The Best of 2019: Risk and Insurance Review | Hummel Group

The Best of 2019: Risk and Insurance Review

2019 Risk & Insurance Review

What is the standard measure to judge whether content is great or not? Is it shares, or comments, or views or even word-of-mouth? While there is probably not one answer to this, an argument could be made for total views. Think about shows or movies. To know if something is worthwhile you can see if people never get tired of re-watching it. Whether it's the hit television show Seinfeld or the classic movie Top Gun, most people never turn down an opportunity to watch Elaine do her signature “little kicks” dance or feeling “the need for speed” — even if they've already watched it 20 times. 

While we would never equate our recent insurance & risk management articles to these classic works of art, we were interested in…well…what interested you this year.

We combed through our 2019 articles here on our site, as well a video that certainly sparked conversations on the sidelines at our children’s games. Check out the articles our readers had on repeat.

PREVENT FROZEN PIPES IN YOUR HOME

When temperatures plummet, the risk of your pipes freezing and bursting skyrockets. In fact, burst pipes are one of the most common causes of property damage during frigid weather and can cause thousands in water damage—easily $5,000 or more [according to consumer reports] https://www.consumerreports.org/home-maintenance-repairs/how-to-keep-pip...

This quick video from Cincinnati Insurance provides some quick prevention tips.

AMISH TAXI INSURANCE

Because of the area we live in, we get a lot of questions about hauling Amish for hire. Often a client comes in to review their personal auto Insurance policy, casually mentioning that they haul Amish. They soon discover personal auto insurance policies do no cover this type of activity since it is a business activity. Personal auto insurance policies cover an individual driving their personal vehicle for personal use. Driving your vehicle for work or when you are getting paid in a “vehicle for hire” or “taxi service” situation, you open yourself up to a different set of liability risks. These different liability risks are rated differently and are not covered in the personal auto policy.

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SMARTVESTOR PRO

Hank Reifsnyder of Hummel Group's Orrville office took some time to talk about what it means to be a Smartvestor Professional and why he chose to become one. Check out the videos via the link below to learn more or check out our SmartVestor page here.

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CHRISTMAS TREE FIRES CAN TURN DEVASTATING AND DEADLY WITHIN SECONDS

You have probably seen this video before and most likely multiple times (see, good content on repeat!), but we wanted to highlight it here as a timely reminder this Holiday Season. 

EMPLOYEE DISHONESTY: INSURANCE COVERAGE FOR EMPLOYEE THEFT

Employee theft is generally defined as an employee’s unauthorized use, theft or misuse of business assets. According to the 2018 Report to the Nation by the Association of Certified Fraud Examiners (ACFE), worldwide estimates of employee theft and fraud reach to the trilliondollar level. Given the staggering financial loss estimates noted above, are you ready to examine your business’ exposure to risk and the ways in which to reduce your risk profile? The reality is every company faces some sort of employee theft risk, if left unmanaged. The good news is there are simple ways to protect your business from the risk of employee dishonesty and fraud.

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#1 FINANCIAL ADVISOR OFFICE AGAIN!

Hummel Group was once again ranked as the #1 office for the 8th year in a row. Due to this ranking, Financial Advisors Andrew Miller, Scott Nussbaum, Hank Reifsnyder, Trevor Hostetler, Andy Badertscher, Karl Schlabach and OSJ, Josh Hartzler were all invited to attend the ONESCO Institute.

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That concludes our 2019 recap. We thank you for “tuning in” to our content this year. We will continue to provide great content in 2020 and plan to produce even more along with more video as well. If you have questions or would like us to cover a topic or cause you care about, we would love to hear from you. Please reach out with any topics you would like us to address.

Happy Holidays from Hummel Group!