Does Your Small Business Have Enough Insurance Coverage?

 Here is an excerpt from a new blog post at GreggMarcus.com:

Oftentimes, small businesses take the brunt of natural disasters and other unexpected damages.  Whereas big businesses are fully insured, most small businesses are either with minimal coverage or are without coverage altogether.  The main issue comes from the fact that damages done by an incident such as a pipe burst can actually close a small business down.  Since many small businesses don’t have the coverage to pay off the damages, their company is left in distress and can go into serious debt or even close down.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform small business owners of ways that they can receive more coverage.
It is important that you are aware of your insurance coverage.  Call or get into contact with your insurance provider to confirm that your coverage is appropriate for the needs of you and your small business.  Insurance plans should provide coverage for not only property damage in case of an incident, but should also provide coverage for possible loss of revenue that could get damaged in the process.  Also, make sure that you ask many questions.  There is no such thing as asking too many questions, especially since you don’t want to miss anything when it comes to insurance.  It’s essential to understand the deductible, the coverage, and the policy limits of your insurance plan.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Five Factors That Affect Your Premium

Here is an excerpt from a new blog post at GreggMarcus.com:

 As many of you may know, there are plenty of factors that can affect the premium you pay on your homeowner’s insurance.  Being aware of these factors can help you lower your premium in no time.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform you of the five major factors that affect your premium.

First and foremost, the age of your home and the type of construction it possess have an enormous impact on what you will pay for your premium.  This is mainly because if you own a relatively new home, the structure and overall quality of the house is more reliable than that of an older home.  For this reason, insurance rates are lower for new homes as compared to old homes.  Structural features of a home, including up-to-date electrical wiring, recent plumbing, and having an HVAC (Heating, Ventilation, and Air Conditioning) system, can very easily lower your premium.

 To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Insuring Your Child at College

Here is an excerpt from a new blog post at GreggMarcus.com:


When your child is going off to college, insurance coverage can become the primary concern in a parent’s mind.  If your child is bringing a car with them to college and will be dorming as well, then your worries about coverage can be doubled.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to relieve some of your insurance coverage worries.
Many parents question how they can save money on insurance for their newly graduated child who is now heading to college.  If your son or daughter intends to take a car to college with him or her, you may have concerns about whether or not you should give them their own insurance plan in order to save money.  Although putting your child on a separate insurance plan may save you some money, it is always a better choice to keep your child on the family auto insurance plan because they will have more coverage in case of an accident.  Before heading off to college, it is essential that your child is fully covered by insurance, which the family auto plan will certainly allow for.  In order to save more money and receive more coverage from insurance providers, you could show proof of the student’s good grades and receive a “good student discount”.  Also, if your child is dorming a far distance away from your house, meaning 75 miles away or more, your insurance provider can add coverage and deduct from your insurance payments due to a “distant student discount”.  The option of keeping your child on the family auto plan is helpful in case your child decides to take the family car out for a ride when they are home from college.   In case of an emergency, your son or daughter may be asked to be the designated driver, in which case having all of the cars under one family plan would be beneficial to you.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Do You Have Enough Homeowner's Insurance?

Here is an excerpt from a new blog post at GreggMarcus.com:

There are multiple variables that determine the necessary amount of coverage for a homeowner.  More often than not, homes in the United States are undervalued, and as a result, do not have adequate insurance coverage.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform about the necessary coverage for homeowners under certain conditions.
The first underlying issue with homeowner’s insurance is that many people are unaware of how much their home is insured for and what kind of coverage they have.  This poses a big issue because if people are uncertain of their coverage, then how can they be aware of what they should be getting covered for?  Although basic homeowner insurance policies have what is known as liability protection, there are certain situations that call for additional coverage that is not provided by standard liability protection.  Liability protection provides coverage for any damage done to the home’s structure, coverage for valuable belongings, and coverage for any potential lawsuits pertaining to property damage or physical injury of persons residing in the home.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.  

Insurance Tips for Business Travelers

Here is an excerpt from a new blog post at GreggMarcus.com:


If you’re a business traveler, then you understand that spending constant time on the road can pose a lot of dangers.  This comes into play especially when driving a work vehicle that is not yours and is rather, a vehicle provided by your company.  Company cars possess a different insurance policy altogether, possibly leading to issues if you are unaware of the coverage that your company’s insurance provides.  In this article, Long Island Insurance Executive Gregg S. Marcus would like to give you some tips to ensure that you have coverage on the road as a business traveler.
The most efficient way to verify insurance coverage under your company’s business vehicle is to speak to your manager beforehand.  In doing so, you can be aware of exactly what your company’s auto insurance covers.  Also, it is important to be in touch with your insurance provider about what you are primarily using your own vehicle for.  If it so happens that the car you use for business is your own vehicle and not owned by your company, then it is important that you inform your insurance provider.  Factors including the type of car you own, your driving record, miles driven per year, and what you primarily use your car for will determine the premium that your auto insurer sets for you.  So, if your vehicle is primarily used for business purposes, it is essential that you make your insurance provider aware.  Otherwise, you could be paying more for your insurance than you should.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website. 

How to Get a Discount on Your Homeowner's Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:


When a homeowner first purchases his or her home, one of the primary concerns that come to mind is a newly acquired mortgage plan and how to go about obtaining homeowner’s insurance to go along with it.  Although quite necessary, homeowner’s insurance can be quite overwhelming at first—especially when first purchasing a home.  In this article, Long Island Insurance Executive Gregg S. Marcus intends to give some tips on how to get a discount on your homeowner’s insurance.
One of the simplest ways to obtain a discount on your homeowner’s insurance is to increase the safety of your home.  If an insurance carrier sees that you are taking safety precautions, they will lower your homeowner’s insurance knowing that you are less at risk for damages of the home and estate.  Installing safety devices makes it clear to your insurance provider that you and your home are less vulnerable to theft, fire, flood, and other disasters.  As a result, your insurance payments will be lowered because you are less at risk for incidents that would require coverage.  Also, in addition to receiving a discount for installing safety devices, you will also increase the overall worth of your home when you one day decide to sell it.  So either way, it is a win-win situation.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Why You Should Insure Your Home Based Business

 Here is an excerpt from a new blog post at GreggMarcus.com:

Many entrepreneurs working in home based businesses fail to think about insuring their business the way that they would insure their own home.  This can prose a huge issue, for they are leaving themselves susceptible to dangerous situations and are unknowingly risking the successes of their new business.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to advise entrepreneurs to insure their businesses.
The common misconception among the owners of home based businesses is that their homeowner’s insurance will cover any damages caused by their business. This is oftentimes false.  Just because the business takes place in one’s own home does not mean that the entrepreneur will be protected from business-related incidents.  For example, an entrepreneur selling graphic art that he produces would generally have thousands of dollars worth of computer equipment lying around in his or her home.  Due to the fact that the artist does business from his home, he is putting himself at risk of theft from potential customers.  This case scenario may not be covered by standard homeowner’s insurance.  Also, if one’s customer is injured in the process of using the entrepreneur’s product, they risk being held legally responsible.  For this reason, insuring your business, especially when home based, is extremely important to cover the unexpected.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.