James D. Graydon - USI Insurance Services Producer

06/05/2024

At the CWCB Expo

01/26/2023

If you own a business, lets talk about how we can mitigate your risks. Message me for a free 1 hour consultation on your business insurance.

12/27/2022

How much business interruption insurance do you need and how do you calculate it??? Check out my article for those answers!

12/22/2022

Do you want to understand business interruption insurance and why you need it? Check out my article and be on the lookout for part 2 where I explain how to calculate how much coverage your business needs.

Business interruption insurance is a crucial component of a comprehensive business insurance plan. It provides protection against losses that may arise due to unforeseen events that disrupt the normal operations of a business.

12/15/2022

Every day, companies enter into agreements with third parties such as suppliers, contractors and vendors. In the face of supply chain challenges, increased material costs, project delays, and changing lease agreements, most companies are typically focused on the products or services they’ve promised. Unfortunately, that means contractual insurance requirements may go unnoticed — which can result in coverage gaps and noncompliance with contract terms, leading to uninsured losses and lawsuits.

Implementing an effective contractual risk transfer strategy, and then executing on it consistently, presents a challenge for many businesses. Attorneys advising businesses may not possess deep knowledge of insurance coverage and forms, and insurance agents are often uncomfortable engaging in serious consultation on contract language.

USI helps businesses manage the risks they assume under contract. By improving contractual risk transfer strategy and structuring insurance programs to optimize coverage, our clients are better able to avoid losses up to their policy limits, often exceeding $1 million.

We work with clients to accomplish the following:

- Review and identify risk transfer opportunities
- Recommend and negotiate more favorable contract language
- Align policy coverage to address liabilities retained by the insured

Contact me via message, email [email protected], or phone 516.534.3554 to discuss how USI can help you transfer your risk!

12/06/2022

Tis the season...Happy Holidays!

11/17/2022

HR professionals....this service is FREE to our employee benefits clients. Reach out to me at 516.534.3554 or [email protected] for more info.

"Solutions for Managing and Reducing Time-Consuming HR Tasks
Reducing time spent on administrative tasks gives HR more bandwidth to focus on staffing, budgeting and other issues critical to the survival and growth of the organization. Many platforms and solutions exist to help manage and reduce day-to-day HR and benefits administration functions, but most come with an additional cost ($2 to $4 per employee, per month). USI Insurance Services offers a range of solutions to help employee benefits clients manage time-consuming HR, regulatory and benefits administration tasks at no additional cost."

11/08/2022

A business’s workers’ compensation experience modification factor, or experience mod, has a direct correlation with insurance premium costs. The experience mod is an indicator of the business’s loss history compared to its industry peers', and is used as a multiplier to either increase or decrease premium.

An experience mod of 1.00 is reflective of average losses, and does not affect the premium.
An experience mod lower than 1.00 represents better-than-average losses, and produces a credit against the premium.
An experience mod higher than 1.00 represents worse-than-average losses, and produces a debit against the premium.

The key components of this calculation are Job Classification, Payroll, and Claims history. Contact me via message, email [email protected], or phone 516.534.3554 to discuss how USI can help you lower your WC costs by managing those key components.

11/04/2022

10/31/2022

Happy Halloween!

10/27/2022

Unwavering confidence. That’s the feeling employers should have with the data protection policies and practices of their retirement plan’s recordkeeper. However, frequent headlines of data breaches and protocol failures are solid reasons to ponder the security of their participants’ data.

Your organization cannot afford such risks and the resulting liabilities. Cybersecurity is a prime concern for you — and it also must be for your plan’s recordkeeper.

https://bit.ly/3SCrTxm

Contact me via message, email [email protected], or phone 516.534.3554 for a free consultation on your current cyber insurance policy. Let's lower your premiums, and secure your network to keep your future premiums low!