Commercial Insurance
Property
The concept of “Insured
to Value” (ITV) as it
relates to most commercial
properties, such as
apartment buildings, can be
a misunderstood piece of the
insurance puzzle. Factors,
such as the cost of building
materials and labor change
constantly, which directly
affects ITV. There are
programs, such as Marshall &
Swift or Castle, that can be
used to calculate ITV. These
programs have built-in
adjustment factors for
current building industry
standards. However, among
these programs there can
still be a good amount of
discrepancy from one to
another. Throw into the
equation that most
commercial property
insurance policies have
what’s called a
“coinsurance” clause, which
obligates the insured to
insure to a certain value or
suffer a penalty at the time
of a loss.
Read more...
Wineries
Wineries today, like most
other businesses, are more
dependant then ever on
highly complex and fragile
equipment and systems to
maintain operations. Because
of the dependence on this
technology a breakdown at
any part of the operation
can cause down time and
delays and perhaps damage
the wine making process and
possibly loss of revenue.
Read more...
Group Benefits
Health Savings Accounts
are tax-advantage medical
savings accounts. The funds
contributed to the account
are exempt from income tax
at the time of deposit.
These funds are allowed to
be used to pay any medical
related expenses such as
co-payments, prescriptions,
etc. As long as the funds
are used for medically
related expenses they are
not taxed. HSA’s are owned
by the individual which is
different from an HRA
(Health Reimbursement
Arrangement), owned by the
company.
Read more...
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