Desmond Insurance Blog
You might be aware that running a business entails a lot of risks. Instead of buying an insurace plan for each risk, which can be costly, getting a CPP can help you choose what you want and save a lot of money. Why? Most insurance companies will enable you to pay out lower premiums for Commercial Package Policy. CPP is a type of protection that covers multiple risks — property and liability risks.
Bellevue Insurance Executive Installed as Chair-Elect of Big I Kentucky Board
Louisville, KY – Big I Kentucky (BIG I KY), the state’s leading insurance trade association, has elected Kevin T. Desmond as Chair-Elect. His appointment took place at the association’s 123rd Annual Convention & Trade Show on November 21, 2019 at the Omni Hotel in Louisville, KY.
Desmond is President of Desmond Brothers, Inc. in Bellevue, Kentucky. He is a graduate of Newport Catholic High School and earned a Bachelor of Arts degree from Xavier University in 1977. He also currently serves as a member of BIG I KY’s Events, Foundation, Government Affairs and Industry Partner Committees and is a former Board Member of the Cincinnati chapter of the Juvenile Diabetes Research Foundation.
He and his wife, Karen, reside in Fort Thomas. Kevin has two daughters, Stephanie Wood and Jennifer Markus.
Also installed at the event were Ray Robertson, CIC as Chair and Whitney Floyd as Vice Chair. Robertson is Partner of Limestone Agency, LLC in Mt. Sterling. Floyd is Vice President of Field & Main Insurance in Henderson.
About Big I Kentucky - Big I Kentucky, formerly the Independent Insurance Agents of Kentucky (IIAK) is the largest insurance trade association in the state, with more than 300 insurance agencies, employing more than 3,000 people as its members. Independent agents offer customers a choice of policies from a variety of insurance companies. This diversity enables flexibility, customization, competitive pricing and advocacy for the end consumer. These agents offer all lines of personal and business insurance including – property, casualty, life and health, as well as employee benefit plans and retirement products. Big I Kentucky members are Trusted Choice® agents committed to providing a high level of responsive, ethical, courteous and personalized customer service. The organization was founded in 1896. For more information, visit www.iiak.org. Trusted Choice® agents can be found at www.TrustedChoice.com.
Most homebuyers avoid getting a used house that requires a lot of constructions and renovations. They want a new home where their family can obtain maximum comfort right away. But, it depends on what the seller offers. Some buyers can live with an unfinished house, and they handle the rest little by little. If you’re one of them, read this post to learn more about saving money when planning to own a new home.
You need commercial insurance for your commercial property in case a catastrophic event occurs on your property. Commercial property insurance is very important in case there's a great fire that consumed the buildings on your property or partly destroyed your hotel or restaurant facilities. When you have a commercial property, and you're buying commercial property insurance for the first time, remember these things.
No business is ever immune to accidents. Contractors encounter accidents anytime. Thus, it is essential that you have the right insurance coverage and that you know well which things your coverage does not include. If you’re a contractor, you need to ask the right questions in order to make sure that you have the coverage that perfectly suits your business.
In starting your own company, you might think that no one can dictate you because you are the boss. You are the boss of yourself, compete with yourself so that you can improve. While setting up a business, you will look for people to help you. Avoid toxic behaviors that can affect the way you work with people.
Starting a business can be considerably hard, especially if you’re starting from scratch. In planning for your business operation, make sure that you fully know your target market and your lines of product or service. Before delving in the industry, research types of insurance you can purchase. To save up on money, for starters, commercial package insurance is the perfect policy.
The Business Interruption Insurance covers loss of income, in case the business suffers after adversity. It is different from property insurance that only covers the disaster’s physical damage to the company. This kind of policy is not a stand-alone, but an additional coverage on your business property insurance.
Business owners who tend to purchase commercial package insurance must also seek for additional policies to adequately protect the business. The following explains why business interruption insurance is necessary:
Business owners tend to look at every possible way to trim the budget without risking the value and safety of the businesses. Running a business might increase the reputational and financial risk of the company, so it’s necessary to protect the market and the employees. However, some mistakes cost business owners to pay a lot for their business insurance.
If you are a contractor, you will start to become very busy when the project begins, and being prepared is necessary to guarantee that everything will run smoothly towards completion. To avoid issues that can hinder you from fulfilling your undertaking, consider these five commercial insurance trends for contractors and trades for your convenience: