The industry focus for today’s brokers- June 8, 2018

Hurricane Season 2018 is here!

The Risk Management Division at ISA has developed resources to help your clients prepare, endure, and take appropriate actions following a storm. Prior to a storm ever making landfall, it is essential for Human and Social Service organizations to establish an effective safety plan focused around keeping those that they serve safe and prepared with essential daily needs. Once a storm passes through, a second wave of responsibilities starts to get your clients back to normal. We have included three of our risk management and loss control resources as part of this newsletter.

Download these resources to share with your clients
Hurricane Disaster Preparedness & Recovery; Elements of an effective plan
Be Prepared for the Hurricane resource
Hurricane Quick Tips resource
After The Storm resource

Coverage Corner

Understanding Business Income Coverage
It is important to understand the coverage provided in your Business Income coverage before suffering a loss. Business Income losses often require more time to settle, as compared to other property losses, due to the confusion surrounding coverage availability. Coverage available to insureds through the Irwin Siegel Agency Human Service program are addressed below…

Business Income & Extra Expense
When the organization suffers direct physical loss or damage to the described premises that are the result of a covered cause of loss, there is coverage for Business Income and Extra Expense that results from the loss.
The Business Income and Extra Expense limit are determined by the insured when the policy is quoted. Coverage is provided until the insured premises repairs are completed or until the business income limit is exhausted.

ISA also offers Extended Business Income Coverage which begins on the date the property is repaired, rebuilt, or replaced and operations are resumed. Coverage ends on the date operations can be restored generating the amount of business income that existed prior to the business income loss, or 360 days after the property is repaired, rebuilt, or replaced and operations resume, whichever date occurs first. Coverage extends the period of recovery only, it does not increase the limit of insurance for business income.

Below are the Business Income Resources
Understanding Business Income Coverage
Business Income Insurance Checklist
Business Continuation Expense- Insurance Worksheet

Recent Wins

For brokers just like you!
Child Care in Louisiana… $37,500
Homeowner Solutions in NY… $16,000
Developmental Disability Day Program in PA… $45,000
Mental Health Care Facility in FL… $125,000
D&O Non-profit in IL… $1,200

Write On!

Siegel Difference

Hurricane Protection Unit
AIG Private Client Group provides a complimentary risk management service to policy holders for hands-on help when it’s most needed. AIG loss control specialists conduct pre-storm on-site evaluations as well as assist in the event of a claim.
Click here to view the Hurricane Protection Unit Brochures.
AIG Hurricane Protection Unit brochure
AIG Hurricane Preparedness Checklist brochure

Upcoming Events

PIA NJ & NY Annual Conference
Meet Ken, June 10-12 at Harrah’s Resort & Casino, Atlantic City NJ for the 2018 PIA Annual Conference.
Registration & Agenda information

Washington Joint Conference & Trade Show
Meet Ken, Sept 19-21 at Hyatt Regency, Lake Washington, Renton WA for the Conference.
Registration & Agenda information

Call us at 800.622.8272 or email us online at for information on additional programs available from irwin siegel agency.
Experience. The Siegel Difference.™

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