Greg Palma, Lechner & Stauffer Inc.

07/20/2022

With the current heat wave we are experiencing, make sure you know your responsibilities as a business owner. If you need help let me know, happy to share our resources.

06/29/2022

Are you looking for a career change? Do you want to be a part of a fun and growing team? We are hiring all positions! Message me to schedule a call >>> [email protected]

06/16/2022

🚨BOMBSHELL!!!🚨

The conversation between Johnny Depp and Amber Heard had at the end of the trial has been leaked! The transcript reads:

Heard: Johnny... Hey! Can you turn around and look at me?

Depp: (bows his head)

Heard: Let's talk Johnny... Talk to me.

Depp: (Turns to his lawyer, and his lawyer shakes her head)

Heard: I have something to talk to you about.

Depp (with his head still down): I have nothing to talk to you about.

Heard: Please, look at me!

Depp: Goodbye Amber.

Heard: Tell me something Johnny, do you still love me?

Depp: (Keeps quiet)

Herd: Do you still love me, Johnny?

Depp (lifts his head, looks her straight in the eyes, and says): Amber, this might be the last time we ever speak, so please listen to me very carefully. If you ever need an insurance agent call Greg Palma from Lechner & Stauffer. He is the best! You can reach him at 267-923-3350.

06/01/2022

Are you a developer, general contractor, homebuilder, or subcontractor? Have you ever heard of builders risk policy? Chances are you may not be properly covered. Call today to learn more and have a free consultation to explore potential gaps in coverage >>> 267-923-3350.

https://buff.ly/3x60ZCp

04/08/2022

I was meeting with a commercial client the other day who we currently do not handle his life insurance. During our meeting, I said we handle your business and personal insurance, and I asked if we can review his life insurance. He paused and asked why? I asked how long ago did he take out the policy? He said 15 years ago and it is a 30 year term policy. I said okay, has anything changed in the last 15 years?

He goes on to tell me he got married, had two kids, bought a new house, he's thinking about buying a house down the shore, and naturally his income has increased over the past 15 years. I asked if he ever reviewed his policy or made any changes after these life events? The answer was no. Long story short he was drastically uninsured.

Moral of the story is, you should be revaluating your life insurance every few years and especially after major life events. If you are interested in having a free, no cost, no obligation review give me a call >>> 973-902-6908.

03/31/2022

Does your risk management plan need improvement? Are you excited about the construction boom? Don't let an oversight cause you to miss out on this amazing opportunity. If you need help feel free to reach out >>> 267-923-3350

Times are good for contractors, with an active market creating an abundance of work, increasing revenues, and business growth. In 2021, President Joe

03/23/2022

According to CNBC roughly 47 million people quit their jobs last year. If your company experienced any turnover, chances are it wasn't for more pay. People are willing to change jobs for equal pay with more benefits.

Do you have a key employee that if something happened to them your business would suffer? Have you considered taking a key person life insurance policy out on them? The business pays the premium, the employee feels valued and appreciated, and some of my clients will split the death benefit with the employee's estate to offer protection to their family.

If you are interested in learning more feel free to give me a call 267-923-3350!

02/10/2022

4 Tips to Know It’s Time To Shop Your Business Insurance

1. Limits of Liability – Do you have various liability limits between all your policies? There should not be varying limits of liability between your Employer’s Liability, General Liability, and Business Auto. How come if someone slips and falls at your office you have $1 million of General Liability, but if you get into a car accident you only have $300,000 of Business Auto Liability? To have equal liability limits across all policies is cheaper than you think!

2. Retention limits – Retentions are simply deductibles on your policy. If you see a $5,000 or $10,000 retention, chances are carriers will be willing to lower the retention limit to $0 for no additional premium. The last thing you want is to have a $100,000 claim and have to pay $10,000 for your insurance to pay out.

3. Admitted vs. Non-Admitted Carriers – An admitted carrier is one that is admitted by the state insurance department to underwrite policies. Think of this as a FDIC member bank. Chances are some if not most of your contracts may require you to be insured through an Admitted Insurance Carrier. If you are not, this could result in a breach of contract suit. Furthermore, do you know the AM Best Rating for your carrier? This measures the creditworthiness of the carrier. You do not want to be insured by any carrier less than an A- Rating.

4. Lastly, when was the last time you had a full comprehensive review? Just like your business, the insurance industry is constantly changing. New court cases, state legislations, and new insurance products can drastically affect your coverage needs. If it has been more than 3 years it may be time to get a second opinion.

01/19/2022

When is a good time to shop your insurance? Right now! With inflation rising to over 7% and interests rates on the rise, many insurance companies may look to hide rate increases in this inflation wave.

If you haven't shopped your insurance in a few years and have been auto renewing year after year, now is the perfect time for a no cost, no obligation review. Schedule your meeting today!

[email protected]

12/06/2021

While you're enjoying your Christmas movie marathon, pay close attention to It's A Wonderful Life.

George Bailey was desperate and thought all hope was lost until he remembered he had a life insurance policy.

He was able to use the cash value from his whole life policy to save his family's business and the whole town of Bedford Falls from the evil Mr. Potter.

Whether you are protecting your town from the evil Mr. Potter or simply want to review your current life insurance plan now is a perfect time.

Email me to schedule a time to chat [email protected]!

11/26/2021

I hope everyone had a Happy Thanksgiving. Black Friday and Cyber Monday are some of the busiest shopping days of the year. Before heading out or firing up your computer, take a look at these safety tips!

11/17/2021

When should you review your commercial insurance policy?

1. Hiring new employees or buying new vehicles/equipment
2. If your business is downsizing or expanding
3. When you acquire another business
4. If you made improvements to your facility or safety training
5. Annual review

If you are experiencing any of these 5 situations or simply wish to have a review to kickstart the new year, feel free to email me to schedule a 5-10 minute conversation to see if we can help!

[email protected]