00Property & Casualty|
Read More

General Liability vs. Professional Liability

General Liability Insurance and Professional Liability Insurance are both important components of Small Business Insurance. But which policy addresses the risks your clients face? Here's how you can tell the difference. General Liability covers a Physical Incident It protects your client's business against a few general lawsuits that any business could face. Essentially, it kicks in when a third party (anyone who doesn't work for the business) sues for: Bodily or personal injury on company property Damage your client's company caused to their property Advertising injuries Slander and Libel- spoken or written defamatory statements Misappropriation- unauthorized use of information Copyright infringement Examples: Third Party Bodily Injury If a person is injured on business property, they may make a bodily injury claim against the business. For example, a package delivery man trips on loose carpeting in your client's accounting office, falls and breaks his wrist. General Liability Insurance can help cover the costs of the bodily injury claim he makes against your client's business for this accident. Third Party Property Damage If your client or someone on their payroll damages a third party’s property, they may face a property [...]

2019-01-08T15:49:40-06:00Property & Casualty|
Read More

Philadelphia Insurance – Coverage for Temporary Staffing Agencies

Don't forget to protect Temporary Staffing Agencies! An often overlooked entity, temporary staffing agencies need protection too. Philadelphia Insurance Companies offer coverage solutions specifically tailored to these agencies: Clerical Computer/IT Hospitality Janitorial Light Industrial Unskilled Manufacturing Warehouse Courier Service Heavy Equipment Operator Home Health Care Nanny Service 100% Construction Staffing (incidental exposure acceptable) 100% Medical Staffing (incidental exposure acceptable) Coverage is available for: General Liability Umbrella/Excess Liability Automobile Employment Practices Liability Crime Errors & Omissions Risk Management Services Risk Management Hotline PHLY has partnered with Wilson, Elser, Moskowitz, Edelman & Dicker LLP (WEMED), a nationally-recognized law firm, to offer a Risk Management Hotline that is available to all PHLY Management and Professional Liability Division insureds Provides policyholders with two free hours of legal consultation with knowledgeable attorneys on any matter that could potentially result in a claim under a PHLY policy Employment Liability Risk Management Services PHLY has partnered with in2vate to offer web-enabled Employment Practices Liability (EPLI) risk management services Provides training and management tools Courses provided: Abuse Prevention, Sexual Harassment, Discrimination, Smart Hiring, and more. Safety Training-PureSafety Online Training and Incident Management [...]

2018-12-18T16:36:32-06:00Property & Casualty|
Read More

Workers Compensation

Help business owners protect their most valuable asset- their people. As you are visiting small business owners for open enrollment, it is a great opportunity to make sure they are fully covered in all aspects of their business. Consider asking how their workers compensation plan is working for them. Offering solutions in workers compensation and reminding them that you can come up with custom solutions for their coverage will help ensure they are protected. Running a business can come with many important decisions to make. Help make getting workers compensation insurance an easy one. Workers Compensation works on two levels: To protect employees... Medical expense benefits Lost wages benefits Over 2,000 workers compensation claim professionals to simplify the claims process 500+ in-house nurses and medical professionals to ensure a timely return and smooth transition back to work when medically appropriate To protect business… May limit a business owner's liability if sued by an injured employee Safety resources and expertise available to reduce workplace accidents Investigative team for claims Sales Approach: Why should you write worker's compensation for your small business clients?  All business owners know that they need workers compensation when [...]

2018-10-30T14:21:52-05:00Property & Casualty|
Read More

Travelers: Tips for Cross Selling

One Household. More Policies. Lots of Wins. When you sell more policies per household, everyone can benefit. You may see an increase in customer loyalty, agency efficiency and revenue. And, it will be easier for your customers with one bill to pay, one contact point for all their claims and one website to manage their Travelers policies. Why cross sell? Increase Customer Loyalty Increase Agency Efficiency 87% of new business cancellations are monoline. More policies per household saves time that would have been spent to capture lost policies. Increase Revenue and Profitability Profits can increase more than 25% by increasing customer retention by as little as 5% according to research done by Frederick Reichheld of Bain & Company (the inventor of the net promoter score). Take a Look At Umbrella Policies A Travelers PLUS® umbrella policy can provide extra protection starting at $1,000,000 of additional personal liability coverage.  Umbrella coverage can include court costs and attorney fees, and it may protect you against various liability hazards not typically covered under home and auto policies. It may also extend protection for other personal liability losses, including: libel slander defamation [...]

2018-10-18T19:47:50-05:00Marketing & Sales Ideas, Property & Casualty|
Read More

Philadelphia Insurance Companies Introduce Cyber Security Liability

Cyber Security Liability for Businesses An insurance that helps you protect what you connect. The average cost of a data breach is $204 per lost record, with more than half of such costs due to lost customers and the associated public relations expenses to rebuild an organization’s reputation. Don't let your clients be unprotected! • Healthcare • Hospitality • Insurance Agency • Manufacturer • Non-Profit Organization • Private School • Professional Service • Religious Organization • Retail • Many more! • Adult Content • College/University • Data Warehousing/Data Broker • Casino/Gambling • Lottery • Mortgage Lender • Municipality • Public School District Key Features • Limits available up to $20M for select risks • Both First and Third Party coverages available • Complimentary access to eRisk Hub™ cyber risk management portal • Excess Cyber is available for clients requiring high limits • Availability of complementary coverages to provide broader risk management solutions including Directors & Officers, Employment Practices, Fiduciary, and Crime • Quick turnaround times for proposals and policy issuance *disclaimer: coverage can change without notice Loss of Digital Assets [...]

2018-09-05T17:08:48-05:00Marketing & Sales Ideas, Property & Casualty|
Read More

Philadelphia Insurance Companies Specializes in the Religious Organizations Industry

As you are driving around, notice how many churches are in your community and marketing area.   Here is another potential client who needs to have correct coverage with a great carrier which you can access with Philadelphia Ins. Companies and MIBS. 10 Reasons Why to Consider Philadelphia Insurance Companies: Property, Equipment Breakdown, Inland Marine, Crime, General Liability, Professional Liability, Abuse and Molestation, and Automobile coverage bundled into one convenient policy Fine Arts coverage available for religious artifacts Broad definition of building coverage extends to stained glass, pipe organs and foundations Large excess limits available Professional Liability with separate limits of liability including coverage for pastoral counseling, teachers, cemetery professional staff and volunteers $50,000 Donation Assurance coverage included Medical payments for volunteers included Church members as additional insureds included Automobile coverage available for church vans and buses Installment plans available for accounts that generate at least $2,000 in premium Don’t forget about Cyber or Privacy Coverage for your religious organization.    If your client does any of the actions listed below, they need to consider it: Accepts online donations Maintains a social networking page Obtains credit card numbers, driver’s [...]

2018-10-30T14:19:00-05:00Marketing & Sales Ideas, Patty's Perspective, Property & Casualty|
Read More

News from the Travelers Webinar held March 20, 2018

If you missed the last Travelers Webinar, here are some points that were discussed. Personal Lines How to Handle Customer’s concerns regarding increasing premiums. Even though automobile premiums may be increasing, Travelers remains committed to mitigating the impact of industry trends with enhanced pricing, lower expenses and improved processes. Tips for discussing these trends with your customers: Let your clients know the current trends with auto premiums and why. People are buying more cars Distracted driving is increasing; drivers are texting and surfing the web Injury costs are rising Repair costs are rising Review your client's coverage to make sure all available discounts are taken. Remind them of Travelers' auto loyalty benefits such as incident leniency, youthful driver leniency and longevity credits which could be lost if they leave Travelers. MyTravelers Website for Insureds Travelers allows your insured’s access to their account through MyTravelers.  https://www.travelers.com/Login/#/ Report an auto, home or boat claim Pay your bill View your billing activity, payment details and policy information Locate a repair shop Enroll in one of our automatic payment plans Check the status of an existing claim View and [...]

2018-10-30T14:16:43-05:00Marketing & Sales Ideas, Patty's Perspective, Property & Casualty|
Read More
Load More Posts

Get MIBS Emails

Contact Us

Get a Quote

Get Contracted

Events