Unique Program from Dan Weedin – CAPS

Dan Weedin
Dan Weedin

As we are on the eve of National Preparedness Month in September, I am thrilled to unveil a brand new, unique program that only I can offer to businesses of all sizes and industries. I call it the Crisis Awareness and Prevention System (CAPS).  This information will be launched officially on my web site in September along with a lot of other changes, however consider this a sneak preview! The good news is also I am prepared to help anyone immediately.

To read about how the program works, click here. You will also find it on the Crisis Conqueror navigation tab above.

Here is what you need to know…

  1. If you own a business or are responsible for its continued operation, you must have a crisis and disaster recovery plan in place. Now. Not doing so is simply negligent. Insurance is a contingent action, and only one of several. What are you doing to prevent calamity in the first place?
  2. Trying to do it internally is a waste of time and internal resources. Most businesses under 300 employees don’t have the resources, the staffing, or the experience to carry out the project. You might be able to procure templates (of which I have an excellent one), but those are only starting points. To be truly effective, you need help.
  3. The good news is I can help. I have nearly 30 years experience in the risk mitigation industry and I will get you in a better and more secure place of readiness and preparedness quickly and skillfully.

Check it out on my page dedicated to it. You owe it to yourself, your employees, their families, and your customers to be ready and prepared as a business. Heck, if you’re like a couple of my clients, you will soon be required by your vendors to have a written plan. Regardless of your motivation, do yourself the favor ans simply contact me to learn more. There is no charge for an initial phone consultation. What do you have to lose (except your business if you don’t call)?

Here – I made it easy. Contact me below…

Finish Strong 2011

I’ve got a special deal on one of my most popular programs to help you finish 2011 strong and be geared up for 2012…

Being underinsured or improperly insured on your business can have devastating effects on your cash flow and your ability to survive a crisis.  Most small business owners overlook this critical part of their business process. Yes, you may have a fine agent, but how often have you tested their work to make sure it is right for you? Too often, you don’t spend enough time talking with your agent and that leads to gaps in protection and overpaying for your insurance.

For the past 6 years, I’ve performed insurance diagnostic assessments for my clients. Basically, I become an unbiased set of professional eyes to make sure you are protected as you think you should be. Here are the results you realize…

  • Reduced total cost of insurance (In English, you save money)
  • Improved financial protection (In English, you’re covered for more stuff)
  • Enhanced ability to lead and respond to crisis (In English, you’ll be able to stay in business because you knew what to do when a disaster strikes)
  • Check your agents work. (That’s a bilingual translation – both Insurance and English)
  • Peace of mind (maybe the most important)

Here’s what you receive…

  1. I will provide a complete review of your insurance policies to identify gaps in coverage and places you can save money.
  2. You receive a comprehensive (yet painless to read) report providing you recommendations, suggestions, and guidance on how to fix your problem areas.
  3. You receive 2 weeks of unlimited e-mail access to me to help you with questions that come up after the report and on implementation of recommendations.

Note: Over the past 6 years, I’ve uncovered an average of 3 “gaps” in protection and a 10% savings per assessment. These aren’t guaranteed. Sometimes I’ve found less and sometimes more. That’s why it’s average! That being said, I have never walked away without finding at least one gap in protection or suggestion to save money!

My normal fee for this service is $1,500 for a business insurance diagnostic. I know we are still in a challenging economic period, so here is my holiday gift yo you… (read closely as dates of when you do this save you money)

  • Starting today through Friday, your investment is only $500 for a business assessment and $750 for a combined business and personal insurance assessment.
  • If you wait until next week, the investment goes up to $750 and $1,000 respectively.
  • If you wait until after Christmas, your investment goes up to $1,000 and $1,250 respectively.
  • After January 1st, we are back to our regularly scheduled programming.
  • Between now and January 1st, any personal insurance diagnostic assessment only is $350.

The investment is based on when I receive payment (I accept checks and all major business credit cards). You can start the assessment whenever you want, however I recommend as soon as possible so you can make plans for the new year. I turn around the report to you within 48 hours.

Don’t chance your business continuation. Call me today to get set up for your insurance diagnostic. This offer may well never happen again. Invest in your business’s future and get an assessment on your insurance to protect your life’s work.

Read Testimonials from satisfied clients

© 2011 Dan Weedin. All Rights Reserved

Social Un-Security: Social Media is all “trick” and no” tweet” for your business insurance

Social Media has captivated the globe and has changed how we communicate personally and professionally forever. And the scary thing is, it’s ever evolving and changing. The good news for you as a business is that you have more ways to spread your message, sell your products, and profess your opinions for free to the world. The bad news is, that your insurance may not have kept up with the times and is stuck in 1979.

Your Commercial General Liability policy has a coverage part called Personal & Advertising Injury. This coverage part has a sub-limit of liability that should be equal to your Occurrence limit. Personal & Advertising Injury is meant to protect you from among other things, libel, slander, defamation of character and other grisly things that you do that could hurt someone’s feelings. Seriously, it’s meant to protect you from negligently damaging someone’s reputation, or infringing on copyright or intellectual property. This is more of an issue today as technology blurs those lines, so it’s an important coverage.

The standard General Liability policy (ISO CG00 01 12 07) will exclude injury “arising out of an electronic chat room or bulletin board the insured hosts, owns, or over which the insured exercise control” (ISO CG00 01 12 07).  As well as Personal and Advertising injury “arising out of the infringement of copyright, patent, trademark, trade secret or other intellectual property rights” (ISO CG00 01 12 07).  This includes data privacy breaches and claims resulting from a data privacy breach.

In English, this means that your tweets, blog posts, Facebook notes, and other commentary on social media sites are not contemplated by outdated verbiage still being employed in General Liability policies. Certainly, you can fight it, however you know that means extra time, money, and anxiety. Bottom line, your tweets aren’t covered!

There are increasing numbers of case law and opinions surrounding this issue. My job today isn’t to bore you with a litany of these, but to alert you to your vulnerability.

So how can you get in trouble? Let’s face it; the most intriguing blogs and tweets are the ones that offer contrarian, thought provoking, and often outlandish commentary. In sending out your opinions over cyberspace channels, you may be critical of competitors, inadvertently offend another company or individual, and/or infringe on someone’s brand. If they sure you, you’re on your own.

So what do you do? Fortunately, the insurance companies have found a way to protect you. For consultants like me who own a professional liability insurance policy, the coverage is included there. For other businesses, there is a fairly recent policy that has been created called Cyber Technology insurance. It’s meant to protect your liability for issues related to technology like social media, data breach, and other nasty things like that.

You need to talk with an insurance professional – your broker, agent, or consultant. It’s crucial that you examine your company’s social media practices, including how your employees use it.

Tom Bell an attorney with Perkins Coie, in an article published in Computerworld states:

“Companies are entitled to free speech, but their commercial speech is less protected. The lower protection comes in the form of a higher standard of care for truth and accuracy. So, when company employees participate in social media on behalf of their employer, they subject the company to the same risks as a newspaper or individual, but with less protection.”

Employing a social media policy will help you assess your vulnerability, create policy that works for your operations, and set up a plan to transfer your unwanted risk to an insurance policy that adequately protects your liability and assets.

Your company probably should be active at some level in social media. If it’s not now, you’re probably falling behind the game at some level. Like any other risk you face in business, you need to make this part of a good risk management policy.

Don’t find yourself on the wrong side of a tweet. Go out and become “socially acceptable!”

 

© 2011 Dan Weedin. All Rights Reserved

Insurance Go2Guy Rule #11 – Check for Auto Insurance

Do you have employees who drive for you and use their personal vehicles? If so, check their insurance limits. If they are using their vehicles for business use and get involved in an at-fault accident, you could be brought in if they are uninsured or underinsured. Two rules of thumb here:

1. Create a minimum limit of insurance (I recommend $100,000)

2. Make sure you have Non-Owned & Hired Auto Liability coverage

This issue is most prevalent with sales people, contractors, executives, and delivery people.

Don’t get caught on the short end of the stick if your employee isn’t properly insured. Check for their insurance…it’s your right.

© 2010 Dan Weedin. All Rights Reserved