Risk Management

Risk management is the process of identifying, analyzing, and prioritizing the various risks to which you are exposed and deciding how to proactively address them.  Most of us cannot realistically avoid risks such as driving a car or owning a home.  Instead we choose to transfer that risk to insurance companies by purchasing insurance policies. Insurance is only truly valuable when it responds after an unexpected loss. Paying for an insurance policy does not mean every type of loss is covered. Be sure you understand the coverage you are purchasing and ask questions if you do not. 

The most common losses people experience involve property and liability. One effective way of keeping your insurance costs down is by mitigating the potential for common losses so you do not have to claim them on your insurance.   

• Don't lend your car to inexperienced drivers or drivers you do not know
• Don't cosign auto or property leases or loans without understanding how this exposes you legally and financially
• Always use licensed and insured vendors to service your home and ask for a certificate of insurance naming you as a certificate holder and/or additional insured
• Do not host parties or events at your home without verifying the extent of your liability coverage with your agent
• Notify your agent immediately if you have changed the owner of any of your insured assets
• Keep your property free of dangerous debris and keep any attractive nuisances out of sight or securely locked.
• Keep all pets away from guests and do not allow guests to bring their pets onto your property