5 things you should know about our Tattoo & Body Piercing Insurance Plan:


      1.  Tattoo and Body Piercing Artists only need 3 years experience or certificates of training
      2.  Professional Liability Coverage Automatically included
      3.  Apprentice Artists working with mentors are eligible
      4.  Equipment coverage for mobile operations
      5.  Services on minors are covered when accompanying guardian consent forms

     Contact us to learn more about our new Tattoo and Piercing Coverage which now includes
       Professional Liability!

Principal just released its new Business Owner Market Study, "A Balancing Act - Priorities vs. Plan." The report showed that business owners rank business protection as their highest priority, and income protection as their third highest priority.

More surprising is that despite the high level of interest, many have not taken action to put protections in place. Only one in four business owners - 24 percent - has an individual disability insurance (IDI) policy, fewer than 1 in 10 (9 percent) of business owners have key person disability insurance, and fewer than 1 in 20 (4 percent) have a disability overhead expense plan in place.

What does this mean to you?
We know that business and income protection are issues keeping business owners awake at night. We also know they're failing to take the next step - probably due to lack of knowledge or fear of affordability.

How do you protect your business?

Key Person Life Insurance is insurance on the life of a key employee to help reimburse an employer for the economic loss
caused by the death of the employee.

Key Person Disability Insurance is an individual disability insurance policy designed to provide business owners
with the funds necessary to compensate for the loss of a key employee due to a total disability.

Disability Overhead Expense Insurance reimburses an owner for covered overhead expenses up to a specified amount when a disability occurs.
 
Download a free copy of the report, and then contact us for facts and information about ways to protect your business.
  
  

Risk and Innovation:  A Global Perspective
Featuring Lord Peter Levene, Chairman, Lloyd’s

 Presented in partnership with Mihaylo College of Business and Economics, Center for Insurance Studies and the Insurance Industry Charitable Foundation

December 2, 2010 -

Notes from Mr. Levene’s Keynote Address:
(I do not guarantee 100% accurate, these are my personal notes):

The US Market is $12.5 Billion, 40% of Lloyd’s worldwide business.

California is the 2nd largest market for Lloyd’s in the US.

Lloyd’s did not suffer from the financial crisis, and had record profits in 2009.  The organization maintains an Excellent financial strength rating.

Insurance Companies are stable.  Even AIG, who was bailed out during the financial crisis, was stable in their insurance divisions.  The financial division created the need for a bailout.

Insurance companies must have profits in order to be able to pay claims.

Lloyd’s has a 300 year history of innovation in insurance products, such as:
1911 Airplanes
1907 Automobiles
1887 Jewelry
1895 Property for Earthquake

Lloyd’s has insured:
Fred Astaire’s Legs
Ugly Betty’s Smile
Steelers Football Player Troy Polamalu’s Hair

In 1906 The San Francisco Earthquake occurred.  The local Lloyd’s agent wired London and asked what he should do.  The response from Lloyd’s was exactly this, “Pay all of our policyholders all claims, irrespective of the terms of the policy.” $50 million was paid.

Lloyd’s has expert underwriters who can price the most complicated risks.

Insurance has played a very positive role in history, by requiring some risk reduction measures of their clients as follows:
Small pox coverage – required vaccination of clients, which save many lives.
Fire Insurance – Required preventative chimney cleaning.
Motorcycle Insurance – Required Helmets be work by riders.

For businesses - risk reduction and avoidance takes, foresight, planning, creativity and funding.

Lloyd’s works to understand the future needs of clients – i.e. cyber risks.

Company managers need to consider:
Future Energy and Water Shortages
Their amount of exposure to this risk
How to mitigate losses

Lloyd’s is expanding in China - First in reinsurance, and now as direct insurer.

One of Lloyd’s goals is to maximize profits, not revenue.  They look at the bottom line, not the top line.

Lloyd’s has a department that works on Realistic Disaster Scenarios.  They did not forecast the 911 attack; however, they did have a forecast for two 747 jets colliding over Manhattan, and their numbers were close the the monetary loss of the 911 attack.