From our Member: Joseph A. Zichittella, RPM Insurance Agency
Today I spoke about Business Owners Policies, Employment Practice Liability Insurance (EPLI) And Homeowners Insurance.
Business Owners Policies - I offer non auditable policies. This simply means the gross receipts for Restaurants, Pork Stores, Catering Halls etc. are not a factor in determining the premium. It is based on Public Access square footage and replacement cost value of Business Personal Property. We can add hired non owned and Umbrella (excess), Standalone EPLI policy. We also offer Cyber. Be sure, insure.
I have 20 companies to shop for auditable policies in case the business doesn’t qualify for non-auditable.
Employment Practice Liability Insurance - This coverage is emerging as most popular coverage due to recent law suits against Celebrities, Professionals and TV personalities.
It covers: Discrimination/Wrongful Termination, Third Party Liability, Retaliation, Wage and Hour, Harassment/ Sexual Harassment. This coverage is even broader-call for details.
Homeowners Insurance - There are many aspects to a Home Owners Policy. I recently had a client where the dwelling was underinsured. He said the Agent said that it includes inflation protection. You should inure the dwelling to value. The inflation protection is if a storm like Sandy would hit and materials skyrocket. Do not be underinsured.
When you have a lot to protect premium insurance is not a luxury, it is a necessity!
Joseph A. Zichittella
Independent Insurance Producer
RPM Insurance Agency an Acrisure, LLC Agency Partner
201 Edward Curry Avenue - Suite 201 | Staten Island, NY 10314
C: 917.273.5126 | P: 718.761.8900 | F: 718.761.9010
Last Wednesday, we learned about different types of insurance for large & small businesses from our member Joe Zichittella:
Cyber Insurance: Small businesses are more vulnerable now than ever before.Large businesses have IT monitoring services making it more difficult to penetrate. Malware, Phishing, Employee errors, dishonest employees and failure to update software are some reasons Cyber Insurance is necessary.
EPLI (employment practices liability insurance): Covers sexual harassment, improper firing, and biased pay scale can cause a problem to an employer.
Business Owners Policy: Covers Liability and Property. Replacement Cost Value is the only policy I offer. Actual cash value is defined RCV less depreciation equals ACV.
Workers Comp: Employees injured while working on job. We have direct carriers that are less expensive than the NYSIF and provide a much better service.
Be Sure, Insure with Joe Zichittella an Independent Insurance Producer representing RPM Insurance Agency an Acrisure LLC Partner. Call Joe at 718 761 8900.