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