Clarke & Sampson Blog

Scott Jefferson

Recent Posts

Coverage Insights: Employment Practices Liability Insurance

Posted by Scott Jefferson

Nov 9, 2017 1:07:58 PM

From the moment that your business starts the pre-hiring process until the exit interview, your business is vulnerable to an employment-related lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called employment practices liability that protects against instances such as wrongful termination and sexual harassment suits from your current, prospective or former employees. This coverage applies to directors, officers and employees, and can sometimes extend to third party liabilities.

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143 Million People Potentially Affected in Equifax Breach

Posted by Scott Jefferson

Sep 19, 2017 9:41:30 AM

Equifax, one of the largest credit reporting agencies in the United States, was recently the victim of a massive cyber attack—an attack that may have compromised the personal information of 143 million people.

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Insurance Insights: Risks of Home Sharing

Posted by Scott Jefferson

May 30, 2017 3:02:02 PM

Just a few years ago, taking a trip involved contacting travel agencies, booking hotel rooms and making plans far in advance. Today, however, smartphones and the internet have helped create new, on demand sharing services that allow homeowners to connect with travelers and rent out their homes, spare bedrooms or other accommodations for a fee.

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Topics: Personal Insurance

Workers Compensation Insights - Officer Exclusion

Posted by Scott Jefferson

Mar 30, 2017 11:46:45 AM

Most states require employers to purchase a workers’ compensation insurance policy to cover workers who are injured or made ill due to a workplace exposure. While owners and corporate officers can exclude themselves from coverage, there are potential drawbacks to opting out that need to be seriously considered before you make your decision.

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Topics: Workers Compensation

Credit History and Your Insurance Premiums

Posted by Scott Jefferson

Feb 8, 2017 10:03:31 AM

Why credit history matters

As you may know, many insurance companies use credit-based scores to help determine a customer's insurance premium. This FAQ section can help you understand how your score is calculated and how it could impact what you pay for your policy. (Please note that the use of insurance scores varies by state.)

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Topics: Insurance Scoring

Recent Study Predicts Escalation of Cyber Attacks

Posted by Scott Jefferson

Jan 20, 2017 11:26:33 AM

According to a recent report from Experian, a global information services group, businesses can expect to see an increase in the number and severity of cyber attacks in 2017. The report also predicts that a large number of politically-motivated cyber attacks near the end of 2016 will escalate into a larger cyber attack conflict, and that businesses in the financial, security and health care industries will be the most frequently targeted.

Major Predictions

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Topics: Cyber Security, Cyber Liability

National Flood Insurance Program Changes for 2017

Posted by Scott Jefferson

Nov 1, 2016 4:03:54 PM

The Federal Emergency Management Agency (FEMA) recently announced changes to the National Flood Insurance Program (NFIP) that will go into effect on April 1, 2017. These changes are made annually, and may impact your home’s flood insurance premiums—especially if it is newly mapped into a Special Flood Hazard Area (SFHA).

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Topics: Flood Insurance, Flood Facts, Alexandria Flood

HO3 vs. HO5 Homeowners Insurance

Posted by Scott Jefferson

Jul 19, 2016 8:42:13 AM

Many homeowners operate under the assumption that all homeowners insurance is created equal. A common notion is that as long as the coverage limits match, a policy or quote comparison is "apples to apples." The reality is that that homeowners policies differ substantially even though they may appear to be identical. One major difference between homeowners policies is whether coverage is provided on a HO3 or HO5 form.

 

 

 

 

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Topics: Personal Insurance, Historic Home, Alexandria VA, Homeowners Insurance, HO3 vs. HO5

Caring for Your Historic Home

Posted by Scott Jefferson

Feb 26, 2015 1:58:19 PM

As a home ages, a thorough maintenance program can help you avoid costly repairs. Here are some steps you can take to help reduce the risk of loss in an older home:

• Consult with licensed electrical, plumbing and heating specialists for an initial evaluation, and arrange schedules for routine maintenance. Maintaining and updating essential systems is a critical step in protecting your property.

   


• Older homes often have less insulation. To help prevent pipes from freezing, you can insulate
pipes directly, shut off exterior faucets, and maintain a comfortable heating temperature at
all times. The installation of low temperature sensors tied into the central station alarm
system will detect a problem with the heating system and a drop in interior room
temperature. Should a pipe freeze and burst, there are also products available that detect
water leaks.

• If you will be away from home for an extended period of time, shut off your main
water supply.

• Repairing or re-pointing of mortar walls and chimneys may become necessary when any
of the following conditions are noted: cracked or missing mortar, loose bricks or stones,
damp walls or damaged plaster work. Left unattended, these conditions can lead to severe
water damage and other problems. Regular chimney evaluation and cleaning by a
professional is highly recommended.

• Missing, worn or broken roofing materials may allow water to penetrate and deteriorate the
roof structure. Inspect your roof and flashing around chimneys and skylights periodically,
especially after severe storms. Contact a licensed roofer for further evaluation and repairs.

• If you live in a wooded area, falling leaves may clog the gutters and lead to water backup that
could damage your exterior siding. In late fall, clear gutters and downspouts of leaves and
debris. Downspouts should be directed away from the house to improve drainage around the
foundation.

• Proper ventilation and updated insulation in the attic can not only reduce the potential for
damage or deterioration due to excess moisture, but also reduce energy usage.

• Inspect windows and exterior doors for proper caulking and weather stripping. Check exterior
paint and siding for peeling and/or cracking.

• Regularly inspect decks, terraces and balconies. A deteriorating condition can lead to water
damage of the interior. Uneven, cracked or rotting decks, terraces and balconies can lead to
a personal injury liability hazard.

• Periodically inspect your foundation walls and floors for cracking that might allow water
seepage. Avoid storing valuables in the basement. If your basement is prone to leaks or
flooding, a sump pump is the best defense. Most sump pumps last about 10 years. Follow
the manufacturer’s suggestions for testing and operation. The areas around the pump
should be clear of debris. A battery back-up is recommended to ensure proper operation
during power outages.

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Topics: Personal Insurance, Historic Home, Alexandria VA

Risk Management 101: Fitness and Recreation Centers

Posted by Scott Jefferson

Jan 28, 2015 4:39:00 PM

According to a recent article in Recreation Management, there are approximately sixteen million lawsuits filed annually in state courts – a rate of about one every two seconds. Few industries are more susceptible than fitness and recreation. Fortunately, we've outlined some simple steps to help you protect your business and keep your patrons safe.

Owning a fitness center can be a lucrative and rewarding experience - but before you are able to help people live healthier, happier lives, you need to make sure that you have a risk management plan in place to protect your business. We understand that this isn’t nearly as exciting for you as getting a good workout in, but it is very necessary in making sure your business runs smoothly and successfully. Having a comprehensive risk management plan in place can minimize the chances of an accident or avoid one altogether.

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