Renters Insurance If you are a renter, you have probably considered purchasing renters insurance. While you may have concerns about adding another insurance policy to your budget, renters insurance is more affordable and important than you may think. Imagine coming home and finding your apartment or rental has been gutted by a fire, or perhaps burglarized. Most renters incorrectly assume their items would be covered under the homeowner’s insurance policy. This is only true if any damage that occurs is due to neglect of the landlord. If the robbery or fire were not technically due to landlord negligence, then their insurance policy would only cover the physical structure of the property and not any of your personal belongings inside. If you were in fact the victim of a robbery or fire, would you financially be able to recoup everything you have lost? For most people, this would cause a serious financial and emotional strain. 

 

There is one way, however, to protect yourself – by purchasing a renters insurance policy with the proper level of coverage for your lifestyle and belongings. MHG Insurance Brokers has helped people find the proper rental insurance policy that fits their needs and budget. Most people are surprised to learn just how cheap renters insurance is, considering how valuable the policy can be if the situation arises. Many policies range as little as 10 dollars per month, depending on the area you live and the amount of coverage you desire. 

Our skilled insurance brokers can explain to you the details of a standard renters insurance policy. Depending on your personal situation, there are also insurance add-ons that can supplement the standard policy. These add-ons usually have an additional cost and include:

  • Full-replacement Cost Coverage – Your standard insurance policy will pay you the cash value of the items lost; this “cash value” is calculated by the price you paid minus any depreciation. If you want to be compensated for the actual cost to replace these items (in today’s value), then ask an MHG broker about supplementing with Full-replacement Cost Coverage.

  • Floods and Earthquakes – Most standard renters and homeowners insurance policies will not cover flood or earthquake damage. If you live in a zone where these types of natural disasters are common, you may want to consider an additional policy to cover your belongings.

For less than the price of a daily cup of coffee, arming yourself with the proper level of renters insurance can offer you peace of mind when it comes to the valuable property you have worked so hard to obtain. Let one of our experienced and knowledgeable brokers help you determine what level of coverage you need and present you with quotes from top-rated insurance companies. Don’t lose your belongings to an unexpected fire or burglary. Protection is easy and very affordable with the right renters insurance policy. Call MHG today at 954-828-1819 to learn more. You can also visit us at mhginsurance.com

Why Renters Insurance is Important

Swimming Pool Safety Tips

Swimming Pool SafetySummer time is highly anticipated by everyone, especially children. It means playtime outdoors, quality family time, and swimming in the pool with friends. For those of us that have swimming pools in our backyards, we know it is a great source of exercise and fun. However, it is also a big responsibility.


It is critical that any pool owner take appropriate measures to safeguard their swimming pool, and to make swimming pool safety a priority in order to avoid injuries or accidents. Swimming pool accidents can occur quickly and with no warning. According to the CDC (Center for Disease Control and Prevention), drowning is a leading cause of accidental death for children ages 0 to 14. 

Below is a list of important safety precautions for parents and pool owners to follow to ensure the safety of everyone swimming this summer:

  • Fencing – Appropriate pool fencing reduces the risk of drowning by more than half. The fence needs to be four-sided,  four feet high, and set up to completely barricade the pool. It needs to be secure with a lock that is out of a child’s reach. All stepladders need to be removed from the pool area completely when the pool is not in use.

  • Get a Pool Alarm – Pool alarms will alert you if someone simply enters the perimeter of the pool, or if they happen to jump or fall into the pool.

  • Learn CPR – Knowing how to perform CPR can not only save a drowning victim’s life, but it can dramatically affect the outcome of their recovery, even preventing possible brain damage.

  • Swimming Lessons – Children who cannot swim should not be permitted near a swimming pool. The American Academy of Pediatrics supports swimming lessons as early as age one. Children can attend a certified swimming class as early as age four. Parents should always accompany children who are under four years of age near a pool. Rescue equipment, life jackets and floatation devices should be located near the pool, and any inexperienced swimmers should use a life jacket.

  • Adult Supervision – There is no substitute for an observant adult who is present poolside while children are swimming. It is common for swimmers to develop cramps while in the pool, and for head injuries to occur when jumping in the pool.

  • Review your insurance policy – Make sure you have adequate liability coverage in your existing Homeowners policy, and check whether the coverage protects those who may possibly sustain an injury while in the pool.  Protect yourself as well as those who use your pool.

MHG Insurance Brokers wants to ensure that our clients have a safe and enjoyable summer. If you have questions about whether you need additional liability coverage that will include your guests when they use your swimming pool, feel free to contact MHG today.  You can discuss insurance options with one of our experienced brokers by calling 954 – 828 – 1819, or by visiting mhginsurance.com.  MHG Insurance Brokers will help you determine if you need further protection.  Have a great summer and be safe!

Swimming Pool Safety Tips

Commercial Auto PolicyCar accidents happen every day and as a business owner, you need to make sure you have the proper insurance coverage in place to protect you, your employees, your assets and get you back on the road as quickly as possible. How do you know if you need a Commercial Auto policy? As a rule of thumb, if the vehicle is used primarily for business purposes or is titled in the company’s name, you should have a Commercial Auto policy regardless if you lease or own the vehicle. 

 

Commercial auto insurance policies exist not only for commercial vehicles such as semis, dump trucks, emergency vehicles and taxis, where it is apparent that business is being conducted in and out of these types of vehicles every day. 

Here are several other situations in which a commercial auto insurance policy is the appropriate policy to secure for your vehicle – situations where a personal policy will not provide adequate coverage in the event of an accident:

  • If you use your personal vehicle for day-to-day business, such as a delivery person or courier.

  • For vehicles that are rented or leased and primarily used for or while conducting business.

  • If you are a realtor, have a similar job where you consistently travel in your personal vehicle for work to go on sales calls, or to transport clients or coworkers.

  • If you provide your personal vehicle to another person to use as a means of compensation or to utilize when running errands or picking up supplies on your behalf, such as a personal assistant or nanny.

These are situations where a commercial auto insurance policy is necessary, so that in the unfortunate event of an accident, your vehicle will be covered for damages. This policy also provides coverage for any other authorized drivers or passengers traveling in your vehicle who sustain injuries or medical costs incurred because of an accident. 

A personal auto insurance policy would not adequately provide coverage in these instances, due to the nature in which the vehicle is being used, which is for business purposes. Commercial auto insurance policies can also play a key role in protecting your business. A type of liability coverage that can be built into your commercial policy serves to protect your business from monetary judgments in a case where your employee gets involved in an accident while conducting business for your company, even if he is driving his own vehicle. This type of liability coverage can protect your business from serious financial jeopardy. 

 The differences between personal and commercial auto insurance policies are not always clear-cut and easy to understand. That is why it is vital to work with an experienced, knowledgeable, independent insurance brokerage. MHG Insurance Brokers is dedicated to providing its clients with the most comprehensive coverage available on the market, tailored to accommodate the clients’ needs, at the most competitive rates. Call MHG Insurance Brokers today for assistance in evaluating your auto insurance needs with one of our brokers at 954-828-1819, or visit mhginsurance.com.  

Rest easy knowing that MHG Insurance Brokers will help you protect yourself and your business with the proper commercial auto insurance policy.

Do I Need a Commercial Auto Policy?

Individual Disability Income Protection If you are currently employed as a yacht crewmember, chances are you have heard about individual disability income protection. Although some reports state the economy is improving, times are still tough and salaries are not increasing the way they have in the past. In addition, with a disabling accident or illness occurring or being diagnosed every few seconds, it would be a wise choice to consider disability insurance.

 

Let’s take a look at a real life scenario about a yacht crewmember who did not purchase disability insurance: 

“Last June, we had a Chief Stewardess fall down the stairs onboard a yacht. She landed on her head and injured her spine, causing temporary paralysis. She still has a long road to recovery in terms of her coordination and strength in her limbs. She has had to rely heavily on others, including her significant other, for both financial support as well as in caring for her day to day needs. Had she purchased a disability plan, she would potentially be receiving 65% of her salary.” 

When accidents and injuries happen to those who are uninsured, it brings a financial, physical and emotional strain to those who become their caretakers. Unfortunately, not everyone has a significant other or family member nearby, and they are left to hire a home nurse or caretaker. These expenses, in addition to medical bills, can be astronomical.  

Also keep in mind that if you are disabled, you will be living on shore. This will likely result in additional living expenses such as electric and water that you may not have had while working at sea. Just like accidents, long term illness can also cause significant financial challenges.  

With a long term illness, you can also find yourself in a situation where you not only need to rely on others for support with daily activities but you may also find that the ongoing medical costs may not be adequately covered by your insurance plan due to additional deductibles, non-covered items or co-insurance. 

A disabling injury or illness has the potential to ruin someone financially. Living expenses continue to rise, as do the costs for adequate medical care. Disability income can offer you peace of mind knowing a significant portion of your income can be replaced in the event of an unfortunate situation.

Disability income protection is just one part of your overall insurance picture, so be sure to consider it along with health and life insurance. MHG Insurance Brokers specializes in insurance plans for yacht crew members. We have the knowledge, experience and relationships with top-rated disability insurance carriers and can tailor a policy to your budget and needs. Call MHG today at +1 954-828-1819 or visit mhginsurance.com  to determine which disability insurance plan would be right for you.

Income for When You Are Not Working

Unlike most other classes of business, security guard workers' compensation is a niche market and can be difficult to place. Even with every safeguard in place, there are times when an accident may happen. During these times, an employee may need compensation for medical bills, injuries, etc.

 

In the past, obtaining Workers Compensation Insurance for employees such as security guards, private investigators, security consultants and alarm contractors has not been easy due to the nature of the business. Today, anyone in this sector looking for Workers Compensation Insurance has a professional on their side.

MHG Insurance Brokers uses multiple "A" rated carriers to insure security guards and related personnel who work in this industry. The insurance carriers that work with MHG realize and take into account: - The dangers of the work environment, - Training the guard has received, - Work experience of the guard, - And what type of exposures he or she might encounter at their particular place of business. 

Insurance carriers quoted through MHG will also look beyond the class code, and take into account the types of security offered and the implementation of security procedures. Because private security is such specific market in terms of insurance, and finding the right type of coverage can prove challenging, it is important to stress how working with a broker can help. Experienced brokers, like the specialists at MHG, are able to research the varying types of coverage and explain the differences, and also help navigate the various coverage forms and help clients find the broadest coverage available to them. 

In addition to these services, expert brokers can help clients avoid coverage gaps. While captive agents (those working for one specific company) try to make clients fit into their Workers Compensation product, an experienced broker works for the client and combs the market until they find the best product that fits each client's specific needs. Clients will also find additional benefits when working with "A" rated carriers through MHG, such as wage freezes and dividends or incentives.

Wage freezes are crucial as more experienced guards are often paid higher wages. Carriers offer wage freezes with guards who have extensive experience, as the likelihood of loss is lower. In terms of incentives, MHG's preferred security guard insurance carriers may offer dividends and incentives to their clients meaning a portion of the insurance premium is returned to the client based on favorable loss history.

MHG is a leading insurance broker for the private security industry, including guards, alarm firms, private investigation and more. Their brokers deliver a variety of insurance solutions that include competitive rates, comprehensive forms of coverage and industry knowledge of the security and investigation sectors. To learn specific details about a Workers Compensation Insurance policy for security personnel or to get a free quote, call 954-828-1819 or visit mhginsurance.com.

Workers Comp for Security Employees

Hurricane season officially started June 1st, are you ready?  

 

The National Oceanic and Atmospheric Administration (NOAA) predicts a near normal 2012 Atlantic hurricane season with nine to 15 named storms, of which four to eight will strengthen to a hurricane with winds of 74mph or more and of those, one to three will become major hurricanes with top winds of 111mph or more. While these numbers are slightly below average for hurricanes for the region, it only takes one storm to make landfall for a major disaster. Are you prepared for hurricane season?  

By now you should have completed all necessary pre-hurricane season preparations, but if you haven’t, looking at your insurance policies to ensure you have adequate coverage in place would be a good place to start. It is important to know what you are covered for and what your deductible is. Are you covered for windstorm, flooding and other storm related damage? 

Many homeowners and business owners do not realize that most windstorm policies do not cover flooding, and include a 30-day waiting period before flood insurance coverage becomes effective. “When a tropical storm or hurricane threatens Florida, you can’t buy or modify coverage, so plan ahead.” suggests Laura Lieberman, General Manager of the Business Insurance Division of MHG. “Most of the carriers follow Citizens so if they have suspended binding authority, chances are the other carriers have too.” 

Take time this weekend to review your insurance coverage and get the rest of your hurricane plan in place. Don’t forget to check your shutters, generator, take pictures of the outside and inside of your property, gather important papers, place them in a plastic bag, and store in a safe place. Also, trim dead or weak branches from trees as they can become missiles. It is important to have an evacuation plan, including a family meeting spot, shelter location if needed, and to make arrangements for your family pets as not all shelters are animal friendly.   

Prepare a disaster kit.  This kit should include enough food and water for each family member for three days, a battery-powered radio and flashlights, an emergency contact list, personal hygiene items, cash (no electricity means no working ATMs) and first aid materials.  If any in your family requires regular medication make sure to include an ample supply.  

Lastly, be sure to fill up your gas tanks ahead of time as the lines at the gas station will increase as the storm nears.

MHG Insurance Brokers urges you to be ready for hurricane season. As an insurance broker, MHG works for you, our client. We research the market to find the best suited plans based upon your needs, future plans and budget requirements. Whether you are looking for commercial insurance, comprehensive health benefit plans, life insurance, travel insurance, trip cancellation insurance, or a specialty marine medical plan, speak with the insurance specialists at MHG. Contact us today at 877-278-7400 to learn more.

Get Marine Business Insurance Through Hurricane Preparation

Float Away

Come join the fun at the 27th Annual Palm Beach International Boat Show, March 22 - 25, 2012.  This show is one of the top ten boat shows in the country; featuring more than $350 million worth of boats, yachts and accessories from the world’s leading marine manufacturers.  

 

The event includes hundreds of boats from 8 foot inflatables, power boats, fishing boats, center consoles, bow riders, personal watercraft to superyachts over 150’. Opening day is Thursday, March 22 from noon- 7pm. Mark Bononi, MGH’s Yacht Division Director, will be in attendance on Thursday.  

This international show continues on Friday and Saturday - the doors will open at 10am -7pm and the event wraps up on Sunday from 10am-6pm.  Show entrances will be located at Evernia St. /Flagler Dr. (waterfront) and North Clematis St. /Flagler Dr. (waterfront).  

Show admission is $14 for Adults and $5 for children (6-15), children under 6 are free.  There is a $2 discount for tickets purchased online. On Saturday and Sunday The Kids' Fishing Clinics, presented by Hook the Future, are open to all kids ages 4-16 and feature marine life experts teaching kids basic fishing techniques. Upon completion of all four learning stations, participating kids receive a FREE rod reel. The hands on interactive instruction will include: casting a rod and reel, how to fight a fish, selecting tackle and lures and fishing ethics.  

Registration begins at 10am Saturday & Sunday. Kids ages 4-16 must be registered and accompanied by a paid parent or guardian. But if all that isn't enough, there are at least nine more reasons to attend the Palm Beach Boat show this year: the IGFA School of Sportfishing will be hosting fourteen seminars on site with some of the area's best captains and professional anglers throughout the boat show. Now, while checking out the latest gadget or considering a new skiff, anglers will also be able to pick up hot tips and tricks from not just one or two, but nine of the most experienced fishermen on the water.  All of the sessions are free with paid admission. 

MHG Insurance Brokers provides comprehensive international medical insurance for yacht captains and crew. If you’re attending the Palm Beach Boat Show and wish to learn more about yacht crew insurance, employee benefits, life & health and business insurance, our colleague Mark Bononi, the Yacht Division Director will be walking the show.  

If you want us to stop by and visit to answer any questions you may have about your existing health plan or about purchasing health insurance, Mark can be reached on his cell phone at 305-905-2019.  Our expert staff is always available to answer your questions, contact MHG at 877-278-7400 today for all your marine insurance needs.

Float Away

MHG - We Speak Insurance

Choosing an insurance plan for your group can be intimidating; insurance has its own language. At MHG Insurance Brokers we understand the language of insurance and we understand the marine industry. We specialize in insurance plans designed specifically to meet the needs of marine employers, shipboard officers and crew, and contractors and concessionaires.  

 

Since 1991, MHG has provided insurance for the world’s top cruise line officers and crew.  MHG will help you sort through the terminology and key features to determine the best carrier and plan for you. As an employer, the health and wellbeing of your employees is a valuable asset. 

We offer a portfolio of life and health insurance solutions.  We provide major medical insurance, short term medical, life insurance and short term disability insurance, dental insurance and even supplemental insurance.  We can also provide insurance to your shore side staff. 

MHG is a full service broker and has access to all of the major US insurance carriers.  MHG works for you, our client and because every group is different, we take the time to find the right plan that fits both your budget and the needs of your group. Show your employees how valuable they are to you by providing life and disability insurance. This insurance is a valuable form of protection for you and your employees. 

Investing in group life insurance will provide an excellent fringe benefit for new and existing employees, and may be deducted from federal income tax premiums. As a business owner, it is advantageous to take care of your employees and important to protect your business. There are many different types of business coverage that a company may need such as property insurance, liability insurance, crime insurance, business interruption insurance, kidnap and ransom insurance, and workers' compensation to name a few. 

Whether you are a new business owner and are wondering what type of insurance you need or an established business looking for a more competitive option, MHG has the resources and contacts to help you obtain the correct coverage at the right price. By getting to know you, your business and your risks, we are able to secure the appropriate coverage. We are dedicated to our clients and treat them as friends and business partners. 

At MHG our commercial insurance solutions include general liability, professional liability and products liability.  General liability insurance is secured to protect the insured from the potential risks and liabilities imposed by lawsuits or similar claims that may arise out of bodily injury, property damage, or product malfunctions.

Professional liability insurance is secured to cover less tangible claims resulting from a company or a person's errors and omissions and include claims made for negligence, failure to perform and inaccurate advice. This insurance also covers perceived financial loss and violation of good faith and fair dealing. 

Is your property protected? At MHG we offer commercial property insurance to protect your property from physical damage and loss of use as well as to protect your inventory or assets against loss or damage caused by theft, an accident or other means. This coverage protects your business property even when it is not at your business. If you are leasing a building, office or retail location, you will only need to procure "contents" coverage to protect your fixtures, furniture, inventory, office equipment and supplies. 

Do you understand the Longshore Harbor Worker's Compensation Act, often referred to as USL&H?  The experienced staff at MHG do, and we can help you provide the required benefits to your employees working in the maritime industry. MHG also provides marine liability insurance for liability or property damages to a third party while engaged in marine related operations.  

If your company provides detailing service to yachts or cruise ships you need to include a Ship repairer's Legal Liability endorsement that insures liability coverage for damages to a vessel while it's in the care, custody or control of the detailer. Marinas and cruise lines require proof of appropriate insurance prior to beginning work.  

At MHG, we have multiple carriers offering packaged Marine Liability Insurance programs that are available to companies of all types of marine risks. MHG Insurance Brokers offers turnkey support and solutions for all your insurance needs. Please contact us today at 877-287-7400 for more information.

If you are attending Cruise Shipping Miami March 13th-15th at the Miami Beach Convention Center, please feel free to stop by our booth #1893 located in the Ship Services and Hotel Operations section for more information on any of the services we provide. Please join us for a glass of wine during our opening reception on Wednesday, March 14th from 2pm-5pm.  Avoid the $100 fee and register as our guest for complimentary tickets to the Exhibition Hall.

MHG - We Speak Insurance

At MHG Insurance Brokers we specialize in insurance plans designed specifically to meet the needs of marine employers, shipboard officers and crew, and contractors and concessionaires.  Because of the unique needs of individuals and groups at sea, choosing an insurance broker that understands the lifestyle and work environment is essential. 

 

Services offered by MHG can be tailored according to each employer’s needs with the secure knowledge that they are marine specific and supported by a team experienced in the marine environment. With our extensive market relationships and experience in the industry, we offer sound, independent advice as to which insurance and financial services providers and products are best suited to address the needs of individuals and employers. 

Marine insurance solutions include private international health insurance, vacation health insurance, disability income, life insurance, short-term health insurance and retirement savings plans. Here is more information on the plans we offer. 

MHG provides private international health insurance to all nationalities. Our extensive market relationships permit the design of international group medical plans that are tailored to each employer's specific philosophy and compensation needs. MHG also offers various benefit packages that can be combined for groups located in the US. 

MHG offers short-term health insurance for contractors and concessionaires which provides coverage for emergency medical treatment, emergency medical evacuation, should the local facilities be inadequate and a number of other benefits. For groups requiring coverage for employees while on vacation, we can customize a plan to fit your needs. 

Disability Income is an effective risk management tool for employers that not only enhances the value of compensation packages for employees but also provides peace of mind.  It can provide protection against loss of income in the event an employee becomes temporarily or permanently disabled while at work or on vacation. Coverage is available to groups of five or more and can be customized to fit your budget and benefit needs. With worldwide coverage for disability due to accident or sickness, these plans also allow you to select a waiting period and benefit amount while typically not requiring underwriting. 

Let MHG Insurance Brokers provide you and your employees with peace of mind.  Group life insurance offers employees comfort knowing that in the event of their death their loved ones will receive financial support for ongoing expenses, funeral arrangements or children's education. For employers, group life insurance is a cost-efficient benefit because it is highly valued by employees.

MHG's investment team is able to provide cost effective, flexible benefit retirement savings plans which will help recruit, retain and motivate staff while providing the employer with maximum value for each dollar spent. As your specialist plan manager, MHG's role would normally involve consultancy, plan design, independent brokerage, investment planning and communication, installation and administration of the plan. We also provide consultancy and plan management services for employers with existing plans. 

With over 20 years of experience focused on the welfare of crew, MHG has the knowledge to advise the cruise industry about its insurance needs.  Please contact us today at +1 954 828 1819 for more information on any of the services we provide. 

If you are attending Cruise Shipping Miami March 13th-15th at the Miami Beach Convention Center, please feel free to stop by our booth #1893 located in the Ship Services and Hotel Operations section. Join us for a glass of wine during our reception on Wednesday, March 14th from 2pm-5pm.  If you still need tickets for Cruise Shipping Miami, avoid the $100 fee and register as our guest for complimentary tickets to the Exhibition Hall.

MHG – The Cruise Industry’s Insurance Specialists

Audits are an essential part of any safety management system. Whether they are audits of equipment, procedures, or the behavior of the individuals involved, audits ensure projects are safe and efficient. 

 

The International Marine Contactors Association (IMCA) has published an information note on audits, which encourage discussion to show how this process can present an opportunity for ‘business improvement’. “Audits should be welcomed as a collaborative opportunity for all parties in discussing a situation, and in leading to improvements in the safety and efficiency of the work, as well as improving the business position of the company,” says Hugh Williams, Chief Executive of IMCA.  “Marine contractors undertake many more internal audits than the number of external audits, although there are many of these too performed on them by clients and statutory bodies.” “Our members are involved at three different levels. Contractor members perform in-house audits themselves and contract external consultants to assist. Corresponding members perform audits on contractors, either using their own staff or external consultants – of course, contractors take a similar stance when auditing subcontractors. Then there are external consultants who are often IMCA ‘supplier members’ who supply services – consultancy – which is often to carry out an audit/inspection.” 

IMCA has published various audit-related documents that have feedback obtained over the past 30 years for the purpose of understanding the purpose of auditing, the beneficiaries, and carrying out audits. The IMCA firmly believes that standardizing the audit format, and the widespread use of a common format, improves the audit process and ultimately the safety and efficiency of the industry. 

One of the most important steps to business improvement is making sure you are informed and up to date on any new developments in regards to audits and insurance. MHG Insurance Brokers provide insurance plans designed specifically to meet the needs of marine officers, crew and contractors, expatriates, and US residents.

MHG also offers yacht crew insuranceinternational medical insurancedisability insurance ,long term carelife insurance and business insurance. Our staff applies years of industry knowledge to find the best plan for each individual client, and is always a phone call or email away to answer any questions. For more information, contact MHG today.   

Using Audits as a Means for ‘Business Improvement’