Keevily Spero Whitelaw Inc.

06/14/2022

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Keevily's Safety Groups Controlling your Workers Comp costs Your Keevily Team makes the difference Your dedicated team of Claim Consultants will assist you through every stage of your claims. Safety

12/24/2020

09/01/2020

Dear Safety Group Member. Would you like to get up to $500 back on your workers comp premium?
HERE IS HOW!

Up to $500 credit for PPE in your Workers Comp Premium Get the Credit You Deserve! As you continue to get back to business, the NYSIF is here to help you do it safely – and save you money along the way. Their Personal Protective Equipment (PPE) Premium Credit Program rewards customers like you wit...

08/24/2020

We participate in the Virtual Safety Symposium 2020 hosted by Trucking Association of New York. Here you can find one of our presentation. If you are a TANY member and you want more information about our Workers Comp Program please contact us at 800-523-5516

08/24/2020

Serving the NY State Trucking Industry, Safety Group #588 was established by the Trucking Association of NY (TANY) in 2011. This program gives the TANY members the opportunity to reduce their workers compensation costs.

08/24/2020

Keevily has served the construction industry for over 80 years!
Reach us at 800-523-5516

03/17/2020

Protect Your Business Income

Most commercial packages include some form of business income coverage, but do you know what this term means and what amount of money is enough?

As a business owner, you must consider your normal operating expenses in a given month: payroll, rent, and other overhead costs. You must also consider profits in a given month and if those profits vary throughout the year (e.g., seasonal profits). There are intricate spreadsheets that your insurance agent or broker can help you navigate if you want to determine an accurate number. These spreadsheets ask for a lot of data, but much of it can be gathered from an annual financial report.

Another item to consider is the term “business income with extra expense.” Maybe you have a business that requires a brick-and-mortar facility with certain equipment to operate. What if you experience a loss that destroys that equipment or you need to rent space elsewhere while your building is repaired?

The “extra expense” part of business income coverage gives you money for rented equipment and expedited payouts to get up and running in temporary operations so that you do not lose your customers. You may also have to hire temporary employees during this time frame—again, an extra expense to consider.

On the other hand, your business may be able to operate without your brick-and-mortar facilities and people could work at home if your building burned down. But don’t write off the “extra expense” exposure just yet! There are other incidents that can cause business income interruptions.

As part of your business continuity plan, you should look at business income disruption exposures and talk to us at Keevily about options for protecting against crippling revenue and expenditure events.

www.Keevily.com

03/14/2020

Commercial Auto Insurance Limits

Many companies get business auto insurance with $1 million in liability limits and consider their risk covered.

But what about some of the other jargon you may see on your policy—specifically first-party benefits and uninsured/underinsured limits? Should you, as the business owner, stick to the minimum or go beyond to maximize your protection?

Most often, a commercial package policy has minimum or low limits that shield your company from typical liability losses. The business, in this case, asks each individual’s personal auto insurance to provide primary coverage while the employee is driving on company time. Workers compensation insurance will take care of the employee if injured in the course of work duties.

But what if you are a small business and your family uses the company vehicle? Should you increase these limits? Maybe…or you can consider personal auto policies for all the family members who drive company vehicles.

Keevuily can help you sort these issues out. You will need to know who will be driving the vehicles in question, the frequency of use, and what current personal auto policies are in place on the drivers at issue. Having the right commercial auto policy will reduce the chances that your company will have unexpected, serious losses due to vehicular accidents.

www.Keevily.com

03/11/2020

Small Businesses: Sole Proprietorship
or LLC?

Business owners often start up quickly as a sole proprietorship and do not consider the implications from having their personal name associated with the business. If given the choice, wouldn’t you want to separate yourself personally from potential liabilities of your business?

A limited liability company (LLC) is one such strategy: an LLC has its own unique name, has its own federal employee identification number, and can create a barrier between the individual who owns the business and the business name itself.

In contrast, a sole proprietorship usually lists the business owner’s personal name, and this is reflected on the business’s insurance policy.

If someone slips and falls at your business, do you want the business or the individual business owner to face the liability costs? If your name is listed on the business’s title (as in a sole proprietorship), it may open you up to being sued personally!

Talk to us at Keevily today about the insurance advantages and disadvantages of the different ownership designations available to you.

Call us at 800-526-5516

03/05/2020

New Operations: Don’t Assume You Are Covered

We live in an entrepreneurial age, and if you own a business, you most certainly have thought about trying new operations or endeavors, but have you brought insurance into your plans?

Your current commercial package insurance policy reflects the risks you had when you procured it, so you should not assume that protection exists for a new operation. The good news is your commercial insurance policy can be modified to accommodate new operations, which is often necessary.

Additions may include new locations, equipment, employees or activities.

Don’t let a failure to procure the right insurance expose your new endeavor to failure. Make coverage a priority consideration in your business expansion strategy, and get the right protection from the earliest stage onward.

www.Keevily.com