GivingTuesday is a global generosity movement unleashing the power of people and organizations to transform their communities and the world on December 3, 2019 and every day.
One of the best ways to give is to get involved is in your own community. We have supplied a link to a directory to help you find organizations, events, and ways to give back in your own community.
Thank you for giving!
The terms Agent and Broker are sometimes used in the same context, but in reality, they are quite different. Both do act as a liaison between the insured and the insurance company, but the main difference is who they represent.
An insurance agent works for the insurance company. They can represent one or more insurance companies and acts as an extension of those companies. They are authorized to bind or initiate coverage on behalf of the insured.
There are two types agents: Captive and Independent. A Captive agent sells insurance for one specific insurance company. An Independent agent sells insurance for multiple insurance companies. In essence, they do the ‘shopping’ for you.
An insurance broker works for their clients. They are an advocate and work in the best interest of their client, not the insurance company.
There are typically two types of brokers: Generalists and Specialists. Generalists do not restrict themselves to certain industries or lines of business and sometimes consider themselves as a “one stop shop”. They can insure gas stations, restaurants and even nonprofits. With their book of business being so broad, it may be difficult for them to have the necessary knowledge and expertise into a particular industry or business, especially ones that are complex or have high risk factors.
A specialty broker does just that; they specialize or have a niche in a particular line of business or industry. They have access to a variety of markets, comparing multiple programs side by side. They generally have stronger relationships with underwriters and have a unique ability to negotiate for better terms and premiums. They will also have a better understanding of the exposures and various risks associated with a particular industry or business and can better recommend the specialized insurance solutions needed.
May is National Foster Care Month!
Hawley & Associates is honored to partner with our foster care clients’ commitment of making the world a better place for our countries foster children.
These inspiring real-life stories from families and professionals made our day! Help us raise awareness by sharing these empowering experiences.
“Everything is funny, as long as it’s happening to someone else.”– Will Rogers
April Fools’ Day (sometimes called All Fool’s Day) is one of the most widely recognized non-religious holidays in the Western world. How the custom of playing practical jokes or pranks on April 1 came about is still a bit hazy.
There are many theories out there, with one dating back to the 1500’s, when the Julian calendar was replaced by the Gregorian. Those who forgot (or even refused) to observe the change and attempted to celebrate New Year’s (previously celebrated on the 1st of April) on the original date were teased as “April fools.”
There are no ‘official’ rules, but superstition says the joking period must end at noon on the 1st of April. Anyone pulling a prank after this time is considered to be a ‘fool’ themselves because they don’t know the ‘rules’, or have failed to follow them.
According to Proofpoint’s newest Quarterly Threat Report, Q4 2018, the threat of Ransomware did decline at the end of 2018, but has opened the door for out-right cyber extortion.
Extortion is an age-old crime that has found its way into the cyber world. This threat continues to gain traction as a multi-million-dollar criminal industry. The newest trend is in the form of “sextortion,” in which a cyber-criminal threatens to reveal compromising information (i.e. photos, videos or visits to questionable websites) if the victim does not pay a fee. They may even claim to have “evidence” of compromising activities. These emails generally do not contain malware or a malicious link and rely solely on fear, emotion and the human factor to trick victims into paying.
As the threat of cyber extortion continues to grow, staying one step ahead is your best recourse in combating this ever-increasing threat. Addressing your organizations’ vulnerabilities, developing appropriate policies and procedures, using up-to-date technology to secure your networks and securing the right insurance coverage are integral parts in your risk management arsenal.
For more information on cyber insurance, and how it can help protect your organization, please contact Hawley & Associates at www.hawleyandassociates.com.
Check out the first Hawley & Associates newsletter of 2018! Happy Spring to everyone!
Hawley & Associates strongly believes in giving back to the community. We encourage the support of local businesses and services operating in the areas that we all live and work. But, when it comes to your insurance broker, you may need to think beyond your hometown borders.
Did you know that having a local broker may actually be a detriment to your organization, not a benefit? A local broker may not have the necessary knowledge of important state/federal statutes, coverage limitations, a strong relationship with key carriers and access to specialty markets.
Hawley & Associates provides specialized insurance products and services for nonprofits, human service and social service organizations all across the country. Our expertise gives us a broader view and understanding of the insurance industry and how it affects your organization. It is our job to stay current on all changes in your industry and to keep your organization and mission protected.
Check out Hawley & Associates 1st Qtr. Newsletter! Click on link below!
Hawley & Associates strongly believes in the industry we serve and were proud to sponsor this year’s Annual Orphans Overseas Fundraiser, held in Portland, OR., on March 15th, 2014.
Their annual “Evening of Hope” is a gala dinner and auction supporting the Orphans Overseas projects on behalf of vulnerable women and children around the world.
They are a non-profit organization and for 22 years they have worked around the world supporting orphan care initiatives, rescue care for abandoned infants, support programs, domestic & intercountry adoption, and orphanage education projects.