Veale Insurance Agency

10/31/2013

Have a Safe & Happy Halloween everyone!

05/08/2013

Veale Insurance is moving! As of May 23rd we are moving to our new location at 244 N. 7th Street Ste D (corner of 7th & White) in the Bray Commercial Building.

03/19/2013

Warmer weather is on its way and that means more time spent enjoying activities outdoors . The swimming pool, ball diamond, and playground are all fun places to be during the summer, but they also offer plenty of opportunity for injury, especially to children.

The Center for Disease Control & Prevention reports that emergency rooms treat more than 200,000 children each year for playground-related injuries. About 45 percent of the injuries are severe, including fractures, concussions, internal injuries, and amputations. Between 1990 and 2000, 147 injuries were fatal.
To Read More Follow This Link: http://blog.central-insurance.com/2013/03/15/play-it-safe-at-the-playground-parental-supervision-required/

Warmer weather is on its way and that means more time spent enjoying activities outdoors . The swimming pool, ball diamond, and playground are all fun places to be during the summer, but they also ...

02/27/2013

What would happen to your business if you lost power for an extended period of time? This can happen if a storm knocks down power lines miles from your business, or perhaps a transformer down the street was damaged.

The potential financial loss resulting from an off-premises power failure can be detrimental to the survival of a business. Without the proper business insurance coverage, businesses may even close their doors permanently.

The standard business insurance policy does not provide coverage for financial losses resulting from a business shutdown due to the interruption of utilities away from the place of business. However, endorsements are available - make sure you are covered!!

02/26/2013

Another use for incense....

02/21/2013

The Mesa County Safety Fair is a great way to teach your kids safety and how to protect themselves. Head to Mesa Mall today and tomorrow from 9:00-3:30 - it's free!

02/15/2013

Good Morning!
We hope everyone has a great weekend. Here is a little Friday humor.

02/14/2013

Happy Valentines Day!

02/13/2013

For many of us, a crackling fire in the fireplace is an indispensable part of the season. Who doesn’t enjoy the warmth and cheer that emanates from the fireplace on a cold winter evening?


Unfortunately, fireplaces also contribute to needless injuries, loss of life, and property damage annually. The U.S. Fire Administration estimates heating fires account for 36 percent of all rural home fires each year. The National Fire Protection Association (NFPA) states that the leading factor contributing to home heating fires is failure to clean the chimneys of solid-fueled heating equipment such as wood stoves and fireplaces. A highly combustible, sooty residue known as creosote that accumulates inside a chimney can be ignited by hot gases rising from the fireplace.

to read more follow this link
http://blog.central-insurance.com/2013/01/16/keep-those-home-fires-burning-safely/

For many of us, a crackling fire in the fireplace is an indispensable part of the season. Who doesn’t enjoy the warmth and cheer that emanates from the fireplace on a cold winter evening? Unfortun...

02/12/2013

Coinsurance 101: Sharing the Risk

You’ve heard of coworkers, cosigning, and co founders. But have you ever heard of coinsurance?

The coinsurance clause is a provision which requires you to carry enough insurance on your property so the coverage amount is equal to a certain percentage of the property’s value (usually 80%, 90%, or 100%). Why is this important? Because if you don’t meet this percentage of value with your insurance coverage and then experience a loss, you essentially won’t have enough coverage to pay for your loss in full.


The purpose of coinsurance is to limit the liability the insurer has to pay, stemming from the fairness in premium charges. While you may carry a lower coverage limit than necessary to save premium dollars, you then face the possibility that when you experience a total loss, you will not be reimbursed for the full replacement cost of the property. However, most losses are partial losses, and the likelihood of a total loss is quite small. You may be tempted to keep your insurance coverage limit lower than it should be, chancing that a total loss may never happen.

To read more follow this link: http://blog.central-insurance.com/2013/01/15/coinsurance-101-sharing-the-risk/

You've heard of coworkers, cosigning, and cofounders. But have you ever heard of coinsurance? The coinsurance clause is a provision which requires you to carry enough insurance on your property so...

02/11/2013

Employment Practices Liability Insurance and the Small Business Owner

Employment Practices Liability Insurance. If you own a business, you have likely heard of this coverage, or maybe you know it as EPLI. But what is it and why does your business need it?

Over half of all Employment Practices Liability claims are filed against small businesses. EPLI provides them with protection against these claims brought by employees – claims that are typically excluded in most General Liability policies. Discrimination, wrongful termination and harassment are all examples.


So, do you need this coverage? Well… maybe! First, consider today’s evolving workplace has several challenges. A diverse workforce can bring about issues regarding discrimination based on race or gender. And most of us have felt the economic “squeeze.” Unemployment is high and those looking for jobs may feel that an employer’s hiring practices are discriminatory. Factor in that the U.S. has earned the dubious title of the most “litigious society,” and you can understand why business owners face a great deal of exposure to employment claims.

So the workplace is an environment ripe with potential lawsuits. And just what could one of those do to your small business? While 75% of these lawsuits prove to be groundless, the business owner must still defend him or herself. The average Equal Employment Opportunity Commission (EEOC) complaint takes over a year to resolve and a majority of these claims end up settling between $20,000-$40,000, causing major financial strain on a small business in both time and money. And while 75% of all EPL claims are groundless, legal fees can still be upwards of $25,000. In a nutshell, employee claims can severely damage a business’s reputation, and financial livelihood.

To read more follow this link: http://blog.central-insurance.com/2013/02/08/employment-practices-liability-insurance-and-the-small-business-owner/ -2842

02/08/2013

How Will Healthcare Exchanges Affect Wages, Taxes, Premiums, and Retirement | BHM Healthcare Solutions

Summary: How might exchanges affect wages? How might they affect taxes? How might they affect premiums? How might they affect retirement?

So, an interesting twist…….

Current scenario

Let’s say an employee has group insurance and a company sponsored retirement plan with employer contributions. This is a typical scenario. Health insurance premiums and employee contributions (up to a certain limit) are tax deductible for the employee. Additionally, the employer portion of group insurance and the employer contributions to the retirement are tax deductible for the employer.

Under the Affordable Care At, wages and salaries of people receiving health insurance will be subject to an additional implicit tax, because wages and salaries will determine how much a person has to pay for health insurance.

To read more follow the link below.

Summary: How might exchanges affect wages? How might they affect taxes? How might they affect premiums? How might they affect retirement?