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The Importance of Contractor’s Insurance

In the course of doing business, contractors such as plumbers and roofers take on several risks of a financial nature as well as being subject to personal injury lawsuits. To lessen this risk, independent contractors may opt to purchase a policy that will cover their costs in the event of being sued for property damage or bodily injury.

Independent contractors provide their services in many of the construction trades, from electrical repair to road construction. Business owners, who already have enough to worry about just keeping the business operating, are going to be far more likely to hire an independent contractor who has a contractor’s insurance policy. To contract for the federal government and some state and local governments, contractor insurance is mandatory.

Contractor insurance policies are generally issued to cover the contractor, the person or company they are providing services to and any person, such as a homeowner, who is directly impacted by the work of a contractor. The policy will cover accidental property or equipment damage as well as protection from medical and legal costs brought on by a third party.

There are two areas that contractor insurance will not provide coverage for. The first is deliberate acts of negligence and the second is acts that occur due to a continued pattern of poor workmanship. However, the insurer would need to prove that such a pattern existed before denying a claim.

The average claim against a contractor often is not made until many years after the event, as faulty construction is often not evident until the finished product has been in use for some time. That is why it is important to understand how long the contractor’s insurance policy will be in place. A contractor’s insurance policy can even provide protection after the contractor has retired.

By purchasing a contractor’s insurance policy, contractors are relieved of the stress and anxiety over accidental damage to property or personal injury to others and can just concentrate on providing the best contracting services possible.

Are You Ready For The Spring Flooding Season?

Springtime brings warmer weather, but also brings conditions such as fast melting snow combined with severe storms and heavy rainfall that increase flood risk. Just a steady rainfall can cause rivers, lakes or other bodies of water to overflow their banks, threatening the communities near them. In fact, you don’t even have to be near the water to be at risk! A water-main break can result in a flooding of the surrounding area causing water damage to homes and businesses.

Don’t wait for a water main break in your neighborhood or for local flooding to occur to discover that you are not covered for flood losses.  Remember, it takes 30 days AFTER the purchase for a flood policy to take effect.  Make that call to us today before you find yourself standing in water! (410) 504-1002

CNA Loss Control Seminar

ROSSMANN-HURT-HOFFMAN, INC. IS PLEASED TO ANNOUNCE THE CNA LOSS CONTROL SEMINAR

“Building a Solid Foundation”: Managing Law Practice Risk

DATE: May 25, 2011 (WEDNESDAY)
TIME: 9:30 AM. – 1:00 PM.
PLACE: M&T BANK STADIUM – INNER HARBOR – BALTIMORE, MD
ROOM: NORTH CLUB LOUNGE (2ND FLOOR)

The program will be conducted by Alvin Frederick, Esquire (Eccleston & Wolf) and Glenn Grossman, Bar Counsel (Attorney Grievance Commission of Maryland) as well as their special guest, the Honorable Glenn T. Harrell, Jr., Judge of the Court of Appeals of Maryland. The general topic will be “How to Avoid Lawyers Malpractice Claims”. Judge Harrell will share his thoughts on the most significant decisions of our appellate courts during the prior year. While we WELCOME your participation every year, it is only necessary to attend our seminar once every three years to receive your premium credit.

A complete breakfast buffet will be served.

Space is limited and early registration is strongly recommended

For cost, registration form and more information, please contact Rossmann-Hurt-Hoffman, Inc. at (410) 465-4300

Restaurant Insurance | Maryland Insurance

One of the most important, and most unseen, aspects of operating a restaurant is having good insurance. Many times, insurance may be only an afterthought, but it is vital to the long term success of a restaurant.

Restaurant insurance will help to protect the owners from damages and losses associated with unforeseen events. Not only is it important to mitigate monetary damages, but it can also be required both by state law and by some financing agencies in order to operate and secure financing.

Like most insurance types, there are a variety of different options available. Property insurance is crucial to a business because it will cover the costs of rebuilding should a fire or other incident occur. Being secure that the building will survive most events can help to reassure investors. Unfortunately, most property insurance does not cover weather related damages which are covered mainly by a different policy option.

General liability is insurance against events that may happen to patrons inside of the restaurant. This includes cases such as food poisoning or slip and falls. Having general liability can save a business from a bad series of events that could end in an expensive settlement.

Workers compensation is another type of insurance that may be required. This insurance will cover the costs of medical and other bills should an employee of the restaurant be injured while on the job. Without this insurance, then those bills would have to be paid out of pocket.

There are a number of different options that can be included in a restaurant insurance policy. There are insurance policies for nearly every situation. There are even policies that can cover the failure of the business, liquor liability for the actions of intoxicated customers, and automobile liability if your restaurant uses delivery vehicles.

Whatever the need, there are restaurant insurance policies available to help protect the business. They can help to make sure that the business runs smoothly over the years and help to increase profits even when unexpected events occur.

10 Reasons Your Insurance May Need a Checkup

Does your insurance need a checkup?

• Have you gotten married or divorced?
• Have you had a baby?
• Did your teenager get a driver’s license?
• Have you switched jobs or experienced a significant change in your income?
• Have you done extensive renovations on your home?
• Have you decided to buy a vacation or potential retirement home?
• Have you acquired any new valuables such as jewelry, electronic equipment, fine art, antiques?
• Have you signed a lease on a house or apartment?
• Have you joined a carpool?

If you answer yes to any of these questions, give us a call to update your policy. (410) 504-1002

ATTENTION DRIVERS!!!

New Maryland traffic ticket process begins January 1, 2011. On January 1, 2011, a new law goes into effect, and drivers who get a payable traffic ticket in Maryland will no longer be given an automatic trial date to appear in court.

Here’s how the new Maryland traffic ticket process works: Drivers have three choices when they get a payable traffic ticket, and they must comply within 30 days or risk having their driver’s license suspended by the Motor Vehicle Administration.

The three choices:

1. Pay the traffic ticket fine.
2. Ask for a waiver hearing instead of a trial. Waiver hearings are for drivers who don’t dispute the ticket, but want to have a judge hear an explanation before being sentenced.
3. Ask for a court date for a trial.

Personal Insurance

There are many different forms of personal insurance. The reason for the wide variety of offerings is that each type of personal insurance insures a different thing. Homeowners insurance insures a persons home and valuable possessions that are kept within that home. Life insurance covers the person for the possibility of his death. Health insurance insures that if the person happens to get into an accident or develop an illness, he will be able to afford the treatment that is necessary to treat the condition. Auto insurance insures that the person will be able to pay for any damages he may cause in the event of an automobile. These are the most common types of personal insurance. The reason that these personal insurance policies exist is that the expenses that can arise from these various situations can be unexpected and incredibly expensive.

Homeowners Insurance

Homeowners insurance is a personal insurance policy that covers the expense to repair or replace a home and the property that is kept inside. These policies protect the holders from damage that may be caused by vandalism, natural disasters, and the like. One thing that people should keep in mind when they are considering purchasing homeowners insurance is that many of these homeowners insurance policies do not cover damage that is caused by flooding. People who live in areas that are prone to flooding will usually have to purchase an additional policy to cover themselves for those possibilities. One interesting thing that is covered by most homeowners insurance policies is liability. This means that if a guest is injured while inside of one’s home due to negligence or something that can be blamed on the house, such as slipping on a wet floor, that person has the legal right to sue the owner of the house for the damages that occurred to his person. However, these damages that would be awarded to the injured guest would be covered by the homeowner’s homeowners insurance policy. This can save a great deal of stress and hardship and is very valuable for people who entertain company often.

Auto Insurance

Auto insurance protects a person in the evident that he has an accident i his car. these accidents can cause a great deal of harm. That is why it is so important to have automobile insurance.

Life Insurance

Life insurance covers a person in the event that he dies. These policies pay out money to people who were dependent on the person. When the provider for a family dies, it can be a huge blow to a family. Life insurance softens this blow.

Health Insurance

Health insurance pays for medical bills that a person incurs. Medical bills can be very expensive. Health insurance makes these costs manageable.
 
By purchasing the right personal insurance policies, a person can greatly reduce the impact that disasters will have on his life.

Fire safety tips | Maryland Insurance

October is Fire Prevention Month. According to the Home Safety Council’s State of Home Safety in America™ Report, fires and burns are the third leading cause of unintentional home injury and related deaths. Fire safety and survival begin with everyone in your household being prepared. Follow the safety advice below to reduce the chance of fire in your home.

Smoke Detectors
•    Place smoke detectors near bedrooms and on every floor of the house.
•    Test the batteries often or as recommended by the manufacturer.
•    Don’t place smoke detectors near air vents.
•    The smoke detector’s battery should be replaced twice a year. Here is an easy way to remember: When you change your clocks, change your batteries.

Electrical Wiring
•    Replace worn cords.
•    Don’t run cords under rugs or carpets.
•    Don’t overload electrical outlets or power strips.
•    Avoid using extension cords when possible.
•    Replace any frayed or cracked extension cords.
•    Don’t tamper with your fuse box or use improper-size fuses.
•    If any electrical appliance smokes or has an unusual smell, unplug it immediately, and don’t use it until checked or repaired.

Electric Space Heaters
•    Don’t use an extension cord on space heaters.
•    Unplug heaters when you are not using them.
•    Keep heaters a safe distance (at least three feet) from furniture and curtains.
•    Do not dry your clothes, gloves or other items on a heater.

Fireplaces
•    Have your chimney cleaned regularly to prevent chimney fires.
•    If you have a fire in your fireplace, always close the screen or doors.
•    Always empty your fireplace ashes in a metal container, and set them away from the house or anything that will burn.

Cooking
•    Never leave cooking unattended.
•    For each pot or pan you use, have its lid out to cover it to extinguish sudden flare ups.
•    Keep the cooking areas clear of combustibles such as aerosol cans, oil, towels etc.
•    Turn pot and pan handles inward on the stove so they can’t be bumped.
•    Keep small children away from the cooking area while in use.

Home Fire Escape Plan – Create a family escape plan in case of fire.
•    Practice the escape plan every six months.
•    Assign someone to help those that need help getting out.
•    Create a meeting place for everyone once they get out.
•    Get out of the house or building and stay out.
•    Always know two ways out of every room.
•    Feel doors with the back of your hand for heat before opening.
•    Open doors slowly, and be ready to close them if heat or fire is outside them.
•    Close any doors you safely can as you are leaving the house or building.
•    Crawl low under the smoke.
•    Once outside, go to a phone, and call 911 to report the fire.

Calling 911 – Provide any helpful information to the fire department that you can such as:
•    Where the fire is located in the house or building
•    If anyone is still in the house or building and where they might be located
•    Any hazards that might be in the house or building

Just good common sense …
•    If your clothes catch on fire: STOP, DROP and ROLL until the fire goes out, and cover your face with your hands.
•    Children should NOT have access to or play with matches or lighters.
•    Children should stay away from others who play with fire and should immediately inform an adult.
•    Smokers should always use a proper ash tray and should stay alert while smoking.
•    Have working fire extinguishers, and know how to use them.
•    Do not waste time trying to save your pets, toys and other things.
•    Every second counts in a fire.

Remember, fire safety begins at home. Every family should know the basics of how to prevent fires and what to do in case there is a fire. Check out these useful Web sites for additional safety tips.

http://www.smokeybear.com

http://www.nfpa.org/sparky/index.html

http://www.usfa.dhs.gov/citizens/index.shtm

September is Disaster Preparedness Month

September is Disaster Preparedness Month and we want to make sure that you are prepared in the event of a disaster in your area. “Because September is National Preparedness Month, The Institute for Business & Home Safety (IBHS) is offering simple, inexpensive ways home and business owners can prepare their property to better withstand many different kinds of natural disasters.” Check out their website and use their cool Zip Code tool to find out what risks are common where you live and what you can do to help minimize the impact of these natural and man-made disasters!

http://www.disastersafety.org/

Maryland Earthquake Offers Reminder of Widespread Risk

Most Homeowners and Businessowners in Maryland and its surrounding states are NOT prepared for Earthquakes!

The 3.6 magnitude earthquake felt in the Washington, D.C., metropolitan area on July 16th had its epicenter in Gaithersburg, Maryland.  While no damage was reported, it is a reminder that in the United States about 5,000 quakes strike each year.  “Since 1900, earthquakes have occurred in 39 U.S. states and caused damage in all 50″, according to the Insurance Information Institute (I.I.I.).

Earthquakes are not covered under standard homeowners or business insurance policies.

Coverage is usually available for earthquake damage in the form of an endorsement to a business or homeowners insurance policy or as a stand-alone policy, depending on the state in which you live.  Standard homeowners and business insurance policies may, however, cover losses from a fire following an earthquake, which would include additional living expenses and business interruption coverage.

Stock knocked off the shelves at a grocery store after an earthquake.  Does your business insurance provide coverage for this?

Call Rossmann-Hurt-Hoffman, Inc. today at 1-866-847-0449 and make sure that your home or business is covered for earthquakes.  A seldom thought of, but very real risk!

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