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Maximizing Year-End Momentum:
Strategic Planning for Small Businesses as 2023 Winds Down

As the year 2023 begins to draw to a close, it’s a pivotal time for small businesses to take a step back and conduct a comprehensive review of the year’s activities, successes, and areas for improvement.

This period of reflection is not just about looking back but also about planning forward, setting the stage for a prosperous and strategic new year. It’s the perfect opportunity to dive into the financials, reassess goals, and ensure that the business is on a trajectory for growth and adaptation in an ever-changing market.

By engaging in thoughtful planning and analysis, small businesses can position themselves to not only survive but thrive in the upcoming year.

Items to include in you small business planning:

1. Review Your Financials: Look at your profit and loss statements, balance sheets, and cash flow statements. Understand where your money went and identify any areas for improvement.
2. Review Your Business Insurance Plan:  Evaluate your existing business insurance plan to make sure it aligns with the risks and changes that occurred this past year. If your sales and/or payroll have increased, make sure to have a conversation with your insurance agent.  Proper planning now can prevent a surproise insurance audit at the end of your policy term.  Make sure you’re covered for any potential liabilities or damages.
3. Analyze Your Sales Data: Which products or services were hits? Which weren’t? Understanding customer preferences can help you make better decisions for inventory or service offerings in the coming year.
4. Evaluate Your Goals: Revisit the goals you set at the beginning of the year. Did you meet them? If not, why? Use this information to set realistic goals for the next year.
5. Update Your Business Plan: Markets and economies change. Make sure your business plan reflects the current state of your industry and includes any new goals or strategies.
6. Assess Your Team: Do you have the right people in place to achieve your goals? Consider if you need to hire, train, or make changes to your team.
7. Plan for Taxes: Consult with a tax professional to ensure you’re taking advantage of all tax benefits and to plan for your tax bill.
8. Review Your Marketing Strategy: What marketing efforts paid off this year? Which didn’t? Adjust your marketing plan accordingly.
9. Check Your Legal Compliance: Make sure all your licenses, permits, and insurance policies are up to date.
10. Set a Budget for Next Year: Based on your financial analysis, set a budget that supports your business goals.
11. Plan for the Unexpected: The past few years have taught us the importance of being prepared for unforeseen events. Consider what risks your business faces and how you can mitigate them.
12. Technology and Systems Review: Are there new tools or software that could make your business more efficient? Plan to invest in these technologies.
13. Customer Feedback: Gather feedback from your customers to see what you can improve. This can inform your product development and customer service strategies.
14. Personal Development: As a business owner, your personal growth is tied to your business’s growth. Plan to attend workshops, seminars, or courses that can enhance your skills.
15. Celebrate Your Successes: Don’t forget to acknowledge what you’ve done well. Celebrate your successes with your team.
16. Rest and Recharge: Finally, plan some downtime to rest and recharge. You’ll start the new year with more energy and a fresh perspective.

In Conclusion:

In wrapping up the year, it’s essential to not only focus on the strategic and operational aspects of your business but also to acknowledge the journey you’ve been on. The end of the year should be a time of celebration for the milestones achieved and the resilience shown. It’s a moment to appreciate your team’s hard work, to thank your customers for their loyalty, and to give yourself credit for steering the ship through another year.

As you finalize your plans, remember to carve out time for yourself and your employees to rest and rejuvenate. After all, the well-being of your team, including you as the leader, is foundational to the business’s success. With a well-rounded review and a refreshed outlook, you’re setting up your business for a dynamic start to the new year, ready to embrace new challenges and seize new opportunities.

Introduction to Custom Equipment Insurance

When you customize your vehicle, it becomes more than just a car; it’s a canvas where you express your style and showcase your passion for automotive excellence. But as you add each personalized touch, from sleek body kits to high-tech enhancements, the need for specialized auto insurance for your custom equipment becomes critical.

It’s vital to understand that standard auto insurance policies are not designed to cover these unique additions comprehensively. Most companyes will not automatically cover your custom auto parts.  There are some companies that do offer coverage for a small amount of  aftermarket modifications, typically $2,000 to $5,000 with their policies.  This is often insufficient for the true value of your custom work.

Understanding Your Coverage

• Standard Policies: The Basics
  • Covers the original state of the vehicle
  • Provides limited coverage for additional features
  • May not recognize the full value of high-end modifications
• Custom Equipment Coverage
  • Essential for protecting aftermarket investments
  • Ensures compensation reflects the actual value of custom parts
  • Offers peace of mind for custom equipment owners

Scheduling Your Custom Additions

The process of scheduling your custom equipment on your auto insurance policy involves several key steps:

• Itemizing Aftermarket Parts: Create a detailed list of all custom components, along with their monetary value.
• Appraisal and Documentation: Obtain professional appraisals and keep a visual record with photos, alongside purchase receipts and documentation.
• Policy Adjustment: Work with your insurance agent to adjust your policy, ensuring it accurately reflects the enhancements made to your vehicle.

The Importance of the Right Custom Equipment Insurance Coverage

Neglecting to properly insure your custom vehicle can lead to several risks:

• Financial Loss: Receiving insufficient payouts that don’t cover the cost of custom parts in the event of damage or theft.
• Emotional Distress: The potential loss of the unique elements that make your car special to you.
• Peace of Mind: The ability to enjoy your custom vehicle to the fullest, without the constant worry of financial loss.

Maintaining an Open Line with Your Insurance Agent

Effective communication with your insurance agent is essential for maintaining proper insurance coverage:

• Regular Communication: Keep your agent in the loop about every new modification to ensure your policy remains up-to-date.
• Policy Evolution: Understand that as your vehicle evolves with new custom parts, your insurance policy should evolve as well.
• Professional Guidance: Leverage the expertise of your agent to learn about the specifics of custom equipment insurance.  And get the best possible coverage for your car.

Custom auto equipment can range from performance enhancements to aesthetic modifications.

Here are some common types of vehicle customization:

Performance Parts:

• • Cold Air Intakes: These allow the engine to take in more air, which can improve combustion and increase horsepower.
  • Exhaust Systems: Upgraded exhaust systems can improve the flow of exhaust gases, enhance sound, and potentially increase performance.
  • Turbochargers and Superchargers: These force more air into the engine’s combustion chamber, increasing power.
  • Performance Chips and Tuners: These modify the vehicle’s computer settings to increase power, torque, and sometimes fuel efficiency.

Wheels and Tires:

• • Custom Rims: These can change the look of a car and, depending on the material, may reduce weight for better performance.
  • Performance Tires: Tires made for better grip on the road can improve handling and safety.

Suspension Upgrades:

• • Lowering Springs or Coilovers: These can lower the car’s center of gravity, improving handling.
  • Lift Kits: For trucks and SUVs, lifting the vehicle can increase ground clearance for off-road driving.

Aesthetic Modifications:

• • Body Kits: These can include new bumpers, side skirts, and spoilers to change the vehicle’s appearance and sometimes improve aerodynamics.
  • Vinyl Wraps and Custom Paint Jobs: A way to change the car’s

Conclusion: Protect Your Passion With Custom Equipment Insurance

Your custom vehicle represents your passion to automotive culture and personal expression. To ensure that every custom detail is protected:

• Proactively Schedule: Take the initiative to list all custom parts on your auto insurance policy.
• Update Regularly: As your vehicle receives new upgrades, make sure your policy reflects these changes.
• Enjoy with Confidence: With comprehensive coverage, you can drive freely, knowing that your investment and passion are fully protected.

By embracing these practices, you not only safeguard your financial investment but also the intrinsic value of your vehicle’s custom features. Comprehensive insurance for custom equipment is not just a smart financial decision—it’s an essential safeguard for every car enthusiast’s pride and joy. With the right coverage, you can hit the road with confidence, secure in the knowledge that your unique vehicle is protected in every aspect.

Hey there, homeowner!

As the days shorten and the thermostat dips, there’s more to think about than holiday planning and what cozy sweater to wear. If you’re the proud owner of a secondary or vacant home, there’s a crucial task you need to tackle: winterization. Winterizing your second home is a crucial part in preparing for winter.

Ignoring this can result in substantial damage that could cost thousands in repairs. But no worries! We’ve got the scoop on why it’s so important and a handy list of the top 10 things to do to ensure your property weathers the winter unscathed.

Why Winterize Your Second Home?

The main goal of winterizing is to safeguard your home from the ravages of winter weather, such as frozen pipes, which can burst and flood your home; ice dams, which can cause roof leaks; and other potential catastrophes due to plummeting temperatures, snow, and ice. Without a regular presence, these issues can escalate unnoticed and cause significant damage before they’re detected. Properly winterizing your home helps preserve your investment, ensuring it’s ready for use when warmer days return or if you’re planning to rent or sell.

Top 10 Steps For Winterizing Your Second Home

Thermostat Management:

Set your thermostat to at least 55°F (12°C). This helps keep the interior temperature stable and prevents pipes from freezing, even when the temperature outside takes a nosedive.  The last thing you want is to find a house full of water and mold when you return to your second home next spring.

Plumbing Care:

Drain water from pipes and plumbing systems. Turn off the main water supply, then open all faucets, and flush toilets to clear water from the lines. Don’t forget about draining the water heater and expansion tank.  Even though you have your thermostat set at 55 degrees, it is a great idea to turn off the water and drain your pipes.  Power outages happen.  And you do not want to find a big mess when you come back in the spring.

Insulation Is Key:

Insulate vulnerable pipes, especially those in unheated areas like crawl spaces, garages, and attics. Foam pipe insulation or heat tape can provide an extra layer of protection.

Seal the Deal:

Check for drafts around doors and windows. Seal any leaks with caulking or weatherstripping to keep the cold out and the heat in.

Gutter Talk:

Clean gutters and downspouts to prevent ice dams from forming. Clogged gutters can lead to water buildup, causing damage to your roof and walls.

Roof Inspection:

Inspect your roof for damaged or missing shingles and make necessary repairs. A well-maintained roof is your home’s first defense against winter storms.

Chimney and Fireplace Care:

If your property has a fireplace, get the chimney inspected and cleaned by a professional. Close the damper to prevent drafts and critters from entering.

Pest-Proofing:

Cold weather drives pests indoors. Block their entry by covering vents with wire mesh, covering or repairing holes and cracks, and placing mothballs or natural deterrents in key areas.

Power Down:

Unplug all non-essential appliances to protect them from power surges and reduce risks from electrical fires. Consider shutting off the breakers if the house will remain vacant or unoccupied all winter.

Home Security:

Ensure your home security system is active and alert local authorities and neighbors that the property will be vacant. An option like a smart security system allows you to monitor your property remotely.

Remember, each house has its unique needs, so consider a professional inspection to identify any not-so-obvious vulnerabilities. Winterizing is an investment in peace of mind. By taking these steps, you’ll avoid the springtime heartache of costly repairs, and your second home will remain your sanctuary for relaxation or revenue for years to come. Stay warm out there!

Contact Huff Insurance With Any Questions About Winterizing Your Second Home

If you have a secondary home or a vacant home, please feel free to give us a call.  One of our experienced team members will work with you to make sure that your insurance plan is properly protceting you.  Call us at 410-647-1111 today.

The Importance of Workers’ Compensation Insurance for Solo Entrepreneurs (Solopreneurs)

Being a solo entrepreneur, often called a “solopreneur,” means you’re in charge of every aspect of your business. It’s an exciting journey, filled with the freedom to make decisions and shape your own path. However, with that freedom comes responsibility and challenges that can’t be ignored.

One of the often-overlooked aspects for solopreneurs is the need for workers’ compensation insurance. It might seem unnecessary at first, especially when you’re working alone, but it’s a crucial safety net.  The average person believes that since the state does not require solopreneurs to carry workers compensation insurance, it means that they do not need it.

The fact that you are reading this blog shows me that you are not the average person.  You understand that just because something is not required does not mean that you do not need it.

Here’s a deeper look into its importance and why every solopreneur should consider workers compensation insurance.

Accidents Happen:

Even when working solo, the unexpected can occur. From a simple trip over a wire to more severe accidents related to your business activities, injuries are unpredictable. Medical treatments can be expensive, and without a steady income, the financial strain can be immense. This is where workers’ compensation for solopreneurs becomes invaluable. It ensures that medical expenses are covered, and during recovery, a portion of your income is replaced, helping you stay afloat.  You can think of the workers compensation insurance as an on the job disability insurance policy.

Money Matters:

Consider a scenario where an injury sidelines you for an extended period. With you being unable to work, your business will most likely not be able to generate any income.  With no income, how would you manage your bills, both personal and business-related?

Workers’ compensation acts as a financial cushion, providing you with a percentage of your usual earnings. This assistance can be the difference between keeping your business dreams alive and facing insurmountable debt.

Workers Compensation Insurance for Solopreneurs Provides Peace of Mind:

Your entrepreneurial journey is already filled with uncertainties. Adding the constant worry of potential injuries and your financial implications can be overwhelming. Workers’ compensation for solopreneurs offers peace of mind. With this insurance, you can concentrate on growing and managing your business, knowing that you’re protected should the unexpected happen.

Looking Professional:

Professionalism isn’t just about how you conduct your business; it’s also about how you prepare for uncertainties. Having workers’ compensation insurance showcases to clients, partners, and competitors that you’re serious about your business. It signals that you’ve considered all aspects, including potential risks, and have taken steps to address them.

Growing Your Business:

As your business evolves, you might consider hiring additional help, even if it’s temporary. Having workers’ compensation insurance in place simplifies this transition. It ensures you’re compliant with regulations, making the hiring process smoother and more efficient.

Avoiding Legal Trouble:

In the unfortunate event of a work-related injury, having workers’ compensation insurance can shield you from potential legal complications. Typically, when benefits are claimed, the right to sue the business is waived. This protection can save solopreneurs from costly legal battles and the potential harm to their business reputation.

More Than Just Injuries:

Workers’ compensation isn’t limited to physical injuries. If you fall ill due to work-related activities or are exposed to conditions detrimental to your health, this insurance can be a lifesaver. For solopreneurs working in environments with inherent health risks, such as exposure to chemicals or prolonged screen time, this coverage is crucial.

Stand Out from the Crowd:

In today’s competitive market, every advantage counts. Workers’ compensation for solopreneurs can be a unique selling point. It demonstrates foresight, responsibility, and a commitment to ethical business practices, making your business more appealing to potential clients and partners.  When submitting a bid for a job or project, having the workers compensation insurance in place can make your bid look more attractive.

It’s the Right Thing to Do:

Being a solopreneur means taking responsibility for every part of your business, including your well-being. Ensuring you have workers’ compensation reflects a commitment to safeguarding yourself. It’s not just a strategic move; it’s a testament to responsible entrepreneurship.

Workers Compensation Insurance for Solopreneurs In Conclusion:

Embarking on the solopreneur journey is commendable. It’s a path filled with challenges, but with the right preparations, it can be incredibly rewarding. Workers’ compensation for solopreneurs is more than just an insurance policy; it’s a commitment to ensuring the journey continues, regardless of the hurdles. With this protection, you can focus on their passion, knowing you may shielded from unforeseen setbacks.

Why Huff Insurance?

When considering workers’ compensation for solopreneurs, Huff Insurance stands out. With ove 60 years of expertise, we offer customized solutions tailored to individual needs. Our dedicated team ensures a hassle-free experience, from policy selection to claim processing. Partnering with Huff Insurance means not just getting a policy but investing in a relationship that prioritizes your business’s well-being.

Call us today at 410-647-1111.

Beware of Online Insurance Traps!

Buying online insurance is easy and fast. But sometimes, things that seem too good to be true are just that. Let’s uncover some common tricks and see why picking a trustworthy name, like Huff Insurance, makes a big difference.

Online Insurance: What’s the Catch?

Many online insurance companies try to grab your attention with flashy offers:

1. Quick Discounts: Some give you a discount if you sign up online.  These discounts fall off after the initial 6 month policy term in most cases.
2. Name Your Price Tool: The name your price tool might get their price where you want it.  But to do so, they online insurance company will manipulate the coverage to get to that price.
3. Only Pay For What You Need: This one makes me laugh every time I hear the commercial.  How do you know how much insurance you need ahead of time?  If you at fault in an accident, you will not know how big the lawsuit will be until it is served to you.
4. Comparison Tools: They say they’ll compare all options, but sometimes, they just show their best ones.
5. Short-term Discounts: A nice discount that ends quickly, leaving you with higher costs later.  They will apply a discount only for the first 6 month policy term.  Then at renewal, it comes off and your premium gets higher.  They count on you just automatically renewing the policy and not cancelling.
6. Auto-renewal: Some increase your price slowly, hoping you won’t notice.
7. “Limited Time” Offers: They rush you to buy, even if the deal is always there.
8. Leaving Out Details: They might not tell you everything upfront, making their deal look better.  Check out several of these examples in the next section.

The Numbers Game

Here’s how some online insurance companies make their offers look cheap:

1. 6 Month Policies: Almost every online insurance company issues their polices with 6 month policy terms.  They are not the best at making sure you know that.  I cannot tell you how many times we have clients coming in saying they got a cheaper quote online by almost 50%.  When we review the quote, we point out that the quote is for a six month policy and ours is twelve months.  So doubling their six month premium usually takes away most or all of any savings.  And, since it is six months, they will have a “discount” that falls off at the end of the first sic months.  So the second six months will be higher that the first.  So the premium is more than doubling the initial six month term. premium.
2. The Bare Minimum Coverage: They show the least insurance you can legally have. It might not be enough if there’s a big accident.
3. High Deductibles: Your insurance seems cheap, but if there’s an accident, you pay a lot before insurance helps out.  We have seen online insurance companies raise comprehensive and collision deductibles as high as $5,000.  If you have a loan on your car, the bank may not accept those deductibles and make you lower them.  Most banks will not accept deductibles higher than $2,500.
4. Missing Coverages: Some things might not be covered unless you pay more.  They typically leave off medical payments coverage, rental car coverage, or roadside assistance coverage to give you the upfront premium savings that they promise.
5. Limiting PIP Coverage: This is one coverage that the online insurance companies always limit.  This can make the price lower, but it’s risky if you get hurt.
6. Limiting Other Coverages: They might cut corners on insurance for accidents with drivers who have little or no insurance.  Lowering your uninsured motorist coverage may appear to be a big deal, but with all of the uninsured drivers on the roads, it is a huge deal.
7. Not Pulling Claims History or MVR Reports Up Front: Several of the online insurance companies are famous for not pulling driving history records up front.  They will pull them after they issue and you pay for the policy.  Then if there are any tickets or accidents found, they will raise your rates at that time and hope that you will just pay it and not cancel your policy.  With our companies, these reports are pulled before we issue the policy, so you know the real premium before you pay.

Do I Need More Protection if I Don’t Own a Home?

Some online insurance companies will say if you don’t have a house, you don’t need higher insurance limits. That’s simply not right! Everyone should think about having higher limits. Here’s why:

• Protecting Your Money: If you cause a big accident, you might have to pay for it, even with future earnings.  Most people think the biggest asset they have is a house.  When in fact, your biggest asset is your future earnings potential.
• Not Just Houses: It’s about all your stuff and money, not just houses.
• Medical Bills: If you hurt someone in an accident, their medical bills can be huge.
• Legal Costs: Good insurance can help if there are legal problems.  If you have low limits that gets used up fast, the insurance company stops defending you.  That’s right, they only have to provide legal defense up to the point that they use their policy coverage limits.  So you can be left with hefty legal bills defending a lawsuit that is larger than your policy limits.
• Sleep Easy: Knowing you’re covered well means fewer worries.
• Small Price Jump: Adding more protection doesn’t cost much more.  Reducing coverage does not save the premiums in proportion to the coverage decrease.  So if you cut your coverage in half, you are not going to save half of your premium.

Why Choose Huff Insurance?

With all this info, where should you turn? Huff Insurance is the answer.

These online insurance companies try to tell the public that they have cheaper rates because they do not have to pay us agents a commission.  That may sound logical, but they much more money in advertising that our companies pay us in commission.  And they pay a lot for the celebrities that they pay to be in their flashy commercials.  So instead of paying a local business owner who supports their community, they’d rather pay a multi millionaire who probably doe not even know your community exists.

We are a local, family owned and operated Trusted Choice™ independent insurance agency.  And we support our community.  We will customize an insurance plan to meet your protection needs.

Insurance is about being safe and ready for the future. With Huff Insurance, you’re not just another number. We really care and want to understand what you need. We make sure you’re protected, not just on paper.

No matter what you need to insure, Huff Insurance is there. We’ll help and guide you, making sure you get the best for you.

To Wrap Up

Buying online insurance may seem easy, but be careful. The cheapest option might not be the best for you. Knowing what you’re getting and why you need it is key. And remember, when in doubt, Huff Insurance is a name you can trust. They’re more than just insurance; they’re peace of mind.

Gutter cleaning can save you a lot of headaches for your home

Gutters can be easy to overlook. But they can get clogged with decaying leaves and other organic matter, leading to damage and expensive repairs that your home insurance won’t cover.  Regular gutter cleaning can prevent these issues.

Inspecting and cleaning your home’s gutters is crucial

Here are some top reasons gutter maintenance is a big deal for your home and budget.

Prevents roof, siding and foundation damage

Clogged gutters mean water can’t drain away from your home, leading to water overflow. Water that flows toward your house or pools can cause severe damage to the roof, siding and foundation.

Deters basement flooding

Clogged gutters can’t effectively direct rainwater away from your home. This can lead to basement flooding and mold growth.

Discourages pests from moving in

Gutters filled with decaying leaves are attractive to pests such as insects, birds and rodents. Over time, these pests can invade your home, causing damage and costly extermination expenses. Home insurance doesn’t cover infestations.

Protects your landscaping

Misdirected rainwater from clogged gutters can wash away or drown your plants, or erode your soil. That can drain your property’s curb appeal and your bank account.

Keeps your gutters in place

The extra weight of blocked gutters can cause them to pull away from the house, damaging your roofline, fascia and soffits. Simple gutter maintenance can help prevent expensive repairs down the road.

Reduces ice dams

Clogged gutters can fill with water and freeze in colder months, forming ice dams. Ice dams can force water underneath your roof shingles, causing rot and leaks. They also add weight to your roof, causing premature wear and risk of collapse.

If you make an insurance claim for home damage

Insurance doesn’t cover damage resulting from lack of maintenance or misuse. Damage caused by dirty gutters is a hard sell for insurance claims.

If you make a claim, your insurance company will send a claims adjuster to inspect the damage. They’ll look for patterns to find a root cause of the loss. They’ll deny the claim if they find evidence that gutters were the culprit.

You can appeal the claim denial, but you’ll need proof to bolster your case. Hiring an independent insurance adjuster can help. An independent adjuster isn’t associated with your insurance company and works for you. They’ll evaluate the damage, take pictures, review the wording in your policy and help you with your appeal. Just make sure to appeal within the period specified in your claim denial letter, usually 14 days.

Gutter cleaning supplies

If you’re cleaning your gutters, have these tools on hand:

• An extension ladder. Never use a damaged or worn ladder. You risk falling and injuring yourself.
• A standoff stabilizer. Stabilizers keep ladders from wobbling and protect gutters from the weight of the ladder leaning on them.
• A dust mask. Use a high-quality respirator, like an N95, to filter out small particles and mold spores.
• A tarp or ladder utility bucket. Placing a tarp on the ground near the ladder makes debris cleanup easier. If you use a bucket, make certain it’s safe to hook onto your ladder.
• Goggles. Use wrap-around goggles to keep debris from falling into your eyes. If you use a face shield to protect your face, wear goggles underneath for complete eye protection.
• Gloves. Choose sturdy rubber or synthetic-coated gloves that you’re comfortable in and that protect your hands from sharp debris. Beware of latex allergies when choosing gloves.
• Nonskid shoes. Choose closed-toe shoes with nonskid rubber soles for a solid grip on ladder treads.

Ladder safety tips

• Invest in a quality ladder.  You might have different ladders for different jobs in your home. Outdoor work requires an extension ladder with anti-slip feet. Inspect your ladder every time you use it. If it’s damaged, discard it.
• Check the ladder’s weight rating. Make sure it can hold your weight and the added weight of the materials you’ll be transporting. For example, if you decide to paint your gutters after you clean them, you’ll need to factor in the added weight of the paint cans.
• Maintain three points of contact on the ladder.  If you have to reach or lean so far that both hands leave the ladder, it’s time to dismount and reposition it. Get a friend or family member to hold the ladder and monitor your safety.
• Choose a grounded or fiberglass ladder that doesn’t conduct electricity. This will help prevent electrocution. But don’t be lulled into a false sense of safety because your ladder is nonconductive. You can still get electrocuted by an arc flash.
• Before you set up your ladder, check the area for power lines. Stay at least 10 feet away from overhead power lines. You don’t have to make contact with overhead electrical lines to be in danger. Electricity can jump its intended conduction path (the power line) and travel through the air in search of a new conductor, similar to how lightning travels the air. It’s called an arc flash, and it could kill you. If you must work near power lines, contact the utility company to discuss your project.
• Never use a pressure washer while on a ladder. Only use pressure washers while standing on the ground. Pro tip: If you’re using a cleaning solution in your pressure washer, make sure it’s safe to use around plants and shrubs.

Hire a professional and check the insurance

If heights and ladders aren’t for you, hire a professional.

Gutter cleaning services generally cost anywhere between $70 and $600, depending on the number of stories your house has and the complexity of your gutter system. A reputable contractor will have the right insurance coverage, but verify they have it.  Ask them for a certificate of insurance.  Ensure your home liability insurance is active, too.

Make gutter cleaning part of your home maintenance routine, particularly after your trees shed their leaves. You’ll prevent expensive problems and help maintain the structural integrity of your house. That’s a good return on investment!

The Importance of Adding Returning Household Members as Drivers on Your Auto Insurance Policy

In today’s world, it’s common for family members to move back into the family home. Whether it’s adult children returning after college, parents moving in for care and companionship, or other relatives seeking a temporary or permanent residence, the family household can often expand. While this can be a joyous reunion, there’s an often-overlooked aspect that needs attention: adding them as drivers on your auto insurance.

Why Add Returning Members to Your Auto Insurance?

1. Legal Requirement: In many states it’s a legal requirement to inform your insurance company about all household members and regular drivers of a vehicle. If someone is living in your household or someone frequently drives your car, they should be listed on the policy.
2. Coverage Assurance: If an unlisted driver gets into an accident, there’s a risk that the insurance company might deny the claim. This could leave you with hefty bills for repairs, medical expenses, and potential legal fees.
3. Accurate Risk Assessment: Insurance premiums are calculated based on risk. By informing the insurance company about all drivers, they can assess the risk accurately and provide a policy that truly covers your needs.

Consequences of Not Adding a Driver

1. Claim Denial:  One of the most immediate consequences of not adding a resident driver to your policy is the potential denial of a claim. If an unlisted driver is driving during an accident, the insurance company might refuse to cover damages.  In Maryland, most insurance companies will not pay for collision damage to your vehicle in this scenario.
2. Policy Cancellation: Repeated offenses or a significant claim can lead to the insurance company canceling your auto insurance policy altogether. This can make it challenging to find another insurer willing to cover you, especially at a reasonable rate.
3. Increased Premiums: If the insurance company discovers an unlisted driver and doesn’t cancel the policy, they might significantly increase your premiums. This adjustment could be retroactive, meaning you could owe a substantial amount for past coverage.
4. Legal Implications:  Depending on where you live, failing to list a regular driver can be considered insurance fraud.  This can lead to potential legal consequences.
5. Financial Burden: Without insurance coverage, you’ll be personally responsible for all costs associated with an accident. This includes repairs to your vehicle, the other party’s damages, medical bills, and potential legal fees if you’re sued.

In Conclusion

It might be tempting to save a few dollars on your monthly premium by not listing all drivers.  But the potential consequences far outweigh the savings. It’s essential to keep your auto insurance policy up-to-date with all regular drivers in your household.

This will this ensure that you’re covered in the event of an accident.  And, it also keeps you compliant with  your insurance agreement. So, as your family dynamics change, make sure to give your insurance agent a call. It’s a small step that can save you a world of trouble down the road.

Contact Huff Insurance

If you have any questions about this topic, or any other insurance topic, please give us a call at 410-647-1111.   Our team of knowledgeable agents is always available to help you make the best insurance decisions for you and your family. Thank you for considering Huff Insurance. We look forward to working with you soon!

The need for flood insurance for your business

Flood Insurance- You need to consider the increased risk of flooding

When thinking about flood insurance for your business, you may think if you are not by a body of water you don’t need it.  But think again!  Fill out the enclosed form to get a flood insurance quote today.

Recently floods in Vermont, Oklahoma and Kentucky have proven otherwise.  These are landlock states that experienced heavy rainfall that led to flooding and widespread devastation.

According to a report from the First Street Foundation, intense rain events, like atmospheric rivers and torrential thunderstorms are making the idea of a “1-in 100- Year flood event” obsolete.

The Northeast is one of the areas that the First Street Foundation is most concerned.  The rainfall depths for a 1-in-100-year event could happen far more frequently and they estimate it could be ever 5-10 years.

We used to worry about flooding only when there was a hurricane.  Now more flooding is being caused by intense rainfall, which causes inland flooding.

Flooding can happen anywhere and it’s a year-round risk. Poor drainage, summer storms, melting snow, flash rains, nearby construction and broken water mains can all lead to damage and loss of property.

Just 1 inch of floodwater can cause up to $25,000 worth of damage, according to the National Flood Insurance Program

What is a flood?

According to NFIP, a flood is “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) due to:

• Overflow of inland or tidal waters
• Unusual and rapid accumulation or runoff of surface waters from any source
• Mudflow
• Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical level that result in a flood as defined above.

Most commercial property insurance does not cover Flood damage.   To protect your building or personal property you would need to have a separate flood policy.

Floods are one of the most common and expensive natural disasters that can affect every region and state. Other reasons you may want to consider commercial flood insurance:

Over 20% of flood claims come from properties outside high-risk flood zones.

Wildfires can change the landscape and ground conditions in your area, so future rainfall can cause flash flooding.

Storms aren’t the sole cause of flooding.

A broken dam or levee or new building development that changes the flow of water in your area are just a few ways that can trigger a flood.

Some commercial property policies even exclude water backup from sump pumps and drains if it is caused by a flood.

It is important to purchase a separate flood policy to have this protection.

When it comes to flood insurance you have a few options:

1. NFIP offers coverage up to $500,000 for the building and $500,000 for contents. This is the government program.
2. Excess flood policies can add additional limits over the NFIP.
3. There are also private flood markets that have higher limits and broader coverages, some include business income due to the flood as well.

There is a 30 day wait before flood coverage would be active after the application is completed.   You cannot wait for the rain to fall to get your flood insurance

Let me ask you a hypothetical question:

“Would your business re-open after a flood?” (Forget, for a moment, the odds of a flood.)

Nationwide 40% of small businesses DO NOT re-open, according to federal government statistics.

The reason businesses fail to get on their feet again is there is no FLOOD insurance financing the recovery.

I can’t emphasize this enough: only a flood insurance policy covers damage to buildings and contents caused by a flood. Flood can be rising tidal waters, or it can be a water main or it can be storm runoff that affects 2 or more adjoining properties.

Your business doesn’t have to be washed away in a tidal storm to put the “kabash” on your future.

Only a few inches of water will cause you a major financial setback. In fact, the average flood claim to a covered business was more than $75,000 in 2007 thru 2011.

Commercial flood insurance is different than flood insurance for a house. Through the National Flood Insurance Plan (NFIP) you can buy up to $500,000 of building coverage and up to $500,000 for business property.

Remember Superstorm Sandy? 

Many of the businesses affected where those far from the coast and did not have flood insurance.  We do not want to see your business suffer the same fate as those businesses.

Contact Huff Insurance

Don’t forget that we are here to help you stay in business after a claim. We can’t do much for you after a flood, though, unless you’ve got the coverage.

By the way, it’s not as expensive as you might think.

Call us at 410-647-1111 or fill out hte quote request form on this page and we will be glad to help you protect your business.

Life Insurance Awareness Month: A Guide for Business Owners

September marks Life Insurance Awareness Month.  A time dedicated to highlighting the importance of life insurance and its role in protecting our loved ones and our assets. Most people recognize the personal benefits of life insurance.  But many business owners overlook the many advantages it offers to their businesses.

This article delves into the various roles life insurance can play for business owners.  And why it’s an essential tool in their financial toolkit.

1. Key Person Life Insurance for Business Owners

Every business has its key people – individuals whose contributions are so vital that their sudden absence would severely impact the company’s operations.  This could be the CEO, a top salesperson, or a lead developer. Key person insurance compensates a business for the financial loss incurred due to the unexpected death or incapacitation of such crucial personnel. The payout can help the company through the challenging transition period.  Covering expenses like; hiring a replacement or training a team member to take over the role.

2. Business Continuation and Succession Planning

For businesses, especially family-owned ones, succession planning is crucial. Life insurance can fund a buy-sell agreement.  This will ensure that the remaining partners have the money to buy out the deceased partner’s share. This not only ensures the continuity of the business but also guarantees that the deceased’s family receives a fair value for their stake.

3. Collateral for Business Loans

Growing businesses often require loans for expansion.  And lenders typically seek collateral.  A life insurance policy can serve as collateral for a loan.   What this does is asure the lender that the loan will be repaid, even if the business owner passes away unexpectedly.

We insure hundreds of small business in Maryland and the Mid Atlantic region.  We frequently see the banks and lenders asking for a life insurance policy from our clients as collateral for their loans.   Many times, these loans are crucial for the success of the business.  And life insurance can make the difference between securing a loan or being turned down.

4. Enhancing Employee Benefits with Life Insurance

A competitive benefits package attracts and retains top talent. Offering life insurance as part of the employee benefits can make a business more appealing to potential hires. Moreover, group life insurance policies can often be obtained at a discounted rate, making it a cost-effective strategy for business owners.

5. Protecting Personal and Family Interests

As a business owner, you likely pour your personal savings into your ventures. A life insurance policy ensures that, in the event of a untimely demise, your family’s financial needs are met.   Life insurance can make sure that debts are cleared and the business can continue without resorting to a distress sale.

Wrap Up:

Life Insurance Awareness Month serves as a timely reminder for business owners to evaluate their insurance needs. Life insurance is not just a personal financial tool.  It’s a versatile instrument that can ensure the stability, growth, and continuity of a business.

As a business owner, investing in life insurance is not just about safeguarding your family’s future.  But also about protecting your life’s work, your employees, and your legacy.

Contact Huff Insurance

If you have any questions or want more information, let us know.  Call us at 410-647-1111 or fill out the quote request on ths page.

Huff Insurance  is here to make sure that your business has the right life insurance coverage in place.

We look forward to working with you!

Does owning a home dictate how much your auto insurance liability limits should be?

We recently had a client move their auto insurance to an online competitor.  When clients leave us, we like to have a conversation as to why and what we could do better in the future.  What she told us was a bit surprising.  She stated that the online carrier representative told her that she did not need the higher liability limits on her auto policy because she did not own a home.

They said what?

That’s right.  She was talked into lowering her liability limits to state minimum limits because the rep told her she did not need the higher limits.

The suggestion that individuals who don’t own a home don’t need higher liability limits is misleading. Liability coverage is not solely about protecting physical assets like a home; it’s about protecting oneself from financial devastation due to significant liability claims.

Here’s why everyone, homeowner or not, should consider higher liability limits:

• Future Earnings at Risk:  Even if someone doesn’t have substantial assets now, a court can order wage garnishment to satisfy a judgment.  This means future earnings could be at risk if involved in a serious accident where they’re deemed at fault and the damages exceed their liability limits.
• Asset Protection: While a home is a significant asset, it’s not the only one. Savings, investments, personal property, and even future assets can be targeted in a lawsuit.
• Medical Bills Can Be Expensive: If an individual is found at fault in an accident that results in severe injuries to another party, the medical bills can quickly exceed low liability limits. The at-fault party would then be responsible for covering the excess out-of-pocket.
• Legal Costs: Legal defense costs can add up quickly, even if the insured is found not at fault. Higher liability limits often mean the insurance company will invest more in the legal defense. This is because they have more at stake.
• Peace of Mind: Having adequate coverage brings peace of mind, knowing that you’re protected from unexpected financial burdens.
• Cost to Increase is Often Minimal: In many cases, the cost to increase liability limits is not exorbitant. The additional protection provided is often worth the modest increase in premium.

Evaluate your insurance needs

It’s true that individuals with significant assets, including homeowners, often have more at risk.   Therefore, they might be advised to carry higher liability limits.

But it’s a mistake to think that those without substantial assets don’t also need robust protection. Everyone should evaluate their financial situation, potential future earnings, and risk tolerance when deciding on liability coverage.

Most people think that their biggest asset is their home.  Because that is what we are told by the TV commercials from the realtors, mortgage brokers and investment advisors.  But in reality, our biggest asset is our income and our ability to earn and keep our income.

Think about it.  Someone making $50,000 over the next 30 years will make $1,500,000, assuming no raises.  With cost of living increases, that number could easily double to $3,000,000.

Higher liability limits not only protects your physical assets, but it also protects your future income.

Why contact Huff Insurance?

At the end of the day, insurance is more than just a policy; it’s about securing peace of mind and safeguarding your future.

Huff Insurance has years of expertise and commitment to our clients.  We offer not just coverage, but a partnership in your protection.

Our team goes the extra mile to understand individual needs, ensuring that you’re not just insured, but well-protected.

Whether it’s for your home, auto, or any other valuable asset, reaching out to Huff Insurance is a smart step toward robust and reliable insurance protection

Call us today at 410-647-1111.