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.
Besides offering tailor-made insurance programs designed specifically around your unique operations and exposures, we do offer the exclusive WorldPro Insurance Program. It is the most comprehensive and cost competitive program offered to social service organizations today. Since it’s inception, WorldPro now insures some of the largest nonprofit organizations in the country.
- High Limits (including abuse)
- Stand-alone Umbrella coverage
- Program will defend a negligence, error or omissions claim brought anywhere in the world, with no limitation as to venue, change of venue or any other exclusion involving jurisdiction
- Special Defense Fund available to any employee wrongfully accused of abuse or molestation
- No territorial exclusions or restrictions
Hawley & Associates has been instrumental in introducing several new social service insurance programs to the market and we will continue to work hard to find even more markets and programs to bring down premiums for our clients and help you serve the under-served.
Contact us today for more information!
Food-borne illnesses are most common in summer. With higher temps and sometimes ‘not so ideal’ conditions, such as camping or a maybe a long road trip, bacteria growth reigns supreme.
Here are some great tips to keep your summer plans on track and most importantly safe!
- Use separate cutting boards for raw meat and vegetables to reduce the chance of cross-contamination. Harmful bacteria present in raw meat and poultry can contaminate even cooked food.
- Keep perishable food cold until ready to use.
- Never use tongs or utensils that have touched raw meat or poultry to serve cooked food.
- Camping – Keeps foods cold!A block of ice last longer than ice cubes. Empty milk cartons filled with water and then frozen are a great alternative to ice cubes or purchasing block ice in the store. Also, fuller coolers tend to stay cooler longer.
- Put cold drinks in a separate cooler.This will help minimize the number of times the cooler is opened, thus keeping the food cooler colder longer.
- Don’t reuse marinades.This will prevent raw meat juices getting onto your cooked food.
- Cook food thoroughly.Using a thermometer gives you the best results in determining whether your meat is under or overcooked.
- Throw out leftovers.Perishable items left out for two or more hours should not be consumed.
- Thaw and marinade food in the refrigerator.
- Keep things clean, including your hands!
The landscape is definitely changing when it comes to insuring your foster care agency. Many agencies are receiving non-renewal notices, or their premiums have increased substantially, even without a large claim history. What is the reasoning behind these dramatic and sometimes very shocking changes?
Some contributing factors:
- The high-risk factors associated with child welfare
- Claims increasing in severity and frequency
- Nonprofits are diversifying their services, thus increasing their exposures
- Contracts are requiring higher limits, resulting in higher premiums
- Changes in carrier appetites and the types businesses they will cover/not cover
- Changes in policy forms
As a result, Carrier risk management requirements are being raised. Creating a robust risk management program is imperative in controlling your losses, premiums and meeting carrier requirements. Start by electing a risk management officer or mandated reporter, create a formal incident reporting program and reduce and manage a social worker’s caseload/workload. This is a great place to start.
So, what is your foster care agency to do in these changing times? Contact a specialist. Hawley & Associates specializes in hard-to-place risks, including adoption & foster care. Our broad access to specialized markets and innovative risk management tools allows us to partner in and empower your mission!
Employment Practice Liability Insurance (EPL) covers allegations from employees against other employees and/or the employers itself based on discrimination, harassment, wrongful termination, retaliation and other specified “Wrongful Acts”. This is what is commonly known as “First Party” EPL coverage, the first party being the employee as the claimant.
So, what is a “Third Party” EPL claim? Allegations of specifically discrimination or harassment against the employees and/or the employer from “Third Parties” with whom the employees come in contact while conducting business on behalf of the organization.
Third Parties can include:
➢ Independent contractors on the organization’s premises, like cleaning people.
Classes of business with Third Party EPL exposure include:
➢ Artisan contractors (plumbers, landscapers, etc.)
➢ Business services (accountants, consultants, etc.)
➢ Commercial daycare centers and summer camps
➢ Fast food restaurants
➢ Fitness Centers
➢ Hotels and motels
➢ Retail stores, including convenience stores and supermarkets
Many employers do not realize that they have a gap in their insurance coverage that leaves them open and vulnerable to lawsuits from customers, clients, vendors and suppliers.
Contact Hawley & Associates today for more information on Third Party EPL insurance for your organization.